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Rovio Entertainment Oyj

DB:R0F
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R0F
DB
€532M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Rovio Entertainment Oyj, a games-first entertainment company, creates, develops, and publishes mobile games worldwide. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Rovio Entertainment Oyj has significant price volatility in the past 3 months.
R0F Share Price and Events
7 Day Returns
8.6%
DB:R0F
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
42.5%
DB:R0F
13%
DE Entertainment
-4.5%
DE Market
R0F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rovio Entertainment Oyj (R0F) 8.6% 21.7% 53.5% 42.5% - -
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • R0F outperformed the Entertainment industry which returned 13% over the past year.
  • R0F outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

R0F Value

 Is Rovio Entertainment Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rovio Entertainment Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rovio Entertainment Oyj.

DB:R0F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:R0F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 20%) (0.73%))
0.979
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.979 * 6.51%)
6.6%

Discounted Cash Flow Calculation for DB:R0F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rovio Entertainment Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:R0F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.6%)
2019 28.75 Analyst x2 26.97
2020 40.80 Analyst x2 35.90
2021 43.15 Analyst x2 35.62
2022 42.00 Analyst x1 32.52
2023 42.00 Analyst x1 30.51
2024 42.03 Est @ 0.07% 28.64
2025 42.08 Est @ 0.12% 26.90
2026 42.14 Est @ 0.15% 25.27
2027 42.21 Est @ 0.17% 23.75
2028 42.29 Est @ 0.19% 22.32
Present value of next 10 years cash flows €288.40
DB:R0F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €42.29 × (1 + 0.23%) ÷ (6.6% – 0.23%)
€665.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €665.11 ÷ (1 + 6.6%)10
€350.97
DB:R0F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €288.40 + €350.97
€639.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €639.36 / 79.08
€8.08
DB:R0F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:R0F represents 1.05577x of HLSE:ROVIO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05577x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.08 x 1.05577
€8.54
Value per share (EUR) From above. €8.54
Current discount Discount to share price of €7.10
= -1 x (€7.10 - €8.54) / €8.54
16.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rovio Entertainment Oyj is available for.
Intrinsic value
17%
Share price is €7.1 vs Future cash flow value of €8.54
Current Discount Checks
For Rovio Entertainment Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rovio Entertainment Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Rovio Entertainment Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rovio Entertainment Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rovio Entertainment Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R0F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.31
HLSE:ROVIO Share Price ** HLSE (2019-04-25) in EUR €6.73
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rovio Entertainment Oyj.

DB:R0F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:ROVIO Share Price ÷ EPS (both in EUR)

= 6.73 ÷ 0.31

21.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rovio Entertainment Oyj is overvalued based on earnings compared to the DE Entertainment industry average.
  • Rovio Entertainment Oyj is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Rovio Entertainment Oyj's expected growth come at a high price?
Raw Data
DB:R0F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
24.3%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:R0F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.7x ÷ 24.3%

0.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rovio Entertainment Oyj is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rovio Entertainment Oyj's assets?
Raw Data
DB:R0F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.02
HLSE:ROVIO Share Price * HLSE (2019-04-25) in EUR €6.73
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:R0F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:ROVIO Share Price ÷ Book Value per Share (both in EUR)

= 6.73 ÷ 2.02

3.33x

* Primary Listing of Rovio Entertainment Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rovio Entertainment Oyj is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Rovio Entertainment Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Rovio Entertainment Oyj has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

R0F Future Performance

 How is Rovio Entertainment Oyj expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rovio Entertainment Oyj expected to grow at an attractive rate?
  • Rovio Entertainment Oyj's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rovio Entertainment Oyj's earnings growth is expected to exceed the Germany market average.
  • Rovio Entertainment Oyj's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:R0F Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:R0F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 24.3%
DB:R0F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.2%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:R0F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R0F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 317 1
2022-12-31 314 1
2021-12-31 345 49 46 3
2020-12-31 333 45 43 3
2019-12-31 310 30 25 3
DB:R0F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 281 43 25
2018-09-30 282 29 28
2018-06-30 282 36 20
2018-03-31 290 48 20
2017-12-31 297 60 21
2017-09-30 286 62 16
2017-06-30 266 56 20
2017-03-31 229 39 15
2016-12-31 192 23 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rovio Entertainment Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Rovio Entertainment Oyj's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:R0F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Rovio Entertainment Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R0F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.58 0.69 0.36 3.00
2020-12-31 0.54 0.73 0.37 3.00
2019-12-31 0.32 0.35 0.29 3.00
DB:R0F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.31
2018-09-30 0.36
2018-06-30 0.25
2018-03-31 0.26
2017-12-31 0.27
2017-09-30 0.21
2017-06-30 0.27
2017-03-31 0.21
2016-12-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Rovio Entertainment Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rovio Entertainment Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rovio Entertainment Oyj has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

R0F Past Performance

  How has Rovio Entertainment Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rovio Entertainment Oyj's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Rovio Entertainment Oyj's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Rovio Entertainment Oyj's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Rovio Entertainment Oyj's earnings growth has exceeded the DE Entertainment industry average in the past year (19.3% vs -6%).
Earnings and Revenue History
Rovio Entertainment Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rovio Entertainment Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R0F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 281.17 24.57 125.51
2018-09-30 282.46 28.30 118.06
2018-06-30 282.06 19.70 119.36
2018-03-31 289.61 20.15 121.51
2017-12-31 297.16 20.60 123.66
2017-09-30 286.40 15.70 70.87
2017-06-30 265.80 20.30 71.62
2017-03-31 228.75 15.45 70.64
2016-12-31 191.70 10.60 69.67
2015-12-31 142.07 -18.07 66.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rovio Entertainment Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rovio Entertainment Oyj used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Rovio Entertainment Oyj has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Rovio Entertainment Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rovio Entertainment Oyj has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

R0F Health

 How is Rovio Entertainment Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rovio Entertainment Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rovio Entertainment Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rovio Entertainment Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rovio Entertainment Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 40.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rovio Entertainment Oyj Company Filings, last reported 3 months ago.

DB:R0F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 159.43 3.90 124.65
2018-09-30 156.70 2.60 108.00
2018-06-30 148.00 2.60 98.50
2018-03-31 140.39 2.74 93.14
2017-12-31 140.39 2.74 93.14
2017-09-30 127.20 10.80 92.10
2017-06-30 96.40 10.80 45.80
2017-03-31 86.84 19.07 29.63
2016-12-31 86.84 19.07 29.63
2015-12-31 74.39 24.59 35.52
  • Rovio Entertainment Oyj's level of debt (2.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Rovio Entertainment Oyj's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (1092.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 207.6x coverage).
X
Financial health checks
We assess Rovio Entertainment Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rovio Entertainment Oyj has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

R0F Dividends

 What is Rovio Entertainment Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.34%
Current annual income from Rovio Entertainment Oyj dividends. Estimated to be 2.13% next year.
If you bought €2,000 of Rovio Entertainment Oyj shares you are expected to receive €27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rovio Entertainment Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Rovio Entertainment Oyj's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:R0F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:R0F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.18 3.00
2020-12-31 0.16 3.00
2019-12-31 0.10 3.00
DB:R0F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-09 0.090 1.353
2018-04-16 0.090 1.803
2017-09-29 0.060 0.772

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Rovio Entertainment Oyj has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Rovio Entertainment Oyj only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Rovio Entertainment Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Rovio Entertainment Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rovio Entertainment Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rovio Entertainment Oyj has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

R0F Management

 What is the CEO of Rovio Entertainment Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kati Levoranta
COMPENSATION €405,743
AGE 48
TENURE AS CEO 3.3 years
CEO Bio

Ms. Kati Levoranta has been the Chief Executive Officer of Rovio Entertainment Oyj since January 1, 2016 and served as its Chief Legal Officer from 2012 to January 1, 2016 and also served as its Head of sales for the EMEA region since March 2015. She Joined Rovio Entertainment Oyj in 2012. She has primary work experience in several positions in Nokia Oyj and Nokia Siemens Networks. She has received LL.M (in Finland and Columbia University School of Law, the United States) and MBA (Econ.).

CEO Compensation
  • Kati's compensation has been consistent with company performance over the past year.
  • Kati's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Rovio Entertainment Oyj management team in years:

2
Average Tenure
44
Average Age
  • The tenure for the Rovio Entertainment Oyj management team is about average.
Management Team

Kati Levoranta

TITLE
CEO & Interim Head of Games
COMPENSATION
€406K
AGE
48
TENURE
3.3 yrs

Niklas Hed

TITLE
Co-Founder
TENURE
16.3 yrs

René Lindell

TITLE
Chief Financial Officer
AGE
42
TENURE
1.9 yrs

Mikko Setälä

TITLE
Executive Vice President of Investor Relations
AGE
62

Minna Raitanen

TITLE
General Counsel
AGE
44
TENURE
3.3 yrs

Minna Eloranta

TITLE
Senior Communications Manager

Ville Heijari

TITLE
Chief Marketing Officer
AGE
40
TENURE
1 yrs

Heini Kaihu

TITLE
Head of Human Resources
AGE
45
TENURE
0.2 yrs

Jukka Heiskanen

TITLE
Editor-In Chief of Comics

Simo Hämäläinen

TITLE
Head of Brand Licencing
AGE
38
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Rovio Entertainment Oyj board of directors in years:

1.9
Average Tenure
54
Average Age
  • The average tenure for the Rovio Entertainment Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mika Ihamuotila

TITLE
Chairman of the Board
COMPENSATION
€124K
AGE
54
TENURE
1.9 yrs

Kaj Hed

TITLE
Vice Chairman of the Board
COMPENSATION
€100K
AGE
63
TENURE
2.3 yrs

Kim Ignatius

TITLE
Director
COMPENSATION
€90K
AGE
62
TENURE
1.9 yrs

Camilla Hed-Wilson

TITLE
Director
COMPENSATION
€60K
AGE
35
TENURE
8.3 yrs

Jenny Wolfram

TITLE
Director
COMPENSATION
€60K
AGE
28
TENURE
1.9 yrs

Fredrik Löving

TITLE
Director

Jeferson Valadares

TITLE
Direcror
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Rovio Entertainment Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rovio Entertainment Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

R0F News

Simply Wall St News

R0F Company Info

Description

Rovio Entertainment Oyj, a games-first entertainment company, creates, develops, and publishes mobile games worldwide. It operates through Games, Brand Licensing, and Other segments. The company offers various mobile games through mobile application stores; produces movies; and licenses the Angry Birds brand to consumer products and other entertainment content, as well as develops a cloud-based game service. It also provides physical merchandise, including toys and apparel, as well as location-based entertainment, such as activity parks; and books and comics, animated series, and digital products. The company was founded in 2003 and is headquartered in Espoo, Finland.

Details
Name: Rovio Entertainment Oyj
R0F
Exchange: DB
Founded: 2003
€531,829,173
79,082,405
Website: http://www.rovio.com
Address: Rovio Entertainment Oyj
Keilaranta 7,
Espoo,
Uusimaa, 02150,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE ROVIO Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 29. Sep 2017
OTCPK ROVV.F Ordinary Shares Pink Sheets LLC US USD 29. Sep 2017
DB R0F Ordinary Shares Deutsche Boerse AG DE EUR 29. Sep 2017
LSE 0RUN Ordinary Shares London Stock Exchange GB EUR 29. Sep 2017
Number of employees
Current staff
Staff numbers
410
Rovio Entertainment Oyj employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:05
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.