MUN:S0A

Stock Analysis Report

Executive Summary

Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Scanfil Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S0A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.4%

S0A

-2.7%

DE Electronic

0.2%

DE Market


1 Year Return

19.5%

S0A

8.7%

DE Electronic

14.4%

DE Market

Return vs Industry: S0A exceeded the German Electronic industry which returned 8.7% over the past year.

Return vs Market: S0A exceeded the German Market which returned 14.4% over the past year.


Shareholder returns

S0AIndustryMarket
7 Day2.4%-2.7%0.2%
30 Day3.2%7.1%0.9%
90 Day16.6%9.0%4.6%
1 Year23.2%19.5%11.1%8.7%17.9%14.4%
3 Yearn/a46.2%41.4%15.7%5.6%
5 Yearn/a113.7%98.4%23.4%6.5%

Price Volatility Vs. Market

How volatile is Scanfil Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Scanfil Oyj undervalued compared to its fair value and its price relative to the market?

12.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S0A (€5.2) is trading below our estimate of fair value (€5.95)

Significantly Below Fair Value: S0A is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: S0A is good value based on its PE Ratio (13.5x) compared to the Electronic industry average (33.5x).

PE vs Market: S0A is good value based on its PE Ratio (13.5x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: S0A is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: S0A is overvalued based on its PB Ratio (2.2x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Scanfil Oyj forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S0A's forecast earnings growth (8.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: S0A's earnings (8.4% per year) are forecast to grow slower than the German market (13.3% per year).

High Growth Earnings: S0A's earnings are forecast to grow, but not significantly.

Revenue vs Market: S0A's revenue (3.1% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: S0A's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: S0A's Return on Equity is forecast to be low in 3 years time (16.9%).


Next Steps

Past Performance

How has Scanfil Oyj performed over the past 5 years?

30.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S0A has high quality earnings.

Growing Profit Margin: S0A's current net profit margins (4.4%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: S0A's earnings have grown significantly by 30.6% per year over the past 5 years.

Accelerating Growth: S0A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S0A had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).


Return on Equity

High ROE: S0A's Return on Equity (15.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Scanfil Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: S0A's short term assets (€257.9M) exceed its short term liabilities (€175.9M).

Long Term Liabilities: S0A's short term assets (€257.9M) exceed its long term liabilities (€28.4M).


Debt to Equity History and Analysis

Debt Level: S0A's debt to equity ratio (37.7%) is considered satisfactory.

Reducing Debt: S0A's debt to equity ratio has increased from 16.5% to 37.7% over the past 5 years.

Debt Coverage: S0A's debt is well covered by operating cash flow (47.5%).

Interest Coverage: S0A's interest payments on its debt are well covered by EBIT (38.9x coverage).


Balance Sheet

Inventory Level: S0A has a high level of physical assets or inventory.

Debt Coverage by Assets: S0A's debt is covered by short term assets (assets are 4.4x debt).


Next Steps

Dividend

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

2.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: S0A's dividend (2.5%) is higher than the bottom 25% of dividend payers in the German market (1.32%).

High Dividend: S0A's dividend (2.5%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, S0A has been paying a dividend for less than 10 years.

Growing Dividend: S0A's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.8%), S0A's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: S0A's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Petteri Jokitalo (56yo)

6.8yrs

Tenure

€323,000

Compensation

Mr. Petteri Jokitalo, M.Sc. (Eng) serves as the Chief Executive Officer of Scanfil EMS Oy and Scanfil Oyj since April 1, 2013. Mr. Jokitalo served as the Director of Sales and Marketing of Scanfil EMS Oy.  ...


CEO Compensation Analysis

Compensation vs Market: Petteri's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD792.94K).

Compensation vs Earnings: Petteri's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Petteri Jokitalo
Chief Executive Officer6.8yrs€323.00k0.38% 1.3m
Kai Valo
Chief Financial Officer3.3yrsno datano data
Riku Hynninen
Chief Operating Officer2.1yrsno data0.0018% 6.0k
Markku Kosunen
Chief Technology Officer2.1yrsno data0.043% 144.9k
Timo Sonninen
Vice President of Sales4.3yrsno data0.14% 483.6k

3.3yrs

Average Tenure

53yo

Average Age

Experienced Management: S0A's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jarkko Takanen
Independent Director8.1yrs€29.00k13.22% 44.3m
Harri Takanen
Chairman of the Board6.8yrs€47.00k15.18% 50.8m
Bengt Engström
Independent Director4.5yrs€26.00k0.020% 66.7k
Christer Härkönen
Director5.8yrs€25.00kno data
Christina Lindstedt
Independent Director3.8yrs€27.00k0.0093% 31.2k

5.8yrs

Average Tenure

52yo

Average Age

Experienced Board: S0A's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Scanfil Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scanfil Oyj
  • Ticker: S0A
  • Exchange: MUN
  • Founded: 1976
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: €334.880m
  • Shares outstanding: 64.40m
  • Website: https://www.scanfil.com

Number of Employees


Location

  • Scanfil Oyj
  • Yritystie 6
  • Sievi
  • Northern Ostrobothnia
  • 85410
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCANFLHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURJan 2012
0Q59LSE (London Stock Exchange)YesShare CapitalGBEURJan 2012
S0AMUN (Boerse Muenchen)YesShare CapitalDEEURJan 2012

Biography

Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide. The company provides product design, product manufacturing, material procurement and logistics solutions, as well as after-sales services, such as maintenance and spare parts services. It also offers video surveillance systems and equipment, communications network device, audio communications products, health technology devices and systems, electricity and automation system modules, renewable energy production converters and inverters, frequency converters, elevator and forklift control systems, analyzers, various slot and vending machines, defense industry devices, and meteorological instruments. The company serves customers in automation, energy, networks and communication, and other sectors; and medtech, life science, and environmental measurements segments, as well as companies operating in fields related to urbanization. The company was founded in 1976 and is headquartered in Sievi, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 23:56
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.