| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
TYRES Overview
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally.
Nokian Renkaat Oyj Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €31.02 |
| 52 Week High | €22.53 |
| 52 Week Low | €36.70 |
| Beta | 0.71 |
| 1 Month Change | -6.51% |
| 3 Month Change | -6.71% |
| 1 Year Change | 28.82% |
| 3 Year Change | -11.04% |
| 5 Year Change | -3.49% |
| Change since IPO | 4,663.08% |
Recent News & Updates
Nokian Renkaat Oyj (HEL:TYRES) Shares Could Be 33% Above Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Nokian Renkaat Oyj...
These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Be Wary Of Nokian Renkaat Oyj (HEL:TYRES) And Its Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Shareholder Returns
| TYRES | FI Auto Components | FI Market | |
|---|---|---|---|
| 7D | -1.6% | -4.3% | -2.5% |
| 1Y | 28.8% | 19.3% | 22.0% |
Return vs Industry: TYRES exceeded the Finnish Auto Components industry which returned 25.6% over the past year.
Return vs Market: TYRES exceeded the Finnish Market which returned 22.8% over the past year.
Price Volatility
| TYRES volatility | |
|---|---|
| TYRES Beta | 0.71 |
| Industry Beta | 1.52 |
| Market Beta | 1 |
Stable Share Price: TYRES is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TYRES's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1898 | 4,822 | Jukka Moisio | https://www.nokiantyres.com |
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans.
Valuation
Is Nokian Renkaat Oyj undervalued compared to its fair value and its price relative to the market?
20.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TYRES (€31.32) is trading above our estimate of fair value (€27.22)
Significantly Below Fair Value: TYRES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TYRES is poor value based on its PE Ratio (20.8x) compared to the European Auto Components industry average (17.1x).
PE vs Market: TYRES is good value based on its PE Ratio (20.8x) compared to the Finnish market (23.5x).
Price to Earnings Growth Ratio
PEG Ratio: TYRES is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: TYRES is overvalued based on its PB Ratio (2.9x) compared to the XE Auto Components industry average (1.6x).
Future Growth
How is Nokian Renkaat Oyj forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TYRES's forecast earnings growth (12.2% per year) is above the savings rate (0.2%).
Earnings vs Market: TYRES's earnings (12.2% per year) are forecast to grow faster than the Finnish market (7.3% per year).
High Growth Earnings: TYRES's earnings are forecast to grow, but not significantly.
Revenue vs Market: TYRES's revenue (5.7% per year) is forecast to grow faster than the Finnish market (3.7% per year).
High Growth Revenue: TYRES's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TYRES's Return on Equity is forecast to be low in 3 years time (15.6%).
Past Performance
How has Nokian Renkaat Oyj performed over the past 5 years?
-2.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TYRES has high quality earnings.
Growing Profit Margin: TYRES's current net profit margins (13.7%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: TYRES's earnings have declined by 2.3% per year over the past 5 years.
Accelerating Growth: TYRES's earnings growth over the past year (89.6%) exceeds its 5-year average (-2.3% per year).
Earnings vs Industry: TYRES earnings growth over the past year (89.6%) exceeded the Auto Components industry 36.6%.
Return on Equity
High ROE: TYRES's Return on Equity (14%) is considered low.
Financial Health
How is Nokian Renkaat Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: TYRES's short term assets (€1.1B) exceed its short term liabilities (€495.3M).
Long Term Liabilities: TYRES's short term assets (€1.1B) exceed its long term liabilities (€271.8M).
Debt to Equity History and Analysis
Debt Level: TYRES's debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: TYRES's debt to equity ratio has reduced from 14.2% to 11.7% over the past 5 years.
Debt Coverage: TYRES's debt is well covered by operating cash flow (240.8%).
Interest Coverage: TYRES's interest payments on its debt are well covered by EBIT (38.9x coverage).
Balance Sheet
Dividend
What is Nokian Renkaat Oyj current dividend yield, its reliability and sustainability?
3.87%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TYRES's dividend (3.83%) is higher than the bottom 25% of dividend payers in the Finnish market (1.66%).
High Dividend: TYRES's dividend (3.83%) is in the top 25% of dividend payers in the Finnish market (3.63%)
Stability and Growth of Payments
Stable Dividend: TYRES's dividend payments have been volatile in the past 10 years.
Growing Dividend: TYRES's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.6%), TYRES's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TYRES's dividends in 3 years are forecast to be covered by earnings (77.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Jukka Moisio (60 yo)
1.33yrs
Tenure
€1,122,660
Compensation
Mr. Jukka Moisio, M.Sc. (Econ), MBA, is the President and Chief Executive Officer at Nokian Renkaat Oyj since May 27, 2020. He served as Chair of the Board at Neles Oyj until March 26, 2021. He serves as D...
CEO Compensation Analysis
Compensation vs Market: Jukka's total compensation ($USD1.32M) is below average for companies of similar size in the Finnish market ($USD2.42M).
Compensation vs Earnings: Insufficient data to compare Jukka's compensation with company performance.
Leadership Team
Experienced Management: TYRES's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: TYRES's board of directors are considered experienced (4.4 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
Nokian Renkaat Oyj's employee growth, exchange listings and data sources
Key Information
- Name: Nokian Renkaat Oyj
- Ticker: TYRES
- Exchange: HLSE
- Founded: 1898
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: €4.329b
- Shares outstanding: 138.22m
- Website: https://www.nokiantyres.com
Number of Employees
Location
- Nokian Renkaat Oyj
- Pirkkalaistie 7
- PO Box 20
- Nokia
- Pirkanmaa
- 37101
- Finland
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 17:42 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.