Nokian Renkaat Oyj
Market Cap
€4.1b
Last Updated
2021/02/27 18:43 UTC
Data Sources
Company Financials +
Executive Summary
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has Nokian Renkaat Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TYRES is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TYRES's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
TYRES
-1.9%
FI Auto Components
-1.9%
FI Market
1 Year Return
24.3%
TYRES
16.4%
FI Auto Components
16.7%
FI Market
Return vs Industry: TYRES exceeded the Finnish Auto Components industry which returned 15.9% over the past year.
Return vs Market: TYRES exceeded the Finnish Market which returned 16.7% over the past year.
Shareholder returns
| TYRES | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -1.9% | -1.9% |
| 30 Day | -2.4% | 2.2% | -0.1% |
| 90 Day | -1.4% | 6.9% | 4.4% |
| 1 Year | 31.1%24.3% | 18.9%16.4% | 25.3%16.7% |
| 3 Year | -6.6%-19.6% | -27.6%-33.0% | 34.9%11.4% |
| 5 Year | 26.9%-0.1% | -6.6%-17.8% | 74.2%35.6% |
Long-Term Price Volatility Vs. Market
How volatile is Nokian Renkaat Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Nokian Renkaat Oyj's (HEL:TYRES) Statutory Profit Adequately Reflect Its Underlying Profit?3 weeks ago | Simply Wall St
Update: Nokian Renkaat Oyj (HEL:TYRES) Stock Gained 28% In The Last Year1 month ago | Simply Wall St
What Is The Ownership Structure Like For Nokian Renkaat Oyj (HEL:TYRES)?Valuation
Is Nokian Renkaat Oyj undervalued compared to its fair value and its price relative to the market?
47.21x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TYRES (€29.32) is trading above our estimate of fair value (€19.02)
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 (47.2x) compared to the XE Auto Components industry average (29.7x).
PE vs Market: TYRES is poor value based on its PE Ratio (47.2x) compared to the Finnish market (27.2x).
Price to Earnings Growth Ratio
PEG Ratio: TYRES is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: TYRES is overvalued based on its PB Ratio (2.7x) compared to the XE Auto Components industry average (1.7x).
Next Steps
Future Growth
How is Nokian Renkaat Oyj forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
30.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TYRES's forecast earnings growth (30.6% per year) is above the savings rate (0.3%).
Earnings vs Market: TYRES's earnings (30.6% per year) are forecast to grow faster than the Finnish market (19.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TYRES's revenue (6.4% per year) is forecast to grow faster than the Finnish market (3.6% per year).
High Growth Revenue: TYRES's revenue (6.4% 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 (15.3%).
Next Steps
Past Performance
How has Nokian Renkaat Oyj performed over the past 5 years?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TYRES has high quality earnings.
Growing Profit Margin: TYRES's current net profit margins (6.5%) are lower than last year (24.9%).
Past Earnings Growth Analysis
Earnings Trend: TYRES's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: TYRES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TYRES had negative earnings growth (-78.4%) over the past year, making it difficult to compare to the Auto Components industry average (-46.7%).
Return on Equity
High ROE: TYRES's Return on Equity (5.7%) is considered low.
Next Steps
Financial Health
How is Nokian Renkaat Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: TYRES's short term assets (€1.2B) exceed its short term liabilities (€524.5M).
Long Term Liabilities: TYRES's short term assets (€1.2B) exceed its long term liabilities (€290.8M).
Debt to Equity History and Analysis
Debt Level: TYRES's debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: TYRES's debt to equity ratio has increased from 14.5% to 21.8% over the past 5 years.
Debt Coverage: TYRES's debt is well covered by operating cash flow (127.1%).
Interest Coverage: TYRES's interest payments on its debt are well covered by EBIT (14x coverage).
Balance Sheet
Next Steps
Dividend
What is Nokian Renkaat Oyj current dividend yield, its reliability and sustainability?
4.09%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TYRES's dividend (4.09%) is higher than the bottom 25% of dividend payers in the Finnish market (1.88%).
High Dividend: TYRES's dividend (4.09%) is in the top 25% of dividend payers in the Finnish market (3.97%)
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: With its high payout ratio (193.2%), TYRES's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TYRES's dividends in 3 years are forecast to be covered by earnings (81.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Jukka Moisio (59 yo)
0.75
Tenure
Mr. Jukka Moisio, M.Sc. (Econ), MBA, is the President and Chief Executive Officer at Nokian Renkaat Oyj since May 27, 2020. He serves as Chair of the Board at Neles Oyj. He serves as Director of Metsä Boar...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 0.75yr | no data | 0.013% € 527.7k | |
| Chief Financial Officer | 2.58yrs | no data | 0.0051% € 205.5k | |
| Plant Manager & Operations Director | 2.33yrs | no data | no data | |
| Director of Administration & Sales | no data | €4.80k | no data | |
| Senior Vice President of Investor Relations & Corporate Communications | 2.75yrs | no data | 0.00091% € 36.9k | |
| Head of Global Marketing | 0.25yr | no data | no data | |
| Interim Senior Vice President of Human Resources | 1.08yrs | no data | 0.0058% € 233.8k | |
| Executive Vice President of Russia | 12.08yrs | no data | 0.050% € 2.0m | |
| Executive Vice President of Heavy Tyres & Nokia Factory | no data | no data | 0.019% € 779.7k | |
| Executive Vice President of North America | 0.33yr | no data | 0.016% € 636.7k | |
| Head of Sales - North America | no data | no data | no data | |
| Senior Vice President of Products & Innovations | 0.25yr | no data | 0.0032% € 129.7k |
1.1yrs
Average Tenure
52yo
Average Age
Experienced Management: TYRES's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 4.83yrs | €54.60k | 0.0026% € 106.2k | |
| Independent Deputy Chairman | 2.83yrs | €78.30k | 0.0026% € 105.8k | |
| Independent Director | 6.83yrs | €76.50k | 0.0047% € 189.7k | |
| Independent Chairman of the Board | 0.83yr | no data | 0.0093% € 375.3k | |
| Independent Director | 2.83yrs | €53.40k | 0.0018% € 70.9k | |
| Independent Director | 6.83yrs | €54.60k | 0.0036% € 146.7k | |
| Independent Director | 3.83yrs | €54.60k | 0.0021% € 86.7k | |
| Independent Director | 4.83yrs | €56.40k | 0.0026% € 106.2k |
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: TYRES's board of directors are considered experienced (4.3 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 company bio, 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: €4.053b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NKRK.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 1995 |
| TYRES | HLSE (OMX Nordic Exchange Helsinki) | Yes | Ordinary Shares | FI | EUR | Jun 1995 |
| NRE | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 1995 |
| 0FFY | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 1995 |
| TYRESH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 1995 |
| NRE1 | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jun 1995 |
| NKRK.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Sep 2011 |
Biography
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vian...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 18:43 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| 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.