HLSE:ASPO

Stock Analysis Report

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Executive Summary

Aspo Oyj owns and develops corporate brands in Finland, Scandinavia, the Baltic countries, Russia, Ukraine, other CIS countries, and internationally. More Details


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ASPO is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASPO's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

ASPO

2.8%

FI Industrials

-1.4%

FI Market


1 Year Return

18.9%

ASPO

53.7%

FI Industrials

29.3%

FI Market

Return vs Industry: ASPO underperformed the Finnish Industrials industry which returned 37.1% over the past year.

Return vs Market: ASPO matched the Finnish Market which returned 18.5% over the past year.


Shareholder returns

ASPOIndustryMarket
7 Day-3.2%2.8%-1.4%
30 Day-3.2%1.6%-1.4%
90 Day18.0%14.5%3.1%
1 Year23.2%18.9%66.6%53.7%38.8%29.3%
3 Year-0.2%-12.3%41.7%22.3%31.2%8.2%
5 Year50.1%18.9%99.6%40.2%72.1%34.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASPO (€8.54) is trading below our estimate of fair value (€11.13)

Significantly Below Fair Value: ASPO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASPO is poor value based on its PE Ratio (22.2x) compared to the XE Industrials industry average (21.1x).

PE vs Market: ASPO is good value based on its PE Ratio (22.2x) compared to the Finnish market (27.7x).


Price to Earnings Growth Ratio

PEG Ratio: ASPO is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: ASPO is overvalued based on its PB Ratio (2.4x) compared to the XE Industrials industry average (1.2x).


Next Steps

Future Growth

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

19.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASPO's forecast earnings growth (19.9% per year) is above the savings rate (0.3%).

Earnings vs Market: ASPO's earnings (19.9% per year) are forecast to grow faster than the Finnish market (19.5% per year).

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

Revenue vs Market: ASPO's revenue (3.4% per year) is forecast to grow slower than the Finnish market (3.8% per year).

High Growth Revenue: ASPO's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASPO's Return on Equity is forecast to be high in 3 years time (22.4%)


Next Steps

Past Performance

How has Aspo Oyj performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASPO has high quality earnings.

Growing Profit Margin: ASPO's current net profit margins (2.4%) are lower than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: ASPO's earnings have declined by 6.2% per year over the past 5 years.

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

Earnings vs Industry: ASPO had negative earnings growth (-18.6%) over the past year, making it difficult to compare to the Industrials industry average (4%).


Return on Equity

High ROE: ASPO's Return on Equity (11.8%) is considered low.


Next Steps

Financial Health

How is Aspo Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ASPO's short term assets (€137.9M) exceed its short term liabilities (€109.8M).

Long Term Liabilities: ASPO's short term assets (€137.9M) do not cover its long term liabilities (€160.8M).


Debt to Equity History and Analysis

Debt Level: ASPO's debt to equity ratio (160%) is considered high.

Reducing Debt: ASPO's debt to equity ratio has increased from 122.9% to 160% over the past 5 years.

Debt Coverage: ASPO's debt is well covered by operating cash flow (35.8%).

Interest Coverage: ASPO's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Aspo Oyj current dividend yield, its reliability and sustainability?

4.10%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ASPO's dividend (4.1%) is higher than the bottom 25% of dividend payers in the Finnish market (1.86%).

High Dividend: ASPO's dividend (4.1%) is in the top 25% of dividend payers in the Finnish market (3.95%)


Stability and Growth of Payments

Stable Dividend: ASPO's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASPO's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.8%), ASPO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASPO's dividends in 3 years are forecast to be covered by earnings (55% payout ratio).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Aki Ojanen (59 yo)

12.17yrs

Tenure

€716,000

Compensation

Mr. Aki Ojanen, EMBA has been the Chief Executive Officer at Aspo Oyj (Alternate Name: Aspo PLC), an affiliate of Telko Ltd., since January 1, 2009. Mr. Ojanen serves as the Chief Executive Officer of Aspo...


CEO Compensation Analysis

Compensation vs Market: Aki's total compensation ($USD849.25K) is above average for companies of similar size in the Finnish market ($USD565.28K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Aki Ojanen
Chief Executive Officer12.17yrs€716.00k0.22%
€ 571.4k
Arto Meitsalo
Chief Financial Officer12.17yrsno data0.18%
€ 489.3k
Toni Santalahti
Head of Legal Affairs & Secretary to the Board4yrsno data0.065%
€ 173.2k
Heli Arantola
Managing Director of Leipurin Oyj1.17yrsno datano data
Keijo Keränen
Group Treasurer1yrno data0.084%
€ 223.6k
Matti-Mikael Koskinen
Managing Director of ESL Shipping Ltd7.83yrsno data0.17%
€ 449.1k

5.9yrs

Average Tenure

50yo

Average Age

Experienced Management: ASPO's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Heikki Westerlund
Director0.83yrno data0.048%
€ 127.2k
Gustav Nyberg
Independent Chairman12.17yrs€67.00k2.72%
€ 7.2m
Marja Kaario
Independent Vice Chairman3.17yrs€54.00k0.032%
€ 84.8k
Mikael Laine
Independent Director4.92yrs€37.00k0.032%
€ 84.8k
Tatu Vehmas
Independent Director2.92yrs€35.00k0%
€ 0
Salla Pöyry
Independent Director4.92yrs€37.00k0.0032%
€ 8.5k

4.0yrs

Average Tenure

55yo

Average Age

Experienced Board: ASPO's board of directors are considered experienced (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

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


Key Information

  • Name: Aspo Oyj
  • Ticker: ASPO
  • Exchange: HLSE
  • Founded: 1929
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €265.069m
  • Shares outstanding: 31.26m
  • Website: https://www.aspo.com

Number of Employees


Location

  • Aspo Oyj
  • Mikonkatu 13 A, 7 krs
  • P.O. Box 499
  • Helsinki
  • Uusimaa
  • 101
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASPOHLSE (OMX Nordic Exchange Helsinki)YesRegistered SharesFIEUROct 1999
0J8SLSE (London Stock Exchange)YesRegistered SharesGBEUROct 1999
ASPOHBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 1999

Biography

Aspo Oyj owns and develops corporate brands in Finland, Scandinavia, the Baltic countries, Russia, Ukraine, other CIS countries, and internationally. The company operates through ESL Shipping, Leipurin, Te...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 19:36
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.