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ASPO

Aspo Oyj HLSE:ASPO Stock Report

Last Price

€7.95

Market Cap

€249.3m

7D

1.5%

1Y

-16.0%

Updated

29 Jun, 2022

Data

Company Financials +
ASPO fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends3/6

ASPO Stock Overview

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

Aspo Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aspo Oyj
Historical stock prices
Current Share Price€7.95
52 Week High€13.50
52 Week Low€6.09
Beta1.12
1 Month Change6.28%
3 Month Change12.29%
1 Year Change-15.96%
3 Year Change-13.40%
5 Year Change-12.64%
Change since IPO445.14%

Recent News & Updates

Shareholder Returns

ASPOFI IndustrialsFI Market
7D1.5%0.2%1.0%
1Y-16.0%-20.0%-17.7%

Return vs Industry: ASPO exceeded the Finnish Industrials industry which returned -18.8% over the past year.

Return vs Market: ASPO matched the Finnish Market which returned -17% over the past year.

Price Volatility

Is ASPO's price volatile compared to industry and market?
ASPO volatility
ASPO Average Weekly Movement5.5%
Industrials Industry Average Movement5.4%
Market Average Movement5.3%
10% most volatile stocks in FI Market8.4%
10% least volatile stocks in FI Market3.4%

Stable Share Price: ASPO is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASPO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1929904Rolf Janssonhttps://www.aspo.com

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, and Telko segments. The company’s ESL Shipping segment conducts sea transportation of raw materials for industry and the energy sector; and offers related services.

Aspo Oyj Fundamentals Summary

How do Aspo Oyj's earnings and revenue compare to its market cap?
ASPO fundamental statistics
Market Cap€249.29m
Earnings (TTM)€27.82m
Revenue (TTM)€604.29m

9.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASPO income statement (TTM)
Revenue€604.29m
Cost of Revenue€371.02m
Gross Profit€233.27m
Other Expenses€205.45m
Earnings€27.82m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.89
Gross Margin38.60%
Net Profit Margin4.60%
Debt/Equity Ratio133.0%

How did ASPO perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASPO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASPO?

Other financial metrics that can be useful for relative valuation.

ASPO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA7x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does ASPO's PE Ratio compare to its peers?

ASPO PE Ratio vs Peers
The above table shows the PE ratio for ASPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.8x
SITOWS Sitowise Group Oyj
18.7x15.7%€182.1m
RELAIS Relais Group Oyj
47x20.7%€290.1m
KREATE Kreate Group Oyj
9.4x9.7%€73.5m
PON1V Ponsse Oyj
12.2x13.0%€702.8m
ASPO Aspo Oyj
9x11.8%€249.3m

Price-To-Earnings vs Peers: ASPO is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does ASPO's PE Ratio compare vs other companies in the European Industrials Industry?

Price-To-Earnings vs Industry: ASPO is good value based on its Price-To-Earnings Ratio (9x) compared to the European Industrials industry average (16.2x)


Price to Earnings Ratio vs Fair Ratio

What is ASPO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: ASPO is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Share Price vs Fair Value

What is the Fair Price of ASPO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASPO (€7.95) is trading below our estimate of fair value (€19.39)

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


Price to Earnings Growth Ratio

PEG Ratio: ASPO is good value based on its PEG Ratio (0.8x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASPO's forecast earnings growth (11.8% per year) is above the savings rate (0.2%).

Earnings vs Market: ASPO's earnings (11.8% per year) are forecast to grow faster than the Finnish market (7.9% per year).

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

Revenue vs Market: ASPO's revenue (0.03% per year) is forecast to grow slower than the Finnish market (1.9% per year).

High Growth Revenue: ASPO's revenue (0.03% 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 (22.5%)


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Past Performance

How has Aspo Oyj performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASPO has high quality earnings.

Growing Profit Margin: ASPO's current net profit margins (4.6%) are higher than last year (2.8%).


Past Earnings Growth Analysis

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

Accelerating Growth: ASPO's earnings growth over the past year (112%) exceeds its 5-year average (5% per year).

Earnings vs Industry: ASPO earnings growth over the past year (112%) exceeded the Industrials industry 50%.


Return on Equity

High ROE: Whilst ASPO's Return on Equity (21.75%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Aspo Oyj's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASPO's short term assets (€193.4M) exceed its short term liabilities (€141.2M).

Long Term Liabilities: ASPO's short term assets (€193.4M) exceed its long term liabilities (€154.7M).


Debt to Equity History and Analysis

Debt Level: ASPO's net debt to equity ratio (102.2%) is considered high.

Reducing Debt: ASPO's debt to equity ratio has increased from 106.3% to 133% over the past 5 years.

Debt Coverage: ASPO's debt is well covered by operating cash flow (29.5%).

Interest Coverage: ASPO's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.89%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASPO's dividend (2.89%) is higher than the bottom 25% of dividend payers in the Finnish market (2.46%).

High Dividend: ASPO's dividend (2.89%) is low compared to the top 25% of dividend payers in the Finnish market (4.95%).


Stability and Growth of Payments

Stable Dividend: ASPO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ASPO has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.8%), ASPO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (20.2%), ASPO's dividend payments are well covered by cash flows.


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Management

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

2.4yrs

Average management tenure


CEO

Rolf Jansson (52 yo)

0.83

Tenure

€444,719

Compensation

Mr. Rolf Jansson, M.Sc. (Eng.), M.Sc. (Econ.), served as President and CEO of VR-Yhtymä Oyj until August 04, 2021. He serves as Chairman of Telko Oy since 2021. He serves as Group Chief Executive Officer...


CEO Compensation Analysis

Compensation vs Market: Rolf's total compensation ($USD465.63K) is about average for companies of similar size in the Finnish market ($USD468.08K).

Compensation vs Earnings: Insufficient data to compare Rolf's compensation with company performance.


Leadership Team

Experienced Management: ASPO's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: ASPO's board of directors are considered experienced (4.2 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 employee growth, exchange listings and data sources


Key Information

  • Name: Aspo Oyj
  • Ticker: ASPO
  • Exchange: HLSE
  • Founded: 1929
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: €249.292m
  • Shares outstanding: 31.36m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.