HLSE:CONSTI

Stock Analysis Report

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Executive Summary

Consti Oyj provides renovation and technical building services in Finland. More Details


Snowflake Analysis

Proven track record with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CONSTI is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CONSTI's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

CONSTI

-0.1%

FI Construction

-1.4%

FI Market


1 Year Return

72.7%

CONSTI

11.9%

FI Construction

29.3%

FI Market

Return vs Industry: CONSTI exceeded the Finnish Construction industry which returned 0.9% over the past year.

Return vs Market: CONSTI exceeded the Finnish Market which returned 18.5% over the past year.


Shareholder returns

CONSTIIndustryMarket
7 Day-0.8%-0.1%-1.4%
30 Day10.7%2.0%-1.4%
90 Day31.3%3.9%3.1%
1 Year76.7%72.7%14.5%11.9%38.8%29.3%
3 Year55.9%52.4%7.3%-2.3%31.2%8.2%
5 Year32.9%21.0%29.4%11.5%72.1%34.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CONSTI (€12.7) is trading below our estimate of fair value (€14.46)

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


Price To Earnings Ratio

PE vs Industry: CONSTI is poor value based on its PE Ratio (19x) compared to the XE Construction industry average (13.9x).

PE vs Market: CONSTI is good value based on its PE Ratio (19x) compared to the Finnish market (27.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CONSTI is overvalued based on its PB Ratio (2.9x) compared to the XE Construction industry average (1.3x).


Next Steps

Future Growth

How is Consti Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CONSTI's forecast earnings growth (17.6% per year) is above the savings rate (0.3%).

Earnings vs Market: CONSTI's earnings (17.6% per year) are forecast to grow faster than the Finnish market (16.3% per year).

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

Revenue vs Market: CONSTI's revenue (2.5% per year) is forecast to grow slower than the Finnish market (3.8% per year).

High Growth Revenue: CONSTI's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CONSTI's Return on Equity is forecast to be high in 3 years time (21.9%)


Next Steps

Past Performance

How has Consti Oyj performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONSTI has high quality earnings.

Growing Profit Margin: CONSTI's current net profit margins (1.9%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: CONSTI's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: CONSTI's earnings growth over the past year (119.2%) exceeds its 5-year average (-19.9% per year).

Earnings vs Industry: CONSTI earnings growth over the past year (119.2%) exceeded the Construction industry 0.7%.


Return on Equity

High ROE: CONSTI's Return on Equity (16.9%) is considered low.


Next Steps

Financial Health

How is Consti Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: CONSTI's short term assets (€74.2M) do not cover its short term liabilities (€77.1M).

Long Term Liabilities: CONSTI's short term assets (€74.2M) exceed its long term liabilities (€17.9M).


Debt to Equity History and Analysis

Debt Level: CONSTI's debt to equity ratio (78.9%) is considered high.

Reducing Debt: CONSTI's debt to equity ratio has reduced from 81.5% to 78.9% over the past 5 years.

Debt Coverage: CONSTI's debt is well covered by operating cash flow (67.3%).

Interest Coverage: CONSTI's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


Next Steps

Dividend

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

3.09%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CONSTI's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Finnish market (1.87%).

High Dividend: CONSTI's dividend (3.15%) is low compared to the top 25% of dividend payers in the Finnish market (3.95%).


Stability and Growth of Payments

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

Growing Dividend: CONSTI's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.8%), CONSTI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CONSTI's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Esa Korkeela (48 yo)

3.5yrs

Tenure

€353,000

Compensation

Mr. Esa Korkeela, M.Sc. (econ.), M.Sc., has been Chief Executive Officer of Consti Oyj (formerly known as Consti Yhtiöt Oyj) since December 21, 2017 and served as its Chief Financial Officer since 2009 unt...


CEO Compensation Analysis

Compensation vs Market: Esa's total compensation ($USD420.54K) is above average for companies of similar size in the Finnish market ($USD318.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Esa Korkeela
Chief Executive Officer3.5yrs€353.00k5.67%
€ 5.6m
Joni Sorsanen
Chief Financial Officer3yrsno data0.16%
€ 155.4k
Heikki Untamala
Chief Legal Officer1.83yrsno datano data
Turo Turja
Human Resources Director2.58yrsno datano data

2.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: CONSTI's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erkki Norvio
Independent Director13.17yrs€24.00kno data
Tapio Hakakari
Independent Chairman of the Board5.75yrs€36.00k1.12%
€ 1.1m
Petri Rignell
Independent Director13.17yrs€24.00k0.33%
€ 325.0k
Pekka Salokangas
Independent Director9.17yrs€24.00k0.29%
€ 284.9k
Anne Westersund
Independent Director1.92yrs€18.00kno data
Johan Westermarck
Independent Director0.92yrno datano data

7.5yrs

Average Tenure

59yo

Average Age

Experienced Board: CONSTI's board of directors are considered experienced (7.5 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

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


Key Information

  • Name: Consti Oyj
  • Ticker: CONSTI
  • Exchange: HLSE
  • Founded: 2006
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €99.095m
  • Shares outstanding: 7.65m
  • Website: https://www.consti.fi

Number of Employees


Location

  • Consti Oyj
  • Hopeatie 2
  • 6th Floor
  • Helsinki
  • Uusimaa
  • 440
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CONSTIHLSE (OMX Nordic Exchange Helsinki)YesCommon SharesFIEURDec 2015
0RD9LSE (London Stock Exchange)YesCommon SharesGBEURDec 2015
CONSTHBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURDec 2015

Biography

Consti Oyj provides renovation and technical building services in Finland. The company offers technical building services, residential pipeline renovation, renovation contracting, building façade repair an...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 19:49
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.