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Consti Yhtiöt Oyj

HLSE:CONSTI
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CONSTI
HLSE
€40M
Market Cap
  1. Home
  2. FI
  3. Capital Goods
Company description

Consti Yhtiöt Oyj provides renovation and technical building services in Finland. The last earnings update was 24 days ago. More info.


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CONSTI Share Price and Events
7 Day Returns
-2.3%
HLSE:CONSTI
2%
Europe Construction
1.8%
FI Market
1 Year Returns
-38.8%
HLSE:CONSTI
-7.5%
Europe Construction
-6.7%
FI Market
CONSTI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Consti Yhtiöt Oyj (CONSTI) -2.3% -5.8% 1.6% -38.8% -54.8% -
Europe Construction 2% -3.2% 3.4% -7.5% 10.2% 8.7%
FI Market 1.8% -3.9% -2.3% -6.7% 24.4% 27%
1 Year Return vs Industry and Market
  • CONSTI underperformed the Construction industry which returned -7.5% over the past year.
  • CONSTI underperformed the Market in Finland which returned -6.7% over the past year.
Price Volatility
CONSTI
Industry
5yr Volatility vs Market

Value

 Is Consti Yhtiöt Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Consti Yhtiöt Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Consti Yhtiöt Oyj.

HLSE:CONSTI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:CONSTI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 20%) (70.55%))
1.361
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.361 * 6.51%)
9.4%

Discounted Cash Flow Calculation for HLSE:CONSTI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Consti Yhtiöt Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:CONSTI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.4%)
2019 3.50 Analyst x2 3.20
2020 4.70 Analyst x4 3.93
2021 7.88 Analyst x4 6.01
2022 8.90 Analyst x2 6.21
2023 9.85 Analyst x2 6.29
2024 10.57 Est @ 7.26% 6.16
2025 11.12 Est @ 5.24% 5.93
2026 11.55 Est @ 3.83% 5.63
2027 11.87 Est @ 2.84% 5.29
2028 12.13 Est @ 2.15% 4.94
Present value of next 10 years cash flows €53.59
HLSE:CONSTI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €12.13 × (1 + 0.54%) ÷ (9.4% – 0.54%)
€137.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €137.66 ÷ (1 + 9.4%)10
€56.06
HLSE:CONSTI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €53.59 + €56.06
€109.65
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €109.65 / 7.69
€14.27
HLSE:CONSTI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €14.27
Current discount Discount to share price of €5.18
= -1 x (€5.18 - €14.27) / €14.27
63.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Consti Yhtiöt Oyj is available for.
Intrinsic value
>50%
Share price is €5.18 vs Future cash flow value of €14.27
Current Discount Checks
For Consti Yhtiöt Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Consti Yhtiöt Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Consti Yhtiöt Oyj's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Consti Yhtiöt Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Consti Yhtiöt Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:CONSTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.33
HLSE:CONSTI Share Price ** HLSE (2019-05-20) in EUR €5.18
Europe Construction Industry PE Ratio Median Figure of 97 Publicly-Listed Construction Companies 10.69x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Consti Yhtiöt Oyj.

HLSE:CONSTI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:CONSTI Share Price ÷ EPS (both in EUR)

= 5.18 ÷ -0.33

-15.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Consti Yhtiöt Oyj is loss making, we can't compare its value to the Europe Construction industry average.
  • Consti Yhtiöt Oyj is loss making, we can't compare the value of its earnings to the Finland market.
Price based on expected Growth
Does Consti Yhtiöt Oyj's expected growth come at a high price?
Raw Data
HLSE:CONSTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
54.6%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.12x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Consti Yhtiöt Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Consti Yhtiöt Oyj's assets?
Raw Data
HLSE:CONSTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.40
HLSE:CONSTI Share Price * HLSE (2019-05-20) in EUR €5.18
Europe Construction Industry PB Ratio Median Figure of 132 Publicly-Listed Construction Companies 1.13x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.9x
HLSE:CONSTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:CONSTI Share Price ÷ Book Value per Share (both in EUR)

= 5.18 ÷ 3.40

1.53x

* Primary Listing of Consti Yhtiöt Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Consti Yhtiöt Oyj is overvalued based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Consti Yhtiöt Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Consti Yhtiöt Oyj has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
54.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Consti Yhtiöt Oyj expected to grow at an attractive rate?
  • Consti Yhtiöt Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Consti Yhtiöt Oyj's earnings growth is expected to exceed the Finland market average.
  • Consti Yhtiöt Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:CONSTI Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:CONSTI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 54.6%
HLSE:CONSTI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.2%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:CONSTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:CONSTI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 361 12 1
2022-12-31 356 11 2
2021-12-31 351 11 8 4
2020-12-31 343 8 6 4
2019-12-31 332 6 4 4
HLSE:CONSTI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 327 -2 -3
2018-12-31 316 -7 -2
2018-09-30 305 -7 -3
2018-06-30 304 0 -2
2018-03-31 305 2 -1
2017-12-31 300 9 -1
2017-09-30 289 6 5
2017-06-30 281 10 8
2017-03-31 267 7 8
2016-12-31 262 11 8
2016-09-30 262 12 7
2016-06-30 261 6 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Consti Yhtiöt Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Consti Yhtiöt Oyj's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:CONSTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Consti Yhtiöt Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CONSTI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.14 1.18 1.10 2.00
2020-12-31 0.85 0.96 0.66 3.00
2019-12-31 0.52 0.60 0.45 3.00
HLSE:CONSTI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.33
2018-12-31 -0.30
2018-09-30 -0.35
2018-06-30 -0.28
2018-03-31 -0.18
2017-12-31 -0.14
2017-09-30 0.60
2017-06-30 1.07
2017-03-31 1.06
2016-12-31 1.05
2016-09-30 0.89
2016-06-30 0.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Consti Yhtiöt Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Consti Yhtiöt Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Consti Yhtiöt Oyj has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Consti Yhtiöt Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Consti Yhtiöt Oyj's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Consti Yhtiöt Oyj does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Consti Yhtiöt Oyj's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Consti Yhtiöt Oyj's 1-year growth to the Europe Construction industry average as it is not currently profitable.
Earnings and Revenue History
Consti Yhtiöt Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Consti Yhtiöt Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CONSTI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 326.98 -2.53 63.89
2018-12-31 315.76 -2.33 64.15
2018-09-30 305.28 -2.70 64.37
2018-06-30 304.17 -2.18 64.44
2018-03-31 305.20 -1.38 64.00
2017-12-31 300.20 -1.07 61.99
2017-09-30 288.73 4.61 59.17
2017-06-30 281.46 8.19 57.02
2017-03-31 267.46 8.07 55.08
2016-12-31 261.56 7.98 54.66
2016-09-30 261.67 6.80 54.95
2016-06-30 261.48 5.25 54.34
2016-03-31 260.02 4.22 53.80
2015-12-31 256.15 3.26 53.16
2015-09-30 251.07 2.36 52.12
2014-12-31 215.93 1.98 46.59
2013-12-31 171.88 0.29 39.81
2012-12-31 141.87 -6.53 35.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Consti Yhtiöt Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Consti Yhtiöt Oyj has efficiently used its assets last year compared to the Europe Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Consti Yhtiöt Oyj improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Consti Yhtiöt Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Consti Yhtiöt Oyj has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Consti Yhtiöt Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Consti Yhtiöt Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Consti Yhtiöt Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Consti Yhtiöt Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Consti Yhtiöt Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Consti Yhtiöt Oyj Company Filings, last reported 1 month ago.

HLSE:CONSTI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 26.10 28.09 4.09
2018-12-31 23.42 22.79 3.20
2018-09-30 25.26 23.14 0.68
2018-06-30 26.48 23.17 4.72
2018-03-31 25.20 23.80 3.50
2017-12-31 25.28 21.72 9.65
2017-09-30 27.59 21.37 7.97
2017-06-30 28.21 21.31 5.80
2017-03-31 30.28 21.29 6.26
2016-12-31 29.64 21.40 9.30
2016-09-30 26.16 21.27 9.60
2016-06-30 23.37 21.51 3.73
2016-03-31 24.46 21.37 6.36
2015-12-31 24.54 21.48 4.07
2015-09-30 21.94 21.50 2.06
2014-12-31 0.47 54.60 10.32
2013-12-31 -1.25 55.42 1.03
2012-12-31 -12.71 50.18 1.56
  • Consti Yhtiöt Oyj's level of debt (107.6%) compared to net worth is high (greater than 40%).
  • Consti Yhtiöt Oyj had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Consti Yhtiöt Oyj's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Consti Yhtiöt Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Consti Yhtiöt Oyj has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Consti Yhtiöt Oyj dividends. Estimated to be 7.64% next year.
If you bought €2,000 of Consti Yhtiöt Oyj shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Consti Yhtiöt Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Consti Yhtiöt Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:CONSTI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.7%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:CONSTI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.51 4.00
2020-12-31 0.36 3.00
2019-12-31 0.23 2.00
HLSE:CONSTI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-10-26 0.000 0.000
2018-07-26 0.000 0.000
2018-04-27 0.000 0.000
2018-02-15 0.000 0.000
2017-02-16 0.540 4.309
2016-03-16 0.390 2.933
2016-02-18 0.390 4.033

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Consti Yhtiöt Oyj has not reported any payouts.
  • Unable to verify if Consti Yhtiöt Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Consti Yhtiöt Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Consti Yhtiöt Oyj has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Consti Yhtiöt Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Consti Yhtiöt Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Consti Yhtiöt Oyj has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Consti Yhtiöt Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Esa Korkeela
COMPENSATION €271,000
AGE 46
CEO Bio

Mr. Esa Korkeela, M.Sc. (econ.), M.Sc., has been Chief Executive Officer of Consti Yhtiöt Oyj since December 21, 2017 and served as its Chief Financial Officer since 2009. Mr. Korkeela served as Interim Chief Executive Officer of Consti Yhtiöt Oyj since September 26, 2017 until December 2017. He served as the Chief Financial Officer of JRH Rakennushuolto Ltd. since 1995 until 2009.

CEO Compensation
  • Insufficient data for Esa to compare compensation growth.
  • Esa's remuneration is higher than average for companies of similar size in Finland.
Management Team

Esa Korkeela

TITLE
Chief Executive Officer
COMPENSATION
€271K
AGE
46

Joni Sorsanen

TITLE
Chief Financial Officer
AGE
35
TENURE
1.2 yrs

Turo Turja

TITLE
Human Resources Director
AGE
51
TENURE
0.8 yrs

Heikki Untamala

TITLE
Chief Legal Officer
AGE
49
Board of Directors Tenure

Average tenure and age of the Consti Yhtiöt Oyj board of directors in years:

5.6
Average Tenure
56.5
Average Age
  • The tenure for the Consti Yhtiöt Oyj board of directors is about average.
Board of Directors

Tapio Hakakari

TITLE
Chairman of the Board
AGE
65
TENURE
3.9 yrs

Erkki Norvio

TITLE
Deputy Chairman of the Board
AGE
73
TENURE
0.1 yrs

Petri Rignell

TITLE
Independent Director
AGE
56
TENURE
11.3 yrs

Pekka Salokangas

TITLE
Independent Director
AGE
57
TENURE
7.3 yrs

Antti Korkeela

TITLE
Director
AGE
49
TENURE
7.3 yrs

Anne Westersund

TITLE
Director
AGE
54
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Consti Yhtiöt Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Consti Yhtiöt Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Consti Yhtiöt Oyj (HEL:CONSTI): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

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Can We See Significant Insider Ownership On The Consti Yhtiöt Oyj (HEL:CONSTI) Share Register?

The big shareholder groups in Consti Yhtiöt Oyj (HEL:CONSTI) have power over the company. … Consti Yhtiöt Oyj is not a large company by global standards. … View our latest analysis for Consti Yhtiöt Oyj

Simply Wall St -

Did Changing Sentiment Drive Consti Yhtiöt Oyj's Share Price Down By 44%?

Unfortunately, that's been the case for longer term Consti Yhtiöt Oyj (HEL:CONSTI) shareholders, since the share price is down 44% in the last three years, falling well short of the market return of around 41%. … During three years of share price growth, Consti Yhtiöt Oyj moved from a loss to profitability. … So given the share price is down it's worth checking some other metrics too.

Simply Wall St -

How Financially Strong Is Consti Yhtiöt Oyj (HEL:CONSTI)?

While small-cap stocks, such as Consti Yhtiöt Oyj (HEL:CONSTI) with its market cap of €44m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Since CONSTI is loss-making right now, … the current state of its operations and pathway to profitability.

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What Kind Of Investor Owns Most Of Consti Yhtiöt Oyj (HEL:CONSTI)?

The big shareholder groups in Consti Yhtiöt Oyj (HEL:CONSTI) have power over the company. … Consti Yhtiöt Oyj is not a large company by global standards. … View our latest analysis for Consti Yhtiöt Oyj

Simply Wall St -

Is Consti Yhtiöt Oyj (HEL:CONSTI) A Volatile Stock?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Who Are The Major Shareholders In Consti Yhtiöt Oyj (HEL:CONSTI)?

In this article, I will take a quick look at Consti Yhtiöt Oyj’s (HEL:CONSTI) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Consti Yhtiöt Oyj (HEL:CONSTI) Is Trading At A 47.08% Discount

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Investors Are Undervaluing Consti Yhtiöt Oyj (HEL:CONSTI) By 46%

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €2.25 €7.18 €9.07 €10.50 €10.85 Source Analyst x4 Analyst x4 Analyst x4 Analyst x2 Analyst x2 Present Value Discounted @ 8.76% €2.07 €6.07 €7.05 €7.51 €7.13 Present Value of 5-year Cash Flow (PVCF)= €30 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €11 × (1 + 0.8%) ÷ (8.8% – 0.8%) = €137 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €137 / ( 1 + 8.8%)5 = €90 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is €120. … HLSE:CONSTI Intrinsic Value May 22nd 18 The assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Is Consti Yhtiöt Oyj’s (HEL:CONSTI) Cash Outlook Optimistic?

There are two methods I will use to evaluate the quality of Consti Yhtiöt Oyj’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt Consti Yhtiöt Oyj’s yield of 1.43% indicates its sub-standard capacity to generate cash, compared to the stock market index as a whole, accounting for the size differential. … We can gauge this by looking at Consti Yhtiöt Oyj’s expected operating cash flows.

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Company Info

Description

Consti Yhtiöt Oyj provides renovation and technical building services in Finland. It offers residential pipeline renovation, renovation contracting, building façade repair and maintenance, and other renovation and technical services for residential, commercial, and public properties. The company also provides renovations, repairs, and building technology works for offices, business premises, and public buildings; and HVAC service and maintenance repairs for residential buildings and offices. Consti Yhtiöt Oyj was founded in 2006 and is headquartered in Helsinki, Finland.

Details
Name: Consti Yhtiöt Oyj
CONSTI
Exchange: HLSE
Founded: 2006
€39,809,522
7,685,236
Website: http://www.consti.fi
Address: Consti Yhtiöt Oyj
Hopeatie 2,
6th Floor,
Helsinki,
Uusimaa, 00440,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE CONSTI Common Shares OMX Nordic Exchange Helsinki FI EUR 11. Dec 2015
LSE 0RD9 Common Shares London Stock Exchange GB EUR 11. Dec 2015
Number of employees
Current staff
Staff numbers
1,016
Consti Yhtiöt Oyj employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:30
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.