HLSE:CRA1V

Stock Analysis Report

Executive Summary

Cramo Oyj, a service company, engages in the rental of equipment and modular spaces.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

CRA1V

0.4%

FI Trade Distributors

0.8%

FI Market


1 Year Return

-44.9%

CRA1V

6.4%

FI Trade Distributors

5.5%

FI Market

Return vs Industry: CRA1V underperformed the Finnish Trade Distributors industry which returned 6.4% over the past year.

Return vs Market: CRA1V underperformed the Finnish Market which returned 5.5% over the past year.


Shareholder returns

CRA1VIndustryMarket
7 Day2.8%0.4%0.8%
30 Day6.4%-0.3%0.6%
90 Day19.0%2.7%2.7%
1 Year26.1%-44.9%11.0%6.4%10.4%5.5%
3 Year-4.5%-61.7%34.7%21.9%29.6%14.2%
5 Year121.8%-17.1%77.8%53.2%62.9%31.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRA1V (€9.63) is trading below our estimate of fair value (€11.45)

Significantly Below Fair Value: CRA1V is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CRA1V is good value based on its PE Ratio (5.6x) compared to the Trade Distributors industry average (14.4x).

PE vs Market: CRA1V is good value based on its PE Ratio (5.6x) compared to the Finnish market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: CRA1V is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: CRA1V is good value based on its PB Ratio (1.1x) compared to the XE Trade Distributors industry average (1.1x).


Next Steps

Future Growth

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

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRA1V's forecast earnings growth (3.4% per year) is above the savings rate (0.5%).

Earnings vs Market: CRA1V's earnings (3.4% per year) are forecast to grow slower than the Finnish market (13.4% per year).

High Growth Earnings: CRA1V's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRA1V's revenue is expected to decline over the next 3 years (-1.4% per year).

High Growth Revenue: CRA1V's revenue is forecast to decline over the next 3 years (-1.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRA1V's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Cramo Oyj performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CRA1V's earnings have grown significantly by 21.7% per year over the past 5 years.

Accelerating Growth: CRA1V's earnings growth over the past year (1.7%) is below its 5-year average (21.7% per year).

Earnings vs Industry: CRA1V earnings growth over the past year (1.7%) underperformed the Trade Distributors industry 7.5%.


Return on Equity

High ROE: CRA1V's Return on Equity (20.3%) is considered high.


Return on Assets

ROA vs Industry: CRA1V has a higher Return on Assets than the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: CRA1V has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Cramo Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: CRA1V's short term assets (€168.8M) do not cover its short term liabilities (€266.2M)

Long Term Liabilities: CRA1V's short term assets (168.8M) do not cover its long term liabilities (378.3M)


Debt to Equity History and Analysis

Debt Level: CRA1V's debt to equity ratio (97.7%) is considered high

Reducing Debt: CRA1V's debt to equity ratio has increased from 84.7% to 97.7% over the past 5 years.

Debt Coverage: CRA1V's debt is well covered by operating cash flow (60.8%).

Interest Coverage: CRA1V's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet

Inventory Level: CRA1V has a high level of physical assets or inventory.

Debt Coverage by Assets: CRA1V's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

9.35%

Current Dividend Yield


Dividend Yield vs Market

company9.3%marketbottom25%2.2%markettop25%5.1%industryaverage2.6%forecastin3Years6.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CRA1V's dividend (9.35%) is higher than the bottom 25% of dividend payers in the Finnish market (2.24%).

High Dividend: CRA1V's dividend (9.35%) is in the top 25% of dividend payers in the Finnish market (5.06%)

Stable Dividend: CRA1V's dividend payments have been volatile in the past 10 years.

Growing Dividend: CRA1V's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), CRA1V's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRA1V's dividends in 3 years are forecast to be well covered by earnings (48.2% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Leif Gustafsson (52yo)

3.8yrs

Tenure

0

Mr. Leif S. Gustafsson has been the Chief Executive Officer and President at Cramo Oyj since January 1, 2016. Mr. Gustafsson serves as a Head of Business Area Recycling - Stena Recycling at Stena Metall AB ...


Management Age and Tenure

2.5yrs

Average Tenure

47.5yo

Average Age

Experienced Management: CRA1V's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

59yo

Average Age

Experienced Board: CRA1V's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jukka Kotakorpi

    Managing Director of Production Units Tilamarkkinat Oy

    • Tenure: 0yrs
  • Tatu Hauhio (49yo)

    Executive Vice President of Finland & Eastern Europe

    • Tenure: 13.8yrs
  • Leif Gustafsson (52yo)

    President & CEO

    • Tenure: 3.8yrs
  • Martin Holmgren (52yo)

    Senior Vice President of Fleet Management

    • Tenure: 6.8yrs
  • Aku Rumpunen (45yo)

    Chief Financial Officer

    • Tenure: 2.8yrs
  • Sohana Josefsson (46yo)

    Senior Vice President of Marketing & Communications

    • Tenure: 0.5yrs
  • Hartwig Finger

    Executive Vice President of Central Europe

    • Tenure: 1.3yrs
  • Camilla Hensäter

    Interim Senior Vice President of Modular Space

    • Tenure: 2.5yrs
  • Mika Kouhi

    Senior Vice President of M&A and Corporate Development

    • Tenure: 1.1yrs
  • Joakim Schedvins (43yo)

    Acting Head of Equipment Rental Scandinavia

    • Tenure: 0.5yrs

Board Members

  • Veli-Matti Reinikkala (62yo)

    Chairman

    • Tenure: 2.6yrs
  • Joakim Rubin (59yo)

    Director

    • Tenure: 4.8yrs
  • AnnaCarin Grandin (52yo)

    Director

    • Tenure: 1.6yrs
  • Peter Nilsson (57yo)

    Deputy Chairman

    • Tenure: 0.6yrs
  • Raimo Seppänen (63yo)

    Director

    • Tenure: 5.8yrs
  • Andrew Studdert (63yo)

    Director

    • Tenure: 0.6yrs
  • Christian Bubenheim (54yo)

    Director

    • Tenure: 0.6yrs

Company Information

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


Key Information

  • Name: Cramo Oyj
  • Ticker: CRA1V
  • Exchange: HLSE
  • Founded: 1953
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €430.294m
  • Shares outstanding: 44.68m
  • Website: https://www.cramogroup.com

Number of Employees


Location

  • Cramo Oyj
  • Kalliosolantie 2
  • Vantaa
  • 1740
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRA1VHLSE (OMX Nordic Exchange Helsinki)YesSeries B SharesFIEURDec 1992
CRA1VHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBEURDec 1992
RAONDB (Deutsche Boerse AG)YesSeries B SharesDEEURDec 1992

Biography

Cramo Oyj, a service company, engages in the rental of equipment and modular spaces. The company operates through Equipment Rental, Scandinavia; Equipment Rental, Finland and Eastern Europe; Equipment Rent ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:38
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.