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Enedo Oyj HLSE:ENEDO Stock Report

Last Price


Market Cap







06 Aug, 2022


Company Financials +
ENEDO fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance0/6
Financial Health1/6

ENEDO Stock Overview

Enedo Oyj engages in the design, manufacture, and sale of custom and standard DC power systems, AC/DC power supplies, and LED drivers for telecom, industrial, medical, lighting, utility, railway, and military industries.

Enedo Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enedo Oyj
Historical stock prices
Current Share Price€0.26
52 Week High€0.48
52 Week Low€0.23
1 Month Change-6.83%
3 Month Change-23.37%
1 Year Change-43.70%
3 Year Change-91.22%
5 Year Change-99.20%
Change since IPO-99.57%

Recent News & Updates

Shareholder Returns

ENEDOFI ElectricalFI Market

Return vs Industry: ENEDO underperformed the Finnish Electrical industry which returned -16.2% over the past year.

Return vs Market: ENEDO underperformed the Finnish Market which returned -20.2% over the past year.

Price Volatility

Is ENEDO's price volatile compared to industry and market?
ENEDO volatility
ENEDO Average Weekly Movement7.0%
Electrical Industry Average Movement6.8%
Market Average Movement5.0%
10% most volatile stocks in FI Market9.0%
10% least volatile stocks in FI Market3.4%

Stable Share Price: ENEDO is more volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ENEDO's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

1975330Mikael Fryklund

Enedo Oyj engages in the design, manufacture, and sale of custom and standard DC power systems, AC/DC power supplies, and LED drivers for telecom, industrial, medical, lighting, utility, railway, and military industries. It offers power system products, such as DC, AC, and rail power systems, as well as power system components, legacy products, and custom solutions; power supply products, including AC/DC, configurable multi-output, high power LED, and medical grade power supplies, as well as battery chargers, DC UPS back-up power products, DC/DC converters, DC/AC inverters, and custom solutions. The company also provides constant current, constant voltage, and programmable LED drivers, as well as legacy products and custom solutions.

Enedo Oyj Fundamentals Summary

How do Enedo Oyj's earnings and revenue compare to its market cap?
ENEDO fundamental statistics
Market Cap€17.73m
Earnings (TTM)-€4.50m
Revenue (TTM)€36.63m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENEDO income statement (TTM)
Cost of Revenue€24.64m
Gross Profit€12.00m
Other Expenses€16.50m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)-0.066
Gross Margin32.75%
Net Profit Margin-12.29%
Debt/Equity Ratio215.1%

How did ENEDO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ENEDO 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/EBITDA-5.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ENEDO's PS Ratio compare to its peers?

ENEDO PS Ratio vs Peers
The above table shows the PS ratio for ENEDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.2x
REKA Reka Industrial Oyj
MERUS Merus Power Oyj
KELAS Kesla Oyj
ELEAV Elecster Oyj
ENEDO Enedo Oyj

Price-To-Sales vs Peers: ENEDO is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.2x).

Price to Earnings Ratio vs Industry

How does ENEDO's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Sales vs Industry: ENEDO is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Electrical industry average (1.9x)

Price to Sales Ratio vs Fair Ratio

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

ENEDO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: ENEDO is expensive based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Share Price vs Fair Value

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

Below Fair Value: ENEDO (€0.26) is trading below our estimate of fair value (€0.52)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENEDO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: ENEDO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ENEDO is expected to become profitable in the next 3 years.

Revenue vs Market: ENEDO's revenue (10% per year) is forecast to grow faster than the Finnish market (1.6% per year).

High Growth Revenue: ENEDO's revenue (10% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENEDO's Return on Equity is forecast to be low in 3 years time (13.6%).

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Past Performance

How has Enedo Oyj performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENEDO is currently unprofitable.

Growing Profit Margin: ENEDO is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ENEDO is unprofitable, but has reduced losses over the past 5 years at a rate of 15.6% per year.

Accelerating Growth: Unable to compare ENEDO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ENEDO is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (30.8%).

Return on Equity

High ROE: ENEDO has a negative Return on Equity (-97.51%), as it is currently unprofitable.

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Financial Health

How is Enedo Oyj's financial position?

Financial Health Score


Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ENEDO's short term assets (€17.3M) do not cover its short term liabilities (€22.9M).

Long Term Liabilities: ENEDO's short term assets (€17.3M) exceed its long term liabilities (€4.0M).

Debt to Equity History and Analysis

Debt Level: ENEDO's net debt to equity ratio (156.1%) is considered high.

Reducing Debt: ENEDO's debt to equity ratio has increased from 180.2% to 215.1% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ENEDO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ENEDO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ENEDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENEDO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ENEDO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENEDO's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENEDO has not reported any payouts.

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


Average board tenure


Mikael Fryklund (59 yo)





Mr. Mikael Fryklund, M. Sc. Eng., B. Sc. serves as an Interim Chief Executive Officer at Enedo Oyj since June 8, 2021 and also serves its Interim President since June 2021. Mr. Fryklund served as President...

Board Members

Experienced Board: ENEDO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Enedo Oyj's employee growth, exchange listings and data sources

Key Information

  • Name: Enedo Oyj
  • Ticker: ENEDO
  • Exchange: HLSE
  • Founded: 1975
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: €17.730m
  • Shares outstanding: 68.45m
  • Website:

Number of Employees


  • Enedo Oyj
  • Martinkyläntie 43
  • Vantaa
  • Uusimaa
  • 1720
  • Finland


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
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.