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GLA1

Glaston Oyj Abp HLSE:GLA1V Stock Report

Last Price

€0.92

Market Cap

€77.7m

7D

8.5%

1Y

-11.8%

Updated

06 Aug, 2022

Data

Company Financials +
GLA1V fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends1/6

GLA1V Stock Overview

Glaston Oyj Abp manufactures and sells glass processing machines in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Glaston Oyj Abp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Glaston Oyj Abp
Historical stock prices
Current Share Price€0.92
52 Week High€1.40
52 Week Low€0.71
Beta1.3
1 Month Change8.98%
3 Month Change0.22%
1 Year Change-11.77%
3 Year Change-24.43%
5 Year Change-55.99%
Change since IPO-91.22%

Recent News & Updates

Shareholder Returns

GLA1VFI MachineryFI Market
7D8.5%-3.9%-1.1%
1Y-11.8%-34.1%-20.2%

Return vs Industry: GLA1V exceeded the Finnish Machinery industry which returned -34.1% over the past year.

Return vs Market: GLA1V exceeded the Finnish Market which returned -20.2% over the past year.

Price Volatility

Is GLA1V's price volatile compared to industry and market?
GLA1V volatility
GLA1V Average Weekly Movement4.9%
Machinery Industry Average Movement5.5%
Market Average Movement5.0%
10% most volatile stocks in FI Market9.0%
10% least volatile stocks in FI Market3.4%

Stable Share Price: GLA1V is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GLA1V's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1870761Anders Dahlblomhttps://glaston.net

Glaston Oyj Abp manufactures and sells glass processing machines in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Heat Treatment, Insulating Glass, and Automotive & Display Emerging Technologies. The company offers heat treatment machines, as well as spare parts for glass flat tempering, bending, and bending tempering and laminating; and maintenance, upgradation, and modernization services; and digital services, such as glass processing machine remote monitoring and fault analysis services, as well as consulting and engineering services for new areas of glass technology.

Glaston Oyj Abp Fundamentals Summary

How do Glaston Oyj Abp's earnings and revenue compare to its market cap?
GLA1V fundamental statistics
Market Cap€77.72m
Earnings (TTM)€3.01m
Revenue (TTM)€204.27m

25.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLA1V income statement (TTM)
Revenue€204.27m
Cost of Revenue€101.26m
Gross Profit€103.01m
Other Expenses€100.00m
Earnings€3.01m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)0.036
Gross Margin50.43%
Net Profit Margin1.47%
Debt/Equity Ratio44.5%

How did GLA1V perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GLA1V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 GLA1V?

Other financial metrics that can be useful for relative valuation.

GLA1V 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/Revenue0.5x
Enterprise Value/EBITDA10.4x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does GLA1V's PE Ratio compare to its peers?

GLA1V PE Ratio vs Peers
The above table shows the PE ratio for GLA1V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
EXL1V Exel Composites Oyj
35.7x16.4%€79.7m
KCR Konecranes
18.7x26.3%€2.0b
CGCBV Cargotec
8.1x11.2%€2.2b
VALMT Valmet Oyj
14.6x7.5%€4.7b
GLA1V Glaston Oyj Abp
25.8x32.9%€77.7m

Price-To-Earnings vs Peers: GLA1V is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does GLA1V's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: GLA1V is good value based on its Price-To-Earnings Ratio (25.8x) compared to the Finnish Machinery industry average (26.6x)


Price to Earnings Ratio vs Fair Ratio

What is GLA1V'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.

GLA1V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: GLA1V is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (24x).


Share Price vs Fair Value

What is the Fair Price of GLA1V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLA1V (€0.92) is trading below our estimate of fair value (€1.64)

Significantly Below Fair Value: GLA1V 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: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Glaston Oyj Abp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLA1V's forecast earnings growth (32.9% per year) is above the savings rate (0.2%).

Earnings vs Market: GLA1V's earnings (32.9% per year) are forecast to grow faster than the Finnish market (8% per year).

High Growth Earnings: GLA1V's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GLA1V's revenue (6.6% per year) is forecast to grow faster than the Finnish market (1.6% per year).

High Growth Revenue: GLA1V's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GLA1V's Return on Equity is forecast to be low in 3 years time (13.3%).


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Past Performance

How has Glaston Oyj Abp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GLA1V has a large one-off gain of €2.4M impacting its June 30 2022 financial results.

Growing Profit Margin: GLA1V became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GLA1V has become profitable over the past 5 years, growing earnings by -28.4% per year.

Accelerating Growth: GLA1V has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GLA1V has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-15.4%).


Return on Equity

High ROE: GLA1V's Return on Equity (4.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Glaston Oyj Abp's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GLA1V's short term assets (€82.9M) do not cover its short term liabilities (€84.1M).

Long Term Liabilities: GLA1V's short term assets (€82.9M) exceed its long term liabilities (€42.1M).


Debt to Equity History and Analysis

Debt Level: GLA1V's net debt to equity ratio (22.2%) is considered satisfactory.

Reducing Debt: GLA1V's debt to equity ratio has increased from 38.8% to 44.5% over the past 5 years.

Debt Coverage: GLA1V's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: GLA1V's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GLA1V's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Finnish market (2.33%).

High Dividend: GLA1V's dividend (3.25%) is low compared to the top 25% of dividend payers in the Finnish market (4.88%).


Stability and Growth of Payments

Stable Dividend: GLA1V has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GLA1V has only been paying a dividend for 8 years, and since then payments have fallen.


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: GLA1V is paying a dividend but the company has no free cash flows.


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Management

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

2.6yrs

Average management tenure


CEO

Anders Dahlblom (48 yo)

1.58yrs

Tenure

Mr. Anders Dahlblom, M.Sc. (Econ.) serves as the Chief Executive Officer and President of Glaston Oyj Abp since January 1, 2021. Mr. Dahlblom served as Vice President and Managing Director of Paroc Group O...


Leadership Team

Experienced Management: GLA1V's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: GLA1V's board of directors are considered experienced (4.3 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

Glaston Oyj Abp's employee growth, exchange listings and data sources


Key Information

  • Name: Glaston Oyj Abp
  • Ticker: GLA1V
  • Exchange: HLSE
  • Founded: 1870
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €77.715m
  • Shares outstanding: 84.29m
  • Website: https://glaston.net

Number of Employees


Location

  • Glaston Oyj Abp
  • Lönnrotinkatu 11
  • Helsinki
  • Uusimaa
  • 120
  • Finland

Listings


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
Earnings2022/06/30
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.