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KELA

Kesla Oyj HLSE:KELAS Stock Report

Last Price

€4.45

Market Cap

€15.1m

7D

0.7%

1Y

-21.9%

Updated

13 Aug, 2022

Data

Company Financials +
KELAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends1/6

KELAS Stock Overview

Kesla Oyj, a machine engineering company, manufactures and markets forestry and material handling technology products in Finland and internationally.

Kesla Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kesla Oyj
Historical stock prices
Current Share Price€4.45
52 Week High€6.38
52 Week Low€3.60
Beta1.02
1 Month Change8.01%
3 Month Change5.20%
1 Year Change-21.93%
3 Year Change1.60%
5 Year Change-6.32%
Change since IPO1,294.25%

Recent News & Updates

May 13
Calculating The Intrinsic Value Of Kesla Oyj (HEL:KELAS)

Calculating The Intrinsic Value Of Kesla Oyj (HEL:KELAS)

Today we will run through one way of estimating the intrinsic value of Kesla Oyj ( HEL:KELAS ) by projecting its future...

Shareholder Returns

KELASFI MachineryFI Market
7D0.7%1.8%1.9%
1Y-21.9%-32.7%-18.7%

Return vs Industry: KELAS exceeded the Finnish Machinery industry which returned -32.7% over the past year.

Return vs Market: KELAS underperformed the Finnish Market which returned -18.7% over the past year.

Price Volatility

Is KELAS's price volatile compared to industry and market?
KELAS volatility
KELAS Average Weekly Movement3.2%
Machinery Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in FI Market8.8%
10% least volatile stocks in FI Market3.3%

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

Volatility Over Time: KELAS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960260Simo Saastamoinenhttps://www.kesla.fi

Kesla Oyj, a machine engineering company, manufactures and markets forestry and material handling technology products in Finland and internationally. The company offers truck and stationary cranes, including timber and city cranes, and truck and stationary cranes' grapples; and logging equipment, such as logging equipment grapples, harvester heads, and forest machine cranes. It also provides tractor attachments, including chippers, loaders, trailers, stroke delimber, and tractor attachment grapples.

Kesla Oyj Fundamentals Summary

How do Kesla Oyj's earnings and revenue compare to its market cap?
KELAS fundamental statistics
Market Cap€15.09m
Earnings (TTM)€356.00k
Revenue (TTM)€45.98m

42.4x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KELAS income statement (TTM)
Revenue€45.98m
Cost of Revenue€25.09m
Gross Profit€20.90m
Other Expenses€20.54m
Earnings€356.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin45.44%
Net Profit Margin0.77%
Debt/Equity Ratio135.5%

How did KELAS perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

188%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 KELAS?

Other financial metrics that can be useful for relative valuation.

KELAS 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/EBITDA16.2x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

KELAS PE Ratio vs Peers
The above table shows the PE ratio for KELAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.5x
PON1V Ponsse Oyj
14.5x16.0%€757.4m
REKA Reka Industrial Oyj
23.6x9.7%€23.2m
GLA1V Glaston Oyj Abp
28.6x32.9%€86.0m
TULAV Tulikivi
23.5x10.0%€45.8m
KELAS Kesla Oyj
42.4x53.1%€15.1m

Price-To-Earnings vs Peers: KELAS is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the peer average (22.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KELAS is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the Finnish Machinery industry average (28.6x)


Price to Earnings Ratio vs Fair Ratio

What is KELAS'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.

KELAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.4x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: KELAS is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).


Share Price vs Fair Value

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

Below Fair Value: KELAS (€4.45) is trading below our estimate of fair value (€8.4)

Significantly Below Fair Value: KELAS 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 Kesla Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


53.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KELAS's forecast earnings growth (53.1% per year) is above the savings rate (0.2%).

Earnings vs Market: KELAS's earnings (53.1% per year) are forecast to grow faster than the Finnish market (7.9% per year).

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

Revenue vs Market: KELAS's revenue (5.7% per year) is forecast to grow faster than the Finnish market (1.7% per year).

High Growth Revenue: KELAS's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KELAS's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Kesla Oyj performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KELAS has a high level of non-cash earnings.

Growing Profit Margin: KELAS's current net profit margins (0.8%) are lower than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: KELAS's earnings have declined by 11.1% per year over the past 5 years.

Accelerating Growth: KELAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KELAS had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Machinery industry average (-1.5%).


Return on Equity

High ROE: KELAS's Return on Equity (2.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Kesla Oyj's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KELAS's short term assets (€29.1M) exceed its short term liabilities (€16.1M).

Long Term Liabilities: KELAS's short term assets (€29.1M) exceed its long term liabilities (€12.1M).


Debt to Equity History and Analysis

Debt Level: KELAS's net debt to equity ratio (134.3%) is considered high.

Reducing Debt: KELAS's debt to equity ratio has increased from 133.5% to 135.5% over the past 5 years.

Debt Coverage: KELAS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KELAS's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


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Dividend

What is Kesla Oyj 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


4.49%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KELAS's dividend (4.49%) is higher than the bottom 25% of dividend payers in the Finnish market (2.36%).

High Dividend: KELAS's dividend (4.49%) is low compared to the top 25% of dividend payers in the Finnish market (4.73%).


Stability and Growth of Payments

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

Growing Dividend: KELAS's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (187.6%), KELAS's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: KELAS is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

7.6yrs

Average management tenure


CEO

Simo Saastamoinen (55 yo)

7.33yrs

Tenure

Mr. Simo Saastamoinen serves as Chief Executive Officer and Managing Director of Kesla Oyj since April 08, 2015 and serves as its President. He served as Chief Financial Officer of Kesla Oyj since June 1,...


Leadership Team

Experienced Management: KELAS's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: KELAS's board of directors are considered experienced (6.9 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

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


Key Information

  • Name: Kesla Oyj
  • Ticker: KELAS
  • Exchange: HLSE
  • Founded: 1960
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €15.089m
  • Shares outstanding: 3.39m
  • Website: https://www.kesla.fi

Number of Employees


Location

  • Kesla Oyj
  • Kuurnankatu 24
  • Joensuu
  • North Karelia
  • 80100
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 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.