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RELA

Relais Group Oyj HLSE:RELAIS Stock Report

Last Price

€15.85

Market Cap

€287.4m

7D

-5.7%

1Y

-18.7%

Updated

24 Jun, 2022

Data

Company Financials +
RELAIS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends0/6

RELAIS Stock Overview

Relais Group Oyj imports and wholesales vehicle electrical equipment and spare parts in the Nordic and Baltic countries.

Relais Group Oyj Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Relais Group Oyj
Historical stock prices
Current Share Price€15.85
52 Week High€28.10
52 Week Low€15.70
Beta1.36
1 Month Change-6.21%
3 Month Change-24.52%
1 Year Change-18.72%
3 Year Changen/a
5 Year Changen/a
Change since IPO115.65%

Recent News & Updates

Shareholder Returns

RELAISFI Trade DistributorsFI Market
7D-5.7%-1.2%-1.6%
1Y-18.7%-17.5%-19.8%

Return vs Industry: RELAIS exceeded the Finnish Trade Distributors industry which returned -19.8% over the past year.

Return vs Market: RELAIS exceeded the Finnish Market which returned -19.8% over the past year.

Price Volatility

Is RELAIS's price volatile compared to industry and market?
RELAIS volatility
RELAIS Average Weekly Movement5.3%
Trade Distributors Industry Average Movement5.5%
Market Average Movement5.3%
10% most volatile stocks in FI Market8.4%
10% least volatile stocks in FI Market3.4%

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

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

About the Company

FoundedEmployeesCEOWebsite
1996973Arni Ekholmhttps://relais.fi

Relais Group Oyj imports and wholesales vehicle electrical equipment and spare parts in the Nordic and Baltic countries. It offers electrical equipment and spare parts for cars and commercial vehicles under the Startax brand name; batteries, warning lights, and lighting and camera systems under the Awimex brand name; spare parts for passenger cars and light commercial vehicles under the ABR brand name; and spare parts, components, and accessories for busses, trucks, trailers, and construction machinery under the Huzells brand name. The company also provides auxiliary and working lights, power management systems, and automotive camera systems for light commercial vehicles under the SEC name; automotive aftermarket lighting products and accessories under the Strands brand name; and spare parts and equipment for heavy duty vehicles under the Tunga Delar name.

Relais Group Oyj Fundamentals Summary

How do Relais Group Oyj's earnings and revenue compare to its market cap?
RELAIS fundamental statistics
Market Cap€287.40m
Earnings (TTM)€6.17m
Revenue (TTM)€246.32m

46.6x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RELAIS income statement (TTM)
Revenue€246.32m
Cost of Revenue€130.44m
Gross Profit€115.88m
Other Expenses€109.71m
Earnings€6.17m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)0.34
Gross Margin47.04%
Net Profit Margin2.51%
Debt/Equity Ratio118.7%

How did RELAIS perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

103%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is RELAIS 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RELAIS 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/Revenue1.5x
Enterprise Value/EBITDA12.7x
PEG Ratio2.3x

Price to Earnings Ratio vs Peers

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

RELAIS PE Ratio vs Peers
The above table shows the PE ratio for RELAIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.5x

Price-To-Earnings vs Peers: RELAIS is expensive based on its Price-To-Earnings Ratio (46.6x) compared to the peer average (12.5x).


Price to Earnings Ratio vs Industry

How does RELAIS's PE Ratio compare vs other companies in the Trade Distributors Industry?

Price-To-Earnings vs Industry: RELAIS is expensive based on its Price-To-Earnings Ratio (46.6x) compared to the European Trade Distributors industry average (12.7x)


Price to Earnings Ratio vs Fair Ratio

What is RELAIS'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.

RELAIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.6x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: RELAIS is expensive based on its Price-To-Earnings Ratio (46.6x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).


Share Price vs Fair Value

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

Below Fair Value: RELAIS (€15.85) is trading below our estimate of fair value (€25.92)

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


Price to Earnings Growth Ratio

PEG Ratio: RELAIS is poor value based on its PEG Ratio (2.3x)


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Future Growth

How is Relais Group Oyj forecast to perform in the next 1 to 3 years based on estimates from 3 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


20.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RELAIS's forecast earnings growth (20.7% per year) is above the savings rate (0.2%).

Earnings vs Market: RELAIS's earnings (20.7% per year) are forecast to grow faster than the Finnish market (8.1% per year).

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

Revenue vs Market: RELAIS's revenue (4.5% per year) is forecast to grow faster than the Finnish market (1.9% per year).

High Growth Revenue: RELAIS's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RELAIS's Return on Equity is forecast to be low in 3 years time (14.5%).


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Past Performance

How has Relais Group Oyj 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


54.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RELAIS has high quality earnings.

Growing Profit Margin: RELAIS's current net profit margins (2.5%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: RELAIS's earnings have grown significantly by 54.1% per year over the past 5 years.

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

Earnings vs Industry: RELAIS had negative earnings growth (-26.4%) over the past year, making it difficult to compare to the Trade Distributors industry average (55.7%).


Return on Equity

High ROE: RELAIS's Return on Equity (6.9%) is considered low.


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Financial Health

How is Relais Group 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: RELAIS's short term assets (€125.1M) exceed its short term liabilities (€46.1M).

Long Term Liabilities: RELAIS's short term assets (€125.1M) exceed its long term liabilities (€101.7M).


Debt to Equity History and Analysis

Debt Level: RELAIS's net debt to equity ratio (100.8%) is considered high.

Reducing Debt: Insufficient data to determine if RELAIS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: RELAIS's debt is not well covered by operating cash flow (4.8%).

Interest Coverage: RELAIS's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet


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Dividend

What is Relais Group 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

  • Future Dividend Coverage


2.27%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RELAIS's dividend (2.27%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.54%).

High Dividend: RELAIS's dividend (2.27%) is low compared to the top 25% of dividend payers in the Finnish market (5.07%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RELAIS has been paying a dividend for less than 10 years.

Growing Dividend: RELAIS's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (103.5%), RELAIS's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (251.1%), RELAIS's dividend payments are not well covered by cash flows.


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Management

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

5.3yrs

Average management tenure


CEO

Arni Ekholm (57 yo)

6.75yrs

Tenure

Mr. Arni Ekholm M.Sc. (Int. Marketing), serves as Group Chief Executive Officer of Relais Group Oyj since September 2015 and serves as its Member of Management Team since 2015 and serves as its Managing Di...


Leadership Team

Experienced Management: RELAIS's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: RELAIS's board of directors are considered experienced (3.4 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

Relais Group Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Relais Group Oyj
  • Ticker: RELAIS
  • Exchange: HLSE
  • Founded: 1996
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: €287.396m
  • Shares outstanding: 18.13m
  • Website: https://relais.fi

Number of Employees


Location

  • Relais Group Oyj
  • Mannerheimintie 105
  • Helsinki
  • Uusimaa
  • 280
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
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.