HLSE:RELAIS

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Executive Summary

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


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RELAIS is more volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RELAIS's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Finnish stocks.


Market Performance


7 Day Return

16.2%

RELAIS

-0.08%

FI Trade Distributors

-0.2%

FI Market


1 Year Return

117.0%

RELAIS

33.4%

FI Trade Distributors

15.3%

FI Market

Return vs Industry: RELAIS exceeded the Finnish Trade Distributors industry which returned 30.2% over the past year.

Return vs Market: RELAIS exceeded the Finnish Market which returned 11.3% over the past year.


Shareholder returns

RELAISIndustryMarket
7 Day16.2%-0.08%-0.2%
30 Day30.7%2.3%-0.8%
90 Day73.8%11.9%5.2%
1 Year119.6%117.0%35.2%33.4%23.7%15.3%
3 Yearn/a62.0%50.5%34.7%11.4%
5 Yearn/a119.3%93.4%78.3%38.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

189.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RELAIS (€17.9) is trading above our estimate of fair value (€16.53)

Significantly Below Fair Value: RELAIS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RELAIS is poor value based on its PE Ratio (189.1x) compared to the XE Trade Distributors industry average (21.6x).

PE vs Market: RELAIS is poor value based on its PE Ratio (189.1x) compared to the Finnish market (27.7x).


Price to Earnings Growth Ratio

PEG Ratio: RELAIS is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: RELAIS is overvalued based on its PB Ratio (4.3x) compared to the XE Trade Distributors industry average (1.5x).


Next Steps

Future Growth

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

42.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RELAIS's forecast earnings growth (42% per year) is above the savings rate (0.3%).

Earnings vs Market: RELAIS's earnings (42% per year) are forecast to grow faster than the Finnish market (19.7% per year).

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

Revenue vs Market: RELAIS's revenue (15.4% per year) is forecast to grow faster than the Finnish market (3.6% per year).

High Growth Revenue: RELAIS's revenue (15.4% 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 (12.6%).


Next Steps

Past Performance

How has Relais Group Oyj performed over the past 5 years?

-18.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RELAIS has a large one-off loss of €2.7M impacting its June 30 2020 financial results.

Growing Profit Margin: RELAIS's current net profit margins (1.3%) are lower than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if RELAIS's year-on-year earnings growth rate was positive 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 (-18.9%) over the past year, making it difficult to compare to the Trade Distributors industry average (0.3%).


Return on Equity

High ROE: RELAIS's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Relais Group Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: RELAIS's short term assets (€88.5M) exceed its short term liabilities (€19.8M).

Long Term Liabilities: RELAIS's short term assets (€88.5M) exceed its long term liabilities (€60.8M).


Debt to Equity History and Analysis

Debt Level: RELAIS's debt to equity ratio (91.3%) 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 (13.8%).

Interest Coverage: RELAIS's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RELAIS's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.8%).

High Dividend: RELAIS's dividend (1.12%) is low compared to the top 25% of dividend payers in the Finnish market (3.91%).


Stability and Growth of Payments

Stable Dividend: RELAIS is not paying a notable dividend for the Finnish market, therefore no need to check if payments are stable.

Growing Dividend: RELAIS is not paying a notable dividend for the Finnish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: RELAIS is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RELAIS's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Arni Ekholm (56 yo)

5.42yrs

Tenure

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


Leadership Team

NamePositionTenureCompensationOwnership
Arni Ekholm
Group CEO & Member of Management Board5.42yrsno data0.18%
€ 541.5k
Pekka Raatikainen
Group CFO & Member of Management Board4yrsno data0.029%
€ 89.5k
Ville Mikkonen
Regional MD of Finland and Baltic & Member of the Management Team2.08yrsno data1.02%
€ 3.1m
Juan Garcia
Regional MD of Scandinavia & Member of the Management Team2.08yrsno datano data

3.0yrs

Average Tenure

50.5yo

Average Age

Experienced Management: RELAIS's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Olli-Pekka Kallasvuo
Independent Director2.08yrsno datano data
Kari Stadigh
Independent Chairman of the Board2.08yrsno data1.7%
€ 5.2m
Jesper Otterbeck
Independent Director2.08yrsno datano data
Katri Nygård
Director6.08yrsno data0.17%
€ 525.4k

2.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: RELAIS's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Relais Group Oyj's company bio, 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
  • Market Cap: €308.038m
  • Shares outstanding: 17.21m
  • Website: https://www.relais.fi

Number of Employees


Location

  • Relais Group Oyj
  • TAehtAeinkuja 2
  • Vantaa
  • Uusimaa
  • 1530
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RELAISHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEUROct 2019

Biography

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 unde...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 20:36
End of Day Share Price2021/02/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.