Tulikivi
Market Cap
€17.9m
Last Updated
2021/03/08 19:08 UTC
Data Sources
Company Financials
Executive Summary
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the United States, and rest of Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Acceptable track record and slightly overvalued.
Share Price & News
How has Tulikivi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TULAV is more volatile than 90% of Finnish stocks over the past 3 months, typically moving +/- 20% a week.
Volatility Over Time: TULAV's weekly volatility has increased from 12% to 20% over the past year.
Market Performance
7 Day Return
3.5%
TULAV
5.2%
FI Building
-1.4%
FI Market
1 Year Return
148.5%
TULAV
40.2%
FI Building
29.3%
FI Market
Return vs Industry: TULAV exceeded the Finnish Building industry which returned 27.9% over the past year.
Return vs Market: TULAV exceeded the Finnish Market which returned 18.5% over the past year.
Shareholder returns
| TULAV | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 5.2% | -1.4% |
| 30 Day | 9.6% | 5.6% | -1.4% |
| 90 Day | 90.4% | 10.5% | 3.1% |
| 1 Year | 148.5%148.5% | 42.2%40.2% | 38.8%29.3% |
| 3 Year | 70.7%70.7% | 40.6%31.9% | 31.2%8.2% |
| 5 Year | 38.1%38.1% | 78.8%59.9% | 72.1%34.0% |
Long-Term Price Volatility Vs. Market
How volatile is Tulikivi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Do The Returns At Tulikivi (HEL:TULAV) Mean Going Forward?2 months ago | Simply Wall St
We Think Tulikivi (HEL:TULAV) Is Taking Some Risk With Its Debt3 months ago | Simply Wall St
What We Make Of Tulikivi's (HEL:TULAV) Returns On CapitalValuation
Is Tulikivi undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TULAV (€0.3) is trading below our estimate of fair value (€0.77)
Significantly Below Fair Value: TULAV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TULAV is poor value based on its PE Ratio (88.7x) compared to the XE Building industry average (22x).
PE vs Market: TULAV is poor value based on its PE Ratio (88.7x) compared to the Finnish market (27.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TULAV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TULAV's PB Ratio (2.2x) is in line with the XE Building industry average.
Next Steps
Future Growth
How is Tulikivi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
12.5%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tulikivi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of TULAV’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Tulikivi competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Tulikivi performed over the past 5 years?
21.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TULAV has high quality earnings.
Growing Profit Margin: TULAV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TULAV has become profitable over the past 5 years, growing earnings by 21.4% per year.
Accelerating Growth: TULAV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TULAV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (14.4%).
Return on Equity
High ROE: TULAV's Return on Equity (2.5%) is considered low.
Next Steps
Financial Health
How is Tulikivi's financial position?
Financial Position Analysis
Short Term Liabilities: TULAV's short term assets (€10.5M) exceed its short term liabilities (€9.4M).
Long Term Liabilities: TULAV's short term assets (€10.5M) do not cover its long term liabilities (€15.3M).
Debt to Equity History and Analysis
Debt Level: TULAV's debt to equity ratio (178.5%) is considered high.
Reducing Debt: TULAV's debt to equity ratio has increased from 123.3% to 178.5% over the past 5 years.
Debt Coverage: TULAV's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: TULAV's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Tulikivi current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TULAV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TULAV'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 TULAV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TULAV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TULAV is not paying a notable dividend for the Finnish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TULAV'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?
7.6yrs
Average management tenure
CEO
Heikki Vauhkonen (50 yo)
7.58yrs
Tenure
€250,320
Compensation
Mr. Heikki Vauhkonen, LLB, BBA has been the Managing Director of Tulikivi Corporation since August 23, 2013 and has been its Member of Management Group 2001. Mr. Vauhkonen served as Managing Director of Tu...
CEO Compensation Analysis
Compensation vs Market: Heikki's total compensation ($USD296.90K) is about average for companies of similar size in the Finnish market ($USD318.23K).
Compensation vs Earnings: Heikki's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 7.58yrs | €250.32k | 11.5% € 2.1m | |
| Secretary & Independent Director | 12.17yrs | €37.45k | 0% € 0 | |
| Director of Finance & Administration | 7.58yrs | no data | 4.24% € 756.8k | |
| Sales Director of Finland | 6.17yrs | no data | 0% € 0 |
7.6yrs
Average Tenure
53yo
Average Age
Experienced Management: TULAV's management team is seasoned and experienced (7.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 7.58yrs | €250.32k | 11.5% € 2.1m | |
| Secretary & Independent Director | 12.17yrs | €37.45k | 0% € 0 | |
| Independent Director | 5.92yrs | €20.65k | 0% € 0 | |
| Independent Chairman | 5.92yrs | €73.33k | 0% € 0 | |
| Independent Director | 4.92yrs | €19.00k | no data | |
| Independent Director | 1.92yrs | €19.99k | no data |
5.9yrs
Average Tenure
54.5yo
Average Age
Experienced Board: TULAV's board of directors are considered experienced (5.9 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
Tulikivi Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tulikivi Corporation
- Ticker: TULAV
- Exchange: HLSE
- Founded: 1893
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: €17.864m
- Shares outstanding: 59.75m
- Website: https://www.tulikivi.com
Number of Employees
Location
- Tulikivi Corporation
- Kuhnustantie 10
- Juuka
- North Karelia
- 83900
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TULAV | HLSE (OMX Nordic Exchange Helsinki) | Yes | Series A Shares | FI | EUR | Apr 1992 |
| TUZA | BST (Boerse-Stuttgart) | Yes | Series A Shares | DE | EUR | Apr 1992 |
| 0GCJ | LSE (London Stock Exchange) | Yes | Series A Shares | GB | EUR | Apr 1992 |
| TULAVH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Series A Shares | GB | EUR | Apr 1992 |
Biography
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the United States, and rest of Europe. The company offers Karelia, heat retaining soapsto...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 19:08 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.