TULAV Stock Overview
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the United States, and rest of Europe.
Price History & Performance
|Historical stock prices|
|Current Share Price||€0.57|
|52 Week High||€0.73|
|52 Week Low||€0.38|
|1 Month Change||21.15%|
|3 Month Change||23.26%|
|1 Year Change||6.18%|
|3 Year Change||297.90%|
|5 Year Change||182.09%|
|Change since IPO||-64.81%|
Recent News & Updates
What Tulikivi Corporation's (HEL:TULAV) 26% Share Price Gain Is Not Telling You
Tulikivi Corporation ( HEL:TULAV ) shareholders have had their patience rewarded with a 26% share price jump in the...
Returns On Capital Are Showing Encouraging Signs At Tulikivi (HEL:TULAV)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Is Tulikivi (HEL:TULAV) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|TULAV||FI Building||FI Market|
Return vs Industry: TULAV exceeded the Finnish Building industry which returned -23.8% over the past year.
Return vs Market: TULAV exceeded the Finnish Market which returned -20.2% over the past year.
|TULAV Average Weekly Movement||5.7%|
|Building Industry Average Movement||5.9%|
|Market Average Movement||5.0%|
|10% most volatile stocks in FI Market||9.0%|
|10% least volatile stocks in FI Market||3.4%|
Stable Share Price: TULAV is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TULAV's weekly volatility (6%) has been stable over the past year.
About the Company
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the United States, and rest of Europe. The company offers heat-retaining soapstone and ceramic fireplaces, soapstone and ceramic fireplaces with bake oven, bake ovens and cookstoves, and convection fireplaces; and senso fireplace controllers, pellet fireplaces, and color fireplaces. It also provides electric, wood-fired, and smoke sauna heaters; communal saunas; control units; and sauna stones.
Tulikivi Fundamentals Summary
|TULAV fundamental statistics|
Is TULAV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TULAV income statement (TTM)|
|Cost of Revenue||€8.17m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 19, 2022
|Earnings per share (EPS)||0.033|
|Net Profit Margin||5.43%|
How did TULAV perform over the long term?See historical performance and comparison
Is TULAV undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TULAV?
Other financial metrics that can be useful for relative valuation.
|What is TULAV's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TULAV's PE Ratio compare to its peers?
|TULAV PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
UPONOR Uponor Oyj
REKA Reka Industrial Oyj
GLA1V Glaston Oyj Abp
EXL1V Exel Composites Oyj
Price-To-Earnings vs Peers: TULAV is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (23.8x).
Price to Earnings Ratio vs Industry
How does TULAV's PE Ratio compare vs other companies in the European Building Industry?
Price-To-Earnings vs Industry: TULAV is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the European Building industry average (14.6x)
Price to Earnings Ratio vs Fair Ratio
What is TULAV'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.
|Current PE Ratio||17.3x|
|Fair PE Ratio||14.2x|
Price-To-Earnings vs Fair Ratio: TULAV is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).
Share Price vs Fair Value
What is the Fair Price of TULAV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TULAV (€0.57) is trading below our estimate of fair value (€0.91)
Significantly Below Fair Value: TULAV 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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How is Tulikivi forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TULAV's forecast earnings growth (10% per year) is above the savings rate (0.2%).
Earnings vs Market: TULAV's earnings (10% per year) are forecast to grow faster than the Finnish market (8.8% per year).
High Growth Earnings: TULAV's earnings are forecast to grow, but not significantly.
Revenue vs Market: TULAV's revenue (1.8% per year) is forecast to grow faster than the Finnish market (1.7% per year).
High Growth Revenue: TULAV's revenue (1.8% 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 TULAV's Return on Equity is forecast to be high in 3 years time
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How has Tulikivi performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TULAV has high quality earnings.
Growing Profit Margin: TULAV's current net profit margins (5.4%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: TULAV has become profitable over the past 5 years, growing earnings by 48.1% per year.
Accelerating Growth: TULAV's earnings growth over the past year (165.1%) exceeds its 5-year average (48.1% per year).
Earnings vs Industry: TULAV earnings growth over the past year (165.1%) exceeded the Building industry 35.3%.
Return on Equity
High ROE: Whilst TULAV's Return on Equity (20.14%) is high, this metric is skewed due to their high level of debt.
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How is Tulikivi's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TULAV's short term assets (€12.5M) exceed its short term liabilities (€11.1M).
Long Term Liabilities: TULAV's short term assets (€12.5M) do not cover its long term liabilities (€13.0M).
Debt to Equity History and Analysis
Debt Level: TULAV's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: TULAV's debt to equity ratio has reduced from 143.3% to 130.9% over the past 5 years.
Debt Coverage: TULAV's debt is well covered by operating cash flow (28.7%).
Interest Coverage: TULAV's interest payments on its debt are well covered by EBIT (12.5x coverage).
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What is Tulikivi current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
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.
Earnings Payout to Shareholders
Earnings Coverage: TULAV is not paying a notable dividend for the Finnish market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TULAV has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Heikki Vauhkonen (52 yo)
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 ($USD261.02K) is about average for companies of similar size in the Finnish market ($USD285.40K).
Compensation vs Earnings: Heikki's compensation has been consistent with company performance over the past year.
Experienced Management: TULAV's management team is seasoned and experienced (9 years average tenure).
Experienced Board: TULAV's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tulikivi Corporation's employee growth, exchange listings and data sources
- Name: Tulikivi Corporation
- Ticker: TULAV
- Exchange: HLSE
- Founded: 1893
- Industry: Building Products
- Sector: Capital Goods
- Implied Market Cap: €33.877m
- Shares outstanding: 59.75m
- Website: https://www.tulikivi.com
Number of Employees
- Tulikivi Corporation
- Kuhnustantie 10
- North Karelia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.