HLSE:YIT

Stock Analysis Report

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Executive Summary

YIT Oyj provides construction services for industrial and public sectors, and residential customers primarily in Finland, Russia, the Baltic countries, the Czech Republic, Poland, and Slovakia. More Details


Snowflake Analysis

Acceptable track record with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

1.5%

YIT

-2.9%

FI Construction

1.4%

FI Market


1 Year Return

-24.0%

YIT

-13.8%

FI Construction

9.7%

FI Market

Return vs Industry: YIT underperformed the Finnish Construction industry which returned -12.5% over the past year.

Return vs Market: YIT underperformed the Finnish Market which returned 8.6% over the past year.


Shareholder returns

YITIndustryMarket
7 Day1.5%-2.9%1.4%
30 Day1.1%2.1%6.7%
90 Day1.3%13.9%12.0%
1 Year-18.0%-24.0%-11.5%-13.8%19.0%9.7%
3 Year-14.2%-27.2%-2.9%-12.0%37.1%13.1%
5 Year27.6%0.4%29.1%10.0%75.9%37.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

65.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YIT (€4.95) is trading above our estimate of fair value (€3.05)

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


Price To Earnings Ratio

PE vs Industry: YIT is poor value based on its PE Ratio (65.5x) compared to the XE Construction industry average (13.5x).

PE vs Market: YIT is poor value based on its PE Ratio (65.5x) compared to the Finnish market (26.4x).


Price to Earnings Growth Ratio

PEG Ratio: YIT is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: YIT's PB Ratio (1.2x) is in line with the XE Construction industry average.


Next Steps

Future Growth

How is YIT Oyj forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

71.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YIT's forecast earnings growth (71.4% per year) is above the savings rate (0.3%).

Earnings vs Market: YIT's earnings (71.4% per year) are forecast to grow faster than the Finnish market (15.9% per year).

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

Revenue vs Market: YIT's revenue is expected to decline over the next 3 years (-2.9% per year).

High Growth Revenue: YIT's revenue is forecast to decline over the next 3 years (-2.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YIT's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has YIT Oyj performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YIT has a large one-off gain of €69.3M impacting its September 30 2020 financial results.

Growing Profit Margin: YIT's current net profit margins (0.5%) are higher than last year (0.01%).


Past Earnings Growth Analysis

Earnings Trend: YIT's earnings have declined by 3.7% per year over the past 5 years.

Accelerating Growth: YIT's earnings growth over the past year (3386.5%) exceeds its 5-year average (-3.7% per year).

Earnings vs Industry: YIT earnings growth over the past year (3386.5%) exceeded the Construction industry 1.8%.


Return on Equity

High ROE: YIT's Return on Equity (1.8%) is considered low.


Next Steps

  • Explore strong past performing companies in the Capital Goods industry.

Financial Health

How is YIT Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: YIT's short term assets (€2.6B) exceed its short term liabilities (€1.8B).

Long Term Liabilities: YIT's short term assets (€2.6B) exceed its long term liabilities (€664.0M).


Debt to Equity History and Analysis

Debt Level: YIT's debt to equity ratio (102%) is considered high.

Reducing Debt: YIT's debt to equity ratio has reduced from 122.4% to 102% over the past 5 years.

Debt Coverage: YIT's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: Insufficient data to determine if YIT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

5.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YIT's dividend (5.66%) is higher than the bottom 25% of dividend payers in the Finnish market (1.66%).

High Dividend: YIT's dividend (5.66%) is in the top 25% of dividend payers in the Finnish market (3.95%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (370.6%), YIT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: YIT's dividends in 3 years are forecast to be covered by earnings (65.8% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Antti Inkilä (51 yo)

0.25

Tenure

Mr. Antti Inkilä, M.Sc. (Tech.), has been Interim President and Chief Executive Officer at YIT Oyj since October 23, 2020 and has been its Member of Management Board since January 2015. He had been Executi...


Leadership Team

NamePositionTenureCompensationOwnership
Antti Inkilä
Interim President0.25yrno data0.010%
€ 106.8k
Ilkka Salonen
CFO, Member of Management Board and Deputy to President & CEO2.92yrsno data0.028%
€ 293.0k
Marko Oinas
Interim EVP0.25yrno datano data
Timo Lehmus
Interim EVP of Partnership Properties Segment & Member of Management Board0.083yrno datano data
Juha Kostiainen
Executive VP of Urban Development & Member of Group Management Board4.25yrsno data0.0023%
€ 23.4k
Pii Raulo
Executive VP of Human Resources & Member of Management Board9.08yrsno data0.011%
€ 110.9k
Juhani Nummi
Executive VP of Operations Development & Member of Management Board7.5yrsno data0.0092%
€ 95.0k
Teemu Helppolainen
Executive VP of Housing Russia Segment & Member of Management Boardno datano data0.014%
€ 141.6k
Harri Kailasalo
Executive VP of Infrastructure Projects Segment & Member of Management Boardno datano data0.0098%
€ 101.3k
Tom Ekman
Executive VP of Business Premises Segment & Member of Management Board0.67yrno datano data
Jaakko Mäkynen
Head of Corporate Financeno datano datano data
Tiina Kuusisaari
Manager of Investor Relationsno datano datano data

1.8yrs

Average Tenure

53yo

Average Age

Experienced Management: YIT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alexander Ehrnrooth
Director1.83yrs€71.60k0.0018%
€ 18.3k
Harri-Pekka Kaukonen
Independent Chairman2.83yrs€127.90k0.016%
€ 161.8k
Tiina Tuomela
Independent Director3.83yrs€66.65k0.0047%
€ 48.3k
Frank Hyldmar
Independent Director1.83yrs€78.00k0.0018%
€ 18.3k
Kristina Walzel
Independent Director2.92yrs€68.30k1.32%
€ 13.6m
Eero Heliövaara
Independent Vice Chairman2.83yrs€95.50k0.011%
€ 112.5k
Olli-Petteri Lehtinen
Independent Director2.83yrs€86.65k0.0042%
€ 42.9k
Barbara Topolska
Independent Director1.83yrs€88.00k0.0018%
€ 18.3k

2.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: YIT's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

YIT Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: YIT Oyj
  • Ticker: YIT
  • Exchange: HLSE
  • Founded: 1912
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €1.030b
  • Shares outstanding: 209.08m
  • Website: https://www.yitgroup.com

Number of Employees


Location

  • YIT Oyj
  • Panuntie 11
  • PO Box 36
  • Helsinki
  • Uusimaa
  • 621
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YITHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURMay 1994
YITDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1994
0GKALSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1994
YITHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1994
YITY.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

YIT Oyj provides construction services for industrial and public sectors, and residential customers primarily in Finland, Russia, the Baltic countries, the Czech Republic, Poland, and Slovakia. It operates...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 20:30
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.