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YIT Oyj

HLSE:YIT
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YIT
HLSE
€1B
Market Cap
  1. Home
  2. FI
  3. Capital Goods
Company description

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. The last earnings update was 52 days ago. More info.


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YIT Share Price and Events
7 Day Returns
2.2%
HLSE:YIT
0%
Europe Construction
1.5%
FI Market
1 Year Returns
2.9%
HLSE:YIT
-6.9%
Europe Construction
-6.5%
FI Market
YIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
YIT Oyj (YIT) 2.2% -0.5% -4.8% 2.9% -19.8% -38.3%
Europe Construction 0% -0.6% -2.1% -6.9% 15.7% 4.1%
FI Market 1.5% -0.5% -5.4% -6.5% 23.4% 23.9%
1 Year Return vs Industry and Market
  • YIT outperformed the Construction industry which returned -6.9% over the past year.
  • YIT outperformed the Market in Finland which returned -6.5% over the past year.
Price Volatility
YIT
Industry
5yr Volatility vs Market
Related Companies

YIT Value

 Is YIT Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of YIT Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for YIT Oyj.

HLSE:YIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:YIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Construction Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.004 (1 + (1- 20%) (100.63%))
1.545
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.545 * 6.51%)
10.6%

Discounted Cash Flow Calculation for HLSE:YIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for YIT Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:YIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.6%)
2019 297.00 Analyst x1 268.55
2020 185.50 Analyst x2 151.66
2021 148.33 Analyst x3 109.65
2022 151.00 Analyst x1 100.93
2023 134.00 Analyst x1 80.99
2024 125.01 Est @ -6.71% 68.31
2025 119.33 Est @ -4.54% 58.96
2026 115.74 Est @ -3.01% 51.71
2027 113.48 Est @ -1.95% 45.84
2028 112.12 Est @ -1.2% 40.95
Present value of next 10 years cash flows €977.56
HLSE:YIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €112.12 × (1 + 0.54%) ÷ (10.6% – 0.54%)
€1,120.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,120.99 ÷ (1 + 10.6%)10
€409.46
HLSE:YIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €977.56 + €409.46
€1,387.02
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,387.02 / 210.23
€6.6
HLSE:YIT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.60
Current discount Discount to share price of €5.16
= -1 x (€5.16 - €6.60) / €6.60
21.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price YIT Oyj is available for.
Intrinsic value
22%
Share price is €5.16 vs Future cash flow value of €6.6
Current Discount Checks
For YIT Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • YIT Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • YIT Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for YIT Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are YIT Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:YIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.18
HLSE:YIT Share Price ** HLSE (2019-06-17) in EUR €5.16
Europe Construction Industry PE Ratio Median Figure of 94 Publicly-Listed Construction Companies 11.12x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of YIT Oyj.

HLSE:YIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:YIT Share Price ÷ EPS (both in EUR)

= 5.16 ÷ 0.18

29.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YIT Oyj is overvalued based on earnings compared to the Europe Construction industry average.
  • YIT Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does YIT Oyj's expected growth come at a high price?
Raw Data
HLSE:YIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.5%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.23x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.73x

*Line of best fit is calculated by linear regression .

HLSE:YIT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.3x ÷ 14.5%

2.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YIT Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on YIT Oyj's assets?
Raw Data
HLSE:YIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €4.71
HLSE:YIT Share Price * HLSE (2019-06-17) in EUR €5.16
Europe Construction Industry PB Ratio Median Figure of 131 Publicly-Listed Construction Companies 1.13x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.99x
HLSE:YIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:YIT Share Price ÷ Book Value per Share (both in EUR)

= 5.16 ÷ 4.71

1.09x

* Primary Listing of YIT Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YIT Oyj is good value based on assets compared to the Europe Construction industry average.
X
Value checks
We assess YIT Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. YIT Oyj has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

YIT Future Performance

 How is YIT Oyj expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is YIT Oyj expected to grow at an attractive rate?
  • YIT Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • YIT Oyj's earnings growth is expected to exceed the Finland market average.
  • YIT Oyj's revenues are expected to decrease over the next 1-3 years, this is below the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:YIT Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:YIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.5%
HLSE:YIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -0.6%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:YIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:YIT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 183
2022-12-31 3,836 176 149 1
2021-12-31 3,762 174 122 4
2020-12-31 3,696 205 114 5
2019-12-31 3,821 210 115 6
HLSE:YIT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 3,860 304 37
2018-12-31 3,690 173 39
2018-09-30 3,034 184 20
2018-06-30 2,474 171 -2
2018-03-31 2,075 53 17
2017-12-31 1,995 235 57
2017-09-30 1,907 37 40
2017-06-30 1,906 63 7
2017-03-31 1,793 117 -3
2016-12-31 1,679 36 -7
2016-09-30 1,666 85 -6
2016-06-30 1,610 110 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • YIT Oyj's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • YIT Oyj's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:YIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from YIT Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:YIT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.71 0.71 0.71 1.00
2021-12-31 0.58 0.60 0.52 4.00
2020-12-31 0.56 0.63 0.47 5.00
2019-12-31 0.54 0.61 0.48 5.00
HLSE:YIT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.18
2018-12-31 0.19
2018-09-30 0.11
2018-06-30 -0.01
2018-03-31 0.12
2017-12-31 0.45
2017-09-30 0.31
2017-06-30 0.06
2017-03-31 -0.02
2016-12-31 -0.06
2016-09-30 -0.05
2016-06-30 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • YIT Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess YIT Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
YIT Oyj has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

YIT Past Performance

  How has YIT Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare YIT Oyj's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • YIT Oyj's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • YIT Oyj's 1-year earnings growth exceeds its 5-year average (112.6% vs -23%)
  • YIT Oyj's earnings growth has exceeded the Europe Construction industry average in the past year (112.6% vs 14.6%).
Earnings and Revenue History
YIT Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from YIT Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:YIT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,859.50 37.00 2,506.10
2018-12-31 3,690.20 39.20 2,409.80
2018-09-30 3,033.50 20.40 2,020.10
2018-06-30 2,474.30 -1.80 1,709.80
2018-03-31 2,074.70 17.40 1,432.00
2017-12-31 1,994.50 56.60 1,313.20
2017-09-30 1,907.00 40.00 1,326.10
2017-06-30 1,905.90 7.20 1,317.80
2017-03-31 1,793.30 -2.80 1,489.50
2016-12-31 1,678.60 -7.10 1,193.80
2016-09-30 1,665.70 -6.10 1,857.00
2016-06-30 1,610.30 12.50 1,568.60
2016-03-31 1,676.40 28.80 1,064.30
2015-12-31 1,732.80 47.20 1,064.30
2015-09-30 1,752.00 53.60 1,182.40
2015-06-30 1,880.60 73.80 1,182.40
2015-03-31 1,771.50 58.80 1,182.40
2014-12-31 1,780.70 55.90 1,182.40
2014-09-30 1,747.20 51.20 1,281.80
2014-06-30 1,617.80 42.60 1,281.80
2014-03-31 1,701.20 61.90 1,281.80
2013-12-31 1,743.60 70.20 1,281.80
2013-09-30 1,808.60 100.40 1,290.20
2013-06-30 1,904.20 125.40 1,290.20
2013-03-31 1,990.40 138.40 1,290.20
2012-12-31 1,989.30 141.10 1,290.20
2012-09-30 2,617.10 128.00 2,620.20
2012-06-30 3,243.40 114.10 2,620.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • YIT Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • YIT Oyj used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • YIT Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess YIT Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
YIT Oyj has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

YIT Health

 How is YIT Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up YIT Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • YIT Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • YIT Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of YIT Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from YIT Oyj Company Filings, last reported 2 months ago.

HLSE:YIT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 990.00 1,090.50 152.90
2018-12-31 1,049.80 894.40 263.60
2018-09-30 1,016.60 1,136.80 204.70
2018-06-30 999.60 1,067.60 285.60
2018-03-31 1,019.90 932.50 65.20
2017-12-31 564.70 594.60 89.70
2017-09-30 539.60 701.30 32.20
2017-06-30 533.40 648.50 35.30
2017-03-31 569.50 667.90 77.70
2016-12-31 563.90 706.60 66.40
2016-09-30 514.20 678.10 66.80
2016-06-30 531.20 628.40 71.80
2016-03-31 510.60 676.90 122.40
2015-12-31 523.10 658.30 122.20
2015-09-30 541.50 662.60 88.10
2015-06-30 594.70 716.30 129.00
2015-03-31 577.80 796.60 118.60
2014-12-31 530.60 901.40 199.40
2014-09-30 642.80 908.80 90.90
2014-06-30 659.40 935.60 75.30
2014-03-31 635.90 919.90 79.70
2013-12-31 693.10 860.70 76.30
2013-09-30 693.20 909.70 52.40
2013-06-30 696.10 814.10 49.70
2013-03-31 944.20 969.30 130.30
2012-12-31 1,009.20 922.00 175.70
2012-09-30 987.90 977.30 150.00
2012-06-30 926.00 972.60 169.50
  • YIT Oyj's level of debt (78.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.6% vs 78.6% today).
  • Debt is well covered by operating cash flow (39.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess YIT Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. YIT Oyj has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

YIT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.24%
Current annual income from YIT Oyj dividends. Estimated to be 6.13% next year.
If you bought €2,000 of YIT Oyj shares you are expected to receive €105 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • YIT Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.35%).
  • YIT Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.32%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:YIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 3.9%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.4%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:YIT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.35 1.00
2021-12-31 0.33 5.00
2020-12-31 0.32 6.00
2019-12-31 0.30 6.00
HLSE:YIT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.270 5.191
2018-02-15 0.250 4.477
2017-02-03 0.220 3.215
2016-02-05 0.220 3.463
2015-02-05 0.180 3.244
2014-03-18 0.380 5.944
2013-03-15 0.750 6.875
2012-02-21 0.700 4.624
2012-02-02 0.700 4.373
2011-03-11 0.650 4.557
2010-02-17 0.400 2.343
2010-02-04 0.400 2.520

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YIT Oyj has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • YIT Oyj has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of YIT Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess YIT Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can YIT Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. YIT Oyj has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

YIT Management

 What is the CEO of YIT Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kari Kauniskangas
COMPENSATION €841,824
AGE 44
TENURE AS CEO 5.9 years
CEO Bio

Mr. Kari Kauniskangas, M.Sc. (Eng.), B.Sc. (Econ.) serves as the Supervisory Board member of Keskinäinen työeläkevakuutusyhtiö Varma since March 15, 2018. He serves as the Chairman of Management Board and Managing director at YIT Oyj and has been its Chief Executive Officer and President since July 1, 2013. Mr. Kauniskangas served as the Vice Chairman of Management Board at YIT Oyj since January 2009. Mr. Kauniskangas serves as its Head of International Construction Services Business Segment at YIT Oyj and also served as its Head of Housing Segment. Mr. Kauniskangas served as an Executive Vice President, Deputy to Chief Executive Officer and Deputy to President at YIT Oyj since November 2008. He has been employed by YIT Corporation since 1997. He served as Director of Internation Construction and Head of Business Premises of Construction Services at YIT Oyj. He served as a Member of Supervisory Board at Ilmarinen Pension Insurance Co. Ltd.

CEO Compensation
  • Kari's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kari's remuneration is about average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the YIT Oyj management team in years:

3.6
Average Tenure
51
Average Age
  • The tenure for the YIT Oyj management team is about average.
Management Team

Kari Kauniskangas

TITLE
Chairman of Management Board
COMPENSATION
€842K
AGE
44
TENURE
5.9 yrs

Ilkka Salonen

TITLE
Chief Financial Officer & Deputy to President and CEO
AGE
53
TENURE
1.3 yrs

Juha Kostiainen

TITLE
Executive VP of Urban development & Member of Group Management Board
AGE
53
TENURE
2.7 yrs

Pii Raulo

TITLE
Executive VP of Human Resources & Member of Management Board
AGE
51
TENURE
7.5 yrs

Juhani Nummi

TITLE
Executive VP of Strategy
AGE
51
TENURE
5.9 yrs

Teemu Helppolainen

TITLE
Executive VP of Housing Russia Segment & Member of Management Board
AGE
56

Antti Inkilä

TITLE
Executive VP of Housing Finland & CEE Segment and Member of Management Board
AGE
49
TENURE
4.4 yrs

Esa Neuvonen

TITLE
EVP of Business Premises Segment & Partnership Properties Segment and Member of Management Board
AGE
51
TENURE
2.6 yrs

Jaakko Mäkynen

TITLE
Head of Corporate Finance

Hanna Jaakkola

TITLE
Vice President of Investor Relations
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the YIT Oyj board of directors in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the YIT Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Harri-Pekka Kaukonen

TITLE
Chairman
AGE
55
TENURE
1.3 yrs

Eero Heliövaara

TITLE
Vice Chairman
AGE
62
TENURE
1.3 yrs

Olli-Petteri Lehtinen

TITLE
Director
AGE
58
TENURE
1.3 yrs

Tiina Tuomela

TITLE
Director
COMPENSATION
€55K
AGE
52
TENURE
2.3 yrs

Kristina Walzel

TITLE
Director
AGE
40
TENURE
1.3 yrs

Alexander Ehrnrooth

TITLE
Director
AGE
44
TENURE
0.3 yrs

Frank Hyldmar

TITLE
Director
AGE
57
TENURE
0.3 yrs

Barbara Topolska

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess YIT Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. YIT Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

YIT News

Simply Wall St News

Shareholders Should Look Hard At YIT Oyj’s (HEL:YIT) 3.0% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for YIT Oyj: 0.03 = €55m ÷ (€3.7b - €1.9b) (Based on the trailing twelve months to March 2019.) So, YIT Oyj has an ROCE of 3.0%. … YIT Oyj's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less.

Simply Wall St -

YIT Oyj (HEL:YIT): Time For A Financial Health Check

On top of this, YIT has generated €304m in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 28%, indicating that YIT’s current level of operating cash is high enough to cover debt. … Looking at YIT’s €1.9b in current liabilities, it seems that the business has been able to meet these obligations given the level of current assets of €2.7b, with a current ratio of 1.44x. … Next Steps: Although YIT’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Is YIT Oyj's (HEL:YIT) ROE Of 3.7% Concerning?

Combining YIT Oyj's Debt And Its 3.7% Return On Equity YIT Oyj does use a significant amount of debt to increase returns. … A company that can achieve a high return on equity without debt could be considered a high quality business. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Do Investors Have Good Reason To Be Wary Of YIT Oyj's (HEL:YIT) 5.2% Dividend Yield?

Today we'll take a closer look at YIT Oyj (HEL:YIT) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. With a nine-year payment history and a 5.2% yield, many investors probably find YIT Oyj intriguing. It sure looks interesting on these metrics - but there's always more to the story . Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. … Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future.

Simply Wall St -

Did Changing Sentiment Drive YIT Oyj's (HEL:YIT) Share Price Down By 29%?

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Looking back five years, both YIT Oyj's share price and EPS declined; the latter at a rate of 19% per year. … The share price decline of 6.6% per year isn't as bad as the EPS decline.

Simply Wall St -

Is It Time To Consider Buying YIT Oyj (HEL:YIT)?

received a lot of attention from a substantial price movement on the HLSE over the last few months, increasing to €5.81 at one point, and dropping to the lows of €5.06. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether YIT Oyj's current trading price of €5.43 reflective of the actual value of the?

Simply Wall St -

Should We Worry About YIT Oyj's (HEL:YIT) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … YIT Oyj has a price to earnings ratio of 26.75, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does YIT Oyj (HEL:YIT) Have A Particularly Volatile Share Price?

If you're interested in YIT Oyj (HEL:YIT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Do YIT Oyj’s (HEL:YIT) Returns On Capital Compare To Peers?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

With A 3.7% Return On Equity, Is YIT Oyj (HEL:YIT) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every €1 worth of shareholders' equity, it generated €0.037 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

YIT Company Info

Description

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 through three segments: Housing Finland and CEE, Housing Russia, and Business Premises and Infrastructure. The company develops and constructs housing, holiday homes, apartments, and various residential areas, as well as offices, shopping malls, public facilities and buildings, assisted living facilities, production and logistics premises, and other business premises; maintains property; undertakes renovation projects; and provides road and street maintenance services. It also constructs roads, bridges, tunnels, rail and metro stations, ports, and parking facilities, as well as energy, water supply, and industrial plants; offers mining and reinforcement, and tunneling services, as well as undertakes civil engineering, earthworks, and foundation works; and produces asphalt, and re-used asphalt pavements and surfaces, as well as provides solutions for the paving industry. In addition, the company offers construction machinery and equipment rental, and IT services. YIT Oyj was founded in 1912 and is headquartered in Helsinki, Finland.

Details
Name: YIT Oyj
YIT
Exchange: HLSE
Founded: 1912
€1,083,721,984
210,227,349
Website: http://www.yitgroup.com
Address: YIT Oyj
Panuntie 11,
PO Box 36,
Helsinki,
Uusimaa, 00621,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE YIT Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 19. May 1994
OTCPK YITY.F Ordinary Shares Pink Sheets LLC US USD 19. May 1994
DB YIT Ordinary Shares Deutsche Boerse AG DE EUR 19. May 1994
LSE 0GKA Ordinary Shares London Stock Exchange GB EUR 19. May 1994
OTCPK YITY.Y ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
8,715
YIT Oyj employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 21:01
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.