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CAV1

Caverion OyjHLSE:CAV1V Stock Report

Market Cap

€888.1m

7D

-3.0%

1Y

12.6%

Updated

24 Nov, 2021

Data

Company Financials +
CAV1V fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends2/6

CAV1V Stock Overview

Caverion Oyj, together with its subsidiaries, operates as a service company in building systems, construction services, and services for industry in Northern, Central, and Eastern Europe.

Rewards

Trading at 63.6% below our estimate of its fair value

Earnings are forecast to grow 38.26% per year

Risk Analysis

No risks detected for CAV1V from our risk checks.

Caverion Oyj Competitors

Sodexo

ENXTPA:SW

€11.5b

ISS

CPSE:ISS

kr.23.0b

Bravida Holding

OM:BRAV

kr25.0b

Instalco

OM:INSTAL

kr20.4b

Price History & Performance

Summary of all time highs, changes and price drops for Caverion Oyj
Historical stock prices
Current Share Price€6.51
52 Week High€7.94
52 Week Low€5.06
Beta1.54
1 Month Change-4.27%
3 Month Change-14.90%
1 Year Change12.63%
3 Year Change21.00%
5 Year Change0%
Change since IPO44.67%

Recent News & Updates

Nov 06
What Is Caverion Oyj's (HEL:CAV1V) Share Price Doing?

What Is Caverion Oyj's (HEL:CAV1V) Share Price Doing?

Caverion Oyj ( HEL:CAV1V ), is not the largest company out there, but it saw significant share price movement during...

Sep 13
Does Caverion Oyj (HEL:CAV1V) Have A Healthy Balance Sheet?

Does Caverion Oyj (HEL:CAV1V) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

CAV1VFI Commercial ServicesFI Market
7D-3.0%-2.2%-1.8%
1Y12.6%8.2%13.3%

Return vs Industry: CAV1V exceeded the Finnish Commercial Services industry which returned 8.2% over the past year.

Return vs Market: CAV1V matched the Finnish Market which returned 13.3% over the past year.

Price Volatility

Is CAV1V's price volatile compared to industry and market?
CAV1V volatility
CAV1V Average Weekly Movement3.7%
Commercial Services Industry Average Movement3.7%
Market Average Movement4.5%
10% most volatile stocks in FI Market6.9%
10% least volatile stocks in FI Market3.0%

Stable Share Price: CAV1V is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CAV1V's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191214,773Jacob Götzschehttps://www.caverion.com

Caverion Oyj, together with its subsidiaries, operates as a service company in building systems, construction services, and services for industry in Northern, Central, and Eastern Europe. It designs, builds, operates, and maintains technical solutions for buildings and industries. The company provides a range of services, including technical and industrial maintenance, facility management, smart technologies, and advisory services; and delivers building technology and infrastructure projects, such as smart and energy efficient solutions, as well as project management and execution services.

Caverion Oyj Fundamentals Summary

How do Caverion Oyj's earnings and revenue compare to its market cap?
CAV1V fundamental statistics
Market Cap€888.08m
Earnings (TTM)€18.20m
Revenue (TTM)€2.13b

48.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAV1V income statement (TTM)
Revenue€2.13b
Cost of Revenue€509.30m
Gross Profit€1.62b
Expenses€1.61b
Earnings€18.20m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)0.13
Gross Margin76.13%
Net Profit Margin0.85%
Debt/Equity Ratio71.5%

How did CAV1V perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

75%

Payout Ratio

Valuation

Is Caverion Oyj 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: CAV1V (€6.51) is trading below our estimate of fair value (€17.87)

Significantly Below Fair Value: CAV1V is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CAV1V is poor value based on its PE Ratio (48.8x) compared to the European Commercial Services industry average (20.6x).

PE vs Market: CAV1V is poor value based on its PE Ratio (48.8x) compared to the Finnish market (23.1x).


Price to Earnings Growth Ratio

PEG Ratio: CAV1V is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CAV1V is overvalued based on its PB Ratio (4.6x) compared to the FI Commercial Services industry average (2.6x).


Future Growth

How is Caverion Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAV1V's forecast earnings growth (38.3% per year) is above the savings rate (0.2%).

Earnings vs Market: CAV1V's earnings (38.3% per year) are forecast to grow faster than the Finnish market (3.9% per year).

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

Revenue vs Market: CAV1V's revenue (4.8% per year) is forecast to grow faster than the Finnish market (3.5% per year).

High Growth Revenue: CAV1V's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAV1V's Return on Equity is forecast to be high in 3 years time (27.2%)


Past Performance

How has Caverion Oyj performed over the past 5 years?

45.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAV1V has high quality earnings.

Growing Profit Margin: CAV1V's current net profit margins (0.9%) are lower than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: CAV1V has become profitable over the past 5 years, growing earnings by 45.9% per year.

Accelerating Growth: CAV1V's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CAV1V had negative earnings growth (-28.6%) over the past year, making it difficult to compare to the Commercial Services industry average (39.8%).


Return on Equity

High ROE: CAV1V's Return on Equity (10.4%) is considered low.


Financial Health

How is Caverion Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: CAV1V's short term assets (€661.6M) do not cover its short term liabilities (€732.4M).

Long Term Liabilities: CAV1V's short term assets (€661.6M) exceed its long term liabilities (€329.4M).


Debt to Equity History and Analysis

Debt Level: CAV1V's net debt to equity ratio (29.1%) is considered satisfactory.

Reducing Debt: CAV1V's debt to equity ratio has reduced from 96.8% to 71.5% over the past 5 years.

Debt Coverage: CAV1V's debt is well covered by operating cash flow (62.9%).

Interest Coverage: CAV1V's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

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

1.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAV1V's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.67%).

High Dividend: CAV1V's dividend (1.54%) is low compared to the top 25% of dividend payers in the Finnish market (3.6%).


Stability and Growth of Payments

Stable Dividend: CAV1V has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CAV1V has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.8%), CAV1V's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAV1V's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jacob Götzsche (54 yo)

0.25

Tenure

Mr. Jacob Götzsche serves as President, Chief Executive Officer and Member of the Management Board at Caverion Oyj since August 9, 2021. He had been Chief Executive Officer of Europe at ISS A/S since March...


Leadership Team

Experienced Management: CAV1V's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: CAV1V's board of directors are considered experienced (4.7 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

Caverion Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Caverion Oyj
  • Ticker: CAV1V
  • Exchange: HLSE
  • Founded: 1912
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €888.079m
  • Shares outstanding: 136.42m
  • Website: https://www.caverion.com

Number of Employees


Location

  • Caverion Oyj
  • Torpantie 2
  • Vantaa
  • Uusimaa
  • 1650
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 22:49
End of Day Share Price2021/11/24 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.