Eezy Oyj (HLSE:EEZY) - Share price, News & Analysis

EEZY fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	5/6
Financial Health	2/6
Dividends	3/6

EEZY Stock Overview

Eezy Oyj operates as a HR services company primarily in Finland.

Rewards

Trading at 66.9% below our estimate of its fair value

Earnings are forecast to grow 16.64% per year

Earnings grew by 193.6% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Eezy Oyj Competitors

Enersense International Oyj

HLSE:ESENSE

€117.4m

ManpowerGroup

NYSE:MAN

US$4.7b

Attendo

OM:ATT

kr3.8b

Price History & Performance

Summary of all time highs, changes and price drops for Eezy Oyj
Historical stock prices
Current Share Price	€5.00
52 Week High	€7.20
52 Week Low	€4.63
Beta	1.78
1 Month Change	-9.75%
3 Month Change	-5.66%
1 Year Change	-18.03%
3 Year Change	0.81%
5 Year Change	n/a
Change since IPO	-4.22%

Recent News & Updates

May 13

Is Now An Opportune Moment To Examine Eezy Oyj (HEL:EEZY)?

Eezy Oyj ( HEL:EEZY ), might not be a large cap stock, but it saw significant share price movement during recent months...

Shareholder Returns

	EEZY	FI Professional Services	FI Market
7D	-1.6%	-0.7%	-0.9%
1Y	-18.0%	-20.5%	-12.2%

Return vs Industry: EEZY exceeded the Finnish Professional Services industry which returned -20.5% over the past year.

Return vs Market: EEZY underperformed the Finnish Market which returned -12.2% over the past year.

Price Volatility

Is EEZY's price volatile compared to industry and market?
EEZY volatility
EEZY Average Weekly Movement	5.3%
Professional Services Industry Average Movement	5.9%
Market Average Movement	6.0%
10% most volatile stocks in FI Market	8.7%
10% least volatile stocks in FI Market	4.1%

Stable Share Price: EEZY is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: EEZY's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	3,570	Sami Asikainen	https://www.eezy.fi

Eezy Oyj operates as a HR services company primarily in Finland. The company offers staff leasing services; personnel and praised training services for corporate clients, and foreign workforce solutions by bringing skilled and qualified employees from abroad to Finland. It also provides recruitment services, such as executive search, personal assessment comprising an aptitude test, and interim management services; and organization development services, which include the development of personnel experience, development of customer experience, outplacement, and employment services for the public administration organizations.

Eezy Oyj Fundamentals Summary

How do Eezy Oyj's earnings and revenue compare to its market cap?
EEZY fundamental statistics
Market Cap	€125.23m
Earnings (TTM)	€7.42m
Revenue (TTM)	€217.63m

16.9x

P/E Ratio

0.6x

P/S Ratio

Is EEZY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EEZY income statement (TTM)
Revenue	€217.63m
Cost of Revenue	€184.24m
Gross Profit	€33.39m
Other Expenses	€25.97m
Earnings	€7.42m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)	0.30
Gross Margin	15.34%
Net Profit Margin	3.41%
Debt/Equity Ratio	51.7%

How did EEZY perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

50%

Payout Ratio

Does EEZY pay a reliable dividends?

See EEZY dividend history and benchmarks

When do you need to buy EEZY by to receive an upcoming dividend?
Eezy Oyj dividend dates
Ex Dividend Date	Oct 19 2022
Dividend Pay Date	Oct 27 2022
Days until Ex dividend	147 days
Days until Dividend pay date	155 days

Does EEZY pay a reliable dividends?

See EEZY dividend history and benchmarks

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EEZY (€5) is trading below our estimate of fair value (€15.11)

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

Price To Earnings Ratio

PE vs Industry: EEZY is good value based on its Price-To-Earnings Ratio (16.9x) compared to the Finnish Professional Services industry average (24x).

PE vs Market: EEZY is good value based on its Price-To-Earnings Ratio (16.9x) compared to the Finnish market (17.4x).

Price to Earnings Growth Ratio

PEG Ratio: EEZY is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: EEZY is good value based on its Price-To-Book Ratio (1.2x) compared to the FI Professional Services industry average (2.1x).

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EEZY's forecast earnings growth (16.6% per year) is above the savings rate (0.2%).

Earnings vs Market: EEZY's earnings (16.6% per year) are forecast to grow faster than the Finnish market (8.6% per year).

High Growth Earnings: EEZY's earnings are forecast to grow, but not significantly.

Revenue vs Market: EEZY's revenue (6.4% per year) is forecast to grow faster than the Finnish market (2.9% per year).

High Growth Revenue: EEZY's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EEZY's Return on Equity is forecast to be low in 3 years time (12.7%).

Past Performance

How has Eezy Oyj performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

19.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EEZY has high quality earnings.

Growing Profit Margin: EEZY's current net profit margins (3.4%) are higher than last year (1.5%).

Past Earnings Growth Analysis

Earnings Trend: EEZY's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: EEZY's earnings growth over the past year (193.6%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: EEZY earnings growth over the past year (193.6%) exceeded the Professional Services industry 13%.

Return on Equity

High ROE: EEZY's Return on Equity (7.2%) is considered low.

Financial Health

How is Eezy Oyj's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EEZY's short term assets (€42.0M) exceed its short term liabilities (€40.8M).

Long Term Liabilities: EEZY's short term assets (€42.0M) do not cover its long term liabilities (€62.3M).

Debt to Equity History and Analysis

Debt Level: EEZY's net debt to equity ratio (43.1%) is considered high.

Reducing Debt: Insufficient data to determine if EEZY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EEZY's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: EEZY's interest payments on its debt are well covered by EBIT (8.1x coverage).

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.00%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: EEZY's dividend (3%) is higher than the bottom 25% of dividend payers in the Finnish market (2.38%).

High Dividend: EEZY's dividend (3%) is low compared to the top 25% of dividend payers in the Finnish market (4.68%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EEZY has been paying a dividend for less than 10 years.

Growing Dividend: EEZY's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.4%), EEZY's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45.7%), EEZY's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure

CEO

Sami Asikainen (50 yo)

2.75yrs

Tenure

€296,000

Compensation

Mr. Sami Asikainen has been Chief Executive Officer and President at Eezy Oyj (formerly known as VMP Oyj) since August 23, 2019. He has been Managing Director of Wulff Oy AB at Wulff-Group Plc since August...

CEO Compensation Analysis

Compensation vs Market: Sami's total compensation ($USD317.60K) is about average for companies of similar size in the Finnish market ($USD280.73K).

Compensation vs Earnings: Sami's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: EEZY's management team is considered experienced (2.9 years average tenure).

Board Members

Experienced Board: EEZY's board of directors are considered experienced (4.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31