HLSE:EEZY

Stock Analysis Report

Executive Summary

Eezy Oyj operates as a HR services company in Finland, Sweden, and Estonia.


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EEZY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-19.6%

EEZY

-51.7%

FI Professional Services

-9.9%

FI Market


1 Year Return

36.6%

EEZY

19.8%

FI Professional Services

-2.4%

FI Market

Return vs Industry: EEZY exceeded the Finnish Professional Services industry which returned 19.8% over the past year.

Return vs Market: EEZY exceeded the Finnish Market which returned -2.4% over the past year.


Shareholder returns

EEZYIndustryMarket
7 Day-19.6%-51.7%-9.9%
30 Day-16.7%-13.5%-7.6%
90 Day-16.7%-0.4%-1.6%
1 Year45.7%36.6%24.1%19.8%2.0%-2.4%
3 Yearn/a90.2%70.6%19.1%5.0%
5 Yearn/a65.9%44.0%29.5%5.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Eezy 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: EEZY (€5.75) is trading below our estimate of fair value (€14.62)

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


Price To Earnings Ratio

PE vs Industry: EEZY is poor value based on its PE Ratio (145.5x) compared to the Professional Services industry average (35.3x).

PE vs Market: EEZY is poor value based on its PE Ratio (145.5x) compared to the Finnish market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: EEZY is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: EEZY is good value based on its PB Ratio (1.4x) compared to the FI Professional Services industry average (1.4x).


Next Steps

Future Growth

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

56.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EEZY's forecast earnings growth (56.9% per year) is above the savings rate (-0.1%).

Earnings vs Market: EEZY's earnings (56.9% per year) are forecast to grow faster than the Finnish market (9.7% per year).

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

Revenue vs Market: EEZY's revenue (17.8% per year) is forecast to grow faster than the Finnish market (0.07% per year).

High Growth Revenue: EEZY's revenue (17.8% 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 (1.6%).


Next Steps

Past Performance

How has Eezy Oyj performed over the past 5 years?

57.0%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: EEZY has high quality earnings.

Growing Profit Margin: EEZY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EEZY has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: EEZY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EEZY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (19.7%).


Return on Equity

High ROE: EEZY's Return on Equity (0.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Eezy Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: EEZY's short term assets (€54.3M) do not cover its short term liabilities (€56.1M).

Long Term Liabilities: EEZY's short term assets (€54.3M) exceed its long term liabilities (€52.7M).


Debt to Equity History and Analysis

Debt Level: EEZY's debt to equity ratio (51.7%) is considered high.

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


Balance Sheet

Inventory Level: EEZY has a low level of unsold assets or inventory.

Debt Coverage by Assets: EEZY's debt is covered by short term assets (assets are 1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: EEZY is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: EEZY is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.39%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%2.4%markettop25%5.1%industryaverage2.9%forecastin3Years5.2%

Current dividend yield vs market & industry

Notable Dividend: EEZY's dividend (1.39%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.36%).

High Dividend: EEZY's dividend (1.39%) is low compared to the top 25% of dividend payers in the Finnish market (5.06%).


Stability and Growth of Payments

Stable Dividend: EEZY is not paying a notable dividend for the Finnish market, therefore no need to check if payments are stable.

Growing Dividend: EEZY is not paying a notable dividend for the Finnish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: EEZY is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EEZY's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Sami Asikainen (48yo)

0.5yrs

Tenure

0

Mr. Sami Asikainen has been Chief Executive Officer at VMP Oyj since August 23, 2019. He has been Managing Director of Wulff Oy AB at Wulff-Group Plc since August 10, 2011. Mr. Asikainen has been Sales Dir ...


Leadership Team

NamePositionTenureCompensationOwnership
Sami Asikainen
Chief Executive Officer0.5yrsno datano data
Hannu Nyman
Chief Financial Officer0.8yrsno datano data
Tomi Laaksola
Director of Staffing Services1.1yrsno datano data
Jani Suominen
Director of Entrepreneur Services2.1yrsno data0.33% 488.1k
Aki Peiju
Chief Digital Officer0.7yrsno datano data
Hanna Lehto
CCO & CMO0.4yrsno datano data
Laura Santasalo
Director of Recruitment & Organizational Development Services1.1yrsno datano data

0.8yrs

Average Tenure

49yo

Average Age

Experienced Management: EEZY's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mika Uotila
Independent Director3.1yrsno datano data
Timo Mänty
Director0.5yrsno datano data
Tapio Pajuharju
Chairman of the Board0.5yrsno data0.73% 1.1m
Liisa Harjula
Independent Director3.1yrsno datano data
Paul-Petteri Savolainen
Independent Director7.1yrsno data0.30% 446.3k
Kati Hagros
Independent Director0.9yrsno datano data
Jarno Suominen
Director0.5yrsno datano data
Timo Laine
Independent Director0.5yrsno datano data

0.7yrs

Average Tenure

48.5yo

Average Age

Experienced Board: EEZY's board of directors are not considered experienced ( 0.7 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Eezy Oyj
  • Ticker: EEZY
  • Exchange: HLSE
  • Founded: 1988
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: €147.854m
  • Shares outstanding: 24.85m
  • Website: https://www.eezygroup.fi

Number of Employees


Location

  • Eezy Oyj
  • Maariankatu 6 B
  • Turku
  • Finland Proper
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EEZYHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURJun 2018

Biography

Eezy Oyj operates as a HR services company in Finland, Sweden, and Estonia. The company offers staffing services, including temporary labor to corporate customers under the VMP Varamiespalvelu, Staffplus, Henkilöstötalo Voima, and Enjoy brands. It also provides recruitment and organizational development services, including permanent staff recruitment, as well as training, change management, recruitment, and headhunting services under the Personnel and VMP brand names. In addition, the company offers self-employment services under the Eezy brand name; and home care services under the Alina brand. It provides its services through its own units and franchisees. The company was formerly known as VMP Oyj and changed its name to Eezy Oyj in December 2019. Eezy Oyj was founded in 1988 and is based in Turku, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 23:16
End of Day Share Price2020/02/28 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.