HLSE:EEZY

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued with reasonable growth potential.


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 is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EEZY's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0%

EEZY

-3.6%

FI Professional Services

0.1%

FI Market


1 Year Return

-16.2%

EEZY

14.4%

FI Professional Services

10.3%

FI Market

Return vs Industry: EEZY underperformed the Finnish Professional Services industry which returned 18.7% over the past year.

Return vs Market: EEZY underperformed the Finnish Market which returned 10.2% over the past year.


Shareholder returns

EEZYIndustryMarket
7 Day0%-3.6%0.1%
30 Day2.8%-3.1%4.5%
90 Day44.5%16.9%20.5%
1 Year-14.5%-16.2%17.7%14.4%19.3%10.3%
3 Yearn/a103.5%83.1%37.5%13.9%
5 Yearn/a275.3%204.9%82.8%42.5%

Long-Term 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?

44.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EEZY (€5.78) is trading below our estimate of fair value (€10.31)

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 PE Ratio (41.5x) compared to the FI Professional Services industry average (45.3x).

PE vs Market: EEZY is poor value based on its PE Ratio (41.5x) compared to the Finnish market (28x).


Price to Earnings Growth Ratio

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


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 (2.6x).


Next Steps

Future Growth

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

45.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EEZY's forecast earnings growth (45.8% per year) is above the savings rate (0.3%).

Earnings vs Market: EEZY's earnings (45.8% per year) are forecast to grow faster than the Finnish market (16.1% per year).

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

Revenue vs Market: EEZY's revenue (9.6% per year) is forecast to grow faster than the Finnish market (4.1% per year).

High Growth Revenue: EEZY's revenue (9.6% 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 (12.2%).


Next Steps

Past Performance

How has Eezy Oyj performed over the past 5 years?

-67.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: EEZY has high quality earnings.

Growing Profit Margin: EEZY's current net profit margins (1.6%) are lower than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if EEZY's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: EEZY had negative earnings growth (-67.2%) over the past year, making it difficult to compare to the Professional Services industry average (10.2%).


Return on Equity

High ROE: EEZY's Return on Equity (3.7%) is considered low.


Next Steps

Financial Health

How is Eezy Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: EEZY's short term assets (€49.0M) do not cover its short term liabilities (€51.0M).

Long Term Liabilities: EEZY's short term assets (€49.0M) do not cover its long term liabilities (€59.2M).


Debt to Equity History and Analysis

Debt Level: EEZY's debt to equity ratio (51.6%) 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 well covered by operating cash flow (48.7%).

Interest Coverage: EEZY's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EEZY's dividend (1.73%) is higher than the bottom 25% of dividend payers in the Finnish market (1.64%).

High Dividend: EEZY's dividend (1.73%) is low compared to the top 25% of dividend payers in the Finnish market (3.9%).


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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.7%), EEZY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EEZY's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Sami Asikainen (49 yo)

1.42yrs

Tenure

€213,801

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 ($USD258.62K) is below average for companies of similar size in the Finnish market ($USD400.15K).

Compensation vs Earnings: Insufficient data to compare Sami's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Sami Asikainen
President & CEO1.42yrs€213.80k1.63%
€ 2.3m
Hannu Nyman
Chief Financial Officer1.67yrsno data0.017%
€ 23.7k
Hanna Lehto
Chief Communications Officer & Chief Marketing Officer1.33yrsno data0.0020%
€ 2.9k
Tomi Laaksola
Director of Staffing Services2yrsno datano data
Jani Suominen
Director of Entrepreneur Services3yrsno data0.33%
€ 474.2k

1.7yrs

Average Tenure

49yo

Average Age

Experienced Management: EEZY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mika Uotila
Director4yrsno datano data
Timo Mänty
Independent Director1.42yrs€8.00kno data
Tapio Pajuharju
Independent Chairman of the Board1.42yrs€24.00k0.75%
€ 1.1m
Liisa Harjula
Director4yrsno datano data
Paul-Petteri Savolainen
Director8yrsno data0.30%
€ 433.5k
Kati Hagros
Independent Director1.83yrs€18.00k0.020%
€ 28.9k
Jarno Suominen
Director1.42yrsno datano data
Timo Laine
Independent Director1.42yrsno datano data

1.6yrs

Average Tenure

49.5yo

Average Age

Experienced Board: EEZY's board of directors are not considered experienced ( 1.6 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

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: €143.629m
  • Shares outstanding: 24.85m
  • Website: https://www.eezy.fi

Number of Employees


Location

  • Eezy Oyj
  • PL 901
  • Turku
  • Finland Proper
  • 20101
  • Finland

Listings

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

Biography

Eezy Oyj operates as a HR services company primarily in Finland. It offers staffing services, including temporary labour to corporate customers through its own units and franchisees. The company also provi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/27 20:45
End of Day Share Price2021/01/27 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.