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Etteplan Oyj

HLSE:ETTE
Snowflake Description

Solid track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETTE
HLSE
€247M
Market Cap
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Last updated 2019/07/22 20:38
Company description

Etteplan Oyj provides industrial equipment and plant engineering, embedded systems, Internet of Things (IoT), and technical documentation solutions and services in Finland, Sweden, China, and Central Europe. The last earnings update was 75 days ago. More info.

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ETTE Share Price and Events
7 Day Returns
-0.2%
HLSE:ETTE
0.1%
FI Professional Services
-0.3%
FI Market
1 Year Returns
15.8%
HLSE:ETTE
26.7%
FI Professional Services
-4%
FI Market
ETTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Etteplan Oyj (ETTE) -0.2% 10.7% 22.4% 15.8% 112.4% 209.3%
FI Professional Services 0.1% 2.3% 4.1% 26.7% 121.8% 120.2%
FI Market -0.3% -0.3% -3.6% -4% 14.5% 24.8%
1 Year Return vs Industry and Market
  • ETTE underperformed the Professional Services industry which returned 26.7% over the past year.
  • ETTE outperformed the Market in Finland which returned -4% over the past year.
Price Volatility
ETTE
Industry
5yr Volatility vs Market

ETTE Value

 Is Etteplan 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 Etteplan 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 Etteplan Oyj.

HLSE:ETTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
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:ETTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 20%) (19.51%)) 		0.989
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.989 * 6.51%) 		6.98%

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

The calculations below outline how an intrinsic value for Etteplan 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:ETTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.98%)
2020 17.57 Analyst x3 16.42
2021 18.07 Analyst x3 15.79
2022 17.75 Analyst x2 14.50
2023 18.60 Analyst x2 14.20
2024 18.83 Est @ 1.25% 13.44
2025 19.03 Est @ 1.03% 12.69
2026 19.19 Est @ 0.89% 11.97
2027 19.34 Est @ 0.78% 11.28
2028 19.48 Est @ 0.71% 10.61
2029 19.61 Est @ 0.66% 9.99
Present value of next 10 years cash flows €130.88
HLSE:ETTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €19.61 × (1 + 0.54%) ÷ (6.98% – 0.54%) 		€306.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €306.12 ÷ (1 + 6.98%)10 		€155.90
HLSE:ETTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €130.88 + €155.90 		€286.78
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €286.78 / 24.83 		€11.55
HLSE:ETTE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €11.55
Current discount Discount to share price of €9.96
= -1 x (€9.96 - €11.55) / €11.55 		13.8%

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

Current Discount
Amount off the current price Etteplan Oyj is available for.
Intrinsic value
14%
Share price is €9.96 vs Future cash flow value of €11.55
Current Discount Checks
For Etteplan Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Etteplan Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Etteplan 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 Etteplan Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Etteplan Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:ETTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.66
HLSE:ETTE Share Price ** HLSE (2019-07-22) in EUR €9.96
Finland Professional Services Industry PE Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 25.28x
Finland Market PE Ratio Median Figure of 108 Publicly-Listed Companies 20.07x

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

** Primary Listing of Etteplan Oyj.

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

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

= 9.96 ÷ 0.66

 15.17x

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

  • Etteplan Oyj is good value based on earnings compared to the FI Professional Services industry average.
  • Etteplan Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Etteplan Oyj's expected growth come at a high price?
Raw Data
HLSE:ETTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts		 4.1%per year
Finland Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.64x
Finland Market PEG Ratio Median Figure of 93 Publicly-Listed Companies 1.77x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.17x ÷ 4.1%

 3.66x

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

  • Etteplan Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Etteplan Oyj's assets?
Raw Data
HLSE:ETTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €2.88
HLSE:ETTE Share Price * HLSE (2019-07-22) in EUR €9.96
Finland Professional Services Industry PB Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 2.24x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.95x
HLSE:ETTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.96 ÷ 2.88

 3.46x

* Primary Listing of Etteplan Oyj.

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

  • Etteplan Oyj is overvalued based on assets compared to the FI Professional Services industry average.
X
Value checks
We assess Etteplan 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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
    5. Etteplan 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.

ETTE Future Performance

 How is Etteplan Oyj expected to perform in the next 1 to 3 years based on estimates from 3 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
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Etteplan Oyj expected to grow at an attractive rate?
  • Etteplan Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Etteplan Oyj's earnings growth is positive but not above the Finland market average.
  • Etteplan Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:ETTE Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:ETTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 4.1%
HLSE:ETTE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.6%
Finland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
Finland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2%

*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:ETTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:ETTE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 298 34 1
2022-12-31 299 33 19 2
2021-12-31 283 32 19 3
2020-12-31 271 31 18 3
2019-12-31 257 28 18 3
HLSE:ETTE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 243 25 16
2018-12-31 236 23 15
2018-09-30 232 19 14
2018-06-30 227 19 13
2018-03-31 219 20 12
2017-12-31 215 18 11
2017-09-30 209 16 11
2017-06-30 204 13 10
2017-03-31 200 9 9
2016-12-31 184 6 7
2016-09-30 171 4 6
2016-06-30 161 6 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Etteplan Oyj's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
  • Etteplan Oyj's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
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:ETTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Etteplan Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:ETTE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.76 0.76 0.76 1.00
2021-12-31 0.77 0.83 0.73 3.00
2020-12-31 0.72 0.76 0.70 3.00
2019-12-31 0.70 0.71 0.69 3.00
HLSE:ETTE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.66
2018-12-31 0.62
2018-09-30 0.57
2018-06-30 0.54
2018-03-31 0.48
2017-12-31 0.47
2017-09-30 0.45
2017-06-30 0.41
2017-03-31 0.37
2016-12-31 0.33
2016-09-30 0.28
2016-06-30 0.29

*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.
  • Etteplan Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Professional Services industry
X
Future performance checks
We assess Etteplan 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 Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland 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.
Etteplan Oyj has a total score of 3/6, 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.

ETTE Past Performance

  How has Etteplan 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 Etteplan Oyj's growth in the last year to its industry (Professional Services).
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.
  • Etteplan Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Etteplan Oyj's 1-year earnings growth exceeds its 5-year average (37% vs 26.5%)
  • Etteplan Oyj's earnings growth has not exceeded the FI Professional Services industry average in the past year (37% vs 43.4%).
Earnings and Revenue History
Etteplan 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 Etteplan Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:ETTE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 243.14 16.30 6.37
2018-12-31 236.48 15.28 6.37
2018-09-30 232.11 14.32
2018-06-30 226.65 13.16
2018-03-31 218.93 11.90 5.89
2017-12-31 214.77 11.47 5.89
2017-09-30 209.39 10.88
2017-06-30 204.24 10.21
2017-03-31 200.14 8.82
2016-12-31 183.94 7.44
2016-09-30 171.17 6.32
2016-06-30 161.07 6.17
2016-03-31 145.10 6.17
2015-12-31 141.14 6.12
2015-09-30 136.14 6.51
2015-06-30 133.79 6.56
2015-03-31 133.28 6.58
2014-12-31 131.92 5.93
2014-09-30 128.99 4.57
2014-06-30 126.97 4.15
2014-03-31 127.47 4.07
2013-12-31 128.65 4.29
2013-09-30 131.15 4.72
2013-06-30 132.55 4.91
2013-03-31 133.31 4.98
2012-12-31 134.48 5.77
2012-09-30 132.28 5.26

*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.
  • Etteplan Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Etteplan Oyj used its assets more efficiently than the FI Professional Services industry average last year based on Return on Assets.
  • Etteplan Oyj has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Professional Services industry
X
Past performance checks
We assess Etteplan 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 Professional Services 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.
Etteplan Oyj has a total score of 5/6, 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.

ETTE Health

 How is Etteplan 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 Etteplan Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Etteplan Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Etteplan Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Etteplan 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 1.5x 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 Etteplan Oyj Company Filings, last reported 3 months ago.

HLSE:ETTE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 71.49 48.25 18.18
2018-12-31 67.53 33.25 16.12
2018-09-30 63.13 40.96 6.43
2018-06-30 59.65 40.35 7.85
2018-03-31 59.94 32.65 8.97
2017-12-31 57.92 32.35 10.07
2017-09-30 54.94 40.53 4.62
2017-06-30 54.76 35.89 4.27
2017-03-31 55.78 34.04 3.73
2016-12-31 52.78 32.74 4.75
2016-09-30 49.84 41.89 3.77
2016-06-30 49.17 38.63 5.95
2016-03-31 35.87 20.17 3.41
2015-12-31 34.62 21.49 8.81
2015-09-30 32.27 26.74 5.37
2015-06-30 29.46 21.42 3.66
2015-03-31 27.60 19.15 1.82
2014-12-31 28.75 17.41 2.58
2014-09-30 27.03 24.75 1.94
2014-06-30 25.04 23.40 1.88
2014-03-31 23.88 23.00 0.96
2013-12-31 25.48 18.39 0.98
2013-09-30 25.06 23.27 1.12
2013-06-30 23.85 22.25 2.26
2013-03-31 23.32 21.63 3.30
2012-12-31 24.68 19.18 5.40
2012-09-30 23.83 24.68 1.02
  • Etteplan Oyj's level of debt (67.5%) 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 (96.3% vs 67.5% today).
  • Debt is well covered by operating cash flow (52.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.2x coverage).
Show me more healthy companies in the Professional Services industry
X
Financial health checks
We assess Etteplan 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. Etteplan Oyj has a total score of 5/6, 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.

ETTE Dividends

 What is Etteplan 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
3.01%
Current annual income from Etteplan Oyj dividends. Estimated to be 3.6% next year.
If you bought €2,000 of Etteplan Oyj shares you are expected to receive €60 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?
  • Etteplan Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.25%).
  • Etteplan Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.21%).
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:ETTE 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 3 Analyst Estimates (S&P Global) See Below
Finland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.2%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

HLSE:ETTE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.38 3.00
2020-12-31 0.36 3.00
2019-12-31 0.34 3.00
HLSE:ETTE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.300 3.498
2018-02-08 0.230 2.740
2017-02-09 0.160 2.016
2016-02-11 0.150 2.960
2015-02-11 0.150 3.512
2014-03-27 0.110 3.463
2013-02-15 0.150 4.747
2012-03-09 0.100 3.764
2012-02-14 0.100 3.982
2011-02-15 0.100 3.858
2010-02-11 0.040 1.379
2009-03-05 0.080 2.732

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Etteplan Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
Show me more dividend paying companies in the Professional Services industry
X
Income/ dividend checks
We assess Etteplan Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Etteplan Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Etteplan Oyj has a total score of 4/6, see the detailed checks below.


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

ETTE Management

 What is the CEO of Etteplan 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
Juha Näkki
COMPENSATION €550,000
AGE 46
TENURE AS CEO 7.5 years
CEO Bio

Mr. Juha Näkki, M.Sc. (Eng.) has been the President and Chief Executive Officer at Etteplan Oyj since 2012. Mr. Näkki has been the Chairman of the Management Group at Etteplan Oyj since 2012 and also as its Member of the Management Group since 2008. Mr. Näkki served as Vice President of Etteplan Operations at Etteplan Oyj since 2008. He served as Marine Business Manager of KONE Corporation from 2004 to 2005. He served as Sales Manager of Evac Oy from 2002 to 2004. Mr. Näkki served as System Responsible Engineer and Project Coordinator of HVAC Engineering of Kvaerner Masa-Yards from 1999 to 2002. Mr. Näkki has been Member of Extented Management Group of Etteplan Oyj since 2006.

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

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

4.5
Average Tenure
54
Average Age
  • The tenure for the Etteplan Oyj management team is about average.
Management Team

Juha Näkki

TITLE
President
COMPENSATION
€550K
AGE
46
TENURE
7.5 yrs

Per-Anders Gådin

TITLE
CFO, Management Group Member & Senior VP of Finance
AGE
54
TENURE
10.5 yrs

Veikko Lamminen

TITLE
Senior VP of Operational Excellence & Management Group Member
AGE
59
TENURE
7.5 yrs

Mikael Vatn

TITLE
Senior VP of Technical Documentation Solutions & Management Group Member
AGE
52
TENURE
7.5 yrs

Petri Ikonen

TITLE
Senior VP of Solutions & Technologies and Management Group Member
COMPENSATION
€8K
AGE
55
TENURE
4.5 yrs

Riku Riikonen

TITLE
Senior VP of Engineering Solutions & Management Group member
AGE
42
TENURE
4.5 yrs

Kari Liuska

TITLE
Senior VP of Software & Embedded Solutions and Management Group Member
AGE
54
TENURE
3.5 yrs

Outi Torniainen

TITLE
Senior VP of Communications & Marketing and Management Group member
AGE
54
TENURE
3.5 yrs

Jukka Lahtinen

TITLE
Senior VP of Global Sales & Management Group Member
AGE
56
TENURE
0.5 yrs
Board of Directors Tenure

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

4.3
Average Tenure
58
Average Age
  • The tenure for the Etteplan Oyj board of directors is about average.
Board of Directors

Robert Ingman

TITLE
Chairman of the Board
COMPENSATION
€63K
AGE
58
TENURE
6.5 yrs

Leena Saarinen

TITLE
Independent Director
COMPENSATION
€36K
AGE
59
TENURE
5.7 yrs

Matti Huttunen

TITLE
Independent Director
COMPENSATION
€30K
AGE
52
TENURE
4.3 yrs

Cristina Andersson

TITLE
Director
COMPENSATION
€30K
AGE
60
TENURE
2.3 yrs

Mikko Tepponen

TITLE
Director
COMPENSATION
€30K
AGE
40
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Etteplan 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. Etteplan 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.

ETTE News

Simply Wall St News

Here's Why I Think Etteplan Oyj (HEL:ETTE) Is An Interesting Stock

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Etteplan Oyj (HEL:ETTE). … See our latest analysis for Etteplan Oyj Etteplan Oyj's Earnings Per Share Are Growing. … Given my belief that share price follows earnings per share you can easily imagine how I feel about Etteplan Oyj's strong EPS growth.

Simply Wall St - –

Did Business Growth Power Etteplan Oyj's (HEL:ETTE) Share Price Gain of 182%?

During five years of share price growth, Etteplan Oyj achieved compound earnings per share (EPS) growth of 26% per year. … We note that for Etteplan Oyj the TSR over the last 5 years was 246%, which is better than the share price return mentioned above. … A Different Perspective We're pleased to report that Etteplan Oyj shareholders have received a total shareholder return of 12% over one year.

Simply Wall St - –

Is Etteplan Oyj (HEL:ETTE) A High Quality Stock To Own?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Etteplan Oyj: 23% = €16m ÷ €71m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … But It's Just One Metric Return on equity is one way we can compare the business quality of different companies. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St - –

Is Etteplan Oyj’s (HEL:ETTE) 20% ROCE Any Good?

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 Etteplan Oyj: 0.20 = €21m ÷ (€177m - €68m) (Based on the trailing twelve months to March 2019.) So, Etteplan Oyj has an ROCE of 20%. … How Etteplan Oyj's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … A medium level of current liabilities boosts Etteplan Oyj's ROCE somewhat.

Simply Wall St - –

Did Etteplan Oyj's (HEL:ETTE) Recent Earnings Growth Beat The Trend?

Investors with a long-term horizong may find it valuable to assess Etteplan Oyj's (HEL:ETTE) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … See our latest analysis for Etteplan Oyj Did ETTE beat its long-term earnings growth trend and its industry? … I recommend you continue to research Etteplan Oyj to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for ETTE’s future growth?

Simply Wall St - –

What Does Etteplan Oyj's (HEL:ETTE) Balance Sheet Tell Us About It?

Etteplan Oyj (HEL:ETTE) is a small-cap stock with a market capitalization of €212m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St - –

Does Etteplan Oyj (HEL:ETTE) Have A High Beta?

If you're interested in Etteplan Oyj (HEL:ETTE), 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. … Beta can be a useful tool to understand how much a stock is influenced 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 - –

Is There An Opportunity With Etteplan Oyj's (HEL:ETTE) 22% Undervaluation?

How far off is Etteplan Oyj (HEL:ETTE) from its intrinsic value? … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St - –

Does Etteplan Oyj's (HEL:ETTE) CEO Pay Matter?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Juha Näkki's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Etteplan Oyj has a market cap of €191m, and is paying total annual CEO compensation of €550k.

Simply Wall St - –

Etteplan Oyj's (HEL:ETTE) Most Important Factor To Consider

What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … I will take you through Etteplan Oyj’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … I will be analysing Etteplan Oyj’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St - –

ETTE Company Info

Description

Etteplan Oyj provides industrial equipment and plant engineering, embedded systems, Internet of Things (IoT), and technical documentation solutions and services in Finland, Sweden, China, and Central Europe. The company offers engineering and technology services in the areas of automation, battery technologies, climate technologies, electrical engineering, engineering analysis and simulations, engineering and project management, mechanical and marine engineering, plant engineering, systems engineering, and stress calculation and CFD. It also provides embedded device and IoT solutions; technical documentation solutions, such as information management, software solution, and Webinars; and engineer-to-order services, outsourcing, project based assignments, and consulting services. In addition, it provides service products, including Etteplan LEAN, which provides order-to-delivery process and design engineering service; Etteplan INFO and Etteplan DOC, provides technical documentation service; Etteplan AIM, which manages and coordinates the customer’s asset information, Etteplan DRAW, which provides manufacturing drawings from 3D models; and Etteplan PARTS, which provides spare parts information. Further, the company provides software solutions, such as Hyperdoc, a content management system; Hyperparts, a spare parts system; HyperSIS, a service information system; and HyperSTE, a content checker. It serves aerospace and defense, consumer products, energy and power transmission, forest and paper, offshore and marine, industrial machinery and component, lifting and hoisting, medical technology, mining and materials handling, steel, telecom, and transportation and vehicle industries. The company was founded in 1983 and is headquartered in Vantaa, Finland. Etteplan Oyj is a subsidiary of Ingman Group Oy Ab.

Details
Name: Etteplan Oyj
ETTE
Exchange: HLSE
Founded: 1983
€247,258,334
24,825,134
Website: http://www.etteplan.com
Address: Etteplan Oyj
Ensimmäinen savu,
Vantaa,
Uusimaa, 01510,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE ETTE Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 27. Apr 2000
BST EPL Ordinary Shares Boerse-Stuttgart DE EUR 27. Apr 2000
LSE 0EDL Ordinary Shares London Stock Exchange GB EUR 27. Apr 2000
Number of employees
Current staff
Staff numbers
3,150
Etteplan Oyj employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 20:38
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/06/30
Last earnings filing: 2019/05/08
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.

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