HLSE:FONDIA

Stock Analysis Report

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Executive Summary

Fondia Oyj provides legal services primarily in Finland, Sweden, Estonia, and Lithuania. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FONDIA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

FONDIA

-3.0%

FI Professional Services

-3.7%

FI Market


1 Year Return

-4.1%

FONDIA

26.5%

FI Professional Services

2.7%

FI Market

Return vs Industry: FONDIA underperformed the Finnish Professional Services industry which returned 28.5% over the past year.

Return vs Market: FONDIA underperformed the Finnish Market which returned 5% over the past year.


Shareholder returns

FONDIAIndustryMarket
7 Day2.7%-3.0%-3.7%
30 Day4.1%6.7%1.6%
90 Day4.7%3.1%5.9%
1 Year-0.6%-4.1%29.4%26.5%11.2%2.7%
3 Year-28.1%-34.7%85.7%68.4%20.1%-0.9%
5 Yearn/a230.4%170.4%51.1%19.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

42.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FONDIA (€7.54) is trading below our estimate of fair value (€13.19)

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


Price To Earnings Ratio

PE vs Industry: FONDIA is poor value based on its PE Ratio (47.5x) compared to the FI Professional Services industry average (47.1x).

PE vs Market: FONDIA is poor value based on its PE Ratio (47.5x) compared to the Finnish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: FONDIA is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: FONDIA is overvalued based on its PB Ratio (5x) compared to the FI Professional Services industry average (3.1x).


Next Steps

Future Growth

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

28.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FONDIA's forecast earnings growth (28.9% per year) is above the savings rate (0.4%).

Earnings vs Market: FONDIA's earnings (28.9% per year) are forecast to grow faster than the Finnish market (14.9% per year).

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

Revenue vs Market: FONDIA's revenue (7.9% per year) is forecast to grow faster than the Finnish market (4.6% per year).

High Growth Revenue: FONDIA's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FONDIA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fondia Oyj performed over the past 5 years?

-18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FONDIA has a large one-off loss of €729.9K impacting its June 30 2020 financial results.

Growing Profit Margin: FONDIA's current net profit margins (3.1%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: FONDIA's earnings have declined by 18.9% per year over the past 5 years.

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

Earnings vs Industry: FONDIA had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Professional Services industry average (11%).


Return on Equity

High ROE: FONDIA's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Fondia Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: FONDIA's short term assets (€7.5M) exceed its short term liabilities (€3.8M).

Long Term Liabilities: FONDIA's short term assets (€7.5M) exceed its long term liabilities (€1,000.0).


Debt to Equity History and Analysis

Debt Level: FONDIA is debt free.

Reducing Debt: FONDIA has no debt compared to 5 years ago when its debt to equity ratio was 5.2%.

Debt Coverage: FONDIA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FONDIA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FONDIA's dividend (3.45%) is higher than the bottom 25% of dividend payers in the Finnish market (1.98%).

High Dividend: FONDIA's dividend (3.45%) is low compared to the top 25% of dividend payers in the Finnish market (4.54%).


Stability and Growth of Payments

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

Growing Dividend: FONDIA has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (163.7%), FONDIA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FONDIA's dividends in 3 years are forecast to be covered by earnings (63.2% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Leena Hellfors (48 yo)

1.75yrs

Tenure

€289,027

Compensation

Ms. Leena Hellfors is the Chief Executive Officer, President and Member of Management Board at Fondia Oyj since January 03, 2019.


CEO Compensation Analysis

Compensation vs Market: Leena's total compensation ($USD341.56K) is about average for companies of similar size in the Finnish market ($USD342.12K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Leena Hellfors
President1.75yrs€289.03kno data
Harri Savolainen
CFO & Member of Management Board1.33yrsno datano data
Anti Kodar
Managing Director of Baltics & Member of Management Board1.5yrsno datano data
Monica Söderlund
MD & Member of Management Board1.75yrsno datano data
Wilma Laukkanen
Talent Director & Member of Management Board3.75yrsno datano data
Erkki Hyvärinen
Development Director & Member of Management Board11.75yrsno datano data
JP Lyttinen
Sales & Marketing Manager0.75yrno datano data
Susanne Mattsson
Executive Director1.83yrsno datano data
Jurgita Vaiciulioniene
Managing Director of Fondia Lithuania1.42yrsno datano data
Nea Welling
Senior Legal Counsel (Leave Of Absence)2.75yrsno datano data
Eneli Perolainen
Managing Director0.083yrno datano data
Tiia-Liisa Södö
Controllerno datano datano data

1.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: FONDIA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Susanne Mattsson
Executive Director1.83yrsno datano data
Tuomo Lähdesmäki
Independent Vice-Chairman of the Board3.75yrs€30.00kno data
Johan Hammarén
Independent Director14.75yrs€18.00kno data
Juha Sarsama
Independent Chairman of the Board3.75yrs€34.50kno data
Joséphine Mickwitz
Independent Director7.75yrs€18.00kno data
Lara Saulo
Independent Director2.75yrs€18.00kno data

3.8yrs

Average Tenure

52yo

Average Age

Experienced Board: FONDIA's board of directors are considered experienced (3.8 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

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


Key Information

  • Name: Fondia Oyj
  • Ticker: FONDIA
  • Exchange: HLSE
  • Founded: 2004
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €29.519m
  • Shares outstanding: 3.95m
  • Website: https://fondia.com/en

Number of Employees


Location

  • Fondia Oyj
  • Lönnrotinkatu 5
  • Helsinki
  • Uusimaa
  • 120
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FONDIAHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURApr 2017

Biography

Fondia Oyj provides legal services primarily in Finland, Sweden, Estonia, and Lithuania. The company offers legal department as a service; legal advisory services for public and private companies, real est ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 21:56
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
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.