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Lassila & Tikanoja Oyj

HLSE:LAT1V
Snowflake Description

Questionable track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAT1V
HLSE
€572M
Market Cap
  1. Home
  2. FI
  3. Commercial Services
Company description

Lassila & Tikanoja Oyj operates as a service company in Finland, Sweden, and Russia. The last earnings update was 50 days ago. More info.


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LAT1V Share Price and Events
7 Day Returns
6%
HLSE:LAT1V
3.2%
FI Commercial Services
1.5%
FI Market
1 Year Returns
-14.4%
HLSE:LAT1V
-6.7%
FI Commercial Services
-6.5%
FI Market
LAT1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lassila & Tikanoja Oyj (LAT1V) 6% 6.6% -0.8% -14.4% -12.8% -1.1%
FI Commercial Services 3.2% 5.3% 10.6% -6.7% 8.7% 0.5%
FI Market 1.5% 2.1% -5.1% -6.5% 23.4% 23.8%
1 Year Return vs Industry and Market
  • LAT1V underperformed the Commercial Services industry which returned -6.7% over the past year.
  • LAT1V underperformed the Market in Finland which returned -6.5% over the past year.
Price Volatility
LAT1V
Industry
5yr Volatility vs Market

Value

 Is Lassila & Tikanoja 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 Lassila & Tikanoja 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 Lassila & Tikanoja Oyj.

HLSE:LAT1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:LAT1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 20%) (37.54%))
0.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.927 * 6.51%)
6.57%

Discounted Cash Flow Calculation for HLSE:LAT1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lassila & Tikanoja 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:LAT1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.57%)
2019 58.97 Analyst x3 55.33
2020 55.83 Analyst x3 49.16
2021 49.40 Analyst x3 40.81
2022 46.12 Est @ -6.63% 35.75
2023 44.06 Est @ -4.48% 32.05
2024 42.75 Est @ -2.97% 29.17
2025 41.93 Est @ -1.92% 26.85
2026 41.43 Est @ -1.18% 24.90
2027 41.16 Est @ -0.67% 23.20
2028 41.03 Est @ -0.3% 21.71
Present value of next 10 years cash flows €338.93
HLSE:LAT1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €41.03 × (1 + 0.54%) ÷ (6.57% – 0.54%)
€683.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €683.67 ÷ (1 + 6.57%)10
€361.70
HLSE:LAT1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €338.93 + €361.70
€700.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €700.62 / 38.42
€18.24
HLSE:LAT1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €18.24
Current discount Discount to share price of €14.88
= -1 x (€14.88 - €18.24) / €18.24
18.4%

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

Current Discount
Amount off the current price Lassila & Tikanoja Oyj is available for.
Intrinsic value
18%
Share price is €14.88 vs Future cash flow value of €18.24
Current Discount Checks
For Lassila & Tikanoja Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lassila & Tikanoja Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Lassila & Tikanoja 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 Lassila & Tikanoja Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lassila & Tikanoja Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:LAT1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.84
HLSE:LAT1V Share Price ** HLSE (2019-06-14) in EUR €14.88
Europe Commercial Services Industry PE Ratio Median Figure of 104 Publicly-Listed Commercial Services Companies 16.01x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.11x

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

** Primary Listing of Lassila & Tikanoja Oyj.

HLSE:LAT1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:LAT1V Share Price ÷ EPS (both in EUR)

= 14.88 ÷ 0.84

17.64x

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

  • Lassila & Tikanoja Oyj is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Lassila & Tikanoja Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Lassila & Tikanoja Oyj's expected growth come at a high price?
Raw Data
HLSE:LAT1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
5.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.33x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.73x

*Line of best fit is calculated by linear regression .

HLSE:LAT1V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.64x ÷ 5.7%

3.11x

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

  • Lassila & Tikanoja Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lassila & Tikanoja Oyj's assets?
Raw Data
HLSE:LAT1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €4.61
HLSE:LAT1V Share Price * HLSE (2019-06-14) in EUR €14.88
Finland Commercial Services Industry PB Ratio Median Figure of 5 Publicly-Listed Commercial Services Companies 1.46x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.99x
HLSE:LAT1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:LAT1V Share Price ÷ Book Value per Share (both in EUR)

= 14.88 ÷ 4.61

3.23x

* Primary Listing of Lassila & Tikanoja Oyj.

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

  • Lassila & Tikanoja Oyj is overvalued based on assets compared to the FI Commercial Services industry average.
X
Value checks
We assess Lassila & Tikanoja 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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Lassila & Tikanoja Oyj has a total score of 1/6, 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.

Future Performance

 How is Lassila & Tikanoja Oyj expected to perform in the next 1 to 3 years based on estimates from 4 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
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lassila & Tikanoja Oyj expected to grow at an attractive rate?
  • Lassila & Tikanoja Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Lassila & Tikanoja Oyj's earnings growth is positive but not above the Finland market average.
  • Lassila & Tikanoja Oyj's revenue growth is positive but not above the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:LAT1V Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:LAT1V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 5.7%
HLSE:LAT1V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.2%
Finland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 28.4%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*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:LAT1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:LAT1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 824 95 41 3
2020-12-31 812 100 39 4
2019-12-31 799 101 39 4
HLSE:LAT1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 805 98 32
2018-12-31 802 90 34
2018-09-30 804 76 34
2018-06-30 784 72 33
2018-03-31 745 69 32
2017-12-31 710 62 34
2017-09-30 672 79 34
2017-06-30 662 94 35
2017-03-31 662 102 42
2016-12-31 662 76 43
2016-09-30 659 63 42
2016-06-30 652 57 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lassila & Tikanoja Oyj's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Lassila & Tikanoja Oyj's revenue is expected to grow by 1.2% 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:LAT1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Lassila & Tikanoja Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:LAT1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.07 1.11 1.02 3.00
2020-12-31 1.02 1.05 0.99 3.00
2019-12-31 0.97 1.08 0.86 4.00
HLSE:LAT1V Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.84
2018-12-31 0.89
2018-09-30 0.89
2018-06-30 0.87
2018-03-31 0.82
2017-12-31 0.87
2017-09-30 0.87
2017-06-30 0.91
2017-03-31 1.09
2016-12-31 1.13
2016-09-30 1.09
2016-06-30 1.08

*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.
  • Lassila & Tikanoja Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Lassila & Tikanoja 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 Europe 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.
Lassila & Tikanoja Oyj has a total score of 2/6, 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.

Past Performance

  How has Lassila & Tikanoja 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 Lassila & Tikanoja Oyj's growth in the last year to its industry (Commercial 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.
  • Lassila & Tikanoja Oyj's year on year earnings growth rate has been positive over the past 5 years.
  • Lassila & Tikanoja Oyj's 1-year earnings growth is less than its 5-year average (2.5% vs 12.4%)
  • Lassila & Tikanoja Oyj's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (2.5% vs 8.5%).
Earnings and Revenue History
Lassila & Tikanoja 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 Lassila & Tikanoja Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:LAT1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 804.50 32.40
2018-12-31 802.20 34.10
2018-09-30 804.40 34.10
2018-06-30 783.50 33.30
2018-03-31 744.70 31.60
2017-12-31 709.50 33.50
2017-09-30 671.70 33.50
2017-06-30 662.30 34.80
2017-03-31 662.40 42.00
2016-12-31 661.80 43.40
2016-09-30 658.70 41.70 7.00
2016-06-30 652.30 41.50 12.70
2016-03-31 649.70 37.80 19.30
2015-12-31 646.30 37.90 25.90
2015-09-30 643.40 39.30 26.20
2015-06-30 642.00 39.60 25.90
2015-03-31 637.60 40.00 26.20
2014-12-31 639.70 18.10 26.90
2014-09-30 647.10 8.60 27.30
2014-06-30 650.80 7.20 28.10
2014-03-31 659.90 1.40 28.00
2013-12-31 668.20 22.20 27.50
2013-09-30 670.29 30.56 27.05
2013-06-30 669.61 32.25 26.98
2013-03-31 670.40 36.19 28.53
2012-12-31 673.99 34.46 28.83
2012-09-30 669.20 20.54 28.30
2012-06-30 671.45 17.80 27.70

*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.
  • Lassila & Tikanoja Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lassila & Tikanoja Oyj used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Lassila & Tikanoja Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lassila & Tikanoja 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 Commercial 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.
Lassila & Tikanoja Oyj has a total score of 2/6, 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.

Health

 How is Lassila & Tikanoja 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 Lassila & Tikanoja Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lassila & Tikanoja Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lassila & Tikanoja Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lassila & Tikanoja 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 not covered by short term assets, assets are 0.9x 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 Lassila & Tikanoja Oyj Company Filings, last reported 2 months ago.

HLSE:LAT1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 177.40 214.60 45.30
2018-12-31 212.40 152.70 54.30
2018-09-30 203.70 149.90 30.60
2018-06-30 188.30 166.90 34.80
2018-03-31 180.60 178.00 36.00
2017-12-31 217.40 166.10 48.10
2017-09-30 211.50 165.20 31.90
2017-06-30 199.10 111.30 40.20
2017-03-31 192.00 109.80 37.20
2016-12-31 223.00 67.00 28.20
2016-09-30 214.10 95.90 30.00
2016-06-30 199.20 104.00 16.30
2016-03-31 184.20 116.00 19.10
2015-12-31 211.30 96.30 54.00
2015-09-30 208.70 100.40 51.30
2015-06-30 194.70 101.60 40.60
2015-03-31 183.60 105.80 33.20
2014-12-31 206.40 96.60 44.00
2014-09-30 201.70 100.30 35.30
2014-06-30 187.00 101.30 20.50
2014-03-31 175.80 112.50 28.70
2013-12-31 211.40 123.30 58.60
2013-09-30 232.73 87.88 22.80
2013-06-30 218.08 89.65 15.46
2013-03-31 214.96 98.20 13.78
2012-12-31 233.00 98.01 15.73
2012-09-30 226.78 113.52 11.73
2012-06-30 209.63 129.47 16.74
  • Lassila & Tikanoja Oyj's level of debt (121%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.9% vs 121% today).
  • Debt is well covered by operating cash flow (45.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.9x coverage).
X
Financial health checks
We assess Lassila & Tikanoja 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. Lassila & Tikanoja Oyj has a total score of 2/6, 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.

Dividends

 What is Lassila & Tikanoja 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
6.18%
Current annual income from Lassila & Tikanoja Oyj dividends. Estimated to be 6.4% next year.
If you bought €2,000 of Lassila & Tikanoja Oyj shares you are expected to receive €124 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?
  • Lassila & Tikanoja Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.35%).
  • Lassila & Tikanoja Oyj's dividend is above the markets top 25% of dividend payers in Finland (5.32%).
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:LAT1V 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 4 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.1%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.4%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

HLSE:LAT1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.99 3.00
2020-12-31 0.95 4.00
2019-12-31 0.92 4.00
HLSE:LAT1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.920 6.389
2018-01-31 0.920 5.666
2017-02-01 0.920 4.991
2016-02-03 0.850 4.964
2015-02-04 0.750 4.319
2014-02-05 0.500 3.444
2013-02-19 0.350 2.479
2013-02-01 0.350 2.802
2012-02-02 0.000 0.000
2011-02-03 0.550 4.694
2010-03-02 0.550 3.914

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

  • Lassila & Tikanoja Oyj has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Lassila & Tikanoja Oyj only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Lassila & Tikanoja Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Lassila & Tikanoja Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Lassila & Tikanoja Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lassila & Tikanoja Oyj has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Lassila & Tikanoja 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
Eero Hautaniemi
COMPENSATION €2,100
AGE 53
TENURE AS CEO 0.4 years
CEO Bio

Mr. Eero Hautaniemi, M.Sc. (Econ.), has been President and Chief Executive Officer of Lassila & Tikanoja plc since January 1, 2019 and also serves as it's Member of the Group Executive Board since January 01, 2019. Mr. Hautaniemi served as the President and CEO of Oriola Oy since 2006 until December 18, 2017. Mr. Hautaniemi has been the Chief Executive Officer and President of Oriola-KD Corporation, a subsidiary of Oriola Oy and Kronans Droghandel AB since 2006 and served as its Managing Director since 2006. Before Oriola, he has served in several management positions at General Electric Corporation and Instrumentarium plc. He served as an Acting Vice President of Pharmaceutical Wholesale Finland & The Baltics at Oriola Oy since May 1, 2012. He served as the President of Wholesale and Distribution Division of Orion Group (a subsidiary of Orion Corp.) at Oriola-KD Corporation since January 2, 2006. He served as Director of Finance and Administration at Datex-Ohmeda Division, a subsidiary of GE Healthcare Finland Oy. He served as the Chief Executive Officer of Wholesale and Distribution Division at Orion Group since January 2, 2006. He serves as the Chairman of Oriola Oy. Mr. Hautaniemi served as the Chairman of Management Board and Member of management board of Oriola Oy. He served as a Member of Management Board at Wholesale and Distribution and Member of Group Management Team of Orion Corp. He joined Orion in October 2004. He served as the President of GE Healthcare Finland Oy from October 2004 to 2005. He served as a General Manager of the Oximetry, Supplies and Accessories Business Area of GE Healthcare IT from 2003 to 2004. Mr. Hautaniemi served positions in Finance Management in GE Healthcare Finland Oy Administration and Datex-ohmeda from 1990 to 2003. He served as the Chief Financial Officer of Datex-Ohmeda Inc., (USA), from 1999 to 2001. During his 15-year-long career in the service of GE Healthcare Finland Oy and he has accumulated a broad and versatile track record from financial and operational business management in the multinational healthcare company that has experienced major structural changes and strong growth. He serves as the Chairman of Kronans Droghandel AB. He has been a Vice Chairman of Posti Group Oyj since March 27, 2017. He served as a Vice Chairman of Lassila & Tikanoja Oyj since December 28, 2011 and served as its Director since March 26, 2007 until March 16, 2017. He has been a Member of Supervisory Board at Ilmarinen Mutual Pension Insurance Company since April 6, 2017. He served as a Director of Nurminen Logistics Oyj from 2009 to April 23, 2012. He is a member of the Board of Finnish Commerce, Regional Director for the EMEA region of IFPW's (International Federation of Pharmaceutical Wholesalers) Board, a member of the GIRP Management Board and GIRP Treasurer (GIRP= The European Association of Pharmaceutical Full-line Wholesalers). Mr. Hautaniemi holds a Master of Science in Economics.

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

Average tenure and age of the Lassila & Tikanoja Oyj management team in years:

0.4
Average Tenure
51.5
Average Age
  • The average tenure for the Lassila & Tikanoja Oyj management team is less than 2 years, this suggests a new team.
Management Team

Eero Hautaniemi

TITLE
President
COMPENSATION
€2K
AGE
53
TENURE
0.4 yrs

Juha Jaatinen

TITLE
Acting Group CFO & Member of the Group Executive Board
AGE
53
TENURE
0.3 yrs

Jorma Mikkonen

TITLE
Member of Executive Board & Director of Corporate Relations & Responsibility and Human Resources
AGE
55
TENURE
4 yrs

Antti Tervo

TITLE
VP of Industrial Services & Member of the Group Executive Board
AGE
40
TENURE
7.3 yrs

Tuomas Mäkipeska

TITLE
VP of Facility Services Finland & Member of the Group Executive Board
AGE
40
TENURE
7.3 yrs

Petri Salermo

TITLE
VP of Environmental Services & Member of Group Executive Board
AGE
48
TENURE
6.4 yrs

Sirpa Huopalainen

TITLE
General Counsel & Member of the Group Executive Board
AGE
53
TENURE
0.3 yrs

Erik Sundström

TITLE
VP of Facility Services Sweden & Member of the Group Executive Board
TENURE
0.3 yrs

Kirsi Matero

TITLE
AGE
50
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Lassila & Tikanoja Oyj board of directors in years:

4.3
Average Tenure
52
Average Age
  • The tenure for the Lassila & Tikanoja Oyj board of directors is about average.
Board of Directors

Heikki Bergholm

TITLE
Chairman
COMPENSATION
€76K
AGE
62
TENURE
8.3 yrs

Sakari Lassila

TITLE
Vice Chairman
COMPENSATION
€53K
AGE
63
TENURE
2.3 yrs

Miikka Maijala

TITLE
Director
COMPENSATION
€39K
AGE
51
TENURE
9.3 yrs

Laura Lares

TITLE
Director
COMPENSATION
€39K
AGE
52
TENURE
5.4 yrs

Teemu Kangas-Kärki

TITLE
Director
COMPENSATION
€40K
AGE
52
TENURE
3.3 yrs

Laura Tarkka

TITLE
Independent Director
COMPENSATION
€39K
AGE
48
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lassila & Tikanoja 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. Lassila & Tikanoja 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.

News

Simply Wall St News

Is Lassila & Tikanoja Oyj (HEL:LAT1V) Trading At A 21% Discount?

Today, we will estimate the stock's intrinsic value by taking the foreast future cash flows of the company and discounting them back to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €58.97 €55.83 €49.40 €46.12 €44.06 €42.75 €41.93 €41.43 €41.16 €41.03 Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x3 Est @ -6.63% Est @ -4.48% Est @ -2.97% Est @ -1.92% Est @ -1.18% Est @ -0.67% Est @ -0.3% Present Value (€, Millions) Discounted @ 6.84% €55.19 €48.92 €40.51 €35.41 €31.66 €28.75 €26.39 €24.41 €22.70 €21.18 Present Value of 10-year Cash Flow (PVCF)= €335.12m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … HLSE:LAT1V Intrinsic value, May 20th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Financially Strong Is Lassila & Tikanoja Oyj (HEL:LAT1V)?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Lassila & Tikanoja Oyj (HEL:LAT1V), with a market cap of €554m. … since poor capital management may bring about bankruptcies,

Simply Wall St -

What Does Lassila & Tikanoja Oyj's (HEL:LAT1V) P/E Ratio Tell You?

To keep it practical, we'll show how Lassila & Tikanoja Oyj's (HEL:LAT1V) P/E ratio could help you assess the value on offer. … What is Lassila & Tikanoja Oyj's P/E ratio? … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Do Insiders Own Lots Of Shares In Lassila & Tikanoja Oyj (HEL:LAT1V)?

Generally speaking, as a company grows, institutions will increase their ownership. … Lassila & Tikanoja Oyj is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Will Lassila & Tikanoja Oyj's (HEL:LAT1V) Earnings Grow In The Years Ahead?

The latest earnings update Lassila & Tikanoja Oyj (HEL:LAT1V) released in December 2018a … signalled

Simply Wall St -

Only 3 Days Left To Cash In On Lassila & Tikanoja Oyj (HEL:LAT1V) Dividend

Important news for shareholders and potential investors in Lassila & Tikanoja Oyj (HEL:LAT1V): The dividend payment of €0.92 per share will be distributed to shareholders on 25 March 2019, and the stock will begin trading ex-dividend at an earlier date, 15 March 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Lassila & Tikanoja Oyj's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Brief Commentary On Lassila & Tikanoja Oyj's (HEL:LAT1V) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Lassila & Tikanoja Oyj (HEL:LAT1V) due to its excellent fundamentals in more than one area. … that has been able to sustain great financial health over the past

Simply Wall St -

Is Lassila & Tikanoja Oyj's (HEL:LAT1V) ROE Of 16% Impressive?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Want To Invest In Lassila & Tikanoja Oyj (HEL:LAT1V)? Here's How It Performed Lately

When Lassila & Tikanoja Oyj's (HEL:LAT1V) announced its latest earnings (31 December 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Lassila & Tikanoja Oyj's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which LAT1V is growing has slowed down.

Simply Wall St -

Is Lassila & Tikanoja Oyj's (HEL:LAT1V) Balance Sheet A Threat To Its Future?

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. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Company Info

Description

Lassila & Tikanoja Oyj operates as a service company in Finland, Sweden, and Russia. It operates through four segments: Environmental Services, Industrial Services, Facility Services Finland, and Facility Services Sweden. The company offers support, property maintenance and energy efficiency, damage repair and renovation, and cleaning services; and waste management and recycling, and circular economy services. It also provides process cleaning, sewer maintenance, hazardous waste management, and environment construction services; and wood fuels for heat and power plants, forest services for forest owners, ground cover for absorbent materials, and services for forest entrepreneurs. In addition, it provides maintenance of the electrical systems comprising electricity, HVAC and plumbing, building automation, refrigeration and cooling, energy management, fire safety, and energy efficiency services, as well as annual maintenance of technical systems. Lassila & Tikanoja Oyj was founded in 1905 and is headquartered in Helsinki, Finland.

Details
Name: Lassila & Tikanoja Oyj
LAT1V
Exchange: HLSE
Founded: 1905
€571,631,731
38,416,111
Website: http://www.lt.fi/fi
Address: Lassila & Tikanoja Oyj
Valimotie 27,
Helsinki,
Uusimaa, 00380,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE LAT1V Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 12. Oct 2001
OTCPK LASK.F Ordinary Shares Pink Sheets LLC US USD 12. Oct 2001
DB LT5 Ordinary Shares Deutsche Boerse AG DE EUR 12. Oct 2001
LSE 0F29 Ordinary Shares London Stock Exchange GB EUR 12. Oct 2001
BATS-CHIXE LAT1VH Ordinary Shares BATS 'Chi-X Europe' GB EUR 12. Oct 2001
Number of employees
Current staff
Staff numbers
8,728
Lassila & Tikanoja Oyj employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:44
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/04/26
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.