HLSE:VIAFIN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Viafin Service Oyj provides industrial maintenance, piping and equipment maintenance, and installation services in Finland. More Details


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

VIAFIN

-2.3%

FI Commercial Services

0.2%

FI Market


1 Year Return

109.1%

VIAFIN

3.7%

FI Commercial Services

5.6%

FI Market

Return vs Industry: VIAFIN exceeded the Finnish Commercial Services industry which returned 6.6% over the past year.

Return vs Market: VIAFIN exceeded the Finnish Market which returned 6.4% over the past year.


Shareholder returns

VIAFINIndustryMarket
7 Day0%-2.3%0.2%
30 Day7.5%-1.6%1.3%
90 Day53.8%-3.0%9.8%
1 Year115.3%109.1%6.5%3.7%14.4%5.6%
3 Yearn/a-17.5%-25.0%21.7%0.8%
5 Yearn/a8.5%-8.8%63.6%28.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIAFIN (€14.3) is trading below our estimate of fair value (€16.36)

Significantly Below Fair Value: VIAFIN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VIAFIN is poor value based on its PE Ratio (81.8x) compared to the XE Commercial Services industry average (18.5x).

PE vs Market: VIAFIN is poor value based on its PE Ratio (81.8x) compared to the Finnish market (23.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VIAFIN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VIAFIN's PB Ratio (2.8x) is in line with the FI Commercial Services industry average.


Next Steps

Future Growth

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

9.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VIAFIN's forecast earnings growth is above the savings rate (0.4%).

Earnings vs Market: Insufficient data to determine if VIAFIN's earnings are forecast to grow faster than the Finnish market

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

Revenue vs Market: VIAFIN's revenue (9.4% per year) is forecast to grow faster than the Finnish market (4.4% per year).

High Growth Revenue: VIAFIN's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VIAFIN's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has Viafin Service Oyj performed over the past 5 years?

8.8%

Historical Commercial Services annual earnings growth


Earnings and Revenue History

Quality Earnings: VIAFIN has a large one-off loss of €716.9K impacting its December 31 2019 financial results.

Growing Profit Margin: VIAFIN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: VIAFIN has become profitable over the past 5 years.

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

Earnings vs Industry: VIAFIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.6%).


Return on Equity

High ROE: VIAFIN's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Viafin Service Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: VIAFIN's short term assets (€24.7M) exceed its short term liabilities (€13.2M).

Long Term Liabilities: VIAFIN's short term assets (€24.7M) exceed its long term liabilities (€14.2K).


Debt to Equity History and Analysis

Debt Level: VIAFIN is debt free.

Reducing Debt: VIAFIN has not had any debt for past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

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

1.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VIAFIN's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.93%).

High Dividend: VIAFIN's dividend (1.12%) is low compared to the top 25% of dividend payers in the Finnish market (4.54%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Mika Riekkola (44 yo)

1.75yrs

Tenure

Mr. Mika Riekkola serves as President of Viafin Service Oyj since October 1, 2019 and serves as its Chief Executive Officer since 2019. Prior to joining Viafin, he held senior management positions in Indus ...


Leadership Team

NamePositionTenureCompensationOwnership
Mika Riekkola
President & CEO1.75yrsno datano data
Patrik Hämälä
Chief Financial Officer2.75yrsno datano data
Tuomas Tuomela
Deputy Chief Executive Officerno datano datano data
Jarno Anttalainen
Managing Director of Viafin GAS1.25yrsno datano data

1.8yrs

Average Tenure

45.5yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Marko Sipola
Vice Chairmanno datano datano data
Heikki Pesu
Director2.75yrsno datano data
Jouko Ketola
Director2.75yrsno datano data
Sixten Hjort
Director2.75yrsno datano data
Tapani Potka
Director2.75yrsno datano data
Heikki Pesulle
Chairman of the Boardno datano datano data

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: VIAFIN's board of directors are not considered experienced ( 2.8 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

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


Key Information

  • Name: Viafin Service Oyj
  • Ticker: VIAFIN
  • Exchange: HLSE
  • Founded:
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €52.255m
  • Shares outstanding: 3.63m
  • Website: https://www.viafinservice.fi

Location

  • Viafin Service Oyj
  • Varkkitie 13
  • Kurikka
  • Southern Ostrobothnia
  • 61300
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIAFINHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURNov 2018

Biography

Viafin Service Oyj provides industrial maintenance, piping and equipment maintenance, and installation services in Finland. Its services include industrial piping, hydraulics and instrument piping, and mec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 22:03
End of Day Share Price2020/10/20 00:00
Earnings2019/12/31
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.