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Fiskars Oyj Abp

HLSE:FSKRS
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSKRS
HLSE
€1B
Market Cap
  1. Home
  2. FI
  3. Consumer Durables
Company description

Fiskars Oyj Abp manufactures and markets consumer products worldwide. The last earnings update was 84 days ago. More info.


Add to Portfolio Compare Print
  • Fiskars Oyj Abp has significant price volatility in the past 3 months.
FSKRS Share Price and Events
7 Day Returns
-1.9%
HLSE:FSKRS
1%
Europe Consumer Durables
-1%
FI Market
1 Year Returns
-29.7%
HLSE:FSKRS
-4.8%
Europe Consumer Durables
-6.2%
FI Market
FSKRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fiskars Oyj Abp (FSKRS) -1.9% -13% -32.3% -29.7% -24.3% -27.4%
Europe Consumer Durables 1% 2.6% -6.1% -4.8% 19.1% 52.1%
FI Market -1% -0.9% -4.4% -6.2% 14.2% 23.3%
1 Year Return vs Industry and Market
  • FSKRS underperformed the Consumer Durables industry which returned -4.8% over the past year.
  • FSKRS underperformed the Market in Finland which returned -6.2% over the past year.
Price Volatility
FSKRS
Industry
5yr Volatility vs Market

FSKRS Value

 Is Fiskars Oyj Abp 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 Fiskars Oyj Abp 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 Fiskars Oyj Abp.

HLSE:FSKRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
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:FSKRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.861 (1 + (1- 20%) (30.22%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.047 * 6.51%)
7.35%

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

The calculations below outline how an intrinsic value for Fiskars Oyj Abp 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:FSKRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.35%)
2020 68.70 Analyst x1 63.99
2021 77.00 Analyst x1 66.81
2022 87.20 Analyst x1 70.48
2023 89.60 Analyst x1 67.46
2024 91.45 Est @ 2.06% 64.14
2025 92.92 Est @ 1.61% 60.70
2026 94.11 Est @ 1.29% 57.27
2027 95.11 Est @ 1.06% 53.92
2028 95.98 Est @ 0.91% 50.68
2029 96.74 Est @ 0.8% 47.58
Present value of next 10 years cash flows €603.04
HLSE:FSKRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €96.74 × (1 + 0.54%) ÷ (7.35% – 0.54%)
€1,427.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,427.57 ÷ (1 + 7.35%)10
€702.18
HLSE:FSKRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €603.04 + €702.18
€1,305.23
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,305.23 / 81.54
€16.01
HLSE:FSKRS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €16.01
Current discount Discount to share price of €13.54
= -1 x (€13.54 - €16.01) / €16.01
15.4%

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

Current Discount
Amount off the current price Fiskars Oyj Abp is available for.
Intrinsic value
15%
Share price is €13.54 vs Future cash flow value of €16.01
Current Discount Checks
For Fiskars Oyj Abp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fiskars Oyj Abp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Fiskars Oyj Abp'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 Fiskars Oyj Abp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fiskars Oyj Abp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:FSKRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.01
HLSE:FSKRS Share Price ** HLSE (2019-07-19) in EUR €13.54
Europe Consumer Durables Industry PE Ratio Median Figure of 87 Publicly-Listed Consumer Durables Companies 12.31x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.27x

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

** Primary Listing of Fiskars Oyj Abp.

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

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

= 13.54 ÷ 1.01

13.41x

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

  • Fiskars Oyj Abp is overvalued based on earnings compared to the Europe Consumer Durables industry average.
  • Fiskars Oyj Abp is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Fiskars Oyj Abp's expected growth come at a high price?
Raw Data
HLSE:FSKRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
1.8%per year
Europe Consumer Durables Industry PEG Ratio Median Figure of 59 Publicly-Listed Consumer Durables Companies 1.21x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.79x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.41x ÷ 1.8%

7.34x

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

  • Fiskars Oyj Abp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fiskars Oyj Abp's assets?
Raw Data
HLSE:FSKRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €14.96
HLSE:FSKRS Share Price * HLSE (2019-07-19) in EUR €13.54
Europe Consumer Durables Industry PB Ratio Median Figure of 111 Publicly-Listed Consumer Durables Companies 1.38x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.95x
HLSE:FSKRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.54 ÷ 14.96

0.91x

* Primary Listing of Fiskars Oyj Abp.

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

  • Fiskars Oyj Abp is good value based on assets compared to the Europe Consumer Durables industry average.
X
Value checks
We assess Fiskars Oyj Abp'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Fiskars Oyj Abp 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.

FSKRS Future Performance

 How is Fiskars Oyj Abp expected to perform in the next 1 to 3 years based on estimates from 2 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
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fiskars Oyj Abp expected to grow at an attractive rate?
  • Fiskars Oyj Abp's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Fiskars Oyj Abp's earnings growth is positive but not above the Finland market average.
  • Fiskars Oyj Abp's revenue growth is positive but not above the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:FSKRS Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:FSKRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 1.8%
HLSE:FSKRS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2%
Europe Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Europe Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
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:FSKRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:FSKRS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 137
2022-12-31 1,199 136 82 1
2021-12-31 1,165 124 77 2
2020-12-31 1,139 120 71 2
2019-12-31 1,113 139 71 2
HLSE:FSKRS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,121 118 82
2018-12-31 1,119 106 82
2018-09-30 1,114 116 9
2018-06-30 1,128 103 80
2018-03-31 1,145 107 95
2017-12-31 1,186 104 166
2017-09-30 1,200 84 254
2017-06-30 1,211 68 198
2017-03-31 1,215 65 151
2016-12-31 1,205 84 64
2016-09-30 1,204 74 84
2016-06-30 1,213 63 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fiskars Oyj Abp's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • Fiskars Oyj Abp's revenue is expected to grow by 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:FSKRS 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 2 Analyst Estimates (S&P Global) See Below

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

HLSE:FSKRS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.01 1.01 1.01 1.00
2021-12-31 0.95 1.03 0.86 2.00
2020-12-31 0.88 0.96 0.79 2.00
2019-12-31 0.87 0.96 0.77 2.00
HLSE:FSKRS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.01
2018-12-31 1.00
2018-09-30 0.11
2018-06-30 0.97
2018-03-31 1.16
2017-12-31 2.04
2017-09-30 3.14
2017-06-30 2.41
2017-03-31 1.95
2016-12-31 0.78
2016-09-30 1.03
2016-06-30 -0.32

*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.
  • Fiskars Oyj Abp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fiskars Oyj Abp'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 Europe 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.
Fiskars Oyj Abp has a total score of 1/6, 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.

FSKRS Past Performance

  How has Fiskars Oyj Abp 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 Fiskars Oyj Abp's growth in the last year to its industry (Consumer Durables).
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.
  • Fiskars Oyj Abp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Fiskars Oyj Abp's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fiskars Oyj Abp's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Durables industry average.
Earnings and Revenue History
Fiskars Oyj Abp'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 Fiskars Oyj Abp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:FSKRS 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 1,121.00 82.30 368.60 17.90
2018-12-31 1,118.50 81.60 371.50 18.40
2018-09-30 1,113.70 8.90 382.10 19.60
2018-06-30 1,128.10 79.90 384.60 19.40
2018-03-31 1,145.40 95.00 392.90 19.00
2017-12-31 1,185.50 166.40 400.10 18.80
2017-09-30 1,200.40 254.00 409.30 17.30
2017-06-30 1,211.00 198.00 417.10 17.50
2017-03-31 1,214.60 151.10 411.00 18.20
2016-12-31 1,204.60 64.10 413.30 18.00
2016-09-30 1,204.30 84.40 408.00 18.70
2016-06-30 1,213.20 -26.40 411.70 19.00
2016-03-31 1,173.20 8.40 384.10 18.70
2015-12-31 1,107.10 85.10 351.00 18.00
2015-09-30 977.30 741.30 306.30 16.70
2015-06-30 865.90 831.20 266.50 15.70
2015-03-31 813.50 839.00 257.00 15.10
2014-12-31 767.50 773.10 247.30 14.60
2014-09-30 776.10 87.60 253.10 14.80
2014-06-30 775.80 79.00 249.40 14.70
2014-03-31 792.30 84.80 246.50 14.20
2013-12-31 798.60 93.70 246.70 13.30
2013-09-30 776.30 92.90 226.60 12.00
2013-06-30 766.30 98.10 219.70 11.20
2013-03-31 749.90 179.60 212.00 10.20
2012-12-31 747.80 178.90 201.30 10.30
2012-09-30 744.80 173.70 199.70 9.50

*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.
  • Fiskars Oyj Abp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fiskars Oyj Abp used its assets less efficiently than the Europe Consumer Durables industry average last year based on Return on Assets.
  • Fiskars Oyj Abp has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fiskars Oyj Abp'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 Consumer Durables 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.
Fiskars Oyj Abp has a total score of 1/6, 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.

FSKRS Health

 How is Fiskars Oyj Abp'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 Fiskars Oyj Abp's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fiskars Oyj Abp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fiskars Oyj Abp's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fiskars Oyj Abp'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 4.5x 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 Fiskars Oyj Abp Company Filings, last reported 3 months ago.

HLSE:FSKRS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,222.80 216.30 480.60
2018-12-31 1,209.70 160.50 478.00
2018-09-30 1,259.50 220.50 563.70
2018-06-30 1,231.90 217.70 559.40
2018-03-31 1,240.20 237.80 596.50
2017-12-31 1,272.20 199.20 603.50
2017-09-30 1,321.30 240.40 664.80
2017-06-30 1,228.80 243.90 577.70
2017-03-31 1,221.50 272.00 559.70
2016-12-31 1,220.00 191.50 482.10
2016-09-30 1,165.70 244.40 467.80
2016-06-30 1,123.10 283.10 452.00
2016-03-31 1,135.70 332.80 518.80
2015-12-31 1,194.10 267.50 539.70
2015-09-30 1,128.40 347.50 477.50
2015-06-30 1,193.90 364.50 951.90
2015-03-31 1,185.90 237.20 821.90
2014-12-31 1,153.20 158.00 800.30
2014-09-30 643.00 204.80 8.90
2014-06-30 612.00 216.60 6.80
2014-03-31 590.40 215.00 5.40
2013-12-31 632.70 159.70 9.70
2013-09-30 608.40 193.80 6.50
2013-06-30 596.90 209.60 7.60
2013-03-31 579.50 214.60 6.30
2012-12-31 618.90 82.60 16.40
2012-09-30 590.40 106.10 4.80
  • Fiskars Oyj Abp's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (36.4% vs 17.7% today).
  • Debt is well covered by operating cash flow (54.7%, greater than 20% of total debt).
  • Fiskars Oyj Abp earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fiskars Oyj Abp'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. Fiskars Oyj Abp has a total score of 6/6, 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.

FSKRS Dividends

 What is Fiskars Oyj Abp'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
3.99%
Current annual income from Fiskars Oyj Abp dividends. Estimated to be 4.54% next year.
If you bought €2,000 of Fiskars Oyj Abp shares you are expected to receive €80 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?
  • Fiskars Oyj Abp's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.29%).
  • Fiskars Oyj Abp's dividend is below the markets top 25% of dividend payers in Finland (5.24%).
Upcoming dividend payment

Purchase Fiskars Oyj Abp before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:FSKRS 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 2 Analyst Estimates (S&P Global) See Below
Europe Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.2%
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:FSKRS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.65 2.00
2020-12-31 0.62 2.00
2019-12-31 0.58 2.00
HLSE:FSKRS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.540 3.014
2018-03-14 0.720 3.994
2017-03-09 1.060 4.926
2016-02-09 0.700 4.023
2015-02-06 0.680 3.672
2014-02-07 0.670 3.468
2013-03-15 0.650 3.541
2012-08-02 0.620 3.729
2012-03-15 0.620 4.164
2011-02-09 0.600 3.842
2010-03-16 0.520 3.827
2009-05-06 1.500 15.164
2009-03-09 0.500 7.059
2009-02-13 0.500 7.329

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 Fiskars Oyj Abp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Fiskars Oyj Abp'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 Fiskars Oyj Abp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fiskars Oyj Abp 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.

FSKRS Management

 What is the CEO of Fiskars Oyj Abp'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
Jaana Tuominen
COMPENSATION €1,115,060
AGE 59
TENURE AS CEO 1.8 years
CEO Bio

Ms. Jaana Maija-Liisa Tuominen, M.Sc. (Chem. Eng.), has been President and Chief Executive Officer at Fiskars Oyj Abp since October 09, 2017 and has been its Interim President of SBU Functional since June 11, 2018. Ms. Tuominen has been the Managing Director and Chief Executive Officer of Oy Gustav Paulig Ab since April 1, 2008. She served as Chief Executive Officer and Managing Director of Paulig Oy until September 1, 2017. She served as with PAULIG Oy since 2008. Ms. Tuominen served as an Executive Officer of Paulig Oy since September 1, 2017 until September 15, 2017. She served as the Chief Executive Officer and Managing Director of GE Healthcare Finland Oy. She served as General Manager in the global patient monitoring business. She worked at GE Healthcare (formerly, Instrumentarium Oyj), NAF Oy and NAF AB. She served as a General Manager of Monitoring Solutions and Managing Director of GEHC Finland Oy from 2002 to 2008. Ms. Tuominen served as Managing Director of NAF Oy and NAF Industries Oy and Director of Sales and Marketing at NAF AB from 1998 to 2002. She served as Marketing Manager and Product Manager of Instrumentarium Oy/Datex-Ohmeda from 1993 to 1998. She served as an Area Sales Manager of Valmet Automation AB from 1989 to 1993. She has been the Chairman of the Board at Several Paulig Group companies since 2008. She was an Independent Director at Suominen Oyj since March 26, 2014 until March 19, 2019. She has been a Director of Finnair Oyj since March 27, 2014 and The Finnish Fair Corporation since 2014. She has been a Board Member of Finnish Food and Beverage Industries' Federation since 2009. She served as an Independent Director at Rautaruukki Corporation since 2010. Ms. Tuominen holds a Master of Science (Chemical Engineering).

CEO Compensation
  • Jaana's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Jaana's remuneration is about average for companies of similar size in Finland.
Management Team Tenure

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

2.4
Average Tenure
51
Average Age
  • The tenure for the Fiskars Oyj Abp management team is about average.
Management Team

Jaana Tuominen

TITLE
President & CEO
COMPENSATION
€1M
AGE
59
TENURE
1.8 yrs

Sari Pohjonen

TITLE
CFO & Deputy to the CEO
AGE
53
TENURE
2.4 yrs

Kristian Tammela

TITLE
Manager of Investor Relations

Päivi Timonen

TITLE
General Counsel
AGE
49

Maija Taimi

TITLE
Senior Vice President of Corporate Communications & Sustainability
AGE
45

Niklas Lindholm

TITLE
Chief Human Resources Officer
AGE
51
TENURE
0.9 yrs

Juha Lehtola

TITLE
President of Boats
AGE
53
TENURE
10.3 yrs

Risto Gaggl

TITLE
Chief Supply Chain Officer
AGE
51
TENURE
6.7 yrs

Topi Sarpakunnas

TITLE
Senior Vice President of Business Development
AGE
43
TENURE
4.3 yrs

Tuomas Hyyryläinen

TITLE
Chief Growth Officer
AGE
42
TENURE
0.8 yrs
Board of Directors Tenure

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

4.3
Average Tenure
53
Average Age
  • The tenure for the Fiskars Oyj Abp board of directors is about average.
Board of Directors

Paul Ehrnrooth

TITLE
Chairman
COMPENSATION
€122K
AGE
54
TENURE
5.3 yrs

Jyri Luomakoski

TITLE
Vice Chairman
COMPENSATION
€77K
AGE
52
TENURE
1.3 yrs

Louise Fromond

TITLE
Non-Executive Director
COMPENSATION
€59K
AGE
40
TENURE
9.3 yrs

Inka Mero

TITLE
Non-Executive Director
COMPENSATION
€57K
AGE
43
TENURE
4.3 yrs

Fabian Månsson

TITLE
Non-Executive Director
COMPENSATION
€77K
AGE
55
TENURE
4.3 yrs

Peter Olof Sjölander

TITLE
Non-Executive Director
COMPENSATION
€77K
AGE
60
TENURE
4.3 yrs

Ritva Sotamaa

TITLE
Non-Executive Director
COMPENSATION
€80K
AGE
56
TENURE
4.3 yrs

Albert Ehrnrooth

TITLE
Non-Executive Director
COMPENSATION
€45K
AGE
43
TENURE
1.3 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 Fiskars Oyj Abp'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. Fiskars Oyj Abp 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.

FSKRS News

Simply Wall St News

Fiskars Oyj Abp (HEL:FSKRS): Does The Earnings Decline Make It An Underperformer?

Measuring Fiskars Oyj Abp's (HEL:FSKRS) track record of past performance is a valuable exercise for investors. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -33%, indicating the rate at which FSKRS is growing has slowed down. … I recommend you continue to research Fiskars Oyj Abp to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FSKRS’s future growth?

Simply Wall St -

Fiskars Oyj Abp (HEL:FSKRS) Shareholders Received A Total Return Of 2.6% In The Last Year

For example, the Fiskars Oyj Abp (HEL:FSKRS) share price is down 26% in the last year. … Check out our latest analysis for Fiskars Oyj Abp In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … A Different Perspective It's nice to see that Fiskars Oyj Abp shareholders have received a total shareholder return of 2.6% over the last year.

Simply Wall St -

Fiskars Oyj Abp (HEL:FSKRS): A Fundamentally Attractive Investment

Flawless balance sheet average dividend payer FSKRS's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … HLSE:FSKRS Historical Debt, June 26th 2019 FSKRS is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy. … HLSE:FSKRS Historical Dividend Yield, June 26th 2019 Next Steps: For Fiskars Oyj Abp, I've compiled three key aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for FSKRS’s future growth?

Simply Wall St -

Are Dividend Investors Getting More Than They Bargained For With Fiskars Oyj Abp's (HEL:FSKRS) Dividend?

Is Fiskars Oyj Abp (HEL:FSKRS) a good dividend stock? … Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to see if earnings per share (EPS) are growing. Why take the risk of a dividend getting cut, unless there's a good chance of bigger dividends in future? In the last five years, Fiskars Oyj Abp's earnings per share have shrunk at approximately 2.5% per annum. Declining earnings per share over a number of years is not a great sign for the dividend investor. Without some improvement, this does not bode well for the long term value of a company's dividend. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Here’s why Fiskars Oyj Abp’s (HEL:FSKRS) Returns On Capital Matters So Much

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 Fiskars Oyj Abp: 0.062 = €95m ÷ (€1.9b - €335m) (Based on the trailing twelve months to March 2019.) Therefore, Fiskars Oyj Abp has an ROCE of 6.2%. … How Fiskars Oyj Abp's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Is It Time To Consider Buying Fiskars Oyj Abp (HEL:FSKRS)?

Let’s take a look at Fiskars Oyj Abp’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … It’s trading around 19.49% above my intrinsic value, which means if you buy Fiskars Oyj Abp today, you’d be paying a relatively fair price for it. … The price seems to be trading at fair value, which means there’s less benefit from mispricing.

Simply Wall St -

Calculating The Fair Value Of Fiskars Oyj Abp (HEL:FSKRS)

We assume companies with shrinking free cash flow are will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €94.80 €75.90 €79.80 €88.80 €91.00 €92.71 €94.08 €95.20 €96.15 €96.98 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 1.88% Est @ 1.48% Est @ 1.19% Est @ 1% Est @ 0.86% Present Value (€, Millions) Discounted @ 7.27% €88.37 €65.96 €64.65 €67.06 €64.07 €60.84 €57.56 €54.30 €51.12 €48.07 Present Value of 10-year Cash Flow (PVCF)= €622.00m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … HLSE:FSKRS Intrinsic value, May 10th 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 -

What Are Analysts Expecting From Fiskars Oyj Abp (HEL:FSKRS) In Next 12 Months?

On 31 March 2019, Fiskars Oyj Abp (HEL:FSKRS) announced its latest earnings update. … as a -8.0% fall in profits is expected in the upcoming year.

Simply Wall St -

Why Fiskars Oyj Abp's (HEL:FSKRS) High P/E Ratio Isn't Necessarily A Bad Thing

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Fiskars Oyj Abp's (HEL:FSKRS), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholder Owns Most Fiskars Oyj Abp (HEL:FSKRS) Stock?

The big shareholder groups in Fiskars Oyj Abp (HEL:FSKRS) have power over the company. … With a market capitalization of €1.5b, Fiskars Oyj Abp is a decent size, so it is probably on the radar of institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

FSKRS Company Info

Description

Fiskars Oyj Abp manufactures and markets consumer products worldwide. The company operates through three segments: Living, Functional, and Other. It offers a range of products for tabletop, giftware and interior décor under the Waterford, Wedgwood, Royal Albert, Royal Doulto, Iittala, Rogaska, Royal Copenhagen, Rörstrand, and Arabia brands. The company also provides gardening, cooking, and crafting tools; knives, multi tools, and gears; watering products, including hoses, nozzles, sprinklers, and accessories; cutlery; and construction tools under the Fiskars, Gerber, Gilmour, Hackman, Kitchen Devils, and Leborgne brands. In addition, it develops, manages, and rents real estate properties; and sells timber. Fiskars Oyj Abp was founded in 1649 and is based in Helsinki, Finland.

Details
Name: Fiskars Oyj Abp
FSKRS
Exchange: HLSE
Founded: 1649
€1,104,073,710
81,541,633
Website: http://www.fiskarsgroup.com
Address: Fiskars Oyj Abp
Hämeentie 135 A,
PO Box 130,
Helsinki,
00561,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE FSKRS Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 02. Jan 1992
OTCPK FKRA.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB A8X Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0L9Q Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE FSKRSH Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
7,499
Fiskars Oyj Abp employees.
Industry
Housewares and Specialties
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:35
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/11
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.