HLSE:FSKRS

Stock Analysis Report

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Executive Summary

Fiskars Oyj Abp manufactures and markets consumer products in Europe, the Americas, and the Asia Pacific.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.7%

FSKRS

0.7%

FI Consumer Durables

2.4%

FI Market


1 Year Return

-3.5%

FSKRS

-1.1%

FI Consumer Durables

6.3%

FI Market

Return vs Industry: FSKRS matched the Finnish Consumer Durables industry which returned -3.5% over the past year.

Return vs Market: FSKRS underperformed the Finnish Market which returned 2.9% over the past year.


Shareholder returns

FSKRSIndustryMarket
7 Day-1.7%0.7%2.4%
30 Day8.5%-0.07%6.8%
90 Day23.2%20.3%16.8%
1 Year1.5%-3.5%2.5%-1.1%15.5%6.3%
3 Year-18.5%-46.2%-5.8%-18.3%20.2%0.5%
5 Year1.5%-37.8%25.3%-1.0%51.5%19.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FSKRS (€11.7) is trading above our estimate of fair value (€8.71)

Significantly Below Fair Value: FSKRS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FSKRS is poor value based on its PE Ratio (23.2x) compared to the XE Consumer Durables industry average (12.6x).

PE vs Market: FSKRS is poor value based on its PE Ratio (23.2x) compared to the Finnish market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: FSKRS is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: FSKRS's PB Ratio (1.3x) is in line with the XE Consumer Durables industry average.


Next Steps

Future Growth

How is Fiskars Oyj Abp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

26.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSKRS's forecast earnings growth (26.9% per year) is above the savings rate (0.4%).

Earnings vs Market: FSKRS's earnings (26.9% per year) are forecast to grow faster than the Finnish market (14.1% per year).

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

Revenue vs Market: FSKRS's revenue (1% per year) is forecast to grow slower than the Finnish market (5.1% per year).

High Growth Revenue: FSKRS's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FSKRS's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has Fiskars Oyj Abp performed over the past 5 years?

-48.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FSKRS has high quality earnings.

Growing Profit Margin: FSKRS's current net profit margins (3.7%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: FSKRS's earnings have declined by 48.2% per year over the past 5 years.

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

Earnings vs Industry: FSKRS had negative earnings growth (-49.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (-7.2%).


Return on Equity

High ROE: FSKRS's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Fiskars Oyj Abp's financial position?


Financial Position Analysis

Short Term Liabilities: FSKRS's short term assets (€672.5M) exceed its short term liabilities (€453.0M).

Long Term Liabilities: FSKRS's short term assets (€672.5M) exceed its long term liabilities (€328.8M).


Debt to Equity History and Analysis

Debt Level: FSKRS's debt to equity ratio (47.7%) is considered high.

Reducing Debt: FSKRS's debt to equity ratio has increased from 30.3% to 47.7% over the past 5 years.

Debt Coverage: FSKRS's debt is well covered by operating cash flow (27.9%).

Interest Coverage: FSKRS's interest payments on its debt are well covered by EBIT (7.3x coverage).


Balance Sheet


Next Steps

Dividend

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

4.79%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FSKRS's dividend (4.79%) is higher than the bottom 25% of dividend payers in the Finnish market (2.26%).

High Dividend: FSKRS's dividend (4.79%) is low compared to the top 25% of dividend payers in the Finnish market (4.84%).


Stability and Growth of Payments

Stable Dividend: FSKRS's dividend payments have been volatile in the past 10 years.

Growing Dividend: FSKRS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (111%), FSKRS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FSKRS's dividends in 3 years are forecast to be covered by earnings (58.4% payout ratio).


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Sari Pohjonen (54 yo)

0.33

Tenure

Ms. Sari Pohjonen, M.Sc. (Econ.), serves as an Interim Chief Executive Officer of Fiskars Oyj Abp since April 2020 and also serves as its Interim President. Ms. Pohjonen serves as Chief Financial Officer o ...


Leadership Team

NamePositionTenureCompensationOwnership
Sari Pohjonen
CFO, Interim President & CEO0.33yrno data0.00021%
€ 2.0k
Kristian Tammela
Manager of Investor Relationsno datano datano data
Päivi Timonen
Chief Legal Officerno datano datano data
Maija Taimi
Chief Communications Officerno datano datano data
Johan Hedberg
Chief Sales Officer0.67yrno datano data
Niklas Lindholm
Chief People Officer2yrsno datano data
Risto Gaggl
Chief Supply Chain Officer7.75yrsno datano data
Tuomas Hyyryläinen
Executive Vice President Business Area Crea1.92yrsno datano data
Christian Bachler
Executive Vice President of Business Area Vita0.67yrno datano data
Tina Andersson
Chief Consumer Officer0.42yrno datano data
James Brouillard
Executive Vice President of Business Area Terra0.33yrno datano data
Juha Lehtola
President of Boats11.33yrsno datano data

0.7yrs

Average Tenure

51.5yo

Average Age

Experienced Management: FSKRS's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Fabian Mansson
Independent Non-Executive Director5.42yrs€81.00k0.0024%
€ 23.4k
Jyri Luomakoski
Independent Vice Chairman2.42yrs€81.50k0.0018%
€ 17.5k
Paul Ehrnrooth
Independent Chairman6.42yrs€127.50k0.49%
€ 4.7m
Albert Ehrnrooth
Independent Non-Executive Director2.42yrs€59.00k1.05%
€ 10.0m
Inka Mero
Independent Non-Executive Director5.42yrs€58.50kno data
Louise Fromond
Independent Non-Executive Director10.42yrs€58.75k0.74%
€ 7.0m
Peter Olof Sjolander
Independent Non-Executive Director5.42yrs€79.00kno data
Ritva Sotamaa
Independent Non-Executive Director5.42yrs€80.00k0.0037%
€ 35.1k
Nathalie Ahlström
Director0.42yrno datano data

5.4yrs

Average Tenure

53yo

Average Age

Experienced Board: FSKRS's board of directors are considered experienced (5.4 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

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


Key Information

  • Name: Fiskars Oyj Abp
  • Ticker: FSKRS
  • Exchange: HLSE
  • Founded: 1649
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: €953.217m
  • Shares outstanding: 81.47m
  • Website: https://www.fiskarsgroup.com

Number of Employees


Location

  • Fiskars Oyj Abp
  • Hämeentie 135 A
  • PO Box 130
  • Helsinki
  • 561
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FKRA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
FSKRSHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURJan 1992
0L9QLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
FSKRSHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
A8XDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Fiskars Oyj Abp manufactures and markets consumer products in Europe, the Americas, and the Asia Pacific. The company operates through three segments: Living, Functional, and Other. It offers a range of pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 21:27
End of Day Share Price2020/08/12 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.