HLSE:FSKRS

Stock Analysis Report

Executive Summary

Fiskars Oyj Abp manufactures and markets consumer products worldwide.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


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


Market Performance


7 Day Return

0.5%

FSKRS

1.4%

FI Consumer Durables

0.8%

FI Market


1 Year Return

-23.4%

FSKRS

8.9%

FI Consumer Durables

5.5%

FI Market

Return vs Industry: FSKRS underperformed the Finnish Consumer Durables industry which returned 8.9% over the past year.

Return vs Market: FSKRS underperformed the Finnish Market which returned 5.5% over the past year.


Shareholder returns

FSKRSIndustryMarket
7 Day0.5%1.4%0.8%
30 Day-0.5%3.0%0.6%
90 Day-8.0%3.3%2.7%
1 Year6.8%-23.4%15.8%8.9%10.4%5.5%
3 Year13.6%-25.5%35.0%16.5%29.6%14.2%
5 Year18.3%-36.8%91.0%51.8%62.9%31.7%

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?

10.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FSKRS (€12.46) is trading below our estimate of fair value (€13.98)

Significantly Undervalued: FSKRS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FSKRS is good value based on its PE Ratio (12.5x) compared to the Consumer Durables industry average (12.5x).

PE vs Market: FSKRS is good value based on its PE Ratio (12.5x) compared to the Finnish market (20.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: FSKRS is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: FSKRS is good value based on its PB Ratio (1.3x) compared to the XE Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Fiskars Oyj Abp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSKRS's forecast earnings growth (2.7% per year) is above the savings rate (0.5%).

Earnings vs Market: FSKRS's earnings (2.7% per year) are forecast to grow slower than the Finnish market (13.4% per year).

High Growth Earnings: FSKRS's earnings are forecast to grow, but not significantly.

Revenue vs Market: FSKRS's revenue (1.7% per year) is forecast to grow slower than the Finnish market (2.1% per year).

High Growth Revenue: FSKRS's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FSKRS's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

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

-39.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FSKRS's earnings have declined by -39.7% per year over the past 5 years.

Accelerating Growth: FSKRS's earnings growth over the past year (1.9%) exceeds its 5-year average (-39.7% per year).

Earnings vs Industry: FSKRS earnings growth over the past year (1.9%) exceeded the Consumer Durables industry -0.05%.


Return on Equity

High ROE: FSKRS's Return on Equity (10.8%) is considered low.


Return on Assets

ROA vs Industry: FSKRS's Return on Assets is below or equal to the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: FSKRS has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Fiskars Oyj Abp's financial position?


Financial Position Analysis

Short Term Liabilities: FSKRS's short term assets (€489.7M) exceeds its short term liabilities (€311.7M)

Long Term Liabilities: FSKRS's short term assets (489.7M) exceeds its long term liabilities (289.4M)


Debt to Equity History and Analysis

Debt Level: FSKRS's debt to equity ratio (24.4%) is considered satisfactory

Reducing Debt: FSKRS's debt to equity ratio has reduced from 34.7% to 24.4% over the past 5 years.

Debt Coverage: FSKRS's debt is well covered by operating cash flow (69.1%).

Interest Coverage: FSKRS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: FSKRS has a high level of physical assets or inventory.

Debt Coverage by Assets: FSKRS's debt is covered by short term assets (assets are 2.642740x debt).


Next Steps

Dividend

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

4.33%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%2.2%markettop25%5.1%industryaverage5.0%forecastin3Years4.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FSKRS's dividend (4.33%) is higher than the bottom 25% of dividend payers in the Finnish market (2.24%).

High Dividend: FSKRS's dividend (4.33%) is low compared to the top 25% of dividend payers in the Finnish market (5.06%).

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 reasonable payout ratio (54%), FSKRS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FSKRS's dividends in 3 years are forecast to be covered by earnings (64% payout ratio).


Next Steps

Management

What is the CEO of Fiskars Oyj Abp's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Jaana Tuominen (59yo)

2yrs

Tenure

€1,115,060

Compensation

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 had been its Interim President of SBU Functional since June  ...


CEO Compensation Analysis

Compensation vs. Market: Jaana has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Finnish market.

Compensation vs Earnings: Jaana's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.7yrs

Average Tenure

51yo

Average Age

Experienced Management: FSKRS's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

53yo

Average Age

Experienced Board: FSKRS's board of directors are considered experienced (4.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Juha Lehtola (53yo)

    President of Boats

    • Tenure: 10.5yrs
  • Jaana Tuominen (59yo)

    President

    • Tenure: 2yrs
    • Compensation: €1.12m
  • Sari Pohjonen (53yo)

    CFO & Deputy to the CEO

    • Tenure: 2.7yrs
  • Päivi Timonen (49yo)

    General Counsel

    • Tenure: 0yrs
  • Tuomas Hyyryläinen (42yo)

    Chief Growth Officer

    • Tenure: 1.1yrs
  • Risto Gaggl (51yo)

    Chief Supply Chain Officer

    • Tenure: 6.9yrs
  • Niklas Lindholm (51yo)

    Chief Human Resources Officer

    • Tenure: 1.2yrs
  • Topi Sarpakunnas (43yo)

    Senior Vice President of Business Development

    • Tenure: 4.6yrs
  • Maija Taimi (45yo)

    Senior Vice President of Corporate Communications & Sustainability

    • Tenure: 0yrs
  • Kristian Tammela

    Manager of Investor Relations

    • Tenure: 0yrs

Board Members

  • Fabian Månsson (55yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: €77.00k
  • Jyri Luomakoski (52yo)

    Vice Chairman

    • Tenure: 1.6yrs
    • Compensation: €76.75k
  • Paul Ehrnrooth (54yo)

    Chairman

    • Tenure: 5.6yrs
    • Compensation: €121.50k
  • Albert Ehrnrooth (43yo)

    Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: €44.50k
  • Inka Mero (43yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: €57.00k
  • Louise Fromond (40yo)

    Non-Executive Director

    • Tenure: 9.6yrs
    • Compensation: €58.75k
  • Peter Olof Sjölander (60yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: €77.00k
  • Ritva Sotamaa (56yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: €80.00k

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: €1.016b
  • Shares outstanding: 81.53m
  • 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 worldwide. The company operates through three segments: Living, Functional, and Other. It offers a range of products for tabletop, giftware and in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:35
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.