HARV

Harvia OyjHLSE:HARVIA Stock Report

Market Cap

€962.4m

7D

-5.7%

1Y

221.9%

Updated

16 Sep, 2021

Data

Company Financials +
HARVIA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance6/6
Financial Health4/6
Dividends0/6

HARVIA Overview

Harvia Oyj, through its subsidiaries, manufactures and distributes traditional, steam, and infrared saunas.

Price History & Performance

Summary of all time highs, changes and price drops for Harvia Oyj
Historical stock prices
Current Share Price€51.50
52 Week High€15.35
52 Week Low€64.10
Beta1.3
1 Month Change-10.59%
3 Month Change6.85%
1 Year Change221.88%
3 Year Change765.55%
5 Year Changen/a
Change since IPO930.00%

Recent News & Updates

Sep 15
When Should You Buy Harvia Oyj (HEL:HARVIA)?

When Should You Buy Harvia Oyj (HEL:HARVIA)?

Harvia Oyj ( HEL:HARVIA ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Sep 02
Does Harvia Oyj (HEL:HARVIA) Deserve A Spot On Your Watchlist?

Does Harvia Oyj (HEL:HARVIA) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jul 20
Analysts Just Published A Bright New Outlook For Harvia Oyj's (HEL:HARVIA)

Analysts Just Published A Bright New Outlook For Harvia Oyj's (HEL:HARVIA)

Harvia Oyj ( HEL:HARVIA ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...

Shareholder Returns

HARVIAFI LeisureFI Market
7D-5.7%-0.4%-2.5%
1Y221.9%63.0%22.0%

Return vs Industry: HARVIA exceeded the Finnish Leisure industry which returned 61% over the past year.

Return vs Market: HARVIA exceeded the Finnish Market which returned 22.8% over the past year.

Price Volatility

Is HARVIA's price volatile compared to industry and market?
HARVIA volatility
HARVIA Beta1.3
Industry Beta1.07
Market Beta1

Stable Share Price: HARVIA is more volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HARVIA's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

FoundedEmployeesCEOWebsite
1950822Tapio Pajuharjuhttps://www.harvia.fi

Harvia Oyj, through its subsidiaries, manufactures and distributes traditional, steam, and infrared saunas. The company offers sauna heaters, sauna rooms, control units, and steam generators; sauna heater spare parts, sauna stones, hot water containers, steam room elements, sauna lighting solutions, and waterproof sauna speakers; and sauna accessories, such as sauna scents, buckets, ladles, and thermometers. It also provides wood-heated saunas; precut saunas and saunas interior products; ready-made saunas; infrared cabins and tailor-made infrared saunas; spa products, including spa modules and accessories, steam generators, and luminous; and cooking and home heating products.

Harvia Oyj Fundamentals Summary

How do Harvia Oyj's earnings and revenue compare to its market cap?
HARVIA fundamental statistics
Market Cap€962.39m
Earnings (TTM)€27.15m
Revenue (TTM)€149.68m

35.4x

P/E Ratio

6.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HARVIA income statement (TTM)
Revenue€149.68m
Cost of Revenue€57.72m
Gross Profit€91.96m
Expenses€64.80m
Earnings€27.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)1.45
Gross Margin61.44%
Net Profit Margin18.14%
Debt/Equity Ratio77.6%

How did HARVIA perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

27%

Payout Ratio

Valuation

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

35.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HARVIA (€51.5) is trading above our estimate of fair value (€41.89)

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


Price To Earnings Ratio

PE vs Industry: HARVIA is poor value based on its PE Ratio (35.4x) compared to the European Leisure industry average (18.7x).

PE vs Market: HARVIA is poor value based on its PE Ratio (35.4x) compared to the Finnish market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: HARVIA is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: HARVIA is overvalued based on its PB Ratio (13.6x) compared to the XE Leisure industry average (3.2x).


Future Growth

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

15.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HARVIA's forecast earnings growth (15.5% per year) is above the savings rate (0.2%).

Earnings vs Market: HARVIA's earnings (15.5% per year) are forecast to grow faster than the Finnish market (7.3% per year).

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

Revenue vs Market: HARVIA's revenue (16.2% per year) is forecast to grow faster than the Finnish market (3.7% per year).

High Growth Revenue: HARVIA's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HARVIA's Return on Equity is forecast to be high in 3 years time (35.5%)


Past Performance

How has Harvia Oyj performed over the past 5 years?

47.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HARVIA has high quality earnings.

Growing Profit Margin: HARVIA's current net profit margins (18.1%) are higher than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: HARVIA's earnings have grown significantly by 47.4% per year over the past 5 years.

Accelerating Growth: HARVIA's earnings growth over the past year (154.7%) exceeds its 5-year average (47.4% per year).

Earnings vs Industry: HARVIA earnings growth over the past year (154.7%) exceeded the Leisure industry 71%.


Return on Equity

High ROE: HARVIA's Return on Equity (37.9%) is considered high.


Financial Health

How is Harvia Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: HARVIA's short term assets (€77.7M) exceed its short term liabilities (€33.5M).

Long Term Liabilities: HARVIA's short term assets (€77.7M) do not cover its long term liabilities (€83.5M).


Debt to Equity History and Analysis

Debt Level: HARVIA's debt to equity ratio (77.6%) is considered high.

Reducing Debt: HARVIA's debt to equity ratio has reduced from 544.9% to 77.6% over the past 5 years.

Debt Coverage: HARVIA's debt is well covered by operating cash flow (54.8%).

Interest Coverage: HARVIA's interest payments on its debt are well covered by EBIT (33.8x coverage).


Balance Sheet


Dividend

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

0.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HARVIA's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.66%).

High Dividend: HARVIA's dividend (0.78%) is low compared to the top 25% of dividend payers in the Finnish market (3.63%).


Stability and Growth of Payments

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

Growing Dividend: HARVIA 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: HARVIA is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HARVIA'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?

3.3yrs

Average management tenure


CEO

Tapio Pajuharju (58 yo)

5.25yrs

Tenure

Mr. Tapio Pajuharju has been Chairman at Eezy Oyj (formerly known as VMP Oyj) ( also known as VMP Group Oy; VMP Plc) since August 23, 2019 and has been its Director at since 2010. He serves as Independent...


Leadership Team

Experienced Management: HARVIA's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: HARVIA's board of directors are not considered experienced ( 0.4 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

Harvia Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Harvia Oyj
  • Ticker: HARVIA
  • Exchange: HLSE
  • Founded: 1950
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €962.390m
  • Shares outstanding: 18.69m
  • Website: https://www.harvia.fi

Number of Employees


Location

  • Harvia Oyj
  • Teollisuustie 1-7
  • PO Box 12
  • Muurame
  • Central Finland
  • 40951
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:34
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.