Harvia Oyj
Market Cap
€213.1m
Last Updated
2020/07/14 21:02 UTC
Data Sources
Company Financials +
Executive Summary
Harvia Oyj, through its subsidiaries, manufactures and distributes traditional, steam, and infrared saunas.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with proven track record.
Share Price & News
How has Harvia Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HARVIA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
HARVIA
-1.2%
FI Leisure
-0.3%
FI Market
1 Year Return
56.2%
HARVIA
5.4%
FI Leisure
-6.1%
FI Market
Return vs Industry: HARVIA exceeded the Finnish Leisure industry which returned 6.7% over the past year.
Return vs Market: HARVIA exceeded the Finnish Market which returned -5.9% over the past year.
Shareholder returns
| HARVIA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.2% | -0.3% |
| 30 Day | 4.6% | 3.3% | 1.0% |
| 90 Day | 32.6% | 39.6% | 13.4% |
| 1 Year | 64.0%56.2% | 7.1%5.4% | 3.1%-6.1% |
| 3 Year | n/a | 39.9%30.4% | 9.1%-7.8% |
| 5 Year | n/a | 83.9%60.4% | 37.0%8.3% |
Price Volatility Vs. Market
How volatile is Harvia Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Harvia Oyj's (HEL:HARVIA) Latest Stock Performance A Reflection Of Its Financial Health?3 weeks ago | Simply Wall St
Should You Be Adding Harvia Oyj (HEL:HARVIA) To Your Watchlist Today?1 month ago | Simply Wall St
What Can We Learn From Harvia Oyj’s (HEL:HARVIA) Investment Returns?Valuation
Is Harvia Oyj undervalued compared to its fair value and its price relative to the market?
22.74x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HARVIA (€11.4) is trading above our estimate of fair value (€10.73)
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 (22.7x) compared to the XE Leisure industry average (14.7x).
PE vs Market: HARVIA is poor value based on its PE Ratio (22.7x) compared to the Finnish market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: HARVIA is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: HARVIA is overvalued based on its PB Ratio (3x) compared to the XE Leisure industry average (2x).
Next Steps
Future Growth
How is Harvia Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
13.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HARVIA's forecast earnings growth (13.8% per year) is above the savings rate (0.4%).
Earnings vs Market: HARVIA's earnings (13.8% per year) are forecast to grow faster than the Finnish market (13.5% per year).
High Growth Earnings: HARVIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: HARVIA's revenue (8% per year) is forecast to grow faster than the Finnish market (4.8% per year).
High Growth Revenue: HARVIA's revenue (8% 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 low in 3 years time (14.7%).
Next Steps
Past Performance
How has Harvia Oyj performed over the past 5 years?
28.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HARVIA has high quality earnings.
Growing Profit Margin: HARVIA's current net profit margins (12.5%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: HARVIA's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: HARVIA's earnings growth over the past year (21.2%) is below its 5-year average (28.9% per year).
Earnings vs Industry: HARVIA earnings growth over the past year (21.2%) exceeded the Leisure industry -1.6%.
Return on Equity
High ROE: HARVIA's Return on Equity (13.2%) is considered low.
Next Steps
Financial Health
How is Harvia Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: HARVIA's short term assets (€42.1M) exceed its short term liabilities (€13.5M).
Long Term Liabilities: HARVIA's short term assets (€42.1M) exceed its long term liabilities (€40.1M).
Debt to Equity History and Analysis
Debt Level: HARVIA's debt to equity ratio (53.1%) is considered high.
Reducing Debt: Insufficient data to determine if HARVIA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HARVIA's debt is well covered by operating cash flow (45.6%).
Interest Coverage: HARVIA's interest payments on its debt are well covered by EBIT (40.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Harvia Oyj current dividend yield, its reliability and sustainability?
3.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HARVIA's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Finnish market (2.4%).
High Dividend: HARVIA's dividend (3.33%) is low compared to the top 25% of dividend payers in the Finnish market (5.23%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HARVIA has been paying a dividend for less than 10 years.
Growing Dividend: HARVIA's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.8%), HARVIA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HARVIA's dividends in 3 years are forecast to be covered by earnings (56.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Tapio Pajuharju (57yo)
4.08yrs
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. Mr. Pajuharju has been Ha ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.08yrs | no data | 1.3% €2.8m | |
| Chief Financial Officer | 6.5yrs | no data | 0.70% €1.5m | |
| Operations & Sourcing Director | no data | no data | 0.21% €456.0k | |
| Vice President of Marketing | 0.083yr | no data | no data |
4.1yrs
Average Tenure
51yo
Average Age
Experienced Management: HARVIA's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 6.5yrs | €115.20k | 0.53% €1.1m | |
| Independent Director | 0.25yr | no data | no data | |
| Independent Director | 2.42yrs | €63.60k | 0.0080% €17.1k | |
| Independent Director | 3.83yrs | €48.00k | 0.11% €239.4k | |
| Independent Director | 0.25yr | no data | no data |
2.4yrs
Average Tenure
55yo
Average Age
Experienced Board: HARVIA's board of directors are not considered experienced ( 2.4 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 company bio, 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: €213.114m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HARVIA | HLSE (OMX Nordic Exchange Helsinki) | Yes | Common Shares | FI | EUR | Mar 2018 |
| HARVIH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Mar 2018 |
Biography
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. In addition, the company offers sauna installation, maintenance, and repair services; and infrared radiators and sauna equipment. Further, it engages in real estate business. The company offers its products to retailers and wholesalers through a network of dealers. It operates in Finland, Germany, other Scandinavia countries, other EU countries, Russia, North America, and internationally. Harvia Oyj was founded in 1950 and is headquartered in Muurame, Finland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 21:02 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.