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Harvia Oyj

HLSE:HARVIA
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HARVIA
HLSE
€122M
Market Cap
  1. Home
  2. FI
  3. Consumer Durables
Company description

Harvia Oyj, through its subsidiaries, manufactures and distributes traditional saunas, steam saunas, and infrared saunas in Finland. The last earnings update was 11 days ago. More info.


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HARVIA Share Price and Events
7 Day Returns
-0.3%
HLSE:HARVIA
1.2%
Europe Leisure
1.8%
FI Market
1 Year Returns
12.9%
HLSE:HARVIA
13.4%
Europe Leisure
-6.7%
FI Market
HARVIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harvia Oyj (HARVIA) -0.3% 4.2% 7.8% 12.9% - -
Europe Leisure 1.2% 2.2% 8.5% 13.4% 72% 90.9%
FI Market 1.8% -3.2% -1.9% -6.7% 24.4% 27%
1 Year Return vs Industry and Market
  • HARVIA outperformed the Market in Finland which returned -6.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

HARVIA Value

 Is Harvia Oyj 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 Harvia Oyj 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 Harvia Oyj.

HLSE:HARVIA 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 7.8%
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:HARVIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 20%) (34.86%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.111 * 6.51%)
7.77%

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

The calculations below outline how an intrinsic value for Harvia Oyj 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:HARVIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.77%)
2019 10.20 Analyst x2 9.46
2020 13.45 Analyst x2 11.58
2021 11.85 Analyst x2 9.47
2022 11.10 Analyst x1 8.23
2023 11.50 Analyst x1 7.91
2024 11.07 Est @ -3.7% 7.07
2025 10.81 Est @ -2.43% 6.40
2026 10.64 Est @ -1.54% 5.85
2027 10.54 Est @ -0.91% 5.37
2028 10.49 Est @ -0.48% 4.96
Present value of next 10 years cash flows €76.30
HLSE:HARVIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €10.49 × (1 + 0.54%) ÷ (7.77% – 0.54%)
€145.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €145.86 ÷ (1 + 7.77%)10
€69.00
HLSE:HARVIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €76.30 + €69.00
€145.30
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €145.30 / 18.69
€7.77
HLSE:HARVIA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.77
Current discount Discount to share price of €6.50
= -1 x (€6.50 - €7.77) / €7.77
16.4%

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

Current Discount
Amount off the current price Harvia Oyj is available for.
Intrinsic value
16%
Share price is €6.5 vs Future cash flow value of €7.77
Current Discount Checks
For Harvia Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Harvia Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Harvia Oyj'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 Harvia Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harvia Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:HARVIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.41
HLSE:HARVIA Share Price ** HLSE (2019-05-17) in EUR €6.5
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 18.81x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.89x

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

** Primary Listing of Harvia Oyj.

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

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

= 6.5 ÷ 0.41

15.75x

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

  • Harvia Oyj is good value based on earnings compared to the Europe Leisure industry average.
  • Harvia Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Harvia Oyj's expected growth come at a high price?
Raw Data
HLSE:HARVIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8.9%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.49x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.75x ÷ 8.9%

1.76x

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

  • Harvia Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Harvia Oyj's assets?
Raw Data
HLSE:HARVIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.66
HLSE:HARVIA Share Price * HLSE (2019-05-17) in EUR €6.5
Europe Leisure Industry PB Ratio Median Figure of 28 Publicly-Listed Leisure Companies 2.54x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.9x
HLSE:HARVIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.5 ÷ 3.66

1.77x

* Primary Listing of Harvia Oyj.

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

  • Harvia Oyj is good value based on assets compared to the Europe Leisure industry average.
X
Value checks
We assess Harvia Oyj'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Harvia Oyj has a total score of 3/6, 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.

HARVIA Future Performance

 How is Harvia Oyj 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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harvia Oyj expected to grow at an attractive rate?
  • Harvia Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Harvia Oyj's earnings growth is positive but not above the Finland market average.
  • Harvia Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:HARVIA Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:HARVIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8.9%
HLSE:HARVIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.2%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*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:HARVIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:HARVIA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14
2022-12-31 81 13 11 1
2021-12-31 78 14 11 2
2020-12-31 75 15 11 2
2019-12-31 71 12 9 2
HLSE:HARVIA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 65 9 8
2018-12-31 62 9 7
2018-09-30 62 7 5
2018-06-30 61 7 4
2018-03-31 60 11 3
2017-12-31 60 8 3
2016-12-31 50 10 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Harvia Oyj's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • Harvia Oyj's revenue is expected to grow by 5.2% 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:HARVIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Harvia Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:HARVIA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.59 0.59 0.59 1.00
2021-12-31 0.60 0.63 0.56 2.00
2020-12-31 0.56 0.59 0.53 2.00
2019-12-31 0.49 0.50 0.48 2.00
HLSE:HARVIA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.41
2018-12-31 0.41
2018-09-30 0.34
2018-06-30 0.33
2018-03-31 0.32
2017-12-31 0.30
2016-12-31 0.35

*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.
  • Harvia Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Harvia Oyj'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.
Harvia Oyj has a total score of 2/6, 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.

HARVIA Past Performance

  How has Harvia Oyj 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 Harvia Oyj's growth in the last year to its industry (Leisure).
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.
  • Harvia Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Harvia Oyj's 1-year earnings growth exceeds its 5-year average (148% vs 22.4%)
  • Harvia Oyj's earnings growth has exceeded the Europe Leisure industry average in the past year (148% vs 24.3%).
Earnings and Revenue History
Harvia Oyj'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 Harvia Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:HARVIA 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 64.73 7.73 13.94
2018-12-31 61.94 6.78 13.63
2018-09-30 61.86 4.85 12.80
2018-06-30 61.06 4.06 12.66
2018-03-31 60.16 3.12 13.10
2017-12-31 60.11 2.91 12.83
2016-12-31 50.10 3.32 9.93
2015-12-31 46.41 3.80 9.37

*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.
  • Harvia Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Harvia Oyj used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.
  • Harvia Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Harvia Oyj'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 Leisure 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.
Harvia Oyj has a total score of 4/6, 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.

HARVIA Health

 How is Harvia Oyj'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 Harvia Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harvia Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Harvia Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Harvia Oyj'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 not covered by short term assets, assets are 0.9x 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 Harvia Oyj Company Filings, last reported 1 month ago.

HLSE:HARVIA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 68.50 42.37 8.87
2018-12-31 65.82 40.37 8.27
2018-09-30 67.32 40.32 8.87
2018-06-30 65.68 43.39 10.53
2018-03-31 64.09 43.37 11.68
2017-12-31 19.28 83.04 8.35
2016-12-31 16.87 82.91 6.57
2015-12-31 13.17 80.80 6.88
  • Harvia Oyj's level of debt (61.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Harvia Oyj's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (20.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.7x coverage).
X
Financial health checks
We assess Harvia Oyj'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. Harvia Oyj has a total score of 3/6, 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.

HARVIA Dividends

 What is Harvia Oyj'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
5.85%
Current annual income from Harvia Oyj dividends. Estimated to be 6.26% next year.
If you bought €2,000 of Harvia Oyj shares you are expected to receive €117 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?
  • Harvia Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.32%).
  • Harvia Oyj's dividend is above the markets top 25% of dividend payers in Finland (5.28%).
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:HARVIA 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 Leisure Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:HARVIA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.43 2.00
2020-12-31 0.41 2.00
2019-12-31 0.39 2.00
HLSE:HARVIA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.380 5.936
2018-11-14 0.360 6.086
2018-08-16 0.360 6.382

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

  • It is too early to tell whether Harvia Oyj has stable dividend payments.
  • Harvia Oyj only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Harvia Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Harvia Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Harvia Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harvia Oyj 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.

HARVIA Management

 What is the CEO of Harvia Oyj'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
Tapio Pajuharju
AGE 55
TENURE AS CEO 2.9 years
CEO Bio

Mr. Tapio Pajuharju has been Director at VMP Oyj ( also known as VMP Group Oy; VMP Plc) since 2010. Mr. Pajuharju has been Harvia Group's CEO since 2016. He served as Oy Hartwall Ab's CEO from 2014 to 2016. He served as the Managing Director at Oy Hartwall Ab until August 4, 2016. Mr. Pajuharju served as President of Lumene Oy (also known as Lumene Group) until December 2014 and also served as its Chief Executive Officer from 2004 to 2014. He served as Huhtamäki Group's several management positions from 1988 to 2004. He has been Director of Varamiespalvelu Group since 2010; Saunamax Oy since 2017; Overlandpark Oy since 2011 and Walki Group Oy since 2016. He served as Director of Harvia Oyj from 2014 to 2016; Halti Oy from 2012 to 2014 and SM-Liiga Oy from 2013 to 2017. He served as the Managing Director at Harvia Oyj and serves as its Chief Executive Officer. He holds M.Sc. (Econ.).

CEO Compensation
  • Insufficient data for Tapio to compare compensation growth.
  • Insufficient data for Tapio to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team

Tapio Pajuharju

TITLE
Chief Executive Officer
AGE
55
TENURE
2.9 yrs

Ari Vesterinen

TITLE
Chief Financial Officer

Sami Linna

TITLE
Marketing Director
TENURE
1.4 yrs
Board of Directors

Olli Liitola

TITLE
Chairman
AGE
61

Pertti Harvia

TITLE
Director
AGE
67

Anders Björkell

TITLE
Director

Ari Hiltunen

TITLE
Director
AGE
54
TENURE
1.3 yrs

Ia Adlercreutz

TITLE
Director
AGE
47
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Harvia Oyj'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. Harvia Oyj 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.

HARVIA News

Simply Wall St News

Can We See Significant Insider Ownership On The Harvia Oyj (HEL:HARVIA) Share Register?

Insider Ownership Of Harvia Oyj The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership We can see that Private Companies own 6.1%, of the shares on issue. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

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Is Harvia Oyj's (HEL:HARVIA) 10% ROE Worse Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.10. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Percentage Of Harvia Oyj (HEL:HARVIA) Shares Do Insiders Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Harvia Oyj is a smaller company with a market capitalization of €119m, so it may still be flying under the radar of many institutional investors. … We can zoom in on the different ownership groups, to learn more about HARVIA

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Is Harvia Oyj's (HEL:HARVIA) Stock Available For A Good Price After Accounting For Growth?

Harvia Oyj (HEL:HARVIA) is considered a high growth stock. … However its last closing price of €6.48 left investors wondering whether this growth has already been factored into the share price. … Investors in Harvia Oyj have been patiently waiting for the uptick in earnings.

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Is Harvia Oyj (HEL:HARVIA) A Great Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Harvia Oyj tick all the boxes of a great dividend stock? … How I analyze a dividend stock

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Harvia Oyj (HEL:HARVIA): Will The Growth Last?

Harvia Oyj's (HEL:HARVIA) most recent earnings update in December 2018a … confirmed … business

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Is Harvia Oyj's (HEL:HARVIA) Balance Sheet Strong Enough To Weather A Storm?

Harvia Oyj (HEL:HARVIA) is a small-cap stock with a market capitalization of €127m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.

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A Look At The Intrinsic Value Of Harvia Oyj (HEL:HARVIA)

I am going to run you through how I calculated the intrinsic value of Harvia Oyj (HEL:HARVIA). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

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Can Harvia Oyj (HEL:HARVIA) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.072. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Kind Of Shareholders Own Harvia Oyj (HEL:HARVIA)?

Conversely, insiders often decrease their ownership over time. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about HARVIA

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HARVIA Company Info

Description

Harvia Oyj, through its subsidiaries, manufactures and distributes traditional saunas, steam saunas, and infrared saunas in Finland. It offers sauna heaters, sauna rooms, control units, and steam generators; sauna heater resistors and other spare parts, sauna stones, hot water containers, sauna lighting fixtures, and waterproof sauna speakers; and sauna accessories, such as sauna scents, buckets, ladles, and thermometers. The company also provides wood-heated saunas, pipes and chimneys, protective sheaths and beddings, and sauna stones; ready-made saunas; sauna interior solutions, such as sauna benches, audio speakers, and lighting solutions; spa products, including spa modules and accessories, steam generators, and luminous; and cooking and home heating products. In addition, it offers sauna-related services, such as maintenance, installation, upkeep, and repair services; and infrared radiators and various spa modules. Further, the company engages in real estate business. It also exports its products to 84 countries, including Germany, other EU countries, other Scandinavia countries, Russia, North America, and internationally. Harvia Oyj was founded in 1950 and is headquartered in Muurame, Finland.

Details
Name: Harvia Oyj
HARVIA
Exchange: HLSE
Founded: 1950
€121,512,534
18,694,236
Website: http://www.harvia.fi
Address: Harvia Oyj
Teollisuustie 1-7,
PO Box 12,
Muurame,
Central Finland, 40951,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE HARVIA Common Shares OMX Nordic Exchange Helsinki FI EUR 22. Mar 2018
BATS-CHIXE HARVIH Common Shares BATS 'Chi-X Europe' GB EUR 22. Mar 2018
Number of employees
Current staff
Staff numbers
390
Harvia Oyj employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 23:14
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/07
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.