Harvia Oyj
Market Cap
€176.1m
Last Updated
2019/12/11 22:17 UTC
Data Sources
Company Financials +
Executive Summary
Harvia Oyj, through its subsidiaries, manufactures and distributes traditional saunas, steam saunas, and infrared saunas in Finland.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
HARVIA
0.3%
FI Leisure
-0.1%
FI Market
1 Year Return
62.4%
HARVIA
18.2%
FI Leisure
7.0%
FI Market
Return vs Industry: HARVIA exceeded the Finnish Leisure industry which returned 18.2% over the past year.
Return vs Market: HARVIA exceeded the Finnish Market which returned 7% over the past year.
Shareholder returns
| HARVIA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 0.3% | -0.1% |
| 30 Day | 9.0% | 5.2% | -2.2% |
| 90 Day | 37.3% | 8.9% | 0.08% |
| 1 Year | 71.6%62.4% | 21.9%18.2% | 11.9%7.0% |
| 3 Year | n/a | 76.6%60.9% | 25.5%10.4% |
| 5 Year | n/a | 117.4%88.1% | 56.9%26.8% |
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 day ago | Simply Wall St
These 4 Measures Indicate That Harvia Oyj (HEL:HARVIA) Is Using Debt Safely2 weeks ago | Simply Wall St
How Does Harvia Oyj (HEL:HARVIA) Fare As A Dividend Stock?1 month ago | Simply Wall St
Harvia Oyj Just Recorded A 7.5% Earnings Beat: Here's What Analysts ThinkValuation
Is Harvia Oyj undervalued compared to its fair value and its price relative to the market?
4.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HARVIA (€9.42) is trading below our estimate of fair value (€9.81)
Significantly Below Fair Value: HARVIA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HARVIA is poor value based on its PE Ratio (20.4x) compared to the Leisure industry average (16.2x).
PE vs Market: HARVIA is poor value based on its PE Ratio (20.4x) compared to the Finnish market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: HARVIA is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: HARVIA is overvalued based on its PB Ratio (2.5x) 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?
9.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HARVIA's forecast earnings growth (9.3% per year) is above the savings rate (-0.1%).
Earnings vs Market: HARVIA's earnings (9.3% per year) are forecast to grow slower than the Finnish market (14.2% per year).
High Growth Earnings: HARVIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: HARVIA's revenue (4.4% per year) is forecast to grow faster than the Finnish market (2.2% per year).
High Growth Revenue: HARVIA's revenue (4.4% 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%).
Next Steps
Past Performance
How has Harvia Oyj performed over the past 5 years?
27.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HARVIA has high quality earnings.
Growing Profit Margin: HARVIA's current net profit margins (12.4%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: HARVIA's earnings have grown significantly by 27.6% per year over the past 5 years.
Accelerating Growth: HARVIA's earnings growth over the past year (77.6%) exceeds its 5-year average (27.6% per year).
Earnings vs Industry: HARVIA earnings growth over the past year (77.6%) exceeded the Leisure industry 2.5%.
Return on Equity
High ROE: HARVIA's Return on Equity (12.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Harvia Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: HARVIA's short term assets (€38.4M) exceed its short term liabilities (€11.3M).
Long Term Liabilities: HARVIA's short term assets (€38.4M) do not cover its long term liabilities (€40.5M).
Debt to Equity History and Analysis
Debt Level: HARVIA's debt to equity ratio (55.4%) 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 (35%).
Interest Coverage: HARVIA's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
Inventory Level: HARVIA has a high level of physical assets or inventory.
Debt Coverage by Assets: HARVIA's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Harvia Oyj's current dividend yield, its reliability and sustainability?
4.03%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HARVIA's dividend (4.03%) is higher than the bottom 25% of dividend payers in the Finnish market (2.21%).
High Dividend: HARVIA's dividend (4.03%) is low compared to the top 25% of dividend payers in the Finnish market (4.89%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HARVIA's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HARVIA's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.2%), HARVIA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HARVIA's dividends in 3 years are forecast to be covered by earnings (69.8% payout ratio).
Next Steps
Management
What is the CEO of Harvia Oyj's salary, the management and board of directors tenure and is there insider trading?
CEO
Tapio Pajuharju (56yo)
3.5yrs
Tenure
Mr. Tapio Pajuharju has been Chairman at 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 Harvia Group's CEO since 2016. ...
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.6%.
Management Team
Ari Vesterinen
Chief Financial Officer
- Tenure: 0yrs
Tapio Pajuharju (56yo)
Chief Executive Officer
- Tenure: 3.5yrs
Sami Linna
Marketing Director
- Tenure: 2yrs
Board Members
Anders Björkell
Independent Director
- Tenure: 0yrs
Olli Liitola (62yo)
Chairman
- Tenure: 0yrs
Pertti Harvia (68yo)
Director
- Tenure: 0yrs
Ari Hiltunen (55yo)
Independent Director
- Tenure: 1.8yrs
Ia Adlercreutz (48yo)
Independent Director
- Tenure: 3.3yrs
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: €176.100m
- 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 saunas, steam saunas, and infrared saunas in Finland. It offers sauna heaters, sauna rooms, control units, and steam generator ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 22:17 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.