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Marimekko Oyj

HLSE:MMO1V
Snowflake Description

Outstanding track record with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMO1V
HLSE
€212M
Market Cap
  1. Home
  2. FI
  3. Consumer Durables
Company description

Marimekko Oyj, a clothing and textile company, designs, manufactures, and markets clothing products, interior decoration products, and bags in Northern Europe, North America, the Asia Pacific, and internationally. The last earnings update was 22 days ago. More info.


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MMO1V Share Price and Events
7 Day Returns
2.3%
HLSE:MMO1V
2.1%
Europe Luxury
2.5%
FI Market
1 Year Returns
105.5%
HLSE:MMO1V
10.6%
Europe Luxury
3.3%
FI Market
MMO1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marimekko Oyj (MMO1V) 2.3% -4% 26.4% 105.5% 225.9% 159.1%
Europe Luxury 2.1% 4.8% 18.3% 10.6% 63.3% 79.2%
FI Market 2.5% 2.3% 13.6% 3.3% 25.5% 40%
1 Year Return vs Industry and Market
  • MMO1V outperformed the Luxury industry which returned 10.6% over the past year.
  • MMO1V outperformed the Market in Finland which returned 3.3% over the past year.
Price Volatility
MMO1V
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Marimekko 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 Marimekko 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 Marimekko Oyj.

HLSE:MMO1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
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:MMO1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 20%) (0.19%))
0.79
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.8 * 6.51%)
5.75%

Discounted Cash Flow Calculation for HLSE:MMO1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marimekko 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:MMO1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.75%)
2019 7.23 Analyst x3 6.84
2020 9.83 Analyst x3 8.79
2021 11.27 Analyst x3 9.53
2022 12.73 Analyst x3 10.18
2023 13.10 Analyst x3 9.91
2024 13.38 Est @ 2.15% 9.57
2025 13.60 Est @ 1.67% 9.20
2026 13.79 Est @ 1.33% 8.82
2027 13.94 Est @ 1.09% 8.43
2028 14.07 Est @ 0.93% 8.04
Present value of next 10 years cash flows €89.31
HLSE:MMO1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €14.07 × (1 + 0.54%) ÷ (5.75% – 0.54%)
€271.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €271.53 ÷ (1 + 5.75%)10
€155.27
HLSE:MMO1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €89.31 + €155.27
€244.58
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €244.58 / 8.07
€30.31
HLSE:MMO1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €30.31
Current discount Discount to share price of €26.30
= -1 x (€26.30 - €30.31) / €30.31
13.2%

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

Current Discount
Amount off the current price Marimekko Oyj is available for.
Intrinsic value
13%
Share price is €26.3 vs Future cash flow value of €30.31
Current Discount Checks
For Marimekko Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marimekko Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Marimekko 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 Marimekko Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marimekko Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:MMO1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.70
HLSE:MMO1V Share Price ** HLSE (2019-03-21) in EUR €26.3
Europe Luxury Industry PE Ratio Median Figure of 65 Publicly-Listed Luxury Companies 17.12x
Finland Market PE Ratio Median Figure of 108 Publicly-Listed Companies 19.5x

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

** Primary Listing of Marimekko Oyj.

HLSE:MMO1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:MMO1V Share Price ÷ EPS (both in EUR)

= 26.3 ÷ 1.70

15.51x

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

  • Marimekko Oyj is good value based on earnings compared to the Europe Luxury industry average.
  • Marimekko Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Marimekko Oyj's expected growth come at a high price?
Raw Data
HLSE:MMO1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-0.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.83x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

HLSE:MMO1V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.51x ÷ -0.6%

-28.14x

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

  • Marimekko Oyj earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Marimekko Oyj's assets?
Raw Data
HLSE:MMO1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.96
HLSE:MMO1V Share Price * HLSE (2019-03-21) in EUR €26.3
Europe Luxury Industry PB Ratio Median Figure of 95 Publicly-Listed Luxury Companies 1.42x
Finland Market PB Ratio Median Figure of 141 Publicly-Listed Companies 2.01x
HLSE:MMO1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:MMO1V Share Price ÷ Book Value per Share (both in EUR)

= 26.3 ÷ 4.96

5.31x

* Primary Listing of Marimekko Oyj.

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

  • Marimekko Oyj is overvalued based on assets compared to the Europe Luxury industry average.
X
Value checks
We assess Marimekko 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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Marimekko Oyj has a total score of 2/6, 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.

Future Performance

 How is Marimekko Oyj expected to perform in the next 1 to 3 years based on estimates from 4 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
-0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marimekko Oyj expected to grow at an attractive rate?
  • Marimekko Oyj's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Marimekko Oyj's earnings are expected to decrease over the next 1-3 years, this is below the Finland market average.
  • Marimekko Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:MMO1V Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:MMO1V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -0.6%
HLSE:MMO1V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.6%
Europe Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
Europe Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Finland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
Finland Market Revenue Growth Rate Market Cap Weighted Average 1.5%

*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:MMO1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:MMO1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 138 15 2
2022-12-31 136 13 11 3
2021-12-31 131 14 12 3
2020-12-31 122 13 11 4
2019-12-31 116 11 10 4
HLSE:MMO1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 112 12 14
2018-09-30 112 15 15
2018-06-30 109 16 13
2018-03-31 104 9 6
2017-12-31 102 10 6
2017-09-30 101 9 5
2017-06-30 100 6 5
2017-03-31 101 9 6
2016-12-31 100 6 4
2016-09-30 99 4 4
2016-06-30 97 3 2
2016-03-31 96 4 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marimekko Oyj's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Marimekko Oyj's revenue is expected to grow by 4.6% 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:MMO1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Marimekko Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:MMO1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.41 1.41 1.41 1.00
2021-12-31 1.52 1.64 1.33 3.00
2020-12-31 1.33 1.41 1.24 4.00
2019-12-31 1.20 1.23 1.15 3.00
HLSE:MMO1V Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.70
2018-09-30 1.79
2018-06-30 1.60
2018-03-31 0.71
2017-12-31 0.70
2017-09-30 0.68
2017-06-30 0.61
2017-03-31 0.69
2016-12-31 0.50
2016-09-30 0.46
2016-06-30 0.19
2016-03-31 0.12

*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.
  • Marimekko Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Marimekko 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.
Marimekko 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.

Past Performance

  How has Marimekko 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 Marimekko Oyj's growth in the last year to its industry (Luxury).
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.
  • Marimekko Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Marimekko Oyj's 1-year earnings growth exceeds its 5-year average (142% vs 50.7%)
  • Marimekko Oyj's earnings growth has exceeded the Europe Luxury industry average in the past year (142% vs 13.6%).
Earnings and Revenue History
Marimekko 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 Marimekko Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:MMO1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 111.88 13.70 26.19
2018-09-30 111.98 14.51 40.72
2018-06-30 109.36 12.92 40.39
2018-03-31 103.92 5.72 40.02
2017-12-31 102.32 5.66 39.91
2017-09-30 100.66 5.47 40.30
2017-06-30 100.39 4.97 40.22
2017-03-31 101.16 5.56 40.34
2016-12-31 99.61 4.03 40.75
2016-09-30 98.92 3.71 40.84
2016-06-30 96.56 1.54 41.21
2016-03-31 96.47 0.94 41.77
2015-12-31 95.65 0.80 41.87
2015-09-30 94.26 0.86 40.04
2015-06-30 96.48 4.25 39.65
2015-03-31 94.91 4.52 39.47
2014-12-31 94.15 4.11 39.50
2014-09-30 93.53 2.32 38.25
2014-06-30 91.59 0.11 38.28
2014-03-31 92.67 -1.32 40.46
2013-12-31 94.01 -0.96 39.87
2013-09-30 94.29 -0.75 39.27
2013-06-30 93.63 -0.07 39.12
2013-03-31 90.37 0.79 36.47
2012-12-31 88.47 1.10 35.98
2012-09-30 86.30 2.85 31.78
2012-06-30 81.90 2.10 30.87
2012-03-31 79.02 1.72 29.89

*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.
  • Marimekko Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Marimekko Oyj used its assets more efficiently than the Europe Luxury industry average last year based on Return on Assets.
  • Marimekko Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Marimekko 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 Luxury 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.
Marimekko Oyj has a total score of 6/6, 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.

Health

 How is Marimekko 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 Marimekko Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marimekko Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marimekko Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marimekko 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 covered by short term assets, assets are 128x 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 Marimekko Oyj Company Filings, last reported 2 months ago.

HLSE:MMO1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 40.01 0.41 23.17
2018-09-30 39.04 0.44 17.74
2018-06-30 34.40 0.40 15.46
2018-03-31 31.32 3.34 3.99
2017-12-31 30.67 3.34 6.21
2017-09-30 29.16 8.21 2.39
2017-06-30 25.82 12.02 2.86
2017-03-31 28.90 6.63 2.73
2016-12-31 28.32 5.98 3.48
2016-09-30 26.74 12.62 2.91
2016-06-30 23.79 13.86 3.26
2016-03-31 26.17 11.89 4.37
2015-12-31 27.13 7.32 4.25
2015-09-30 25.99 10.70 3.59
2015-06-30 25.34 10.50 3.65
2015-03-31 28.03 8.21 3.11
2014-12-31 29.05 7.13 4.08
2014-09-30 27.65 11.38 2.71
2014-06-30 23.82 11.55 2.16
2014-03-31 25.50 13.19 1.89
2013-12-31 26.99 11.56 3.00
2013-09-30 27.69 10.55 3.44
2013-06-30 25.81 18.22 3.29
2013-03-31 28.87 15.57 2.93
2012-12-31 30.00 12.71 3.11
2012-09-30 29.69 16.44 2.27
2012-06-30 27.18 17.14 1.55
2012-03-31 31.82 13.45 1.94
  • Marimekko Oyj's level of debt (1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42.9% vs 1% today).
  • Debt is well covered by operating cash flow (2996.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 170.4x coverage).
X
Financial health checks
We assess Marimekko 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. Marimekko Oyj has a total score of 6/6, 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.

Dividends

 What is Marimekko 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
2.28%
Current annual income from Marimekko Oyj dividends. Estimated to be 3.31% next year.
If you bought €2,000 of Marimekko Oyj shares you are expected to receive €46 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?
  • Marimekko Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.26%).
  • Marimekko Oyj's dividend is below the markets top 25% of dividend payers in Finland (4.95%).
Upcoming dividend payment

Purchase Marimekko Oyj on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:MMO1V 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 4 Analyst Estimates (S&P Global) See Below
Europe Luxury Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.8%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.1%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

HLSE:MMO1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.02 3.00
2020-12-31 0.84 4.00
2019-12-31 0.77 3.00
HLSE:MMO1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.600 2.321
2018-04-12 0.500 2.777
2017-04-06 0.400 3.751
2016-03-18 0.350 4.208
2016-02-11 0.350 4.870
2015-02-26 0.350 3.774
2014-04-23 0.250 2.581
2013-01-31 0.250 2.352
2012-02-10 0.550 3.958
2011-02-08 0.550 4.548
2010-02-03 0.450 3.774
2009-03-23 0.550 5.552

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Marimekko Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Marimekko Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Marimekko Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marimekko 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.

Management

 What is the CEO of Marimekko 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
Tiina Alahuhta-Kasko
AGE 37
CEO Bio

Ms. Tiina Alahuhta-Kasko, M. Sc. (Econ.), CEMS MIM, has been the President at Marimekko Oyj since April 2015 and serves as its Chief Executive Officer. Ms. Alahuhta-Kasko has been Director of Finnair Oyj since March 20, 2019. She served as the Chairman of Management Board and President at Marimekko Oyj since April 2015. Ms. Alahuhta-Kasko served as the Chief Operating Officer of Marimekko Oyj from August 20, 2014 to April 2015 and its Chief Marketing Officer from 2011 to April 2015. Ms. Alahuhta-Kasko was employed at Marimekko Corporation as Acting Marketing Director, Head of PR, PR manager. She holds M. Sc. (Econ) , CEMS MIM.

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

Average tenure and age of the Marimekko Oyj management team in years:

1.3
Average Tenure
48
Average Age
  • The average tenure for the Marimekko Oyj management team is less than 2 years, this suggests a new team.
Management Team

Tiina Alahuhta-Kasko

TITLE
CEO & President
AGE
37

Elina Anckar

TITLE
Chief Financial Officer
AGE
50
TENURE
3.3 yrs

Morten Israelsen

TITLE
Chief Sales Officer
AGE
45
TENURE
0.4 yrs

Tanya Strohmayer

TITLE
Human Resources Director
AGE
48
TENURE
2.1 yrs

Tina Broman

TITLE
Chief Supply Chain Officer
AGE
49
TENURE
1.4 yrs

Kari Härkönen

TITLE
Chief Digital Officer
AGE
37
TENURE
1.3 yrs

Riika Wikberg

TITLE
Head of Business Development

Päivi Lonka

TITLE
Consultant
AGE
56
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Marimekko Oyj board of directors in years:

3.9
Average Tenure
48
Average Age
  • The tenure for the Marimekko Oyj board of directors is about average.
Board of Directors

Mika Ihamuotila

TITLE
Chairman of The Board
AGE
54
TENURE
3.9 yrs

Elina Björklund

TITLE
Vice Chairman
COMPENSATION
€20K
AGE
48

Arthur Engel

TITLE
Director
COMPENSATION
€20K
AGE
51
TENURE
7.9 yrs

Catharina Von Stackelberg-Hammarén

TITLE
Director
COMPENSATION
€14K
AGE
48
TENURE
4.9 yrs

Mikko-Heikki Inkeroinen

TITLE
Director
AGE
31
TENURE
3.9 yrs

Rebekka Bay

TITLE
Director
AGE
49
TENURE
2.2 yrs

Helle Priess

TITLE
Director
AGE
42
TENURE
2.2 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 Marimekko 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. Marimekko 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.

News

Simply Wall St News

Is Marimekko Oyj (HEL:MMO1V) Potentially Undervalued?

led the HLSE gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Marimekko Oyj (HEL:MMO1V): Should The Future Outlook Worry You?

In December 2018, Marimekko Oyj (HEL:MMO1V) announced its most recent earnings update, whicha … suggested … business

Simply Wall St -

Why We Think Marimekko Oyj (HEL:MMO1V) Could Be Worth Looking At

Help shape the future of investing tools and receive a $20 prize! … Marimekko Oyj (HEL:MMO1V) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Marimekko Oyj (HEL:MMO1V) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Do You Like Marimekko Oyj (HEL:MMO1V) At This P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Marimekko Oyj has a P/E ratio of 12.26, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Something To Consider Before Buying Marimekko Oyj (HEL:MMO1V) For The 2.4% Dividend

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Marimekko Oyj tick all the boxes of a great dividend stock? … 5 questions I ask before picking a dividend stock

Simply Wall St -

Is Marimekko Oyj (HEL:MMO1V) Worth €21.60 Based On Intrinsic Value?

In this article I am going to calculate the intrinsic value of Marimekko Oyj (HEL:MMO1V). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Type Of Shareholder Owns Marimekko Oyj's (HEL:MMO1V)?

Every investor in Marimekko Oyj (HEL:MMO1V) should be aware of the most powerful shareholder groups. … 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 MMO1V

Simply Wall St -

Is Marimekko Oyj (HEL:MMO1V) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.37 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Marimekko Oyj's (HEL:MMO1V) Return On Capital?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Marimekko Oyj is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Company Info

Description

Marimekko Oyj, a clothing and textile company, designs, manufactures, and markets clothing products, interior decoration products, and bags in Northern Europe, North America, the Asia Pacific, and internationally. It offers clothes; living and decorating products; fabrics; kitchen and dining products, and bed and bath products; and shoes, scarves, socks and tights, and umbrellas, as well as accessories for women, men, and kids. The company sells its products through a network approximately 150 Marimekko branded stores, including own retail stores, retailer-owned Marimekko stores, shop-in-shops, and department stores. Marimekko Oyj was founded in 1951 and is headquartered in Helsinki, Finland.

Details
Name: Marimekko Oyj
MMO1V
Exchange: HLSE
Founded: 1951
€212,230,743
8,069,610
Website: http://www.marimekko.com
Address: Marimekko Oyj
Puusepänkatu 4,
Helsinki,
Uusimaa, 00880,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE MMO1V Common Shares OMX Nordic Exchange Helsinki FI EUR 19. Mar 1999
OTCPK MKKO.F Common Shares Pink Sheets LLC US USD 19. Mar 1999
LSE 0JX9 Common Shares London Stock Exchange GB EUR 19. Mar 1999
BATS-CHIXE MMO1VH Common Shares BATS 'Chi-X Europe' GB EUR 19. Mar 1999
Number of employees
Current staff
Staff numbers
445
Marimekko Oyj employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 20:48
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
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.