HLSE:MMO1V

Stock Analysis Report

Executive Summary

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.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential and pays a dividend.

Share Price & News

How has Marimekko Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MMO1V has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.8%

MMO1V

-2.1%

FI Luxury

-1.5%

FI Market


1 Year Return

35.6%

MMO1V

23.2%

FI Luxury

10.2%

FI Market

Return vs Industry: MMO1V exceeded the Finnish Luxury industry which returned 25.9% over the past year.

Return vs Market: MMO1V exceeded the Finnish Market which returned 10.2% over the past year.


Shareholder returns

MMO1VIndustryMarket
7 Day-5.8%-2.1%-1.5%
30 Day-5.8%-4.1%1.2%
90 Day3.6%2.0%9.0%
1 Year44.2%35.6%26.3%23.2%15.2%10.2%
3 Year331.4%277.0%75.6%64.3%33.2%17.2%
5 Year347.3%262.5%110.2%88.2%44.9%17.6%

Price Volatility Vs. Market

How volatile is Marimekko Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

26.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MMO1V (€37.7) is trading below our estimate of fair value (€51.09)

Significantly Below Fair Value: MMO1V is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MMO1V is poor value based on its PE Ratio (23.5x) compared to the Luxury industry average (18.6x).

PE vs Market: MMO1V is poor value based on its PE Ratio (23.5x) compared to the Finnish market (21.7x).


Price to Earnings Growth Ratio

PEG Ratio: MMO1V is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: MMO1V is overvalued based on its PB Ratio (7.9x) compared to the XE Luxury industry average (1.1x).


Next Steps

Future Growth

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

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMO1V's forecast earnings growth (10.1% per year) is above the savings rate (-0.1%).

Earnings vs Market: MMO1V's earnings (10.1% per year) are forecast to grow faster than the Finnish market (9.9% per year).

High Growth Earnings: MMO1V's earnings are forecast to grow, but not significantly.

Revenue vs Market: MMO1V's revenue (6.1% per year) is forecast to grow faster than the Finnish market (-0.08% per year).

High Growth Revenue: MMO1V's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MMO1V's Return on Equity is forecast to be high in 3 years time (32.3%)


Next Steps

Past Performance

How has Marimekko Oyj performed over the past 5 years?

38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMO1V has high quality earnings.

Growing Profit Margin: MMO1V's current net profit margins (10.4%) are lower than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: MMO1V's earnings have grown significantly by 38.2% per year over the past 5 years.

Accelerating Growth: MMO1V's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMO1V had negative earnings growth (-5%) over the past year, making it difficult to compare to the Luxury industry average (-5%).


Return on Equity

High ROE: MMO1V's Return on Equity (33.4%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Marimekko Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: MMO1V's short term assets (€55.3M) exceed its short term liabilities (€30.4M).

Long Term Liabilities: MMO1V's short term assets (€55.3M) exceed its long term liabilities (€27.6M).


Debt to Equity History and Analysis

Debt Level: MMO1V's debt to equity ratio (0.6%) is considered satisfactory.

Reducing Debt: MMO1V's debt to equity ratio has reduced from 12.8% to 0.6% over the past 5 years.

Debt Coverage: MMO1V's debt is well covered by operating cash flow (11550.6%).

Interest Coverage: MMO1V's interest payments on its debt are well covered by EBIT (17.1x coverage).


Balance Sheet

Inventory Level: MMO1V has a high level of physical assets or inventory.

Debt Coverage by Assets: MMO1V's debt is covered by short term assets (assets are 220.4x debt).


Next Steps

Dividend

What is Marimekko Oyj's current dividend yield, its reliability and sustainability?

2.39%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company2.4%marketbottom25%2.1%markettop25%4.5%industryaverage1.6%forecastin3Years3.5%

Current dividend yield vs market & industry

Notable Dividend: MMO1V's dividend (2.39%) is higher than the bottom 25% of dividend payers in the Finnish market (2.12%).

High Dividend: MMO1V's dividend (2.39%) is low compared to the top 25% of dividend payers in the Finnish market (4.51%).


Stability and Growth of Payments

Stable Dividend: MMO1V's dividend payments have been volatile in the past 10 years.

Growing Dividend: MMO1V's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56%), MMO1V's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MMO1V's dividends in 3 years are forecast to be covered by earnings (66.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Tiina Alahuhta-Kasko (38yo)

0

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 s ...


Leadership Team

NamePositionTenureCompensationOwnership
Tiina Alahuhta-Kasko
CEO & President0yrsno data0.086% 262.6k
Elina Anckar
Chief Financial Officer4.2yrsno data0.0079% 24.1k
Morten Israelsen
Chief Sales Officer1.3yrsno datano data
Tanya Strohmayer
Human Resources Director3yrsno data0.0077% 23.5k
Tina Broman
Chief Supply Chain & Product Officer2.3yrsno data0.0020% 6.0k
Kari Härkönen
Chief Digital Officer2.2yrsno data0.0043% 13.2k
Riika Wikberg
Head of Business Development0yrsno data0.00086% 2.6k
Päivi Lonka
Consultant1.3yrsno datano data

2.3yrs

Average Tenure

47.5yo

Average Age

Experienced Management: MMO1V's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mika Ihamuotila
Chairman of The Board4.8yrsno data12.55% 38.4m
Arthur Engel
Director8.8yrs€20.00k0.16% 490.3k
Catharina Von Stackelberg-Hammarén
Director5.8yrs€14.00k0.052% 158.3k
Elina Björklund
Vice Chairman0yrs€20.00k0.14% 423.3k
Rebekka Bay
Director3.1yrsno data0.018% 54.5k
Mikko-Heikki Inkeroinen
Director4.8yrsno data0.048% 148.2k
Helle Priess
Director3.1yrsno data0.018% 54.5k

4.8yrs

Average Tenure

49yo

Average Age

Experienced Board: MMO1V's board of directors are considered experienced (4.8 years average tenure).


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

Marimekko Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marimekko Oyj
  • Ticker: MMO1V
  • Exchange: HLSE
  • Founded: 1951
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €305.741m
  • Shares outstanding: 8.11m
  • Website: https://www.marimekko.com

Number of Employees


Location

  • Marimekko Oyj
  • Puusepänkatu 4
  • Helsinki
  • Uusimaa
  • 880
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMO1VHLSE (OMX Nordic Exchange Helsinki)YesCommon SharesFIEURMar 1999
0JX9LSE (London Stock Exchange)YesCommon SharesGBEURMar 1999
MKKO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1999
MMO1VHBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURMar 1999

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 20:49
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.