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Rapala VMC

HLSE:RAP1V
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAP1V
HLSE
€114M
Market Cap
  1. Home
  2. FI
  3. Consumer Durables
Company description

Rapala VMC Corporation, together with its subsidiaries, engages in manufacturing, sourcing, and distributing fishing tackle products in North America, Nordic countries, rest of Europe, and internationally. The last earnings update was 77 days ago. More info.


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RAP1V Share Price and Events
7 Day Returns
-1%
HLSE:RAP1V
-0.3%
Europe Leisure
3.1%
FI Market
1 Year Returns
-12.9%
HLSE:RAP1V
11.5%
Europe Leisure
-5.9%
FI Market
RAP1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rapala VMC (RAP1V) -1% -4.2% -2.6% -12.9% -30.1% -43.3%
Europe Leisure -0.3% 0.6% 7.3% 11.5% 66.9% 91%
FI Market 3.1% -3.4% -0.6% -5.9% 22.3% 27.8%
1 Year Return vs Industry and Market
  • RAP1V underperformed the Leisure industry which returned 11.5% over the past year.
  • RAP1V underperformed the Market in Finland which returned -5.9% over the past year.
Price Volatility
RAP1V
Industry
5yr Volatility vs Market
Related Companies

RAP1V Value

 Is Rapala VMC 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 Rapala VMC 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 Rapala VMC.

HLSE:RAP1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
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:RAP1V
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))
= 0.907 (1 + (1- 20%) (73.98%))
1.297
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.297 * 6.51%)
8.99%

Discounted Cash Flow Calculation for HLSE:RAP1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rapala VMC 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:RAP1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.99%)
2019 25.70 Analyst x1 23.58
2020 18.70 Analyst x1 15.74
2021 17.40 Analyst x1 13.44
2022 16.40 Analyst x1 11.62
2023 13.30 Analyst x1 8.65
2024 12.35 Est @ -7.16% 7.37
2025 11.75 Est @ -4.85% 6.43
2026 11.37 Est @ -3.23% 5.71
2027 11.13 Est @ -2.1% 5.13
2028 10.98 Est @ -1.31% 4.65
Present value of next 10 years cash flows €102.33
HLSE:RAP1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €10.98 × (1 + 0.54%) ÷ (8.99% – 0.54%)
€130.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €130.74 ÷ (1 + 8.99%)10
€55.30
HLSE:RAP1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €102.33 + €55.30
€157.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €157.62 / 38.32
€4.11
HLSE:RAP1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.11
Current discount Discount to share price of €2.97
= -1 x (€2.97 - €4.11) / €4.11
27.8%

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

Current Discount
Amount off the current price Rapala VMC is available for.
Intrinsic value
28%
Share price is €2.97 vs Future cash flow value of €4.11
Current Discount Checks
For Rapala VMC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rapala VMC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rapala VMC'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 Rapala VMC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rapala VMC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:RAP1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.13
HLSE:RAP1V Share Price ** HLSE (2019-05-23) in EUR €2.97
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 18.56x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.55x

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

** Primary Listing of Rapala VMC.

HLSE:RAP1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:RAP1V Share Price ÷ EPS (both in EUR)

= 2.97 ÷ 0.13

22.76x

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

  • Rapala VMC is overvalued based on earnings compared to the Europe Leisure industry average.
  • Rapala VMC is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Rapala VMC's expected growth come at a high price?
Raw Data
HLSE:RAP1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
23.1%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.46x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.72x

*Line of best fit is calculated by linear regression .

HLSE:RAP1V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.76x ÷ 23.1%

0.99x

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

  • Rapala VMC is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rapala VMC's assets?
Raw Data
HLSE:RAP1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.71
HLSE:RAP1V Share Price * HLSE (2019-05-23) in EUR €2.97
Europe Leisure Industry PB Ratio Median Figure of 28 Publicly-Listed Leisure Companies 2.48x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.9x
HLSE:RAP1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:RAP1V Share Price ÷ Book Value per Share (both in EUR)

= 2.97 ÷ 3.71

0.8x

* Primary Listing of Rapala VMC.

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

  • Rapala VMC is good value based on assets compared to the Europe Leisure industry average.
X
Value checks
We assess Rapala VMC'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. Rapala VMC 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.

RAP1V Future Performance

 How is Rapala VMC expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
23.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rapala VMC expected to grow at an attractive rate?
  • Rapala VMC's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Rapala VMC's earnings growth is expected to exceed the Finland market average.
  • Rapala VMC's revenue growth is positive but not above the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:RAP1V Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:RAP1V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 23.1%
HLSE:RAP1V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.8%
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:RAP1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:RAP1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 21
2022-12-31 274 24 15 1
2021-12-31 268 25 16 1
2020-12-31 263 26 13 1
2019-12-31 265 28 9 1
HLSE:RAP1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 263 7 5
2018-09-30 259 12 5
2018-06-30 255 17 5
2018-03-31 254 18 3
2017-12-31 254 19 2
2017-09-30 256 24 -1
2017-06-30 259 29 -5
2017-03-31 260 28 -4
2016-12-31 261 27 -3
2016-09-30 262 16 2
2016-06-30 268 11 7
2016-03-31 276 26 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rapala VMC's earnings are expected to grow significantly at over 20% yearly.
  • Rapala VMC's revenue is expected to grow by 1% 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:RAP1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Rapala VMC Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:RAP1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.39 0.39 0.39 1.00
2021-12-31 0.43 0.43 0.43 1.00
2020-12-31 0.35 0.35 0.35 1.00
2019-12-31 0.24 0.24 0.24 1.00
HLSE:RAP1V Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.12
2018-03-31 0.08
2017-12-31 0.05
2017-09-30 -0.04
2017-06-30 -0.12
2017-03-31 -0.10
2016-12-31 -0.08
2016-09-30 0.06
2016-06-30 0.18
2016-03-31 0.17

*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.
  • Rapala VMC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rapala VMC'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.
Rapala VMC has a total score of 3/6, 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.

RAP1V Past Performance

  How has Rapala VMC 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 Rapala VMC'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.
  • Rapala VMC's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Rapala VMC's 1-year earnings growth exceeds its 5-year average (177.8% vs -35.3%)
  • Rapala VMC's earnings growth has exceeded the Europe Leisure industry average in the past year (177.8% vs 24.3%).
Earnings and Revenue History
Rapala VMC'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 Rapala VMC Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:RAP1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 262.70 5.00 75.70
2018-09-30 258.95 4.80 74.80
2018-06-30 255.20 4.60 73.90
2018-03-31 254.40 3.20 73.95
2017-12-31 253.60 1.80 74.00
2017-09-30 256.10 -1.40 74.20
2017-06-30 258.60 -4.60 74.40
2017-03-31 259.70 -3.80 74.35
2016-12-31 260.80 -3.00 74.30
2016-09-30 262.05 2.35 80.20
2016-06-30 267.80 7.00 76.30
2016-03-31 276.35 6.55 76.65
2015-12-31 278.70 6.70 76.50
2015-09-30 280.50 6.30 75.10
2015-06-30 283.70 8.90 75.00
2015-03-31 281.30 8.80 74.20
2014-12-31 273.60 9.20 73.70
2014-09-30 275.40 12.50 72.70
2014-06-30 274.20 8.10 72.70
2014-03-31 277.90 11.10 72.30
2013-12-31 287.00 12.50 71.60
2013-09-30 291.70 7.40 72.10
2013-06-30 290.80 9.80 71.70
2013-03-31 293.00 9.60 70.90
2012-12-31 291.20 10.10 70.40
2012-09-30 284.10 13.10 69.70
2012-06-30 281.50 12.60 69.10

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

RAP1V Health

 How is Rapala VMC'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 Rapala VMC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rapala VMC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rapala VMC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rapala VMC'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 2x 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 Rapala VMC Company Filings, last reported 4 months ago.

HLSE:RAP1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 147.10 84.20 14.20
2018-09-30 147.10 84.20 14.20
2018-06-30 150.80 78.40 12.30
2018-03-31 150.80 78.40 12.30
2017-12-31 142.60 78.10 10.50
2017-09-30 142.60 78.10 10.50
2017-06-30 152.20 96.20 24.00
2017-03-31 152.20 96.20 24.00
2016-12-31 136.10 130.80 34.60
2016-09-30 136.10 130.80 34.60
2016-06-30 139.70 128.10 10.40
2016-03-31 139.70 128.10 10.40
2015-12-31 140.00 123.40 13.10
2015-09-30 138.80 120.70 11.40
2015-06-30 143.30 130.30 15.40
2015-03-31 149.80 130.10 10.30
2014-12-31 136.50 116.20 15.70
2014-09-30 139.00 118.00 12.80
2014-06-30 131.70 116.70 15.60
2014-03-31 138.80 121.20 11.00
2013-12-31 135.10 117.20 17.70
2013-09-30 137.60 122.00 24.40
2013-06-30 140.50 129.60 28.10
2013-03-31 146.10 137.00 30.80
2012-12-31 137.70 134.20 38.50
2012-09-30 142.20 136.30 32.00
2012-06-30 141.50 154.70 45.00
  • Rapala VMC's level of debt (57.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (86.8% vs 57.2% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18x coverage).
X
Financial health checks
We assess Rapala VMC'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. Rapala VMC has a total score of 4/6, 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.

RAP1V Dividends

 What is Rapala VMC'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
2.02%
Current annual income from Rapala VMC dividends. Estimated to be 5.72% next year.
If you bought €2,000 of Rapala VMC shares you are expected to receive €40 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?
  • Rapala VMC's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.29%).
  • Rapala VMC's dividend is below the markets top 25% of dividend payers in Finland (5.28%).
Upcoming dividend payment

Purchase Rapala VMC 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:RAP1V 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 1 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:RAP1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.26 1.00
2020-12-31 0.15 1.00
2019-12-31 0.10 1.00
HLSE:RAP1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-07 0.060 1.982
2019-02-15 0.060 1.954
2018-03-29 0.040 1.176
2017-03-08 0.100 2.610
2017-02-16 0.100 2.243
2016-03-09 0.150 3.463
2016-02-09 0.150 3.552
2015-03-27 0.200 4.018
2014-04-11 0.240 4.650
2013-03-15 0.230 4.570
2012-03-16 0.230 4.568
2012-02-08 0.230 3.784
2011-03-14 0.230 3.874
2010-04-14 0.190 3.154

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

  • Rapala VMC has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Rapala VMC has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Rapala VMC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Rapala VMC'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 Rapala VMC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rapala VMC has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RAP1V Management

 What is the CEO of Rapala VMC'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
Jussi Ristimäki
AGE 44
TENURE AS CEO 2.7 years
CEO Bio

Mr. Jussi Ristimäki, M.Sc.(Econ) has been the Chief Executive Officer and President of Rapala VMC Corp. since September 1, 2016. Mr. Ristimäki served as the Chief Financial Officer of Rapala VMC Corp. from November 1, 2010 to September 1, 2016 and as its Deputy Chief Executive Officer from September 24, 2015 to September 1, 2016. Mr. Ristimäki served as Head - Group Tax and Risk Management of Rapala VMC Corp. He joined Rapala in 2007 as Group Tax and Risk Manager. Prior to Rapala, he worked as Vice President of Taxation at Outokumpu Oyj.

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

Average tenure and age of the Rapala VMC management team in years:

2.7
Average Tenure
55.5
Average Age
  • The tenure for the Rapala VMC management team is about average.
Management Team

Jussi Ristimäki

TITLE
CEO & President
AGE
44
TENURE
2.7 yrs

Jan-Elof Cavander

TITLE
Chief Financial Officer
AGE
32
TENURE
1.9 yrs

Lars Ollberg

TITLE
Chief Operating Officer
AGE
62
TENURE
1.8 yrs

Olli Aho

TITLE
Executive VP of Investor Relations
AGE
59
TENURE
3.5 yrs

Stanislas de Castelnau

TITLE
Head of Manufacturing Operations & Global Supply Chain Development and Hook & Carp Business Unit
AGE
55
TENURE
3.7 yrs

Tom Mackin

TITLE
Head of Distribution & Brands - North America
AGE
57
TENURE
2.7 yrs

Victor Skvortsov

TITLE
Head of Distribution in Russia
AGE
56
TENURE
8.8 yrs

Cyrille Viellard

TITLE
Executive Vice President of Market Intelligence & Business Development
AGE
41
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Rapala VMC board of directors in years:

13.9
Average Tenure
62
Average Age
  • The average tenure for the Rapala VMC board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Louis D’Alançon

TITLE
Chairman
AGE
59
TENURE
0.7 yrs

Emmanuel Viellard

TITLE
Director
COMPENSATION
€60K
AGE
55
TENURE
14.3 yrs

Jorma Kasslin

TITLE
Director
COMPENSATION
€500K
AGE
65
TENURE
21.3 yrs

Eero Makkonen

TITLE
Director
AGE
72
TENURE
21.3 yrs

Marc Speeckaert

TITLE
Director
AGE
67
TENURE
13.5 yrs

Julia Aubertin

TITLE
Director
AGE
39
TENURE
5.1 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 Rapala VMC'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. Rapala VMC 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.

RAP1V News

Simply Wall St News

How Do Analysts See Rapala VMC Corporation (HEL:RAP1V) Performing Over The Next Few Years?

Rapala VMC Corporation's (HEL:RAP1V) released its most recent earnings update in December 2018, which suggested that the business experienced a major tailwind, more than doubling its earnings from the prior year. … Investors may find it useful to understand how market analysts view Rapala VMC's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … HLSE:RAP1V Past and Future Earnings, May 22nd 2019 While it is useful to understand the growth rate each year relative to today’s figure, it may be more valuable to estimate the rate at which the earnings are rising or falling every year, on average.

Simply Wall St -

What Does Rapala VMC Corporation's (HEL:RAP1V) P/E Ratio Tell You?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Rapala VMC has a price to earnings ratio of 23.45, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

A Look At The Intrinsic Value Of Rapala VMC Corporation (HEL:RAP1V)

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. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Only 2 Days Left To Cash In On Rapala VMC Corporation (HEL:RAP1V) Dividend

To qualify for the dividend check of €0.03 per share, investors must have owned the shares prior to 29 March 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

The Rapala VMC (HEL:RAP1V) Share Price Is Down 43% So Some Shareholders Are Getting Worried

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the five years over which the share price declined, Rapala VMC's earnings per share (EPS) dropped by 17% each year. … The share price decline of 11% per year isn't as bad as the EPS decline.

Simply Wall St -

Brief Commentary On Rapala VMC Corporation's (HEL:RAP1V) Fundamentals

Help shape the future of investing tools and receive a $20 prize! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Rapala VMC Corporation (HEL:RAP1V) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is Rapala VMC Corporation (HEL:RAP1V) An Attractive Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Rapala VMC Corporation (HEL:RAP1V) has been paying a dividend to shareholders. … Let's dig deeper into whether Rapala VMC should have a place in your portfolio.

Simply Wall St -

Examining Rapala VMC Corporation’s (HEL:RAP1V) Weak Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Should Rapala VMC Corporation (HEL:RAP1V) Focus On Improving This Fundamental Metric?

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. … Our data shows Rapala VMC has a return on equity of 4.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Investors Should Know About Rapala VMC Corporation's (HEL:RAP1V) Financial Strength

Investors are always looking for growth in small-cap stocks like Rapala VMC Corporation (HEL:RAP1V), with a market cap of €126m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

RAP1V Company Info

Description

Rapala VMC Corporation, together with its subsidiaries, engages in manufacturing, sourcing, and distributing fishing tackle products in North America, Nordic countries, rest of Europe, and internationally. The company operates in two segments, Group Products and Third Party Products. It offers products used in lures for hard baits, and also for fishing accessories, clothing, luggage, and eyewear; metal lures specifically designed for salmon and trout fishing, and trolling in fresh and salt wats; braided and monofilament lines, and specialized leader lines; hooks used for sport fishing and commercial hooks, and terminal tackles; hard baits, hybrids and rigged, and unrigged soft baits; specialized trolling lures and metal jigs for saltwater big game fishing; baits for carp, match, and coarse fishing; and knives for filleting, outdoor, hunting, and kitchen use, as well as ice augers and auger blades, and cross country skis. The company’s brand portfolio includes Rapala and other international brands, such as VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Carp Spirit, Marttiini, and Peltonen. The company was founded in 1936 and is headquartered in Helsinki, Finland.

Details
Name: Rapala VMC Corporation
RAP1V
Exchange: HLSE
Founded: 1936
€113,818,692
38,322,792
Website: http://www.rapalavmc.com
Address: Rapala VMC Corporation
Mäkelänkatu 91,
Helsinki,
Uusimaa, 00610,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE RAP1V Class A Shares OMX Nordic Exchange Helsinki FI EUR 04. Dec 1998
OTCPK RPNM.F Class A Shares Pink Sheets LLC US USD 04. Dec 1998
LSE 0MEF Class A Shares London Stock Exchange GB EUR 04. Dec 1998
BATS-CHIXE RAP1VH Class A Shares BATS 'Chi-X Europe' GB EUR 04. Dec 1998
Number of employees
Current staff
Staff numbers
2,651
Rapala VMC employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 20:38
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/07
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.