Rapala VMC
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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 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Rapala VMC.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Rapala VMC's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Rapala VMC's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Rapala VMC Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Rapala VMC's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Rapala VMC Company Filings, last reported 4 months ago.
| 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).
Financial health checks
We assess Rapala VMC's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Rapala VMC has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Rapala VMC
shares you are expected to receive
€40
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Rapala VMC's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Rapala VMC management team is about average.
Management Team
Jussi Ristimäki
CEO & President
44
2.7 yrs
Jan-Elof Cavander
Chief Financial Officer
32
1.9 yrs
Lars Ollberg
Chief Operating Officer
62
1.8 yrs
Olli Aho
Executive VP of Investor Relations
59
3.5 yrs
Stanislas de Castelnau
Head of Manufacturing Operations & Global Supply Chain Development and Hook & Carp Business Unit
55
3.7 yrs
Tom Mackin
Head of Distribution & Brands - North America
57
2.7 yrs
Victor Skvortsov
Head of Distribution in Russia
56
8.8 yrs
Cyrille Viellard
Executive Vice President of Market Intelligence & Business Development
41
2.7 yrs
Board of Directors Tenure
Average tenure and age of the Rapala VMC board of directors in years:
- 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
Chairman
59
0.7 yrs
Emmanuel Viellard
Director
€60K
55
14.3 yrs
Jorma Kasslin
Director
€500K
65
21.3 yrs
Eero Makkonen
Director
72
21.3 yrs
Marc Speeckaert
Director
67
13.5 yrs
Julia Aubertin
Director
39
5.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Rapala VMC's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhat 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 - – Full articleA 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 - – Full articleOnly 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 - – Full articleThe 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 - – Full articleBrief 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 - – Full articleIs 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 - – Full articleExamining 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 - – Full articleShould 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 - – Full articleWhat 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 - – Full articleRAP1V 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
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.
