Kesko Oyj
- Home ›
- FI ›
- Consumer Retailing
Kesko Oyj provides trading sector services. The last earnings update was 87 days ago. More info.
Add to Portfolio Compare Print
KESKOB Share Price and Events
7 Day Returns
1 Year Returns
KESKOB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kesko Oyj (KESKOB) | 5.1% | 7.8% | 9.6% | 11.1% | 44.5% | 87.7% |
| Europe Consumer Retailing | 3.1% | 7.3% | 5.3% | -5.9% | -1.8% | -11.6% |
| FI Market | 2.4% | 4.9% | 1.4% | -3.1% | 17% | 32.4% |
1 Year Return vs Industry and Market
- KESKOB outperformed the Consumer Retailing industry which returned -5.9% over the past year.
- KESKOB outperformed the Market in Finland which returned -3.1% over the past year.
Value
Is Kesko 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
Kesko 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kesko Oyj.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| 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 | 9.5% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.51 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.509 (1 + (1- 20%) (11%)) |
0.554 |
| 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 * 9.46%) |
8.11% |
Discounted Cash Flow Calculation for HLSE:KESKOB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kesko Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (EUR, Millions) | 225.78 | 249.54 | 223.00 | 262.00 | 262.00 |
| Source | Analyst x5 | Analyst x5 | Analyst x1 | Analyst x1 | Analyst x1 |
|
Present Value Discounted (@ 8.11%) |
208.85 | 213.51 | 176.49 | 191.81 | 177.42 |
| Present value of next 5 years cash flows | €968.09 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= €262.00 × (1 + 0.54%) ÷ (8.11% – 0.54%) |
€3,480.64 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= €3,480.64 ÷ (1 + 8.11%)5 |
€2,357.06 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= €968.09 + €2,357.06 |
€3,325.14 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €3,325.14 / 99.02 |
€33.58 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €33.58 |
| Current discount | Discount to share price of
€51.66
= -1 x (€51.66 - €33.58) / €33.58 |
-53.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Kesko Oyj is above its future cash flow value.
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 Kesko Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kesko Oyj'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 (2018-09-30) in EUR | €2.05 |
| HLSE:KESKOB Share Price ** | HLSE (2019-01-18) in EUR | €51.66 |
| Europe Consumer Retailing Industry PE Ratio | Median Figure of 34 Publicly-Listed Consumer Retailing Companies | 18.81x |
| Finland Market PE Ratio | Median Figure of 108 Publicly-Listed Companies | 16.84x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kesko Oyj.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = HLSE:KESKOB Share Price ÷ EPS (both in EUR) = 51.66 ÷ 2.05 |
25.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kesko Oyj is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
- Kesko Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does
Kesko Oyj's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
14.6%per year |
| Europe Consumer Retailing Industry PEG Ratio | Median Figure of 26 Publicly-Listed Consumer Retailing Companies | 1.32x |
| Finland Market PEG Ratio | Median Figure of 90 Publicly-Listed Companies | 1.12x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 25.17x ÷ 14.6% |
1.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kesko Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Kesko Oyj's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in EUR | €20.77 |
| HLSE:KESKOB Share Price * | HLSE (2019-01-18) in EUR | €51.66 |
| Europe Consumer Retailing Industry PB Ratio | Median Figure of 42 Publicly-Listed Consumer Retailing Companies | 1.49x |
| Finland Market PB Ratio | Median Figure of 140 Publicly-Listed Companies | 1.99x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = HLSE:KESKOB Share Price ÷ Book Value per Share (both in EUR) = 51.66 ÷ 20.77 |
2.49x |
* Primary Listing of Kesko Oyj.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kesko Oyj is overvalued based on assets compared to the Europe Consumer Retailing industry average.
Value checks
We assess Kesko Oyj'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check) Kesko Oyj has a total score of 0/6, 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 Kesko Oyj expected to perform in the next 1 to 3 years based on estimates from 6 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!
Earnings growth vs Low Risk Savings
- Kesko Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Kesko Oyj's earnings growth is positive but not above the Finland market average.
- Kesko Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| HLSE:KESKOB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 14.6% |
| HLSE:KESKOB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 1.9% |
| Europe Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 11.6% |
| Europe Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| Finland Market Earnings Growth Rate | Market Cap Weighted Average | 17.3% |
| Finland Market Revenue Growth Rate | Market Cap Weighted Average | 1.8% |
*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 (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 482 | |||
| 2022-12-31 | 482 | |||
| 2021-12-31 | 473 | |||
| 2020-12-31 | 10,801 | 455 | 281 | 6 |
| 2019-12-31 | 10,592 | 421 | 266 | 6 |
| 2018-12-31 | 10,361 | 461 | 212 | 6 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 10,487 | 402 | 204 |
| 2018-06-30 | 10,441 | 394 | 191 |
| 2018-03-31 | 10,531 | 432 | 268 |
| 2017-12-31 | 10,676 | 302 | 258 |
| 2017-09-30 | 10,682 | 294 | 177 |
| 2017-06-30 | 10,877 | 272 | 173 |
| 2017-03-31 | 10,725 | 209 | 93 |
| 2016-12-31 | 10,180 | 170 | 99 |
| 2016-09-30 | 9,581 | 185 | 160 |
| 2016-06-30 | 8,993 | 190 | 141 |
| 2016-03-31 | 8,610 | 255 | 239 |
| 2015-12-31 | 8,679 | 276 | 102 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Kesko Oyj Company Filings, last reported 3 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 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 2.82 | 3.00 | 2.64 | 6.00 |
| 2019-12-31 | 2.67 | 2.84 | 2.55 | 6.00 |
| 2018-12-31 | 2.25 | 2.45 | 1.77 | 5.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-09-30 | 2.05 |
| 2018-06-30 | 1.92 |
| 2018-03-31 | 2.69 |
| 2017-12-31 | 2.59 |
| 2017-09-30 | 1.77 |
| 2017-06-30 | 1.74 |
| 2017-03-31 | 0.93 |
| 2016-12-31 | 0.99 |
| 2016-09-30 | 1.61 |
| 2016-06-30 | 1.40 |
| 2016-03-31 | 2.41 |
| 2015-12-31 | 1.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kesko Oyj'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)
Kesko 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 Kesko 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
Past Earnings growth analysis
- Kesko Oyj's year on year earnings growth rate has been positive over the past 5 years.
- Kesko Oyj's 1-year earnings growth exceeds its 5-year average (15.4% vs 12.8%)
- Kesko Oyj's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (15.4% vs 10.2%).
Earnings and Revenue History
All data from Kesko Oyj Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2018-09-30 | 10,486.90 | 203.80 | 1,382.60 | |
| 2018-06-30 | 10,440.90 | 190.80 | 1,385.60 | |
| 2018-03-31 | 10,530.90 | 267.80 | 1,405.60 | |
| 2017-12-31 | 10,675.90 | 257.80 | 1,432.60 | |
| 2017-09-30 | 10,682.40 | 176.60 | 1,449.10 | |
| 2017-06-30 | 10,877.40 | 172.60 | 1,473.10 | |
| 2017-03-31 | 10,725.40 | 92.60 | 1,459.10 | |
| 2016-12-31 | 10,180.40 | 98.60 | 1,400.10 | |
| 2016-09-30 | 9,580.90 | 159.60 | 1,353.60 | |
| 2016-06-30 | 8,992.90 | 140.60 | 1,286.60 | |
| 2016-03-31 | 8,609.90 | 238.60 | 1,244.60 | |
| 2015-12-31 | 8,678.90 | 101.60 | 1,252.60 | |
| 2015-09-30 | 8,779.60 | 97.00 | 1,328.30 | |
| 2015-06-30 | 8,881.60 | 94.00 | 1,342.30 | |
| 2015-03-31 | 9,023.60 | -3.00 | 1,362.30 | |
| 2014-12-31 | 9,070.60 | 96.00 | 1,374.30 | |
| 2014-09-30 | 9,166.20 | 138.10 | 1,358.50 | |
| 2014-06-30 | 9,234.20 | 151.10 | 1,358.50 | |
| 2014-03-31 | 9,285.20 | 151.10 | 1,357.50 | |
| 2013-12-31 | 9,315.20 | 173.10 | 1,354.50 | |
| 2013-09-30 | 9,411.90 | 137.40 | 1,406.30 | |
| 2013-06-30 | 9,487.90 | 133.40 | 1,409.30 | |
| 2013-03-31 | 9,526.90 | 119.40 | 1,410.30 | |
| 2012-12-31 | 9,685.90 | 124.40 | 1,409.30 | |
| 2012-09-30 | 9,708.40 | 151.50 | 1,401.70 | |
| 2012-06-30 | 9,663.40 | 154.50 | 1,390.70 | |
| 2012-03-31 | 9,675.40 | 172.50 | 1,377.70 |
*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.
- Kesko Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Kesko Oyj used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
- Kesko Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kesko Oyj'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 Consumer Retailing 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)
Kesko Oyj has a total score of 4/6, 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 Kesko 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 Kesko Oyj's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kesko Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kesko Oyj'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 4.5x 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 Kesko Oyj Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 2,166.00 | 548.00 | 317.00 |
| 2018-06-30 | 2,070.00 | 592.00 | 444.00 |
| 2018-03-31 | 2,238.00 | 540.00 | 563.00 |
| 2017-12-31 | 2,232.10 | 533.90 | 397.90 |
| 2017-09-30 | 2,175.00 | 530.00 | 370.00 |
| 2017-06-30 | 2,100.00 | 561.00 | 366.00 |
| 2017-03-31 | 2,184.00 | 591.00 | 364.00 |
| 2016-12-31 | 2,126.40 | 514.70 | 391.40 |
| 2016-09-30 | 2,161.00 | 545.00 | 245.00 |
| 2016-06-30 | 2,102.00 | 656.00 | 327.00 |
| 2016-03-31 | 2,287.00 | 435.00 | 747.00 |
| 2015-12-31 | 2,242.00 | 439.10 | 887.10 |
| 2015-09-30 | 2,198.00 | 464.00 | 858.00 |
| 2015-06-30 | 2,179.00 | 483.00 | 842.00 |
| 2015-03-31 | 2,189.00 | 548.00 | 506.00 |
| 2014-12-31 | 2,265.50 | 498.90 | 598.00 |
| 2014-09-30 | 2,282.00 | 500.00 | 503.00 |
| 2014-06-30 | 2,241.00 | 538.00 | 461.00 |
| 2014-03-31 | 2,331.00 | 557.00 | 532.00 |
| 2013-12-31 | 2,352.50 | 554.40 | 680.90 |
| 2013-09-30 | 2,288.00 | 568.00 | 537.00 |
| 2013-06-30 | 2,223.00 | 587.00 | 474.00 |
| 2013-03-31 | 2,289.00 | 644.00 | 411.00 |
| 2012-12-31 | 2,272.10 | 624.40 | 489.10 |
| 2012-09-30 | 2,242.00 | 650.00 | 356.00 |
| 2012-06-30 | 2,182.00 | 573.00 | 253.00 |
| 2012-03-31 | 2,256.00 | 466.00 | 292.00 |
- Kesko Oyj's level of debt (25.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (24.8% vs 25.3% today).
- Debt is well covered by operating cash flow (73.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 77.4x coverage).
Financial health checks
We assess Kesko Oyj'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) Kesko Oyj has a total score of 5/6, 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.
Dividends
What is Kesko 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
If you bought
€2,000 of
Kesko Oyj
shares you are expected to receive
€85
in your first year as a dividend.
Dividend Amount
- Kesko Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.48%).
- Kesko Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.04%).
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 6 Analyst Estimates (S&P Global) | See Below |
| Europe Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 35 Stocks | 3.5% |
| Finland Market Average Dividend Yield | Market Cap Weighted Average of 97 Stocks | 4.1% |
| Finland Minimum Threshold Dividend Yield | 10th Percentile | 1.8% |
| Finland Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Finland Top 25% Dividend Yield | 75th Percentile | 5% |
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 | ||
| 2020-12-31 | 2.66 | 6.00 |
| 2019-12-31 | 2.53 | 6.00 |
| 2018-12-31 | 2.36 | 6.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-02-01 | 2.200 | 4.492 |
| 2017-02-02 | 2.000 | 4.494 |
| 2016-04-04 | 2.500 | 6.157 |
| 2015-04-13 | 1.500 | 4.476 |
| 2014-04-08 | 1.400 | 4.563 |
| 2013-02-14 | 1.200 | 4.816 |
| 2013-02-05 | 1.200 | 4.896 |
| 2012-02-02 | 1.200 | 5.323 |
| 2011-02-03 | 1.300 | 4.626 |
| 2010-02-05 | 0.900 | 2.946 |
| 2009-03-30 | 1.000 | 4.843 |
| 2009-01-20 | 1.600 | 9.330 |
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.
Income/ dividend checks
We assess Kesko Oyj's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Kesko Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kesko Oyj 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.
Management
CEO
| COMPENSATION | €1,316,760 |
| AGE | 58 |
| TENURE AS CEO | 4 years |
CEO Bio
Mr. Mikko Helander, M.Sc. (Eng.), has been the Chairman of Management Board, Chief Executive Officer, President and Managing Director at Kesko Oyj since January 1, 2015 and has been its Member of Group Management Board since October 1, 2014. Mr. Helander served as Deputy Managing Director of Kesko Oyj from October 1, 2014 to January 1, 2015 and its Executive Vice President from 2014 to January 1, 2015. Mr. Helander served as the Chief Executive Officer at Metsä Board Kemi Oy (2006–2014). Mr. Helander served as the Chief Executive Officer of Metsä Board Oyj at Metsäliitto Cooperative and Metsä Group from October 18, 2006 to December 2014 and served as its and Chairman of Management Board from 2006 to December 2014, Executive Officer since October 1, 2014 and Head of Other Papers business area since January 2009. His working experience further includes several positions in Valmet Oyj (1984–1990, 1993–2003) where Mr. Helander among others has acted as head of the operative management in Italy and as the Managing Director of the Valmet Converting business in UK. He served as Vice President for Calender Business Unit from 1997 to 1999, He served as Head of Project Department at Valmet Jarvenpää from 1993 to 1994. He served as Production Manager of Valmet Järvenpää at Valmet Paper Machinery Inc. from 1987 to 1990. He served as at Valmet Corporation as Head of Converting Machinery Division (UK). Mr. Helander served as the President of the Valmet Converting Group headquartered in the United Kingdom since 1999. He served as the Chief Executive Officer of M-Real Corporation since 2006. Mr. Helander served from 1984 to 1987 as a Project Engineer at Metso Corporation where he served in various managerial positions until 1990. From 1990 to 1993, he served as the Managing Director for Kasten Hövik. In 1993, he returned to Metso Corporation as the Head of Projects, Coaters and Calanders. From 1994 to 1997, he headed the Operations for Valmet Rotomec S.p.a. in Italy. In 1997 Mr. Helander became Metso Corporation’s Calander business area’s Vice President and Chief Executive. Mr. Helander served as the Chief Executive Officer Metsä Tissue Oyj from 2003 to 2006. He serves as a Member of Executive Board of M-real Oyj. He has been Chairman of the Board at Ilmarinen Mutual Pension Insurance Company since January 22, 2016. He serves as the Chairman of the Board of Directors at Kesko Food Ltd. He served as Vice Chairman of the Board at Finnish Forest Industries Federation from 2007 to 2012 He has been Board member of German Pulp and Paper Association (VDP) since 2008. He has been a Director of Ilmarinen Mutual Pension Insurance Company since January 1, 2015. He has been Board member of Myllykoski Paper Oy since 2013. He served as a Director of Metsä Fibre Oy. He served as Board member of Finnish Forest Industries Federation from 2007 to 2011. Mr. Helander holds a Master of Science degree in Engineering.
CEO Compensation
- Mikko's compensation has increased by more than 20% in the past year.
- Mikko's remuneration is about average for companies of similar size in Finland.
Management Team Tenure
Average tenure and age of the Kesko Oyj management team in years:
- The tenure for the Kesko Oyj management team is about average.
Management Team
Mikko Helander
Chairman of the Group Management Board
€1M
58
4 yrs
Jukka Erlund
CFO, Executive VP & Member of Group Management Board
44
7.2 yrs
Ari Akseli
President of Grocery Trade & Member of Group Management Board
46
1.2 yrs
Mika Majoinen
Executive VP
55
1 yrs
Matti Mettälä
Executive VP of HR
55
6.3 yrs
Jorma Rauhala
Dep. to President & CEO
53
5.9 yrs
Anna-Maria Ronkainen
Chief Digital Officer
52
3.8 yrs
Johan Friman
Executive VP of Car Trade & Member of the Group Management Board
53
2 yrs
Arto Hiltunen
Chief Information Officer & VP of IT Management
60
10.1 yrs
Kia Aejmelaeus
Vice President of Investor Relations
Board of Directors Tenure
Average tenure and age of the Kesko Oyj board of directors in years:
- The average tenure for the Kesko Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors
Esa Kiiskinen
Chairman of the Board
€88K
55
6.8 yrs
Peter Fagernäs
Deputy Chairman
66
0.8 yrs
Jannica Fagerholm
Independent Director
€34K
57
2.8 yrs
Matti Kyytsönen
Independent Director
€46K
69
3.8 yrs
Toni Pokela
Director
€43K
45
6.8 yrs
Matti Naumanen
Director
€31K
61
2.8 yrs
Piia Karhu
Independent Director
42
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Kesko Oyj'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) Kesko 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
External News
Simply Wall St News
Kesko Oyj (HEL:KESKOB): How Much Money Comes Back To Investors?
If you are currently a shareholder in Kesko Oyj (HEL:KESKOB), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Kesko Oyj’s cash flow, which will help you understand the stock from a cash standpoint. … Kesko Oyj’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.
Simply Wall St - – Full articleDon't Sell Kesko Oyj (HEL:KESKOB) Before You Read This
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Kesko Oyj's (HEL:KESKOB) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCould Kesko Oyj's (HEL:KESKOB) Investor Composition Influence The Stock Price?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleHere's What We Think About Kesko Oyj's (HEL:KESKOB) CEO Pay
How Does Mikko Helander's Compensation Compare With Similar Sized Companies. … According to our data, Kesko Oyj has a market capitalization of €5.0b, and pays its CEO total annual compensation worth €1.3m. … When we examined a selection of companies with market caps ranging from €3.5b to €11b, we found the median CEO compensation was €927k.
Simply Wall St - – Full articleKesko Oyj (HEL:KESKOB): The Return Story
This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Kesko Oyj’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit
Simply Wall St - – Full articleRead This Before Buying Kesko Oyj (HEL:KESKOB) For Its Dividend
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Kesko Oyj (HEL:KESKOB) has been paying a dividend to shareholders. … Here's how I find good dividend stocks
Simply Wall St - – Full articleKesko Oyj (HEL:KESKOB): Financial Strength Analysis
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Kesko Oyj (HEL:KESKOB) with a market-capitalization of €4.8b, rarely draw their attention. … Don’t forget that this is a general and concentrated examination of Kesko Oyj's financial health, so you should conduct further analysis. … Check out our latest analysis for Kesko Oyj
Simply Wall St - – Full articleDo You Know Kesko Oyj’s (HEL:KESKOB) Cash Situation?
I will take you through Kesko Oyj’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Kesko Oyj generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Kesko Oyj’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow
Simply Wall St - – Full articleWhat Should You Know About Kesko Oyj's (HEL:KESKOB) Return On Capital?
and want to begin learning the link between Kesko Oyj (HEL:KESKOB)’s return fundamentals and stock market performance. … Therefore, looking at how efficiently Kesko Oyj is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).
Simply Wall St - – Full articleIs Kesko Oyj (HEL:KESKOB) A Financially Strong Company?
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Kesko Oyj (HEL:KESKOB) with a market-capitalization of €5.12b, rarely draw their attention. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleCompany Info
Map
Description
Kesko Oyj provides trading sector services. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade segments. The Grocery Trade segment is involved in the retail, wholesale, and B2B trade of groceries in Finland. This segment operates approximately 1,500 K-food store chains, including K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Trade segment engages in the retail, wholesale, and B2B trade of building and home improvement, and electrical and HEPAC products. This segment is also involved in the trade of furniture; construction, environmental, agricultural, and recreational machinery; sports equipment; and leisure goods. It also imports and sells, as well as provides after-sales services for construction, materials handling, environmental, and agricultural machinery; and recreational machinery. This segment operates through K-Rauta, Byggmakker, K-Senukai, OMA, Onninen, K-maatalous, Konekesko, Intersport, Budget Sport, The Athlete’s Foot, Kookenkä, Asko, and Sotka stores in Finland, Sweden, Norway, the Baltic countries, the Russian Federation, and Belarus; and online stores, such as Intersport.fi, Budgetsport.fi, theathletesfoot.fi, and Kookenka.fi. The Car Trade segment imports and markets Volkswagen, Audi, SEAT, and Porsche passenger cars, as well as Volkswagen commercial vehicles in Finland; and Seat vehicles in Estonia and Latvia. It is also involved in car retailing activities; and the provision of after-sales services at its retail outlets in the Greater Helsinki area and Turku. The company was founded in 1940 and is headquartered in Helsinki, Finland.
Details
| Name: | Kesko Oyj |
| KESKOB | |
| Exchange: | HLSE |
| Founded: | 1940 |
| €4,983,262,166 | |
| 99,018,353 | |
| Website: | http://www.kesko.fi |
| Address: |
Kesko Oyj Mannerheimintie 117, Helsinki, 00280, Finland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| HLSE | KESKOB | Series B Shares | OMX Nordic Exchange Helsinki | FI | EUR | 02. Jan 1992 | |
| DB | KEK | Series B Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0BNT | Series B Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| OTCPK | KKOY.Y | UNSPONSORED ADR | Pink Sheets LLC | US | USD | 20. Oct 2008 | |
| HLSE | KESKOA | Series A Shares | OMX Nordic Exchange Helsinki | FI | EUR | 01. Jun 1999 | |
| LSE | 0BNS | Series A Shares | London Stock Exchange | GB | EUR | 01. Jun 1999 |
Number of employees
Current staff
Industry
| Food Retail | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/01/19 20:43 |
| End of day share price update: | 2019/01/18 00:00 |
| Last estimates confirmation: | 2019/01/17 |
| Last earnings filing: | 2018/10/24 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
