HLSE:NOHO

Stock Analysis Report

Executive Summary

NoHo Partners Oyj engages in restaurant and labor hire services businesses in Finland and Denmark.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

HLSE:NOHO

2.6%

FI Hospitality

-0.6%

FI Market


1 Year Return

-21.8%

HLSE:NOHO

-2.2%

FI Hospitality

-7.5%

FI Market

NOHO underperformed the Hospitality industry which returned -2.2% over the past year.

NOHO underperformed the Market in Finland which returned -7.5% over the past year.


Share holder returns

NOHOIndustryMarket
7 Day1.7%2.6%-0.6%
30 Day-3.4%-2.5%-4.0%
90 Day1.9%5.9%-1.5%
1 Year-18.6%-21.8%1.1%-2.2%-3.3%-7.5%
3 Year83.7%64.4%15.3%4.7%24.2%9.9%
5 Year139.0%93.7%47.0%23.6%51.1%22.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NoHo Partners Oyj undervalued based on future cash flows and its price relative to the stock market?

30.66x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

NoHo Partners Oyj's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

NoHo Partners Oyj's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

NoHo Partners Oyj is overvalued based on earnings compared to the Europe Hospitality industry average.

NoHo Partners Oyj is overvalued based on earnings compared to the Finland market.


Price Based on Expected Growth

NoHo Partners Oyj is poor value based on expected growth next year.


Price Based on Value of Assets

NoHo Partners Oyj is overvalued based on assets compared to the Europe Hospitality industry average.


Next Steps

Future Growth

How is NoHo Partners Oyj expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

NoHo Partners Oyj's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

NoHo Partners Oyj's earnings are expected to grow significantly at over 20% yearly.

NoHo Partners Oyj's revenues are expected to decrease over the next 1-3 years, this is below the Finland market average.

NoHo Partners Oyj's earnings growth is expected to exceed the Finland market average.

NoHo Partners Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.


Earnings per Share Growth Estimates


Future Return on Equity

NoHo Partners Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has NoHo Partners Oyj performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

NoHo Partners Oyj's year on year earnings growth rate has been positive over the past 5 years.

NoHo Partners Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.

NoHo Partners Oyj's 1-year earnings growth is negative, it can't be compared to the Europe Hospitality industry average.


Return on Equity

NoHo Partners Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

NoHo Partners Oyj used its assets less efficiently than the Europe Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

NoHo Partners Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is NoHo Partners Oyj's financial position?


Financial Position Analysis

NoHo Partners Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

NoHo Partners Oyj's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

NoHo Partners Oyj's level of debt (140.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (42% vs 140.3% today).

Debt is well covered by operating cash flow (21.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

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

4.60%

Expected Dividend Yield


Dividend Yield and Payments Analysis

NoHo Partners Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.43%).

NoHo Partners Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.35%).

Whilst dividend payments have been stable, NoHo Partners Oyj has been paying a dividend for less than 10 years.

Dividend payments have increased, but NoHo Partners Oyj only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (2x coverage).


Next Steps

Management

What is the CEO of NoHo Partners Oyj's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average management tenure


CEO

Aku Vikström (47yo)

1.2yrs

Tenure

0

Mr. Aku Vikström is Chief Executive Officer at Restamax Oyj since June 1, 2018. Mr. Vikström is responsible in Finland for operations, result and development. He served as the CEO of Royal Ravintolat Ltd ( ...


Management Age and Tenure

0.9yrs

Average Tenure

43yo

Average Age

The average tenure for the NoHo Partners Oyj management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.3yrs

Average Tenure

53yo

Average Age

The tenure for the NoHo Partners Oyj board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Timo Rainer (53yo)

    Founder & Chairman

    • Tenure: 0.0yrs
    • Compensation: €23.80k
  • Tanja Virtanen (42yo)

    CBO of Food Restaurants

    • Tenure: 0.9yrs
  • Jarno Suominen (47yo)

    Chief Financial Officer

    • Tenure: 14.6yrs
  • Juha Helminen (42yo)

    Deputy CEO & Director of International Operations

    • Tenure: 0.1yrs
  • Aku Vikström (47yo)

    Chief Executive Officer

    • Tenure: 1.2yrs
  • Eemeli Nurminen (36yo)

    CBO of Nightclubs and Pubs & Entertainment - Helsinki Metropolitan Area

    • Tenure: 0.9yrs
  • Anne Kokkonen (43yo)

    HR Director

    • Tenure: 0.9yrs

Board Members

  • Petri Olkinuora (62yo)

    Vice Chairman

    • Tenure: 5.3yrs
    • Compensation: €20.00k
  • Tomi Terho

    Director

    • Tenure: 1.3yrs
  • Aartio Anter (50yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: €10.00k
  • Timo Rainer (53yo)

    Founder & Chairman

    • Tenure: 0.0yrs
    • Compensation: €23.80k
  • Mika Niemi (53yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: €10.00k
  • Saku Tuominen (52yo)

    Director

    • Tenure: 1.3yrs
  • Mia Ahlström

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: NoHo Partners Oyj
  • Ticker: NOHO
  • Exchange: HLSE
  • Founded: 1996
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: €163.101m
  • Shares outstanding: 18.97m
  • Website: https://www.noho.fi

Number of Employees


Location

  • NoHo Partners Oyj
  • Verkatehtaankatu 2
  • Tampere
  • Pirkanmaa
  • 33100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOHOHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURNov 2013
0QI6LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2013

Biography

NoHo Partners Oyj engages in restaurant and labor hire services businesses in Finland and Denmark. As of December 19, 2018, it operated approximately 220 restaurants, bars, pubs, nightclubs, and entertainm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 21:53
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.