HLSE:EVLI

Stock Analysis Report

Executive Summary

Evli Pankki Oyj provides various investment products and services to institutions, companies, and high net worth individuals in Finland, Sweden, and internationally.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EVLI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

EVLI

-0.7%

FI Capital Markets

-1.9%

FI Market


1 Year Return

37.5%

EVLI

18.7%

FI Capital Markets

9.8%

FI Market

Return vs Industry: EVLI exceeded the Finnish Capital Markets industry which returned 18.7% over the past year.

Return vs Market: EVLI exceeded the Finnish Market which returned 9.8% over the past year.


Shareholder returns

EVLIIndustryMarket
7 Day3.3%-0.7%-1.9%
30 Day9.3%4.2%1.6%
90 Day37.5%9.9%8.7%
1 Year47.0%37.5%23.4%18.7%14.8%9.8%
3 Year113.8%78.7%18.0%4.2%33.6%17.6%
5 Yearn/a8.4%-11.7%44.6%17.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

16.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EVLI (€12.35) is trading above our estimate of fair value (€9.21)

Significantly Below Fair Value: EVLI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EVLI is good value based on its PE Ratio (17x) compared to the Capital Markets industry average (21.9x).

PE vs Market: EVLI is good value based on its PE Ratio (17x) compared to the Finnish market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: EVLI is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: EVLI is overvalued based on its PB Ratio (3.6x) compared to the XE Capital Markets industry average (1.4x).


Next Steps

Future Growth

How is Evli Pankki Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVLI's forecast earnings growth (11.2% per year) is above the savings rate (-0.1%).

Earnings vs Market: EVLI's earnings (11.2% per year) are forecast to grow faster than the Finnish market (9.7% per year).

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

Revenue vs Market: EVLI's revenue (6.5% per year) is forecast to grow faster than the Finnish market (-0.1% per year).

High Growth Revenue: EVLI's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EVLI's Return on Equity is forecast to be high in 3 years time (28.1%)


Next Steps

Past Performance

How has Evli Pankki Oyj performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVLI has high quality earnings.

Growing Profit Margin: EVLI's current net profit margins (22.8%) are lower than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: EVLI's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: EVLI's earnings growth over the past year (8.1%) is below its 5-year average (14.9% per year).

Earnings vs Industry: EVLI earnings growth over the past year (8.1%) exceeded the Capital Markets industry 5.7%.


Return on Equity

High ROE: Whilst EVLI's Return on Equity (22.86%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Evli Pankki Oyj's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: EVLI has a low level of unsold assets or inventory.

Debt Coverage by Assets: EVLI's debt is covered by short term assets (assets are 2.4x debt).


Financial Institutions Analysis

Asset Level: EVLI's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if EVLI has a sufficient allowance for bad loans.

Low Risk Liabilities: EVLI's liabilities are made up of primarily low risk sources of funding.

Loan Level: EVLI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EVLI's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if EVLI has an appropriate level of bad loans.


Next Steps

Dividend

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

5.34%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company5.3%marketbottom25%2.1%markettop25%4.5%industryaverage3.1%forecastin3Years6.9%

Current dividend yield vs market & industry

Notable Dividend: EVLI's dividend (5.34%) is higher than the bottom 25% of dividend payers in the Finnish market (2.13%).

High Dividend: EVLI's dividend (5.34%) is in the top 25% of dividend payers in the Finnish market (4.55%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EVLI has been paying a dividend for less than 10 years.

Growing Dividend: EVLI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.8%), EVLI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVLI's dividends in 3 years are forecast to be covered by earnings (81.1% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Maunu Lehtimaki (52yo)

13.3yrs

Tenure

€488,116

Compensation

Mr. Maunu Lehtimäki, M.Sc. (Econ.), serves as the Chief Executive Officer of Evli Pankki Oyj (a/k/a, Evli Bank Plc) and served as its and Partner. Mr. Lehtimäki joined Evli Bank Plc in 1996. He served as a ...


CEO Compensation Analysis

Compensation vs Market: Maunu's total compensation ($USD530.22K) is about average for companies of similar size in the Finnish market ($USD530.22K).

Compensation vs Earnings: Maunu's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Maunu Lehtimaki
Chief Executive Officer13.3yrs€488.12k2.93% 8.5m
Jyri Viskari
Managing Director0yrsno datano data
Claes Tallberg
Managing Director0yrsno data1.71% 5.0m
Kai Karttunen
Managing Director and Co-Founder0yrsno datano data
Roger Kempe
Founding Partner and Executive Vice President0yrsno datano data
Juho Mikola
CFO & Deputy to the CEO0yrsno data0.36% 1.1m
Panu Jousimies
Head of Execution & Operations3.1yrsno data0.74% 2.1m
Jari Sevon
Chief Investment Officer2.1yrsno datano data
Mikael Thunved
Head of Corporate Finance0yrsno data0.60% 1.7m
Mikaela Herrala
Investor Relations & Communications Manager0yrsno datano data

3.1yrs

Average Tenure

52yo

Average Age

Experienced Management: EVLI's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Henrik Andersin
Chairman of the Board14.1yrsno data20.21% 58.7m
Teuvo Salminen
Independent Director10.1yrsno data0.21% 617.5k
Mikael Lilius
Vice Chairman1.9yrsno data0.16% 475.2k
Robert Ingman
Director10.1yrsno data10.47% 30.4m
Sari Helander
Independent Director0.9yrsno data0.0076% 22.2k
Fredrik Hacklin
Independent Director0.9yrsno datano data

6.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: EVLI's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Evli Pankki Oyj
  • Ticker: EVLI
  • Exchange: HLSE
  • Founded: 1985
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €290.547m
  • Shares outstanding: 23.53m
  • Website: https://www.evli.com

Number of Employees


Location

  • Evli Pankki Oyj
  • Aleksanterinkatu 19 A
  • 4th Floor
  • Helsinki
  • Uusimaa
  • 101
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVLIHLSE (OMX Nordic Exchange Helsinki)YesSeries B SharesFIEURDec 2015
EVLIHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBEURDec 2015

Biography

Evli Pankki Oyj provides various investment products and services to institutions, companies, and high net worth individuals in Finland, Sweden, and internationally. It operates through two segments, Wealth Management and Investors Clients, and Advisory and Corporate Clients. The Wealth Management and Investors Clients segment provides services, such as private banking and wealth management, institutional asset management, and capital market services, as well as public and private market funds. The Advisory and Corporate Client segment offers products and services that include financial advisory, investment research, and incentive plan administration. Its products include mutual funds, equities, derivatives and exchange traded funds, structured products, and banking services. The company was founded in 1985 and is headquartered in Helsinki, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:25
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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