Altia Oyj
Market Cap
€397.5m
Last Updated
2021/03/08 19:05 UTC
Data Sources
Company Financials +
Executive Summary
Altia Oyj produces, imports, markets, distributes, and sells alcoholic beverages in the Nordic and Baltic countries. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Similar Companies
Share Price & News
How has Altia Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALTIA is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ALTIA's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
ALTIA
3.2%
FI Beverage
-1.4%
FI Market
1 Year Return
47.5%
ALTIA
14.4%
FI Beverage
29.3%
FI Market
Return vs Industry: ALTIA exceeded the Finnish Beverage industry which returned 5.1% over the past year.
Return vs Market: ALTIA exceeded the Finnish Market which returned 18.5% over the past year.
Shareholder returns
| ALTIA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 3.2% | -1.4% |
| 30 Day | 0.4% | -1.9% | -1.4% |
| 90 Day | 13.6% | -1.8% | 3.1% |
| 1 Year | 54.7%47.5% | 16.3%14.4% | 38.8%29.3% |
| 3 Year | n/a | -5.9%-11.0% | 31.2%8.2% |
| 5 Year | n/a | 3.3%-6.5% | 72.1%34.0% |
Long-Term Price Volatility Vs. Market
How volatile is Altia Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Can Altia Oyj (HEL:ALTIA) Continue To Grow Its Returns On Capital?1 month ago | Simply Wall St
An Intrinsic Calculation For Altia Oyj (HEL:ALTIA) Suggests It's 48% Undervalued2 months ago | Simply Wall St
How Much Of Altia Oyj (HEL:ALTIA) Do Institutions Own?Valuation
Is Altia Oyj undervalued compared to its fair value and its price relative to the market?
35.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALTIA (€11.08) is trading below our estimate of fair value (€17.26)
Significantly Below Fair Value: ALTIA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALTIA is good value based on its PE Ratio (22.5x) compared to the XE Beverage industry average (24x).
PE vs Market: ALTIA is good value based on its PE Ratio (22.5x) compared to the Finnish market (27.7x).
Price to Earnings Growth Ratio
PEG Ratio: ALTIA is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: ALTIA is overvalued based on its PB Ratio (2.6x) compared to the XE Beverage industry average (2.4x).
Next Steps
Future Growth
How is Altia Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
31.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALTIA's forecast earnings growth (31.1% per year) is above the savings rate (0.3%).
Earnings vs Market: ALTIA's earnings (31.1% per year) are forecast to grow faster than the Finnish market (19.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALTIA's revenue (16.3% per year) is forecast to grow faster than the Finnish market (3.8% per year).
High Growth Revenue: ALTIA's revenue (16.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALTIA's Return on Equity is forecast to be low in 3 years time (15.8%).
Next Steps
Past Performance
How has Altia Oyj performed over the past 5 years?
-4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALTIA has high quality earnings.
Growing Profit Margin: ALTIA's current net profit margins (5.2%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: ALTIA's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: ALTIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALTIA had negative earnings growth (-3.4%) over the past year, making it difficult to compare to the Beverage industry average (-9%).
Return on Equity
High ROE: ALTIA's Return on Equity (11.4%) is considered low.
Next Steps
Financial Health
How is Altia Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: ALTIA's short term assets (€272.4M) exceed its short term liabilities (€204.8M).
Long Term Liabilities: ALTIA's short term assets (€272.4M) exceed its long term liabilities (€94.5M).
Debt to Equity History and Analysis
Debt Level: ALTIA's debt to equity ratio (74.9%) is considered high.
Reducing Debt: ALTIA's debt to equity ratio has increased from 56.9% to 74.9% over the past 5 years.
Debt Coverage: ALTIA's debt is well covered by operating cash flow (47.9%).
Interest Coverage: ALTIA's interest payments on its debt are well covered by EBIT (18.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Altia Oyj current dividend yield, its reliability and sustainability?
3.16%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ALTIA's dividend (3.16%) is higher than the bottom 25% of dividend payers in the Finnish market (1.86%).
High Dividend: ALTIA's dividend (3.16%) is low compared to the top 25% of dividend payers in the Finnish market (3.95%).
Stability and Growth of Payments
Stable Dividend: ALTIA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ALTIA has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.1%), ALTIA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALTIA's dividends in 3 years are forecast to be covered by earnings (55.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Veli Pekka Tennilä (51 yo)
6.75yrs
Tenure
€337,737
Compensation
Mr. Veli Pekka Tennilä has been the Chief Executive Officer at Altia Oyj since June 01, 2014. Mr. Tennilä has been Chief Executive Officer of A/S Aldaris since October 1, 2011 and serves as its Chairman. M...
CEO Compensation Analysis
Compensation vs Market: Veli Pekka's total compensation ($USD402.36K) is about average for companies of similar size in the Finnish market ($USD565.28K).
Compensation vs Earnings: Veli Pekka's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.75yrs | €337.74k | 0.090% € 358.6k | |
| Interim Chief Financial Officer | 1.17yrs | no data | no data | |
| Chief Information Officer | 1.25yrs | no data | no data | |
| Investor Relations Manager | no data | no data | no data | |
| General Counsel | 7.5yrs | no data | no data | |
| Director of Corporate Relations & Communications | no data | no data | no data | |
| Senior Vice President of Marketing | 4.67yrs | no data | 0.018% € 73.3k | |
| Senior Vice President of Human Resources | 4.92yrs | no data | 0.014% € 56.1k | |
| Senior Vice President of Finland & Exports | 3.5yrs | no data | 0.030% € 119.4k | |
| Senior Vice President of Altia Industrial | 13.17yrs | no data | 0.027% € 105.6k | |
| Senior Vice President of Scandinavia | 5.58yrs | no data | 0.026% € 102.3k | |
| Development Director of Partner Business | 5.08yrs | no data | no data |
5.0yrs
Average Tenure
51yo
Average Age
Experienced Management: ALTIA's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 5.92yrs | €71.18k | 0.011% € 43.0k | |
| Independent Director | 3.08yrs | €29.93k | no data | |
| Independent Director | 3.25yrs | €33.53k | 0.0035% € 13.8k | |
| Independent Director | 4yrs | €32.93k | 0.0012% € 4.7k | |
| Independent Director | 1.83yrs | €22.20k | 0.0033% € 13.2k | |
| Independent Vice Chairman of the Board | 0.75yr | no data | 0.0034% € 13.6k | |
| Independent Director | 0.75yr | no data | no data |
3.1yrs
Average Tenure
54yo
Average Age
Experienced Board: ALTIA's board of directors are considered experienced (3.1 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Altia Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Altia Oyj
- Ticker: ALTIA
- Exchange: HLSE
- Founded: 1888
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: €397.545m
- Shares outstanding: 36.14m
- Website: https://www.altiagroup.com
Number of Employees
Location
- Altia Oyj
- Kaapeliaukio 1
- Helsinki
- Uusimaa
- 180
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALTIA | HLSE (OMX Nordic Exchange Helsinki) | Yes | Common Stock | FI | EUR | Mar 2018 |
| ALTIAH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Mar 2018 |
| 28Q | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2018 |
Biography
Altia Oyj produces, imports, markets, distributes, and sells alcoholic beverages in the Nordic and Baltic countries. It offers wines, spirits, and other beverages; and barley starch, grain sprits, technica...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 19:05 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.