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APET

Apetit Oyj HLSE:APETIT Stock Report

Last Price

€11.35

Market Cap

€70.8m

7D

4.1%

1Y

-20.9%

Updated

21 May, 2022

Data

Company Financials +
APETIT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends1/6

APETIT Stock Overview

Apetit Oyj operates as a food company primarily in Finland, Norway, Germany, Sweden, and internationally.

Apetit Oyj Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Apetit Oyj
Historical stock prices
Current Share Price€11.35
52 Week High€14.90
52 Week Low€9.86
Beta0.59
1 Month Change-11.67%
3 Month Change-6.20%
1 Year Change-20.91%
3 Year Change27.53%
5 Year Change-15.93%
Change since IPO175.86%

Recent News & Updates

Shareholder Returns

APETITFI FoodFI Market
7D4.1%-0.9%-0.2%
1Y-20.9%-40.9%-13.4%

Return vs Industry: APETIT exceeded the Finnish Food industry which returned -40.8% over the past year.

Return vs Market: APETIT underperformed the Finnish Market which returned -13.7% over the past year.

Price Volatility

Is APETIT's price volatile compared to industry and market?
APETIT volatility
APETIT Average Weekly Movement6.5%
Food Industry Average Movement5.4%
Market Average Movement6.1%
10% most volatile stocks in FI Market8.9%
10% least volatile stocks in FI Market4.4%

Stable Share Price: APETIT is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: APETIT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1930311Esa Mäkihttps://apetit.fi

Apetit Oyj operates as a food company primarily in Finland, Norway, Germany, Sweden, and internationally. It operates through Food Solutions, Oilseed Products, and Grain Trade segments. The company develops, produces, markets, and sells frozen vegetables, frozen vegetable and fish based ready foods, and frozen pizzas under the Apetit brand name; vegetable and rapeseed oils, and other oilseed products; and grains, oilseeds, and raw materials for feeds.

Apetit Oyj Fundamentals Summary

How do Apetit Oyj's earnings and revenue compare to its market cap?
APETIT fundamental statistics
Market Cap€70.82m
Earnings (TTM)€2.40m
Revenue (TTM)€283.90m

29.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APETIT income statement (TTM)
Revenue€283.90m
Cost of Revenue€238.50m
Gross Profit€45.40m
Other Expenses€43.00m
Earnings€2.40m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)0.38
Gross Margin15.99%
Net Profit Margin0.84%
Debt/Equity Ratio31.2%

How did APETIT perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

104%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


23.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: APETIT (€11.35) is trading below our estimate of fair value (€14.9)

Significantly Below Fair Value: APETIT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APETIT is poor value based on its PE Ratio (29.5x) compared to the European Food industry average (17.6x).

PE vs Market: APETIT is poor value based on its PE Ratio (29.5x) compared to the Finnish market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: APETIT is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: APETIT's PB Ratio (0.8x) is in line with the FI Food industry average.


Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APETIT's forecast earnings growth (20.6% per year) is above the savings rate (0.2%).

Earnings vs Market: APETIT's earnings (20.6% per year) are forecast to grow faster than the Finnish market (8.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APETIT's revenue is expected to decline over the next 3 years (-13% per year).

High Growth Revenue: APETIT's revenue is forecast to decline over the next 3 years (-13% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APETIT's Return on Equity is forecast to be low in 3 years time (4.8%).


Past Performance

How has Apetit Oyj performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: APETIT has high quality earnings.

Growing Profit Margin: APETIT's current net profit margins (0.8%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: APETIT has become profitable over the past 5 years, growing earnings by -6.4% per year.

Accelerating Growth: APETIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APETIT had negative earnings growth (-22.6%) over the past year, making it difficult to compare to the Food industry average (11.9%).


Return on Equity

High ROE: APETIT's Return on Equity (2.6%) is considered low.


Financial Health

How is Apetit Oyj's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: APETIT's short term assets (€89.1M) exceed its short term liabilities (€61.5M).

Long Term Liabilities: APETIT's short term assets (€89.1M) exceed its long term liabilities (€2.3M).


Debt to Equity History and Analysis

Debt Level: APETIT's net debt to equity ratio (23.2%) is considered satisfactory.

Reducing Debt: APETIT's debt to equity ratio has increased from 16.3% to 31.2% over the past 5 years.

Debt Coverage: APETIT's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: APETIT's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet


Dividend

What is Apetit Oyj current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: APETIT's dividend (3.52%) is higher than the bottom 25% of dividend payers in the Finnish market (2.37%).

High Dividend: APETIT's dividend (3.52%) is low compared to the top 25% of dividend payers in the Finnish market (4.79%).


Stability and Growth of Payments

Stable Dividend: APETIT's dividend payments have been volatile in the past 10 years.

Growing Dividend: APETIT's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (103.9%), APETIT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: APETIT is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure


CEO

Esa Mäki (55 yo)

2.67yrs

Tenure

€350,000

Compensation

Mr. Esa Mäki, MSc has been Business Director of Food Solutions at Apetit Oyj since January 2020. Mr. Mäki has been Chief Executive Officer of Apetit Oyj since September 1, 2019 and served as its Director o...


CEO Compensation Analysis

Compensation vs Market: Esa's total compensation ($USD369.24K) is about average for companies of similar size in the Finnish market ($USD287.30K).

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


Leadership Team

Experienced Management: APETIT's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: APETIT's board of directors are considered experienced (8.8 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

Apetit Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Apetit Oyj
  • Ticker: APETIT
  • Exchange: HLSE
  • Founded: 1930
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €70.823m
  • Shares outstanding: 6.24m
  • Website: https://apetit.fi

Number of Employees


Location

  • Apetit Oyj
  • SOernAeistenkatu 1 A
  • Helsinki
  • Uusimaa
  • 580
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.