HLSE:APETIT

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Average dividend payer and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: APETIT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

APETIT

0.4%

FI Food

0.2%

FI Market


1 Year Return

0.2%

APETIT

-2.3%

FI Food

-2.5%

FI Market

Return vs Industry: APETIT exceeded the Finnish Food industry which returned -2.3% over the past year.

Return vs Market: APETIT exceeded the Finnish Market which returned -3.4% over the past year.


Shareholder returns

APETITIndustryMarket
7 Day0%0.4%0.2%
30 Day-4.8%-8.6%-2.1%
90 Day14.9%4.8%20.8%
1 Year5.0%0.2%-0.2%-2.3%1.7%-2.5%
3 Year-28.7%-38.1%21.4%14.2%10.0%-2.7%
5 Year-18.3%-36.1%48.9%34.4%42.0%15.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

47.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APETIT (€8.66) is trading below our estimate of fair value (€16.59)

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


Price To Earnings Ratio

PE vs Industry: APETIT is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: APETIT is unprofitable, so we can't compare its PE Ratio to the Finnish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APETIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APETIT is good value based on its PB Ratio (0.6x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

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

53.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APETIT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: APETIT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APETIT's is expected to become profitable in the next 3 years.

Revenue vs Market: APETIT's revenue (1.5% per year) is forecast to grow slower than the Finnish market (4.9% per year).

High Growth Revenue: APETIT's revenue (1.5% per year) is forecast to grow slower than 20% 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 (3.8%).


Next Steps

Past Performance

How has Apetit Oyj performed over the past 5 years?

17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APETIT is currently unprofitable.

Growing Profit Margin: APETIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: APETIT is unprofitable, but has reduced losses over the past 5 years at a rate of 17.8% per year.

Accelerating Growth: Unable to compare APETIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APETIT is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-2.7%).


Return on Equity

High ROE: APETIT has a negative Return on Equity (-5.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Apetit Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: APETIT's short term assets (€106.3M) exceed its short term liabilities (€71.8M).

Long Term Liabilities: APETIT's short term assets (€106.3M) exceed its long term liabilities (€5.1M).


Debt to Equity History and Analysis

Debt Level: APETIT's debt to equity ratio (34.5%) is considered satisfactory.

Reducing Debt: APETIT's debt to equity ratio has increased from 8.8% to 34.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: APETIT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if APETIT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

5.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APETIT's dividend (5.2%) is higher than the bottom 25% of dividend payers in the Finnish market (2.36%).

High Dividend: APETIT's dividend (5.2%) is in the top 25% of dividend payers in the Finnish market (5.09%)


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: APETIT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: APETIT's dividends in 3 years are forecast to be covered by earnings (76.4% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Esa Mäki (54yo)

0.83

Tenure

€290,990

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 ($USD327.14K) is about average for companies of similar size in the Finnish market ($USD326.61K).

Compensation vs Earnings: Insufficient data to compare Esa's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Esa Mäki
CEO & Business Director of Food Solutions0.83yr€290.99k0.0020% 1.1k
Teemu Luovila
Chief Financial Officer0.42yrno datano data
Sanna Väisänen
Director of Corporate Communications & Sustainability2.5yrsno datano data
Antti Kerttula
Head of Frozen Products & MD of Apetit Ruoka Oy8.17yrsno datano data
Jari Nevavuori
Member of Supervisory Board8.33yrsno datano data

2.5yrs

Average Tenure

54yo

Average Age

Experienced Management: APETIT's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jussi Hantula
Member of Supervisory Board25.5yrsno datano data
Harri Eela
Chairman of Supervisory Board6.25yrsno data0.013% 6.9k
Simo Palokangas
Independent Chairman1.25yrs€33.00k0.19% 104.2k
Seppo Laine
Independent Director4.5yrs€25.00k0.074% 40.1k
Lasse Aho
Independent Deputy Chairman1.67yrs€29.00k0.11% 59.2k
Risto Korpela
Member of Supervisory Board13.33yrsno datano data
Mauno Ylinen
Member of Supervisory Board15.5yrsno datano data
Marja-Liisa Mikola-Luoto
Deputy Chairman of Supervisory Board9.5yrsno data0.026% 14.1k
Annikka Hurme
Independent Director3.25yrs€23.00k0.038% 20.6k
Niko Simula
Independent Director5.25yrs€25.00k0.063% 34.0k

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: APETIT's board of directors are considered experienced (5.8 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 company bio, 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
  • Market Cap: €54.015m
  • Shares outstanding: 6.22m
  • Website: https://apetit.fi

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APETITHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURAug 1992
0F55LSE (London Stock Exchange)YesShare CapitalGBEURAug 1992
APETIHBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURAug 1992

Biography

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, and sells frozen foods, such as frozen vegetables and ready meals, and ready-to-use vegetables under the Apetit brand name; and offers fish based products, burgers, nuggets, granites, arctic peas, and frozen pizzas. It also supplies frozen foods and fresh products, as well as manufactures various products for private labels. In addition, the company produces and sells vegetable and rapeseed oils, oilseeds, and raw materials for feeds; and trades in grains, oilseeds, and raw materials for feeds. It serves food industry companies, retailers, and professional food service sectors, as well as the hotel, restaurant, and catering sector. The company was founded in 1930 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 Analysis2020/07/02 21:09
End of Day Share Price2020/07/02 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.