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Apetit Oyj

HLSE:APETIT
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APETIT
HLSE
€54M
Market Cap
  1. Home
  2. FI
  3. Food, Beverage & Tobacco
Company description

Apetit Oyj operates as a food company primarily in Finland and internationally. The last earnings update was 132 days ago. More info.


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APETIT Share Price and Events
7 Day Returns
1.2%
HLSE:APETIT
-0.8%
Europe Food
-0.1%
FI Market
1 Year Returns
-34.7%
HLSE:APETIT
13.3%
Europe Food
-3.3%
FI Market
APETIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Apetit Oyj (APETIT) 1.2% 1.4% 0.9% -34.7% -32.5% -51.8%
Europe Food -0.8% 1.1% 5.7% 13.3% 12.7% 42.4%
FI Market -0.1% 1.7% -2.5% -3.3% 17.3% 27.8%
1 Year Return vs Industry and Market
  • APETIT underperformed the Food industry which returned 13.3% over the past year.
  • APETIT underperformed the Market in Finland which returned -3.3% over the past year.
Price Volatility
APETIT
Industry
5yr Volatility vs Market
Related Companies

APETIT Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Apetit Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Apetit Oyj.

HLSE:APETIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:APETIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 20%) (45.22%))
0.845
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.845 * 6.51%)
6.04%

Discounted Cash Flow Calculation for HLSE:APETIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Apetit Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:APETIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.04%)
2020 5.20 Analyst x1 4.90
2021 5.10 Analyst x1 4.54
2022 6.00 Analyst x1 5.03
2023 6.30 Analyst x1 4.98
2024 6.53 Est @ 3.58% 4.87
2025 6.70 Est @ 2.67% 4.71
2026 6.84 Est @ 2.03% 4.53
2027 6.94 Est @ 1.58% 4.34
2028 7.03 Est @ 1.27% 4.15
2029 7.11 Est @ 1.05% 3.95
Present value of next 10 years cash flows €46.01
HLSE:APETIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €7.11 × (1 + 0.54%) ÷ (6.04% – 0.54%)
€129.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €129.83 ÷ (1 + 6.04%)10
€72.20
HLSE:APETIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €46.01 + €72.20
€118.21
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €118.21 / 6.22
€19.02
HLSE:APETIT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €19.02
Current discount Discount to share price of €8.68
= -1 x (€8.68 - €19.02) / €19.02
54.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Apetit Oyj is available for.
Intrinsic value
>50%
Share price is €8.68 vs Future cash flow value of €19.02
Current Discount Checks
For Apetit Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Apetit Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Apetit Oyj's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Apetit Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Apetit Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:APETIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-1.06
HLSE:APETIT Share Price ** HLSE (2019-07-16) in EUR €8.68
Europe Food Industry PE Ratio Median Figure of 118 Publicly-Listed Food Companies 17.45x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Apetit Oyj.

HLSE:APETIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:APETIT Share Price ÷ EPS (both in EUR)

= 8.68 ÷ -1.06

-8.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apetit Oyj is loss making, we can't compare its value to the Europe Food industry average.
  • Apetit Oyj is loss making, we can't compare the value of its earnings to the Finland market.
Price based on expected Growth
Does Apetit Oyj's expected growth come at a high price?
Raw Data
HLSE:APETIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
56.2%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.67x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Apetit Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Apetit Oyj's assets?
Raw Data
HLSE:APETIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €16.26
HLSE:APETIT Share Price * HLSE (2019-07-16) in EUR €8.68
Europe Food Industry PB Ratio Median Figure of 159 Publicly-Listed Food Companies 1.3x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 2x
HLSE:APETIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:APETIT Share Price ÷ Book Value per Share (both in EUR)

= 8.68 ÷ 16.26

0.53x

* Primary Listing of Apetit Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apetit Oyj is good value based on assets compared to the Europe Food industry average.
X
Value checks
We assess Apetit Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Apetit Oyj has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

APETIT Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Apetit Oyj expected to grow at an attractive rate?
  • Apetit Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Apetit Oyj's earnings growth is expected to exceed the Finland market average.
  • Apetit Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:APETIT Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:APETIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 56.2%
HLSE:APETIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3%
Europe Food Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:APETIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:APETIT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13
2022-12-31 321 13 4 1
2021-12-31 314 12 4 1
2020-12-31 305 12 4 1
2019-12-31 298 30 2 1
HLSE:APETIT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 283 -24 -7
2018-06-30 296 -3 0
2018-03-31 306 20 2
2017-12-31 312 20 3
2017-09-30 306 20 2
2017-06-30 309 22 2
2017-03-31 318 18 2
2016-12-31 312 22 2
2016-09-30 345 6 3
2016-06-30 343 -8 -3
2016-03-31 357 -14 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Apetit Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Apetit Oyj's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:APETIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Apetit Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:APETIT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.68 0.68 0.68 1.00
2021-12-31 0.64 0.64 0.64 1.00
2020-12-31 0.61 0.61 0.61 1.00
2019-12-31 0.36 0.36 0.36 1.00
HLSE:APETIT Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -1.06
2018-06-30 0.06
2018-03-31 0.35
2017-12-31 0.47
2017-09-30 0.38
2017-06-30 0.27
2017-03-31 0.31
2016-12-31 0.34
2016-09-30 0.44
2016-06-30 -0.55
2016-03-31 -0.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Apetit Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Apetit Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Apetit Oyj has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

APETIT Past Performance

  How has Apetit Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Apetit Oyj's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Apetit Oyj does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Apetit Oyj's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Apetit Oyj's 1-year growth to the Europe Food industry average as it is not currently profitable.
Earnings and Revenue History
Apetit Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Apetit Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:APETIT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 283.10 -6.60 34.90
2018-06-30 295.70 0.40 31.90
2018-03-31 306.25 2.15 31.90
2017-12-31 311.80 2.90 34.80
2017-09-30 306.20 2.30 31.30
2017-06-30 309.00 1.70 31.70
2017-03-31 318.10 1.90 31.70
2016-12-31 312.00 2.10 31.70
2016-09-30 345.40 2.70 39.70
2016-06-30 342.90 -3.40 39.90
2016-03-31 357.20 -3.70 39.90
2015-12-31 380.80 -4.30 39.90
2015-09-30 387.70 -3.00 40.80
2015-06-30 389.40 -9.80 40.20
2015-03-31 387.30 -9.00 40.20
2014-12-31 384.70 -8.00 40.20
2014-09-30 361.30 -7.00 41.10
2014-06-30 375.90 6.70 41.10
2014-03-31 376.20 8.20 41.10
2013-12-31 387.30 10.10 41.10
2013-09-30 405.00 9.50 38.60
2013-06-30 406.10 9.80 38.60
2013-03-31 398.80 8.20 38.60
2012-12-31 378.20 6.60 38.60
2012-09-30 343.60 7.00 32.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Apetit Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Apetit Oyj has efficiently used its assets last year compared to the Europe Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Apetit Oyj improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Apetit Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Apetit Oyj has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

APETIT Health

 How is Apetit Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Apetit Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Apetit Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Apetit Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Apetit Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Apetit Oyj Company Filings, last reported 6 months ago.

HLSE:APETIT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 101.10 24.40 2.60
2018-06-30 104.00 4.40 9.30
2018-03-31 112.30 4.90 15.70
2017-12-31 112.30 4.90 15.70
2017-09-30 110.10 13.30 4.90
2017-06-30 109.00 7.30 10.90
2017-03-31 112.10 22.00 5.30
2016-12-31 117.70 19.10 4.60
2016-09-30 115.90 21.10 1.10
2016-06-30 113.70 17.60 6.90
2016-03-31 114.80 26.40 2.80
2015-12-31 121.00 36.50 13.40
2015-09-30 118.00 28.30 12.90
2015-06-30 121.90 3.30 11.50
2015-03-31 122.50 8.00 8.40
2014-12-31 129.30 12.00 13.70
2014-09-30 125.60 26.80 8.10
2014-06-30 136.00 4.80 14.10
2014-03-31 136.30 11.50 5.60
2013-12-31 143.60 14.90 2.90
2013-09-30 139.20 21.10 2.30
2013-06-30 137.00 6.50 3.30
2013-03-31 136.20 26.30 2.60
2012-12-31 141.20 36.10 5.30
2012-09-30 137.20 46.20 13.40
  • Apetit Oyj's level of debt (24.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.4% vs 24.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Apetit Oyj's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Apetit Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Apetit Oyj has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

APETIT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.61%
Current annual income from Apetit Oyj dividends. Estimated to be 5.76% next year.
If you bought €2,000 of Apetit Oyj shares you are expected to receive €92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Apetit Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.25%).
  • Apetit Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.15%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:APETIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Food Industry Average Dividend Yield Market Cap Weighted Average of 94 Stocks 2.4%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:APETIT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.60 1.00
2020-12-31 0.50 1.00
2019-12-31 0.40 1.00
HLSE:APETIT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.400 4.561
2018-03-27 0.700 6.159
2017-03-24 0.700 5.055
2016-03-10 0.700 5.331
2016-02-17 0.700 5.549
2015-03-25 0.700 5.237
2014-03-04 1.000 6.045
2013-03-27 0.900 5.056
2012-03-06 0.850 5.992
2012-02-16 0.850 5.289
2011-03-08 0.900 5.853
2010-03-30 0.380 2.161
2009-04-02 0.850 6.016

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Apetit Oyj's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Apetit Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Apetit Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Apetit Oyj has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

APETIT Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Juha Vanhainen
COMPENSATION €0
AGE 58
TENURE AS CEO 4.3 years
CEO Bio

Mr. Juha Vanhainen, M.Sc. (Eng.), has been the Group Chief Executive Officer of Apetit Oyj since April 01, 2015 and serves as its President. Mr. Vanhainen is a Director of Ponsse Oyj since April 09, 2018. He served as an Executive Vice President of Energy, Logistics, Business Information Services and Wood Supply Operations in Finland and Sweden at Stora Enso Oyj until March 15, 2015. He served as an Executive Vice President and Programme Director for EUR 200 Million Streamlining & Structure Simplification Programme at Stora Enso Oyj. Mr. Vanhainen was Project Director for Streamlining and Structure Simplification Programme at Stora Enso Oyj since July 1, 2013. He served as Executive Vice President of Printing & Reading at Stora Enso until June 30, 2013 and its Country Manager for Finland from October 1, 2008 to July 1, 2013. Mr. Vanhainen served as an Executive Vice President of Publication Paper at Stora Enso Corp. He served as an Executive Vice President of Newsprint & Book Paper of Stora Enso Corp. from 2007 to 2009. He served as Senior Vice President of Office Papers of Fine Paper Division at Stora Enso Corp., from September 1, 2003 to 2007. He joined Stora Enso Oulu in 1990 and held various production and project management positions at Stora Enso, Oulu Paper Mill from 1993 to 1998. He served as General Manager and Mill Director of Stora Enso Fine Paper, Oulu Mill from 1999 to 2003. Mr. Vanhainen also served as Senior Vice President of Office Paper, Stora Enso Fine Paper, London from 2003 to 2007. He served as the Chairman of Finnish Forest Industries Federation. He served as Deputy Chairman of Pohjolan Voima Oyj since March 23, 2009 and served as its Director since October 15, 2008. He serves as a Member of the Board of Directors of several subsidiaries and associated companies. He served as a Member of Supervisory Board at Ilmarinen Pension Insurance Co. Ltd. (now, Ilmarinen Mutual Pension Insurance Company). He holds an M.Sc. degree in Engineering.

CEO Compensation
  • Insufficient data for Juha to compare compensation growth.
  • Juha's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Apetit Oyj management team in years:

5.7
Average Tenure
55
Average Age
  • The average tenure for the Apetit Oyj management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Juha Vanhainen

TITLE
CEO & President
AGE
58
TENURE
4.3 yrs

Tero Heikkinen

TITLE
Chief Finance Officer
AGE
45
TENURE
1.7 yrs

Sanna Väisänen

TITLE
Communications & IR Director
AGE
42
TENURE
1.5 yrs

Asmo Ritala

TITLE
Corporate Counsel & Secretary
AGE
61
TENURE
24.5 yrs

Johanna Heikkilä

TITLE
Human Resources Director
AGE
57
TENURE
14.5 yrs

Antti Kerttula

TITLE
Head of Frozen Products & MD of Apetit Ruoka Oy
AGE
63
TENURE
7.2 yrs

Jari Nevavuori

TITLE
Member of Supervisory Board
AGE
53
TENURE
7.3 yrs

Leena Helminen

TITLE
Executive Officer of Business Development
AGE
33
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Apetit Oyj board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the Apetit Oyj board of directors is about average.
Board of Directors

Simo Palokangas

TITLE
Chairman
COMPENSATION
€11K
AGE
75
TENURE
0.3 yrs

Lasse Aho

TITLE
Deputy Chairman
AGE
61
TENURE
0.7 yrs

Harri Eela

TITLE
Chairman of Supervisory Board
AGE
59
TENURE
5.3 yrs

Seppo Laine

TITLE
Director
AGE
66
TENURE
3.5 yrs

Marja-Liisa Mikola-Luoto

TITLE
Deputy Chairman of Supervisory Board
AGE
48
TENURE
8.5 yrs

Niko Simula

TITLE
Director
AGE
53
TENURE
4.3 yrs

Annikka Hurme

TITLE
Director
AGE
55
TENURE
2.3 yrs

Jussi Hantula

TITLE
Member of Supervisory Board
AGE
64
TENURE
24.5 yrs

Risto Korpela

TITLE
Member of Supervisory Board
AGE
70
TENURE
12.3 yrs

Mauno Ylinen

TITLE
Member of Supervisory Board
AGE
54
TENURE
14.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Apetit Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Apetit Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

APETIT News

Simply Wall St News

Introducing Apetit Oyj (HEL:APETIT), The Stock That Slid 52% In The Last Five Years

We also note that the stock has performed poorly over the last year, with the share price down 37%. … View our latest analysis for Apetit Oyj Because Apetit Oyj is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off.

Simply Wall St -

Something To Consider Before Buying Apetit Oyj (HEL:APETIT) For The 4.7% Dividend

Is Apetit Oyj (HEL:APETIT) a good dividend stock? … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Apetit Oyj is a new dividend aristocrat in the making.

Simply Wall St -

What You Should Know About Apetit Oyj's (HEL:APETIT) Financial Strength

While small-cap stocks, such as Apetit Oyj (HEL:APETIT) with its market cap of €56m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Since APETIT is loss-making right now, … the current state of its operations and pathway to profitability.

Simply Wall St -

Did You Manage To Avoid Apetit Oyj's Painful 54% Share Price Drop?

At this point some shareholders may be questioning their investment in Apetit Oyj (HEL:APETIT), since the last five years saw the share price fall 54%. … And we doubt long term believers are the only worried holders, since the stock price has declined 37% over the last twelve months. … Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining.

Simply Wall St -

How Much Of Apetit Oyj (HEL:APETIT) Do Insiders Own?

The big shareholder groups in Apetit Oyj (HEL:APETIT) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Apetit Oyj is a smaller company with a market capitalization of €57m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is Apetit Oyj's (HEL:APETIT) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Juha Vanhainen's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Juha Vanhainen receives more in total compensation than the median of a group of companies in the same market, and of similar size to Apetit Oyj

Simply Wall St -

Apetit Oyj (HEL:APETIT): Commentary On Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Apetit Oyj (HEL:APETIT) due to its excellent fundamentals in more than one area. … APETIT

Simply Wall St -

Could Apetit Oyj's (HEL:APETIT) Investor Composition Impacts Your Returns?

In this analysis, my focus will be on developing a perspective on Apetit Oyj’s (HEL:APETIT) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Don't Trust HEL:APETIT's 5.22% Yield

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Apetit Oyj (HEL:APETIT) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually.

Simply Wall St -

Interested In Apetit Oyj (HLSE:APETIT)? Here's What Its Recent Performance Looks Like

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Were APETIT's earnings stronger than its past performances and the industry. … APETIT's trailing twelve-month earnings (from 31 December 2017) of €2.90m has.

Simply Wall St -

APETIT Company Info

Description

Apetit Oyj operates as a food company primarily in Finland and internationally. It operates through Food Solutions, Oilseed Products, and Grain Trade segments. The company produces frozen foods, such as frozen vegetables and frozen ready meals, ready-to-use vegetables, and fruits products under the Apetit brand name; 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 vegetable oils and oilseed-based 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. Apetit Oyj was founded in 1930 and is headquartered in Helsinki, Finland.

Details
Name: Apetit Oyj
APETIT
Exchange: HLSE
Founded: 1930
€53,960,270
6,216,621
Website: http://apetit.fi
Address: Apetit Oyj
Sörnäistenkatu 1 A,
Helsinki,
Uusimaa, 00580,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE APETIT Share Capital OMX Nordic Exchange Helsinki FI EUR 26. Aug 1992
LSE 0F55 Share Capital London Stock Exchange GB EUR 26. Aug 1992
BATS-CHIXE APETIH Share Capital BATS 'Chi-X Europe' GB EUR 26. Aug 1992
Number of employees
Current staff
Staff numbers
517
Apetit Oyj employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:37
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.