HLSE:ATRAV

Stock Analysis Report

Executive Summary

Atria Oyj, together with its subsidiaries, manufactures and markets food products in Finland, the Nordic countries, Russia, and Estonia.


Snowflake Analysis

Undervalued with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.6%

ATRAV

4.7%

FI Food

9.8%

FI Market


1 Year Return

-3.2%

ATRAV

-1.6%

FI Food

-20.6%

FI Market

Return vs Industry: ATRAV matched the Finnish Food industry which returned -3.9% over the past year.

Return vs Market: ATRAV exceeded the Finnish Market which returned -19.3% over the past year.


Shareholder returns

ATRAVIndustryMarket
7 Day0.6%4.7%9.8%
30 Day-3.1%-5.9%-18.6%
90 Day-19.8%-20.0%-22.3%
1 Year1.4%-3.2%0.9%-1.6%-16.6%-20.6%
3 Year-12.6%-23.1%20.7%13.2%-3.2%-15.3%
5 Year1.2%-18.3%36.7%23.8%5.2%-15.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATRAV (€8.05) is trading below our estimate of fair value (€29.48)

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


Price To Earnings Ratio

PE vs Industry: ATRAV is good value based on its PE Ratio (15x) compared to the Food industry average (15.8x).

PE vs Market: ATRAV is poor value based on its PE Ratio (15x) compared to the Finnish market (15x).


Price to Earnings Growth Ratio

PEG Ratio: ATRAV is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ATRAV is good value based on its PB Ratio (0.5x) compared to the XE Food industry average (0.9x).


Next Steps

Future Growth

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

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATRAV's forecast earnings growth (21.2% per year) is above the savings rate (-0.1%).

Earnings vs Market: ATRAV's earnings (21.2% per year) are forecast to grow faster than the Finnish market (8.8% per year).

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

Revenue vs Market: ATRAV's revenue (1.7% per year) is forecast to grow faster than the Finnish market (0.4% per year).

High Growth Revenue: ATRAV's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATRAV's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has Atria Oyj performed over the past 5 years?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATRAV has high quality earnings.

Growing Profit Margin: ATRAV's current net profit margins (1%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: ATRAV's earnings have declined by -8.7% per year over the past 5 years.

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

Earnings vs Industry: ATRAV had negative earnings growth (-7.8%) over the past year, making it difficult to compare to the Food industry average (-0.7%).


Return on Equity

High ROE: ATRAV's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Atria Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ATRAV's short term assets (€225.7M) do not cover its short term liabilities (€273.3M).

Long Term Liabilities: ATRAV's short term assets (€225.7M) exceed its long term liabilities (€221.1M).


Debt to Equity History and Analysis

Debt Level: ATRAV's debt to equity ratio (45%) is considered high.

Reducing Debt: ATRAV's debt to equity ratio has reduced from 63.5% to 45% over the past 5 years.

Debt Coverage: ATRAV's debt is well covered by operating cash flow (45.2%).

Interest Coverage: ATRAV's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet

Inventory Level: ATRAV has a high level of physical assets or inventory.

Debt Coverage by Assets: ATRAV's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

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

5.22%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ATRAV's dividend (5.22%) is higher than the bottom 25% of dividend payers in the Finnish market (3.2%).

High Dividend: ATRAV's dividend (5.22%) is low compared to the top 25% of dividend payers in the Finnish market (6.48%).


Stability and Growth of Payments

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

Growing Dividend: ATRAV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.4%), ATRAV's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ATRAV's dividends in 3 years are forecast to be well covered by earnings (45.3% payout ratio).


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Juha Gröhn (56yo)

9s

Tenure

€715,861

Compensation

Mr. Juha Gröhn, M.Sc. (Food Sc.), has been the Chief Executive Officer at Atria Oyj since March 04, 2011 and has been its Managing Director. He served as President at Atria Oyj since March 3, 2011. Mr. Grö ...


CEO Compensation Analysis

Compensation vs Market: Juha's total compensation ($USD0.00) is below average for companies of similar size in the Finnish market ($USD510.43K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Juha Gröhn
CEO & MD9yrs€715.86k0.073% 165.0k
Tomas Back
CFO, Deputy CEO & Executive VP of Atria Denmark2.17yrsno data0.0067% 15.1k
Jukka Mantykivi
Chief Information Officer6yrsno datano data
Hanne Kortesoja
Communication & Investor Relations Managerno datano datano data
Pasi Luostarinen
Executive Vice President of Marketing & Market Insight3.25yrsno data0.0067% 15.1k
Lars Ohlin
Executive Vice President of Human Resources3.92yrsno data0.0018% 4.1k
Merja Leino
Executive Vice President of Sustainability1.17yrsno datano data
Mika Ala-Fossi
Executive Vice President of Atria Finland9.17yrsno data0.0033% 7.6k
Ilari Hyyrynen
Executive Vice President of Russia1.67yrsno datano data
Kari Korrko
CEO of Baltic Group12.42yrsno datano data

3.9yrs

Average Tenure

55.5yo

Average Age

Experienced Management: ATRAV's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Seppo Paavola
Chairman7.83yrs€69.30k0.016% 35.4k
Juho Anttikoski
Deputy Chairman of Supervisory Board7.83yrs€15.50k0.014% 32.2k
Sivula Juhani
Independent Director11yrs€28.20k0.036% 80.5k
Kjell-Göran Paxal
Director7.83yrs€41.10k0.0091% 20.7k
Jyrki Rantsi
Deputy Chairman4.92yrs€54.00k0.0025% 5.6k
Nella Ginman-Tjeder
Independent Director3.92yrs€26.70kno data
Jukka Kaikkonen
Chairman of Supervisory Board2.92yrs€2.25k0.0018% 4.0k
Pasi Korhonen
Director3.92yrs€33.60kno data
Ahti Ritola
Director1.92yrs€2.00k0.0014% 3.2k
Jukka Moisio
Independent Director5.83yrs€25.80kno data

5.4yrs

Average Tenure

55.5yo

Average Age

Experienced Board: ATRAV's board of directors are considered experienced (5.4 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

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


Key Information

  • Name: Atria Oyj
  • Ticker: ATRAV
  • Exchange: HLSE
  • Founded: 1903
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €226.707m
  • Shares outstanding: 28.16m
  • Website: https://www.atria.fi

Number of Employees


Location

  • Atria Oyj
  • Itikanmäenkatu 3
  • PO Box 900
  • Seinäjoki
  • Southern Ostrobothnia
  • 60060
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATRAVHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURJun 1997
0IY1LSE (London Stock Exchange)YesSeries A SharesGBEURJun 1997
ATRAVHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURJun 1997

Biography

Atria Oyj, together with its subsidiaries, manufactures and markets food products in Finland, the Nordic countries, Russia, and Estonia. The company provides cold cuts and spreads; cooking and meat products, such as sausages; fresh and consumer packed meat; poultry products; convenience food; ready-made meals; vegetable and delicatessen products; and animal feed. Atria Oyj offers its products under the Atria, Sibylla, 3-Stjernet, Aalbaek, Maks & Moorits, VK, Wõro, Pit-Product, CampoMos, and Casademont brand names. The company markets its products to food service, retail trade, export, and concept customers, as well as food industry. Atria Oyj was founded in 1903 and is headquartered in Seinäjoki, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 20:55
End of Day Share Price2020/03/30 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.