HLSE:PIHLIS

Stock Analysis Report

Executive Summary

Pihlajalinna Oyj provides social and healthcare services for private persons, businesses, insurance companies, municipalities, and hospital districts in Finland.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

PIHLIS

1.4%

FI Healthcare

0.8%

FI Market


1 Year Return

12.5%

PIHLIS

-9.6%

FI Healthcare

5.5%

FI Market

Return vs Industry: PIHLIS exceeded the Finnish Healthcare industry which returned -9.6% over the past year.

Return vs Market: PIHLIS exceeded the Finnish Market which returned 5.5% over the past year.


Shareholder returns

PIHLISIndustryMarket
7 Day-1.5%1.4%0.8%
30 Day2.1%-2.0%0.6%
90 Day-3.5%-0.4%2.7%
1 Year13.6%12.5%-7.9%-9.6%10.4%5.5%
3 Year-34.1%-36.1%-12.2%-15.7%29.6%14.2%
5 Yearn/a39.9%30.7%62.9%31.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

44.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PIHLIS (€10.46) is trading below our estimate of fair value (€18.76)

Significantly Undervalued: PIHLIS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PIHLIS is poor value based on its PE Ratio (39.3x) compared to the Healthcare industry average (24.6x).

PE vs Market: PIHLIS is poor value based on its PE Ratio (39.3x) compared to the Finnish market (20.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: PIHLIS is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: PIHLIS is overvalued based on its PB Ratio (2x) compared to the XE Healthcare industry average (2x).


Next Steps

Future Growth

How is Pihlajalinna Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

44.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PIHLIS's forecast earnings growth (44.5% per year) is above the savings rate (0.5%).

Earnings vs Market: PIHLIS's earnings (44.5% per year) are forecast to grow faster than the Finnish market (13.4% per year).

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

Revenue vs Market: PIHLIS's revenue (2.8% per year) is forecast to grow faster than the Finnish market (2.1% per year).

High Growth Revenue: PIHLIS's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PIHLIS's Return on Equity is forecast to be low in 3 years time (12.8%).


Next Steps

Past Performance

How has Pihlajalinna Oyj performed over the past 5 years?

25.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PIHLIS's earnings have grown significantly by 25.9% per year over the past 5 years.

Accelerating Growth: PIHLIS's earnings growth over the past year (99.9%) exceeds its 5-year average (25.9% per year).

Earnings vs Industry: PIHLIS earnings growth over the past year (99.9%) exceeded the Healthcare industry 6.9%.


Return on Equity

High ROE: PIHLIS's Return on Equity (7.9%) is considered low.


Return on Assets

ROA vs Industry: PIHLIS's Return on Assets is below or equal to the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: PIHLIS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Pihlajalinna Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: PIHLIS's short term assets (€72.3M) do not cover its short term liabilities (€101.8M)

Long Term Liabilities: PIHLIS's short term assets (72.3M) do not cover its long term liabilities (204.9M)


Debt to Equity History and Analysis

Debt Level: PIHLIS is debt free.

Reducing Debt: PIHLIS has no debt compared to 5 years ago when its debt to equity ratio was 208.8%.

Debt Coverage: PIHLIS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PIHLIS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if PIHLIS's debt is covered by short term assets.


Next Steps

Dividend

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

0.96%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%2.2%markettop25%5.1%industryaverage1.8%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PIHLIS's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.24%).

High Dividend: PIHLIS's dividend (0.96%) is low compared to the top 25% of dividend payers in the Finnish market (5.06%).

Stable Dividend: PIHLIS is not paying a notable dividend for the Finnish market, therefore no need to check if payments are stable.

Growing Dividend: PIHLIS is not paying a notable dividend for the Finnish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PIHLIS is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PIHLIS's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Joni Raimo Aaltonen (49yo)

1.8yrs

Tenure

€285,436

Compensation

Mr. Joni Raimo Mikael Aaltonen has been Chief Executive Officer of Pihlajalinna Oyj since December 11, 2017 and has been its Chairman of the Management Team since August 15, 2019. He was Director of VMP Oy ...


CEO Compensation Analysis

Compensation vs. Market: Joni Raimo has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Finnish market.

Compensation vs Earnings: Joni Raimo's compensation has increased by more than 20% in the past year.


Management Age and Tenure

0.8yrs

Average Tenure

49yo

Average Age

Experienced Management: PIHLIS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

0.5yrs

Average Tenure

56yo

Average Age

Experienced Board: PIHLIS's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Elina Heliö (47yo)

    Head of Human Resources

    • Tenure: 0.4yrs
  • Taina Erkkilä

    Head of Communications & IR

    • Tenure: 0.8yrs
  • Joni Raimo Aaltonen (49yo)

    CEO & Chairman of the Management Team

    • Tenure: 1.8yrs
    • Compensation: €285.44k
  • Tarja Kristiina Rantala (47yo)

    Chief Financial Officer

    • Tenure: 0.2yrs
  • Minna Elomaa (50yo)

    Head of Business Operations

    • Tenure: 2.8yrs
  • Pauli Waroma (41yo)

    Head of Marketing & Communications

    • Tenure: 0.8yrs
  • Tero Järvinen (47yo)

    Head of Business Operations

    • Tenure: 1.6yrs
  • Teija Kulmala (50yo)

    Chief Operating Officer

    • Tenure: 0.2yrs
  • Sanna Määttänen (52yo)

    Head of Service Development

    • Tenure: 0yrs
  • Marko Savolainen (52yo)

    General Counsel

    • Tenure: 0.8yrs

Board Members

  • Seija Turunen (66yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: €38.00k
  • Leena Niemistö (56yo)

    Independent Vice-Chairman

    • Tenure: 0.5yrs
    • Compensation: €44.00k
  • Hannu Juvonen (64yo)

    Independent Director

    • Tenure: 0.5yrs
  • Matti Jaakola (64yo)

    Independent Director

    • Tenure: 0.5yrs
  • Mikko Wirén (47yo)

    Chairman of the Board

    • Tenure: 3.2yrs
    • Compensation: €258.54k
  • Kati Sulin (45yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €28.50k
  • Mika Manninen (44yo)

    Independent Director

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: Pihlajalinna Oyj
  • Ticker: PIHLIS
  • Exchange: HLSE
  • Founded: 2001
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: €236.607m
  • Shares outstanding: 22.62m
  • Website: https://www.pihlajalinna.fi

Number of Employees


Location

  • Pihlajalinna Oyj
  • Kehräsaari B
  • Tampere
  • Pirkanmaa
  • 33200
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIHLISHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURJun 2015
PIHLIhBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURJun 2015
0R8HLSE (London Stock Exchange)YesShare CapitalGBEURJun 2015
38PDB (Deutsche Boerse AG)YesShare CapitalDEEURJun 2015
PIHL.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDJun 2015

Biography

Pihlajalinna Oyj provides social and healthcare services for private persons, businesses, insurance companies, municipalities, and hospital districts in Finland. It offers emergency and on-call, occupation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:12
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.