Pihlajalinna Oyj
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Pihlajalinna Oyj provides social and healthcare services for private persons, businesses, insurance companies, municipalities, and hospital districts in Finland. The last earnings update was 44 days ago. More info.
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PIHLIS Share Price and Events
7 Day Returns
1 Year Returns
PIHLIS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Pihlajalinna Oyj (PIHLIS) | 1.6% | 0.9% | 8.8% | -7.9% | -29.3% | - |
| Europe Healthcare | 0.9% | -3% | -2.6% | -22.5% | -6.1% | 41.6% |
| FI Market | 1.5% | 0.1% | -5.1% | -6.5% | 23.4% | 23.9% |
1 Year Return vs Industry and Market
- PIHLIS outperformed the Healthcare industry which returned -22.5% over the past year.
- PIHLIS underperformed the Market in Finland which returned -6.5% over the past year.
PIHLIS Value
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
Pihlajalinna 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Pihlajalinna Oyj.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.6% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FI Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6.5% |
| Healthcare Unlevered Beta | Simply Wall St/ S&P Global | 0.64 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.638 (1 + (1- 20%) (48.52%)) |
0.923 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.923 * 6.51%) |
6.55% |
Discounted Cash Flow Calculation for HLSE:PIHLIS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Pihlajalinna 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 6.55%) |
|
|---|---|---|---|
| 2019 | 18.87 | Analyst x3 | 17.71 |
| 2020 | 23.13 | Analyst x3 | 20.38 |
| 2021 | 31.35 | Analyst x4 | 25.92 |
| 2022 | 34.60 | Analyst x2 | 26.84 |
| 2023 | 32.80 | Analyst x2 | 23.88 |
| 2024 | 31.63 | Est @ -3.58% | 21.61 |
| 2025 | 30.88 | Est @ -2.34% | 19.81 |
| 2026 | 30.43 | Est @ -1.48% | 18.32 |
| 2027 | 30.16 | Est @ -0.87% | 17.04 |
| 2028 | 30.03 | Est @ -0.45% | 15.92 |
| Present value of next 10 years cash flows | €207.43 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €30.03 × (1 + 0.54%) ÷ (6.55% – 0.54%) |
€502.29 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €502.29 ÷ (1 + 6.55%)10 |
€266.32 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €207.43 + €266.32 |
€473.75 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €473.75 / 22.62 |
€20.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €20.94 |
| Current discount | Discount to share price of
€11.18
= -1 x (€11.18 - €20.94) / €20.94 |
46.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Pihlajalinna Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Pihlajalinna 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 Pihlajalinna Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Pihlajalinna Oyj's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €0.29 |
| HLSE:PIHLIS Share Price ** | HLSE (2019-06-14) in EUR | €11.18 |
| Europe Healthcare Industry PE Ratio | Median Figure of 61 Publicly-Listed Healthcare Companies | 21.2x |
| Finland Market PE Ratio | Median Figure of 107 Publicly-Listed Companies | 20.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Pihlajalinna Oyj.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = HLSE:PIHLIS Share Price ÷ EPS (both in EUR) = 11.18 ÷ 0.29 |
38.76x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pihlajalinna Oyj is overvalued based on earnings compared to the Europe Healthcare industry average.
- Pihlajalinna Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does
Pihlajalinna Oyj's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 38.76x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
19.3%per year |
| Europe Healthcare Industry PEG Ratio | Median Figure of 38 Publicly-Listed Healthcare Companies | 1.42x |
| Finland Market PEG Ratio | Median Figure of 92 Publicly-Listed Companies | 1.73x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 38.76x ÷ 19.3% |
2.01x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pihlajalinna Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Pihlajalinna Oyj's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €5.38 |
| HLSE:PIHLIS Share Price * | HLSE (2019-06-14) in EUR | €11.18 |
| Europe Healthcare Industry PB Ratio | Median Figure of 74 Publicly-Listed Healthcare Companies | 1.8x |
| Finland Market PB Ratio | Median Figure of 142 Publicly-Listed Companies | 1.99x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = HLSE:PIHLIS Share Price ÷ Book Value per Share (both in EUR) = 11.18 ÷ 5.38 |
2.08x |
* Primary Listing of Pihlajalinna Oyj.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pihlajalinna Oyj is overvalued based on assets compared to the Europe Healthcare industry average.
Value checks
We assess Pihlajalinna Oyj's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check) Pihlajalinna Oyj has a total score of 2/6, 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.
PIHLIS Future Performance
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!
Earnings growth vs Low Risk Savings
- Pihlajalinna Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Pihlajalinna Oyj's earnings growth is expected to exceed the Finland market average.
- Pihlajalinna Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| HLSE:PIHLIS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 19.3% |
| HLSE:PIHLIS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 3% |
| Europe Healthcare Industry Earnings Growth Rate | Market Cap Weighted Average | 12.5% |
| Europe Healthcare Industry Revenue Growth Rate | Market Cap Weighted Average | 6.6% |
| Finland Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| Finland Market Revenue Growth Rate | Market Cap Weighted Average | 2.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 582 | 62 | 1 | |
| 2022-12-31 | 566 | 61 | 18 | 2 |
| 2021-12-31 | 547 | 53 | 18 | 4 |
| 2020-12-31 | 530 | 51 | 16 | 5 |
| 2019-12-31 | 518 | 46 | 13 | 5 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 501 | 25 | 7 |
| 2018-12-31 | 488 | 27 | 4 |
| 2018-09-30 | 469 | 26 | 3 |
| 2018-06-30 | 452 | 27 | 3 |
| 2018-03-31 | 433 | 27 | 5 |
| 2017-12-31 | 424 | 35 | 10 |
| 2017-09-30 | 420 | 32 | 9 |
| 2017-06-30 | 414 | 37 | 9 |
| 2017-03-31 | 409 | 32 | 9 |
| 2016-12-31 | 399 | 32 | 8 |
| 2016-09-30 | 358 | 26 | 6 |
| 2016-06-30 | 315 | 18 | 5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 0.80 | 0.80 | 0.80 | 1.00 |
| 2021-12-31 | 0.80 | 0.88 | 0.71 | 4.00 |
| 2020-12-31 | 0.71 | 0.78 | 0.64 | 5.00 |
| 2019-12-31 | 0.57 | 0.64 | 0.48 | 5.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.29 |
| 2018-12-31 | 0.17 |
| 2018-09-30 | 0.16 |
| 2018-06-30 | 0.14 |
| 2018-03-31 | 0.24 |
| 2017-12-31 | 0.46 |
| 2017-09-30 | 0.46 |
| 2017-06-30 | 0.45 |
| 2017-03-31 | 0.45 |
| 2016-12-31 | 0.39 |
| 2016-09-30 | 0.31 |
| 2016-06-30 | 0.23 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Pihlajalinna Oyj's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Pihlajalinna Oyj has a total score of 3/6, 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.
PIHLIS Past Performance
How has Pihlajalinna 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
Past Earnings growth analysis
- Pihlajalinna Oyj has delivered over 20% year on year earnings growth in the past 5 years.
- Pihlajalinna Oyj's 1-year earnings growth exceeds its 5-year average (30.1% vs 28.8%)
- Pihlajalinna Oyj's earnings growth has exceeded the Europe Healthcare industry average in the past year (30.1% vs 6%).
Earnings and Revenue History
All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 501.06 | 6.53 | 21.48 | |
| 2018-12-31 | 487.76 | 3.83 | 21.48 | |
| 2018-09-30 | 468.68 | 3.42 | 12.96 | |
| 2018-06-30 | 451.78 | 3.02 | 12.96 | |
| 2018-03-31 | 433.18 | 5.02 | 12.96 | |
| 2017-12-31 | 423.98 | 9.52 | 12.96 | |
| 2017-09-30 | 419.79 | 9.45 | 13.80 | |
| 2017-06-30 | 414.39 | 9.35 | 13.80 | |
| 2017-03-31 | 408.99 | 9.25 | 13.80 | |
| 2016-12-31 | 399.09 | 8.05 | 13.80 | |
| 2016-09-30 | 358.03 | 6.36 | 9.47 | |
| 2016-06-30 | 314.93 | 4.66 | 9.47 | |
| 2016-03-31 | 265.53 | 2.06 | 9.47 | |
| 2015-12-31 | 213.33 | 0.46 | 9.47 | |
| 2015-09-30 | 202.65 | 0.67 | 5.99 | |
| 2015-06-30 | 184.35 | 0.17 | 5.99 | |
| 2015-03-31 | 165.25 | 0.87 | 5.99 | |
| 2014-12-31 | 148.85 | 1.47 | 5.99 | |
| 2013-12-31 | 104.43 | 4.43 | 4.15 | |
| 2012-12-31 | 47.25 | 1.12 | 2.19 |
*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.
- Pihlajalinna Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Pihlajalinna Oyj used its assets less efficiently than the Europe Healthcare industry average last year based on Return on Assets.
- Pihlajalinna Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Pihlajalinna Oyj's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Pihlajalinna Oyj has a total score of 3/6, 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.
PIHLIS Health
How is Pihlajalinna 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 Pihlajalinna Oyj's finances.
The net worth of a company is the difference between its assets and liabilities.
- Pihlajalinna Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Pihlajalinna Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Pihlajalinna Oyj has no debt, it does not need to be covered by short term assets.
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.
All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 131.00 | 122.70 | 27.80 |
| 2018-12-31 | 131.16 | 126.38 | 36.32 |
| 2018-09-30 | 127.50 | 120.30 | 27.60 |
| 2018-06-30 | 123.50 | 116.30 | 27.40 |
| 2018-03-31 | 137.20 | 102.30 | 37.10 |
| 2017-12-31 | 105.86 | 71.24 | 37.07 |
| 2017-09-30 | 103.90 | 75.60 | 27.80 |
| 2017-06-30 | 103.50 | 62.40 | 27.00 |
| 2017-03-31 | 103.90 | 68.60 | 37.90 |
| 2016-12-31 | 101.01 | 49.66 | 27.54 |
| 2016-09-30 | 100.90 | 54.20 | 23.20 |
| 2016-06-30 | 98.50 | 58.60 | 19.40 |
| 2016-03-31 | 96.20 | 55.60 | 32.40 |
| 2015-12-31 | 93.45 | 38.86 | 15.33 |
| 2015-09-30 | 68.20 | 51.50 | 19.60 |
| 2015-06-30 | 67.10 | 60.90 | 32.60 |
| 2015-03-31 | 11.00 | 85.90 | 11.20 |
| 2014-12-31 | 10.36 | 82.53 | 10.96 |
| 2013-12-31 | 38.27 | 40.84 | 11.32 |
| 2012-12-31 | 29.61 | 46.73 | 7.85 |
- Pihlajalinna Oyj has no debt.
- Pihlajalinna Oyj has no debt compared to 5 years ago when it was 163.6%.
- Pihlajalinna Oyj has no debt, it does not need to be covered by operating cash flow.
- Pihlajalinna Oyj has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Pihlajalinna Oyj's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Pihlajalinna Oyj has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
PIHLIS Dividends
What is Pihlajalinna 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
If you bought
€2,000 of
Pihlajalinna Oyj
shares you are expected to receive
€18
in your first year as a dividend.
Dividend Amount
- Pihlajalinna Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.35%).
- Pihlajalinna Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.32%).
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.
| 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 5 Analyst Estimates (S&P Global) | See Below |
| Europe Healthcare Industry Average Dividend Yield | Market Cap Weighted Average of 46 Stocks | 1.7% |
| Finland Market Average Dividend Yield | Market Cap Weighted Average of 100 Stocks | 4.4% |
| Finland Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Finland Bottom 25% Dividend Yield | 25th Percentile | 2.4% |
| Finland Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.28 | 4.00 |
| 2020-12-31 | 0.22 | 5.00 |
| 2019-12-31 | 0.18 | 5.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-11 | 0.100 | 0.944 |
| 2018-03-13 | 0.160 | 1.467 |
| 2017-04-04 | 0.150 | 0.953 |
| 2016-03-11 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pihlajalinna Oyj is not paying a notable dividend for Finland, therefore no need to check if the payments are stable.
- Pihlajalinna Oyj is not paying a notable dividend for Finland, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Pihlajalinna Oyj's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Pihlajalinna Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Pihlajalinna 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.
PIHLIS Management
CEO
| COMPENSATION | €285,436 |
| AGE | 48 |
| TENURE AS CEO | 1.5 years |
CEO Bio
Mr. Joni Raimo Mikael Aaltonen has been Director of VMP Oyj (Also known as VMP Group Oy; VMP Plc) since 2018. Mr. Aaltonen has been Chief Executive Officer of Pihlajalinna Oyj since December 11, 2017. Mr. Aaltonen served as Senior Vice President of Primary & Social Care Segment at Pihlajalinna Oyj from 2016 to December 11, 2017 and as its Head of Corporate Planning until December 11, 2017. Prior to that, Mr. Aaltonen served as a Head of Mergers and Acquisitions at Pihlajalinna Oyj. He served as the Chief Operating Officer of Pihlajalinna Oyj from 2015 to 2016 and served as its Chief Financial Officer from 2005 to 2008 and from 2008 to 2014. Mr. Aaltonen served as Vice President of Finance and Member of the Management Team at Cybercom Finland Oy. He served as KPMG Oy Ab's Auditor from 2001 to 2004. He served as Pihlajalinna Terveys Oy's Chief Financial Officer since 2015. He has been Director of Vendero Oy since 2013; Kemvit Oy since 2014 and Posa Oy since 2014. He holds BBA.
CEO Compensation
- Joni Raimo's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
- Joni Raimo's remuneration is lower than average for companies of similar size in Finland.
Management Team Tenure
Average tenure and age of the Pihlajalinna Oyj management team in years:
- The average tenure for the Pihlajalinna Oyj management team is less than 2 years, this suggests a new team.
Management Team
Joni Raimo Aaltonen
Chief Executive Officer
€285K
48
1.5 yrs
Ville Lehtonen
Chief Financial Officer
37
1.5 yrs
Taina Erkkilä
Head of Communications & IR
0.4 yrs
Marko Savolainen
General Counsel
51
0.5 yrs
Pauli Waroma
Head of Marketing & Communications
40
0.5 yrs
Stefan Wentjärvi
Head of Sales & Head of Business Operations - Northern Finland
51
0.8 yrs
Elina Heliö
Head of Human Resources
46
0.1 yrs
Minna Elomaa
Head of Business Operations
49
2.4 yrs
Tero Järvinen
Head of Business Operations
46
1.3 yrs
Teija Kulmala
Head of Business Operations
49
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Pihlajalinna Oyj board of directors in years:
- The average tenure for the Pihlajalinna Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors
Mikko Wirén
Chairman of the Board
€259K
46
2.8 yrs
Leena Niemistö
Vice-Chairman
€44K
55
0.2 yrs
Seija Turunen
Independent Director
€38K
65
3.4 yrs
Kati Sulin
Independent Director
€29K
44
1.2 yrs
Matti Jaakola
Independent Director
63
0.2 yrs
Hannu Juvonen
Independent Director
63
0.2 yrs
Mika Manninen
Independent Director
43
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Pihlajalinna Oyj's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Pihlajalinna 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.
PIHLIS News
Simply Wall St News
Pihlajalinna Oyj (HEL:PIHLIS) Delivered A Weaker ROE Than Its Industry
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.053 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Should Investors Know About Pihlajalinna Oyj's (HEL:PIHLIS) Return On Capital?
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Pihlajalinna Oyj’s capital returns we will look at a useful metric called return on capital employed. … Pihlajalinna Oyj's Return On Capital Employed
Simply Wall St - – Full articlePihlajalinna Oyj (HEL:PIHLIS): Did It Outperform The Industry?
Below, I will assess PIHLIS's latest performance announced on 30 June 2018 and weigh these figures against its longer term trend and industry movements. … Was PIHLIS's recent earnings decline worse than the long-term trend and the industry. … PIHLIS's trailing twelve-month earnings (from 30 June 2018) of €3.12m has
Simply Wall St - – Full articleWhat You Must Know About Pihlajalinna Oyj's (HEL:PIHLIS) Financial Strength
Investors are always looking for growth in small-cap stocks like Pihlajalinna Oyj (HEL:PIHLIS), with a market cap of €251.54m. … However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes
Simply Wall St - – Full articleDid Pihlajalinna Oyj (HEL:PIHLIS) Create Value For Investors Over The Past Year?
Pihlajalinna Oyj (HEL:PIHLIS) delivered a less impressive 6.90% ROE over the past year, compared to the 11.96% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into PIHLIS's past performance. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of PIHLIS's returns
Simply Wall St - – Full articlePihlajalinna Oyj (HEL:PIHLIS): Is Now A Good Time To Buy?
Pihlajalinna Oyj (HEL:PIHLIS) closed yesterday at €10.68, which left some investors asking whether the high earnings potential can still be justified at this price. … Check out our latest analysis for Pihlajalinna Oyj? … If you are bullish about Pihlajalinna Oyj's growth potential then you are certainly not alone
Simply Wall St - – Full articleShould You Be Tempted To Sell Pihlajalinna Oyj (HEL:PIHLIS) At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to begin learning the link between Pihlajalinna Oyj (HEL:PIHLIS)’s fundamentals and stock market performance. … While PIHLIS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articlePihlajalinna Oyj (HLSE:PIHLIS) Is Trading At A 24.38% Discount
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Pihlajalinna Oyj (HLSE:PIHLIS) as an investment opportunity. … by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF).
Simply Wall St - – Full articleWhat You Must Know About Pihlajalinna Oyj's (HEL:PIHLIS) Financial Strength
Additionally, PIHLIS has generated €34.94M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 49.05%, signalling that PIHLIS’s current level of operating cash is high enough to cover debt. … In PIHLIS’s case, it is able to generate 0.49x cash from its debt capital. … In PIHLIS's case, the ratio of 7.63x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving PIHLIS ample headroom to grow its debt facilities.Next Steps: PIHLIS’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articlePihlajalinna Oyj (HEL:PIHLIS) Is Trading At A 26% Discount
The sum of these cash flows is then discounted to today's value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €-33.00 €18.60 €27.30 €29.15 €33.15 Source Analyst x3 Analyst x4 Analyst x4 Analyst x2 Analyst x2 Present Value Discounted @ 8.23% €-30.49 €15.88 €21.54 €21.25 €22.32 Present Value of 5-year Cash Flow (PVCF)= €50 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €33 × (1 + 0.8%) ÷ (8.2% – 0.8%) = €448 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €448 / ( 1 + 8.2%)5 = €302 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is €352.
Simply Wall St - – Full articlePIHLIS Company Info
Description
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, occupational healthcare, dental care, social and healthcare outsourcing, health center outsourcing, responsible doctor, remote consultation, imaging, and staffing services, as well as housing services for the elderly; and primary and specialized care services, which include orthopedics and surgery, internal medicine, neurology, cardiology, geriatrics, gynecology, psychiatry, radiology, and general medicine specialties. The company also operates fitness and reception centers; and books appointment with general practitioners and specialists. It operates approximately 110 healthcare centers, 4 municipal outsourcing arrangements, and 2 partial outsourcing arrangements. Pihlajalinna Oyj was founded in 2001 and is headquartered in Tampere, Finland.
Details
| Name: | Pihlajalinna Oyj |
| PIHLIS | |
| Exchange: | HLSE |
| Founded: | 2001 |
| €252,893,109 | |
| 22,620,135 | |
| Website: | http://www.pihlajalinna.fi |
| Address: |
Pihlajalinna Oyj Kehräsaari B, Tampere, Pirkanmaa, 33200, Finland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| HLSE | PIHLIS | Share Capital | OMX Nordic Exchange Helsinki | FI | EUR | 04. Jun 2015 | |
| OTCPK | PIHL.F | Share Capital | Pink Sheets LLC | US | USD | 04. Jun 2015 | |
| DB | 38P | Share Capital | Deutsche Boerse AG | DE | EUR | 04. Jun 2015 | |
| LSE | 0R8H | Share Capital | London Stock Exchange | GB | EUR | 04. Jun 2015 |
Number of employees
Current staff
Industry
| Health Care Services | |
| Healthcare |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 22:06 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/05/20 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| 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.
