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Pihlajalinna Oyj

HLSE:PIHLIS
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIHLIS
HLSE
€247M
Market Cap
  1. Home
  2. FI
  3. Healthcare
Company description

Pihlajalinna Oyj provides social and healthcare services for private persons, businesses, insurance companies, municipalities, and hospital districts in Finland. The last earnings update was 46 days ago. More info.


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PIHLIS Share Price and Events
7 Day Returns
-0.9%
HLSE:PIHLIS
1.1%
Europe Healthcare
0.7%
FI Market
1 Year Returns
-8.8%
HLSE:PIHLIS
-21.2%
Europe Healthcare
-6.2%
FI Market
PIHLIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pihlajalinna Oyj (PIHLIS) -0.9% -1.3% 6.2% -8.8% -30.9% -
Europe Healthcare 1.1% -1.9% -2.3% -21.2% -8.1% 43.4%
FI Market 0.7% -1% -6.7% -6.2% 19.4% 22.7%
1 Year Return vs Industry and Market
  • PIHLIS outperformed the Healthcare industry which returned -21.2% over the past year.
  • PIHLIS underperformed the Market in Finland which returned -6.2% over the past year.
Price Volatility
PIHLIS
Industry
5yr Volatility vs Market

PIHLIS Value

 Is Pihlajalinna 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 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.
Raw Data

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

HLSE:PIHLIS Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for HLSE:PIHLIS
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))
= 0.639 (1 + (1- 20%) (49.58%))
0.928
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.928 * 6.51%)
6.58%

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.

HLSE:PIHLIS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.58%)
2019 18.87 Analyst x3 17.70
2020 23.13 Analyst x3 20.37
2021 31.35 Analyst x4 25.89
2022 34.60 Analyst x2 26.81
2023 32.80 Analyst x2 23.85
2024 31.63 Est @ -3.58% 21.58
2025 30.88 Est @ -2.34% 19.77
2026 30.43 Est @ -1.48% 18.28
2027 30.16 Est @ -0.87% 17.00
2028 30.03 Est @ -0.45% 15.88
Present value of next 10 years cash flows €207.13
HLSE:PIHLIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €30.03 × (1 + 0.54%) ÷ (6.58% – 0.54%)
€499.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €499.84 ÷ (1 + 6.58%)10
€264.29
HLSE:PIHLIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €207.13 + €264.29
€471.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €471.42 / 22.62
€20.84
HLSE:PIHLIS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €20.84
Current discount Discount to share price of €10.94
= -1 x (€10.94 - €20.84) / €20.84
47.5%

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

Current Discount
Amount off the current price Pihlajalinna Oyj is available for.
Intrinsic value
48%
Share price is €10.94 vs Future cash flow value of €20.84
Current Discount Checks
For Pihlajalinna Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
HLSE:PIHLIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.29
HLSE:PIHLIS Share Price ** HLSE (2019-06-18) in EUR €10.94
Europe Healthcare Industry PE Ratio Median Figure of 61 Publicly-Listed Healthcare Companies 20.91x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.02x

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

** Primary Listing of Pihlajalinna Oyj.

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

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

= 10.94 ÷ 0.29

37.93x

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?
Raw Data
HLSE:PIHLIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.93x
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 1.72x

*Line of best fit is calculated by linear regression .

HLSE:PIHLIS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.93x ÷ 19.3%

1.96x

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?
Raw Data
HLSE:PIHLIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.38
HLSE:PIHLIS Share Price * HLSE (2019-06-18) in EUR €10.94
Europe Healthcare Industry PB Ratio Median Figure of 74 Publicly-Listed Healthcare Companies 1.81x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.98x
HLSE:PIHLIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.94 ÷ 5.38

2.03x

* 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.
X
Value checks
We assess Pihlajalinna 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 Healthcare 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 Healthcare industry average (and greater than 0)? (1 check)
  5. 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

 How is Pihlajalinna Oyj expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
19.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pihlajalinna Oyj expected to grow at an attractive rate?
  • 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
Raw Data
HLSE:PIHLIS Future Growth Rates Data Sources
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
Raw Data
HLSE:PIHLIS Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:PIHLIS Future Estimates Data
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
HLSE:PIHLIS Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Pihlajalinna Oyj's earnings are expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).
  • Pihlajalinna 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:PIHLIS 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.

HLSE:PIHLIS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.80 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
HLSE:PIHLIS Past Financials Data
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.

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.
  • Pihlajalinna Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pihlajalinna 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.
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
Below we compare Pihlajalinna Oyj's growth in the last year to its industry (Healthcare).
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.
  • 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
Pihlajalinna 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 Pihlajalinna Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:PIHLIS Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Pihlajalinna 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 Healthcare 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Pihlajalinna 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.
  • 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.
Raw Data

All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago.

HLSE:PIHLIS Past Debt and Equity Data
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.
X
Financial health checks
We assess Pihlajalinna 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. Pihlajalinna Oyj has a total score of 4/6, 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.

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
Dividend payments
0.91%
Current annual income from Pihlajalinna Oyj dividends. Estimated to be 2.06% next year.
If you bought €2,000 of Pihlajalinna Oyj shares you are expected to receive €18 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?
  • Pihlajalinna Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.36%).
  • Pihlajalinna Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.28%).
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:PIHLIS 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 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.

HLSE:PIHLIS Future Dividends Estimate Data
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
HLSE:PIHLIS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.100 0.943
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.
Current Payout to shareholders
What portion of Pihlajalinna Oyj's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Pihlajalinna Oyj's dividends as it is not paying a notable one for Finland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Pihlajalinna 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 Pihlajalinna Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Pihlajalinna 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
Joni Raimo Aaltonen
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:

1
Average Tenure
48
Average Age
  • The average tenure for the Pihlajalinna Oyj management team is less than 2 years, this suggests a new team.
Management Team

Joni Raimo Aaltonen

TITLE
Chief Executive Officer
COMPENSATION
€285K
AGE
48
TENURE
1.5 yrs

Ville Lehtonen

TITLE
Chief Financial Officer
AGE
37
TENURE
1.5 yrs

Taina Erkkilä

TITLE
Head of Communications & IR
TENURE
0.4 yrs

Marko Savolainen

TITLE
General Counsel
AGE
51
TENURE
0.5 yrs

Pauli Waroma

TITLE
Head of Marketing & Communications
AGE
40
TENURE
0.5 yrs

Stefan Wentjärvi

TITLE
Head of Sales & Head of Business Operations - Northern Finland
AGE
51
TENURE
0.8 yrs

Elina Heliö

TITLE
Head of Human Resources
AGE
46
TENURE
0.1 yrs

Minna Elomaa

TITLE
Head of Business Operations
AGE
49
TENURE
2.4 yrs

Tero Järvinen

TITLE
Head of Business Operations
AGE
46
TENURE
1.3 yrs

Teija Kulmala

TITLE
Head of Business Operations
AGE
49
TENURE
1.3 yrs
Board of Directors Tenure

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

0.2
Average Tenure
55
Average Age
  • 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

TITLE
Chairman of the Board
COMPENSATION
€259K
AGE
46
TENURE
2.8 yrs

Leena Niemistö

TITLE
Vice-Chairman
COMPENSATION
€44K
AGE
55
TENURE
0.2 yrs

Seija Turunen

TITLE
Independent Director
COMPENSATION
€38K
AGE
65
TENURE
3.4 yrs

Kati Sulin

TITLE
Independent Director
COMPENSATION
€29K
AGE
44
TENURE
1.2 yrs

Matti Jaakola

TITLE
Independent Director
AGE
63
TENURE
0.2 yrs

Hannu Juvonen

TITLE
Independent Director
AGE
63
TENURE
0.2 yrs

Mika Manninen

TITLE
Independent Director
AGE
43
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Pihlajalinna 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. 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 -

What 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 -

Pihlajalinna 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 -

What 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 -

Did 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 -

Pihlajalinna 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 -

Should 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 -

Pihlajalinna 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 -

What 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 -

Pihlajalinna 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 -

PIHLIS 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
€247,464,276
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
Staff numbers
5,871
Pihlajalinna Oyj employees.
Industry
Health Care Services
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:03
End of day share price update: 2019/06/18 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.