HLSE:TTALO

Stock Analysis Report

Executive Summary

Terveystalo Oyj provides healthcare services in Finland.

Snowflake

Fundamentals

Proven track record with limited growth.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

HLSE:TTALO

1.0%

FI Healthcare

-1.3%

FI Market


1 Year Return

-5.2%

HLSE:TTALO

-23.3%

FI Healthcare

-6.3%

FI Market

TTALO outperformed the Healthcare industry which returned -23.3% over the past year.

TTALO outperformed the Market in Finland which returned -6.3% over the past year.


Share holder returns

TTALOIndustryMarket
7 Day-0.7%1.0%-1.3%
30 Day-1.9%-3.3%-2.0%
90 Day-4.2%-5.2%-2.3%
1 Year-3.2%-5.2%-21.9%-23.3%-2.1%-6.3%
3 Yearn/a-14.8%-18.2%25.7%11.2%
5 Yearn/a39.8%30.6%51.7%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Terveystalo Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Terveystalo Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Terveystalo Oyj is good value based on earnings compared to the Europe Healthcare industry average.

Terveystalo Oyj is overvalued based on earnings compared to the Finland market.


Price Based on Expected Growth

Terveystalo Oyj is poor value based on expected growth next year.


Price Based on Value of Assets

Terveystalo Oyj is overvalued based on assets compared to the Europe Healthcare industry average.


Next Steps

Future Growth

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

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Terveystalo Oyj's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).

Terveystalo Oyj's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).

Terveystalo Oyj's revenue growth is expected to exceed the Finland market average.

Terveystalo Oyj's earnings growth is positive but not above the Finland market average.

Terveystalo Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Terveystalo Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Terveystalo Oyj performed over the past 5 years?

78.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Terveystalo Oyj has delivered over 20% year on year earnings growth in the past 5 years.

Terveystalo Oyj's 1-year earnings growth is less than its 5-year average (28.5% vs 78.5%)

Terveystalo Oyj's earnings growth has exceeded the Europe Healthcare industry average in the past year (28.5% vs 4.4%).


Return on Equity

Terveystalo Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Terveystalo Oyj used its assets more efficiently than the Europe Healthcare industry average last year based on Return on Assets.


Return on Capital Employed

Terveystalo Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Terveystalo Oyj's financial position?


Financial Position Analysis

Terveystalo Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Terveystalo Oyj's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Terveystalo Oyj's level of debt (84.4%) compared to net worth is high (greater than 40%).

Unable to establish if Terveystalo Oyj's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (34.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

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

3.30%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Terveystalo Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.42%).

Terveystalo Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.3%).

It is too early to tell whether Terveystalo Oyj has stable dividend payments.

Terveystalo Oyj only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Yrjö Närhinen (50yo)

9.6yrs

Tenure

0

Mr. Yrjö Närhinen has been the Chief Executive Officer of Terveystalo Oyj since 2010. Mr. Narhinen serves as Managing Director of Hartwall Ltd, SCOY Holding Oy, Gillette Group Finland Oy, Helepark Oy and L ...


Management Age and Tenure

3.6yrs

Average Tenure

49yo

Average Age

The tenure for the Terveystalo Oyj management team is about average.


Board Age and Tenure

1.3yrs

Average Tenure

54yo

Average Age

The average tenure for the Terveystalo Oyj board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Johanna Karppi (51yo)

    Senior Vice President of HR

    • Tenure: 12.6yrs
  • Julia Ormio (49yo)

    Senior Vice President of Legal

    • Tenure: 0.7yrs
  • Susanna Kinnari (52yo)

    Senior Vice President of Communications

    • Tenure: 4.6yrs
  • Ilkka Laurila (42yo)

    Chief Financial Officer

    • Tenure: 4.6yrs
  • Yrjö Närhinen (50yo)

    Chief Executive Officer

    • Tenure: 9.6yrs
  • Jens Jensen (46yo)

    Senior Vice President of Commercial

    • Tenure: 3.6yrs
  • Juha Juosila (47yo)

    Chief Digital Officer

    • Tenure: 3.6yrs
  • Laura Räty (42yo)

    Senior Vice President of Public Partnerships

    • Tenure: 3.6yrs
  • Siina Saksi (53yo)

    Chief Operating Officer of Clinic Network

    • Tenure: 3.6yrs
  • Kati Kaksonen

    Director of Investor Relations & Financial Communications

    • Tenure: 0.0yrs

Board Members

  • Åse Michelet (67yo)

    Director

    • Tenure: 3.6yrs
  • Kari Kauniskangas (57yo)

    Chairman of the Board

    • Tenure: 0.3yrs
  • Lasse Heinonen (51yo)

    Director

    • Tenure: 0.0yrs
  • Dag Andresson (58yo)

    Director

    • Tenure: 0.3yrs
  • Tom Von Rettig (39yo)

    Vice-Chairman of the Board

    • Tenure: 1.3yrs
  • Paul Hartwall (38yo)

    Director

    • Tenure: 0.3yrs
  • Olli Holmström (59yo)

    Director

    • Tenure: 2.6yrs
  • Katri Viippola (43yo)

    Director

    • Tenure: 1.3yrs

Company Information

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


Key Information

  • Name: Terveystalo Oyj
  • Ticker: TTALO
  • Exchange: HLSE
  • Founded:
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: €1.110b
  • Shares outstanding: 127.31m
  • Website: https://www.terveystalo.com

Number of Employees


Location

  • Terveystalo Oyj
  • Jaakonkatu 3 B
  • 3rd Floor
  • Helsinki
  • Uusimaa
  • 100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTALOHLSE (OMX Nordic Exchange Helsinki)YesCommon SharesFIEUROct 2017
4TSDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2017
0RV1LSE (London Stock Exchange)YesCommon SharesGBEUROct 2017
TTAL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2017
TTALOHBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEUROct 2017

Biography

Terveystalo Oyj provides healthcare services in Finland. The company offers versatile and occupational healthcare, and medical and examination services; and laboratory, imaging, and other diagnosis service ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 22:05
End of Day Share Price2019/08/21 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.