HLSE:AM1

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Ahlstrom-Munksjö Oyj

Market Cap

€2.1b

Last Updated

2021/06/23 19:15 UTC

Data Sources

Company Financials +

Executive Summary

Ahlstrom-Munksjö Oyj manufactures and sells fiber-based materials, and supplies sustainable solutions worldwide. More Details


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AM1 is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: AM1's weekly volatility (0%) has been stable over the past year.


Market Performance


7 Day Return

0%

AM1

-2.3%

FI Forestry

-0.7%

FI Market


1 Year Return

31.0%

AM1

27.6%

FI Forestry

30.8%

FI Market

Return vs Industry: AM1 exceeded the Finnish Forestry industry which returned 26.4% over the past year.

Return vs Market: AM1 matched the Finnish Market which returned 31.7% over the past year.


Shareholder returns

AM1IndustryMarket
7 Day0%-2.3%-0.7%
30 Day0.3%-2.6%1.2%
90 Day0.7%-5.3%6.1%
1 Year34.3%31.0%32.1%27.6%36.9%30.8%
3 Year34.5%14.9%9.8%-1.2%40.3%18.9%
5 Year136.2%90.2%125.4%32.4%88.9%51.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ahlstrom-Munksjö Oyj undervalued compared to its fair value and its price relative to the market?

22.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AM1 (€17.9) is trading above our estimate of fair value (€16.3)

Significantly Below Fair Value: AM1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AM1 is poor value based on its PE Ratio (22.9x) compared to the European Forestry industry average (19.3x).

PE vs Market: AM1 is good value based on its PE Ratio (22.9x) compared to the Finnish market (25.1x).


Price to Earnings Growth Ratio

PEG Ratio: AM1 is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: AM1 is overvalued based on its PB Ratio (1.8x) compared to the XE Forestry industry average (1.3x).


Future Growth

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

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AM1's forecast earnings growth (15.6% per year) is above the savings rate (0.2%).

Earnings vs Market: AM1's earnings (15.6% per year) are forecast to grow faster than the Finnish market (11.4% per year).

High Growth Earnings: AM1's earnings are forecast to grow, but not significantly.

Revenue vs Market: AM1's revenue (3.2% per year) is forecast to grow slower than the Finnish market (3.5% per year).

High Growth Revenue: AM1's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AM1's Return on Equity is forecast to be low in 3 years time (9.4%).


Past Performance

How has Ahlstrom-Munksjö Oyj performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AM1 has a large one-off gain of €23.1M impacting its December 31 2020 financial results.

Growing Profit Margin: AM1's current net profit margins (3.4%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: AM1's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: AM1's earnings growth over the past year (181.2%) exceeds its 5-year average (12.3% per year).

Earnings vs Industry: AM1 earnings growth over the past year (181.2%) exceeded the Forestry industry -14.5%.


Return on Equity

High ROE: AM1's Return on Equity (8%) is considered low.


Financial Health

How is Ahlstrom-Munksjö Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: AM1's short term assets (€951.4M) exceed its short term liabilities (€894.8M).

Long Term Liabilities: AM1's short term assets (€951.4M) do not cover its long term liabilities (€1.0B).


Debt to Equity History and Analysis

Debt Level: AM1's debt to equity ratio (83.9%) is considered high.

Reducing Debt: AM1's debt to equity ratio has increased from 81.6% to 83.9% over the past 5 years.

Debt Coverage: AM1's debt is well covered by operating cash flow (25.7%).

Interest Coverage: AM1's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Dividend

What is Ahlstrom-Munksjö Oyj current dividend yield, its reliability and sustainability?

2.96%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AM1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AM1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AM1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AM1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AM1 is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AM1's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Hans Sohlström (56 yo)

3.17yrs

Tenure

€870,000

Compensation

Mr. Hans Sohlström, M.Sc. (Tech.), M. Sc. (Econ.), has been an Independent Director at Stora Enso Oyj since March 19, 2021. He has been the President and Chief Executive Officer of Ahlstrom-Munksjö Oyj sin...


CEO Compensation Analysis

Compensation vs Market: Hans's total compensation ($USD1.04M) is below average for companies of similar size in the Finnish market ($USD1.95M).

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


Leadership Team

Experienced Management: AM1's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: AM1's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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

Ahlstrom-Munksjö Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ahlstrom-Munksjö Oyj
  • Ticker: AM1
  • Exchange: HLSE
  • Founded: 1862
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: €2.058b
  • Shares outstanding: 114.99m
  • Website: https://www.ahlstrom-munksjo.com

Number of Employees


Location

  • Ahlstrom-Munksjö Oyj
  • Alvar Aallon katu 3 C
  • PO Box 329
  • Helsinki
  • Uusimaa
  • 101
  • Finland

Listings


Biography

Ahlstrom-Munksjö Oyj manufactures and sells fiber-based materials, and supplies sustainable solutions worldwide. It operates through five segments: Decor, Filtration and Performance, Industrial Solutions, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 19:15
End of Day Share Price2021/06/21 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.