HLSE:AM1

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Ahlstrom-Munksjö Oyj

Executive Summary

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


Snowflake Analysis

Proven track record with moderate growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.4%

AM1

-3.1%

FI Forestry

-1.5%

FI Market


1 Year Return

25.8%

AM1

1.8%

FI Forestry

3.8%

FI Market

Return vs Industry: AM1 exceeded the Finnish Forestry industry which returned 2.2% over the past year.

Return vs Market: AM1 exceeded the Finnish Market which returned 5.6% over the past year.


Shareholder returns

AM1IndustryMarket
7 Day-0.4%-3.1%-1.5%
30 Day22.7%1.5%3.5%
90 Day23.8%9.1%6.6%
1 Year29.4%25.8%4.8%1.8%12.3%3.8%
3 Year21.7%3.1%13.7%1.7%20.9%0.1%
5 Year151.5%97.3%79.3%8.8%59.8%25.7%

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?

30.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AM1 (€17.82) is trading above our estimate of fair value (€15.68)

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 (30.1x) compared to the XE Forestry industry average (12.2x).

PE vs Market: AM1 is poor value based on its PE Ratio (30.1x) compared to the Finnish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: AM1 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: AM1 is overvalued based on its PB Ratio (1.7x) compared to the XE Forestry industry average (1x).


Next Steps

Future Growth

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

22.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AM1's forecast earnings growth (22.1% per year) is above the savings rate (0.4%).

Earnings vs Market: AM1's earnings (22.1% per year) are forecast to grow faster than the Finnish market (14.7% per year).

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

Revenue vs Market: AM1's revenue (2.9% per year) is forecast to grow slower than the Finnish market (4.3% per year).

High Growth Revenue: AM1's revenue (2.9% 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 (10.4%).


Next Steps

Past Performance

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

13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AM1 has a large one-off gain of €24.4M impacting its June 30 2020 financial results.

Growing Profit Margin: AM1's current net profit margins (2.5%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: AM1's earnings have grown by 13.5% per year over the past 5 years.

Accelerating Growth: AM1's earnings growth over the past year (293.8%) exceeds its 5-year average (13.5% per year).

Earnings vs Industry: AM1 earnings growth over the past year (293.8%) exceeded the Forestry industry -30.7%.


Return on Equity

High ROE: AM1's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is Ahlstrom-Munksjö Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: AM1's short term assets (€977.6M) exceed its short term liabilities (€850.7M).

Long Term Liabilities: AM1's short term assets (€977.6M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: AM1's debt to equity ratio (91.6%) is considered high.

Reducing Debt: AM1's debt to equity ratio has increased from 75% to 91.6% over the past 5 years.

Debt Coverage: AM1's debt is not well covered by operating cash flow (19.8%).

Interest Coverage: AM1's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

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

2.92%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: AM1's dividend (2.92%) is higher than the bottom 25% of dividend payers in the Finnish market (1.97%).

High Dividend: AM1's dividend (2.92%) is low compared to the top 25% of dividend payers in the Finnish market (4.55%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AM1 has been paying a dividend for less than 10 years.

Growing Dividend: AM1's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.8%), AM1's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AM1's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Hans Sohlström (56 yo)

2.5yrs

Tenure

€870,000

Compensation

Mr. Hans Sohlström, M.Sc. (Tech.), M. Sc. (Econ.), has been the President and Chief Executive Officer of Ahlstrom-Munksjö Oyj since April 16, 2018. Mr. Sohlstrom was the President and Chief Executive Offic ...


CEO Compensation Analysis

Compensation vs Market: Hans's total compensation ($USD1.03M) is below average for companies of similar size in the Finnish market ($USD1.62M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hans Sohlström
CEO & President2.5yrs€870.00k0.051%
€ 1.0m
Sakari Ahdekivi
Deputy CEO1.58yrsno data0.0046%
€ 95.3k
Johan Lindh
Vice President of Communications & Investor Relationsno datano datano data
Andreas Elving
Executive VP of Legal & General Counselno datano data0.0060%
€ 123.4k
Tarja Takko
Executive Vice President of People & Safety1.33yrsno data0.0054%
€ 111.5k
Anna Bergquist
Executive Vice-President of Strategy0.75yrno datano data
Dan Adrianzon
Executive Vice President of Business Area Industrial Solutions1.33yrsno data0.0033%
€ 67.2k
Daniele Borlatto
Executive Vice President of Business Area Filtration & Performanceno datano data0.021%
€ 435.0k
Anders Hilderman
Senior Vice President of Sustainability5.08yrsno datano data
Tomas Wulkan
Executive Vice President of Business Area Decor Solutions2.75yrsno datano data
Markus Westerkamp
Executive VP of Advanced Solutions Business Area0.75yrno datano data
Robyn Buss
Executive Vice President of Business Area Food Packaging & Technical Solutions1yrno data0.038%
€ 780.9k

1.3yrs

Average Tenure

55yo

Average Age

Experienced Management: AM1's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Valerie Mars
Independent Director2.58yrsno data0.013%
€ 261.7k
Johannes Gullichsen
Independent Director3.5yrs€69.00k1.38%
€ 28.3m
Elisabet Björklund
Independent Vice Chairman of the Board3.92yrs€102.00k0.0044%
€ 89.8k
Alexander Ehrnrooth
Board Member6.75yrs€75.00k0.0010%
€ 21.3k
Jaakko Eskola
Independent Chairman of the Board0.58yr€53.00kno data
Lasse Heinonen
Director2.08yrs€69.00kno data
Harri-Pekka Kaukonen
Independent Director3.5yrs€71.00k0.0042%
€ 86.7k
Hannele Jakosuo-Jansson
Independent Director7.75yrs€73.00k0.0031%
€ 64.1k
Nathalie Ahlstrom
Independent Director0.58yrno datano data

3.5yrs

Average Tenure

56yo

Average Age

Experienced Board: AM1's board of directors are considered experienced (3.5 years average tenure).


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: €2.049b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AM1HLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURJun 2013
0QEQLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2013
AM1SOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJun 2013
AM1HBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2013
AM1SSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKJun 2013
M9ODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2013
AM1 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2013

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 Analysis2020/10/21 21:36
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.