Tikkurila Oyj
Market Cap
€605.1m
Last Updated
2019/11/14 21:13 UTC
Data Sources
Company Financials +
Executive Summary
Tikkurila Oyj, a paint company, produces and sells a range of decorative paints for surface protection and decoration to consumers and professionals in Sweden, Russia, Finland, Poland, the Baltic countries, and internationally.
Snowflake
Fundamentals
Adequate balance sheet with proven track record.
Similar Companies
Share Price & News
How has Tikkurila Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TIK1V has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.4%
TIK1V
-1.2%
FI Chemicals
-1.3%
FI Market
1 Year Return
14.5%
TIK1V
5.5%
FI Chemicals
6.1%
FI Market
Return vs Industry: TIK1V exceeded the Finnish Chemicals industry which returned 5.5% over the past year.
Return vs Market: TIK1V exceeded the Finnish Market which returned 6.1% over the past year.
Shareholder returns
| TIK1V | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | -1.2% | -1.3% |
| 30 Day | 10.1% | 2.7% | 1.1% |
| 90 Day | 5.2% | 12.1% | 5.4% |
| 1 Year | 17.3%14.5% | 9.6%5.5% | 11.1%6.1% |
| 3 Year | -9.0%-19.5% | 26.6%15.1% | 34.0%17.9% |
| 5 Year | 13.1%-9.4% | 49.9%27.8% | 57.9%27.4% |
Price Volatility Vs. Market
How volatile is Tikkurila Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did Changing Sentiment Drive Tikkurila Oyj's (HEL:TIK1V) Share Price Down By 18%?3 weeks ago | Simply Wall St
Do These 3 Checks Before Buying Tikkurila Oyj (HEL:TIK1V) For Its Upcoming Dividend4 weeks ago | Simply Wall St
Does Tikkurila Oyj (HEL:TIK1V) Have A Volatile Share Price?Valuation
Is Tikkurila Oyj undervalued compared to its fair value and its price relative to the market?
24.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TIK1V (€13.72) is trading above our estimate of fair value (€13.4)
Significantly Below Fair Value: TIK1V is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TIK1V is poor value based on its PE Ratio (24.4x) compared to the Chemicals industry average (18.3x).
PE vs Market: TIK1V is poor value based on its PE Ratio (24.4x) compared to the Finnish market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: TIK1V is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: TIK1V is overvalued based on its PB Ratio (3.8x) compared to the XE Chemicals industry average (1.6x).
Next Steps
Future Growth
How is Tikkurila Oyj forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TIK1V's forecast earnings growth (12.1% per year) is above the savings rate (0.5%).
Earnings vs Market: TIK1V's earnings (12.1% per year) are forecast to grow slower than the Finnish market (13.9% per year).
High Growth Earnings: TIK1V's earnings are forecast to grow, but not significantly.
Revenue vs Market: TIK1V's revenue (2.2% per year) is forecast to grow faster than the Finnish market (1.5% per year).
High Growth Revenue: TIK1V's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TIK1V's Return on Equity is forecast to be high in 3 years time (21.2%)
Next Steps
Past Performance
How has Tikkurila Oyj performed over the past 5 years?
-29.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TIK1V has high quality earnings.
Growing Profit Margin: TIK1V's current net profit margins (4.4%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: TIK1V's earnings have declined by -29% per year over the past 5 years.
Accelerating Growth: TIK1V's earnings growth over the past year (323.6%) exceeds its 5-year average (-29% per year).
Earnings vs Industry: TIK1V earnings growth over the past year (323.6%) exceeded the Chemicals industry -3.5%.
Return on Equity
High ROE: TIK1V's Return on Equity (15.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tikkurila Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: TIK1V's short term assets (€327.9M) exceeds its short term liabilities (€269.6M)
Long Term Liabilities: TIK1V's short term assets (327.9M) exceeds its long term liabilities (99.6M)
Debt to Equity History and Analysis
Debt Level: TIK1V's debt to equity ratio (101%) is considered high
Reducing Debt: TIK1V's debt to equity ratio has increased from 57.3% to 101% over the past 5 years.
Debt Coverage: TIK1V's debt is well covered by operating cash flow (40.9%).
Interest Coverage: TIK1V's interest payments on its debt are well covered by EBIT (53.2x coverage).
Balance Sheet
Inventory Level: TIK1V has a high level of physical assets or inventory.
Debt Coverage by Assets: TIK1V's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is Tikkurila Oyj's current dividend yield, its reliability and sustainability?
2.41%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TIK1V's dividend (2.41%) is higher than the bottom 25% of dividend payers in the Finnish market (2.23%).
High Dividend: TIK1V's dividend (2.41%) is low compared to the top 25% of dividend payers in the Finnish market (4.77%).
Stability and Growth of Payments
Stable Dividend: TIK1V has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TIK1V has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.7%), TIK1V's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TIK1V's dividends in 3 years are forecast to be covered by earnings (75.8% payout ratio).
Next Steps
Management
What is the CEO of Tikkurila Oyj's salary, the management and board of directors tenure and is there insider trading?
1.4yrs
Average management tenure
CEO
Elisa Markula (53yo)
1.6yrs
Tenure
€557,540
Compensation
Ms. Elisa Markula has serves as President and Chief Executive Officer at Tikkurila Oyj since April 12, 2018. She serves as Senior Vice President and Managing Director of Coffee at Paulig Oy since 2010. Ms. ...
CEO Compensation Analysis
Compensation vs Market: Elisa's total compensation ($USD613.96K) is about average for companies of similar size in the Finnish market ($USD551.30K).
Compensation vs Earnings: Insufficient data to compare Elisa's compensation with company performance.
Management Age and Tenure
1.4yrs
Average Tenure
45.5yo
Average Age
Experienced Management: TIK1V's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Age and Tenure
5.1yrs
Average Tenure
58yo
Average Age
Experienced Board: TIK1V's board of directors are considered experienced (5.1 years average tenure).
Insider Trading
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.
Management Team
Elisa Markula (53yo)
President & CEO
- Tenure: 1.6yrs
- Compensation: €557.54k
Aleksander Truszczynski
Head of Business Unit - Poland
- Tenure: 5.8yrs
Meri Vainikka (48yo)
Senior VP of Offering & Member of Management Board
- Tenure: 2.5yrs
Tapio Pesola (38yo)
Director of IR & Communications
- Tenure: 0.5yrs
Melisa Bärholm (52yo)
Senior VP of Human Resources & Member of Management Board
- Tenure: 2.5yrs
Oskari Vidman (43yo)
Senior VP of Sales & Member of Management Board
- Tenure: 0.3yrs
Fredrik Linde (48yo)
Senior VP of Operations & Member of Management Board
- Tenure: 1.4yrs
Anders Rotkirch (39yo)
Senior Vice President of Transformation & ICT
- Tenure: 0.8yrs
Markus Melkko (43yo)
CFO, Controller & Member of Management Board
- Tenure: 0.6yrs
Sanna Lehti
General Counsel
- Tenure: 0yrs
Board Members
Petteri Walldén (71yo)
Independent Vice Chairman of the Board
- Tenure: 9.8yrs
Jari Paasikivi (65yo)
Chairman
- Tenure: 9.8yrs
Lars Lindfors (55yo)
Independent Director
- Tenure: 0.6yrs
Riitta Mynttinen (59yo)
Independent Director
- Tenure: 8.7yrs
Heikki Westerlund (53yo)
Independent Director
- Tenure: 1.6yrs
Catherine Sahlgren (57yo)
Independent Director
- Tenure: 1.6yrs
Company Information
Tikkurila Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tikkurila Oyj
- Ticker: TIK1V
- Exchange: HLSE
- Founded: 1862
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: €605.131m
- Shares outstanding: 44.11m
- Website: https://www.tikkurilagroup.com
Number of Employees
Location
- Tikkurila Oyj
- Heidehofintie 2
- PO Box 53
- Vantaa
- Uusimaa
- 1300
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0MFI | LSE (London Stock Exchange) | Yes | Registered Shares | GB | EUR | Mar 2010 |
| TIK1V | HLSE (OMX Nordic Exchange Helsinki) | Yes | Registered Shares | FI | EUR | Mar 2010 |
| 7TO | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Mar 2010 |
| TIK1VH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Registered Shares | GB | EUR | Mar 2010 |
Biography
Tikkurila Oyj, a paint company, produces and sells a range of decorative paints for surface protection and decoration to consumers and professionals in Sweden, Russia, Finland, Poland, the Baltic countries ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/14 21:13 |
| End of Day Share Price | 2019/11/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.