HLSE:TIK1V

Stock Analysis Report

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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 Russia, Sweden, Finland, Poland, and internationally. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.


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 is more volatile than 90% of Finnish stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: TIK1V's weekly volatility has increased from 11% to 20% over the past year.


Market Performance


7 Day Return

0%

TIK1V

1.7%

FI Chemicals

-1.4%

FI Market


1 Year Return

163.2%

TIK1V

38.0%

FI Chemicals

29.3%

FI Market

Return vs Industry: TIK1V exceeded the Finnish Chemicals industry which returned 26% over the past year.

Return vs Market: TIK1V exceeded the Finnish Market which returned 18.5% over the past year.


Shareholder returns

TIK1VIndustryMarket
7 Day0%1.7%-1.4%
30 Day-1.3%1.2%-1.4%
90 Day137.0%7.2%3.1%
1 Year173.2%163.2%42.4%38.0%38.8%29.3%
3 Year135.2%108.9%21.0%9.3%31.2%8.2%
5 Year164.4%113.7%67.0%41.9%72.1%34.0%

Long-Term 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

Valuation

Is Tikkurila Oyj undervalued compared to its fair value and its price relative to the market?

34.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIK1V (€33.8) is trading above our estimate of fair value (€18.99)

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 (34.6x) compared to the XE Chemicals industry average (24x).

PE vs Market: TIK1V is poor value based on its PE Ratio (34.6x) compared to the Finnish market (27.7x).


Price to Earnings Growth Ratio

PEG Ratio: TIK1V is poor value based on its PEG Ratio (7.5x)


Price to Book Ratio

PB vs Industry: TIK1V is overvalued based on its PB Ratio (8.2x) compared to the XE Chemicals industry average (2.2x).


Next Steps

Future Growth

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

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TIK1V's forecast earnings growth (4.6% per year) is above the savings rate (0.3%).

Earnings vs Market: TIK1V's earnings (4.6% per year) are forecast to grow slower than the Finnish market (19.5% per year).

High Growth Earnings: TIK1V's earnings are forecast to grow, but not significantly.

Revenue vs Market: TIK1V's revenue (1.6% per year) is forecast to grow slower than the Finnish market (3.8% per year).

High Growth Revenue: TIK1V's revenue (1.6% 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 (22.1%)


Next Steps

Past Performance

How has Tikkurila Oyj performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIK1V has high quality earnings.

Growing Profit Margin: TIK1V's current net profit margins (7.4%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: TIK1V's earnings have declined by 0.9% per year over the past 5 years.

Accelerating Growth: TIK1V's earnings growth over the past year (29.7%) exceeds its 5-year average (-0.9% per year).

Earnings vs Industry: TIK1V earnings growth over the past year (29.7%) exceeded the Chemicals industry -9.9%.


Return on Equity

High ROE: TIK1V's Return on Equity (23.8%) is considered high.


Next Steps

Financial Health

How is Tikkurila Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: TIK1V's short term assets (€264.6M) exceed its short term liabilities (€154.7M).

Long Term Liabilities: TIK1V's short term assets (€264.6M) exceed its long term liabilities (€105.6M).


Debt to Equity History and Analysis

Debt Level: TIK1V's debt to equity ratio (47.8%) is considered high.

Reducing Debt: TIK1V's debt to equity ratio has increased from 32% to 47.8% over the past 5 years.

Debt Coverage: TIK1V's debt is well covered by operating cash flow (112.5%).

Interest Coverage: TIK1V's interest payments on its debt are well covered by EBIT (44.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Tikkurila Oyj current dividend yield, its reliability and sustainability?

1.60%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TIK1V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TIK1V'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 TIK1V's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TIK1V's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TIK1V is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TIK1V'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?

2.5yrs

Average management tenure


CEO

Elisa Markula (54 yo)

2.92yrs

Tenure

€777,000

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 ($USD921.60K) is about average for companies of similar size in the Finnish market ($USD935.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Elisa Markula
President & CEO2.92yrs€777.00k0.015%
€ 229.9k
Markus Melkko
CFO & Controller1.92yrsno data0.0050%
€ 74.4k
Fredrik Linde
Senior Vice President of Operations2.75yrsno data0.0027%
€ 40.5k
Tapio Pesola
Director of IR & Communications1.83yrsno datano data
Sanna Lehti
General Counselno datano datano data
Melisa Bärholm
Senior Vice President of Human Resources3.83yrsno data0.0086%
€ 128.5k
Aleksander Truszczynski
Head of Business Unit - Poland7.08yrsno datano data
Meri Vainikka
Senior Vice President of Offering3.83yrsno data0.0091%
€ 135.2k
Anders Rotkirch
Senior Vice President of Transformation & ICT2.17yrsno data0.0020%
€ 30.4k
Oskari Vidman
Senior Vice President of Sales West Division1.17yrsno data0.0023%
€ 34.4k
Roman Ivashko
Senior Vice President of Sales for East Division0.50yrno datano data

2.5yrs

Average Tenure

47yo

Average Age

Experienced Management: TIK1V's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Heikki Westerlund
Independent Director2.92yrs€51.00k0.0069%
€ 102.3k
Petteri Walldén
Independent Vice Chairman of the Board11.17yrs€48.00k0.028%
€ 410.3k
Jari Paasikivi
Chairman of the Board11.17yrs€72.00k0.19%
€ 2.8m
Lars Lindfors
Independent Director1.92yrs€40.00k0.0039%
€ 58.7k
Riitta Mynttinen
Independent Director10yrs€51.00k0.018%
€ 265.4k
Catherine Sahlgren
Independent Director2.92yrs€39.00k0.0059%
€ 87.7k
Andrey Pantyukhov
Independent Director0.75yrno data0.0020%
€ 30.3k

2.9yrs

Average Tenure

58yo

Average Age

Experienced Board: TIK1V's board of directors are not considered experienced ( 2.9 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

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: €1.491b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0MFILSE (London Stock Exchange)YesRegistered SharesGBEURMar 2010
TIK1VHLSE (OMX Nordic Exchange Helsinki)YesRegistered SharesFIEURMar 2010
7TODB (Deutsche Boerse AG)YesRegistered SharesDEEURMar 2010
TIK1VHBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURMar 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 Russia, Sweden, Finland, Poland, and internationally....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 19:59
End of Day Share Price2021/03/08 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.