Tikkurila Oyj
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. The last earnings update was 30 days ago. More info.
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TIK1V Share Price and Events
7 Day Returns
1 Year Returns
TIK1V Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tikkurila Oyj (TIK1V) | 1.3% | 6.9% | 15.1% | 1.7% | 1.2% | -13.9% |
| Europe Chemicals | -1.2% | 5.5% | 10.5% | -1.5% | 21.2% | 24.1% |
| FI Market | 0.8% | 2.4% | 4.5% | 3% | 27.3% | 37.6% |
1 Year Return vs Industry and Market
- TIK1V outperformed the Chemicals industry which returned -1.5% over the past year.
- TIK1V underperformed the Market in Finland which returned 3% over the past year.
Price Volatility
Related Companies
TIK1V Value
Is Tikkurila Oyj undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tikkurila Oyj
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tikkurila Oyj.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.3% |
| Perpetual Growth Rate | 10-Year FI Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FI Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6.5% |
| Chemicals Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 20%) (17.81%)) |
1.041 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.04 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.041 * 6.51%) |
7.31% |
Discounted Cash Flow Calculation for HLSE:TIK1V using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tikkurila Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.31%) |
|
|---|---|---|---|
| 2019 | 39.00 | Analyst x1 | 36.34 |
| 2020 | 40.00 | Analyst x3 | 34.73 |
| 2021 | 38.77 | Analyst x3 | 31.37 |
| 2022 | 40.60 | Analyst x2 | 30.61 |
| 2023 | 39.50 | Analyst x1 | 27.75 |
| 2024 | 38.80 | Est @ -1.76% | 25.40 |
| 2025 | 38.39 | Est @ -1.07% | 23.42 |
| 2026 | 38.16 | Est @ -0.59% | 21.69 |
| 2027 | 38.07 | Est @ -0.25% | 20.17 |
| 2028 | 38.06 | Est @ -0.01% | 18.79 |
| Present value of next 10 years cash flows | €270.28 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €38.06 × (1 + 0.54%) ÷ (7.31% – 0.54%) |
€564.85 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €564.85 ÷ (1 + 7.31%)10 |
€278.83 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €270.28 + €278.83 |
€549.11 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €549.11 / 44.11 |
€12.45 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €12.45 |
| Current discount | Discount to share price of
€15.40
= -1 x (€15.40 - €12.45) / €12.45 |
-23.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Tikkurila Oyj is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tikkurila Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tikkurila Oyj's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €0.33 |
| HLSE:TIK1V Share Price ** | HLSE (2019-04-25) in EUR | €15.4 |
| Europe Chemicals Industry PE Ratio | Median Figure of 93 Publicly-Listed Chemicals Companies | 18.55x |
| Finland Market PE Ratio | Median Figure of 108 Publicly-Listed Companies | 19.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tikkurila Oyj.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = HLSE:TIK1V Share Price ÷ EPS (both in EUR) = 15.4 ÷ 0.33 |
46.57x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tikkurila Oyj is overvalued based on earnings compared to the Europe Chemicals industry average.
- Tikkurila Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does
Tikkurila Oyj's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 46.57x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
17.7%per year |
| Europe Chemicals Industry PEG Ratio | Median Figure of 61 Publicly-Listed Chemicals Companies | 1.89x |
| Finland Market PEG Ratio | Median Figure of 91 Publicly-Listed Companies | 1.66x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 46.57x ÷ 17.7% |
2.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tikkurila Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Tikkurila Oyj's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €3.40 |
| HLSE:TIK1V Share Price * | HLSE (2019-04-25) in EUR | €15.4 |
| Europe Chemicals Industry PB Ratio | Median Figure of 138 Publicly-Listed Chemicals Companies | 1.78x |
| Finland Market PB Ratio | Median Figure of 142 Publicly-Listed Companies | 2.01x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = HLSE:TIK1V Share Price ÷ Book Value per Share (both in EUR) = 15.4 ÷ 3.40 |
4.52x |
* Primary Listing of Tikkurila Oyj.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tikkurila Oyj is overvalued based on assets compared to the Europe Chemicals industry average.
Value checks
We assess Tikkurila Oyj's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) Tikkurila Oyj has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TIK1V Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Tikkurila Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Tikkurila Oyj's earnings growth is expected to exceed the Finland market average.
- Tikkurila Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| HLSE:TIK1V Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 17.7% |
| HLSE:TIK1V Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 2% |
| Europe Chemicals Industry Earnings Growth Rate | Market Cap Weighted Average | 9.9% |
| Europe Chemicals Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| Finland Market Earnings Growth Rate | Market Cap Weighted Average | 15.4% |
| Finland Market Revenue Growth Rate | Market Cap Weighted Average | 1.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 630 | 64 | 1 | |
| 2022-12-31 | 606 | 64 | 42 | 3 |
| 2021-12-31 | 597 | 62 | 42 | 3 |
| 2020-12-31 | 585 | 61 | 39 | 3 |
| 2019-12-31 | 571 | 59 | 34 | 3 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 562 | 48 | 15 |
| 2018-09-30 | 565 | 39 | 10 |
| 2018-06-30 | 567 | 31 | 6 |
| 2018-03-31 | 575 | 25 | 8 |
| 2017-12-31 | 583 | 18 | 11 |
| 2017-09-30 | 583 | 26 | 20 |
| 2017-06-30 | 583 | 34 | 29 |
| 2017-03-31 | 578 | 38 | 37 |
| 2016-12-31 | 573 | 43 | 44 |
| 2016-09-30 | 546 | 1 | 28 |
| 2016-06-30 | 582 | 15 | 39 |
| 2016-03-31 | 607 | 34 | 45 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Tikkurila Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 0.95 | 0.98 | 0.91 | 2.00 |
| 2021-12-31 | 0.95 | 1.01 | 0.88 | 3.00 |
| 2020-12-31 | 0.88 | 0.91 | 0.83 | 3.00 |
| 2019-12-31 | 0.78 | 0.83 | 0.71 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.33 |
| 2018-09-30 | 0.23 |
| 2018-06-30 | 0.13 |
| 2018-03-31 | 0.19 |
| 2017-12-31 | 0.24 |
| 2017-09-30 | 0.45 |
| 2017-06-30 | 0.65 |
| 2017-03-31 | 0.83 |
| 2016-12-31 | 1.01 |
| 2016-09-30 | 0.64 |
| 2016-06-30 | 0.89 |
| 2016-03-31 | 1.02 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Tikkurila Oyj's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tikkurila Oyj has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TIK1V Past Performance
How has Tikkurila Oyj performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Tikkurila Oyj's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Tikkurila Oyj's 1-year earnings growth exceeds its 5-year average (36.9% vs -28.4%)
- Tikkurila Oyj's earnings growth has exceeded the Europe Chemicals industry average in the past year (36.9% vs 1.8%).
Earnings and Revenue History
All data from Tikkurila Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 562.43 | 14.58 | 108.81 | |
| 2018-09-30 | 564.70 | 10.22 | 114.99 | |
| 2018-06-30 | 566.97 | 5.85 | 121.67 | |
| 2018-03-31 | 575.17 | 8.25 | 121.67 | |
| 2017-12-31 | 583.37 | 10.65 | 121.18 | |
| 2017-09-30 | 583.35 | 19.66 | 119.30 | |
| 2017-06-30 | 583.33 | 28.67 | 117.42 | |
| 2017-03-31 | 578.13 | 36.57 | 117.42 | |
| 2016-12-31 | 572.93 | 44.47 | 117.42 | |
| 2016-09-30 | 545.75 | 28.28 | 176.47 | |
| 2016-06-30 | 582.18 | 39.09 | 117.76 | |
| 2016-03-31 | 606.78 | 45.14 | 117.76 | |
| 2015-12-31 | 585.08 | 41.49 | 117.76 | |
| 2015-09-30 | 586.03 | 44.17 | 118.38 | |
| 2015-06-30 | 597.63 | 52.37 | 118.38 | |
| 2015-03-31 | 611.03 | 54.27 | 118.38 | |
| 2014-12-31 | 619.33 | 48.27 | 118.38 | |
| 2014-09-30 | 630.66 | 51.66 | 121.22 | |
| 2014-06-30 | 640.65 | 51.80 | 121.22 | |
| 2014-03-31 | 656.04 | 50.77 | 121.22 | |
| 2013-12-31 | 652.96 | 50.07 | 121.22 | |
| 2013-09-30 | 657.78 | 50.38 | 124.77 | |
| 2013-06-30 | 659.48 | 48.57 | 124.77 | |
| 2013-03-31 | 660.25 | 47.72 | 124.77 | |
| 2012-12-31 | 670.44 | 40.67 | 124.77 | |
| 2012-09-30 | 668.08 | 40.16 | 128.66 | |
| 2012-06-30 | 668.61 | 39.52 | 128.66 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Tikkurila Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Tikkurila Oyj used its assets less efficiently than the Europe Chemicals industry average last year based on Return on Assets.
- Tikkurila Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Tikkurila Oyj's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tikkurila Oyj has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TIK1V Health
How is Tikkurila Oyj's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tikkurila Oyj's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tikkurila Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tikkurila Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Tikkurila Oyj Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 150.13 | 121.00 | 35.49 |
| 2018-09-30 | 150.13 | 121.00 | 35.49 |
| 2018-06-30 | 150.40 | 190.50 | 33.30 |
| 2018-03-31 | 179.52 | 107.05 | 16.96 |
| 2017-12-31 | 179.52 | 107.05 | 16.96 |
| 2017-09-30 | 179.52 | 107.05 | 16.96 |
| 2017-06-30 | 188.60 | 185.20 | 28.00 |
| 2017-03-31 | 208.59 | 77.20 | 18.53 |
| 2016-12-31 | 208.59 | 77.20 | 18.53 |
| 2016-09-30 | 208.59 | 77.20 | 18.53 |
| 2016-06-30 | 192.40 | 171.00 | 35.90 |
| 2016-03-31 | 194.97 | 62.99 | 16.79 |
| 2015-12-31 | 194.97 | 62.99 | 16.79 |
| 2015-09-30 | 208.30 | 99.20 | 52.40 |
| 2015-06-30 | 198.10 | 126.60 | 24.80 |
| 2015-03-31 | 174.60 | 76.20 | 18.90 |
| 2014-12-31 | 192.66 | 73.14 | 25.78 |
| 2014-09-30 | 217.64 | 92.90 | 46.82 |
| 2014-06-30 | 199.83 | 115.96 | 18.99 |
| 2014-03-31 | 175.74 | 78.86 | 25.04 |
| 2013-12-31 | 208.08 | 77.79 | 29.17 |
| 2013-09-30 | 214.25 | 87.92 | 27.84 |
| 2013-06-30 | 190.28 | 145.74 | 20.18 |
| 2013-03-31 | 206.65 | 106.53 | 12.50 |
| 2012-12-31 | 198.91 | 96.55 | 15.74 |
| 2012-09-30 | 211.53 | 106.28 | 17.21 |
| 2012-06-30 | 184.72 | 169.60 | 14.41 |
- Tikkurila Oyj's level of debt (80.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (37.5% vs 80.6% today).
- Debt is well covered by operating cash flow (39.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 89.1x coverage).
Financial health checks
We assess Tikkurila Oyj's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tikkurila Oyj has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TIK1V Dividends
What is Tikkurila Oyj's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Tikkurila Oyj
shares you are expected to receive
€43
in your first year as a dividend.
Dividend Amount
- Tikkurila Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.24%).
- Tikkurila Oyj's dividend is below the markets top 25% of dividend payers in Finland (4.85%).
Upcoming dividend payment
Purchase Tikkurila Oyj before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Europe Chemicals Industry Average Dividend Yield | Market Cap Weighted Average of 78 Stocks | 3% |
| Finland Market Average Dividend Yield | Market Cap Weighted Average of 101 Stocks | 4.2% |
| Finland Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Finland Bottom 25% Dividend Yield | 25th Percentile | 2.2% |
| Finland Top 25% Dividend Yield | 75th Percentile | 4.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 0.70 | 1.00 |
| 2021-12-31 | 0.72 | 3.00 |
| 2020-12-31 | 0.67 | 3.00 |
| 2019-12-31 | 0.40 | 1.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-12 | 0.330 | 2.283 |
| 2018-02-13 | 0.800 | 5.635 |
| 2017-02-09 | 0.800 | 4.579 |
| 2016-02-09 | 0.800 | 4.715 |
| 2016-02-08 | 0.800 | 5.187 |
| 2015-03-03 | 0.800 | 4.802 |
| 2015-02-10 | 0.800 | 4.645 |
| 2014-02-10 | 0.800 | 4.603 |
| 2013-02-15 | 0.760 | 4.277 |
| 2012-08-02 | 0.730 | 5.000 |
| 2012-02-16 | 0.730 | 5.090 |
| 2011-02-11 | 0.700 | 4.737 |
| 2011-02-10 | 0.700 | 4.370 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tikkurila Oyj has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Tikkurila Oyj has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Tikkurila Oyj's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tikkurila Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tikkurila Oyj has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TIK1V Management
CEO
| AGE | 52 |
| TENURE AS CEO | 1 years |
CEO Bio
Ms. Elisa Markkula 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. Markkula served as the Head of Coffee Division at Paulig Oy/ Managing Director at Oy Gustav Paulig Ab since 2009. Ms. Markkula has been with Paulig Group Since 2009. She is also a member of the Paulig Group Management Team. She has versatile experience in consumer business and branded goods. Prior to Paulig, she has worked at Lego, Snellman, SCA and Fazer, among others. She served as Senior Vice President at Oy Suomen LEGO Ab from 2006 to 2009. She served as Sales Director at Oy Snellman Ab from 2003 to 2006. She served as Key Account Manager and Trade Marketing Manager at Oy SCA Hygiene Products Ab from 2000 to 2003. She served as Product Manager, Feminine Consumer Products at Oy SCA Hygiene Products Ab from 1998 to 2000 and served as its Brand Manager from 1998 to 1999. She served as Area Marketing Manager at Oy Fazer Chocolates Ab from 1993 to 1998. She has been President of European Coffee Federation since 2016. She has been a Director of Olvi Oyj since April 16, 2015. She serves as a Member of the Board at Mainostajien liitto since 2014. She is fluent in Swedish, English, Russian and intermediate in German Languages. She has basic knowledge in Estonian and French Languages. Ms. Markkula holds M Sc in Economics (International Marketing) from Turku School of Economics and Business Administration.
CEO Compensation
- Insufficient data for Elisa to compare compensation growth.
- Insufficient data for Elisa to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team Tenure
Average tenure and age of the Tikkurila Oyj management team in years:
- The average tenure for the Tikkurila Oyj management team is less than 2 years, this suggests a new team.
Management Team
Elisa Markkula
President & CEO
52
1 yrs
Markus Melkko
CFO, Controller & Member of Management Board
42
Meri Vainikka
Senior VP of Offering & Member of Management Board
47
1.9 yrs
Melisa Bärholm
Senior VP of Human Resources & Member of Management Board
51
1.9 yrs
Fredrik Linde
Senior VP of Operations & Member of Management Board
47
0.8 yrs
Minna Avellan
Director of Communications & Investor Relations
Sanna Lehti
General Counsel
Aleksander Truszczynski
Head of Business Unit - Poland
5.2 yrs
Anders Rotkirch
Senior Vice President of Transformation & ICT
38
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Tikkurila Oyj board of directors in years:
- The tenure for the Tikkurila Oyj board of directors is about average.
Board of Directors
Jari Paasikivi
Chairman
€70K
64
9.3 yrs
Petteri Walldén
Vice Chairman of the Board
€46K
70
9.3 yrs
Heikki Westerlund
Independent Director
52
1 yrs
Riitta Mynttinen
Independent Director
€46K
58
8.1 yrs
Catherine Sahlgren
Independent Director
56
1 yrs
Lars Lindfors
Director
54
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Tikkurila Oyj's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tikkurila Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TIK1V News
Simply Wall St News
Don't Sell Tikkurila Oyj (HEL:TIK1V) Before You Read This
We'll show how you can use Tikkurila Oyj's (HEL:TIK1V) P/E ratio to inform your assessment of the investment opportunity. … Looking at earnings over the last twelve months, Tikkurila Oyj has a P/E ratio of 45.18. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Tikkurila Oyj's (HEL:TIK1V) Balance Sheet Strong Enough To Weather A Storm?
However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articleDid Tikkurila Oyj's (HEL:TIK1V) Recent Earnings Growth Beat The Trend?
When Tikkurila Oyj (HEL:TIK1V) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … TIK1V's trailing twelve-month earnings (from 31 December 2018) of €15m has. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -28%, indicating the rate at which TIK1V is growing has accelerated
Simply Wall St - – Full articleTikkurila Oyj's (HEL:TIK1V) Most Important Factor To Consider
I’ve analysed below, the health and outlook of Tikkurila Oyj’s cash flow, which will help you understand the stock from a cash standpoint. … Tikkurila Oyj generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Tikkurila Oyj’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow
Simply Wall St - – Full articleHow Does Tikkurila Oyj (HEL:TIK1V) Affect Your Portfolio Volatility?
Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleConsider This Before Buying Tikkurila Oyj (HEL:TIK1V) For The 2.2% Dividend
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, Tikkurila Oyj (HEL:TIK1V) has paid dividends to shareholders, and these days it yields 2.2%. … Let's dig deeper into whether Tikkurila Oyj should have a place in your portfolio.
Simply Wall St - – Full articleIs Tikkurila Oyj (HEL:TIK1V) Expensive For A Reason? A Look At The Intrinsic Value
Help shape the future of investing tools and receive a $20 prize! … by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF)
Simply Wall St - – Full articleExamining Tikkurila Oyj’s (HEL:TIK1V) Weak Return On Capital Employed
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleIs It Too Late To Consider Buying Tikkurila Oyj (HEL:TIK1V)?
Tikkurila Oyj (HEL:TIK1V), which is in the chemicals business, and is based in Finland,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Tikkurila Oyj’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleDo Institutions Own Tikkurila Oyj (HEL:TIK1V) Shares?
Generally speaking, as a company grows, institutions will increase their ownership. … Tikkurila Oyj is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleTIK1V Company Info
Description
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. It provides interior paints, lacquers, and other products; and exterior products for wood, masonry, and metal surfaces, as well as offers services related to painting. The company produces paints and coatings for the metal and wood industries. It markets its products under the Tikkurila, Beckers, Alcro, Teks, Vivacolor, Jedynka, Finncolor, Polifarb Debica, and Pigrol brands. The company sells decorative paints primarily to home improvement stores, paint store chains, and independent paint retailers; and industrial coatings directly to customers or through the retailer network. The company was founded in 1862 and is headquartered in Vantaa, Finland.
Details
| Name: | Tikkurila Oyj |
| TIK1V | |
| Exchange: | HLSE |
| Founded: | 1862 |
| €679,229,181 | |
| 44,105,791 | |
| Website: | http://www.tikkurilagroup.com |
| Address: |
Tikkurila Oyj Kuninkaalantie 1, PO Box 53, Vantaa, Uusimaa, 01301, Finland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| HLSE | TIK1V | Registered Shares | OMX Nordic Exchange Helsinki | FI | EUR | 26. Mar 2010 | |
| DB | 7TO | Registered Shares | Deutsche Boerse AG | DE | EUR | 26. Mar 2010 | |
| LSE | 0MFI | Registered Shares | London Stock Exchange | GB | EUR | 26. Mar 2010 | |
| BATS-CHIXE | TIK1VH | Registered Shares | BATS 'Chi-X Europe' | GB | EUR | 26. Mar 2010 |
Number of employees
Current staff
Industry
| Commodity Chemicals | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 21:41 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/25 |
| Last earnings filing: | 2019/03/26 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
