HLSE:ALMA

Stock Analysis Report

Executive Summary

Alma Media Oyj, a media company, provides digital and publishing services in Finland and internationally.

Snowflake

Fundamentals

Solid track record established dividend payer.

Share Price & News

How has Alma Media Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

ALMA

1.5%

FI Media

0.8%

FI Market


1 Year Return

4.2%

ALMA

9.3%

FI Media

5.5%

FI Market

Return vs Industry: ALMA underperformed the Finnish Media industry which returned 9.3% over the past year.

Return vs Market: ALMA underperformed the Finnish Market which returned 5.5% over the past year.


Shareholder returns

ALMAIndustryMarket
7 Day-0.9%1.5%0.8%
30 Day2.7%-0.7%0.5%
90 Day7.1%11.7%2.5%
1 Year10.1%4.2%14.7%9.3%10.4%5.5%
3 Year45.6%29.5%27.8%15.3%29.6%14.2%
5 Year186.0%135.5%152.2%111.1%62.9%31.7%

Price Volatility Vs. Market

How volatile is Alma Media Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

39.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALMA (€6.9) is trading below our estimate of fair value (€11.33)

Significantly Below Fair Value: ALMA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ALMA is good value based on its PE Ratio (14.2x) compared to the Media industry average (14.6x).

PE vs Market: ALMA is good value based on its PE Ratio (14.2x) compared to the Finnish market (20x).


Price to Earnings Growth Ratio

PEG Ratio: ALMA is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: ALMA is overvalued based on its PB Ratio (3.8x) compared to the FI Media industry average (1.5x).


Next Steps

Future Growth

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

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALMA's forecast earnings growth (4.9% per year) is above the savings rate (0.5%).

Earnings vs Market: ALMA's earnings (4.9% per year) are forecast to grow slower than the Finnish market (13.4% per year).

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

Revenue vs Market: ALMA's revenue (0.5% per year) is forecast to grow slower than the Finnish market (2.1% per year).

High Growth Revenue: ALMA's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALMA's Return on Equity is forecast to be high in 3 years time (25.7%)


Next Steps

Past Performance

How has Alma Media Oyj performed over the past 5 years?

32.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALMA's earnings have grown significantly by 32% per year over the past 5 years.

Accelerating Growth: ALMA's earnings growth over the past year (14.7%) is below its 5-year average (32% per year).

Earnings vs Industry: ALMA earnings growth over the past year (14.7%) exceeded the Media industry -1.8%.


Return on Equity

High ROE: ALMA's Return on Equity (26.2%) is considered high.


Return on Assets

ROA vs Industry: ALMA has a higher Return on Assets than the Media industry average last year.


Return on Capital Employed

ROCE Improving: ALMA has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Alma Media Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ALMA's short term assets (€80.8M) do not cover its short term liabilities (€108.4M)

Long Term Liabilities: ALMA's short term assets (80.8M) do not cover its long term liabilities (101.9M)


Debt to Equity History and Analysis

Debt Level: ALMA is debt free.

Reducing Debt: ALMA has no debt compared to 5 years ago when its debt to equity ratio was 13.2%.

Debt Coverage: ALMA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ALMA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ALMA has a high level of physical assets or inventory.

Debt Coverage by Assets: ALMA's debt is not covered by short term assets (assets are -5.6857945295553E+15x debt).


Next Steps

Dividend

What is Alma Media Oyj's current dividend yield, its reliability and sustainability?

5.07%

Current Dividend Yield


Dividend Yield vs Market

company5.1%marketbottom25%2.2%markettop25%5.1%industryaverage4.9%forecastin3Years6.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALMA's dividend (5.07%) is higher than the bottom 25% of dividend payers in the Finnish market (2.24%).

High Dividend: ALMA's dividend (5.07%) is in the top 25% of dividend payers in the Finnish market (5.06%)

Stable Dividend: ALMA's dividend payments have been volatile in the past 10 years.

Growing Dividend: ALMA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.2%), ALMA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALMA's dividends in 3 years are forecast to be covered by earnings (73.6% payout ratio).


Next Steps

Management

What is the CEO of Alma Media Oyj's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

Kai Telanne (55yo)

14.5yrs

Tenure

€700,000

Compensation

Mr. Kai Telanne, M.Sc. (Econ.), has been the Chief Executive Officer and President at Alma Media Oyj since April 1, 2005. Mr. Telanne serves as Chairman of the Group Executive Committee of Alma Media Oyj.  ...


CEO Compensation Analysis

Compensation vs. Market: Kai's total compensation ($USD0.00) is too low to compare against companies of similar size in the Finnish market ($USD496.82K).

Compensation vs Earnings: Kai's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.8yrs

Average Tenure

56yo

Average Age

Experienced Management: ALMA's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

50yo

Average Age

Experienced Board: ALMA's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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


Management Team

  • Kari Kivelä (60yo)

    Senior Vice President of Consumer

    • Tenure: 14.8yrs
  • Mikko Korttila (57yo)

    General Counsel & Secretary

    • Tenure: 11.3yrs
  • Kai Telanne (55yo)

    CEO & President

    • Tenure: 14.5yrs
    • Compensation: €700.00k
  • Juha Nuutinen (47yo)

    Chief Financial Officer

    • Tenure: 6.9yrs
  • Kari Juutilainen (63yo)

    Senior Vice President of Alma Regions

    • Tenure: 7.8yrs
  • Jouko Jokinen (60yo)

    Editor-in-Chief of News at Yle

    • Tenure: 0yrs
  • Virpi Juvonen (56yo)

    Senior Vice President of Human Resources

    • Tenure: 6.8yrs
  • Markus Pirttijoki (43yo)

    Editor-in-Chief of Kainuun Sanomat

    • Tenure: 6.4yrs
  • Olli-Pekka Behm

    Executive Editor-In-Chief of Satakunnan Kansa

    • Tenure: 13.8yrs
  • Elina Kukkonen (49yo)

    Communications Director

    • Tenure: 2.1yrs

Board Members

  • Jorma Ollila (69yo)

    Chairman

    • Tenure: 0.6yrs
  • Esa Lager (60yo)

    Independent Director

    • Tenure: 6.8yrs
  • Petri Niemisvirta (49yo)

    Vice Chairman

    • Tenure: 0.6yrs
  • Peter Immonen (60yo)

    Director

    • Tenure: 1.6yrs
  • Catharina Von Stackelberg-Hammarén (49yo)

    Independent Director

    • Tenure: 10.6yrs
  • Alexander Lindholm (50yo)

    Director

    • Tenure: 1.6yrs
  • Päivi Rekonen (50yo)

    Independent Director

    • Tenure: 1.6yrs

Company Information

Alma Media Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alma Media Oyj
  • Ticker: ALMA
  • Exchange: HLSE
  • Founded: 2005
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €567.755m
  • Shares outstanding: 82.28m
  • Website: https://www.almamedia.fi

Number of Employees


Location

  • Alma Media Oyj
  • Alvar Aallon katu 3C
  • Helsinki
  • Uusimaa
  • 100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALMAHLSE (OMX Nordic Exchange Helsinki)YesRegistered SharesFIEURApr 2005
0DJNLSE (London Stock Exchange)YesRegistered SharesGBEURApr 2005

Biography

Alma Media Oyj, a media company, provides digital and publishing services in Finland and internationally. It operates through four reporting segments: Alma Markets, Alma Talent, Alma News & Life, and Alma  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:46
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.