HLSE:ALMA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and fair value.

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

Stable Share Price: ALMA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.1%

ALMA

5.0%

FI Media

-1.6%

FI Market


1 Year Return

13.9%

ALMA

17.0%

FI Media

5.0%

FI Market

Return vs Industry: ALMA underperformed the Finnish Media industry which returned 16.9% over the past year.

Return vs Market: ALMA exceeded the Finnish Market which returned 5.2% over the past year.


Shareholder returns

ALMAIndustryMarket
7 Day7.1%5.0%-1.6%
30 Day6.5%13.0%2.8%
90 Day4.8%22.7%7.0%
1 Year19.6%13.9%22.1%17.0%13.9%5.0%
3 Year32.0%15.2%32.8%16.7%21.6%0.3%
5 Year257.8%191.9%223.9%166.5%55.3%22.2%

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?

37.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALMA (€7.88) is trading below our estimate of fair value (€12.63)

Significantly Below Fair Value: ALMA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ALMA is poor value based on its PE Ratio (21.7x) compared to the XE Media industry average (14.9x).

PE vs Market: ALMA is good value based on its PE Ratio (21.7x) compared to the Finnish market (24.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALMA is overvalued based on its PB Ratio (2.9x) compared to the FI Media industry average (1.8x).


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?

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALMA's forecast earnings growth (15.6% per year) is above the savings rate (0.4%).

Earnings vs Market: ALMA's earnings (15.6% per year) are forecast to grow faster than the Finnish market (14.8% per year).

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

Revenue vs Market: ALMA's revenue (2.9% per year) is forecast to grow slower than the Finnish market (4.4% per year).

High Growth Revenue: ALMA'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: ALMA's Return on Equity is forecast to be low in 3 years time (12.5%).


Next Steps

Past Performance

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

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALMA has high quality earnings.

Growing Profit Margin: ALMA's current net profit margins (12.8%) are lower than last year (14.5%).


Past Earnings Growth Analysis

Earnings Trend: ALMA's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: ALMA's earnings growth over the past year (15.9%) is below its 5-year average (18.1% per year).

Earnings vs Industry: ALMA earnings growth over the past year (15.9%) exceeded the Media industry -11.3%.


Return on Equity

High ROE: ALMA's Return on Equity (14.1%) is considered low.


Next Steps

Financial Health

How is Alma Media Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ALMA's short term assets (€133.5M) exceed its short term liabilities (€62.1M).

Long Term Liabilities: ALMA's short term assets (€133.5M) exceed its long term liabilities (€45.0M).


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 9.6%.

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


Next Steps

Dividend

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

5.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALMA's dividend (5.08%) is higher than the bottom 25% of dividend payers in the Finnish market (1.98%).

High Dividend: ALMA's dividend (5.08%) is in the top 25% of dividend payers in the Finnish market (4.54%)


Stability and Growth of Payments

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

Growing Dividend: ALMA's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110.1%), ALMA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALMA's dividends in 3 years are forecast to be covered by earnings (78.8% payout ratio).


Next Steps

Management

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

7.9yrs

Average management tenure


CEO

Kai Telanne (56 yo)

15.5yrs

Tenure

€1,442,000

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 ($USD1.71M) is above average for companies of similar size in the Finnish market ($USD526.71K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kai Telanne
CEO & President15.5yrs€1.44mno data
Juha Nuutinen
Chief Financial Officer7.92yrsno datano data
Mikko Korttila
General Counsel & Secretary12.33yrsno datano data
Elina Kukkonen
Communications Director3.08yrsno datano data
Virpi Juvonen
Senior Vice President of Human Resources7.75yrsno datano data
Kari Kivelä
Senior Vice President of Consumer15.75yrsno datano data
Jouko Jokinen
Editor-in-Chief of News at Yleno datano datano data
Kari Juutilainen
Senior Vice President of Alma Regions8.75yrsno datano data
Markus Pirttijoki
Editor-in-Chief of Kainuun Sanomat7.42yrsno datano data
Olli-Pekka Behm
Executive Editor-In-Chief of Satakunnan Kansa14.75yrsno datano data
Jussi Tuulensuu
Senior Editor-in-Chief of Aamuleht5.08yrsno datano data
Santtu Elsinen
Chief Digital Officer & Senior VP4.75yrsno datano data

7.9yrs

Average Tenure

56yo

Average Age

Experienced Management: ALMA's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jorma Ollila
Chairman1.58yrs€90.00kno data
Esa Lager
Independent Director7.75yrs€49.00kno data
Petri Niemisvirta
Vice Chairman1.58yrs€57.40kno data
Peter Immonen
Director2.58yrs€47.50kno data
Catharina Von Stackelberg-Hammarén
Independent Director11.58yrs€45.60kno data
Alexander Lindholm
Director2.58yrs€45.00kno data
Päivi Rekonen
Independent Director2.58yrs€56.50kno data

2.6yrs

Average Tenure

51yo

Average Age

Experienced Board: ALMA's board of directors are not considered experienced ( 2.6 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

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: €648.226m
  • Shares outstanding: 82.26m
  • Website: https://www.almamedia.fi

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALMAHLSE (OMX Nordic Exchange Helsinki)YesRegistered SharesFIEURApr 2005
0DJNLSE (London Stock Exchange)YesRegistered SharesGBEURApr 2005
ALMAHBATS-CHIXE (BATS 'Chi-X Europe')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 Analysis2020/10/24 20:50
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
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.