HLSE:SAA1V

Stock Analysis Report

Executive Summary

Sanoma Oyj operates as a media and learning company in Finland, the Netherlands, other European countries, and internationally.

Snowflake

Fundamentals

Proven track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

HLSE:SAA1V

-1.8%

FI Media

-1.4%

FI Market


1 Year Return

4.7%

HLSE:SAA1V

-1.4%

FI Media

-4.9%

FI Market

SAA1V outperformed the Media industry which returned -1.4% over the past year.

SAA1V outperformed the Market in Finland which returned -4.9% over the past year.


Share holder returns

SAA1VIndustryMarket
7 Day2.8%-1.8%-1.4%
30 Day2.3%-1.1%-2.0%
90 Day6.2%2.8%-1.1%
1 Year9.5%4.7%3.4%-1.4%-0.6%-4.9%
3 Year19.3%8.9%26.9%14.6%26.4%11.9%
5 Year72.4%47.8%78.8%50.3%53.1%24.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sanoma Oyj undervalued based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Sanoma Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).

Sanoma Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Sanoma Oyj is good value based on earnings compared to the FI Media industry average.

Sanoma Oyj is good value based on earnings compared to the Finland market.


Price Based on Expected Growth

Sanoma Oyj is poor value based on expected growth next year.


Price Based on Value of Assets

Sanoma Oyj is overvalued based on assets compared to the FI Media industry average.


Next Steps

Future Growth

How is Sanoma Oyj expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

1.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sanoma Oyj's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Sanoma Oyj's earnings are expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).

Sanoma Oyj's revenue growth is positive but not above the Finland market average.

Sanoma Oyj's earnings growth is positive but not above the Finland market average.

Sanoma Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Sanoma Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Sanoma Oyj performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sanoma Oyj has delivered over 20% year on year earnings growth in the past 5 years.

Sanoma Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Sanoma Oyj's 1-year earnings growth is negative, it can't be compared to the FI Media industry average.


Return on Equity

Sanoma Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Sanoma Oyj used its assets more efficiently than the FI Media industry average last year based on Return on Assets.


Return on Capital Employed

Sanoma Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Sanoma Oyj's financial position?


Financial Position Analysis

Sanoma Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Sanoma Oyj's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Sanoma Oyj's level of debt (72.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (85.5% vs 72.4% today).

Debt is well covered by operating cash flow (33.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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

5.91%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Sanoma Oyj before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Sanoma Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.41%).

Sanoma Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.33%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Susan Duinhoven (54yo)

3.8yrs

Tenure

€1,071,053

Compensation

Ms. Susan Duinhoven has been the Chief Executive Officer and President of Sanoma Oyj since October 1, 2015 and was Interim CEO of Sanoma Media Netherlands from August 15, 2018 to January 01, 2019. Ms. Duin ...


CEO Compensation Analysis

Susan's remuneration is about average for companies of similar size in Finland.

Susan's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

58yo

Average Age

The tenure for the Sanoma Oyj management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

62yo

Average Age

The tenure for the Sanoma Oyj board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jukka Nikkinen (57yo)

    Senior Vice President of Business Development-Rautakirja

    • Tenure: 0.0yrs
  • Raimo Kurri (66yo)

    Senior Vice President of Trade Services

    • Tenure: 0.0yrs
  • Markus Holm (52yo)

    CFO & COO

    • Tenure: 2.6yrs
  • Jarmo Oksaharju (58yo)

    Senior Vice President of Bookstores-Rautakirja

    • Tenure: 0.0yrs
  • Hellevi Kekäläinen (66yo)

    President of Sanoma Trade

    • Tenure: 0.0yrs
  • Pekka Laakeristo (64yo)

    President of Sanoma Data

    • Tenure: 0.0yrs
  • Susan Duinhoven (54yo)

    President & CEO

    • Tenure: 3.8yrs
    • Compensation: €1.07m
  • Kaisa Uurasmaa

    Head of Investor Relations & Corporate Social Responsibility

    • Tenure: 1.8yrs
  • Taka-Aho Kai

    Chief Technology Officer

    • Tenure: 3.8yrs
  • Gieta Veersma

    Chief HR Officer

    • Tenure: 3.6yrs

Board Members

  • Pekka Ala-Pietilä (62yo)

    Chairman of the Board

    • Tenure: 3.6yrs
  • Antti Herlin (63yo)

    Vice Chairman

    • Tenure: 3.6yrs
  • Mika Ihamuotila (55yo)

    Director

    • Tenure: 6.3yrs
  • Anne Brunila (62yo)

    Director

    • Tenure: 6.3yrs
  • Nils Ittonen (65yo)

    Director

    • Tenure: 5.3yrs
  • Rafaela Seppälä (65yo)

    Independent Director

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

    Director

    • Tenure: 8.3yrs
  • Sebastian Langenskiöld (37yo)

    Director

    • Tenure: 0.4yrs
  • Denise Koopmans (57yo)

    Director

    • Tenure: 4.3yrs

Company Information

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


Key Information

  • Name: Sanoma Oyj
  • Ticker: SAA1V
  • Exchange: HLSE
  • Founded: 1889
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €1.444b
  • Shares outstanding: 163.02m
  • Website: https://www.sanoma.com

Number of Employees


Location

  • Sanoma Oyj
  • Töölönlahdenkatu 2
  • Helsinki
  • Uusimaa
  • 100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAA1VHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURMay 1999
SNQBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1999
0JLQLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1999
SAA1VHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1999

Biography

Sanoma Oyj operates as a media and learning company in Finland, the Netherlands, other European countries, and internationally. It operates through two segments, Consumer Media and Learning. The company pu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 20:36
End of Day Share Price2019/08/19 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.