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Hoivatilat Oyj

HLSE:HOIVA
Snowflake Description

Solid track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOIVA
HLSE
€251M
Market Cap
  1. Home
  2. FI
  3. Real Estate
Company description

Hoivatilat Oyj, together with its subsidiaries, develops, owns, and leases out care and education premises in Finland. The last earnings update was 134 days ago. More info.


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HOIVA Share Price and Events
7 Day Returns
2.9%
HLSE:HOIVA
-0.6%
FI Real Estate
-0.1%
FI Market
1 Year Returns
24.3%
HLSE:HOIVA
26%
FI Real Estate
-3.3%
FI Market
HOIVA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hoivatilat Oyj (HOIVA) 2.9% -3.1% 12.3% 24.3% 154.6% -
FI Real Estate -0.6% 0.3% 13.5% 26% 18.2% 57.2%
FI Market -0.1% 1.7% -2.5% -3.3% 17.3% 27.8%
1 Year Return vs Industry and Market
  • HOIVA underperformed the Real Estate industry which returned 26% over the past year.
  • HOIVA outperformed the Market in Finland which returned -3.3% over the past year.
Price Volatility
HOIVA
Industry
5yr Volatility vs Market
Related Companies

HOIVA Value

 Is Hoivatilat 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 Hoivatilat 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hoivatilat Oyj.

HLSE:HOIVA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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.

Calculation of Discount Rate/ Cost of Equity for HLSE:HOIVA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 20%) (67.88%))
1.415
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.415 * 6.51%)
9.75%

Discounted Cash Flow Calculation for HLSE:HOIVA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hoivatilat 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.

HLSE:HOIVA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.75%)
2020 10.76 Est @ 24.2% 9.80
2021 12.60 Est @ 17.11% 10.46
2022 14.13 Est @ 12.14% 10.69
2023 15.35 Est @ 8.66% 10.58
2024 16.31 Est @ 6.22% 10.24
2025 17.05 Est @ 4.52% 9.75
2026 17.61 Est @ 3.32% 9.18
2027 18.05 Est @ 2.49% 8.57
2028 18.39 Est @ 1.9% 7.96
2029 18.67 Est @ 1.49% 7.36
Present value of next 10 years cash flows €94.61
HLSE:HOIVA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €18.67 × (1 + 0.54%) ÷ (9.75% – 0.54%)
€203.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €203.73 ÷ (1 + 9.75%)10
€80.33
HLSE:HOIVA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €94.61 + €80.33
€174.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €174.94 / 25.42
€6.88
HLSE:HOIVA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.88
Current discount Discount to share price of €9.88
= -1 x (€9.88 - €6.88) / €6.88
-43.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hoivatilat Oyj is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Hoivatilat Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hoivatilat Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:HOIVA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.46
HLSE:HOIVA Share Price ** HLSE (2019-07-16) in EUR €9.88
Europe Real Estate Industry PE Ratio Median Figure of 217 Publicly-Listed Real Estate Companies 11.37x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hoivatilat Oyj.

HLSE:HOIVA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:HOIVA Share Price ÷ EPS (both in EUR)

= 9.88 ÷ 1.46

6.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hoivatilat Oyj is good value based on earnings compared to the Europe Real Estate industry average.
  • Hoivatilat Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Hoivatilat Oyj's expected growth come at a high price?
Raw Data
HLSE:HOIVA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-12.2%per year
Europe Real Estate Industry PEG Ratio Median Figure of 93 Publicly-Listed Real Estate Companies -0.05x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.77x

*Line of best fit is calculated by linear regression .

HLSE:HOIVA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.79x ÷ -12.2%

-0.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hoivatilat Oyj earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hoivatilat Oyj's assets?
Raw Data
HLSE:HOIVA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.37
HLSE:HOIVA Share Price * HLSE (2019-07-16) in EUR €9.88
Finland Real Estate Industry PB Ratio Median Figure of 5 Publicly-Listed Real Estate Companies 1.12x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 2x
HLSE:HOIVA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:HOIVA Share Price ÷ Book Value per Share (both in EUR)

= 9.88 ÷ 6.37

1.55x

* Primary Listing of Hoivatilat Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hoivatilat Oyj is overvalued based on assets compared to the FI Real Estate industry average.
X
Value checks
We assess Hoivatilat Oyj's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Hoivatilat Oyj has a total score of 2/6, 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.

HOIVA Future Performance

 How is Hoivatilat Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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!
Annual Growth Rate
-12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hoivatilat Oyj expected to grow at an attractive rate?
  • Hoivatilat Oyj's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Hoivatilat Oyj's earnings are expected to decrease over the next 1-3 years, this is below the Finland market average.
  • Hoivatilat Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:HOIVA Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:HOIVA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -12.2%
HLSE:HOIVA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 26.1%
Finland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
Finland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2%

*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
Raw Data
HLSE:HOIVA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:HOIVA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 39 27 1
2020-12-31 31 24 1
2019-12-31 23 29 1
HLSE:HOIVA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 17 9 37
2018-09-30 16 7 32
2018-06-30 15 6 27
2018-03-31 14 6 26
2017-12-31 12 6 26
2017-09-30 11 5 24
2017-06-30 9 4 23
2017-03-31 8 3 19
2016-12-31 7 3 15
2016-09-30 7 2 13
2016-06-30 6 2 12
2016-03-31 5 2 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hoivatilat Oyj's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hoivatilat Oyj's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:HOIVA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Hoivatilat Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:HOIVA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.06 1.06 1.06 1.00
2020-12-31 0.95 0.95 0.95 1.00
2019-12-31 1.13 1.13 1.13 1.00
HLSE:HOIVA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.46
2018-09-30 1.26
2018-06-30 1.06
2018-03-31 1.06
2017-12-31 1.05
2017-09-30 1.04
2017-06-30 1.03
2017-03-31 0.90
2016-12-31 0.75
2016-09-30 0.76
2016-06-30 0.77
2016-03-31 0.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hoivatilat Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hoivatilat Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hoivatilat Oyj has a total score of 2/6, 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.

HOIVA Past Performance

  How has Hoivatilat 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
Below we compare Hoivatilat Oyj's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hoivatilat Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Hoivatilat Oyj's 1-year earnings growth exceeds its 5-year average (45.1% vs 36.1%)
  • Hoivatilat Oyj's earnings growth has exceeded the Europe Real Estate industry average in the past year (45.1% vs 8.1%).
Earnings and Revenue History
Hoivatilat Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hoivatilat Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:HOIVA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 17.18 37.00 2.45
2018-09-30 16.15 31.91 2.27
2018-06-30 15.12 26.81 2.09
2018-03-31 13.75 26.16 1.99
2017-12-31 12.37 25.50 1.88
2017-09-30 10.87 24.11 1.78
2017-06-30 9.36 22.72 1.67
2017-03-31 8.39 18.71 1.57
2016-12-31 7.41 14.70 1.47
2016-09-30 6.58 13.49 1.18
2016-06-30 5.75 12.29 0.89
2016-03-31 4.79 11.38 0.84
2015-12-31 3.82 10.47 0.79
2014-12-31 1.79 7.40 0.46
2013-12-31 0.91 1.00 0.36

*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.
  • Whilst Hoivatilat Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Hoivatilat Oyj used its assets more efficiently than the Europe Real Estate industry average last year based on Return on Assets.
  • Hoivatilat Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hoivatilat Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hoivatilat Oyj has a total score of 5/6, 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.

HOIVA Health

 How is Hoivatilat 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 Hoivatilat Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hoivatilat Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hoivatilat Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hoivatilat Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x 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.
Raw Data

All data from Hoivatilat Oyj Company Filings, last reported 6 months ago.

HLSE:HOIVA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 161.94 170.45 11.38
2018-09-30 161.94 170.45 11.38
2018-06-30 140.91 143.69 4.52
2018-03-31 140.91 143.69 4.52
2017-12-31 129.14 110.25 9.84
2017-09-30 129.14 110.25 9.84
2017-06-30 118.35 85.43 12.27
2017-03-31 118.35 85.43 12.27
2016-12-31 74.84 72.22 4.33
2016-09-30 74.84 72.22 4.33
2016-06-30 67.52 46.21 6.53
2016-03-31 67.52 46.21 6.53
2015-12-31 45.17 45.82 6.51
2014-12-31 28.07 21.06 9.82
2013-12-31 9.16 9.74 5.81
  • Hoivatilat Oyj's level of debt (105.3%) 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 (106% vs 105.3% today).
  • Debt is not well covered by operating cash flow (5.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Hoivatilat Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hoivatilat Oyj has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

HOIVA Dividends

 What is Hoivatilat 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
Dividend payments
1.72%
Current annual income from Hoivatilat Oyj dividends. Estimated to be 2.29% next year.
If you bought €2,000 of Hoivatilat Oyj shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hoivatilat Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.25%).
  • Hoivatilat Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.15%).
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.
Raw Data
HLSE:HOIVA Annualized Past and Future Dividends
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 1 Analyst Estimates (S&P Global) See Below
Europe Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 146 Stocks 3.1%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:HOIVA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.27 1.00
2020-12-31 0.22 1.00
2019-12-31 0.19 1.00
HLSE:HOIVA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.170 1.881
2018-02-28 0.130 1.646
2017-02-02 0.100 1.273

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hoivatilat Oyj has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hoivatilat Oyj only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Hoivatilat Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Hoivatilat Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hoivatilat Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hoivatilat Oyj has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HOIVA Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jussi Karjula
AGE 44
TENURE AS CEO 9.5 years
CEO Bio

Mr. Jussi Pekka Karjula serves as Interim Sales Director at Suomen Hoivatilat Oyj since February 01, 2019. He has been the Chief Executive Officer at Suomen Hoivatilat Oyj since 2010 and served as its Managing Director. Mr. Karjula served as Managing Director of Pohjoisen Kantaperuna Ltd from 2004 to 2010. He has been a member of the Board of Directors of Lännentila Oy since 2013 and a member of the Board of Directors of Perunakauppa Luonnosta Oy since 2005. He served as a member of the Board of Directors of Rakennusliike Lapti Oy from 2008 to 2012. He served as the Chairman of the industry association Pro Peruna from 2008 to 2010 and a member of the Board of Directors of the Swedish company HZPC Kantaperuna AB from 2007 to 2010. Mr. Karjula served as a Sales Manager at Nelita Ltd from 1999 to 2003. He holds a BBA degree in Marketing and Economics from Oulu University of Applied Sciences in 1999.

CEO Compensation
  • Insufficient data for Jussi to compare compensation growth.
  • Insufficient data for Jussi to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Hoivatilat Oyj management team in years:

2.3
Average Tenure
42
Average Age
  • The tenure for the Hoivatilat Oyj management team is about average.
Management Team

Jussi Karjula

TITLE
CEO & Interim Sales Director
AGE
44
TENURE
9.5 yrs

Tommi Aarnio

TITLE
Chief Financial Officer
AGE
36
TENURE
4.5 yrs

Riikka Säkkinen

TITLE
HR & Communications Director
AGE
40
TENURE
2.3 yrs

Riku Patokoski

TITLE
Executive Vice President
AGE
45
TENURE
1.5 yrs

Maria Frid

TITLE
Chief Executive Officer of Hoivatilat Ab
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Hoivatilat Oyj board of directors in years:

1.9
Average Tenure
63
Average Age
  • The average tenure for the Hoivatilat Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pertti Huuskonen

TITLE
Chairman
COMPENSATION
€58K
AGE
63
TENURE
8.5 yrs

Reijo Tauriainen

TITLE
Director
COMPENSATION
€29K
AGE
63
TENURE
4.5 yrs

Satu Ahlman

TITLE
Director
COMPENSATION
€29K
AGE
41
TENURE
2.4 yrs

Kari Nenonen

TITLE
Director
COMPENSATION
€24K
AGE
66
TENURE
1.3 yrs

Nathalie Clément

TITLE
Director
TENURE
0.3 yrs

Paul Hartwall

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hoivatilat Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hoivatilat 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.

HOIVA News

Simply Wall St News

What Should We Expect From Hoivatilat Oyj's (HEL:HOIVA) Earnings In The Next Couple Of Years?

Below is my commentary, albeit very simple and high-level, on how market analysts predict Hoivatilat Oyj's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Hoivatilat Oyj Market analysts' prospects for next year seems pessimistic, with earnings falling by a double-digit -23%. … HLSE:HOIVA Past and Future Earnings, July 4th 2019 Although it’s informative understanding the growth year by year relative to today’s level, it may be more beneficial determining the rate at which the business is growing on average every year.

Simply Wall St -

If You Had Bought Hoivatilat Oyj (HEL:HOIVA) Shares Three Years Ago You'd Have Made 156%

For example, the Hoivatilat Oyj (HEL:HOIVA) share price has soared 156% in the last three years. … Hoivatilat Oyj was able to grow its EPS at 22% per year over three years, sending the share price higher. … As it happens, Hoivatilat Oyj's TSR for the last 3 years was 169%, which exceeds the share price return mentioned earlier.

Simply Wall St -

A Closer Look At Hoivatilat Oyj's (HEL:HOIVA) Impressive ROE

View our latest analysis for Hoivatilat Oyj How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hoivatilat Oyj: 23% = €37m ÷ €162m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Do You Like Hoivatilat Oyj (HEL:HOIVA) At This P/E Ratio?

To keep it practical, we'll show how Hoivatilat Oyj's (HEL:HOIVA) P/E ratio could help you assess the value on offer. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hoivatilat Oyj: P/E of 6.55 = €9.54 ÷ €1.46 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … The company has a meaningful amount of debt on the balance sheet, but that should not eclipse the solid earnings growth.

Simply Wall St -

Does Suomen Hoivatilat Oyj's (HEL:HOIVA) Past Performance Indicate A Stronger Future?

For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … View our latest analysis for Suomen Hoivatilat Oyj. … HOIVA's trailing twelve-month earnings (from 31 December 2018) of €37m has

Simply Wall St -

Here's Why I Think Suomen Hoivatilat Oyj (HEL:HOIVA) Is An Interesting Stock

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Suomen Hoivatilat Oyj (HEL:HOIVA). … How Quickly Is Suomen Hoivatilat Oyj Increasing Earnings Per Share. … It's no surprise, then, that I like to invest in companies with EPS growth.

Simply Wall St -

Know This Before Buying Suomen Hoivatilat Oyj (HEL:HOIVA) For Its Dividend

Suomen Hoivatilat Oyj (HEL:HOIVA) has recently paid dividends to shareholders, and currently yields 1.9%. … Let's dig deeper into whether Suomen Hoivatilat Oyj should have a place in your portfolio. … See our latest analysis for Suomen Hoivatilat Oyj

Simply Wall St -

4 Days Left Until Suomen Hoivatilat Oyj (HEL:HOIVA) Trades Ex-Dividend

Have you been keeping an eye on Suomen Hoivatilat Oyj's (HEL:HOIVA) upcoming dividend of €0.17 per share payable on the 04 April 2019? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

Suomen Hoivatilat Oyj (HEL:HOIVA): Earnings Expected To Remain Subdued

In December 2018, Suomen Hoivatilat Oyj (HEL:HOIVA) released its most recent earnings announcement, whicha … indicated

Simply Wall St -

A Closer Look At Suomen Hoivatilat Oyj's (HEL:HOIVA) Impressive ROE

Our data shows Suomen Hoivatilat Oyj has a return on equity of 23% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

HOIVA Company Info

Description

Hoivatilat Oyj, together with its subsidiaries, develops, owns, and leases out care and education premises in Finland. The company’s property portfolio comprises nursing homes for elderly and special groups; and schools and day care centers, as well as service blocks. It serves private care and day care companies, and municipalities. Hoivatilat Oyj was founded in 2008 and is headquartered in Oulu, Finland.

Details
Name: Hoivatilat Oyj
HOIVA
Exchange: HLSE
Founded: 2008
€251,111,018
25,416,095
Website: http://www.hoivatilat.fi
Address: Hoivatilat Oyj
Pilot Business Park,
Lentokatu 2,
Oulu,
Northern Ostrobothnia, 90460,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE HOIVA Share Capital OMX Nordic Exchange Helsinki FI EUR 31. Mar 2016
LSE 0RNF Share Capital London Stock Exchange GB EUR 31. Mar 2016
Number of employees
Current staff
Staff numbers
19
Hoivatilat Oyj employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 22:11
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/03/04
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.