Kojamo Oyj
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Kojamo Oyj, a real estate investment company, provides rental apartments and housing services in Finland. The last earnings update was 40 days ago. More info.
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- Kojamo Oyj has significant price volatility in the past 3 months.
KOJAMO Share Price and Events
7 Day Returns
1 Year Returns
KOJAMO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kojamo Oyj (KOJAMO) | 4.5% | 20.3% | 30.4% | 51.3% | - | - |
| FI Real Estate | 4.5% | 11.2% | 17.7% | 25.2% | 27.2% | 58.3% |
| FI Market | 0.7% | -1% | -6.7% | -6.2% | 19.4% | 22.7% |
1 Year Return vs Industry and Market
- KOJAMO outperformed the Real Estate industry which returned 25.2% over the past year.
- KOJAMO outperformed the Market in Finland which returned -6.2% over the past year.
KOJAMO Value
Is Kojamo 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
Kojamo 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 Kojamo 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 | 10.2% |
| 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% |
| Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 20%) (83.65%)) |
1.477 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.48 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.477 * 6.51%) |
10.16% |
Discounted Cash Flow Calculation for HLSE:KOJAMO using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kojamo 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 (@ 10.16%) |
|
|---|---|---|---|
| 2019 | 127.50 | Analyst x2 | 115.74 |
| 2020 | 159.00 | Analyst x2 | 131.03 |
| 2021 | 167.50 | Analyst x2 | 125.31 |
| 2022 | 173.88 | Est @ 3.81% | 118.09 |
| 2023 | 178.80 | Est @ 2.83% | 110.23 |
| 2024 | 182.63 | Est @ 2.14% | 102.21 |
| 2025 | 185.66 | Est @ 1.66% | 94.33 |
| 2026 | 188.12 | Est @ 1.32% | 86.76 |
| 2027 | 190.17 | Est @ 1.09% | 79.62 |
| 2028 | 191.93 | Est @ 0.92% | 72.95 |
| Present value of next 10 years cash flows | €1,036.27 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €191.93 × (1 + 0.54%) ÷ (10.16% – 0.54%) |
€2,006.51 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €2,006.51 ÷ (1 + 10.16%)10 |
€762.64 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €1,036.27 + €762.64 |
€1,798.91 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €1,798.91 / 247.14 |
€7.28 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €7.28 |
| Current discount | Discount to share price of
€13.04
= -1 x (€13.04 - €7.28) / €7.28 |
-79.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Kojamo 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 Kojamo Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kojamo 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 (2019-03-31) in EUR | €0.88 |
| HLSE:KOJAMO Share Price ** | HLSE (2019-06-18) in EUR | €13.04 |
| Europe Real Estate Industry PE Ratio | Median Figure of 217 Publicly-Listed Real Estate Companies | 11.21x |
| Finland Market PE Ratio | Median Figure of 107 Publicly-Listed Companies | 20.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kojamo Oyj.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = HLSE:KOJAMO Share Price ÷ EPS (both in EUR) = 13.04 ÷ 0.88 |
14.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kojamo Oyj is overvalued based on earnings compared to the Europe Real Estate industry average.
- Kojamo Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does
Kojamo Oyj's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.75x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
-3%per year |
| Europe Real Estate Industry PEG Ratio | Median Figure of 92 Publicly-Listed Real Estate Companies | -0.19x |
| Finland Market PEG Ratio | Median Figure of 92 Publicly-Listed Companies | 1.72x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.75x ÷ -3% |
-4.93x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kojamo 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
Kojamo Oyj's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €9.32 |
| HLSE:KOJAMO Share Price * | HLSE (2019-06-18) in EUR | €13.04 |
| 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 | 1.98x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = HLSE:KOJAMO Share Price ÷ Book Value per Share (both in EUR) = 13.04 ÷ 9.32 |
1.4x |
* Primary Listing of Kojamo Oyj.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kojamo Oyj is overvalued based on assets compared to the FI Real Estate industry average.
Value checks
We assess Kojamo 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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check) Kojamo Oyj has a total score of 1/6, 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.
KOJAMO Future Performance
How is Kojamo Oyj expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
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
- Kojamo 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
- Kojamo Oyj's earnings are expected to decrease over the next 1-3 years, this is below the Finland market average.
- Kojamo Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| HLSE:KOJAMO Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | -3% |
| HLSE:KOJAMO Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 4.8% |
| Finland Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 4.1% |
| Finland Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| Finland Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| Finland Market Revenue Growth Rate | Market Cap Weighted Average | 2.1% |
*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 (2 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 | 446 | 233 | 1 | |
| 2022-12-31 | 435 | 222 | 1 | |
| 2021-12-31 | 430 | 156 | 273 | 4 |
| 2020-12-31 | 405 | 149 | 298 | 4 |
| 2019-12-31 | 379 | 119 | 294 | 4 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 362 | 117 | 215 |
| 2018-12-31 | 359 | 112 | 222 |
| 2018-09-30 | 354 | 106 | 210 |
| 2018-06-30 | 348 | 100 | 219 |
| 2018-03-31 | 342 | 104 | 210 |
| 2017-12-31 | 337 | 110 | 213 |
| 2017-09-30 | 336 | 116 | 270 |
| 2017-06-30 | 337 | 111 | 252 |
| 2017-03-31 | 339 | 103 | 230 |
| 2016-12-31 | 352 | 102 | 232 |
| 2016-09-30 | 362 | 112 | 170 |
| 2016-06-30 | 371 | 118 | 167 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Kojamo Oyj Company Filings, last reported 2 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 | 0.94 | 0.94 | 0.94 | 1.00 |
| 2022-12-31 | 0.90 | 0.90 | 0.90 | 1.00 |
| 2021-12-31 | 1.11 | 1.31 | 1.00 | 3.00 |
| 2020-12-31 | 1.14 | 1.38 | 0.96 | 4.00 |
| 2019-12-31 | 1.12 | 1.31 | 0.99 | 3.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.88 |
| 2018-12-31 | 0.93 |
| 2018-09-30 | 0.90 |
| 2018-06-30 | 0.95 |
| 2018-03-31 | 0.92 |
| 2017-12-31 | 0.93 |
| 2017-09-30 | 1.18 |
| 2017-06-30 | 1.10 |
| 2017-03-31 | 1.00 |
| 2016-12-31 | 1.01 |
| 2016-09-30 | 0.74 |
| 2016-06-30 | 0.73 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kojamo 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 Finland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland 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)
Kojamo Oyj has a total score of 1/6, 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.
KOJAMO Past Performance
How has Kojamo 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
- Kojamo Oyj's year on year earnings growth rate has been positive over the past 5 years.
- Kojamo Oyj's 1-year earnings growth is less than its 5-year average (2.3% vs 16.2%)
- Kojamo Oyj's earnings growth has not exceeded the Europe Real Estate industry average in the past year (2.3% vs 7.1%).
Earnings and Revenue History
All data from Kojamo Oyj Company Filings, last reported 2 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 |
|---|---|---|---|---|
| 2019-03-31 | 362.30 | 215.30 | 38.80 | |
| 2018-12-31 | 359.00 | 221.80 | 38.60 | |
| 2018-09-30 | 353.50 | 209.70 | 38.80 | |
| 2018-06-30 | 347.90 | 218.90 | 39.50 | |
| 2018-03-31 | 341.70 | 210.40 | 37.80 | |
| 2017-12-31 | 337.10 | 212.90 | 37.20 | |
| 2017-09-30 | 336.10 | 270.00 | 38.10 | |
| 2017-06-30 | 336.50 | 252.20 | 38.00 | |
| 2017-03-31 | 339.30 | 229.50 | 36.20 | |
| 2016-12-31 | 351.60 | 232.30 | 37.40 | |
| 2016-09-30 | 362.00 | 169.70 | 36.30 | |
| 2016-06-30 | 370.70 | 166.60 | 36.80 | |
| 2016-03-31 | 376.50 | 175.20 | 39.50 | |
| 2015-12-31 | 371.50 | 179.30 | 39.70 | |
| 2015-09-30 | 366.60 | 171.10 | 40.80 | |
| 2015-06-30 | 362.80 | 160.30 | 40.70 | |
| 2015-03-31 | 359.70 | 130.10 | 39.70 | |
| 2014-12-31 | 357.40 | 110.70 | 38.70 | |
| 2014-09-30 | 355.24 | 97.71 | 48.53 | |
| 2014-06-30 | 352.88 | 89.92 | 39.53 | |
| 2014-03-31 | 349.79 | 87.60 | 30.13 | |
| 2013-12-31 | 346.96 | 74.25 | 21.23 | |
| 2013-09-30 | 343.42 | 54.53 | 22.40 | |
| 2013-06-30 | 341.52 | 53.43 | 22.40 | |
| 2013-03-31 | 338.78 | 49.89 | 22.40 | |
| 2012-12-31 | 335.43 | 45.85 | 22.40 | |
| 2012-09-30 | 332.20 | 53.71 | 21.24 | |
| 2012-06-30 | 330.69 | 48.13 | 21.24 |
*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.
- Kojamo Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Kojamo Oyj used its assets less efficiently than the Europe Real Estate industry average last year based on Return on Assets.
- Kojamo Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kojamo 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 Real Estate 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)
Kojamo Oyj has a total score of 1/6, 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.
KOJAMO Health
How is Kojamo 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 Kojamo Oyj's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kojamo Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kojamo Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x 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 Kojamo Oyj Company Filings, last reported 2 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,304.40 | 2,696.00 | 394.00 |
| 2018-12-31 | 2,358.10 | 2,530.30 | 150.10 |
| 2018-09-30 | 2,303.80 | 2,573.80 | 393.90 |
| 2018-06-30 | 2,252.40 | 2,581.70 | 423.50 |
| 2018-03-31 | 2,040.20 | 2,734.70 | 440.10 |
| 2017-12-31 | 2,038.60 | 2,283.00 | 117.80 |
| 2017-09-30 | 1,987.10 | 2,352.70 | 281.20 |
| 2017-06-30 | 1,930.70 | 2,460.00 | 401.20 |
| 2017-03-31 | 1,863.30 | 2,087.60 | 122.30 |
| 2016-12-31 | 1,859.50 | 2,122.90 | 132.00 |
| 2016-09-30 | 1,731.70 | 1,984.80 | 106.60 |
| 2016-06-30 | 1,762.60 | 1,713.40 | 310.40 |
| 2016-03-31 | 1,729.90 | 1,506.70 | 138.00 |
| 2015-12-31 | 1,739.10 | 1,494.50 | 116.00 |
| 2015-09-30 | 1,692.60 | 1,888.30 | 74.20 |
| 2015-06-30 | 1,662.00 | 1,887.00 | 87.80 |
| 2015-03-31 | 1,604.20 | 1,856.10 | 108.50 |
| 2014-12-31 | 1,579.50 | 1,850.10 | 114.40 |
| 2014-09-30 | 551.05 | 1,833.84 | 130.62 |
| 2014-06-30 | 533.37 | 1,847.67 | 134.43 |
| 2014-03-31 | 511.38 | 1,831.46 | 167.40 |
| 2013-12-31 | 509.19 | 1,739.66 | 141.14 |
| 2013-09-30 | 495.78 | 1,787.05 | 134.90 |
| 2013-06-30 | 474.84 | 1,744.17 | 137.25 |
| 2013-03-31 | 457.36 | 1,667.34 | 139.95 |
| 2012-12-31 | 450.46 | 1,608.95 | 142.19 |
| 2012-09-30 | 446.10 | 1,662.90 | 122.63 |
| 2012-06-30 | 429.85 | 1,669.11 | 119.24 |
- Kojamo Oyj's level of debt (114.3%) 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 (358% vs 114.3% today).
- Debt is not well covered by operating cash flow (4.4%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
Financial health checks
We assess Kojamo 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) Kojamo Oyj has a total score of 3/6, 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.
KOJAMO Dividends
What is Kojamo 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
Kojamo Oyj
shares you are expected to receive
€44
in your first year as a dividend.
Dividend Amount
- Kojamo Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.36%).
- Kojamo Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.28%).
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 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 | 4.4% |
| Finland Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Finland Bottom 25% Dividend Yield | 25th Percentile | 2.4% |
| Finland Top 25% Dividend Yield | 75th Percentile | 5.3% |
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 | 0.41 | 1.00 |
| 2022-12-31 | 0.40 | 1.00 |
| 2021-12-31 | 0.38 | 4.00 |
| 2020-12-31 | 0.36 | 5.00 |
| 2019-12-31 | 0.34 | 5.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-14 | 0.290 | 2.655 |
| 2018-11-05 | 0.000 | 0.000 |
| 2018-08-24 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Kojamo Oyj has stable dividend payments.
- Kojamo Oyj only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Kojamo 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 Kojamo Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kojamo 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.
KOJAMO Management
CEO
| COMPENSATION | €871,700 |
| AGE | 50 |
| TENURE AS CEO | 8.4 years |
CEO Bio
Mr. Jani Nieminen, M.Sc. (Tech.), MBA has been the Chief Executive Officer of Vvo-Yhtymä Oyj since 2011. Mr. Nieminen served as Executive Vice President of Realia Group Oy and served as its Deputy Chief Executive Officer from 2006 to 2011. He was with Suvelan Kiinteistöpalvelu Oy as its Building Services Manager and Substitute Managing Director from 1994 to 1997. He served as Unit Director of Sato plc from 1997 to 2006. He holds M.Sc.(Tech.), and MBA.
CEO Compensation
- Jani's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jani's remuneration is about average for companies of similar size in Finland.
Management Team Tenure
Average tenure and age of the Kojamo Oyj management team in years:
- The average tenure for the Kojamo Oyj management team is less than 2 years, this suggests a new team.
Management Team
Jani Nieminen
Chief Executive Officer
€872K
50
8.4 yrs
Erik Hjelt
CFO & Deputy CEO
57
4.1 yrs
Ville Raitio
Chief Investment Officer
40
0.4 yrs
Mikko Pöyry
Information Management Director
62
1.8 yrs
Maija Hongas
Manager of Investor Relations
Kristiina Niemi
Corporate Counsel
Irene Kantor
Marketing & Communications Director
50
6.4 yrs
Teemu Suila
Chief Development Officer
48
1.8 yrs
Tiina Kuusisto
Chief Customer Officer
50
0.4 yrs
Board of Directors Tenure
Average tenure and age of the Kojamo Oyj board of directors in years:
- The average tenure for the Kojamo Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors
Mikael Aro
Chairman
53
0.3 yrs
Mikko Mursula
Vice Chairman
52
3.4 yrs
Anne Leskelä
Director
56
1.1 yrs
Matti Harjuniemi
Director
60
9.4 yrs
Reima Rytsölä
Director
49
5.4 yrs
Minna Metsälä
Director
51
1.1 yrs
Heli Puura
Director
53
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Kojamo 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) Kojamo 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.
KOJAMO News
Simply Wall St News
Kojamo Oyj (HEL:KOJAMO): What We Can Expect From This Growth Stock
Since Kojamo Oyj (HEL:KOJAMO) released its earnings in March 2019, the consensus outlook from analysts appear fairly confident, with profits predicted to increase by 37% next year relative to the past 5-year average growth rate of 16%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … HLSE:KOJAMO Past and Future Earnings, June 18th 2019 From the current net income level of €222m and the final forecast of €269m by 2022, the annual rate of growth for KOJAMO’s earnings is -3.0%.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Kojamo Oyj (HEL:KOJAMO)?
Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … Check out our latest analysis for Kojamo Oyj HLSE:KOJAMO Ownership Summary, May 29th 2019 What Does The Institutional Ownership Tell Us About Kojamo Oyj?
Simply Wall St - – Full articleShould We Worry About Kojamo Oyj's (HEL:KOJAMO) P/E Ratio?
The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Kojamo Oyj: P/E of 11.67 = €10.32 ÷ €0.88 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each €1 of company earnings. … How Does Kojamo Oyj's P/E Ratio Compare To Its Peers?
Simply Wall St - – Full articleAre Kojamo Oyj's (HEL:KOJAMO) Interest Costs Too High?
Kojamo Oyj (HEL:KOJAMO) is a small-cap stock with a market capitalization of €2.6b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is
Simply Wall St - – Full articleHow Good Is Kojamo Oyj (HEL:KOJAMO), When It Comes To ROE?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.094. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Do Analysts See Kojamo Oyj (HEL:KOJAMO) Performing Over The Next Few Years?
The latest earnings announcement Kojamo Oyj (HEL:KOJAMO) released in December 2018a … confirmed … business
Simply Wall St - – Full articleIs Kojamo Oyj (HEL:KOJAMO) An Attractive Dividend Stock?
Kojamo Oyj (HEL:KOJAMO) has started paying a dividend to shareholders. … 5 checks you should do on a dividend stock … When researching a dividend stock, I always follow the following screening criteria:
Simply Wall St - – Full articleKojamo Oyj (HEL:KOJAMO): Immense Growth Potential?
Based on Kojamo Oyj's (HEL:KOJAMO) earnings update on 31 December 2018,. … in-line with its track record, as upcoming earnings growth is expected to be 18% next year, similar to the range of average earnings growth for the past five years of 19% per year
Simply Wall St - – Full articleWhy Kojamo Oyj's (HEL:KOJAMO) High P/E Ratio Isn't Necessarily A Bad Thing
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … That is equivalent to an earnings yield of about 9.9%. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat You Must Know About Kojamo Oyj's (HEL:KOJAMO) Financial Strength
Mid-caps stocks, like Kojamo Oyj (HEL:KOJAMO) with a market capitalization of €2.2b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Today we will look at KOJAMO’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Take the survey and be part of one of the most advanced studies of stock market investors to date
Simply Wall St - – Full articleKOJAMO Company Info
Description
Kojamo Oyj, a real estate investment company, provides rental apartments and housing services in Finland. The company operates through two segments, Lumo and VVO. The Lumo segment offers commercial housing services; and The VVO segment offers non-commercial housing services. The company was formerly known as VVO Group plc and changed its name to Kojamo Oyj in March 2017. Kojamo Oyj was founded in 1969 and is based in Helsinki, Finland.
Details
| Name: | Kojamo Oyj |
| KOJAMO | |
| Exchange: | HLSE |
| Founded: | 1969 |
| €3,222,762,962 | |
| 247,144,399 | |
| Website: | http://www.kojamo.fi |
| Address: |
Kojamo Oyj Mannerheimintie 168a, PO Box 40, Helsinki, Uusimaa, 00301, Finland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| HLSE | KOJAMO | Series A Shares | OMX Nordic Exchange Helsinki | FI | EUR | 15. Jun 2018 | |
| DB | V4OC | Series A Shares | Deutsche Boerse AG | DE | EUR | 15. Jun 2018 | |
| LSE | 0A0E | Series A Shares | London Stock Exchange | GB | EUR | 15. Jun 2018 | |
| BATS-CHIXE | KOJAMH | Series A Shares | BATS 'Chi-X Europe' | GB | EUR | 15. Jun 2018 |
Number of employees
Current staff
Industry
| Real Estate Operating Companies | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 22:50 |
| End of day share price update: | 2019/06/18 00:00 |
| Last estimates confirmation: | 2019/06/07 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| 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.
