Kojamo Oyj
Market Cap
€4.5b
Last Updated
2020/10/18 22:00 UTC
Data Sources
Company Financials +
Executive Summary
Kojamo Oyj, a private residential real estate company, provides rental apartments and housing services in Finland. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 10.2% per year for the next 3 years
Snowflake Analysis
Proven track record with mediocre balance sheet.
Share Price & News
How has Kojamo Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KOJAMO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
KOJAMO
-1.4%
FI Real Estate
1.1%
FI Market
1 Year Return
19.4%
KOJAMO
-0.8%
FI Real Estate
6.4%
FI Market
Return vs Industry: KOJAMO exceeded the Finnish Real Estate industry which returned -0.8% over the past year.
Return vs Market: KOJAMO exceeded the Finnish Market which returned 6.4% over the past year.
Shareholder returns
| KOJAMO | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.4% | 1.1% |
| 30 Day | -4.3% | -2.5% | 1.5% |
| 90 Day | -9.0% | 4.8% | 10.6% |
| 1 Year | 22.0%19.4% | 1.7%-0.8% | 15.5%6.4% |
| 3 Year | n/a | 24.1%14.4% | 22.4%1.2% |
| 5 Year | n/a | 64.9%41.7% | 60.8%26.7% |
Price Volatility Vs. Market
How volatile is Kojamo Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
How Many Kojamo Oyj (HEL:KOJAMO) Shares Do Institutions Own?1 month ago | Simply Wall St
Kojamo Oyj (HEL:KOJAMO) Is Growing Earnings But Are They A Good Guide?3 months ago | Simply Wall St
What Type Of Shareholder Owns Kojamo Oyj's (HEL:KOJAMO)?Valuation
Is Kojamo Oyj undervalued compared to its fair value and its price relative to the market?
5.46x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KOJAMO (€18.24) is trading above our estimate of fair value (€3.76)
Significantly Below Fair Value: KOJAMO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KOJAMO is good value based on its PE Ratio (5.5x) compared to the XE Real Estate industry average (12x).
PE vs Market: KOJAMO is good value based on its PE Ratio (5.5x) compared to the Finnish market (24x).
Price to Earnings Growth Ratio
PEG Ratio: KOJAMO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KOJAMO is overvalued based on its PB Ratio (1.5x) compared to the XE Real Estate industry average (1x).
Next Steps
Future Growth
How is Kojamo Oyj forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-10.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KOJAMO's earnings are forecast to decline over the next 3 years (-10.2% per year).
Earnings vs Market: KOJAMO's earnings are forecast to decline over the next 3 years (-10.2% per year).
High Growth Earnings: KOJAMO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KOJAMO's revenue (5.4% per year) is forecast to grow faster than the Finnish market (4.4% per year).
High Growth Revenue: KOJAMO's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KOJAMO's Return on Equity is forecast to be low in 3 years time (6.1%).
Next Steps
Past Performance
How has Kojamo Oyj performed over the past 5 years?
32.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOJAMO has a large one-off gain of €865.8M impacting its June 30 2020 financial results.
Growing Profit Margin: KOJAMO's current net profit margins are higher than last year (57.6%).
Past Earnings Growth Analysis
Earnings Trend: KOJAMO's earnings have grown significantly by 32.2% per year over the past 5 years.
Accelerating Growth: KOJAMO's earnings growth over the past year (291.8%) exceeds its 5-year average (32.2% per year).
Earnings vs Industry: KOJAMO earnings growth over the past year (291.8%) exceeded the Real Estate industry -0.3%.
Return on Equity
High ROE: Whilst KOJAMO's Return on Equity (26.66%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Kojamo Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: KOJAMO's short term assets (€610.4M) exceed its short term liabilities (€357.8M).
Long Term Liabilities: KOJAMO's short term assets (€610.4M) do not cover its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: KOJAMO's debt to equity ratio (101.8%) is considered high.
Reducing Debt: KOJAMO's debt to equity ratio has reduced from 113.5% to 101.8% over the past 5 years.
Debt Coverage: KOJAMO's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: KOJAMO's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Kojamo Oyj current dividend yield, its reliability and sustainability?
1.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KOJAMO's dividend (1.86%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.91%).
High Dividend: KOJAMO's dividend (1.86%) is low compared to the top 25% of dividend payers in the Finnish market (4.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KOJAMO has been paying a dividend for less than 10 years.
Growing Dividend: KOJAMO's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.2%), KOJAMO's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KOJAMO's dividends in 3 years are forecast to be covered by earnings (61.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Jani Nieminen (52 yo)
9.75yrs
Tenure
€923,165
Compensation
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 Ex ...
CEO Compensation Analysis
Compensation vs Market: Jani's total compensation ($USD1.08M) is below average for companies of similar size in the Finnish market ($USD2.49M).
Compensation vs Earnings: Jani's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 9.75yrs | €923.17k | 0.030% € 1.4m | |
| CFO & Deputy CEO | 5.42yrs | no data | 0.018% € 829.0k | |
| Chief Investment Officer | 1.75yrs | no data | no data | |
| Technical Manager | no data | no data | no data | |
| Information Management Director | 3.08yrs | no data | no data | |
| Manager of Investor Relations | no data | no data | no data | |
| Corporate Counsel | no data | no data | no data | |
| Marketing & Communications Director | 7.75yrs | no data | 0.0024% € 106.8k | |
| HR Manager | no data | no data | no data | |
| Chief Customer Officer | 1.75yrs | no data | no data | |
| Chief Digital Officer of ICT & Development | 0.75yr | no data | no data | |
| Head of Property Management | no data | no data | no data |
3.1yrs
Average Tenure
52yo
Average Age
Experienced Management: KOJAMO's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman of the Board | 4.75yrs | €46.20k | 0.00056% € 25.2k | |
| Director | 6.75yrs | €39.00k | 0.00047% € 21.2k | |
| Independent Director | 2.42yrs | €44.70k | 0.00056% € 25.2k | |
| Independent Chairman of the Board | 1.58yrs | €52.80k | 0.011% € 498.1k | |
| Independent Director | 1.58yrs | €30.90k | 0.00047% € 21.2k | |
| Independent Director | 10.75yrs | €40.20k | 0.00047% € 21.2k | |
| Independent Director | 2.42yrs | €39.00k | 0.00047% € 21.2k |
2.4yrs
Average Tenure
55yo
Average Age
Experienced Board: KOJAMO's board of directors are not considered experienced ( 2.4 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
Kojamo Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kojamo Oyj
- Ticker: KOJAMO
- Exchange: HLSE
- Founded: 1969
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €4.508b
- Shares outstanding: 247.14m
- Website: https://www.kojamo.fi
Number of Employees
Location
- Kojamo Oyj
- Mannerheimintie 168a
- PO Box 40
- Helsinki
- Uusimaa
- 301
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| V4OC | DB (Deutsche Boerse AG) | Yes | Series A Shares | DE | EUR | Jun 2018 |
| KOJAMO | HLSE (OMX Nordic Exchange Helsinki) | Yes | Series A Shares | FI | EUR | Jun 2018 |
| KOJAMH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Series A Shares | GB | EUR | Jun 2018 |
| 0A0E | LSE (London Stock Exchange) | Yes | Series A Shares | GB | EUR | Jun 2018 |
| KOJA.F | OTCPK (Pink Sheets LLC) | Yes | Series A Shares | US | USD | Jun 2018 |
Biography
Kojamo Oyj, a private residential real estate company, provides rental apartments and housing services in Finland. The company rents and manages apartments under the Lumo brand name. As of December 31, 201 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/18 22:00 |
| End of Day Share Price | 2020/10/16 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.