Kojamo Oyj, a real estate investment company, provides rental apartments and housing services in Finland.
Solid track record and slightly overvalued.
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.
7 Day Return
FI Real Estate
1 Year Return
FI Real Estate
Return vs Industry: KOJAMO exceeded the Finnish Real Estate industry which returned 28% over the past year.
Return vs Market: KOJAMO exceeded the Finnish Market which returned 9.8% over the past year.
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
2 weeks ago | Simply Wall StWhat Kind Of Investor Owns Most Of Kojamo Oyj (HEL:KOJAMO)?
1 month ago | Simply Wall StIs Kojamo Oyj's (HEL:KOJAMO) High P/E Ratio A Problem For Investors?
1 month ago | Simply Wall StHere's Why We Don't Think Kojamo Oyj's (HEL:KOJAMO) Statutory Earnings Reflect Its Underlying Earnings Potential
Is Kojamo Oyj undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KOJAMO (€18.62) is trading above our estimate of fair value (€4.63)
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 (5.6x) compared to the Real Estate industry average (13.6x).
PE vs Market: KOJAMO is good value based on its PE Ratio (5.6x) compared to the Finnish market (22.1x).
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 (1.2x).
How is Kojamo Oyj forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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 (-48.1% per year).
Earnings vs Market: KOJAMO's earnings are forecast to decline over the next 3 years (-48.1% per year).
High Growth Earnings: KOJAMO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KOJAMO's revenue (5.5% per year) is forecast to grow faster than the Finnish market (-0.1% per year).
High Growth Revenue: KOJAMO's revenue (5.5% 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 (5.2%).
How has Kojamo Oyj performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOJAMO has a large one-off gain of €872.5M impacting its December 31 2019 financial results.
Growing Profit Margin: KOJAMO's current net profit margins are higher than last year (61.8%).
Past Earnings Growth Analysis
Earnings Trend: KOJAMO's earnings have grown significantly by 21.4% per year over the past 5 years.
Accelerating Growth: KOJAMO's earnings growth over the past year (272%) exceeds its 5-year average (21.4% per year).
Earnings vs Industry: KOJAMO earnings growth over the past year (272%) exceeded the Real Estate industry 4.8%.
Return on Equity
High ROE: KOJAMO's Return on Equity (26.7%) is considered high.
Return on Assets
Return on Capital Employed
How is Kojamo Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: KOJAMO's short term assets (€277.6M) do not cover its short term liabilities (€311.4M).
Long Term Liabilities: KOJAMO's short term assets (€277.6M) do not cover its long term liabilities (€3.2B).
Debt to Equity History and Analysis
Debt Level: KOJAMO's debt to equity ratio (86.8%) is considered high.
Reducing Debt: KOJAMO's debt to equity ratio has reduced from 117.1% to 86.8% over the past 5 years.
Debt Coverage: KOJAMO's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: KOJAMO's interest payments on its debt are well covered by EBIT (4.4x coverage).
Inventory Level: KOJAMO has a high level of physical assets or inventory.
Debt Coverage by Assets: KOJAMO's debt is not covered by short term assets (assets are 0.1x debt).
What is Kojamo Oyj's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KOJAMO's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.13%).
High Dividend: KOJAMO's dividend (1.83%) is low compared to the top 25% of dividend payers in the Finnish market (4.55%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether KOJAMO's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if KOJAMO's dividend payments are increasing as they only just started paying a dividend.
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 (67.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jani Nieminen (51yo)
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 ($USD1.00M) is about average for companies of similar size in the Finnish market ($USD1.17M).
Compensation vs Earnings: Jani's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||9.1yrs||€923.17k||0.030% €1.4m|
|CFO & Deputy CEO||4.8yrs||no data||0.018% €846.3k|
|Chief Investment Officer||1.1yrs||no data||no data|
|Information Management Director||2.4yrs||no data||no data|
|Manager of Investor Relations||0yrs||no data||no data|
|Corporate Counsel||0yrs||no data||no data|
|Marketing & Communications Director||7.1yrs||no data||0.0024% €109.1k|
|Chief Customer Officer||1.1yrs||no data||no data|
|Chief Digital Officer||0.08yrs||no data||no data|
Experienced Management: KOJAMO's management team is considered experienced (2.4 years average tenure).
|Vice Chairman||4.1yrs||€46.20k||0.00056% €25.8k|
|Independent Director||1.8yrs||€44.70k||0.00056% €25.8k|
|Independent Chairman of the Board||0.9yrs||€52.80k||0.011% €508.5k|
|Independent Director||0.9yrs||€30.90k||0.00047% €21.6k|
|Independent Director||10.1yrs||€40.20k||0.00047% €21.6k|
|Independent Director||1.8yrs||€39.00k||0.00047% €21.6k|
Experienced Board: KOJAMO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
Kojamo Oyj's company bio, employee growth, exchange listings and data sources
- Name: Kojamo Oyj
- Ticker: KOJAMO
- Exchange: HLSE
- Founded: 1969
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €4.602b
- Shares outstanding: 247.14m
- Website: https://www.kojamo.fi
Number of Employees
- Kojamo Oyj
- Mannerheimintie 168a
- PO Box 40
|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|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 22:56|
|End of Day Share Price||2020/02/21 00:00|
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.