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Kojamo Oyj

HLSE:KOJAMO
Snowflake Description

Mediocre balance sheet unattractive dividend payer.

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

Kojamo Oyj, a real estate investment company, provides rental apartments and housing services in Finland. The last earnings update was 41 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
1.4%
HLSE:KOJAMO
2.9%
FI Real Estate
0.3%
FI Market
1 Year Returns
46.3%
HLSE:KOJAMO
26.3%
FI Real Estate
-4.1%
FI Market
KOJAMO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kojamo Oyj (KOJAMO) 1.4% 17.6% 25.5% 46.3% - -
FI Real Estate 2.9% 11.5% 17.6% 26.3% 26.7% 58.3%
FI Market 0.3% 0.4% -4.2% -4.1% 20.9% 25.9%
1 Year Return vs Industry and Market
  • KOJAMO outperformed the Real Estate industry which returned 26.3% over the past year.
  • KOJAMO outperformed the Market in Finland which returned -4.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

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.
Raw Data

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

HLSE:KOJAMO Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for HLSE:KOJAMO
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))
= 1.03 (1 + (1- 20%) (85.22%))
1.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.49 * 6.51%)
10.24%

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.

HLSE:KOJAMO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.24%)
2019 127.50 Analyst x2 115.65
2020 159.00 Analyst x2 130.83
2021 167.50 Analyst x2 125.02
2022 173.88 Est @ 3.81% 117.72
2023 178.80 Est @ 2.83% 109.81
2024 182.63 Est @ 2.14% 101.74
2025 185.66 Est @ 1.66% 93.82
2026 188.12 Est @ 1.32% 86.23
2027 190.17 Est @ 1.09% 79.07
2028 191.93 Est @ 0.92% 72.39
Present value of next 10 years cash flows €1,032.28
HLSE:KOJAMO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €191.93 × (1 + 0.54%) ÷ (10.24% – 0.54%)
€1,988.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,988.93 ÷ (1 + 10.24%)10
€750.15
HLSE:KOJAMO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,032.28 + €750.15
€1,782.43
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,782.43 / 247.14
€7.21
HLSE:KOJAMO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.21
Current discount Discount to share price of €12.80
= -1 x (€12.80 - €7.21) / €7.21
-77.5%

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.
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 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?
Raw Data
HLSE:KOJAMO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.88
HLSE:KOJAMO Share Price ** HLSE (2019-06-19) in EUR €12.8
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 20.41x

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

** Primary Listing of Kojamo Oyj.

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

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

= 12.8 ÷ 0.88

14.48x

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?
Raw Data
HLSE:KOJAMO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.48x
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 -0.2x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.74x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.48x ÷ -3%

-4.84x

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?
Raw Data
HLSE:KOJAMO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €9.32
HLSE:KOJAMO Share Price * HLSE (2019-06-19) in EUR €12.8
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:KOJAMO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.8 ÷ 9.32

1.37x

* 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.
X
Value checks
We assess Kojamo 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. 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!
Annual Growth Rate
-3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kojamo Oyj expected to grow at an attractive rate?
  • 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
Raw Data
HLSE:KOJAMO Future Growth Rates Data Sources
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%
Finland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.6%
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
Raw Data
HLSE:KOJAMO Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:KOJAMO Future Estimates Data
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
HLSE:KOJAMO Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Kojamo Oyj's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kojamo Oyj's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (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:KOJAMO 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.

HLSE:KOJAMO Future Estimates Data
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
HLSE:KOJAMO Past Financials Data
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.

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.
  • Kojamo Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kojamo 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.
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
Below we compare Kojamo 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.
  • 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
Kojamo 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 Kojamo Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:KOJAMO Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Kojamo 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Kojamo 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 0.2x 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.
Raw Data

All data from Kojamo Oyj Company Filings, last reported 2 months ago.

HLSE:KOJAMO Past Debt and Equity Data
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).
X
Financial health checks
We assess Kojamo 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. Kojamo Oyj has a total score of 3/6, 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.

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
Dividend payments
2.27%
Current annual income from Kojamo Oyj dividends. Estimated to be 2.85% next year.
If you bought €2,000 of Kojamo Oyj shares you are expected to receive €45 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?
  • Kojamo Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.34%).
  • Kojamo Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.22%).
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:KOJAMO 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 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 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

HLSE:KOJAMO Future Dividends Estimate Data
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
HLSE:KOJAMO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.290 2.649
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.
Current Payout to shareholders
What portion of Kojamo Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Kojamo 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 Kojamo Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Kojamo 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
Jani Nieminen
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:

1.8
Average Tenure
50
Average Age
  • The average tenure for the Kojamo Oyj management team is less than 2 years, this suggests a new team.
Management Team

Jani Nieminen

TITLE
Chief Executive Officer
COMPENSATION
€872K
AGE
50
TENURE
8.4 yrs

Erik Hjelt

TITLE
CFO & Deputy CEO
AGE
57
TENURE
4.1 yrs

Ville Raitio

TITLE
Chief Investment Officer
AGE
40
TENURE
0.4 yrs

Mikko Pöyry

TITLE
Information Management Director
AGE
62
TENURE
1.8 yrs

Maija Hongas

TITLE
Manager of Investor Relations

Kristiina Niemi

TITLE
Corporate Counsel

Irene Kantor

TITLE
Marketing & Communications Director
AGE
50
TENURE
6.4 yrs

Teemu Suila

TITLE
Chief Development Officer
AGE
48
TENURE
1.8 yrs

Tiina Kuusisto

TITLE
Chief Customer Officer
AGE
50
TENURE
0.4 yrs
Board of Directors Tenure

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

1.1
Average Tenure
53
Average Age
  • 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

TITLE
Chairman
AGE
53
TENURE
0.3 yrs

Mikko Mursula

TITLE
Vice Chairman
AGE
52
TENURE
3.4 yrs

Anne Leskelä

TITLE
Director
AGE
56
TENURE
1.1 yrs

Matti Harjuniemi

TITLE
Director
AGE
60
TENURE
9.4 yrs

Reima Rytsölä

TITLE
Director
AGE
49
TENURE
5.4 yrs

Minna Metsälä

TITLE
Director
AGE
51
TENURE
1.1 yrs

Heli Puura

TITLE
Director
AGE
53
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kojamo 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. 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 -

What 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 -

Should 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 -

Are 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 -

How 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 -

How 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 -

Is 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 -

Kojamo 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 -

Why 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 -

What 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 -

KOJAMO 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
€3,163,448,307
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
Staff numbers
299
Kojamo Oyj employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 22:45
End of day share price update: 2019/06/19 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.