HLSE:KAMUX

Stock Analysis Report

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Executive Summary

Kamux Oyj engages in the retail and wholesale of used cars and integrated services through showrooms and website.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Kamux Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KAMUX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.4%

KAMUX

-2.9%

FI Specialty Retail

-2.0%

FI Market


1 Year Return

43.9%

KAMUX

-14.2%

FI Specialty Retail

-5.9%

FI Market

Return vs Industry: KAMUX exceeded the Finnish Specialty Retail industry which returned -14.8% over the past year.

Return vs Market: KAMUX exceeded the Finnish Market which returned -7.2% over the past year.


Shareholder returns

KAMUXIndustryMarket
7 Day0.4%-2.9%-2.0%
30 Day5.0%-1.3%0.6%
90 Day17.4%-0.2%8.5%
1 Year46.7%43.9%-12.9%-14.2%3.1%-5.9%
3 Year-2.5%-8.6%-25.4%-31.1%7.4%-9.1%
5 Yearn/a-25.4%-36.6%33.3%5.5%

Price Volatility Vs. Market

How volatile is Kamux Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kamux Oyj undervalued compared to its fair value and its price relative to the market?

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KAMUX (€7.77) is trading below our estimate of fair value (€14.39)

Significantly Below Fair Value: KAMUX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KAMUX is poor value based on its PE Ratio (17x) compared to the XE Specialty Retail industry average (13x).

PE vs Market: KAMUX is good value based on its PE Ratio (17x) compared to the Finnish market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KAMUX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KAMUX is overvalued based on its PB Ratio (3.7x) compared to the XE Specialty Retail industry average (1.1x).


Next Steps

Future Growth

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

28.2%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kamux Oyj has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kamux Oyj performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KAMUX has high quality earnings.

Growing Profit Margin: KAMUX's current net profit margins (2.7%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: KAMUX's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: KAMUX's earnings growth over the past year (23.4%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: KAMUX earnings growth over the past year (23.4%) exceeded the Specialty Retail industry -4.6%.


Return on Equity

High ROE: KAMUX's Return on Equity (21.8%) is considered high.


Next Steps

Financial Health

How is Kamux Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: KAMUX's short term assets (€121.1M) exceed its short term liabilities (€37.5M).

Long Term Liabilities: KAMUX's short term assets (€121.1M) exceed its long term liabilities (€65.8M).


Debt to Equity History and Analysis

Debt Level: KAMUX's debt to equity ratio (33.3%) is considered satisfactory.

Reducing Debt: KAMUX's debt to equity ratio has reduced from 146.2% to 33.3% over the past 5 years.

Debt Coverage: KAMUX's debt is well covered by operating cash flow (100.7%).

Interest Coverage: KAMUX's interest payments on its debt are well covered by EBIT (35.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Kamux Oyj current dividend yield, its reliability and sustainability?

2.96%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: KAMUX's dividend (2.96%) is higher than the bottom 25% of dividend payers in the Finnish market (2.43%).

High Dividend: KAMUX's dividend (2.96%) is low compared to the top 25% of dividend payers in the Finnish market (5.38%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KAMUX has been paying a dividend for less than 10 years.

Growing Dividend: KAMUX's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.3%), KAMUX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Juha Kalliokoski (50yo)

19.5yrs

Tenure

€353,006

Compensation

Mr. Juha Kalliokoski has been the Chief Executive Officer of Kamux Oyj since 2001. Mr. Kalliokoski served as Sales Manager and was Partner of Skapat Oy from 1999 to 2000. He served as Car Salesman and Sale ...


CEO Compensation Analysis

Compensation vs Market: Juha's total compensation ($USD401.19K) is about average for companies of similar size in the Finnish market ($USD540.15K).

Compensation vs Earnings: Juha's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Juha Kalliokoski
Chief Executive Officer19.5yrs€353.01k14.1% 43.8m
Marko Lehtonen
Chief Financial Officer1.08yrsno data0.0073% 22.5k
Satu Otala
Director of Communications5.5yrsno data0.097% 300.9k
Mikko-Heikki Inkeroinen
Chief Digital Officer2.42yrsno data0.0060% 18.5k
Milla Kärpänen
Group Controller3.92yrsno datano data

3.9yrs

Average Tenure

49yo

Average Age

Experienced Management: KAMUX's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jokke Paananen
Independent Director9.5yrs€20.40kno data
Harri Sivula
Independent Chairman of the Board0.25yr€21.90k0.088% 272.0k
David Nuutinen
Independent Vice Chairman of the Board0.25yr€20.40k0.064% 197.4k
Reija Laaksonen
Independent Director3.33yrs€21.90k0.011% 33.8k
Antti Makela
Independent Director0.25yrno datano data
Tuomo Vahapassi
Independent Director0.25yrno datano data

0.3yrs

Average Tenure

49.5yo

Average Age

Experienced Board: KAMUX's board of directors are not considered experienced ( 0.3 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

Kamux Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kamux Oyj
  • Ticker: KAMUX
  • Exchange: HLSE
  • Founded: 2003
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: €310.665m
  • Shares outstanding: 39.98m
  • Website: https://www.kamux.com

Number of Employees


Location

  • Kamux Oyj
  • Parolantie 66 A
  • Hämeenlinna
  • Tavastia Proper
  • 13130
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KAMUXHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURMay 2017
0RP3LSE (London Stock Exchange)YesShare CapitalGBEURMay 2017
KAMUXHBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURMay 2017

Biography

Kamux Oyj engages in the retail and wholesale of used cars and integrated services through showrooms and website. As of December 31, 2019, it operated 48 showrooms in Finland; 17 showrooms in Sweden; and 6 showrooms in Germany. It also offers financing and insurance products to its customers; and sells used cars in auctions. The company was founded in 2003 and is headquartered in Hämeenlinna, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 20:57
End of Day Share Price2020/07/13 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.