HLSE:MUSTI

Stock Analysis Report

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Executive Summary

Musti Group Oyj operates as a pet care specialist in Finland, Sweden, and Norway. More Details

Rewards

Earnings are forecast to grow 21.21% per year

Earnings grew by 185.3% over the past year

Risk Analysis

No risks detected for MUSTI from our risk checks.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MUSTI is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MUSTI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-7.0%

MUSTI

3.1%

FI Specialty Retail

-2.0%

FI Market


1 Year Return

164.6%

MUSTI

6.1%

FI Specialty Retail

16.7%

FI Market

Return vs Industry: MUSTI exceeded the Finnish Specialty Retail industry which returned 5.6% over the past year.

Return vs Market: MUSTI exceeded the Finnish Market which returned 15.3% over the past year.


Shareholder returns

MUSTIIndustryMarket
7 Day-7.0%3.1%-2.0%
30 Day2.2%7.2%-2.4%
90 Day26.4%2.5%3.4%
1 Year168.5%164.6%7.3%6.1%25.1%16.7%
3 Yearn/a17.6%9.0%34.6%11.3%
5 Yearn/a-0.9%-15.5%73.3%35.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

55.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MUSTI (€26.72) is trading above our estimate of fair value (€18.98)

Significantly Below Fair Value: MUSTI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MUSTI is poor value based on its PE Ratio (55.4x) compared to the XE Specialty Retail industry average (19.7x).

PE vs Market: MUSTI is poor value based on its PE Ratio (55.4x) compared to the Finnish market (27.8x).


Price to Earnings Growth Ratio

PEG Ratio: MUSTI is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: MUSTI is overvalued based on its PB Ratio (5.5x) compared to the XE Specialty Retail industry average (1.8x).


Next Steps

Future Growth

How is Musti Group Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MUSTI's forecast earnings growth (21.2% per year) is above the savings rate (0.3%).

Earnings vs Market: MUSTI's earnings (21.2% per year) are forecast to grow faster than the Finnish market (19.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MUSTI's revenue (10.4% per year) is forecast to grow faster than the Finnish market (3.5% per year).

High Growth Revenue: MUSTI's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MUSTI's Return on Equity is forecast to be low in 3 years time (19.7%).


Next Steps

Past Performance

How has Musti Group Oyj performed over the past 5 years?

185.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MUSTI has high quality earnings.

Growing Profit Margin: MUSTI's current net profit margins (5.3%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if MUSTI's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare MUSTI's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: MUSTI earnings growth over the past year (185.3%) exceeded the Specialty Retail industry -3.3%.


Return on Equity

High ROE: MUSTI's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Musti Group Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: MUSTI's short term assets (€72.4M) exceed its short term liabilities (€61.7M).

Long Term Liabilities: MUSTI's short term assets (€72.4M) do not cover its long term liabilities (€102.8M).


Debt to Equity History and Analysis

Debt Level: MUSTI's debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MUSTI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MUSTI's debt is well covered by operating cash flow (87.5%).

Interest Coverage: MUSTI's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.60%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MUSTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MUSTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MUSTI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MUSTI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MUSTI's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

David Ronnberg (43 yo)

4.08yrs

Tenure

Mr. David Ronnberg serves as Chief Executive Officer at Musti Group Oyj since 2017. Mr. Ronnberg is also the Chairman of the Board of Stapp Holding AB, CaMa Gruppen AB and CaMa Intressenter. Mr. Ronnberg i...


Leadership Team

NamePositionTenureCompensationOwnership
David Ronnberg
Chief Executive Officer4.08yrsno data2.28%
€ 20.7m
Robert Berglund
Chief Financial Officer4.08yrsno data1.31%
€ 11.9m
Essi Nikitin
Head of Investor Relations & Communicationsno datano datano data
Nanna Martin-Lof
Head of Human Resources3.08yrsno data0.024%
€ 221.5k
Sami Tanner
Head of Strategy3.08yrsno datano data
Ellinor Nilsson
Chief Commercial Officer3.08yrsno data0.077%
€ 696.0k
Malin Nygren
Chief Customer Officer2.08yrsno datano data
Tobias Nilsson
Chief Supply Officer2.08yrsno data0.012%
€ 108.8k
Erik Skjærstad
Country Directorno datano data0.073%
€ 668.0k
Daniel Petterson
Country Directorno datano data0.11%
€ 1.0m
Timo Tervo
Country Directorno datano datano data

3.1yrs

Average Tenure

43yo

Average Age

Experienced Management: MUSTI's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ingrid Blank
Independent Vice-Chairman of the Board1.08yrs€30.00k0.18%
€ 1.6m
Jeffrey David
Independent Chairman of the Board4.08yrs€60.00k0.64%
€ 5.8m
Ilkka Laurila
Independent Director0.083yrno datano data
Juho Frilander
Independent Director2.42yrsno datano data

1.8yrs

Average Tenure

49.5yo

Average Age

Experienced Board: MUSTI's board of directors are not considered experienced ( 1.8 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

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


Key Information

  • Name: Musti Group Oyj
  • Ticker: MUSTI
  • Exchange: HLSE
  • Founded: 1988
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: €908.846m
  • Shares outstanding: 33.41m
  • Website: https://www.mustigroup.com

Number of Employees


Location

  • Musti Group Oyj
  • Mäkitorpantie 3
  • Helsinki
  • Uusimaa
  • 620
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
49UDB (Deutsche Boerse AG)YesShare CapitalDEEURFeb 2020
MUSTIHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURFeb 2020
0A3BLSE (London Stock Exchange)YesShare CapitalGBEURFeb 2020
MUSTIHBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURFeb 2020

Biography

Musti Group Oyj operates as a pet care specialist in Finland, Sweden, and Norway. The company offers a range of pet products in the food and non-food categories under own and third-party brands. It also pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 19:49
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


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.