Tokmanni Group Oyj
Market Cap
€826.4m
Last Updated
2020/07/05 20:50 UTC
Data Sources
Company Financials +
Executive Summary
Tokmanni Group Oyj operates general discount retail chain in Finland.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record and good value.
Similar Companies
Share Price & News
How has Tokmanni Group Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TOKMAN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.3%
TOKMAN
2.6%
FI Multiline Retail
-1.8%
FI Market
1 Year Return
75.5%
TOKMAN
-10.6%
FI Multiline Retail
-3.9%
FI Market
Return vs Industry: TOKMAN exceeded the Finnish Multiline Retail industry which returned -10.6% over the past year.
Return vs Market: TOKMAN exceeded the Finnish Market which returned -3.9% over the past year.
Shareholder returns
| TOKMAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | 2.6% | -1.8% |
| 30 Day | 10.7% | -3.5% | -5.7% |
| 90 Day | 52.3% | 29.4% | 16.2% |
| 1 Year | 79.6%75.5% | -8.3%-10.6% | 1.9%-3.9% |
| 3 Year | 119.7%92.3% | -4.3%-15.9% | 9.0%-5.0% |
| 5 Year | n/a | -32.9%-46.7% | 38.3%10.8% |
Price Volatility Vs. Market
How volatile is Tokmanni Group Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Tokmanni Group Oyj's (HEL:TOKMAN) Stock Is Going Strong: Is the Market Following Fundamentals?3 weeks ago | Simply Wall St
Should Tokmanni Group Oyj (HEL:TOKMAN) Be Part Of Your Dividend Portfolio?1 month ago | Simply Wall St
Here's Why Tokmanni Group Oyj (HEL:TOKMAN) Can Manage Its Debt ResponsiblyValuation
Is Tokmanni Group Oyj undervalued compared to its fair value and its price relative to the market?
22.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TOKMAN (€14.04) is trading below our estimate of fair value (€18.18)
Significantly Below Fair Value: TOKMAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TOKMAN is good value based on its PE Ratio (17.5x) compared to the Multiline Retail industry average (20.3x).
PE vs Market: TOKMAN is good value based on its PE Ratio (17.5x) compared to the Finnish market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: TOKMAN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: TOKMAN is overvalued based on its PB Ratio (4.5x) compared to the XE Multiline Retail industry average (3.1x).
Next Steps
Future Growth
How is Tokmanni Group Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
12.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOKMAN's forecast earnings growth (12.3% per year) is above the savings rate (0.4%).
Earnings vs Market: TOKMAN's earnings (12.3% per year) are forecast to grow slower than the Finnish market (14% per year).
High Growth Earnings: TOKMAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TOKMAN's revenue (3% per year) is forecast to grow slower than the Finnish market (4.9% per year).
High Growth Revenue: TOKMAN's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TOKMAN's Return on Equity is forecast to be high in 3 years time (28.7%)
Next Steps
Past Performance
How has Tokmanni Group Oyj performed over the past 5 years?
23.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TOKMAN has high quality earnings.
Growing Profit Margin: TOKMAN's current net profit margins (5%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: TOKMAN's earnings have grown significantly by 23.4% per year over the past 5 years.
Accelerating Growth: TOKMAN's earnings growth over the past year (31.8%) exceeds its 5-year average (23.4% per year).
Earnings vs Industry: TOKMAN earnings growth over the past year (31.8%) exceeded the Multiline Retail industry 2.5%.
Return on Equity
High ROE: TOKMAN's Return on Equity (25.5%) is considered high.
Next Steps
Financial Health
How is Tokmanni Group Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: TOKMAN's short term assets (€270.7M) exceed its short term liabilities (€180.6M).
Long Term Liabilities: TOKMAN's short term assets (€270.7M) do not cover its long term liabilities (€365.6M).
Debt to Equity History and Analysis
Debt Level: TOKMAN's debt to equity ratio (54%) is considered high.
Reducing Debt: TOKMAN's debt to equity ratio has reduced from 713.4% to 54% over the past 5 years.
Debt Coverage: TOKMAN's debt is well covered by operating cash flow (84.3%).
Interest Coverage: TOKMAN's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Tokmanni Group Oyj current dividend yield, its reliability and sustainability?
4.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TOKMAN's dividend (4.42%) is higher than the bottom 25% of dividend payers in the Finnish market (2.43%).
High Dividend: TOKMAN's dividend (4.42%) is low compared to the top 25% of dividend payers in the Finnish market (5.1%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TOKMAN has been paying a dividend for less than 10 years.
Growing Dividend: TOKMAN's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.4%), TOKMAN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TOKMAN's dividends in 3 years are forecast to be covered by earnings (71.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Mika Rautiainen (58yo)
2.08yrs
Tenure
€444,966
Compensation
Mr. Mika Rautiainen, M.Sc. (Econ.), is the Chie Executive Officer of Tokmanni Group Oyj since June 1, 2018. Mr. Rautiainen served as Vice President of K-Market - Kesko Food Ltd at Kesko Oyj. Mr. Rautiainen ...
CEO Compensation Analysis
Compensation vs Market: Mika's total compensation ($USD500.24K) is about average for companies of similar size in the Finnish market ($USD601.99K).
Compensation vs Earnings: Mika's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | 2.08yrs | €444.97k | 0.24% €2.0m | |
| CFO, Deputy CEO & Member of Executive Board | 3.17yrs | no data | 0.028% €231.6k | |
| Director of Human Resources & Member of Executive Board | 4.17yrs | no data | 0.026% €219.0k | |
| Sales & Marketing Director and Member of Executive Board | 4.5yrs | no data | 0.054% €449.2k | |
| Purchasing Director & Member of Executive Board | 2.17yrs | no data | 0.068% €561.6k | |
| Director of Strategy & Business Development and Member of Executive Board | 2.25yrs | no data | 0.068% €566.0k | |
| Director of Information Management & Supply Chain and Member of Executive Board | 1.58yrs | no data | 0.059% €491.4k | |
| Director of Store Network & Concept and Member of Executive Board | 2.42yrs | no data | 0.056% €466.6k | |
| Commercial Director & Member of the Executive Group | 0.92yr | no data | 0.15% €1.2m | |
| Chief Information Officer | 13.5yrs | no data | no data |
2.3yrs
Average Tenure
56yo
Average Age
Experienced Management: TOKMAN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.33yrs | €45.00k | 0.0061% €50.2k | |
| Independent Director | 2.33yrs | €44.00k | 0.0027% €22.1k | |
| Independent Director | 8.5yrs | €45.00k | 0.78% €6.5m | |
| Chairman of the Board | 2.33yrs | €102.00k | 0.12% €960.5k | |
| Independent Director | 4.25yrs | €41.00k | 0.0038% €31.1k | |
| Director | 0.17yr | no data | no data |
2.3yrs
Average Tenure
59yo
Average Age
Experienced Board: TOKMAN's board of directors are not considered experienced ( 2.3 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
Tokmanni Group Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tokmanni Group Oyj
- Ticker: TOKMAN
- Exchange: HLSE
- Founded:
- Industry: Department Stores
- Sector: Retail
- Market Cap: €826.429m
- Shares outstanding: 58.86m
- Website: https://www.tokmanni.fi
Number of Employees
Location
- Tokmanni Group Oyj
- Isolammintie 1
- Mäntsälä
- Uusimaa
- 4600
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TOKMAN | HLSE (OMX Nordic Exchange Helsinki) | Yes | A Shares | FI | EUR | Apr 2016 |
| 0RG2 | LSE (London Stock Exchange) | Yes | A Shares | GB | EUR | Apr 2016 |
| TK9 | DB (Deutsche Boerse AG) | Yes | A Shares | DE | EUR | Apr 2016 |
| TOKMAH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | A Shares | GB | EUR | Apr 2016 |
Biography
Tokmanni Group Oyj operates general discount retail chain in Finland. The company offers beauty and health, home, kitchen, décor, housekeeping, electronic and home appliances, tools, renovation and small iron, dressing, hobbies and leisure, motoring and boating, toys and childcare articles, pets, foods, courtyard, balcony, and garden products. As of December 31, 2019, the company operated 191 stores in Finland. It also operates an online store. Tokmanni Group Oyj is headquartered in Mantsala, Finland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 20:50 |
| End of Day Share Price | 2020/07/03 00:00 |
| Earnings | 2019/12/31 |
| 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.