HLSE:TOKMAN

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Tokmanni Group Oyj

Executive Summary

Tokmanni Group Oyj operates general discount retail chain in Finland.


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

5.8%

TOKMAN

1.3%

FI Multiline Retail

-1.1%

FI Market


1 Year Return

71.4%

TOKMAN

-10.3%

FI Multiline Retail

-2.2%

FI Market

Return vs Industry: TOKMAN exceeded the Finnish Multiline Retail industry which returned -10.3% over the past year.

Return vs Market: TOKMAN exceeded the Finnish Market which returned -2.2% over the past year.


Shareholder returns

TOKMANIndustryMarket
7 Day5.8%1.3%-1.1%
30 Day8.4%-3.8%-5.4%
90 Day36.5%18.8%13.5%
1 Year75.4%71.4%-8.0%-10.3%3.5%-2.2%
3 Year116.4%89.4%-0.5%-12.5%9.2%-4.6%
5 Yearn/a-33.7%-47.3%35.7%9.0%

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

Valuation

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

23.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOKMAN (€13.92) 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 (17.4x) compared to the Multiline Retail industry average (27.4x).

PE vs Market: TOKMAN is good value based on its PE Ratio (17.4x) compared to the Finnish market (19.9x).


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 (4.4x) 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 (13.6% 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?

4.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TOKMAN's dividend (4.45%) is higher than the bottom 25% of dividend payers in the Finnish market (2.39%).

High Dividend: TOKMAN's dividend (4.45%) is low compared to the top 25% of dividend payers in the Finnish market (5.14%).


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 ($USD503.58K) is about average for companies of similar size in the Finnish market ($USD605.18K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mika Rautiainen
CEO & Member of Executive Board2.08yrs€444.97k0.24% 2.0m
Markku Pirskanen
CFO, Deputy CEO & Member of Executive Board3.17yrsno data0.028% 229.7k
Sirpa Huuskonen
Director of Human Resources & Member of Executive Board4.17yrsno data0.026% 217.1k
Mathias Kivikoski
Sales & Marketing Director and Member of Executive Board4.5yrsno data0.054% 445.4k
Tuomas Hyvärinen
Purchasing Director & Member of Executive Board2.17yrsno data0.068% 556.8k
Janne Pihkala
Director of Strategy & Business Development and Member of Executive Board2.25yrsno data0.068% 561.2k
Timo Heimo
Director of Information Management & Supply Chain and Member of Executive Board1.58yrsno data0.059% 487.2k
Harri Koponen
Director of Store Network & Concept and Member of Executive Board2.42yrsno data0.056% 462.6k
Matti Korolainen
Commercial Director & Member of the Executive Group0.92yrno data0.15% 1.2m
Pasi Karhapää
Chief Information Officer13.5yrsno datano data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Management: TOKMAN's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Juha Blomster
Independent Director2.33yrs€45.00k0.0061% 49.7k
Erkki Järvinen
Independent Director2.33yrs€44.00k0.0027% 21.9k
Harri Sivula
Independent Director8.5yrs€45.00k0.78% 6.4m
Seppo Saastamoinen
Chairman of the Board2.33yrs€102.00k0.12% 952.3k
Thérèse Cedercreutz
Independent Director4.25yrs€41.00k0.0038% 30.8k
Ulla Lettijeff
Director0.17yrno datano 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: €819.366m
  • Shares outstanding: 58.86m
  • Website: https://www.tokmanni.fi

Number of Employees


Location

  • Tokmanni Group Oyj
  • Isolammintie 1
  • Mäntsälä
  • Uusimaa
  • 4600
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOKMANHLSE (OMX Nordic Exchange Helsinki)YesA SharesFIEURApr 2016
0RG2LSE (London Stock Exchange)YesA SharesGBEURApr 2016
TK9DB (Deutsche Boerse AG)YesA SharesDEEURApr 2016
TOKMAHBATS-CHIXE (BATS 'Chi-X Europe')YesA SharesGBEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 20:57
End of Day Share Price2020/07/08 00:00
Earnings2019/12/31
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.