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ADMC

Admicom Oyj HLSE:ADMCM Stock Report

Last Price

€61.60

Market Cap

€307.2m

7D

1.8%

1Y

-33.0%

Updated

09 Aug, 2022

Data

Company Financials +
ADMCM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health4/6
Dividends3/6

ADMCM Stock Overview

Admicom Oyj engages in the ERP cloud-based solutions in Finland.

Admicom Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Admicom Oyj
Historical stock prices
Current Share Price€61.60
52 Week High€100.00
52 Week Low€47.60
Beta1.1
1 Month Change5.12%
3 Month Change9.61%
1 Year Change-33.04%
3 Year Change34.21%
5 Year Changen/a
Change since IPO475.70%

Recent News & Updates

Jul 09
Is Now An Opportune Moment To Examine Admicom Oyj (HEL:ADMCM)?

Is Now An Opportune Moment To Examine Admicom Oyj (HEL:ADMCM)?

While Admicom Oyj ( HEL:ADMCM ) might not be the most widely known stock at the moment, it received a lot of attention...

Jun 24
Admicom Oyj (HEL:ADMCM) Shares Could Be 41% Below Their Intrinsic Value Estimate

Admicom Oyj (HEL:ADMCM) Shares Could Be 41% Below Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Admicom Oyj ( HEL:ADMCM ) by projecting its...

Shareholder Returns

ADMCMFI SoftwareFI Market
7D1.8%2.1%1.2%
1Y-33.0%-47.9%-19.7%

Return vs Industry: ADMCM exceeded the Finnish Software industry which returned -47.9% over the past year.

Return vs Market: ADMCM underperformed the Finnish Market which returned -19.7% over the past year.

Price Volatility

Is ADMCM's price volatile compared to industry and market?
ADMCM volatility
ADMCM Average Weekly Movement6.2%
Software Industry Average Movement5.7%
Market Average Movement5.0%
10% most volatile stocks in FI Market9.0%
10% least volatile stocks in FI Market3.4%

Stable Share Price: ADMCM is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ADMCM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004238Petri Kairinenhttps://www.admicom.fi

Admicom Oyj engages in the ERP cloud-based solutions in Finland. It also offers ERP system for building services, construction, and industrial sectors, accounting, and payroll services. The company was founded in 2004 and is headquartered in Jyväskylä, Finland.

Admicom Oyj Fundamentals Summary

How do Admicom Oyj's earnings and revenue compare to its market cap?
ADMCM fundamental statistics
Market Cap€307.17m
Earnings (TTM)€8.61m
Revenue (TTM)€28.03m

35.7x

P/E Ratio

11.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADMCM income statement (TTM)
Revenue€28.03m
Cost of Revenue€11.30m
Gross Profit€16.73m
Other Expenses€8.12m
Earnings€8.61m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.73
Gross Margin59.67%
Net Profit Margin30.71%
Debt/Equity Ratio50.1%

How did ADMCM perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

86%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ADMCM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADMCM?

Other financial metrics that can be useful for relative valuation.

ADMCM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.2x
Enterprise Value/EBITDA22.1x
PEG Ratio2.4x

Price to Earnings Ratio vs Peers

How does ADMCM's PE Ratio compare to its peers?

ADMCM PE Ratio vs Peers
The above table shows the PE ratio for ADMCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average55.2x
WITH WithSecure Oyj
9.9x30.9%€306.3m
LEMON Lemonsoft Oyj
123.2x29.4%€242.8m
BITTI Bittium Oyj
47.8x35.1%€178.2m
FSECURE F-Secure Oyj
39.7x15.0%€504.4m
ADMCM Admicom Oyj
35.7x14.9%€307.2m

Price-To-Earnings vs Peers: ADMCM is good value based on its Price-To-Earnings Ratio (35.7x) compared to the peer average (55.2x).


Price to Earnings Ratio vs Industry

How does ADMCM's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Earnings vs Industry: ADMCM is good value based on its Price-To-Earnings Ratio (35.7x) compared to the Finnish Software industry average (40.1x)


Price to Earnings Ratio vs Fair Ratio

What is ADMCM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADMCM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.7x
Fair PE Ratio30.9x

Price-To-Earnings vs Fair Ratio: ADMCM is expensive based on its Price-To-Earnings Ratio (35.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).


Share Price vs Fair Value

What is the Fair Price of ADMCM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADMCM (€61.6) is trading below our estimate of fair value (€93.95)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADMCM's forecast earnings growth (14.9% per year) is above the savings rate (0.2%).

Earnings vs Market: ADMCM's earnings (14.9% per year) are forecast to grow faster than the Finnish market (7.8% per year).

High Growth Earnings: ADMCM's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADMCM's revenue (12.9% per year) is forecast to grow faster than the Finnish market (1.7% per year).

High Growth Revenue: ADMCM's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADMCM's Return on Equity is forecast to be high in 3 years time (37.8%)


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Past Performance

How has Admicom Oyj performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


28.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADMCM has high quality earnings.

Growing Profit Margin: ADMCM's current net profit margins (30.7%) are lower than last year (32.3%).


Past Earnings Growth Analysis

Earnings Trend: ADMCM's earnings have grown significantly by 28.1% per year over the past 5 years.

Accelerating Growth: ADMCM's earnings growth over the past year (13.1%) is below its 5-year average (28.1% per year).

Earnings vs Industry: ADMCM earnings growth over the past year (13.1%) exceeded the Software industry -1.3%.


Return on Equity

High ROE: ADMCM's Return on Equity (33%) is considered high.


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Financial Health

How is Admicom Oyj's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ADMCM's short term assets (€13.4M) exceed its short term liabilities (€6.9M).

Long Term Liabilities: ADMCM's short term assets (€13.4M) do not cover its long term liabilities (€16.7M).


Debt to Equity History and Analysis

Debt Level: ADMCM's net debt to equity ratio (10.2%) is considered satisfactory.

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

Debt Coverage: ADMCM's debt is well covered by operating cash flow (82.5%).

Interest Coverage: ADMCM's interest payments on its debt are well covered by EBIT (115.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.44%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ADMCM's dividend (2.44%) is higher than the bottom 25% of dividend payers in the Finnish market (2.4%).

High Dividend: ADMCM's dividend (2.44%) is low compared to the top 25% of dividend payers in the Finnish market (4.81%).


Stability and Growth of Payments

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

Growing Dividend: ADMCM's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (86.4%), ADMCM's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69.4%), ADMCM's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

0.4yrs

Average management tenure


CEO

Petri Kairinen (45 yo)

0.17

Tenure

Mr. Petri Kairinen serves as President and CEO of Admicom Corporation at Admicom Oyj since June 2022. He was Managing Director of Nixu Oyj since February 14, 2022 until 2022 had been Chief Executive Office...


Leadership Team

Experienced Management: ADMCM's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: ADMCM's board of directors are not considered experienced ( 0.6 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

Admicom Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Admicom Oyj
  • Ticker: ADMCM
  • Exchange: HLSE
  • Founded: 2004
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: €307.166m
  • Shares outstanding: 4.99m
  • Website: https://www.admicom.fi

Number of Employees


Location

  • Admicom Oyj
  • VAeinOenkatu 26
  • Jyväskylä
  • Central Finland
  • 40100
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.