HLSE:HEEROS

Stock Analysis Report

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Executive Summary

Heeros Oyj provides cloud-based financial management solutions.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HEEROS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

HEEROS

4.0%

FI Software

2.8%

FI Market


1 Year Return

19.8%

HEEROS

51.7%

FI Software

1.5%

FI Market

Return vs Industry: HEEROS underperformed the Finnish Software industry which returned 52.8% over the past year.

Return vs Market: HEEROS exceeded the Finnish Market which returned 3.2% over the past year.


Shareholder returns

HEEROSIndustryMarket
7 Day2.3%4.0%2.8%
30 Day5.6%5.7%6.2%
90 Day10.8%22.0%10.0%
1 Year19.8%19.8%51.9%51.7%10.5%1.5%
3 Year-18.2%-18.2%16.4%14.5%19.2%-0.3%
5 Yearn/a-1.3%-5.8%45.5%14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HEEROS (€2.66) is trading below our estimate of fair value (€4.35)

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


Price To Earnings Ratio

PE vs Industry: HEEROS is unprofitable, so we can't compare its PE Ratio to the FI Software industry average.

PE vs Market: HEEROS is unprofitable, so we can't compare its PE Ratio to the Finnish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HEEROS's PB Ratio (6.5x) is in line with the FI Software industry average.


Next Steps

Future Growth

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

64.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEEROS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: HEEROS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HEEROS's is expected to become profitable in the next 3 years.

Revenue vs Market: HEEROS's revenue (10.4% per year) is forecast to grow faster than the Finnish market (5.1% per year).

High Growth Revenue: HEEROS'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: HEEROS's Return on Equity is forecast to be low in 3 years time (16%).


Next Steps

  • Explore growth companies in the Software industry.

Past Performance

How has Heeros Oyj performed over the past 5 years?

-15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HEEROS is currently unprofitable.

Growing Profit Margin: HEEROS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HEEROS is unprofitable, and losses have increased over the past 5 years at a rate of 15.6% per year.

Accelerating Growth: Unable to compare HEEROS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HEEROS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (91.5%).


Return on Equity

High ROE: HEEROS has a negative Return on Equity (-16.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is Heeros Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: HEEROS's short term assets (€1.1M) do not cover its short term liabilities (€2.1M).

Long Term Liabilities: HEEROS's short term assets (€1.1M) do not cover its long term liabilities (€1.8M).


Debt to Equity History and Analysis

Debt Level: HEEROS's debt to equity ratio (126.8%) is considered high.

Reducing Debt: HEEROS's debt to equity ratio has reduced from 185.6% to 126.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HEEROS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HEEROS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HEEROS'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 HEEROS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HEEROS'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 HEEROS'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?


CEO

Mikko Pilkama (48 yo)

no data

Tenure

Mr. Mikko Pilkama, M.Sc. (Econ.), serves as Chief Executive Officer at Heeros Oyj. He serves as Executive Vice President of Issuing Services at Nets Oy and serves as its Member of Executive Board. Mr. Pilk ...


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

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


Key Information

  • Name: Heeros Oyj
  • Ticker: HEEROS
  • Exchange: HLSE
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €11.704m
  • Shares outstanding: 4.40m
  • Website: https://www.heeros.com

Location

  • Heeros Oyj
  • Televisiokatu 4
  • Helsinki
  • Uusimaa
  • 240
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HEEROSHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURNov 2016
HERDB (Deutsche Boerse AG)YesShare CapitalDEEURNov 2016

Biography

Heeros Oyj provides cloud-based financial management solutions. The company offers automated solutions for purchase invoice workflow, invoice OCR processing, e-invoicing, e-archiving, SEPA payments, payabl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 22:27
End of Day Share Price2020/08/05 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.