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HEER

Heeros Oyj HLSE:HEEROS Stock Report

Last Price

€3.89

Market Cap

€20.3m

7D

11.1%

1Y

-37.9%

Updated

12 Aug, 2022

Data

Company Financials +
HEEROS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends0/6

HEEROS Stock Overview

Heeros Oyj provides cloud-based financial management solutions.

Heeros Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heeros Oyj
Historical stock prices
Current Share Price€3.89
52 Week High€6.68
52 Week Low€3.01
Beta1.19
1 Month Change1.83%
3 Month Change-2.75%
1 Year Change-37.86%
3 Year Change81.78%
5 Year Change64.13%
Change since IPO38.93%

Recent News & Updates

Jul 01
Is Now An Opportune Moment To Examine Heeros Oyj (HEL:HEEROS)?

Is Now An Opportune Moment To Examine Heeros Oyj (HEL:HEEROS)?

Heeros Oyj ( HEL:HEEROS ), might not be a large cap stock, but it saw a decent share price growth in the teens level on...

Mar 02
These 4 Measures Indicate That Heeros Oyj (HEL:HEEROS) Is Using Debt Safely

These 4 Measures Indicate That Heeros Oyj (HEL:HEEROS) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

HEEROSFI SoftwareFI Market
7D11.1%1.0%1.9%
1Y-37.9%-46.4%-18.7%

Return vs Industry: HEEROS exceeded the Finnish Software industry which returned -46.5% over the past year.

Return vs Market: HEEROS underperformed the Finnish Market which returned -18.6% over the past year.

Price Volatility

Is HEEROS's price volatile compared to industry and market?
HEEROS volatility
HEEROS Average Weekly Movement8.1%
Software Industry Average Movement5.7%
Market Average Movement5.0%
10% most volatile stocks in FI Market8.8%
10% least volatile stocks in FI Market3.3%

Stable Share Price: HEEROS is more volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HEEROS's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

FoundedEmployeesCEOWebsite
200098Mikko Pilkamahttps://www.heeros.com

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, payable and receivable ledgers, general ledger accounting, and mobile applications. It also provides implementation, training, and main user services.

Heeros Oyj Fundamentals Summary

How do Heeros Oyj's earnings and revenue compare to its market cap?
HEEROS fundamental statistics
Market Cap€20.33m
Earnings (TTM)€20.95k
Revenue (TTM)€10.32m

972.5x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HEEROS income statement (TTM)
Revenue€10.32m
Cost of Revenue€6.05m
Gross Profit€4.27m
Other Expenses€4.25m
Earnings€20.95k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.004
Gross Margin41.36%
Net Profit Margin0.20%
Debt/Equity Ratio34.9%

How did HEEROS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 HEEROS?

Other financial metrics that can be useful for relative valuation.

HEEROS 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/Revenue2.2x
Enterprise Value/EBITDA29.6x
PEG Ratio12.5x

Price to Sales Ratio vs Peers

How does HEEROS's PS Ratio compare to its peers?

HEEROS PS Ratio vs Peers
The above table shows the PS ratio for HEEROS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
QPR1V QPR Software Oyj
1.7x8.5%€14.1m
IFA1V Innofactor Oyj
0.6x3.6%€35.9m
SOLTEQ Solteq Oyj
0.5x6.0%€38.6m
EFECTE Efecte Oy
3.4x16.6%€65.7m
HEEROS Heeros Oyj
2x11.5%€20.3m

Price-To-Sales vs Peers: HEEROS is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: HEEROS is good value based on its Price-To-Sales Ratio (2x) compared to the Finnish Software industry average (2.1x)


Price to Sales Ratio vs Fair Ratio

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

HEEROS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: HEEROS is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).


Share Price vs Fair Value

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

Below Fair Value: HEEROS (€3.89) is trading below our estimate of fair value (€11.25)

Significantly Below Fair Value: HEEROS 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: Insufficient data to show price forecast.


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Future Growth

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

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


78.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEEROS's forecast earnings growth (78.1% per year) is above the savings rate (0.2%).

Earnings vs Market: HEEROS's earnings (78.1% per year) are forecast to grow faster than the Finnish market (7.8% per year).

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

Revenue vs Market: HEEROS's revenue (11.5% per year) is forecast to grow faster than the Finnish market (1.8% per year).

High Growth Revenue: HEEROS's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HEEROS's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Heeros Oyj performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


66.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HEEROS has high quality earnings.

Growing Profit Margin: HEEROS's current net profit margins (0.2%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: HEEROS has become profitable over the past 5 years, growing earnings by 66.3% per year.

Accelerating Growth: HEEROS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HEEROS had negative earnings growth (-94.5%) over the past year, making it difficult to compare to the Software industry average (-1.3%).


Return on Equity

High ROE: HEEROS's Return on Equity (0.3%) is considered low.


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Financial Health

How is Heeros Oyj's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HEEROS's short term assets (€1.4M) do not cover its short term liabilities (€2.8M).

Long Term Liabilities: HEEROS's short term assets (€1.4M) do not cover its long term liabilities (€2.4M).


Debt to Equity History and Analysis

Debt Level: HEEROS's net debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: HEEROS's debt to equity ratio has reduced from 36.5% to 34.9% over the past 5 years.

Debt Coverage: HEEROS's debt is well covered by operating cash flow (76.6%).

Interest Coverage: HEEROS's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HEEROS has not reported any payouts.


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Management

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

0.6yrs

Average management tenure


CEO

Mikko Pilkama (50 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...


Leadership Team

Experienced Management: HEEROS's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


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 been diluted in the past year, with total shares outstanding growing by 17.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Heeros Oyj
  • Ticker: HEEROS
  • Exchange: HLSE
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: €20.328m
  • Shares outstanding: 5.23m
  • Website: https://www.heeros.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

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