HLSE:SCANFL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SCANFL is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SCANFL's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

4.5%

SCANFL

-5.3%

FI Electronic

-1.9%

FI Market


1 Year Return

64.8%

SCANFL

21.3%

FI Electronic

16.7%

FI Market

Return vs Industry: SCANFL exceeded the Finnish Electronic industry which returned 21.3% over the past year.

Return vs Market: SCANFL exceeded the Finnish Market which returned 16.7% over the past year.


Shareholder returns

SCANFLIndustryMarket
7 Day4.5%-5.3%-1.9%
30 Day17.6%-6.4%-0.9%
90 Day30.7%1.2%3.5%
1 Year70.7%64.8%24.6%21.3%25.3%16.7%
3 Year80.7%65.6%78.8%63.3%34.9%11.4%
5 Year153.4%120.6%229.5%183.5%74.2%35.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCANFL (€7.5) is trading above our estimate of fair value (€7.23)

Significantly Below Fair Value: SCANFL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SCANFL is good value based on its PE Ratio (13.1x) compared to the FI Electronic industry average (29.2x).

PE vs Market: SCANFL is good value based on its PE Ratio (13.1x) compared to the Finnish market (27.2x).


Price to Earnings Growth Ratio

PEG Ratio: SCANFL is poor value based on its PEG Ratio (29.2x)


Price to Book Ratio

PB vs Industry: SCANFL is good value based on its PB Ratio (2.6x) compared to the FI Electronic industry average (4.4x).


Next Steps

Future Growth

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

0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCANFL's forecast earnings growth (0.4% per year) is above the savings rate (0.3%).

Earnings vs Market: SCANFL's earnings (0.4% per year) are forecast to grow slower than the Finnish market (19.8% per year).

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

Revenue vs Market: SCANFL's revenue (4.2% per year) is forecast to grow faster than the Finnish market (3.6% per year).

High Growth Revenue: SCANFL's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCANFL's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

How has Scanfil Oyj performed over the past 5 years?

35.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCANFL has high quality earnings.

Growing Profit Margin: SCANFL's current net profit margins (6.2%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: SCANFL's earnings have grown significantly by 35.6% per year over the past 5 years.

Accelerating Growth: SCANFL's earnings growth over the past year (31.2%) is below its 5-year average (35.6% per year).

Earnings vs Industry: SCANFL earnings growth over the past year (31.2%) exceeded the Electronic industry -0.9%.


Return on Equity

High ROE: SCANFL's Return on Equity (20.2%) is considered high.


Next Steps

Financial Health

How is Scanfil Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: SCANFL's short term assets (€244.7M) exceed its short term liabilities (€115.9M).

Long Term Liabilities: SCANFL's short term assets (€244.7M) exceed its long term liabilities (€40.4M).


Debt to Equity History and Analysis

Debt Level: SCANFL's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: SCANFL's debt to equity ratio has reduced from 81.3% to 13.4% over the past 5 years.

Debt Coverage: SCANFL's debt is well covered by operating cash flow (143.7%).

Interest Coverage: SCANFL's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


Next Steps

Dividend

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

2.27%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SCANFL's dividend (2.27%) is higher than the bottom 25% of dividend payers in the Finnish market (1.88%).

High Dividend: SCANFL's dividend (2.27%) is low compared to the top 25% of dividend payers in the Finnish market (3.97%).


Stability and Growth of Payments

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

Growing Dividend: SCANFL's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.7%), SCANFL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SCANFL's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Petteri Jokitalo (57 yo)

7.83yrs

Tenure

€323,000

Compensation

Mr. Petteri Jokitalo, M.Sc. (Eng) serves as the Chief Executive Officer of Scanfil EMS Oy and Scanfil Oyj since April 1, 2013. Mr. Jokitalo served as the Director of Sales and Marketing of Scanfil EMS Oy. ...


CEO Compensation Analysis

Compensation vs Market: Petteri's total compensation ($USD0.00) is below average for companies of similar size in the Finnish market ($USD574.11K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Petteri Jokitalo
Chief Executive Officer7.83yrs€323.00k0.48%
€ 2.3m
Kai Valo
Chief Financial Officer4.33yrsno data0.015%
€ 75.0k
Markku Kosunen
Chief Technology Officer3.08yrsno data0.043%
€ 209.0k
Timo Sonninen
Vice President of Sales5.25yrsno data0.17%
€ 847.5k

4.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: SCANFL's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jarkko Takanen
Independent Director9.08yrs€30.00k13.23%
€ 64.1m
Harri Takanen
Chairman of the Board7.83yrs€49.00k15.26%
€ 73.9m
Bengt Engström
Independent Director5.5yrs€28.00k0.020%
€ 96.2k
Christer Härkönen
Director6.83yrs€26.00kno data
Christina Lindstedt
Independent Director4.83yrs€29.00k0.0093%
€ 45.0k
Juha Räisänen
Independent Director0.83yrno datano data

6.2yrs

Average Tenure

57.5yo

Average Age

Experienced Board: SCANFL's board of directors are considered experienced (6.2 years average tenure).


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

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


Key Information

  • Name: Scanfil Oyj
  • Ticker: SCANFL
  • Exchange: HLSE
  • Founded: 1976
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: €484.359m
  • Shares outstanding: 64.58m
  • Website: https://www.scanfil.com

Number of Employees


Location

  • Scanfil Oyj
  • Yritystie 6
  • Sievi
  • Northern Ostrobothnia
  • 85410
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCANFLHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURJan 2012
0Q59LSE (London Stock Exchange)YesShare CapitalGBEURJan 2012
S0AMUN (Boerse Muenchen)YesShare CapitalDEEURJan 2012

Biography

Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide. The company provides product design, product manufacturing, material procurement and logistics so...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 19:14
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.