SCAN

Scanfil OyjHLSE:SCANFL Stock Report

Market Cap

€512.9m

7D

-4.5%

1Y

41.5%

Updated

17 Sep, 2021

Data

Company Financials +
SCANFL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends3/6

SCANFL Overview

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

Scanfil Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Scanfil Oyj
Historical stock prices
Current Share Price€7.98
52 Week High€4.82
52 Week Low€9.02
Beta1.02
1 Month Change-3.16%
3 Month Change-3.62%
1 Year Change41.49%
3 Year Change61.21%
5 Year Change124.79%
Change since IPO936.36%

Recent News & Updates

Aug 03
Here's Why We Think Scanfil Oyj (HEL:SCANFL) Is Well Worth Watching

Here's Why We Think Scanfil Oyj (HEL:SCANFL) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jun 09
Estimating The Fair Value Of Scanfil Oyj (HEL:SCANFL)

Estimating The Fair Value Of Scanfil Oyj (HEL:SCANFL)

Does the June share price for Scanfil Oyj ( HEL:SCANFL ) reflect what it's really worth? Today, we will estimate the...

Shareholder Returns

SCANFLFI ElectronicFI Market
7D-4.5%-5.4%-2.5%
1Y41.5%41.0%22.0%

Return vs Industry: SCANFL matched the Finnish Electronic industry which returned 41% over the past year.

Return vs Market: SCANFL exceeded the Finnish Market which returned 22% over the past year.

Price Volatility

Is SCANFL's price volatile compared to industry and market?
SCANFL volatility
SCANFL Beta1.02
Industry Beta1.01
Market Beta1

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

Volatility Over Time: SCANFL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19763,332Petteri Jokitalohttps://www.scanfil.com

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 solutions, as well as after-sales services, such as maintenance and spare parts services. It also offers video surveillance systems and equipment, communications network devices, audio communications products, health technology devices and systems, electricity and automation system modules, renewable energy production converters and inverters, frequency converters, elevator and forklift control systems, analyzers, lift control systems, analyzers, various slot and vending machines, defense industry devices, and meteorological instruments.

Scanfil Oyj Fundamentals Summary

How do Scanfil Oyj's earnings and revenue compare to its market cap?
SCANFL fundamental statistics
Market Cap€512.91m
Earnings (TTM)€37.30m
Revenue (TTM)€631.97m

13.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCANFL income statement (TTM)
Revenue€631.97m
Cost of Revenue€442.70m
Gross Profit€189.27m
Expenses€151.97m
Earnings€37.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)0.58
Gross Margin29.95%
Net Profit Margin5.90%
Debt/Equity Ratio23.4%

How did SCANFL perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

29%

Payout Ratio

Valuation

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

13.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCANFL (€7.98) is trading above our estimate of fair value (€7.83)

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 (13.9x) compared to the Finnish Electronic industry average (38.9x).

PE vs Market: SCANFL is good value based on its PE Ratio (13.9x) compared to the Finnish market (23.7x).


Price to Earnings Growth Ratio

PEG Ratio: SCANFL is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: SCANFL is good value based on its PB Ratio (2.7x) compared to the FI Electronic industry average (6.6x).


Future Growth

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

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCANFL's forecast earnings growth (3.6% per year) is above the savings rate (0.2%).

Earnings vs Market: SCANFL's earnings (3.6% per year) are forecast to grow slower than the Finnish market (7.4% 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 (3.7% 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 (16.4%).


Past Performance

How has Scanfil Oyj performed over the past 5 years?

30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCANFL has a large one-off gain of €10.2M impacting its June 30 2021 financial results.

Growing Profit Margin: SCANFL's current net profit margins (5.9%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: SCANFL has become profitable over the past 5 years, growing earnings by 30.5% per year.

Accelerating Growth: SCANFL's earnings growth over the past year (8.1%) is below its 5-year average (30.5% per year).

Earnings vs Industry: SCANFL earnings growth over the past year (8.1%) exceeded the Electronic industry 4.3%.


Return on Equity

High ROE: SCANFL's Return on Equity (19.5%) is considered low.


Financial Health

How is Scanfil Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: SCANFL's short term assets (€293.2M) exceed its short term liabilities (€157.5M).

Long Term Liabilities: SCANFL's short term assets (€293.2M) exceed its long term liabilities (€35.8M).


Debt to Equity History and Analysis

Debt Level: SCANFL's debt to equity ratio (23.4%) is considered satisfactory.

Reducing Debt: SCANFL's debt to equity ratio has reduced from 69.8% to 23.4% over the past 5 years.

Debt Coverage: SCANFL's debt is well covered by operating cash flow (56.8%).

Interest Coverage: SCANFL's interest payments on its debt are well covered by EBIT (25.8x coverage).


Balance Sheet


Dividend

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

2.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCANFL's dividend (2.13%) is higher than the bottom 25% of dividend payers in the Finnish market (1.67%).

High Dividend: SCANFL's dividend (2.13%) is low compared to the top 25% of dividend payers in the Finnish market (3.64%).


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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.4%), 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 (35.3% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Petteri Jokitalo (58 yo)

8.42yrs

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: Insufficient data to establish whether Petteri's total compensation is reasonable compared to companies of similar size in the Finnish market.

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


Leadership Team

Experienced Management: SCANFL's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: SCANFL's board of directors are considered experienced (6.8 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 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: €512.909m
  • Shares outstanding: 64.76m
  • Website: https://www.scanfil.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 17:45
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.