HLSE:VAIAS

Stock Analysis Report

Executive Summary

Vaisala Oyj engages in the environmental and industrial measurement business serving weather related and industrial markets.

Snowflake

Fundamentals

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

VAIAS

4.1%

FI Electronic

1.6%

FI Market


1 Year Return

43.6%

VAIAS

28.8%

FI Electronic

9.2%

FI Market

Return vs Industry: VAIAS exceeded the Finnish Electronic industry which returned 28.8% over the past year.

Return vs Market: VAIAS exceeded the Finnish Market which returned 9.2% over the past year.


Shareholder returns

VAIASIndustryMarket
7 Day0.2%4.1%1.6%
30 Day11.9%8.1%1.5%
90 Day21.9%11.9%1.8%
1 Year48.3%43.6%32.6%28.8%14.4%9.2%
3 Year90.2%74.7%82.3%68.8%29.9%14.4%
5 Year173.6%132.9%182.1%140.7%61.2%30.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VAIAS (€25.85) is trading above our estimate of fair value (€17.15)

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


Price To Earnings Ratio

PE vs Industry: VAIAS is poor value based on its PE Ratio (38.4x) compared to the Electronic industry average (11.3x).

PE vs Market: VAIAS is poor value based on its PE Ratio (38.4x) compared to the Finnish market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: VAIAS is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: VAIAS is overvalued based on its PB Ratio (5.5x) compared to the FI Electronic industry average (3.4x).


Next Steps

Future Growth

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

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VAIAS's forecast earnings growth (10.2% per year) is above the savings rate (0.5%).

Earnings vs Market: VAIAS's earnings (10.2% per year) are forecast to grow slower than the Finnish market (13.5% per year).

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

Revenue vs Market: VAIAS's revenue (4.5% per year) is forecast to grow faster than the Finnish market (2% per year).

High Growth Revenue: VAIAS's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VAIAS's Return on Equity is forecast to be low in 3 years time (17.2%).


Next Steps

Past Performance

How has Vaisala Oyj performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VAIAS's earnings have grown by 11.2% per year over the past 5 years.

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

Earnings vs Industry: VAIAS had negative earnings growth (-7.4%) over the past year, making it difficult to compare to the Electronic industry average (16.5%).


Return on Equity

High ROE: VAIAS's Return on Equity (16.4%) is considered low.


Return on Assets

ROA vs Industry: VAIAS's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: VAIAS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Vaisala Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: VAIAS's short term assets (€176.2M) exceeds its short term liabilities (€128.7M)

Long Term Liabilities: VAIAS's short term assets (176.2M) exceeds its long term liabilities (24.3M)


Debt to Equity History and Analysis

Debt Level: VAIAS's debt to equity ratio (24%) is considered satisfactory

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

Debt Coverage: VAIAS's debt is well covered by operating cash flow (103.7%).

Interest Coverage: VAIAS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: VAIAS has a high level of physical assets or inventory.

Debt Coverage by Assets: VAIAS's debt is covered by short term assets (assets are 4.4x debt).


Next Steps

Dividend

What is Vaisala Oyj's current dividend yield, its reliability and sustainability?

2.24%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%2.3%markettop25%5.0%industryaverage2.3%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VAIAS's dividend (2.24%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.34%).

High Dividend: VAIAS's dividend (2.24%) is low compared to the top 25% of dividend payers in the Finnish market (5.03%).

Stable Dividend: VAIAS's dividend payments have been volatile in the past 10 years.

Growing Dividend: VAIAS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (86.2%), VAIAS's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VAIAS's dividends in 3 years are forecast to be covered by earnings (58.7% payout ratio).


Next Steps

Management

What is the CEO of Vaisala Oyj's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Kjell Forsén (61yo)

13yrs

Tenure

€1,585,000

Compensation

Mr. Kjell Forsén,Lic.Sc. (Technology) has been Chairman of Business Management Group and Chief Executive Officer at Vaisala Oyj since October 01, 2006. and also serves as its President. Mr. Forsén served a ...


CEO Compensation Analysis

Compensation vs. Market: Kjell's total compensation ($USD1.76M) is about average for companies of similar size in the Finnish market ($USD494.40K).

Compensation vs Earnings: Kjell's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

6.0yrs

Average Tenure

54.5yo

Average Age

Experienced Management: VAIAS's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

3.0yrs

Average Tenure

55yo

Average Age

Experienced Board: VAIAS's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kjell Forsén (61yo)

    CEO & President

    • Tenure: 13yrs
    • Compensation: €1.59m
  • Paula Liimatta

    Business Controller & Head of Investor Relations

    • Tenure: 0yrs
  • Jarkko Sairanen (56yo)

    Executive Vice President of Weather & Environment

    • Tenure: 3.4yrs
  • Mari Heusala (53yo)

    Executive Vice President of Human Resources

    • Tenure: 0.8yrs
  • Vesa Pylvänäinen (49yo)

    Executive Vice President of Operations

    • Tenure: 8.4yrs
  • Kaarina Muurinen (61yo)

    Chief Financial Officer

    • Tenure: 8.1yrs
  • Riina Kirmanen (51yo)

    Senior Vice President of Marketing

    • Tenure: 0yrs
  • Sampsa Lahtinen (56yo)

    Executive Vice President of Industrial Measurements

    • Tenure: 6yrs
  • Katriina Vainio (52yo)

    Executive VP

    • Tenure: 2.8yrs

Board Members

  • Raimo Voipio (64yo)

    Independent Chairman of the Board

    • Tenure: 25.8yrs
    • Compensation: €48.00k
  • Tuomas Syrjänen (43yo)

    Independent Director

    • Tenure: 0.6yrs
  • Jukka Rinnevaara (58yo)

    Independent Director

    • Tenure: 0.6yrs
  • Kaarina Ståhlberg (53yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: €43.00k
  • Ville Voipio (45yo)

    Independent Vice Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: €35.00k
  • Petra Lundström (53yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: €35.00k
  • Petri Castrén (57yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: €43.00k
  • Pertti Torstila (73yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: €35.00k

Company Information

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


Key Information

  • Name: Vaisala Oyj
  • Ticker: VAIAS
  • Exchange: HLSE
  • Founded: 1936
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €927.517m
  • Shares outstanding: 35.88m
  • Website: https://www.vaisala.com

Number of Employees


Location

  • Vaisala Oyj
  • Vanha Nurmijärventie 21
  • Vantaa
  • 1670
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAIASHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURMar 1992
VAIA.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDMar 1992
0GEGLSE (London Stock Exchange)YesSeries A SharesGBEURMar 1992
VAIASHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURMar 1992
VAYADB (Deutsche Boerse AG)YesSeries A SharesDEEURMar 1992

Biography

Vaisala Oyj engages in the environmental and industrial measurement business serving weather related and industrial markets. The company operates through two business areas, Weather and Environment and Ind ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:41
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.