New Risk • May 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.5m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€84.5m market cap, or US$98.1m). Buy Or Sell Opportunity • May 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to €10.65. The fair value is estimated to be €13.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: €0.01 (vs €0.037 loss in 1Q 2025) First quarter 2026 results: EPS: €0.01 (up from €0.037 loss in 1Q 2025). Revenue: €65.8m (flat on 1Q 2025). Net income: €46.0k (up €334.0k from 1Q 2025). Profit margin: 0.1% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in the United Kingdom. Declared Dividend • Apr 21
Dividend of €0.36 announced Shareholders will receive a dividend of €0.36. Ex-date: 23rd October 2026 Payment date: 2nd November 2026 Dividend yield will be 6.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to €11.40. The fair value is estimated to be €14.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Apr 10
Consti Oyj Elects Elina Rahkonen as New Member of the Board of Directors Consti Oyj announced that Elina Rahkonen was elected as a new member of the Board of Directors at Annual General Meeting held on 9 April 2026. Announcement • Apr 09
Consti plc Approves Dividend for the Financial Year 2025, Payable on April 20, 2026 and November 2, 2026 Consti Oyj at Annual General Meeting of Consti Plc which was held on 9 April 2026 resolved that a dividend of EUR 0.72 per share for the financial year 2025 shall be paid. The dividend shall be paid in two instalments. The first instalment, EUR 0.36 per share, will be paid to shareholders registered in the Company's shareholders’ register, maintained by Euroclear Finland Ltd, on the record date of the dividend, 13 April 2026. It was resolved that this instalment of the dividend will be paid on 20 April 2026. The second instalment, EUR 0.36 per share, will be paid to shareholders registered in the shareholders’ register maintained by Euroclear Finland Ltd. on the record date of the dividend, which, together with the dividend payment date, shall be decided by the Board of Directors in its meeting scheduled for 22 October 2026. The record date of the dividend would then be 26 October 2026 and the dividend payment date 2 November 2026. Upcoming Dividend • Apr 04
Upcoming dividend of €0.36 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 20 April 2026. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: €0.86 (vs €0.91 in FY 2024) Full year 2025 results: EPS: €0.86 (down from €0.91 in FY 2024). Revenue: €336.2m (up 2.9% from FY 2024). Net income: €6.82m (down 4.5% from FY 2024). Profit margin: 2.0% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Construction industry in the United Kingdom. Buy Or Sell Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock has risen 8.5% to €11.45. The fair value is estimated to be €14.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • Feb 09
Final dividend of €0.72 announced Shareholders will receive a dividend of €0.72. Ex-date: 10th April 2026 Payment date: 20th April 2026 Dividend yield will be 8.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: €0.86 (vs €0.91 in FY 2024) Full year 2025 results: EPS: €0.86 (down from €0.91 in FY 2024). Revenue: €336.9m (up 3.1% from FY 2024). Net income: €6.82m (down 4.5% from FY 2024). Profit margin: 2.0% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Construction industry in the United Kingdom. Total returns to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €21.18 per share. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: €0.30 (vs €0.31 in 3Q 2024) Third quarter 2025 results: EPS: €0.30 (down from €0.31 in 3Q 2024). Revenue: €90.8m (up 5.6% from 3Q 2024). Net income: €2.36m (down 4.2% from 3Q 2024). Profit margin: 2.6% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in the United Kingdom. Announcement • Oct 25
Consti Oyj to Report Fiscal Year 2025 Results on Feb 06, 2026 Consti Oyj announced that they will report fiscal year 2025 results on Feb 06, 2026 Upcoming Dividend • Oct 17
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 24 October 2025. Payment date: 03 November 2025. Payout ratio and cash payout ratio are on the higher end at 85% and 88% respectively. Trailing yield: 6.7%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: €0.23 (vs €0.27 in 2Q 2024) Second quarter 2025 results: EPS: €0.23 (down from €0.27 in 2Q 2024). Revenue: €84.9m (up 2.5% from 2Q 2024). Net income: €1.79m (down 16% from 2Q 2024). Profit margin: 2.1% (down from 2.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in the United Kingdom. Declared Dividend • Jun 26
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 24th October 2025 Payment date: 3rd November 2025 Dividend yield will be 6.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (122% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2025 earnings released: €0.04 loss per share (vs €0.005 loss in 1Q 2024) First quarter 2025 results: €0.04 loss per share (further deteriorated from €0.005 loss in 1Q 2024). Revenue: €65.7m (flat on 1Q 2024). Net loss: €288.0k (loss widened €252.0k from 1Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in the United Kingdom. Declared Dividend • Apr 15
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 24th October 2025 Payment date: 3rd November 2025 Dividend yield will be 7.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.46, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Upcoming Dividend • Mar 29
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 14 April 2025. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.5%). Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: €0.91 (vs €1.17 in FY 2023) Full year 2024 results: EPS: €0.91 (down from €1.17 in FY 2023). Revenue: €326.7m (up 1.9% from FY 2023). Net income: €7.14m (down 21% from FY 2023). Profit margin: 2.2% (down from 2.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Declared Dividend • Feb 21
Final dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 4th April 2025 Payment date: 14th April 2025 Dividend yield will be 6.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (161% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 30
Consti Oyj, Annual General Meeting, Apr 03, 2025 Consti Oyj, Annual General Meeting, Apr 03, 2025. Location: helsinki Finland 
