LSE:0QI6

Stock Analysis Report

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Executive Summary

NoHo Partners Oyj, together with its subsidiaries, engages in production and provision of restaurant services and labour hire services in Finland and Denmark.


Snowflake Analysis

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 0QI6 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

0QI6

3.6%

GB Hospitality

5.5%

GB Market


1 Year Return

n/a

0QI6

-25.9%

GB Hospitality

-9.2%

GB Market

Return vs Industry: Insufficient data to determine how 0QI6 performed against the UK Hospitality industry.

Return vs Market: Insufficient data to determine how 0QI6 performed against the UK Market.


Shareholder returns

0QI6IndustryMarket
7 Day0%3.6%5.5%
30 Day0%6.8%10.8%
90 Dayn/a-14.8%-0.4%
1 Yearn/a-23.4%-25.9%-4.8%-9.2%
3 Year-30.0%-35.2%-16.3%-25.4%-0.8%-12.9%
5 Yearn/a4.2%-14.4%18.1%-8.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0QI6 (€5.48) is trading below our estimate of fair value (€5.67)

Significantly Below Fair Value: 0QI6 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 0QI6 is good value based on its PE Ratio (5.9x) compared to the Hospitality industry average (18.2x).

PE vs Market: 0QI6 is good value based on its PE Ratio (5.9x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: 0QI6 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 0QI6 is overvalued based on its PB Ratio (1x) compared to the GB Hospitality industry average (1x).


Next Steps

Future Growth

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

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0QI6's forecast earnings growth (17.8% per year) is above the savings rate (1.2%).

Earnings vs Market: 0QI6's earnings (17.8% per year) are forecast to grow slower than the UK market (21.2% per year).

High Growth Earnings: 0QI6's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0QI6's revenue (6.4% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: 0QI6's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0QI6's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has NoHo Partners Oyj performed over the past 5 years?

28.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0QI6 has high quality earnings.

Growing Profit Margin: 0QI6's current net profit margins (7.7%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: 0QI6's earnings have grown significantly by 28.1% per year over the past 5 years.

Accelerating Growth: 0QI6's earnings growth over the past year (50.8%) exceeds its 5-year average (28.1% per year).

Earnings vs Industry: 0QI6 earnings growth over the past year (50.8%) exceeded the Hospitality industry -10.9%.


Return on Equity

High ROE: 0QI6's Return on Equity (17.4%) is considered low.


Next Steps

Financial Health

How is NoHo Partners Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: 0QI6's short term assets (€33.6M) do not cover its short term liabilities (€113.0M).

Long Term Liabilities: 0QI6's short term assets (€33.6M) do not cover its long term liabilities (€220.8M).


Debt to Equity History and Analysis

Debt Level: 0QI6's debt to equity ratio (80.6%) is considered high.

Reducing Debt: 0QI6's debt to equity ratio has increased from 61.6% to 80.6% over the past 5 years.

Debt Coverage: 0QI6's debt is well covered by operating cash flow (51.9%).

Interest Coverage: 0QI6's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.04%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0QI6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 0QI6'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 0QI6's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0QI6's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 0QI6 is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0QI6's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Aku Vikström (47yo)

2yrs

Tenure

Mr. Aku Vikström is Chief Executive Officer at NoHo Partners Oyj (formerly known as Restamax Oyj) since June 1, 2018. Mr. Vikström is responsible in Finland for operations, result and development. He serve ...


Leadership Team

NamePositionTenureCompensationOwnership
Timo Rainer
Founder & Chairmanno data€23.80k27.99% 35.1m
Aku Vikström
Chief Executive Officer2yrsno data1.15% 1.4m
Jarno Vilponen
Chief Financial Officer0.42yrno data0.0063% 7.9k
Anne Kokkonen
HR Director1.75yrsno data0.19% 244.0k
Jarno Suominen
Deputy Chief Executive Officer0.42yrno data1.37% 1.7m
Tanja Virtanen
CBO of Food Restaurants1.75yrsno data0.066% 83.1k
Juha Helminen
Deputy CEO & Director of International Operations0.92yrno data0.19% 234.8k
Eemeli Nurminen
CBO of Nightclubs and Pubs & Entertainment - Helsinki Metropolitan Area1.75yrsno data0.065% 81.7k

1.8yrs

Average Tenure

42.5yo

Average Age

Experienced Management: 0QI6's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Timo Rainer
Founder & Chairmanno data€23.80k27.99% 35.1m
Petri Olkinuora
Independent Vice Chairman6.17yrs€20.00k0.065% 81.7k
Tomi Terho
Independent Director2.08yrsno datano data
Mika Niemi
Director6.17yrs€10.00k25% 31.3m
Saku Tuominen
Independent Director2.08yrsno data0.023% 28.9k
Mia Ahlström
Director1.17yrsno datano data

2.1yrs

Average Tenure

53yo

Average Age

Experienced Board: 0QI6's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: NoHo Partners Oyj
  • Ticker: 0QI6
  • Exchange: LSE
  • Founded: 1996
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: €125.265m
  • Shares outstanding: 19.15m
  • Website: https://www.noho.fi

Number of Employees


Location

  • NoHo Partners Oyj
  • HatanpAeAen valtatie 1 B
  • Tampere
  • Pirkanmaa
  • 33100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOHOHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURNov 2013
0QI6LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2013
NOHOHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2013

Biography

NoHo Partners Oyj, together with its subsidiaries, engages in production and provision of restaurant services and labour hire services in Finland and Denmark. The company operates in two segments, Restaurants and Labour hire. It operated approximately 250 food restaurants, nightclubs and entertainment, fast casual restaurants, and international restaurants in Finland, Denmark, and Norway. The company also offers labour hire services for the hotel, restaurant and catering, events and promotions, construction and industry, logistics and maintenance, doctor services, and direct recruitment service sectors. Its restaurant concepts includes Elite, Savoy, Teatteri, Yes Yes Yes, Viihdemaailma Ilona, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, and Cock’s & Cows. The company was formerly known as Restamax Oyj and changed its name to NoHo Partners Oyj in December 2018. NoHo Partners Oyj was founded in 1996 and is headquartered in Tampere, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 23:41
End of Day Share Price2020/04/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.