BATS-CHIXE:TOKMAH

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Executive Summary

Tokmanni Group Oyj operates general discount retail chain in Finland. More Details


Snowflake Analysis

Solid track record and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TOKMAH is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

0%

TOKMAH

-0.02%

GB Multiline Retail

-0.6%

GB Market


1 Year Return

18.2%

TOKMAH

10.5%

GB Multiline Retail

-6.5%

GB Market

Return vs Industry: TOKMAH exceeded the UK Multiline Retail industry which returned 10.5% over the past year.

Return vs Market: TOKMAH exceeded the UK Market which returned -6.5% over the past year.


Shareholder returns

TOKMAHIndustryMarket
7 Day0%-0.02%-0.6%
30 Day-1.3%10.3%5.2%
90 Day3.7%19.0%15.1%
1 Year23.8%18.2%14.5%10.5%-2.7%-6.5%
3 Year139.0%104.5%25.2%10.0%5.1%-7.7%
5 Yearn/a14.4%-8.7%46.8%18.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

26.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOKMAH (€15.58) is trading below our estimate of fair value (€21.25)

Significantly Below Fair Value: TOKMAH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TOKMAH is good value based on its PE Ratio (15.1x) compared to the XE Multiline Retail industry average (22x).

PE vs Market: TOKMAH is good value based on its PE Ratio (15.1x) compared to the UK market (23.1x).


Price to Earnings Growth Ratio

PEG Ratio: TOKMAH is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: TOKMAH is overvalued based on its PB Ratio (4.8x) compared to the XE Multiline Retail industry average (2.6x).


Next Steps

Future Growth

How is Tokmanni Group Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOKMAH's forecast earnings growth (5.1% per year) is above the savings rate (1%).

Earnings vs Market: TOKMAH's earnings (5.1% per year) are forecast to grow slower than the UK market (25.6% per year).

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

Revenue vs Market: TOKMAH's revenue (2.1% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: TOKMAH's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOKMAH's Return on Equity is forecast to be high in 3 years time (28.5%)


Next Steps

Past Performance

How has Tokmanni Group Oyj performed over the past 5 years?

27.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOKMAH has high quality earnings.

Growing Profit Margin: TOKMAH's current net profit margins (5.9%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: TOKMAH's earnings have grown significantly by 27.5% per year over the past 5 years.

Accelerating Growth: TOKMAH's earnings growth over the past year (37.8%) exceeds its 5-year average (27.5% per year).

Earnings vs Industry: TOKMAH earnings growth over the past year (37.8%) underperformed the Multiline Retail industry 37.8%.


Return on Equity

High ROE: TOKMAH's Return on Equity (31.9%) is considered high.


Next Steps

Financial Health

How is Tokmanni Group Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: TOKMAH's short term assets (€299.6M) exceed its short term liabilities (€204.8M).

Long Term Liabilities: TOKMAH's short term assets (€299.6M) do not cover its long term liabilities (€365.2M).


Debt to Equity History and Analysis

Debt Level: TOKMAH's debt to equity ratio (57.8%) is considered high.

Reducing Debt: TOKMAH's debt to equity ratio has reduced from 506.4% to 57.8% over the past 5 years.

Debt Coverage: TOKMAH's debt is well covered by operating cash flow (118.6%).

Interest Coverage: TOKMAH's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


Next Steps

Dividend

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

4.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TOKMAH's dividend (4%) is higher than the bottom 25% of dividend payers in the UK market (1.5%).

High Dividend: TOKMAH's dividend (4%) is low compared to the top 25% of dividend payers in the UK market (4.55%).


Stability and Growth of Payments

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

Growing Dividend: TOKMAH's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.3%), TOKMAH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TOKMAH's dividends in 3 years are forecast to be covered by earnings (61.3% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Mika Rautiainen (58 yo)

2.58yrs

Tenure

€444,966

Compensation

Mr. Mika Rautiainen, M.Sc. (Econ.), is the Chie Executive Officer of Tokmanni Group Oyj since June 1, 2018. Mr. Rautiainen served as Vice President of K-Market - Kesko Food Ltd at Kesko Oyj. Mr. Rautiainen...


CEO Compensation Analysis

Compensation vs Market: Mika's total compensation ($USD540.40K) is below average for companies of similar size in the UK market ($USD1.01M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mika Rautiainen
CEO & Member of Executive Board2.58yrs€444.97k0.24%
€ 2.3m
Markku Pirskanen
CFO, Deputy CEO & Member of Executive Board3.67yrsno data0.028%
€ 261.7k
Sirpa Huuskonen
Director of Human Resources & Member of Executive Board4.67yrsno data0.027%
€ 247.4k
Mathias Kivikoski
Sales & Marketing Director and Member of Executive Board5yrsno data0.054%
€ 507.6k
Janne Pihkala
Director of Strategy & Business Development and Member of Executive Board2.75yrsno data0.069%
€ 639.4k
Timo Heimo
Director of Information Management & Supply Chain and Member of Executive Board2.08yrsno data0.060%
€ 555.1k
Harri Koponen
Director of Store Network & Concept and Member of Executive Board2.92yrsno data0.057%
€ 527.0k
Matti Korolainen
Commercial Director & Member of the Executive Group1.42yrsno data0.15%
€ 1.4m
Juha Valtonen
Sourcing Director & Member of Executive Group1yrno datano data
Pasi Karhapää
Chief Information Officer14yrsno datano data
Maarit Mikkonen
Head of IR & Communicationno datano datano data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: TOKMAH's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Juha Blomster
Independent Director2.83yrs€45.00k0.0061%
€ 56.7k
Erkki Järvinen
Independent Director2.83yrs€44.00k0.0027%
€ 25.0k
Harri Sivula
Independent Director9yrs€45.00k0.79%
€ 7.3m
Seppo Saastamoinen
Chairman of the Board2.83yrs€102.00k0.12%
€ 1.1m
Thérèse Cedercreutz
Independent Director4.75yrs€41.00k0.0038%
€ 35.1k
Ulla Lettijeff
Director0.67yrno datano data

2.8yrs

Average Tenure

59yo

Average Age

Experienced Board: TOKMAH's board of directors are not considered experienced ( 2.8 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

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


Key Information

  • Name: Tokmanni Group Oyj
  • Ticker: TOKMAH
  • Exchange: BATS-CHIXE
  • Founded: NaN
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: €931.970m
  • Shares outstanding: 58.76m
  • Website: https://www.tokmanni.fi

Number of Employees


Location

  • Tokmanni Group Oyj
  • Isolammintie 1
  • Mäntsälä
  • Uusimaa
  • 4600
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOKMANHLSE (OMX Nordic Exchange Helsinki)YesA SharesFIEURApr 2016
0RG2LSE (London Stock Exchange)YesA SharesGBEURApr 2016
TK9DB (Deutsche Boerse AG)YesA SharesDEEURApr 2016
TOKMAHBATS-CHIXE (BATS 'Chi-X Europe')YesA SharesGBEURApr 2016

Biography

Tokmanni Group Oyj operates general discount retail chain in Finland. The company offers beauty and health, home, kitchen, décor, housekeeping, electronic and home appliances, tools, renovation and small i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 19:58
End of Day Share Price2021/01/14 00:00
Earnings2020/09/30
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.