OTCPK:LASK.F

Stock Analysis Report

Executive Summary

Lassila & Tikanoja Oyj operates as a service company in Finland, Sweden, and Russia.


Snowflake Analysis

Fair value with acceptable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

LASK.F

-0.6%

US Commercial Services

2.4%

US Market


1 Year Return

-1.7%

LASK.F

-17.0%

US Commercial Services

-10.0%

US Market

Return vs Industry: LASK.F underperformed the US Commercial Services industry which returned 6.6% over the past year.

Return vs Market: LASK.F underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

LASK.FIndustryMarket
7 Day0%-0.6%2.4%
30 Day0%-22.9%-11.0%
90 Day0%-25.8%-19.4%
1 Year-1.7%-1.7%-14.1%-17.0%-8.1%-10.0%
3 Year-17.7%-17.7%14.5%7.1%17.3%9.6%
5 Year-15.7%-15.7%37.9%23.3%36.1%21.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Lassila & Tikanoja Oyj undervalued compared to its fair value and its price relative to the market?

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LASK.F ($16.71) is trading below our estimate of fair value ($24.2)

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


Price To Earnings Ratio

PE vs Industry: LASK.F is good value based on its PE Ratio (16.6x) compared to the Commercial Services industry average (27x).

PE vs Market: LASK.F is poor value based on its PE Ratio (16.6x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: LASK.F is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: LASK.F is overvalued based on its PB Ratio (2.8x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

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

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LASK.F's forecast earnings growth (4.5% per year) is above the savings rate (1.7%).

Earnings vs Market: LASK.F's earnings (4.5% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: LASK.F's revenue (1.6% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: LASK.F's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LASK.F's Return on Equity is forecast to be low in 3 years time (19%).


Next Steps

Past Performance

How has Lassila & Tikanoja Oyj performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LASK.F has a large one-off gain of €8.6M impacting its December 31 2019 financial results.

Growing Profit Margin: LASK.F's current net profit margins (4.4%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: LASK.F's earnings have declined by -0.8% per year over the past 5 years.

Accelerating Growth: LASK.F's earnings growth over the past year (1.8%) exceeds its 5-year average (-0.8% per year).

Earnings vs Industry: LASK.F earnings growth over the past year (1.8%) exceeded the Commercial Services industry 0.8%.


Return on Equity

High ROE: LASK.F's Return on Equity (17.1%) is considered low.


Next Steps

Financial Health

How is Lassila & Tikanoja Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: LASK.F's short term assets (€182.9M) exceed its short term liabilities (€182.8M).

Long Term Liabilities: LASK.F's short term assets (€182.9M) do not cover its long term liabilities (€197.8M).


Debt to Equity History and Analysis

Debt Level: LASK.F's debt to equity ratio (49.5%) is considered high.

Reducing Debt: LASK.F's debt to equity ratio has increased from 46.9% to 49.5% over the past 5 years.

Debt Coverage: LASK.F's debt is well covered by operating cash flow (94%).

Interest Coverage: LASK.F's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Lassila & Tikanoja Oyj's current dividend yield, its reliability and sustainability?

6.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LASK.F's dividend (6.13%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: LASK.F's dividend (6.13%) is in the top 25% of dividend payers in the US market (4.13%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.7%), LASK.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LASK.F's dividends in 3 years are not forecast to be well covered by earnings (93% payout ratio).


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Eero Hautaniemi (54yo)

1.17s

Tenure

€2,100

Compensation

Mr. Eero Hautaniemi, M.Sc. (Econ.), has been President and Chief Executive Officer of Lassila & Tikanoja plc since January 1, 2019 and also serves as it's Member of the Group Executive Board since January  ...


Leadership Team

NamePositionTenureCompensationOwnership
Eero Hautaniemi
President1.17yrs€2.10k0.027% 171.9k
Valtteri Palin
CFO & Member of the Group Executive Board0.58yrno datano data
Jorma Mikkonen
Director of Corporate Relations & Responsibility and Member of the Group Executive Board4.75yrsno data0.013% 79.9k
Antti Tervo
VP of Industrial Services & Member of the Group Executive Board8.08yrsno data0.017% 105.7k
Tuomas Mäkipeska
Member of the Group Executive Board8.08yrsno data0.016% 103.3k
Petri Salermo
VP of Environmental Services & Member of Group Executive Board7.17yrsno data0.033% 207.8k
Sirpa Huopalainen
General Counsel1.08yrsno datano data
Erik Sundström
VP of Facility Services Sweden & Member of the Group Executive Board1.08yrsno datano data
Hilppa Rautpalo
Director of Human Resources & Member of Group Executive Board0.17yrno datano data
Kirsi Matero
0.83yrno data0.016% 100.4k

1.1yrs

Average Tenure

49yo

Average Age

Experienced Management: LASK.F's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Heikki Bergholm
Independent Chairman9.08yrs€75.80k2.18% 13.7m
Teemu Kangas-Kärki
Independent Director4yrs€39.50k0.0051% 31.9k
Sakari Lassila
Independent Vice Chairman3yrs€53.30k0.042% 265.6k
Miikka Maijala
Independent Director10yrs€38.50k0.20% 1.2m
Laura Tarkka
Independent Director3yrs€39.00k0.0034% 21.2k
Laura Lares
Independent Director6.17yrs€38.50k0.0086% 53.8k

5.1yrs

Average Tenure

53yo

Average Age

Experienced Board: LASK.F's board of directors are considered experienced (5.1 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

Lassila & Tikanoja Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lassila & Tikanoja Oyj
  • Ticker: LASK.F
  • Exchange: OTCPK
  • Founded: 1905
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €572.195m
  • Listing Market Cap: €629.270m
  • Shares outstanding: 38.10m
  • Website: https://www.lt.fi/fi

Number of Employees


Location

  • Lassila & Tikanoja Oyj
  • Valimotie 27
  • Helsinki
  • Uusimaa
  • 380
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAT1VHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEUROct 2001
LT5DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2001
0F29LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2001
LASK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2001
LAT1VHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2001

Biography

Lassila & Tikanoja Oyj operates as a service company in Finland, Sweden, and Russia. It operates through four segments: Environmental Services, Industrial Services, Facility Services Finland, and Facility Services Sweden. The company offers support, property maintenance and energy efficiency, damage repair and renovation, and cleaning services; and waste management and recycling, and circular economy services. It also provides process cleaning, sewer maintenance, hazardous waste management, and environment construction services; and wood fuels for heat and power plants, forest services for forest owners, ground cover for absorbent materials, and services for forest entrepreneurs. In addition, it provides maintenance of the electrical systems comprising electricity, HVAC and plumbing, building automation, refrigeration and cooling, energy management, fire safety, and energy efficiency services, as well as annual maintenance of technical systems. Lassila & Tikanoja Oyj was founded in 1905 and is headquartered in Helsinki, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/01 02:55
End of Day Share Price2019/12/02 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.