OTCPK:VAIA.F

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Excellent balance sheet average 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

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


Market Performance


7 Day Return

0%

VAIA.F

-0.1%

US Electronic

0.6%

US Market


1 Year Return

63.9%

VAIA.F

29.0%

US Electronic

24.6%

US Market

Return vs Industry: VAIA.F exceeded the US Electronic industry which returned 28.3% over the past year.

Return vs Market: VAIA.F exceeded the US Market which returned 24.2% over the past year.


Shareholder returns

VAIA.FIndustryMarket
7 Day0%-0.1%0.6%
30 Day0%1.9%3.0%
90 Dayn/a9.4%10.6%
1 Year63.9%63.9%30.3%29.0%27.3%24.6%
3 Yearn/a48.8%44.6%50.5%40.8%
5 Yearn/a88.8%79.2%78.9%59.1%

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

No news available

Valuation

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

39.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VAIA.F ($33.15) is trading above our estimate of fair value ($16.12)

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


Price To Earnings Ratio

PE vs Industry: VAIA.F is poor value based on its PE Ratio (38x) compared to the Electronic industry average (21.2x).

PE vs Market: VAIA.F is poor value based on its PE Ratio (38x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: VAIA.F is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: VAIA.F is overvalued based on its PB Ratio (6.2x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

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

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VAIA.F's forecast earnings growth (11.4% per year) is above the savings rate (1.7%).

Earnings vs Market: VAIA.F's earnings (11.4% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: VAIA.F's revenue (4.2% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: VAIA.F's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VAIA.F's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Vaisala Oyj performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAIA.F has high quality earnings.

Growing Profit Margin: VAIA.F's current net profit margins (7.6%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: VAIA.F's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: VAIA.F's earnings growth over the past year (0.3%) is below its 5-year average (7.2% per year).

Earnings vs Industry: VAIA.F earnings growth over the past year (0.3%) underperformed the Electronic industry 53.6%.


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vaisala Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: VAIA.F's short term assets (€190.7M) exceed its short term liabilities (€132.0M).

Long Term Liabilities: VAIA.F's short term assets (€190.7M) exceed its long term liabilities (€23.8M).


Debt to Equity History and Analysis

Debt Level: VAIA.F's debt to equity ratio (22%) is considered satisfactory.

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

Debt Coverage: VAIA.F's debt is well covered by operating cash flow (117.4%).

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


Balance Sheet

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

Debt Coverage by Assets: VAIA.F's debt is covered by short term assets (assets are 4.7x debt).


Next Steps

Dividend

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

1.74%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years2.0%

Current dividend yield vs market & industry

Notable Dividend: VAIA.F's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: VAIA.F's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.3%), VAIA.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VAIA.F's dividends in 3 years are forecast to be covered by earnings (50.4% 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?

6.3yrs

Average management tenure


CEO

Kjell Forsén (61yo)

13.3yrs

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 ($USD1.76M) is below average for companies of similar size in the US market ($USD3.86M).

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


Management Age and Tenure

6.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: VAIA.F's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

55yo

Average Age

Experienced Board: VAIA.F's board of directors are considered experienced (3.3 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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Kjell Forsén (61yo)

    CEO & President

    • Tenure: 13.3yrs
    • Compensation: €1.59m
  • Paula Liimatta

    Business Controller & Head of Investor Relations

    • Jarkko Sairanen (56yo)

      Executive Vice President of Weather & Environment

      • Tenure: 3.7yrs
    • Mari Heusala (53yo)

      Executive Vice President of Human Resources

      • Tenure: 1yrs
    • Vesa Pylvänäinen (49yo)

      Executive Vice President of Operations

      • Tenure: 8.7yrs
    • Kaarina Muurinen (61yo)

      Chief Financial Officer

      • Tenure: 8.3yrs
    • Riina Kirmanen (51yo)

      Senior Vice President of Marketing

      • Sampsa Lahtinen (56yo)

        Executive Vice President of Industrial Measurements

        • Tenure: 6.3yrs
      • Katriina Vainio (52yo)

        Executive VP

        • Tenure: 3yrs

      Board Members

      • Raimo Voipio (64yo)

        Independent Chairman of the Board

        • Tenure: 26yrs
        • Compensation: €48.00k
      • Tuomas Syrjänen (43yo)

        Independent Director

        • Tenure: 0.8yrs
      • Jukka Rinnevaara (58yo)

        Independent Director

        • Tenure: 0.8yrs
      • Kaarina Ståhlberg (53yo)

        Independent Director

        • Tenure: 3.8yrs
        • Compensation: €43.00k
      • Ville Voipio (45yo)

        Independent Vice Chairman of the Board

        • Tenure: 1yrs
        • Compensation: €35.00k
      • Petra Lundström (53yo)

        Independent Director

        • Tenure: 5.8yrs
        • Compensation: €35.00k
      • Petri Castrén (57yo)

        Independent Director

        • Tenure: 2.8yrs
        • Compensation: €43.00k
      • Pertti Torstila (73yo)

        Independent Director

        • Tenure: 5.8yrs
        • Compensation: €35.00k

      Company Information

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


      Key Information

      • Name: Vaisala Oyj
      • Ticker: VAIA.F
      • Exchange: OTCPK
      • Founded: 1936
      • Industry: Electronic Equipment and Instruments
      • Sector: Tech
      • Market Cap: €1.197b
      • Listing Market Cap: €1.321b
      • 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 Industrial Measurements. The company’s products include industrial measurement systems, such as indoor measurement and process control instruments, continuous monitoring systems, instruments for power transformers, and instruments for liquid concentration measurement; and weather and environmental solutions comprising sensors and instruments, systems and solutions, and software and data as a service products. It also offers technical support, calibration and repair, system maintenance, training, project, and continuous monitoring system services. The company serves weather-dependent markets, such as meteorological institutes, roads and rail authorities, airport organizations, defense forces, and energy and maritime industries; and various industries, such as life science, power generation and transmission, electronics, automotive, lithium battery manufacturing, and food processing, as well as heating, ventilation, and air conditioning. It has operations Europe, the Middle East, Africa, North and Latin Americas, and the Asia Pacific. The company was founded in 1936 and is headquartered in Vantaa, Finland. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/24 00:48
      End of Day Share Price2019/12/05 00:00
      Earnings2019/09/30
      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.