Price Target Changed • May 11
Price target decreased by 11% to €5.00 Down from €5.60, the current price target is an average from 2 analysts. New target price is 16% above last closing price of €4.32. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.38 last year. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: €0.08 (vs €0.073 in 1Q 2025) First quarter 2026 results: EPS: €0.08 (up from €0.073 in 1Q 2025). Revenue: €21.6m (up 2.7% from 1Q 2025). Net income: €1.36m (up 4.8% from 1Q 2025). Profit margin: 6.3% (up from 6.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.407 to €0.34 per share. Revenue forecast steady at €90.8m. Net income forecast to shrink 11% next year vs 14% growth forecast for Consumer Durables industry in Finland . Consensus price target of €5.30 unchanged from last update. Share price fell 9.3% to €4.18 over the past week. Declared Dividend • Apr 24
Dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 30th September 2026 Payment date: 8th October 2026 Dividend yield will be 5.0%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 28% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Apr 08
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Finnish dividend payers (5.4%). Lower than average of industry peers (5.8%). Duyuru • Mar 17
Orthex Corporation Announces Board Member Jyrki Mäki-Kala Was No Longer Available for Re-Election Orthex Corporation announced that the current Board member Jyrki Mäki-Kala was no longer available for re-election. Reported Earnings • Mar 06
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: €0.38 (up from €0.34 in FY 2024). Revenue: €87.2m (down 2.8% from FY 2024). Net income: €6.78m (up 11% from FY 2024). Profit margin: 7.8% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Mar 06
Orthex Oyj Proposes Dividend, Payable on 23 April 2026 and 8 October 2026 Orthex Oyj proposed a dividend of EUR 0.23 per share (0.22), totaling approx. EUR 4.1 million (3.9). It is proposed that the dividend be paid in two instalments. The first instalment of the dividend amounting to EUR 0.12 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 16 April 2026. The Board of Directors proposes that the first instalment of the dividend be paid on 23 April 2026. The second instalment of the dividend amounting to EUR 0.11 per share will be paid in October 2026 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 1 October 2026. The Board of Directors proposes that the second instalment of the dividend be paid on 8 October 2026. The Board of Directors further proposes that the Board be authorised to decide, if necessary, on a new record date and date of payment for the second instalment of the dividend should the rules of Euroclear Finland Oy or statutes governing the Finnish book-entry system change or otherwise so require. Duyuru • Mar 05
Orthex Oyj to Report Fiscal Year 2025 Final Results on Mar 16, 2026 Orthex Oyj announced that they will report fiscal year 2025 final results on Mar 16, 2026 Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: €0.14 (up from €0.10 in 3Q 2024). Revenue: €23.4m (up 2.5% from 3Q 2024). Net income: €2.43m (up 35% from 3Q 2024). Profit margin: 10% (up from 7.9% in 3Q 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 23
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 08 October 2025. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Finnish dividend payers (5.9%). In line with average of industry peers (4.9%). Duyuru • Sep 01
Orthex Oyj Appoints Aurélien Chabannier as Sales Director, Europe and International Markets Effective 1 September 2025 Orthex Oyj announced that Aurélien Chabannier has been appointed Sales Director, Europe and International Markets at Orthex as of 1 September 2025. He will be a member of the Group Management Team and report to CEO Alexander Rosenlew. Chabannier (b. 1989) is French citizen and has a master's degree in management. He joined the company in 2016 as a Key Account Manager for France and holds currently the position of Business Unit Manager, France and Germany. Price Target Changed • Aug 22
Price target decreased by 7.8% to €5.53 Down from €6.00, the current price target is an average from 3 analysts. New target price is 16% above last closing price of €4.78. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.35 for next year compared to €0.34 last year. Reported Earnings • Aug 22
Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint Second quarter 2025 results: EPS: €0.05 (down from €0.052 in 2Q 2024). Revenue: €20.5m (down 2.3% from 2Q 2024). Net income: €897.0k (down 3.7% from 2Q 2024). Profit margin: 4.4% (in line with 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • May 16
Price target decreased by 7.3% to €5.70 Down from €6.15, the current price target is an average from 3 analysts. New target price is 15% above last closing price of €4.94. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.34 last year. Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: €0.07 (down from €0.088 in 1Q 2024). Revenue: €21.0m (down 4.7% from 1Q 2024). Net income: €1.30m (down 17% from 1Q 2024). Profit margin: 6.2% (down from 7.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • May 11
Final dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 30th September 2025 Payment date: 8th October 2025 Dividend yield will be 4.3%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Apr 23
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Finnish dividend payers (6.2%). In line with average of industry peers (4.5%). Reported Earnings • Mar 13
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.34 (down from €0.39 in FY 2023). Revenue: €89.7m (up 4.4% from FY 2023). Net income: €6.11m (down 11% from FY 2023). Profit margin: 6.8% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Mar 12
Orthex Corporation Approves Dividend for the Financial Year Ended 31 December 2024, Payable on 9 May 2025 and 1 October 2025, Respectively The Board of Directors of Orthex Oyj proposed to the general meeting that based on the financial statements to be adopted for the financial year ended on 31 December 2024, shareholders be paid a dividend of EUR 0.22 per share totalling approximately EUR 3.9 million based on the number of registered shares in the company at the time of the proposal. The dividend is proposed to be paid in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 2 May 2025. The Board of Directors proposes that the first instalment of the dividend be paid on 9 May 2025. The second instalment of the dividend amounting to EUR 0.11 per share will be paid in October 2025 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 1 October 2025. The Board of Directors proposes that the second instalment of the dividend be paid on 8 October 2025. The Board of Directors further proposes that the Board be authorised to decide, if necessary, on a new record date and date of payment for the second instalment of the dividend should the rules of Euroclear Finland Oy or statutes governing the Finnish book-entry system change or otherwise so require. Price Target Changed • Feb 26
Price target decreased by 8.9% to €6.15 Down from €6.75, the current price target is an average from 2 analysts. New target price is 20% above last closing price of €5.12. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.35 for next year compared to €0.39 last year. Board Change • Feb 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Sanna Suvanto-Harsaae is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €5.38. The fair value is estimated to be €6.73, 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 grown by 7.5%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. New Risk • Nov 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €97.7m (US$103.1m) 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €5.28. The fair value is estimated to be €6.70, 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 grown by 7.3%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: €0.10 (down from €0.13 in 3Q 2023). Revenue: €22.8m (up 4.2% from 3Q 2023). Net income: €1.80m (down 24% from 3Q 2023). Profit margin: 7.9% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Durables industry in Finland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Duyuru • Nov 13
Orthex Corporation Announces Alex Nielsen, Sales Director, Europe and International Markets Agrees That He Will Leave the Company as of 30 November 2024 Orthex Corporation and Alex Nielsen, Sales Director, Europe and International Markets and member of the company's Management Team, have agreed that Mr. Nielsen will leave the company as of 30 November 2024. Nielsen has been a member of Orthex's Management Team since 2022. ‘During Nielsen's time, the company's sales and presence outside the Nordic countries have strengthened considerably and the strategy to become a truly European company has been confirmed, advanced and clarified. The international sales organisation will temporarily report to CEO Alexander Rosenlew. Orthex will start the succession planning process for the recruitment of a new Sales Director responsible for Europe and International Markets. Duyuru • Oct 11
Orthex Corporation Announces Resignation of Jens-Peter Poulsen from Board of Directors, Effective 31 October 2024 Jens-Peter Poulsen, member of Orthex's Board of Directors since 2021, has announced his resignation from the Board as of 31 October 2024. Mr. Poulsen has been appointed to a new, time-consuming full-time position; hence he will leave the Orthex Board. Following his resignation, the Board of Directors of Orthex will consist of four members until the next Annual General Meeting. Upcoming Dividend • Sep 24
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 09 October 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Finnish dividend payers (6.0%). In line with average of industry peers (3.7%). Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: €0.05 (down from €0.06 in 2Q 2023). Revenue: €21.0m (up 4.3% from 2Q 2023). Net income: €931.0k (down 13% from 2Q 2023). Profit margin: 4.4% (down from 5.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Durables industry in Finland. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 22
Orthex Oyj Announces Long-Term Dividend Target Orthex Oyj announced that the company aims to distribute a stable and over time increasing dividend with a pay-out of at least 50% of net profit, in total, on a biannual basis. Reported Earnings • May 16
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: €0.09 (up from €0.074 in 1Q 2023). Revenue: €22.0m (up 7.5% from 1Q 2023). Net income: €1.56m (up 19% from 1Q 2023). Profit margin: 7.1% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 1st October 2024 Payment date: 9th October 2024 Dividend yield will be 3.1%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 41% 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 improves as stock rises 17% After last week's 17% share price gain to €7.26, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Durables industry in Finland. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.13 per share. Duyuru • Apr 09
Orthex Corporation Approves Dividend for the Financial Year Ended 31 December 2023, Payable on 11 April 2024 and October 2024, Respectively Orthex Corporation's Annual General Meeting was held on 9 April 2024 As proposed by the Board, the general meeting resolved that for the financial year ended on 31 December 2023, shareholders will be paid a dividend of EUR 0.21 per share in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 11 April 2024. The first instalment of the dividend will be paid on 18 April 2024. The second instalment of the dividend amounting to EUR 0.10 per share will be paid in October 2024 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 2 October 2024. The second instalment of the dividend will be paid on 9 October 2024. Upcoming Dividend • Apr 03
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Finnish dividend payers (5.9%). Lower than average of industry peers (4.2%). Declared Dividend • Mar 15
Final dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 10th April 2024 Payment date: 18th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 06
Price target increased by 11% to €7.30 Up from €6.57, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €6.41. Stock is up 27% over the past year. The company is forecast to post earnings per share of €0.46 for next year compared to €0.39 last year. Reported Earnings • Mar 05
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €0.39 (up from €0.12 in FY 2022). Revenue: €85.9m (up 2.3% from FY 2022). Net income: €6.89m (up 225% from FY 2022). Profit margin: 8.0% (up from 2.5% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Finland. Duyuru • Mar 05
Orthex Oyj Proposes Dividend for the Financial Year Ended on 31 December 2023, Payable on 18 April 2024 and 9 October 2024 Respectively The Board of Directors of Orthex Oyj proposed to the general meeting that based on the financial statements to be adopted for the financial year ended on 31 December 2023, shareholders be paid a dividend of EUR 0.21 per share totaling approximately EUR 3.7 million based on the number of registered shares in the company at the time of the proposal. The dividend is proposed to be paid in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 11 April 2024. The Board of Directors proposes that the first instalment of the dividend be paid on 18 April 2024. The second instalment of the dividend amounting to EUR 0.10 per share will be paid in October 2024 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 2 October 2024. The Board of Directors proposes that the second instalment of the dividend be paid on 9 October 2024. Buy Or Sell Opportunity • Feb 17
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €5.75. The fair value is estimated to be €7.27, 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 41%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Duyuru • Feb 14
Orthex Corporation Announces Changes in Operational Responsibilities and the Management Team Orthex Corporation is clarifying its operational responsibilities resulting in corresponding changes in the Management Team. Operations Director Tom Ståhlberg has been appointed Chief Supply Officer (CSO) and will assume the overall responsibility for Orthex production, supply chain and purchasing. Operations Director Hans Cronquist will continue leading its largest production site in Tingsryd. Given the importance of the Tingsryd factory, Hans Cronquist will remain a member of the Management Team. Mr. Cronquist will report to Tom Ståhlberg. These changes will be effective as of 1 March 2024. The change accelerates the transformation towards increasing company-wide functional responsibilities. As of 14 February 2024, Orthex's Management Team will consist of: Alexander Rosenlew, Chief Executive Officer, Saara Mäkelä, Chief Financial Officer and Head of IT, Hanna Kukkonen, Chief Marketing and Sustainability Officer, Head of Product Development, Tom Ståhlberg, Chief Supply Officer, from 1 March 2024, Nicholas Ledin, Sales Director, Nordics, Alex Nielsen, Sales Director, Europe and International Markets, Hans Cronquist, Operations Director, Tingsryd and Peter Ottosson, Operations Director, Gnosjö, until 30 April 2024. Duyuru • Jan 09
Orthex Corporation Announces Resignation of Peter Ottosson Member of the Management Team and Operations Director of the Gnosjö Factory Peter Ottosson, member of Orthex's Management Team and Operations Director of the Gnosjö factory, has decided to leave his position to assume a role with another employer. Mr. Ottosson will continue in his current role untilthe month of May. Buying Opportunity • Dec 27
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €6.66, 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 41%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Price Target Changed • Nov 24
Price target increased by 7.7% to €6.07 Up from €5.63, the current price target is an average from 3 analysts. New target price is 21% above last closing price of €5.00. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.38 for next year compared to €0.12 last year. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: €0.13 (vs €0.072 in 3Q 2022) Third quarter 2023 results: EPS: €0.13 (up from €0.072 in 3Q 2022). Revenue: €21.9m (flat on 3Q 2022). Net income: €2.38m (up 87% from 3Q 2022). Profit margin: 11% (up from 5.8% in 3Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Finland. Duyuru • Nov 08
Orthex Oyj, Annual General Meeting, Apr 09, 2024 Orthex Oyj, Annual General Meeting, Apr 09, 2024. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.62, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Durables industry in Finland. Total loss to shareholders of 5.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.92 per share. Duyuru • Nov 03
Orthex Extends the SmartStoreTM Brand into Food Storage Products Orthex's growth strategy is to become a leader in Europe in the home storage category with the SmartStoreTM brand. As a part of executing its growth strategy, Orthex will extend the SmartStoreTM brand offering into food storage products. All Orthex's food storage containers will be branded SmartStoreTM. The re-branding starts at the end of 2023 and will be ready by spring of 2024. Orthex is continuing to increase the use of renewable raw materials in food storage products. From now on, SmartStoreTM Vision dry food keepers and SmartStoreTM Snack lunch boxes will contain at least 20% renewable, ISCC PLUS certified material, which is allocated by applying the mass balance approach. These product series are manufactured at the Orthex's Lohja factory in Finland. Upcoming Dividend • Sep 22
Upcoming dividend of €0.05 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Finnish dividend payers (5.8%). Lower than average of industry peers (5.3%). Duyuru • Sep 14
Orthex Corporation Announces Composition of Shareholders' Nomination Board The composition of Orthex's Shareholders' Nomination Board is the following: Maarit Toivanen, CEO and Chair of the Board of Conficap Oy, Alexander Rosenlew, Annika Ekman, Head of Direct Equity Investments of Ilmarinen Mutual Pension Insurance Company, Mats Söderström, CEO of Thomasset Oy. Maarit Toivanen was elected to chair the Nomination Board. The Nomination Board's expert member is Sanna Suvanto-Harsaae, Chair of the Board of Orthex Corporation. Orthex's Shareholders' Nomination Board prepares and presents to the Annual General Meeting the proposals on the remuneration and composition of the Board of Directors. The Nomination Board will submit its proposals for the 2024 Annual General Meeting to the Board of Directors by 31 January 2024. Price Target Changed • Sep 03
Price target decreased by 7.1% to €5.63 Down from €6.07, the current price target is an average from 3 analysts. New target price is 15% above last closing price of €4.90. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of €0.30 for next year compared to €0.12 last year. Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be €5.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 61%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Jul 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be €5.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 61%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • May 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be €5.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 61%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • May 19
First quarter 2023 earnings: Revenues and EPS in line with analyst expectations First quarter 2023 results: EPS: €0.07 (up from €0.063 in 1Q 2022). Revenue: €20.5m (flat on 1Q 2022). Net income: €1.32m (up 17% from 1Q 2022). Profit margin: 6.4% (up from 5.5% in 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Durables industry in Finland. Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €5.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • Apr 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be €6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Upcoming Dividend • Apr 12
Upcoming dividend of €0.06 per share at 2.3% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 27 April 2023. Trailing yield: 2.3%. Lower than top quartile of Finnish dividend payers (5.1%). Lower than average of industry peers (5.4%). Buying Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €6.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Reported Earnings • Mar 09
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €0.12 (down from €0.35 in FY 2021). Revenue: €84.0m (down 5.2% from FY 2021). Net income: €2.12m (down 65% from FY 2021). Profit margin: 2.5% (down from 6.8% in FY 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Europe. Buying Opportunity • Mar 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be €6.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Duyuru • Jan 25
Satu Huber No Longer Available for Re-Election to the Board of Orthex Oyj Orthex Oyj announced that Satu Huber has informed the Shareholders' Nomination Board that she is no longer available for re-election to the Board. Buying Opportunity • Jan 10
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 37% per annum over the same time period. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: €0.07 (down from €0.13 in 3Q 2021). Revenue: €22.1m (up 1.4% from 3Q 2021). Net income: €1.27m (down 43% from 3Q 2021). Profit margin: 5.8% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 75%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Europe. 
