NOKIAN RENKAAT OYJ |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.08 EUR | +1.73% |
|
+0.02% | +9.95% |
| Apr. 05 | Veronica Lindholm and George Rietbergen Not to Stand for Re-Election as Board of Directors of Nokian Tyres plc | CI |
| Apr. 04 | Finnish unions to suspend strike, ask government to act | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,556 | 3,984 | 4,603 | 1,324 | 1,139 | 1,252 | - | - |
| Enterprise Value (EV) 1 | 3,597 | 3,966 | 4,504 | 1,465 | 1,362 | 1,682 | 1,796 | 1,834 |
| P/E ratio | 8.87 x | 46.5 x | 22.3 x | -7.54 x | -3.5 x | 30 x | 17.1 x | 11.4 x |
| Yield | 6.16% | 4.16% | 3.96% | 5.74% | 6.66% | 6.06% | 5.83% | 6.04% |
| Capitalization / Revenue | 2.23 x | 3.03 x | 2.69 x | 0.75 x | 0.97 x | 0.91 x | 0.81 x | 0.73 x |
| EV / Revenue | 2.25 x | 3.02 x | 2.63 x | 0.83 x | 1.16 x | 1.22 x | 1.17 x | 1.07 x |
| EV / EBITDA | 8.14 x | 12.3 x | 10.6 x | 7.54 x | 9.27 x | 7.68 x | 6.41 x | 5.34 x |
| EV / FCF | -45.1 x | 14.6 x | 16.3 x | -10.9 x | -8.03 x | -12.8 x | -33.6 x | 27.6 x |
| FCF Yield | -2.22% | 6.87% | 6.15% | -9.14% | -12.5% | -7.81% | -2.98% | 3.63% |
| Price to Book | 2.01 x | 2.62 x | 2.83 x | 0.92 x | 0.85 x | 0.95 x | 0.94 x | 0.9 x |
| Nbr of stocks (in thousands) | 138,725 | 138,224 | 138,224 | 138,251 | 137,867 | 137,867 | - | - |
| Reference price 2 | 25.63 | 28.82 | 33.30 | 9.580 | 8.258 | 9.080 | 9.080 | 9.080 |
| Announcement Date | 2/4/20 | 2/9/21 | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,596 | 1,314 | 1,714 | 1,776 | 1,174 | 1,380 | 1,539 | 1,706 |
| EBITDA 1 | 441.7 | 321.3 | 425.7 | 194.4 | 147 | 219 | 280 | 343.5 |
| EBIT 1 | 316.5 | 190.2 | 268.2 | -116.2 | 32.1 | 82.84 | 127.2 | 170.6 |
| Operating Margin | 19.83% | 14.48% | 15.65% | -6.54% | 2.74% | 6% | 8.26% | 10% |
| Earnings before Tax (EBT) 1 | 336.7 | 106 | 258.2 | -146.3 | 14.2 | 53.74 | 96.66 | 144.3 |
| Net income 1 | 399.9 | 86 | 206.2 | -175.5 | -325.5 | 41.65 | 73.23 | 110.2 |
| Net margin | 25.06% | 6.55% | 12.03% | -9.88% | -27.74% | 3.02% | 4.76% | 6.46% |
| EPS 2 | 2.890 | 0.6200 | 1.490 | -1.270 | -2.360 | 0.3022 | 0.5302 | 0.7980 |
| Free Cash Flow 1 | -79.8 | 272.5 | 276.9 | -134 | -169.7 | -131.4 | -53.51 | 66.52 |
| FCF margin | -5% | 20.74% | 16.15% | -7.54% | -14.46% | -9.52% | -3.48% | 3.9% |
| FCF Conversion (EBITDA) | - | 84.81% | 65.05% | - | - | - | - | 19.37% |
| FCF Conversion (Net income) | - | 316.86% | 134.29% | - | - | - | - | 60.39% |
| Dividend per Share 2 | 1.580 | 1.200 | 1.320 | 0.5500 | 0.5500 | 0.5500 | 0.5291 | 0.5484 |
| Announcement Date | 2/4/20 | 2/9/21 | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 550.5 | 758 | 443.5 | 512.6 | 416.5 | 482.1 | 898.6 | 466.2 | 411.3 | 877.5 | 236.4 | 293.1 | 276.1 | 368 | 262.9 | 356.7 | 332.3 | 432.1 | 311 |
| EBITDA 1 | - | - | 132.9 | 106.4 | 94.8 | 124.7 | - | 81.4 | - | - | 13.8 | 32.4 | 37.5 | 63.3 | 16.07 | 46.1 | 55.57 | 82.8 | - |
| EBIT 1 | -13.7 | 126.1 | 96.9 | 53 | 59.3 | 86.3 | 152.8 | 40.7 | -13.5 | -269 | -18.8 | 9.5 | 8.3 | 33.1 | -15.62 | 13.78 | 22.9 | 49.47 | 3 |
| Operating Margin | -2.49% | 16.64% | 21.85% | 10.34% | 14.24% | 17.9% | 17% | 8.73% | -3.28% | -30.66% | -7.95% | 3.24% | 3.01% | 8.99% | -5.94% | 3.86% | 6.89% | 11.45% | 0.96% |
| Earnings before Tax (EBT) 1 | - | - | 85 | 49.9 | 57.6 | -199.3 | - | 33.8 | -38.5 | - | -22.5 | 6.4 | 3.3 | 27.1 | -17.47 | 15.5 | 12.3 | 37.57 | -1 |
| Net income 1 | -22.4 | - | 69.1 | 37.1 | 47 | -231.1 | - | 24.3 | -15.7 | - | -357.7 | 1.8 | 4.2 | 26.2 | -13.57 | 12.18 | 11.68 | 31.14 | -1 |
| Net margin | -4.07% | - | 15.58% | 7.24% | 11.28% | -47.94% | - | 5.21% | -3.82% | - | -151.31% | 0.61% | 1.52% | 7.12% | -5.16% | 3.41% | 3.51% | 7.21% | -0.32% |
| EPS 2 | -0.1600 | 0.7200 | 0.5000 | 0.2700 | 0.3400 | -1.670 | -1.330 | 0.1800 | -0.1100 | - | -2.590 | 0.0100 | 0.0300 | 0.1900 | -0.0980 | 0.0900 | 0.0860 | 0.2260 | -0.0100 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5500 | - | 0.5500 | - | - | 0.5500 |
| Announcement Date | 8/4/20 | 8/3/21 | 11/2/21 | 2/8/22 | 4/27/22 | 8/2/22 | 8/2/22 | 11/1/22 | 2/7/23 | 2/7/23 | 4/25/23 | 7/21/23 | 10/31/23 | 2/6/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 41.1 | - | - | 141 | 224 | 430 | 544 | 582 |
| Net Cash position 1 | - | 17.2 | 98.7 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.093 x | - | - | 0.7248 x | 1.521 x | 1.963 x | 1.942 x | 1.694 x |
| Free Cash Flow 1 | -79.8 | 273 | 277 | -134 | -170 | -131 | -53.5 | 66.5 |
| ROE (net income / shareholders' equity) | 24.6% | 5.23% | 13.1% | -11.5% | 2.71% | 3.21% | 5.56% | 7.66% |
| ROA (Net income/ Total Assets) | 18.1% | 3.68% | 8.74% | -7.64% | 1.66% | 1.78% | 2.68% | 3.92% |
| Assets 1 | 2,213 | 2,335 | 2,360 | 2,297 | -19,577 | 2,339 | 2,731 | 2,809 |
| Book Value Per Share 2 | 12.80 | 11.00 | 11.80 | 10.40 | 9.770 | 9.600 | 9.660 | 10.10 |
| Cash Flow per Share 2 | 2.880 | 3.050 | 2.870 | -0.0300 | 0.6000 | 1.320 | 1.570 | 1.970 |
| Capex 1 | 300 | 150 | 120 | 130 | 252 | 336 | 245 | 148 |
| Capex / Sales | 18.77% | 11.41% | 6.98% | 7.3% | 21.48% | 24.33% | 15.95% | 8.66% |
| Announcement Date | 2/4/20 | 2/9/21 | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
9.08
EUR
Average target price
8.291
EUR
Spread / Average Target
-8.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.95% | 1.34B | |
| +15.15% | 29.25B | |
| +40.43% | 7.18B | |
| +22.39% | 4.04B | |
| -17.32% | 3.36B | |
| -9.22% | 3.29B | |
| +41.51% | 3.29B | |
| +20.79% | 3.09B | |
| +21.78% | 2.81B | |
| -3.24% | 2.24B |
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