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Tokmanni Group

12,75EUR -1,16%
13.144 investorer følger denne virksomhed

Tokmanni Group is a Finnish retail chain. The Group's product range includes household products, food items, clothing, tools, and electronics and interior design products. The products include a number of external brands and part of the range is sold under the own brand. The group is mainly established around the Finnish domestic market. The company is headquartered in Mäntsälä.

P/E (23e)
12,81
EV/EBIT (adj.) (23e)
15,29
P/B (23e)
2,91
Udbytteafkast, % (23e)
6,12 %
Kursmål
14.00 EUR
Anbefaling
Akkumulér
Opdateret
20.11.2023
NASDAQ Helsinki
TOKMAN
Daglig lav / høj pris
12,64 / 12,96 EUR
Markedsværdi
750,58 mio. EUR
Aktieomsætning
1,61 mio. EUR
Volumen
127 t
Risiko og anbefaling
HøjRisikoLav
SælgAnbefalingKøb

Seneste analyser

Tokmanni: Integration is underway, but Finland is hiccuping
20.11.2023
Tokmanni: Dollarstore improves earnings growth outlook
07.08.2023
Tokmanni: Weakening of margins will ease toward the end of the year
29.03.2023

Analyst

Arttu Heikura
Arttu Heikura
Analytiker

Seneste videoer

Tokmanni Q2'23: Sweden calling
08.08.2023
A discount store at a discount
30.03.2023
Tokmanni Q1'22 – Friday, Apr. 29 at 11:30 am EEST
29.04.2022

Finanskalender

Årsrapport
22.03.2024
Generalforsamling
23.04.2024
Selskabsgennemgang
17.05.2024
Delårsrapport
16.08.2024
Selskabsgennemgang
15.11.2024

Major Owners
Source: Millistream Market Data AB

OwnerCapitalVotes
Takoa Invest17,9 %17,9 %
Varma Mutual Pension Insurance Company4,2 %4,2 %
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Insider Transactions

InsiderDateTotal value
Mikko Bergman23.11.2023192.465EUR
Seppo Saastamoinen21.11.20231.884EUR
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Resultatopgørelse

20192020202120222023e2024e2025e2026e
Omsætning944,301.073,161.141,781.168,011.379,401.658,571.736,781.784,19
vækst-%8,49 %13,65 %6,39 %2,30 %18,10 %20,24 %4,72 %2,73 %
EBITDA130,55163,57174,57157,24186,05219,19240,40255,72
EBIT (adj.)70,4099,55105,6985,7496,19119,15135,86142,66
EBIT69,4098,95107,7484,0492,65119,15135,86142,66
Overskud før skat58,9088,9597,5473,3469,1288,66106,19113,60
Netto indkomst47,1071,2577,9858,7655,0470,0483,8989,75
EPS (adj.)0,821,221,291,031,001,191,421,52
vækst-%34,36 %49,44 %5,62 %-20,37 %-3,12 %19,57 %19,77 %6,99 %
Udbytte0,620,850,960,760,780,800,831,07
Udbytte ratio77,49 %70,20 %72,48 %76,14 %83,43 %67,24 %58,00 %70,00 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%13,83 %15,24 %15,29 %13,46 %13,49 %13,22 %13,84 %14,33 %
EBIT-% (adj.)7,46 %9,28 %9,26 %7,34 %6,97 %7,18 %7,82 %8,00 %
EBIT-%7,35 %9,22 %9,44 %7,20 %6,72 %7,18 %7,82 %8,00 %
ROE26,23 %35,45 %33,76 %23,90 %21,79 %25,93 %27,91 %26,43 %
ROI14,74 %16,19 %16,99 %13,14 %10,94 %11,33 %12,80 %13,15 %

Værdiansættelse

20192020202120222023e2024e2025e2026e
Share price (EUR)12,6216,2419,6511,2912,7512,7512,7512,75
Aktier58,8758,8458,8758,8758,8758,8758,8758,87
Markedsværdi742,92955,601.156,77664,63750,58750,58750,58750,58
Enterprise value1.123,101.288,401.471,071.047,931.471,151.451,531.452,991.432,54
EV/S1,191,201,290,901,070,880,840,80
EV/EBITDA8,607,888,436,667,916,626,045,60
EV/EBIT (adj.)15,9512,9413,9212,2215,2912,1810,6910,04
EV/EBIT16,1813,0213,6512,4715,8812,1810,6910,04
P/E (adj.)15,4513,3015,2410,9912,8110,728,958,36
P/E15,7713,4114,8411,3113,6410,728,958,36
P/B4,024,404,732,692,912,662,352,08
P/S0,790,891,010,570,540,450,430,42
Udbytteprocent4,91 %5,23 %4,89 %6,73 %6,12 %6,27 %6,48 %8,37 %
Equity ratio25,27 %27,68 %29,97 %31,11 %20,89 %22,29 %24,53 %27,11 %
Gearing ratio205,87 %153,14 %128,45 %155,19 %279,21 %248,39 %220,20 %189,39 %

Kvartalsdata

Q4/222022Q1/23Q2/23Q3/23Q4/23e2023eQ1/24eQ2/24e
Omsætning338,981.168,01238,20318,90364,37457,931.379,40
EBITDA51,79157,2417,4648,5449,6170,44186,05
EBIT32,9984,04-2,0428,7423,0142,9492,65
Overskud før skat30,0973,34-5,2824,4816,2133,7069,12
Netto indkomst24,1958,76-4,2819,6412,7126,9655,04
ViserAlle indholdstyper
Publisher
Analytikerkommentar
af Arttu Heikura, Rauli Juva

Finnish market for department store and hypermarket chains grew in September

StockmannTokmanni GroupKesko

The decline was strongest in the clothing product group (-12%), which, we believe, hits Stockmann the hardest, but also has an impact on both Tokmanni's and Kesko’s consumer goods trade. The total grocery (daily goods) trade grew by 5.1%, which was still driven by price inflation, but the trend has been turning since the start of the year and we expect volumes to slowly pick up as inflation eases. As expected, the food service market slowed down by 1.6% from the previous year, which Kespro’s sales figures sort of reflected.

Publisher
Video
af Isa Hudd, Olli Vilppo

Tokmanni Q2'23: Sweden calling

Tokmanni Group

Tokmanni's Q2 results were close to our expectations, and we finally saw positive development in comparable EBIT. Inflation continues to a burden on the company, especially in own costs, but we expect the sales margin to continue to recover, supporting the earnings growth outlook.

Publisher
Analyse
af Olli Vilppo

Tokmanni: Dollarstore improves earnings growth outlook

Tokmanni Group

Tokmanni's Q2 results were close to our expectations, and we finally saw positive development in comparable EBIT. Inflation continues to a burden on the company, especially in own costs, but we expect the sales margin to continue to recover, supporting the earnings growth outlook. We also remain cautiously positive on the acquisition of Dollarstore.

Publisher
Analytikerkommentar
af Rauli Juva

The Finnish consumer goods market grew slightly in May

StockmannTokmanni Group

The Finnish Grocery Trade Association (Päivittäistavarakauppa ry PTY) reported that the revenue from consumer goods of department store and hypermarket chains (K-Citymarket, Prisma, Sokos, Tokmanni, Minimani and Stockmann) grew by 1% in May from the year before. The total revenue of the chains grew by 7.5%, driven by the growth of over 10% in grocery trade.