Harvia
41 EUR -0.36%14,840 investors are following this company
Harvia is a manufacturer of sauna systems. The product range consists of complete solutions that include ready-made sauna and spa facilities, as well as electric sauna heaters, wood-fired sauna stoves, and associated furnishings. In addition, the company manufactures infrared sauna systems. Harvia operates worldwide, and the company's products are found via partners. The company was founded in 1950 and is headquartered in Muurame.
P/E (24e)
29.82
EV/EBIT (adj.) (24e)
21.83
P/B (24e)
6.35
Dividend yield-% (24e)
1.76 %
Target price
28.00 EUR
Recommendation
Sell
Updated
29.4.2024
NASDAQ Helsinki
HARVIA
Daily low / high price
40.5 / 41.35
EUR
Market cap
766.46M EUR
Turnover
1.01M EUR
Volume
25K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Interim report
03.05.2024
Interim report
08.08.2024
Interim report
07.11.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Onvest Oy | 4.4 % | 4.4 % |
WestStar Oy | 3.1 % | 3.1 % |
Premium
This content is for our Premium customers only.
Insider Transactions
Insider | Date | Total value |
---|---|---|
Rainer Kunz | 23.02.2024 | 454,674EUR |
David Ahonen | 09.02.2024 | 50,822EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 109.1 | 179.1 | 172.4 | 150.5 | 161.8 | 176.3 | 188.5 | 198.9 |
growth-% | 47.3 % | 64.2 % | -3.8 % | -12.7 % | 7.5 % | 8.9 % | 6.9 % | 5.5 % |
EBITDA | 26.7 | 52.5 | 42.2 | 39.3 | 42.3 | 47.6 | 50.3 | 52.5 |
EBIT (adj.) | 24.5 | 47.4 | 36.5 | 33.7 | 36.1 | 40.2 | 44.1 | 46.9 |
EBIT | 22.4 | 46.6 | 34.7 | 33.0 | 36.1 | 40.2 | 44.1 | 46.9 |
Profit before taxes | 20.3 | 45.2 | 36.8 | 29.5 | 33.3 | 38.8 | 42.3 | 46.0 |
Net income | 15.5 | 33.7 | 27.1 | 23.3 | 25.7 | 29.8 | 32.5 | 35.4 |
EPS (adj.) | 0.94 | 1.85 | 1.55 | 1.28 | 1.37 | 1.60 | 1.74 | 1.90 |
growth-% | 73.6 % | 96.7 % | -16.4 % | -17.1 % | 7.0 % | 16.3 % | 9.1 % | 8.8 % |
Dividend | 0.51 | 0.60 | 0.64 | 0.68 | 0.72 | 0.80 | 1.05 | 1.14 |
Dividend ratio | 61.5 % | 33.1 % | 44.0 % | 54.5 % | 52.4 % | 50.0 % | 60.0 % | 60.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 24.5 % | 29.3 % | 24.5 % | 26.1 % | 26.2 % | 27.0 % | 26.7 % | 26.4 % |
EBIT-% (adj.) | 22.4 % | 26.5 % | 21.2 % | 22.4 % | 22.3 % | 22.8 % | 23.4 % | 23.6 % |
EBIT-% | 20.5 % | 26.0 % | 20.1 % | 21.9 % | 22.3 % | 22.8 % | 23.4 % | 23.6 % |
ROE | 22.9 % | 45.8 % | 30.5 % | 22.7 % | 22.5 % | 23.2 % | 22.3 % | 21.8 % |
ROI | 19.4 % | 35.2 % | 21.8 % | 18.1 % | 19.8 % | 22.9 % | 24.0 % | 25.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 24.50 | 58.70 | 17.68 | 27.20 | 41.00 | 41.00 | 41.00 | 41.00 |
Shares | 18.6 | 18.6 | 18.7 | 18.7 | 18.7 | 18.7 | 18.7 | 18.7 |
Market cap | 456.8 | 1,091.4 | 330.0 | 507.6 | 765.2 | 765.2 | 765.2 | 765.2 |
Enterprise value | 485.8 | 1,132.3 | 384.6 | 545.2 | 788.5 | 772.3 | 755.5 | 741.0 |
EV/S | 4.5 | 6.3 | 2.2 | 3.6 | 4.9 | 4.4 | 4.0 | 3.7 |
EV/EBITDA | 18.2 | 21.6 | 9.1 | 13.9 | 18.6 | 16.2 | 15.0 | 14.1 |
EV/EBIT (adj.) | 19.9 | 23.9 | 10.5 | 16.2 | 21.8 | 19.2 | 17.1 | 15.8 |
EV/EBIT | 21.7 | 24.3 | 11.1 | 16.5 | 21.8 | 19.2 | 17.1 | 15.8 |
P/E (adj.) | 26.0 | 31.7 | 11.4 | 21.2 | 29.8 | 25.6 | 23.5 | 21.6 |
P/E | 29.5 | 32.4 | 12.2 | 21.8 | 29.8 | 25.6 | 23.5 | 21.6 |
P/B | 6.9 | 13.5 | 3.4 | 4.7 | 6.3 | 5.6 | 5.0 | 4.5 |
P/S | 4.2 | 6.1 | 1.9 | 3.4 | 4.7 | 4.3 | 4.1 | 3.8 |
Dividend yield | 2.1 % | 1.0 % | 3.6 % | 2.5 % | 1.8 % | 2.0 % | 2.6 % | 2.8 % |
Equity ratio | 41.6 % | 41.8 % | 47.1 % | 50.7 % | 58.2 % | 66.5 % | 68.6 % | 82.6 % |
Gearing ratio | 42.2 % | 48.7 % | 55.5 % | 34.6 % | 19.2 % | 5.2 % | -6.2 % | -14.1 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 41.4 | 35.8 | 33.9 | 39.4 | 150.5 | 43.4 | 39.6 | 36.3 | 42.6 |
EBITDA | 10.8 | 9.3 | 8.3 | 10.9 | 39.3 | 11.8 | 10.2 | 9.0 | 11.4 |
EBIT | 9.2 | 7.8 | 6.8 | 9.2 | 33.0 | 10.3 | 8.6 | 7.4 | 9.8 |
Profit before taxes | 8.3 | 6.9 | 6.1 | 8.2 | 29.5 | 9.6 | 7.9 | 6.7 | 9.1 |
Net income | 6.3 | 5.3 | 4.5 | 7.2 | 23.3 | 7.4 | 6.1 | 5.2 | 7.0 |
ShowingAll content types
Decisions of the Organisational Meeting of Harvia Plc’s Board of Directors
Resolutions of Harvia Plc's Annual General Meeting on 26 April 2024
Join Inderes community
Don't miss out - create an account and get all the possible benefits
Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools