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Honkarakenne

2.80 EUR

-4.11 %

4,664 following

HONBS

NASDAQ Helsinki

Real Estate Management & Development

Real Estate

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-4.11 %
+17.65 %
+12.45 %
-2.78 %
+11.11 %
-1.41 %
-26.89 %
-60.45 %
-40.11 %

Honkarakenne operates in the real estate industry. The company specializes in residential development and focuses primarily on developing houses, which includes log houses, log cabins and saunas. The companies operate throughout the value chain, from development, planning, to completion. The largest market is found in the Nordic region and Europe. The head office is located in Järvenpää.

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Market cap
17.39M EUR
Turnover
12.21K EUR
P/E (adj.) (26e)
218.15
EV/EBIT (adj.) (26e)
60.02
P/B (26e)
1.7
EV/S (26e)
0.4
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
2.70 EUR
Updated
24.06.2026
Disclaimer
Atte Jortikka
Atte Jortikka

Analyst

Latest research

Latest analysis report

Released: 25.06.2026

Latest extensive report

Released: 23.01.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
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Forum discussions
Looking at Honkarakenne as a whole, the “margins” are likely very good, considering this helps fill underutilized capacity. If we were at a different stage of the cycle and demand was high anyway, it probably wouldn’t add much value. The calculated margin for individual deliveries...
6/23/2026, 8:52 AM
by mardi
4
A few comments on the latest news in this thread; I have an acquaintance in the log industry from whom I always get good opinions/insights. This seemed to be mostly a promotional release from Ollikainen. Good for Ollikainen, they seem to be doing quite well. Generally, there is definitely...
2/4/2026, 2:51 PM
4
" According to the Log House Markets 2022–2025 report published by Rakennustutkimus RTS Oy on January 1, 2026, the order book for industrial logs grew by as much as 46 percent in terms of euros compared to the previous year." Tärkeimmät talousuutiset | Kauppalehti – 29 Jan 26 Hirsitalojen...
1/29/2026, 1:24 PM
by Karhu Hylje
3
Atte has released a new company report on Honkarakenne regarding this major order. Honkarakenne announced a partnership with OnWood, which begins with the delivery of over one hundred turnkey log buildings to Europe. We view the order and the broader cooperation as positive for the...
6/25/2026, 4:54 AM
by Sijoittaja-alokas
2
Here are Atte’s comments regarding this massive order. Honkarakenne announced on Tuesday that it has signed a strategic cooperation agreement with OnWood Oy and, at the same time, agreed on the delivery of over a hundred turnkey log buildings to Western Europe. We view the news as...
6/24/2026, 5:19 AM
by Sijoittaja-alokas
2
“As their first joint project, Honkarakenne and OnWood will deliver over one hundred turnkey buildings to Western Europe. Honka will act as the building designer and creator of the interior design concept. OnWood will produce the buildings using Honka’s logs and deliver the buildings...
6/23/2026, 8:43 AM
by Juippi
2
Here are Ate’s comments on the current CEO moving to lead Honka Japan. Honkarakenne announced on Thursday a surprising turn of events regarding CEO Marko Saarelainen’s future role and the company’s board composition. Saarelainen will not be available for the company’s board or as...
4/10/2026, 5:29 AM
by Sijoittaja-alokas
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26.8
2026

Interim report Q2'26

Honkarakenne: Betydelig ordre understøtter vækst
Research25.06.2026, 06.35 by
Atte Jortikka

Honkarakenne: Betydelig ordre understøtter vækst

Vi foretog ingen væsentlige ændringer i estimaterne på nuværende tidspunkt, da væksten i ordrebeholdningen i første halvår allerede var indregnet i vores tidligere forventninger.

Honkarakenne
Honkarakenne: Ordre på over hundrede bjælkehuse til Vesteuropa
Analyst Comment24.06.2026, 06.50 by
Atte Jortikka

Honkarakenne: Ordre på over hundrede bjælkehuse til Vesteuropa

Ordren på over hundrede bjælkehuse til Vesteuropa er en betydelig åbning for samarbejdet med OnWood.

Honkarakenne
Regulatory press release23.06.2026, 09.15

Inside information: HONKARAKENNE OYJ AND ONWOOD OY LAUNCH A STRATEGIC PARTNERSHIP

Honkarakenne

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Regulatory press release23.04.2026, 17.00

CONSTITUENT MEETING OF HONKARAKENNE’S BOARD OF DIRECTORS AND COMMITTEES

Honkarakenne
Regulatory press release23.04.2026, 16.00

DECISIONS MADE BY HONKARAKENNE OYJ’S ANNUAL GENERAL MEETING

Honkarakenne
Honkarakenne har udnævnt ny administrerende direktør
Analyst Comment14.04.2026, 07.08 by
Atte Jortikka

Honkarakenne har udnævnt ny administrerende direktør

Magnus Hindström, der kommer fra Metsä Wood, bidrager med solid international erfaring til at understøtte eksportstrategien.

Honkarakenne
Regulatory press release13.04.2026, 16.02

MAGNUS HINDSTRÖM HAS BEEN APPOINTED AS THE PRESIDENT AND CEO OF HONKARAKENNE

Honkarakenne
Regulatory press release10.04.2026, 17.02

NEW PROPOSAL BY HONKARAKENNE OYJ’S SHAREHOLDERS’ NOMINATION COMMITTEE ON THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS

Honkarakenne
Honkarakenne: Nuværende administrerende direktør skifter til Honka Japans ledelse
Analyst Comment10.04.2026, 06.55 by
Atte Jortikka

Honkarakenne: Nuværende administrerende direktør skifter til Honka Japans ledelse

Situationen er usikker, da der endnu ikke er udpeget en kommende administrerende direktør eller bestyrelsesformand for selskabet.

Honkarakenne
Regulatory press release09.04.2026, 15.30

NOTIFICATION TO THE HONKARAKENNE OYJ’S SHAREHOLDERS’ NOMINATION COMMITTEE

Honkarakenne
Regulatory press release02.04.2026, 13.00

NOTICE OF HONKARAKENNE OYJ’S ANNUAL GENERAL MEETING

Honkarakenne
Analyst Comment25.03.2026, 06.47 by
Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

Forventningerne til boligbyggeriet er tydeligt nedjusteret i byggebranchens konjunkturrapport

I gennemgangen blev estimaterne for påbegyndelse af boligbyggeri for indeværende år reduceret betydeligt.

SRV GroupYITKreate GroupGRK InfraConstiTekovaEcoUpHonkarakenneLapWallToivo Group
Regulatory press release20.03.2026, 14.30

HONKARAKENNE’S BOARD OF DIRECTORS’ REPORT, FINANCIAL STATEMENTS, CORPORATE GOVERNANCE STATEMENT AND REMUNERATION REPORT FOR 2025 HAVE BEEN PUBLISHED

Honkarakenne
Honkarakenne H2'25: Langsomt mod bedre tider
Research13.02.2026, 06.00 by
Atte Jortikka

Honkarakenne H2'25: Langsomt mod bedre tider

Selskabets resultat for andet halvår var som forventet svagt og stort set i overensstemmelse med selskabets nedjustering fra december. Guidancen var stort set i tråd med vores forventninger, selvom rentabilitets-guidance-intervallet var blødere end vores estimater.

Honkarakenne
Regulatory press release12.02.2026, 08.00

HONKARAKENNE OYJ'S FINANCIAL STATEMENTS BULLETIN 1 JANUARY–31 DECEMBER 2025

Honkarakenne
Honkarakenne H2'25 preview: Tallene er stort set kendte, fokus på fremtiden
Analyst Comment04.02.2026, 07.00 by
Atte Jortikka

Honkarakenne H2'25 preview: Tallene er stort set kendte, fokus på fremtiden

Vi forventer, at selskabet rapporterer et underskudsgivende resultat i overensstemmelse med den nedjustering, der blev udstedt i december. Fokus i regnskabsmeddelelsen vil især være på udviklingen i ordrebeholdningen og udsigterne for 2026.

Honkarakenne
Honkarakenne: Ny administrerende direktør udskiftes
Analyst Comment02.02.2026, 07.00 by
Atte Jortikka

Honkarakenne: Ny administrerende direktør udskiftes

Vi havde ikke forventet udskiftningen af CEO'en, men vi forholder os neutrale til sagen, mens vi afventer udnævnelsen af en efterfølger.

Honkarakenne
Regulatory press release30.01.2026, 15.30

HONKARAKENNE OYJ’S SHAREHOLDERS’ NOMINATION COMMITTEE’S PROPOSALS FOR THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS

Honkarakenne
Honkarakenne omfattende analyse: Turnaround-historien mangler stadig konkretisering
Extensive research23.01.2026, 06.50 by
Atte Jortikka

Honkarakenne omfattende analyse: Turnaround-historien mangler stadig konkretisering

Vi forventer, at selskabet vil opnå en mere betydelig indtjeningsvækst i 2027-2028.

Honkarakenne
Press release20.01.2026, 08.30

Honka to Build Finland’s Largest CLT Log Hotel as Tornio-Haparanda Rises as Lapland’s New Hotspot

Honkarakenne