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KH Group

0.53 EUR

-2.59 %

7,718 following
Corporate customer

KHG

NASDAQ Helsinki

Conglomerates

Industrials

-2.59 %
-2.95 %
+13.61 %
+26.75 %
+15.60 %
-4.01 %
-46.33 %
-58.58 %
-94.14 %

KH Group Plc is a Nordic corporation supporting sustainable construction and society’s critical functions with two business areas: KH-Koneet, supplier of construction and earthmoving machinery, and Nordic Rescue Group, rescue vehicle manufacturer. KH Group’s share is listed on Nasdaq Helsinki.

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Market cap
30.55M EUR
Turnover
17.99K EUR
P/E (adj.) (26e)
20.48
EV/EBIT (adj.) (26e)
12.01
P/B (26e)
0.6
EV/S (26e)
0.44
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.60 EUR
Updated
23.03.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 23.03.2026

Latest extensive report

Released: 17.02.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5.5
2026

Interim report Q1'26

5.5
2026

General meeting '26

14.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
This is indeed a strange case, if Sukari’s statements are to be believed at all. A year ago, Sukari said he offered just under €20 million and that negotiations had continued several times since. He says he was ready to shake hands on the deal, but they couldn’t close it. Toivo mentions...
3/26/2026, 12:47 PM
by Karhu Hylje
16
If this is even remotely true, then KH Group’s board has destroyed shareholder value to a historic extent in this company. This can’t be true, can it? And if it is, then how can there be any trust in the future that KH Koneet and NRG will maximize shareholder value?
3/26/2026, 2:44 PM
by Lohis
13
That’s not a silly question at all; it’s quite pertinent, as EV usually decreases in forecasts when a company’s cash flow reduces net debt. However, this doesn’t apply to KH Group, because the forecasts assume significant growth for KH-Koneet in the coming years. This growth ties...
3/23/2026, 10:52 AM
by Thomas Westerholm
13
Vivutetun’s balance sheet figures are improving rapidly as business rolls on well. Seasonality naturally also plays a role. From @Thomas_Westerholm’s comprehensive report: “Net debt at the end of Q3 was nevertheless at a high level of 4.1x relative to the previous 12 months’ EBITDA...
3/21/2026, 12:49 PM
by Raha-aasi
11
OP reiterated the target price of €0.60 and an ADD recommendation. OP forecasts an operating profit of €7.8 million for 2026 and €10.5 million for 2027. The analysis is based on a sum-of-the-parts calculation, where the valuation multiple for KH-Koneet is EV/EBIT 10x and for NRG ...
3/24/2026, 9:24 AM
by Raha-aasi
10
Thomas and Calle discussed KH Group’s Q4 and outlook Inderes KH Group Q4'25: Muutosmatka lähestyy maaliviivaa - Inderes Aika: 20.03.2026 klo 15.15 KH Groupin muutosmatka alkaa olla maaliviivalla, kun huonekaluketjusta Indoor Groupista irtauduttiin syksyllä 2025, ja jatkossa fokus...
3/20/2026, 3:46 PM
by Sijoittaja-alokas
10
Another thing that positively surprised me in that table was NRG’s (NRG) debts. Now it was EUR 7.9 million with lease liabilities, whereas on September 30, it was still EUR 12.4 million. How is such a significant reduction in debt possible considering NRG’s (NRG) size?
3/20/2026, 10:58 AM
by Raha-aasi
7
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