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LapWall

5.26 EUR+1.15 %21.10, 15.25
1,752 following

LAPWALL

First North Finland

Construction & Materials

Industrials

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
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+1.15 %
+16.37 %
+24.35 %
+31.50 %
+35.57 %
+38.79 %
+83.92 %
-
+69.19 %

LapWall operates in the building products industry with several factories. The company manufactures wooden wall and ceiling elements in factory conditions for construction companies. The product range includes several standard products that are delivered and installed by the customer. The company's market area is Finland. LapWall was founded in 2011 and its headquarters are located in Pyhäntä, Finland.

Read more
Market cap
76.4M EUR
Turnover
137.88K EUR
P/E (adj.) (26e)
19.31
EV/EBIT (adj.) (26e)
16.44
P/B (26e)
3.81
EV/S (26e)
1.66
Dividend yield-% (26e)
2.85 %
Coverage
Recommendation
Accumulate
Target price
5.00 EUR
Updated
05.10.2026
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 05.10.2026

Latest extensive report

Released: 05.10.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
I chatted with CEO Pekkarinen a month ago at the inauguration of the new production line. I asked what was taking so long with the announcements regarding the data center orders. He explained that the customers prohibit disclosing the deals. I noted that the solid increase in order...
10/4/2026, 8:39 AM
by Nokiotta
28
In my opinion, LapWall’s valuation is by no means demanding at the moment. Earnings-based multiples using Inderes’ new forecasts: Adj. EV/EBIT '26-'27: 14.8x–9.3x Adj. P/E '26-'27: 17.1x–11.1x Earnings are expected to improve significantly in both 2026 and 2027. Based on these numbers...
10/5/2026, 10:38 AM
by Tomi Lindell
27
Pekkarinen’s comment regarding data center projects from the local newspaper: “We have the products, expertise, production capacity, and a proven track record demonstrating that we can deliver even in highly demanding data center projects. There is currently a lot of activity in ...
10/1/2026, 10:09 AM
by Delete
19
From the release: LapWall will deliver a roof solution for a data center currently under construction in Finland; this is the third roof solution delivered for a data center project. Data center construction is a concrete example of opening up new applications. In Finland, we have...
6 hours ago
17
I’ve been waiting for Lapwall’s results since 9:00 with a cup of coffee. Doesn’t this usually come out between 8:30 and 9:00? The F5 key on my keyboard is about to wear out. Well, here it is now, and I’m definitely pleased with it! Inderes LapWall Oyj:n liiketoimintakatsaus heinä...
7 hours ago
by Jussi
17
Tommi has prepared an extensive report on LapWall, and it is of course free for everyone to read—no paywalls here. We raise LapWall’s target price to EUR 5.0 (previously EUR 4.8) and reiterate our Accumulate recommendation. The company’s revenue turned to clear growth in H1’26, and...
10/5/2026, 7:01 AM
by Sijoittaja-alokas
15
Here are Tommi’s comments on the Court of Appeal overturning the District Court’s interlocutory judgment, which ordered LapWall to pay nearly 2 million euros in damages to a Swedish company. On Thursday, the Rovaniemi Court of Appeal unanimously overturned the interlocutory judgment...
10/2/2026, 11:19 AM
by Sijoittaja-alokas
14
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21.10
2026

Business review Q3'26

LapWall Q3'26 preview: Volumes skyrocket25:19
Video21.10.2026, 13.40 by
Tommi Saarinen

LapWall Q3'26 preview: Volumes skyrocket

LapWall's strong profitability in the third quarter was driven in particular by high volumes. Further, the key events of the quarter included the appointment of Tiina Määttä as the new CFO and General Counsel.

LapWall
LapWall Q3'26-preview: Væksten fortsætter på baggrund af en stærk ordrebog
Analyst Comment14.10.2026, 06.30 by
Tommi Saarinen

LapWall Q3'26-preview: Væksten fortsætter på baggrund af en stærk ordrebog

Ud over tallene følger vi med i fremdriften af opstarten af Pyhäntä-fabrikken, da selskabet stiler mod at nå investeringens produktionsmål i løbet af Q4.

LapWall
Analyst Comment13.10.2026, 10.01 by
Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

RT's economic review reinforced the picture of a mixed market

ConstiKreate GroupGRK InfraYITSRV GroupEcoUpHonkarakenneTekovaLapWallToivo Group

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LapWall omfattende analyse: Pengestrømsmaskinen kører i et accelererende tempo
Extensive research05.10.2026, 08.16 by
Tommi Saarinen

LapWall omfattende analyse: Pengestrømsmaskinen kører i et accelererende tempo

Pyhännäs store investering er i praksis færdig, og fokus skifter til salg og opstart af den nye kapacitet. Datacenterbyggeri opvejer modvinden inden for boligbyggeri.

LapWall
Landsretten omgjorde LapWalls betalingsforpligtelse på knap 2 MEUR
Analyst Comment02.10.2026, 08.28 by
Tommi Saarinen

Landsretten omgjorde LapWalls betalingsforpligtelse på knap 2 MEUR

Landsretsafgørelsen var gunstig for LapWall.

LapWall
Analyst Comment28.09.2026, 06.50 by
Tommi Saarinen

Efterfølgeren til LapWalls CFO blev udnævnt med det samme

Baseret på den hurtige udnævnelse vælger vi at tolke udskiftningen som værende planlagt af selskabet.

LapWall
LapWall tager afsked med sin langvarige finansdirektør
Analyst Comment25.09.2026, 06.30 by
Tommi Saarinen

LapWall tager afsked med sin langvarige finansdirektør

Udskiftningen af finansdirektøren kom som en overraskelse for os.

LapWall
Analyst Comment03.09.2026, 09.15 by
Atte Jortikka, Tommi Saarinen, Christoffer Jennel

Case: Data centers jump-starting construction

We estimate that data center construction is partly filling the gap left in the construction market by the decline in residential construction in recent years.

Kreate GroupYITSRV GroupGRK InfraSitowise GroupTekovaLapWallConstiNYABEltelEnersense International
LapWall H1'26: Ordrebogen giver tro på indtjeningsvækst
Research05.08.2026, 07.50 by
Tommi Saarinen

LapWall H1'26: Ordrebogen giver tro på indtjeningsvækst

En central drivkraft for indtjeningsvæksten er turnaround i selskabets tagelementforretning, som efter vores vurdering endnu ikke var tydeligt afspejlet i H1-tallene.

LapWall
LapWall H1'26 preview: Volumenstigning løfter rentabiliteten fra en svag sammenligningsperiode
Analyst Comment28.07.2026, 07.14 by
Tommi Saarinen

LapWall H1'26 preview: Volumenstigning løfter rentabiliteten fra en svag sammenligningsperiode

Vi forventer, at leverancer og periodiserede indtægter vil være en smule mere vægtet mod andet halvår end normalt.

LapWall
LapWall vandt endnu en datacenterordre fra Kajaani
Analyst Comment22.06.2026, 06.34 by
Tommi Saarinen

LapWall vandt endnu en datacenterordre fra Kajaani

XTX Markets har meddelt, at de vil fortsætte med at investere i Kajana-regionen, og hvis dette sker, ser vi yderligere ordrer til LapWall som sandsynlige.

LapWall
LapWall Q1'26: Bedre visibilitet for indtjeningsvækst
Research22.04.2026, 07.51 by
Tommi Saarinen

LapWall Q1'26: Bedre visibilitet for indtjeningsvækst

Vores Q1'26-estimater blev overgået på alle linjer, mens den udstedte guidance var i tråd med vores forventninger.

LapWall
LapWall Q1'26 preview: I en usikker markedssituation er fokus rettet mod den potentielt offentliggjorte guidance
Analyst Comment14.04.2026, 06.30 by
Tommi Saarinen

LapWall Q1'26 preview: I en usikker markedssituation er fokus rettet mod den potentielt offentliggjorte guidance

Selskabet har meddelt, at det sigter mod at give forventninger for 2026 i forbindelse med regnskabsmeddelelsen for Q1'26.

LapWall
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
LapWall H2'25: Kapaciteten vokser, men indtjeningsvæksten lader vente på sig
Research11.02.2026, 07.46 by
Tommi Saarinen

LapWall H2'25: Kapaciteten vokser, men indtjeningsvæksten lader vente på sig

Færdiggørelsen af den store investering i Pyhäntä udskydes til 2026.

LapWall
Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)
Analyst Comment03.02.2026, 08.19 by
Tommi Saarinen

Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)

I denne analyse gennemgår vi udviklingen på det finske byggemarked i lyset af de data, som Statistikcentralen har meddelt.

LapWallEcoUp
Third party research07.02.2025, 07.13

Lapwall: Strong finish to the year - Evli

LapWall’s Q4 was slightly stronger than we expected in terms of profitability. Although the declining backlog poses a potential downside risk, the company's tender pipeline has shown quarter-over-quarter improvement throughout 2024. Additionally, management...

LapWall
Third party research06.02.2025, 13.38

Lapwall: Profitability remains strong - Evli

LapWall's fourth quarter performance was solid, despite net sales falling 13% y/y. The combination of operating leverage and the company's fixed cost discipline continued to support the profitability. Dividend proposal beat our estimates at EUR 0.18 ...

LapWall
Third party research03.02.2025, 14.10

Lapwall: A transformative year ahead - Evli

LapWall releases its Q4 result on 6th of February. As the 2024 result is already largely known, our focus lies on orders, market commentary and outlook for 2025. 2025 will be pivotal for LapWall, with new capacity investment completing in the second ...

LapWall
Third party research30.10.2024, 10.27

Lapwall: Strong progress despite the headwinds - Evli

LapWall’s Q3 was strong as the company was able to improve margins through volume growth leading to improved capacity utilization which was coupled with fixed cost reduction. With short-term uncertainty reduced, we increase our TP to EUR 4.2 while keeping...

LapWall