Lindex Group
3.135 EUR +2.45%6,616 investors are following this company
Lindex Group operates in the retail industry. The Group manages a number of stores around larger shopping centers and commercial premises located in the Nordic market. The Group is a reseller of several brands and the range consists of shoes and associated accessories. The company is headquartered in Helsinki.
P/E (24e)
15.51
EV/EBIT (adj.) (24e)
13.76
P/B (24e)
1.21
Dividend yield-% (24e)
-
Target price
3.50 EUR
Recommendation
Accumulate
Updated
29.4.2024
NASDAQ Helsinki
LINDEX
Daily low / high price
3.07 / 3.135
EUR
Market cap
498.54M EUR
Turnover
130.17K EUR
Volume
42K
Business risk
Valuation risk
Current
Previous
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Rauli Juva
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Interim report
19.07.2024
Interim report
25.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Nordic Retail Partners Jv Ky | 15.1 % | 15.1 % |
Varma Mutual Pension Insurance Company | 8.3 % | 8.3 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Susanne Järkbratt Ehnbåge | 31.10.2023 | 21,944EUR |
Björkman Stefan | 27.03.2023 | 2,013,046EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 790.7 | 899.0 | 981.7 | 951.7 | 971.8 | 992.0 | 992.8 | 994.8 |
growth-% | 19,767,400.0 % | 13.7 % | 9.2 % | -3.1 % | 2.1 % | 2.1 % | 0.1 % | 0.2 % |
EBITDA | -252.4 | 185.0 | 258.1 | 176.7 | 175.4 | 195.7 | 198.6 | 201.0 |
EBIT (adj.) | 4.9 | 68.3 | 79.8 | 80.1 | 76.1 | 77.0 | 80.6 | 84.2 |
EBIT | -252.4 | 82.1 | 154.9 | 76.5 | 75.0 | 77.0 | 80.6 | 84.2 |
Profit before taxes | -294.0 | 65.2 | 129.2 | 46.6 | 44.5 | 45.8 | 50.1 | 54.5 |
Net income | -291.6 | 47.9 | 101.7 | 51.7 | 31.5 | 36.1 | 39.6 | 43.0 |
EPS (adj.) | -0.48 | 0.32 | 0.32 | 0.16 | 0.20 | 0.22 | 0.24 | 0.26 |
growth-% | 0.4 % | -50.5 % | 25.8 % | 9.2 % | 9.5 % | 8.7 % | ||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.12 | 0.13 |
Dividend ratio | 40.8 % | 49.6 % | 49.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -31.9 % | 20.6 % | 26.3 % | 18.6 % | 18.0 % | 19.7 % | 20.0 % | 20.2 % |
EBIT-% (adj.) | 0.6 % | 7.6 % | 8.1 % | 8.4 % | 7.8 % | 7.8 % | 8.1 % | 8.5 % |
EBIT-% | -31.9 % | 9.1 % | 15.8 % | 8.0 % | 7.7 % | 7.8 % | 8.1 % | 8.5 % |
ROE | -57.9 % | 20.2 % | 33.7 % | 14.2 % | 7.7 % | 8.2 % | 8.4 % | 8.7 % |
ROI | -22.0 % | 7.6 % | 15.3 % | 7.6 % | 7.1 % | 7.2 % | 7.3 % | 7.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 1.16 | 2.16 | 1.97 | 2.90 | 3.14 | 3.14 | 3.14 | 3.14 |
Shares | 72.0 | 154.4 | 155.9 | 158.7 | 163.7 | 163.7 | 163.7 | 163.7 |
Market cap | 83.8 | 333.5 | 307.4 | 460.2 | 513.2 | 513.2 | 513.2 | 513.2 |
Enterprise value | 808.3 | 920.2 | 761.8 | 981.8 | 1,046.9 | 1,010.5 | 982.7 | 957.6 |
EV/S | 1.0 | 1.0 | 0.8 | 1.0 | 1.1 | 1.0 | 1.0 | 1.0 |
EV/EBITDA | - | 5.0 | 3.0 | 5.6 | 6.0 | 5.2 | 4.9 | 4.8 |
EV/EBIT (adj.) | 165.0 | 13.5 | 9.5 | 12.3 | 13.8 | 13.1 | 12.2 | 11.4 |
EV/EBIT | - | 11.2 | 4.9 | 12.8 | 14.0 | 13.1 | 12.2 | 11.4 |
P/E (adj.) | - | 6.7 | 6.1 | 18.0 | 15.5 | 14.2 | 13.0 | 11.9 |
P/E | - | 5.1 | 3.0 | 9.0 | 16.1 | 14.2 | 13.0 | 11.9 |
P/B | 0.4 | 1.2 | 0.9 | 1.2 | 1.2 | 1.1 | 1.1 | 1.0 |
P/S | 0.1 | 0.4 | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
Dividend yield | 2.9 % | 3.8 % | 4.2 % | |||||
Equity ratio | 14.5 % | 18.9 % | 26.3 % | 30.0 % | 32.6 % | 34.5 % | 35.7 % | 36.7 % |
Gearing ratio | 351.5 % | 218.8 % | 135.4 % | 132.7 % | 125.7 % | 107.9 % | 96.7 % | 87.3 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 252.0 | 226.9 | 274.3 | 951.7 | 192.8 | 262.0 | 235.0 | 282.0 | 971.8 |
EBITDA | 55.3 | 45.2 | 53.5 | 176.7 | 17.8 | 56.2 | 46.2 | 55.2 | 175.4 |
EBIT | 30.2 | 20.3 | 28.9 | 76.5 | -7.6 | 31.2 | 21.2 | 30.2 | 75.0 |
Profit before taxes | 23.2 | 13.6 | 20.0 | 46.6 | -14.1 | 23.2 | 13.2 | 22.2 | 44.5 |
Net income | 13.8 | 8.6 | 9.7 | 51.7 | -15.4 | 18.6 | 10.6 | 17.8 | 31.5 |
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Lindex Group Oyj, Q1, 2024
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