Marimekko
12.96 EUR +2.53%10,378 investors are following this company
Marimekko is a textile and clothing company. The range includes clothes, bags, accessories, and household items that touch on everything from furniture fabrics to porcelain. The products are sold via physical stores under the company's brand worldwide, mainly in Europe, North America and Asia. Marimekko was originally founded in 1951 and is headquartered in Helsinki.
P/E (24e)
20.58
EV/EBIT (adj.) (24e)
15.45
P/B (24e)
6.9
Dividend yield-% (24e)
3.47 %
Target price
12.50 EUR
Recommendation
Accumulate
Updated
25.3.2024
NASDAQ Helsinki
MEKKO
Daily low / high price
12.68 / 13.08
EUR
Market cap
526.81M EUR
Turnover
218.53K EUR
Volume
17K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Analyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Interim report
15.05.2024
Interim report
15.08.2024
Interim report
06.11.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
PowerBank Ventures Ltd (Mika Ihamuotila) | 12.5 % | 12.5 % |
Varma Mutual Pension Insurance Company | 4.8 % | 4.8 % |
Premium
This content is for our Premium customers only.
Insider Transactions
Insider | Date | Total value |
---|---|---|
Kari Härkönen | 17.02.2022 | 37,186EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 123.6 | 152.2 | 166.5 | 174.1 | 180.4 | 194.1 | 207.9 | 222.0 |
growth-% | -1.5 % | 23.2 % | 9.4 % | 4.6 % | 3.6 % | 7.6 % | 7.1 % | 6.8 % |
EBITDA | 31.9 | 43.1 | 39.9 | 40.6 | 42.2 | 46.6 | 50.3 | 53.9 |
EBIT (adj.) | 20.2 | 31.2 | 30.4 | 32.0 | 33.0 | 37.2 | 40.9 | 44.3 |
EBIT | 19.3 | 31.2 | 30.2 | 31.4 | 33.0 | 37.2 | 40.9 | 44.3 |
Profit before taxes | 17.6 | 30.7 | 29.2 | 29.7 | 32.0 | 36.2 | 39.9 | 43.8 |
Net income | 13.8 | 24.4 | 22.8 | 23.6 | 25.6 | 28.8 | 31.7 | 34.8 |
EPS (adj.) | 0.36 | 0.60 | 0.56 | 0.60 | 0.63 | 0.71 | 0.78 | 0.86 |
growth-% | 12.0 % | 66.8 % | -5.7 % | 5.6 % | 5.6 % | 12.5 % | 10.0 % | 9.8 % |
Dividend | 0.20 | 0.72 | 0.34 | 0.37 | 0.45 | 0.60 | 0.66 | 0.73 |
Dividend ratio | 59.0 % | 120.2 % | 60.6 % | 63.6 % | 71.5 % | 84.7 % | 85.0 % | 85.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 25.8 % | 28.3 % | 24.0 % | 23.3 % | 23.4 % | 24.0 % | 24.2 % | 24.3 % |
EBIT-% (adj.) | 16.3 % | 20.5 % | 18.2 % | 18.4 % | 18.3 % | 19.2 % | 19.7 % | 20.0 % |
EBIT-% | 15.7 % | 20.5 % | 18.2 % | 18.0 % | 18.3 % | 19.2 % | 19.7 % | 20.0 % |
ROE | 30.2 % | 39.8 % | 36.4 % | 39.0 % | 36.0 % | 35.3 % | 35.0 % | 35.5 % |
ROI | 23.4 % | 32.5 % | 31.5 % | 33.4 % | 33.3 % | 35.6 % | 36.0 % | 36.6 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 9.11 | 16.94 | 8.76 | 13.31 | 12.96 | 12.96 | 12.96 | 12.96 |
Shares | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 |
Market cap | 370.1 | 688.6 | 356.1 | 541.0 | 526.8 | 526.8 | 526.8 | 526.8 |
Enterprise value | 367.0 | 661.1 | 357.4 | 536.9 | 509.8 | 501.7 | 496.9 | 491.7 |
EV/S | 3.0 | 4.3 | 2.1 | 3.1 | 2.8 | 2.6 | 2.4 | 2.2 |
EV/EBITDA | 11.5 | 15.3 | 9.0 | 13.2 | 12.1 | 10.8 | 9.9 | 9.1 |
EV/EBIT (adj.) | 18.2 | 21.2 | 11.8 | 16.8 | 15.4 | 13.5 | 12.2 | 11.1 |
EV/EBIT | 19.0 | 21.2 | 11.8 | 17.1 | 15.4 | 13.5 | 12.2 | 11.1 |
P/E (adj.) | 25.4 | 28.3 | 15.5 | 22.3 | 20.6 | 18.3 | 16.6 | 15.1 |
P/E | 26.9 | 28.3 | 15.6 | 22.9 | 20.6 | 18.3 | 16.6 | 15.1 |
P/B | 7.1 | 9.8 | 6.4 | 8.2 | 6.9 | 6.1 | 5.6 | 5.2 |
P/S | 3.0 | 4.5 | 2.1 | 3.1 | 2.9 | 2.7 | 2.5 | 2.4 |
Dividend yield | 2.2 % | 4.3 % | 3.9 % | 2.8 % | 3.5 % | 4.6 % | 5.1 % | 5.6 % |
Equity ratio | 45.7 % | 52.7 % | 48.3 % | 53.3 % | 60.4 % | 62.5 % | 63.5 % | 64.4 % |
Gearing ratio | -6.1 % | -39.2 % | 2.3 % | -6.2 % | -22.3 % | -29.0 % | -31.8 % | -34.4 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 35.3 | 40.4 | 47.9 | 50.6 | 174.1 | 35.7 | 43.5 | 47.8 | 53.4 |
EBITDA | 6.1 | 8.8 | 15.2 | 10.5 | 40.6 | 5.2 | 10.0 | 14.5 | 12.5 |
EBIT | 3.8 | 6.6 | 12.9 | 8.1 | 31.4 | 2.9 | 7.7 | 12.2 | 10.2 |
Profit before taxes | 3.0 | 6.0 | 12.9 | 7.9 | 29.7 | 2.7 | 7.5 | 12.0 | 10.0 |
Net income | 2.5 | 4.7 | 10.3 | 6.2 | 23.6 | 2.1 | 6.0 | 9.6 | 8.0 |
ShowingAll content types
Resolutions of Marimekko Corporation’s Annual General Meeting and the Board of Directors’ constitutive meeting
Marimekko’s annual report for 2023 is published
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