Nokian Tyres
8.168 EUR +2%15,301 investors are following this company
Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
P/E (24e)
15.48
EV/EBIT (adj.) (24e)
15.83
P/B (24e)
0.86
Dividend yield-% (24e)
6.73 %
Target price
10.00 EUR
Recommendation
Buy
Updated
30.4.2024
NASDAQ Helsinki
TYRES
Daily low / high price
8.052 / 8.222
EUR
Market cap
1.13B EUR
Turnover
6.26M EUR
Volume
767K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Interim report
19.07.2024
Interim report
29.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 10.1 % | 10.1 % |
Varma Mutual Pension Insurance Company | 3.1 % | 3.1 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Hienonen | 30.11.2023 | 98,020EUR |
Jouko Pölönen | 03.11.2023 | 3,919EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,313.7 | 1,714.2 | 1,776.1 | 1,173.6 | 1,395.7 | 1,543.3 | 1,714.6 | 1,851.3 |
growth-% | -17.1 % | 30.5 % | 3.6 % | -33.9 % | 18.9 % | 10.6 % | 11.1 % | 8.0 % |
EBITDA | 295.5 | 428.2 | 194.4 | 147.0 | 183.7 | 271.7 | 322.2 | 401.6 |
EBIT (adj.) | 182.9 | 324.9 | 221.2 | 65.1 | 104.4 | 148.7 | 178.9 | 222.6 |
EBIT | 119.9 | 268.2 | -116.2 | 32.1 | 63.3 | 118.7 | 158.9 | 222.6 |
Profit before taxes | 106.0 | 258.2 | -146.4 | 14.3 | 39.9 | 98.7 | 144.9 | 209.6 |
Net income | 85.9 | 206.2 | -175.5 | 12.5 | 31.7 | 77.9 | 114.4 | 165.6 |
EPS (adj.) | 1.03 | 1.84 | 1.14 | 0.33 | 0.53 | 0.74 | 0.95 | 1.20 |
growth-% | -42.6 % | 77.6 % | -37.9 % | -71.1 % | 60.1 % | 40.0 % | 28.0 % | 27.0 % |
Dividend | 1.20 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.60 | 0.78 |
Dividend ratio | 193.0 % | 36.9 % | -43.3 % | 606.1 % | 239.2 % | 97.4 % | 72.3 % | 65.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 22.5 % | 25.0 % | 10.9 % | 12.5 % | 13.2 % | 17.6 % | 18.8 % | 21.7 % |
EBIT-% (adj.) | 13.9 % | 19.0 % | 12.5 % | 5.5 % | 7.5 % | 9.6 % | 10.4 % | 12.0 % |
EBIT-% | 9.1 % | 15.6 % | -6.5 % | 2.7 % | 4.5 % | 7.7 % | 9.3 % | 12.0 % |
ROE | 5.2 % | 13.1 % | -11.5 % | 0.9 % | 2.4 % | 6.0 % | 8.6 % | 12.0 % |
ROI | 6.1 % | 13.8 % | -6.1 % | 1.7 % | 3.1 % | 5.5 % | 7.0 % | 9.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 28.82 | 33.30 | 9.58 | 8.26 | 8.17 | 8.17 | 8.17 | 8.17 |
Shares | 138.2 | 138.2 | 138.3 | 138.0 | 138.0 | 138.0 | 138.0 | 138.0 |
Market cap | 3,983.5 | 4,602.7 | 1,324.4 | 1,139.4 | 1,127.2 | 1,127.2 | 1,127.2 | 1,127.2 |
Enterprise value | 3,966.3 | 4,504.1 | 1,465.3 | 1,363.1 | 1,652.8 | 1,763.0 | 1,747.5 | 1,661.8 |
EV/S | 3.0 | 2.6 | 0.8 | 1.2 | 1.2 | 1.1 | 1.0 | 0.9 |
EV/EBITDA | 13.4 | 10.5 | 7.5 | 9.3 | 9.0 | 6.5 | 5.4 | 4.1 |
EV/EBIT (adj.) | 21.7 | 13.9 | 6.6 | 20.9 | 15.8 | 11.9 | 9.8 | 7.5 |
EV/EBIT | 33.1 | 16.8 | - | 42.4 | 26.1 | 14.9 | 11.0 | 7.5 |
P/E (adj.) | 27.9 | 18.1 | 8.4 | 25.1 | 15.5 | 11.1 | 8.6 | 6.8 |
P/E | 46.4 | 22.3 | - | 91.0 | 35.5 | 14.5 | 9.8 | 6.8 |
P/B | 2.6 | 2.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 |
P/S | 3.0 | 2.7 | 0.7 | 1.0 | 0.8 | 0.7 | 0.7 | 0.6 |
Dividend yield | 4.2 % | 1.7 % | 5.7 % | 6.7 % | 6.7 % | 6.7 % | 7.4 % | 9.6 % |
Equity ratio | 65.1 % | 68.3 % | 64.8 % | 57.9 % | 53.7 % | 50.3 % | 50.0 % | 50.4 % |
Gearing ratio | -1.1 % | -6.1 % | 9.8 % | 16.6 % | 40.3 % | 48.7 % | 46.2 % | 37.5 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 293.2 | 276.1 | 368.0 | 1,173.6 | 236.6 | 297.0 | 381.6 | 480.5 | 1,395.7 |
EBITDA | 32.1 | 37.5 | 63.4 | 147.0 | 4.2 | 36.5 | 58.7 | 84.4 | 183.7 |
EBIT | 9.4 | 8.4 | 33.1 | 32.1 | -26.2 | 6.5 | 28.7 | 54.4 | 63.3 |
Profit before taxes | 6.3 | 3.4 | 27.0 | 14.3 | -31.6 | 0.5 | 22.7 | 48.4 | 39.9 |
Net income | 0.7 | 4.3 | 26.2 | 12.5 | -25.4 | 0.4 | 18.1 | 38.7 | 31.7 |
ShowingAll content types
Decisions of the Annual General Meeting of Nokian Tyres plc
Nokian Tyres plc, Audiocast with teleconference, 2024
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