Purmo Group
9.78 EUR -0.2%1,613 investors are following this company
Purmo Group develops solutions for indoor climate. The company provides heating and cooling solutions for residential buildings and premises, including radiators, towel warmers, underfloor heating, convectors, valves, and controls. The business is divided into a number of business areas and the solutions are used in industry and the real estate industry. Customers are found on a global level with the largest concentration in Europe. The products are aimed at corporate and private customers.
P/E (24e)
11.16
EV/EBIT (adj.) (24e)
9.02
P/B (24e)
0.94
Dividend yield-% (24e)
3.57 %
Target price
9.91 EUR
Recommendation
Reduce
Updated
28.4.2024
NASDAQ Helsinki
PURMO
Daily low / high price
9.76 / 9.8
EUR
Market cap
417.39M EUR
Turnover
498.73K EUR
Volume
51K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Interim report
17.07.2024
Quarterly dividend
18.07.2024
Quarterly dividend
17.10.2024
Interim report
22.10.2024
Quarterly dividend
16.01.2025
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Rettig Oy Ab | 61.8 % | 61.8 % |
Virala Oy Ab | 15.2 % | 15.2 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Erik Hedin | 13.02.2024 | 13,876EUR |
Erik Hedin | 07.08.2023 | 13,925EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 671.2 | 843.6 | 904.1 | 743.2 | 720.0 | 743.0 | 763.8 | 785.5 |
growth-% | -3.7 % | 25.7 % | 7.2 % | -17.8 % | -3.1 % | 3.2 % | 2.8 % | 2.8 % |
EBITDA | 71.9 | 33.6 | 78.4 | 46.6 | 85.8 | 93.6 | 104.9 | 106.2 |
EBIT (adj.) | 55.2 | 73.7 | 60.7 | 55.4 | 71.8 | 74.6 | 75.2 | 76.0 |
EBIT | 42.0 | 3.5 | 39.0 | 9.7 | 57.4 | 64.6 | 75.2 | 76.0 |
Profit before taxes | 31.9 | -5.1 | 21.6 | -9.6 | 36.9 | 48.6 | 58.7 | 60.4 |
Net income | 24.9 | -18.8 | 13.2 | -13.2 | 23.0 | 32.6 | 44.4 | 46.5 |
EPS (adj.) | 0.94 | 1.78 | 0.85 | 0.68 | 0.88 | 1.00 | 1.04 | 1.09 |
growth-% | 52.7 % | 90.8 % | -52.5 % | -19.5 % | 28.4 % | 14.0 % | 4.4 % | 4.7 % |
Dividend | 0.00 | 0.36 | 0.35 | 0.35 | 0.35 | 0.37 | 0.40 | 0.44 |
Dividend ratio | -77.8 % | 112.9 % | -112.9 % | 64.9 % | 48.3 % | 38.4 % | 40.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 10.7 % | 4.0 % | 8.7 % | 6.3 % | 11.9 % | 12.6 % | 13.7 % | 13.5 % |
EBIT-% (adj.) | 8.2 % | 8.7 % | 6.7 % | 7.5 % | 10.0 % | 10.0 % | 9.8 % | 9.7 % |
EBIT-% | 6.3 % | 0.4 % | 4.3 % | 1.3 % | 8.0 % | 8.7 % | 9.8 % | 9.7 % |
ROE | 4.8 % | -4.2 % | 3.3 % | -3.1 % | 5.2 % | 7.2 % | 9.9 % | 10.4 % |
ROI | 6.2 % | 0.5 % | 5.1 % | 1.3 % | 7.7 % | 8.7 % | 10.4 % | 10.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 14.20 | 8.22 | 6.70 | 9.78 | 9.78 | 9.78 | 9.78 | |
Shares | 40.7 | 40.7 | 42.7 | 42.7 | 42.7 | 42.7 | 42.6 | 42.6 |
Market cap | 577.5 | 350.7 | 285.8 | 417.2 | 417.2 | 416.6 | 416.6 | |
Enterprise value | 816.9 | 627.5 | 560.7 | 647.9 | 635.2 | 610.6 | 585.5 | |
EV/S | - | 1.0 | 0.7 | 0.8 | 0.9 | 0.9 | 0.8 | 0.7 |
EV/EBITDA | - | 24.3 | 8.0 | 12.0 | 7.6 | 6.8 | 5.8 | 5.5 |
EV/EBIT (adj.) | - | 11.1 | 10.3 | 10.1 | 9.0 | 8.5 | 8.1 | 7.7 |
EV/EBIT | - | 236.1 | 16.1 | 57.8 | 11.3 | 9.8 | 8.1 | 7.7 |
P/E (adj.) | - | 8.0 | 9.7 | 9.8 | 11.2 | 9.8 | 9.4 | 9.0 |
P/E | - | - | 25.7 | - | 18.2 | 12.8 | 9.4 | 9.0 |
P/B | - | 1.5 | 0.9 | 0.7 | 0.9 | 0.9 | 1.0 | 0.9 |
P/S | - | 0.7 | 0.4 | 0.4 | 0.6 | 0.6 | 0.5 | 0.5 |
Dividend yield | 2.5 % | 4.3 % | 5.2 % | 3.6 % | 3.8 % | 4.1 % | 4.5 % | |
Equity ratio | 61.9 % | 37.3 % | 41.0 % | 43.7 % | 46.0 % | 46.7 % | 46.2 % | 47.6 % |
Gearing ratio | 14.5 % | 61.3 % | 68.6 % | 49.5 % | 38.4 % | 34.2 % | 45.0 % | 36.7 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 180.4 | 176.1 | 175.0 | 743.2 | 188.0 | 176.0 | 174.0 | 182.0 | 720.0 |
EBITDA | 16.9 | 17.3 | -10.7 | 46.6 | 25.3 | 18.5 | 19.5 | 22.5 | 85.8 |
EBIT | 8.9 | 11.2 | -25.5 | 9.7 | 17.9 | 11.5 | 12.5 | 15.5 | 57.4 |
Profit before taxes | 4.1 | 7.2 | -30.4 | -9.6 | 12.4 | 6.5 | 7.5 | 10.5 | 36.9 |
Net income | 1.9 | 4.5 | -26.1 | -13.2 | 8.2 | 3.7 | 4.4 | 6.7 | 23.0 |
ShowingAll content types
Inside information: Project Grand Bidco (UK) Limited announces a voluntary recommended public cash tender offer for all the shares in Purmo Group Plc
Purmo Group: Continued margin growth in a weak market
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