Relais Group
11.65 EUR -2.51%3,543 investors are following this company
Relais Group is an importer and wholesaler for the automotive industry. The Group focuses mainly on the development of vehicle electronic equipment for trucks. Examples of products that the company delivers include lighting products, applications for warning lights, lighting and camera systems, as well as other spare parts for heavy vehicles. The largest operations are in the Nordic and Baltic markets, with customers in the aftermarket industry.
P/E (24e)
11.23
EV/EBIT (adj.) (24e)
11.32
P/B (24e)
1.8
Dividend yield-% (24e)
3.86 %
Target price
15.00 EUR
Recommendation
Buy
Updated
7.3.2024
NASDAQ Helsinki
RELAIS
Daily low / high price
11.65 / 12.15
EUR
Market cap
211.24M EUR
Turnover
14.53K EUR
Volume
1.2K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Extensive report
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Read the reportAnalyst
Petri Gostowski
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Tommi Saarinen
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Latest videos
Financial calendar
Interim report
08.05.2024
Interim report
15.08.2024
Half year dividend
01.11.2024
Interim report
07.11.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Ari Salmivouri | 29.6 % | 29.6 % |
Nordic Industry Development AB | 16.6 % | 16.6 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jesper Otterbeck | 06.10.2022 | 45,919EUR |
Jesper Otterbeck | 05.09.2022 | 44,040EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 128.9 | 237.8 | 260.7 | 284.3 | 305.8 | 315.0 | 324.4 | 334.1 |
growth-% | 30.3 % | 84.5 % | 9.6 % | 9.0 % | 7.6 % | 3.0 % | 3.0 % | 3.0 % |
EBITDA | 19.1 | 36.0 | 36.6 | 43.5 | 46.8 | 48.3 | 50.4 | 52.6 |
EBIT (adj.) | 18.7 | 25.7 | 23.0 | 28.6 | 31.0 | 32.8 | 34.4 | 36.5 |
EBIT | 11.1 | 23.0 | 19.7 | 25.1 | 27.4 | 28.9 | 30.9 | 33.1 |
Profit before taxes | 10.4 | 18.5 | 13.1 | 17.7 | 19.1 | 21.7 | 24.8 | 27.5 |
Net income | 6.9 | 14.4 | 10.0 | 13.7 | 15.3 | 16.9 | 19.3 | 21.4 |
EPS (adj.) | 0.84 | 0.95 | 0.80 | 0.95 | 1.04 | 1.14 | 1.24 | 1.35 |
growth-% | 297.7 % | 13.7 % | -15.6 % | 17.9 % | 9.8 % | 9.4 % | 9.5 % | 8.5 % |
Dividend | 0.30 | 0.36 | 0.40 | 0.44 | 0.45 | 0.46 | 0.48 | 0.50 |
Dividend ratio | 75.3 % | 44.9 % | 72.3 % | 58.1 % | 53.6 % | 49.7 % | 45.6 % | 43.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 14.8 % | 15.1 % | 14.0 % | 15.3 % | 15.3 % | 15.3 % | 15.5 % | 15.7 % |
EBIT-% (adj.) | 14.5 % | 10.8 % | 8.8 % | 10.0 % | 10.1 % | 10.4 % | 10.6 % | 10.9 % |
EBIT-% | 8.6 % | 9.7 % | 7.5 % | 8.8 % | 9.0 % | 9.2 % | 9.5 % | 9.9 % |
ROE | 10.2 % | 16.3 % | 9.6 % | 12.8 % | 13.4 % | 13.8 % | 14.6 % | 14.9 % |
ROI | 8.4 % | 11.6 % | 7.5 % | 9.4 % | 10.2 % | 10.8 % | 11.5 % | 12.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 14.70 | 26.30 | 10.20 | 13.50 | 11.65 | 11.65 | 11.65 | 11.65 |
Shares | 17.4 | 17.9 | 18.1 | 18.1 | 18.2 | 18.3 | 18.4 | 18.4 |
Market cap | 255.9 | 471.9 | 184.9 | 244.8 | 212.1 | 212.9 | 213.8 | 214.7 |
Enterprise value | 284.2 | 616.7 | 332.2 | 395.8 | 351.3 | 344.4 | 333.8 | 322.1 |
EV/S | 2.2 | 2.6 | 1.3 | 1.4 | 1.1 | 1.1 | 1.0 | 1.0 |
EV/EBITDA | 14.9 | 17.1 | 9.1 | 9.1 | 7.5 | 7.1 | 6.6 | 6.1 |
EV/EBIT (adj.) | 15.2 | 24.0 | 14.4 | 13.9 | 11.3 | 10.5 | 9.7 | 8.8 |
EV/EBIT | 25.6 | 26.8 | 16.9 | 15.7 | 12.8 | 11.9 | 10.8 | 9.7 |
P/E (adj.) | 17.6 | 27.7 | 12.7 | 14.3 | 11.2 | 10.3 | 9.4 | 8.6 |
P/E | 36.9 | 32.8 | 18.4 | 17.8 | 13.9 | 12.6 | 11.1 | 10.0 |
P/B | 3.6 | 4.5 | 1.8 | 2.2 | 1.8 | 1.7 | 1.6 | 1.4 |
P/S | 2.0 | 2.0 | 0.7 | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 |
Dividend yield | 2.0 % | 1.4 % | 3.9 % | 3.3 % | 3.9 % | 4.0 % | 4.1 % | 4.3 % |
Equity ratio | 46.7 % | 33.2 % | 33.2 % | 33.6 % | 36.3 % | 38.9 % | 42.1 % | 45.7 % |
Gearing ratio | 39.2 % | 138.7 % | 141.7 % | 136.5 % | 118.0 % | 103.8 % | 87.2 % | 71.5 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 69.0 | 64.1 | 70.3 | 80.9 | 284.3 | 76.2 | 70.2 | 74.3 | 85.1 |
EBITDA | 11.1 | 8.6 | 12.1 | 11.8 | 43.5 | 11.6 | 8.9 | 13.1 | 13.2 |
EBIT | 6.6 | 4.0 | 7.5 | 7.0 | 25.1 | 6.7 | 4.1 | 8.2 | 8.4 |
Profit before taxes | 4.5 | 1.2 | 6.0 | 6.0 | 17.7 | 4.6 | 2.0 | 6.2 | 6.4 |
Net income | 2.9 | 0.2 | 4.3 | 6.3 | 13.7 | 3.7 | 1.6 | 4.9 | 5.1 |
ShowingAll content types
Relais Group Oyj: Relais Group Plc: Juri Viitaniemi appointed Director Compliance, Legal and HR and member of the Group Management Team
Relais Group Oyj: Relais Group company Raskone acquires Asennustyö M Ahlqvist Oy
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