Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Research

Marimekko: After digesting multiples its time to jump back on board

By Sauli VilénAnalyst
Marimekko
Download report (PDF)

The Q1 report was very strong and easily exceeded our estimates. We raised our earnings estimates and expect clear earnings growth in the coming years, even though uncertainty in the operating environment has increased. The valuation picture has improved clearly as the share price has dropped and the valuation level is neutral considering the situation. We feel the expected return consisting of clear earnings growth and a healthy dividend has become sufficiently attractive.

Marimekko

12.12EUR13.05.2022, 18.00
14EURTarget price
Accumulate
Changed from:Reduce
Recommendation updated:15.05.2022

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.

Read more on company page

Key Estimate Figures15.05.2022

202122e23e
Revenue152.2171.8189.2
growth-%23.2 %12.9 %10.1 %
EBIT (adj.)31.233.838.1
EBIT-% (adj.)20.5 %19.7 %20.1 %
EPS (adj.)0.600.640.73
Dividend0.720.420.48
Dividend %4.3 %3.1 %3.5 %
P/E (adj.)28.221.418.8
EV/EBITDA15.312.210.8
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team