Alma Media's Q4 result, published yesterday , was slightly below our expectations. However, 2023 guidance offered no surprises. After the report, we only made moderate changes to our estimates for 2023 and the next few years. Our view is that the valuation of the share is not too demanding, although we expect the result to fall in a weaker operating environment in 2023.
Alma Media
Alma Media operates in the media sector. Within the company, the main focus is on digital media, where the offer consists of news content that concerns lifestyle, career, and finances. The group has a number of brands, the more well-known of which include Kauppalehti. The customers are located in the Nordic countries, the Baltics, and Europe and consist of private consumers. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures16.02.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 308,8 | 306,3 | 310,9 |
vækst-% | 12,12 % | -0,80 % | 1,48 % |
EBIT (adj.) | 73,4 | 67,2 | 70,3 |
EBIT-% (adj.) | 23,75 % | 21,95 % | 22,60 % |
EPS (adj.) | 0,72 | 0,62 | 0,65 |
Udbytte | 0,44 | 0,46 | 0,48 |
Udbytte % | 4,68 % | 4,89 % | 5,11 % |
P/E (adj.) | 13,08 | 15,14 | 14,53 |
EV/EBITDA | 9,47 | 10,72 | 10,14 |