Company Valuation: Aspo Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.1 257.1 187.8 152.4 204.2 226.3 - -
Change - -27.59% -26.97% -18.86% 33.98% 10.83% - -
Enterprise Value (EV) 1 522.5 412.8 353 340.4 417 362.3 397.5 375.2
Change - -20.99% -14.49% -3.57% 22.5% -13.1% 9.71% -5.61%
P/E 14.9x 13.4x 135x 34.6x 9.06x 6.8x 11.3x 9.45x
PBR 2.74x 1.79x 1.34x 0.95x 1.42x 1.35x 1.31x 1.22x
PEG - -0.7x -1.5x 0x 0x 0.1x -0.3x 0.5x
Capitalization / Revenue 0.61x 0.4x 0.35x 0.26x 0.44x 0.46x 0.45x 0.44x
EV / Revenue 0.89x 0.64x 0.66x 0.57x 0.89x 0.74x 0.8x 0.72x
EV / EBITDA 6.79x 4.49x 5.88x 5.01x 6.69x 5.93x 5.85x 5.19x
EV / EBIT 12.3x 7.47x 13.3x 11.7x 12.7x 10.5x 10.9x 9.17x
EV / FCF 19x 12x 12.9x -9.43x 28.6x 18.3x 41.1x 13.3x
FCF Yield 5.26% 8.33% 7.73% -10.6% 3.5% 5.46% 2.43% 7.52%
Dividend per Share 2 0.23 0.46 0.47 0.19 0.25 0.265 0.3167 0.3567
Rate of return 2.02% 5.61% 7.86% 3.92% 3.83% 3.64% 4.35% 4.9%
EPS 2 0.76 0.61 0.0444 0.14 0.72 1.07 0.6467 0.77
Distribution rate 30.3% 75.4% 1,059% 136% 34.7% 24.8% 49% 46.3%
Net sales 1 586.4 643.4 536.4 592.6 469.1 491.1 498.8 520.1
EBITDA 1 76.9 91.9 60 68 62.3 61.13 67.97 72.33
EBIT 1 42.4 55.3 26.5 29.1 32.8 34.43 36.47 40.9
Net income 1 25.3 20.7 1.6 7.3 23.5 33.65 20.37 25.43
Net Debt 1 167.4 155.7 165.2 188 212.8 136 171.2 149
Reference price 2 11.360 8.200 5.980 4.850 6.520 7.280 7.280 7.280
Nbr of stocks (in thousands) 31,258 31,358 31,404 31,418 31,312 31,339 - -
Announcement Date 16/02/22 15/02/23 16/02/24 17/02/25 16/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.8x0.74x5.96x3.64% 264M
6.12x1.17x3.33x7.31% 16.26B
10.97x1.76x5.94x7.02% 7.42B
46.75x18.01x24.9x1.91% 5.34B
10.51x - - - 4.76B
9.53x2.74x7.85x9.16% 3.49B
7.2x3.45x5.53x12.23% 3.47B
5.19x0.79x2.33x7.39% 3.26B
5x2.52x3.38x - 2.75B
Average 12.01x 3.90x 7.40x 6.95% 5.22B
Weighted average by Cap. 12.16x 3.78x 7.01x 7.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield