Financials Musti Group Oyj

Equities

MUSTI

FI4000410758

Other Specialty Retailers

Delayed Nasdaq Helsinki 16:29:44 30/04/2024 BST 5-day change 1st Jan Change
25 EUR -0.79% Intraday chart for Musti Group Oyj +3.09% -4.29%

Valuation

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 697.5 1,029 593.3 601 834.7 - -
Enterprise Value (EV) 1 792.2 1,142 736.7 740.2 964.1 955.8 931.7
P/E ratio 56.2 x 49.8 x 26.6 x 22.8 x 26.9 x 20.2 x 17 x
Yield - 1.42% 2.81% 3.33% 2.74% 3.24% 3.6%
Capitalization / Revenue 2.45 x 3.02 x 1.52 x 1.41 x 1.79 x 1.64 x 1.53 x
EV / Revenue 2.79 x 3.35 x 1.88 x 1.74 x 2.07 x 1.88 x 1.71 x
EV / EBITDA 18.1 x 19.4 x 11 x 10.1 x 11.4 x 9.6 x 8.25 x
EV / FCF 23.7 x 27.1 x 55.9 x 10.9 x 17.4 x 13 x 11 x
FCF Yield 4.22% 3.68% 1.79% 9.14% 5.75% 7.68% 9.1%
Price to Book 4.56 x 6.61 x 3.73 x 3.66 x 4.78 x 4.32 x 3.86 x
Nbr of stocks (in thousands) 33,535 33,291 33,291 33,388 33,388 - -
Reference price 2 20.80 30.90 17.82 18.00 25.00 25.00 25.00
Announcement Date 12/11/20 16/11/21 08/11/22 09/11/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 246.6 284.4 340.9 391.1 425.7 466.3 509.2 543.9
EBITDA 1 - 43.8 58.8 66.9 73.6 84.74 99.61 113
EBIT 1 16.3 19.6 28.4 30.9 37.8 45.94 57.36 67.2
Operating Margin 6.61% 6.89% 8.33% 7.9% 8.88% 9.85% 11.26% 12.36%
Earnings before Tax (EBT) 1 - 13.66 26.88 28.44 33.72 39.74 52.66 62.8
Net income 1 - 11.8 20.9 22.3 26.45 31.28 41.46 49.3
Net margin - 4.15% 6.13% 5.7% 6.21% 6.71% 8.14% 9.06%
EPS 2 - 0.3700 0.6200 0.6700 0.7900 0.9300 1.240 1.470
Free Cash Flow 1 - 33.4 42.07 13.18 67.69 55.4 73.4 84.8
FCF margin - 11.74% 12.34% 3.37% 15.9% 11.88% 14.41% 15.59%
FCF Conversion (EBITDA) - 76.25% 71.55% 19.71% 91.97% 65.38% 73.69% 75.04%
FCF Conversion (Net income) - 283.02% 201.3% 59.12% 255.92% 177.08% 177.06% 172.01%
Dividend per Share 2 - - 0.4400 0.5000 0.6000 0.6850 0.8100 0.9000
Announcement Date 15/10/19 12/11/20 16/11/21 08/11/22 09/11/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 91.5 101.3 92.4 95.5 101.8 110.4 101.7 103.3 110.4 - 115.7 107.2 114.6 121.9
EBITDA 1 17.2 19.8 14 15.6 17.6 19.1 16.64 17.3 20.6 - 20.5 15 20.4 24.3
EBIT 1 8.6 10.2 5.4 6.7 8.5 10.1 7.07 9.9 10.66 - 9.41 -5.19 10.9 14.2
Operating Margin 9.4% 10.07% 5.84% 7.02% 8.35% 9.15% 6.95% 9.58% 9.66% - 8.14% -4.84% 9.51% 11.65%
Earnings before Tax (EBT) 1 7.606 9.005 4.591 6.225 8.619 9 6.342 9.469 8.886 - 7.433 -5.858 9.8 13
Net income 1 5.2 6.8 3.8 4.425 7.3 7 4.766 7.249 7.377 - 5.836 -4.854 7.68 10.2
Net margin 5.68% 6.71% 4.11% 4.63% 7.17% 6.34% 4.69% 7.02% 6.68% - 5.05% -4.53% 6.7% 8.37%
EPS 2 0.1600 0.2000 0.1100 0.1300 0.2200 0.2100 0.1400 0.2200 0.2200 0.4400 0.1700 -0.1500 0.2300 0.3000
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 16/11/21 08/02/22 10/05/22 09/08/22 08/11/22 31/01/23 04/05/23 10/08/23 09/11/23 09/11/23 31/01/24 30/04/24 - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 94.7 113 143 139 129 121 97
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 2.161 x 1.927 x 2.143 x 1.892 x 1.527 x 1.216 x 0.8584 x
Free Cash Flow 1 - 33.4 42.1 13.2 67.7 55.4 73.4 84.8
ROE (net income / shareholders' equity) - 9.32% 13.5% 14.1% 16.3% 18.9% 22.4% 23.9%
ROA (Net income/ Total Assets) - 3.96% 6.42% 6.3% 6.91% - - -
Assets 1 - 298.1 325.4 354.1 382.9 - - -
Book Value Per Share 2 - 4.570 4.680 4.780 4.920 5.230 5.790 6.480
Cash Flow per Share 2 - 1.330 1.630 1.370 2.370 2.100 2.600 3.000
Capex 1 - 8.91 12.9 14.2 11.9 14.4 15.2 16.9
Capex / Sales - 3.13% 3.78% 3.63% 2.79% 3.08% 2.99% 3.11%
Announcement Date 15/10/19 12/11/20 16/11/21 08/11/22 09/11/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
25 EUR
Average target price
24 EUR
Spread / Average Target
-4.00%
Consensus
  1. Stock Market
  2. Equities
  3. MUSTI Stock
  4. Financials Musti Group Oyj