Company Valuation: Nokian Renkaat Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,603 1,324 1,139 1,013 1,305 2,114 - -
Change - -71.23% -14.04% -11.04% 28.85% 62.03% - -
Enterprise Value (EV) 1 4,504 1,465 1,362 1,626 1,969 2,743 2,651 2,561
Change - -67.47% -7.05% 19.37% 21.1% 39.3% -3.37% -3.39%
P/E 22.3x -7.54x -3.5x -43.2x -86x 34.8x 20x 14x
PBR 2.83x 0.92x 0.85x 0.8x 1.12x 1.78x 1.71x 1.59x
PEG - 0x -0x 0.5x 2.4x -0x 0.3x 0.3x
Capitalization / Revenue 2.69x 0.75x 0.97x 0.79x 0.95x 1.43x 1.31x 1.21x
EV / Revenue 2.63x 0.83x 1.16x 1.26x 1.43x 1.85x 1.65x 1.46x
EV / EBITDA 10.6x 7.54x 9.27x 12.9x 11.1x 10.5x 8.2x 6.67x
EV / EBIT 16.8x -12.6x 42.4x 903x 55x 25.3x 16.1x 11.6x
EV / FCF 16.3x -10.9x -8.03x -5.96x -148x 34.2x 20.5x 13.8x
FCF Yield 6.15% -9.14% -12.5% -16.8% -0.68% 2.92% 4.87% 7.26%
Dividend per Share 2 1.32 0.55 0.55 0.25 0.25 0.3 0.3989 0.5192
Rate of return 3.96% 5.74% 6.66% 3.4% 2.64% 1.96% 2.6% 3.39%
EPS 2 1.49 -1.27 -2.36 -0.17 -0.11 0.4405 0.765 1.093
Distribution rate 88.6% -43.3% -23.3% -147% -227% 68.1% 52.1% 47.5%
Net sales 1 1,714 1,776 1,174 1,290 1,374 1,480 1,610 1,752
EBITDA 1 425.7 194.4 147 126 178 260.5 323.2 383.8
EBIT 1 268.2 -116.2 32.1 1.8 35.8 108.3 164.6 220
Net income 1 206.2 -175.5 -325.5 -22.8 -15 56.72 102.7 148.3
Net Debt 1 -98.7 140.9 223.6 613.1 664 628.4 536.1 446.2
Reference price 2 33.30 9.58 8.26 7.35 9.46 15.33 15.33 15.33
Nbr of stocks (in thousands) 138,224 138,251 137,867 137,870 137,875 137,928 - -
Announcement Date 08/02/22 07/02/23 06/02/24 04/02/25 10/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.93x1.13x5.94x3.01% 33.05B
14.03x1.02x5.46x3.9% 27.07B
9.68x1.26x6.12x3.1% 7.62B
10.16x1.02x5.99x2.8% 6.35B
9.52x - - 3.2% 6.25B
18.07x - - 3.1% 4.95B
10.78x0.71x5.41x4.05% 4B
8.4x0.86x4.03x3.74% 3.64B
129.84x - - - 2.53B
Average 25.05x 1.00x 5.49x 3.36% 10.61B
Weighted average by Cap. 16.37x 1.07x 5.69x 3.35%

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

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