Financials Titanium Oyj

Equities

TITAN

FI4000270350

Investment Management & Fund Operators

Market Closed - Nasdaq Helsinki 16:15:25 03/05/2024 BST 5-day change 1st Jan Change
10.3 EUR +1.48% Intraday chart for Titanium Oyj -1.44% -40.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 96.08 131.6 153.1 159.5 177.1 106.1 - -
Enterprise Value (EV) 1 84.04 117.6 132.9 159.5 177.1 91.3 91.2 106.1
P/E ratio 18.4 x 17.5 x 16.5 x 13.8 x 18.3 x 11.7 x 10.8 x 10.1 x
Yield 6.06% 4.94% 4.93% - - 8.83% 9.32% 10.3%
Capitalization / Revenue 5.21 x 6.51 x 6.62 x 5.75 x 6.84 x 4.24 x 3.9 x 3.61 x
EV / Revenue 4.56 x 5.81 x 5.75 x 5.75 x 6.84 x 3.65 x 3.35 x 3.61 x
EV / EBITDA 8.18 x 9.73 x 9.55 x - 12.3 x 7.61 x 6.91 x 7.42 x
EV / FCF 9.43 x 12.3 x 11.5 x - - 10 x 9.5 x 10.1 x
FCF Yield 10.6% 8.13% 8.72% - - 9.97% 10.5% 9.9%
Price to Book 4.31 x 5.81 x 6.44 x - - 5.51 x 5.45 x -
Nbr of stocks (in thousands) 10,221 10,164 10,206 10,258 10,296 10,301 - -
Reference price 2 9.400 12.95 15.00 15.55 17.20 10.30 10.30 10.30
Announcement Date 05/03/20 04/03/21 10/03/22 16/02/23 14/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18.43 20.23 23.11 27.73 25.87 25 27.2 29.4
EBITDA 1 10.27 12.09 13.91 - 14.35 12 13.2 14.3
EBIT 1 6.954 9.811 11.8 15.13 12.56 11.4 12.4 13.4
Operating Margin 37.74% 48.5% 51.05% 54.56% 48.54% 45.6% 45.59% 45.58%
Earnings before Tax (EBT) 1 7.177 9.949 12.04 - 12.56 11.4 12.4 13.4
Net income 1 5.194 7.566 9.293 - 9.704 9.1 9.9 10.7
Net margin 28.19% 37.41% 40.2% - 37.51% 36.4% 36.4% 36.39%
EPS 2 0.5100 0.7400 0.9100 1.130 0.9400 0.8800 0.9500 1.020
Free Cash Flow 1 8.912 9.562 11.58 - - 9.1 9.6 10.5
FCF margin 48.36% 47.27% 50.12% - - 36.4% 35.29% 35.71%
FCF Conversion (EBITDA) 86.78% 79.1% 83.26% - - 75.83% 72.73% 73.43%
FCF Conversion (Net income) 171.59% 126.37% 124.67% - - 100% 96.97% 98.13%
Dividend per Share 2 0.5700 0.6400 0.7400 - - 0.9100 0.9600 1.060
Announcement Date 05/03/20 04/03/21 10/03/22 16/02/23 14/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 10.35 9.904 10.32 10.4 12.72 13.66 14.07 13.45 12.42 12.2 12.8
EBITDA 1 6.438 - 6.072 - 7.638 8.812 - 7.878 6.467 6 6.1
EBIT 1 4.651 5.794 4.881 5.234 6.566 7.725 7.457 6.748 5.811 5.7 5.7
Operating Margin 44.94% 58.5% 47.28% 50.34% 51.64% 56.54% 52.99% 50.16% 46.79% 46.72% 44.53%
Earnings before Tax (EBT) 1 4.769 - 4.956 - 6.705 7.674 - 6.748 5.811 5.7 5.7
Net income 1 3.586 - 3.769 - 5.197 5.922 - 5.178 4.526 4.5 4.6
Net margin 34.65% - 36.51% - 40.87% 43.35% - 38.5% 36.44% 36.89% 35.94%
EPS 2 0.3500 0.3700 0.3700 0.4000 0.5100 0.5800 0.5600 0.5000 0.4400 0.4300 0.4400
Dividend per Share - - - - - - - - - - -
Announcement Date 05/03/20 27/08/20 04/03/21 26/08/21 10/03/22 25/08/22 16/02/23 24/08/23 14/02/24 - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 12 14.1 20.2 - - 14.8 14.9 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 8.91 9.56 11.6 - - 9.1 9.6 10.5
ROE (net income / shareholders' equity) 22.5% 33.8% 40.4% - - 43.7% 50.5% -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 2.180 2.230 2.330 - - 1.870 1.890 -
Cash Flow per Share 2 0.8900 0.9400 1.140 - - 0.9800 1.010 -
Capex 1 0.15 - 0.05 - - 1.1 0.9 0.9
Capex / Sales 0.82% - 0.21% - - 4.4% 3.31% 3.06%
Announcement Date 05/03/20 04/03/21 10/03/22 16/02/23 14/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
10.3 EUR
Average target price
12 EUR
Spread / Average Target
+16.50%
Consensus
  1. Stock Market
  2. Equities
  3. TITAN Stock
  4. Financials Titanium Oyj