Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Handicare

Handicare

EURm 2020 2021e 2022e
Sales 211 222 231
Sales growth (%) -22,3 5,2 4,3
EBITDA 13 30 33
EBITDA margin (%) 6,1 13,7 14,5
EBIT adj 9 17 20
EBIT adj margin (%) 4,5 7,9 8,8
Pretax profit -29 16 19
EPS rep -0,54 0,22 0,25
EPS growth (%) -1150,3 140,1 13,9
EPS adj 0,12 0,29 0,32
DPS 0,06 0,07 0,07
EV/EBITDA (x) 26,2 10,8 9,4
EV/EBIT adj (x) 35,3 18,8 15,6
P/E (x) -9 22,5 19,8
P/E adj (x) 40,9 16,6 15,1
EV/sales (x) 1,6 1,5 1,4
FCF yield (%) 14,1 5,7 6,9
Dividend yield (%) 1,2 1,3 1,4
Net IB debt/EBITDA 3,6 1,3 0,8
N/A N/A N/A
EURm 2020 2021e 2022e
Sales 211 222 231
COGS -122 -125 -130
Gross profit 89 97 101
Other operating items -76 -66 -68
EBITDA 13 30 33
Depreciation on tangibles -7 -7 -7
Depreciation on intangibles 0 0 0
EBITA 6 23 26
Goodwill impairment charges -25 0 0
Other impairment and amortisation -6 -6 -6
EBIT -25 17 20
Other financial items 0 0 0
Net financial items -4 -1 -2
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit -29 16 19
Tax -3 -4 -4
Net profit -32 13 15
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -32 13 15
EPS -0,54 0,22 0,25
EPS Adj 0,12 0,29 0,32
Total extraordinary items after tax -9,5 0 0
Tax rate (%) 11,3 -22 -22
Gross margin (%) 42,1 43,7 43,9
EBITDA margin (%) 6,1 13,7 14,5
EBITA margin (%) 2,8 10,5 11,3
EBIT margin (%) -11,9 7,9 8,8
Pretax margin (%) -13,6 7,4 8,1
Net margin (%) -15,2 5,8 6,3
Growth rates Y/Y 2020 2021 2022
Sales growth (%) -22,3 5,2 4,3
EBITDA growth (%) -35,3 137,3 10,3
EBIT growth (%) -641,4 169,7 16
Net profit growth (%) -1995,8 140,1 13,9
EPS growth (%) -1150,3 140,1 13,9
Profitability 2020 2021 2022
ROE (%) -20,3 8,8 9,4
ROE Adj (%) 4,5 11,9 12,3
ROCE (%) -9,1 6,7 7,4
ROCE Adj(%) 5,6 8,9 9,6
ROIC (%) -12 6,8 7,9
ROIC Adj (%) 4,5 6,8 7,9
Adj earnings numbers 2020 2021 2022
EBITDA Adj 22 30 33
EBITDA Adj margin (%) 10,6 13,7 14,5
EBITA Adj 15 23 26
EBITA Adj margin (%) 7,3 10,5 11,3
EBIT Adj 9 17 20
EBIT Adj margin (%) 4,5 7,9 8,8
Pretax profit Adj 12 22 25
Net profit Adj 7 17 19
Net profit to shareholders Adj 7 17 19
Net Adj margin (%) 3,3 7,8 8,3
N/A N/A N/A
EURm 2020 2021e 2022e
Short-term debt 0 0 0
Accounts payable 23 18 20
Other current liabilities 20 20 20
Total liabilities and equity 311 315 328
Net IB debt 46 39 28
Net IB debt excl. pension debt 46 38 27
Capital invested 198 200 200
Working capital 23 26 27
EV breakdown 2020 2021 2022
Market cap. diluted (m) 289 289 289
Net IB debt Adj 46 39 28
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity 0 0 0
EV 335 327 316
Capital efficiency (%) 2020 2021 2022
Total assets turnover (%) 64,3 70,7 71,8
Capital invested turnover (%) 90,5 111,2 115,5
Capital employed turnover (%) 76,8 84,6 85
Inventories / sales (%) 13,6 12,7 11,5
Customer advances / sales (%) 9,3 9,1 8,7
Payables / sales (%) 11 9,3 8,2
Working capital / sales (%) 12,1 11 11,3
Financial risk and debt service 2020 2021 2022
Net debt / equity (%) 32,7 25,6 17,1
Net debt / market cap (%) 24,6 13,4 9,6
Equity ratio (%) 45,4 47,8 49,2
Net IB debt adj. / equity (%) 32,7 25,6 17,1
Current ratio (%) 285,7 332,1 350
EBITDA / net interest (%) 341,9 3034,3 2231,8
Net IB debt / EBITDA (%) 361,8 127,2 82,6
Interest cover (%) 155,3 2324,3 1735,2
EBITDA 13 30 33
Net financial items -4 -1 -2
Paid tax -3 -4 -4
Non-cash items 5 0 0
Cash flow before change in WC 10 26 28
Change in WC 5 -3 -1
Operating cash flow 15 23 27
CAPEX tangible fixed assets -2 -2 -2
CAPEX intangible fixed assets -3 -4 -5
Acquisitions and disposals 30 0 0
Free cash flow 41 16 20
Dividend paid 0 -4 -4
Share issues and buybacks 0 0 0
Other non cash items 4 0 0
Decrease in net IB debt 38 8 11
Balance Sheet (EURm) 2020 2021 2022
Goodwill 123 123 123
Indefinite intangible assets 0 0 0
Definite intangible assets 21 20 18
Tangible fixed assets 8 8 8
Other fixed assets 3 3 3
Fixed assets 176 174 173
Inventories 29 27 27
Receivables 34 34 37
Other current assets 3 3 3
Cash and liquid assets 69 77 88
Total assets 311 315 328
Shareholders equity 141 151 161
Minority 0 0 0
Total equity 141 151 161
Long-term debt 95 95 95
Pension debt 1 1 1
Convertible debt 0 0 0
Deferred tax 8 8 8
Other long-term liabilities 3 3 3
N/A N/A N/A
EURm 2020 2021e 2022e
Shares outstanding adj. 59 59 59
Fully diluted shares Adj 59 59 59
EPS -0,54 0,22 0,25
Dividend per share Adj 0,1 0,1 0,1
EPS Adj 0,12 0,29 0,32
BVPS 2,4 2,56 2,74
BVPS Adj -0,04 0,14 0,34
Net IB debt / share 0,8 0,7 0,5
Share price 3,19 4,9 4,9
Market cap. (m) 188 289 289
Valuation 2020 2021 2022
P/E -9 22,5 19,8
EV/sales 1,59 1,48 1,37
EV/EBITDA 26,2 10,8 9,4
EV/EBITA 57,7 14,1 12,1
EV/EBIT -13,4 18,8 15,6
Dividend yield (%) 1,2 1,3 1,4
FCF yield (%) 14,1 5,7 6,9
P/BVPS 2,04 1,91 1,79
P/BVPS Adj -123,68 34,64 14,22
P/E Adj 40,9 16,6 15,1
EV/EBITDA Adj 15 10,8 9,4
EV/EBITA Adj 21,9 14,1 12,1
EV/EBIT Adj 35,3 18,8 15,6
EV/cap. employed 1,3 1,2 1,1
Investment ratios 2020 2021 2022
Capex / sales 2,2 3 3
Capex / depreciation 66,4 93,6 93
Capex tangibles / tangible fixed assets 26,5 27,5 28,4
Capex intangibles / definite intangibles 12,1 22,6 25,1
Depreciation on intangibles / definite intangibles 0 0 0
Depreciation on tangibles / tangibles 87,7 88,2 91,7
N/A N/A N/A

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

Update

P/E

Learn more

A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

19,6

EV/EBIT

Learn more

EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

(
)
15,9

EV/Sales

Learn more

EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

(
)
1,4

P/BVPS

Learn more

P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

(
)
1,8