Financials Kemira Oyj

Equities

KEMIRA

FI0009004824

Diversified Chemicals

Market Closed - Nasdaq Helsinki 11:29:54 2024-04-26 am EDT 5-day change 1st Jan Change
19.2 EUR +12.22% Intraday chart for Kemira Oyj +10.47% +14.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,024 1,979 2,041 2,198 2,579 2,956 - -
Enterprise Value (EV) 1 2,836 2,738 2,891 2,969 3,115 3,279 3,121 3,042
P/E ratio 18.4 x 15 x 19 x 9.55 x 13.1 x 11.6 x 13 x 12.1 x
Yield 4.22% 4.48% 4.35% 4.33% 4.05% 3.72% 3.82% 4.16%
Capitalization / Revenue 0.76 x 0.82 x 0.76 x 0.62 x 0.76 x 1.03 x 1.02 x 0.98 x
EV / Revenue 1.07 x 1.13 x 1.08 x 0.83 x 0.92 x 1.14 x 1.08 x 1.01 x
EV / EBITDA 6.92 x 6.29 x 6.79 x 5.19 x 4.67 x 5.98 x 5.91 x 5.52 x
EV / FCF 15.3 x 15.3 x 57.4 x 14.7 x 9.18 x 9.61 x 15.3 x 15.8 x
FCF Yield 6.53% 6.54% 1.74% 6.82% 10.9% 10.4% 6.55% 6.34%
Price to Book 1.66 x 1.66 x 1.54 x 1.32 x 1.55 x 1.78 x 1.6 x 1.49 x
Nbr of stocks (in thousands) 152,649 152,924 153,127 153,352 153,620 153,973 - -
Reference price 2 13.26 12.94 13.33 14.33 16.79 19.20 19.20 19.20
Announcement Date 2/11/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,659 2,427 2,674 3,570 3,384 2,876 2,891 3,007
EBITDA 1 410 435.1 425.5 571.6 666.7 548.4 527.8 551.1
EBIT 1 224 237.7 225.4 361.6 463 381.2 338.8 364.1
Operating Margin 8.42% 9.79% 8.43% 10.13% 13.68% 13.26% 11.72% 12.11%
Earnings before Tax (EBT) 1 154.7 181 143.3 308.2 292 340.8 302.2 323.8
Net income 1 110.2 131.3 108.1 231.7 199.1 266.8 225.4 242.3
Net margin 4.14% 5.41% 4.04% 6.49% 5.88% 9.28% 7.8% 8.06%
EPS 2 0.7200 0.8600 0.7000 1.500 1.280 1.651 1.476 1.591
Free Cash Flow 1 185.2 179.1 50.4 202.4 339.2 341 204.2 193
FCF margin 6.97% 7.38% 1.88% 5.67% 10.02% 11.86% 7.07% 6.42%
FCF Conversion (EBITDA) 45.17% 41.16% 11.84% 35.41% 50.88% 62.18% 38.7% 35.02%
FCF Conversion (Net income) 168.06% 136.41% 46.62% 87.35% 170.37% 127.81% 90.63% 79.66%
Dividend per Share 2 0.5600 0.5800 0.5800 0.6200 0.6800 0.7150 0.7341 0.7991
Announcement Date 2/11/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 718.2 768.1 861.4 971.9 986.2 906 840.1 828.7 808.8 763.3 704.2 740.6 734.8 759 759
EBITDA 1 97.8 120 122.1 152.5 177 192.6 151 160.3 162.7 162.5 138 134 132.5 141 146
EBIT 1 47 68.9 69.7 99.5 123.4 141.9 100.9 107.6 112.6 117.6 95 79 89 93 98
Operating Margin 6.54% 8.97% 8.09% 10.24% 12.51% 15.66% 12.01% 12.98% 13.92% 15.41% 13.49% 10.67% 12.11% 12.25% 12.91%
Earnings before Tax (EBT) 1 8.7 54.4 60.2 77.1 116.5 122.7 85.1 94.6 -10.3 100.9 87 71 82 85 90
Net income 1 8.3 40.6 45 57.9 88.2 92.9 64.7 71.7 -30.2 75.8 68 56 64 65 69
Net margin 1.16% 5.29% 5.22% 5.96% 8.94% 10.25% 7.7% 8.65% -3.73% 9.93% 9.66% 7.56% 8.71% 8.56% 9.09%
EPS 2 0.0500 0.2600 0.2900 0.3800 0.5700 0.6000 0.4200 0.4600 -0.2000 0.4900 0.4200 0.3400 0.4000 0.4000 0.4300
Dividend per Share 2 - - - - - - - - 0.6800 - - - - - -
Announcement Date 2/11/22 4/27/22 7/15/22 10/25/22 2/10/23 4/25/23 7/18/23 10/24/23 2/9/24 4/26/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 811 759 850 771 535 322 164 86.2
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.979 x 1.745 x 1.997 x 1.349 x 0.8029 x 0.5877 x 0.3113 x 0.1564 x
Free Cash Flow 1 185 179 50.4 202 339 341 204 193
ROE (net income / shareholders' equity) 9.2% 10.9% 12.1% 15.5% 17.4% 16% 13.1% 13.7%
ROA (Net income/ Total Assets) 3.9% 4.62% - 6.82% 8.14% 7.7% 7.8% 8.3%
Assets 1 2,827 2,843 - 3,395 2,445 3,465 2,889 2,919
Book Value Per Share 2 7.980 7.800 8.680 10.90 10.80 10.80 12.00 12.90
Cash Flow per Share 2 2.530 2.440 1.440 2.610 3.560 2.900 2.700 2.700
Capex 1 201 196 170 198 207 105 201 199
Capex / Sales 7.56% 8.06% 6.35% 5.54% 6.11% 3.65% 6.94% 6.62%
Announcement Date 2/11/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
19.2 EUR
Average target price
19.7 EUR
Spread / Average Target
+2.60%
Consensus