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Meriaura Group
0.033
EUR
+1.24 %
MERIH
First North Finland
Renewable
Energy
4,464 following
+1.24%
-11.89%
-15.54%
-30.64%
-33.47%
-24.36%
-43.79%
-94.77%
-99.84%
meriauragroup.com
Meriaura Group has two business areas: Maritime Logistics and Renewable Energy. Meriaura transports dry cargo and executes demanding project deliveries in Northern Europe. The company offers CO2 reducing marine transport services based on the use of recycled, in-house produced bio-oil. Meriaura Energy designs and delivers clean energy production solutions for district heating and industrial use worldwide, with Europe as the main market area.
P/E (adj.) (24e)
-354.8
EV/EBIT (adj.) (24e)
26.93
P/B (24e)
0.79
Dividend yield-% (24e)
-
Target price
0.03 EUR
Recommendation
Reduce
Updated
31.10.2024
First North Finland
MERIH
Daily low / high price
0.031 / 0.033
EUR
Market cap
28.26M EUR
Turnover
4.7K EUR
Volume
147K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Pauli Lohi
Analyst
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Meriaura Invest Oy | 62.6 % | 62.6 % |
| Avanza Pension | 6.5 % | 6.5 % |
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Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Kirsi Suopelto | 09.07.2024 | 2,335EUR |
| Kirsi Suopelto | 04.07.2024 | 9,840EUR |
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Forum updates
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.1 | 2.5 | 8.6 | 66.2 | 79.0 | 84.8 | 93.2 | 99.8 |
| growth-% | 49.8 % | -51.2 % | 245.8 % | 666.5 % | 19.4 % | 7.3 % | 9.9 % | 7.1 % |
| EBITDA | -3.4 | -4.2 | -3.6 | 6.3 | 7.7 | 9.4 | 12.7 | 14.2 |
| EBIT (adj.) | -3.9 | -4.6 | -3.8 | 1.0 | 1.8 | 3.4 | 4.8 | 5.4 |
| EBIT | -3.9 | -4.6 | -3.8 | 1.0 | 1.8 | 3.4 | 4.8 | 5.4 |
| Profit before taxes | -5.0 | -5.8 | -4.1 | -0.3 | -3.0 | 1.9 | 3.1 | 3.8 |
| Net income | -5.0 | -5.8 | -4.1 | -0.3 | -3.4 | 0.9 | 2.1 | 2.8 |
| EPS (adj.) | -0.08 | -0.03 | -0.01 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| growth-% | 121.4 % | 35.9 % | ||||||
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
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Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -66.6 % | -167.2 % | -41.4 % | 9.6 % | 9.7 % | 11.1 % | 13.7 % | 14.2 % |
| EBIT-% (adj.) | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 2.3 % | 4.0 % | 5.2 % | 5.4 % |
| EBIT-% | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 2.3 % | 4.0 % | 5.2 % | 5.4 % |
| ROE | -120.6 % | -103.4 % | -19.4 % | -0.7 % | -9.0 % | 2.5 % | 5.4 % | 6.9 % |
| ROI | -77.7 % | -76.2 % | -12.0 % | 1.8 % | 2.9 % | 4.9 % | 6.4 % | 7.0 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.15 | 0.05 | 0.07 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 |
| Shares | 62.9 | 165.2 | 783.1 | 886.8 | 886.8 | 886.8 | 886.8 | 886.8 |
| Market cap | 9.5 | 8.0 | 53.3 | 42.5 | 28.9 | 28.9 | 28.9 | 28.9 |
| Enterprise value | 7.6 | 4.1 | 69.9 | 55.8 | 48.2 | 53.8 | 57.5 | 52.8 |
| EV/S | 1.5 | 1.7 | 8.1 | 0.8 | 0.6 | 0.6 | 0.6 | 0.5 |
| EV/EBITDA | - | - | - | 8.8 | 6.3 | 5.7 | 4.5 | 3.7 |
| EV/EBIT (adj.) | - | - | - | 53.5 | 26.9 | 16.0 | 11.9 | 9.7 |
| EV/EBIT | - | - | - | 53.5 | 26.9 | 16.0 | 11.9 | 9.7 |
| P/E (adj.) | - | - | - | - | - | 30.8 | 13.9 | 10.2 |
| P/E | - | - | - | - | - | 30.8 | 13.9 | 10.2 |
| P/B | 2.0 | 1.2 | 1.5 | 1.1 | 0.8 | 0.8 | 0.7 | 0.7 |
| P/S | 1.9 | 3.2 | 6.2 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 |
| Dividend yield | ||||||||
| Equity ratio | 66.2 % | 79.5 % | 55.0 % | 58.9 % | 56.7 % | 52.6 % | 50.5 % | 54.1 % |
| Gearing ratio | -41.9 % | -58.8 % | 47.2 % | 33.3 % | 34.8 % | 47.4 % | 53.8 % | 40.4 % |
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Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.0 | 66.2 | 17.9 | 22.1 | 18.8 | 20.2 | 79.0 | ||
| EBITDA | 2.1 | 6.3 | 1.2 | 2.3 | 1.4 | 2.7 | 7.7 | ||
| EBIT | 0.8 | 1.0 | -0.2 | 0.8 | -0.0 | 1.2 | 1.8 | ||
| Profit before taxes | 0.2 | -0.3 | -0.5 | 0.3 | -3.7 | 0.9 | -3.0 | ||
| Net income | 0.3 | -0.3 | -0.5 | 0.3 | -3.8 | 0.4 | -3.4 |
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ShowingAll content types
Meriaura Group Plc, Inside information: Changes in Meriaura Group Plc’s financial management
Meriaura Group Q3'24: Higher profitability would increase the value of growth
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Model portfolio
Meriaura Group Plc: Business review for January–September 2024
Meriaura Group Q3’24 preview: Growth powered by Renewable Energy
Meriaura Group: Significant conditional order for solar thermal plant in Germany
Meriaura Group Oyj, Inside information: Meriaura Energy to deliver a solar thermal plant for Steyerberg municipality in Germany
Meriaura Group Q2'24: Stable outlook, expensive earnings-based valuation
Meriaura Group Plc’s half-year report for January–June 2024
