Merus Power
4.3 EURMerus Power is active in the industrial sector. The company specializes in electrical engineering where the company designs technology for energy efficiency and operational and environmental performance. The company delivers dynamic compensation solutions, power electronics, software technology, and services in electrical engineering. The customer base consists of customers in the industry, power production, and renewable energy sector. The company operates on a global level with headquarters in Nokia.
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Financial calendar
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Tuomala Kari Antero | 19.5 % | 19.5 % |
Ahlstrom Invest B.V | 13.6 % | 13.6 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Vesa Sadeharju | 08.04.2024 | 880,000EUR |
Mikko Marttala | 12.03.2024 | 6,431EUR |
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Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 6.5 | 14.8 | 16.2 | 29.0 | 30.2 | 39.2 | 50.2 | 57.8 |
growth-% | -36.9 % | 127.2 % | 9.7 % | 79.2 % | 4.0 % | 30.0 % | 28.0 % | 15.0 % |
EBITDA | 0.0 | 0.8 | 0.6 | 0.2 | -1.0 | 1.4 | 3.6 | 4.5 |
EBIT (adj.) | -0.4 | 0.3 | 0.1 | -0.5 | -2.2 | -0.0 | 2.0 | 2.6 |
EBIT | -0.4 | 0.3 | 0.1 | -0.5 | -2.2 | -0.0 | 2.0 | 2.6 |
Profit before taxes | -0.5 | -1.0 | -0.1 | -0.8 | -2.7 | -0.5 | 1.5 | 2.2 |
Net income | -0.5 | -1.0 | -0.1 | -0.8 | -2.7 | -0.5 | 1.5 | 2.2 |
EPS (adj.) | -0.09 | -0.15 | -0.01 | -0.10 | -0.36 | -0.07 | 0.20 | 0.29 |
growth-% | -404.0 % | 48.1 % | ||||||
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-% | 0.6 % | 5.6 % | 3.6 % | 0.6 % | -3.1 % | 3.6 % | 7.3 % | 7.7 % |
EBIT-% (adj.) | -5.5 % | 2.3 % | 0.7 % | -1.8 % | -7.3 % | -0.0 % | 4.0 % | 4.5 % |
EBIT-% | -5.5 % | 2.3 % | 0.7 % | -1.8 % | -7.3 % | -0.0 % | 4.0 % | 4.5 % |
ROE | -23.3 % | -12.9 % | -0.8 % | -6.4 % | -25.6 % | -5.5 % | 15.7 % | 19.4 % |
ROI | -7.4 % | 3.1 % | 0.6 % | -3.1 % | -13.4 % | -0.0 % | 9.3 % | 11.0 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 7.70 | 4.77 | 3.82 | 4.30 | 4.30 | 4.30 | 4.30 | |
Shares | 5.4 | 7.6 | 7.6 | 7.6 | 7.6 | 7.6 | 7.6 | 7.6 |
Market cap | 58.9 | 36.5 | 29.2 | 32.9 | 32.9 | 32.9 | 32.9 | |
Enterprise value | 51.7 | 35.0 | 30.6 | 37.5 | 40.8 | 41.5 | 40.5 | |
EV/S | - | 3.5 | 2.2 | 1.1 | 1.2 | 1.0 | 0.8 | 0.7 |
EV/EBITDA | - | 62.4 | 59.3 | 164.5 | - | 28.7 | 11.4 | 9.1 |
EV/EBIT (adj.) | - | 155.2 | 330.4 | - | - | - | 20.7 | 15.4 |
EV/EBIT | - | 155.2 | 330.4 | - | - | - | 20.7 | 15.4 |
P/E (adj.) | - | - | - | - | - | - | 21.9 | 14.8 |
P/E | - | - | - | - | - | - | 21.9 | 14.8 |
P/B | - | 4.5 | 2.8 | 2.4 | 3.5 | 3.7 | 3.2 | 2.6 |
P/S | - | 4.0 | 2.3 | 1.0 | 1.1 | 0.8 | 0.7 | 0.6 |
Dividend yield | ||||||||
Equity ratio | 32.3 % | 64.0 % | 52.5 % | 57.1 % | 43.5 % | 34.0 % | 34.2 % | 38.7 % |
Gearing ratio | 105.1 % | -55.2 % | -11.2 % | 11.6 % | 49.0 % | 89.5 % | 83.2 % | 60.3 % |
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Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 15.5 | 29.0 | 6.7 | 23.5 | 30.2 | ||||
EBITDA | 0.6 | 0.2 | -3.4 | 2.5 | -1.0 | ||||
EBIT | 0.2 | -0.5 | -4.0 | 1.8 | -2.2 | ||||
Profit before taxes | 0.0 | -0.8 | -4.3 | 1.6 | -2.7 | ||||
Net income | 0.0 | -0.8 | -4.3 | 1.6 | -2.7 |
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Merus Power Oyj: Insider information, negative profit warning: Merus Power lowers its guidance on EBITDA
Merus Power Oyj: Merus Power delivers two compensators to support rail traffic in Estonia
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