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Nokian Tyres
7.69 EUR -0.54%Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
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Financial calendar
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 10.1 % | 10.1 % |
Varma Mutual Pension Insurance Company | 3.1 % | 3.1 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Hienonen | 30.11.2023 | 98,020EUR |
Jouko Pölönen | 03.11.2023 | 3,919EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,313.7 | 1,714.2 | 1,776.1 | 1,173.6 | 1,395.7 | 1,543.3 | 1,714.6 | 1,851.3 |
growth-% | -17.1 % | 30.5 % | 3.6 % | -33.9 % | 18.9 % | 10.6 % | 11.1 % | 8.0 % |
EBITDA | 295.5 | 428.2 | 194.4 | 147.0 | 183.7 | 271.7 | 322.2 | 401.6 |
EBIT (adj.) | 182.9 | 324.9 | 221.2 | 65.1 | 104.4 | 148.7 | 178.9 | 222.6 |
EBIT | 119.9 | 268.2 | -116.2 | 32.1 | 63.3 | 118.7 | 158.9 | 222.6 |
Profit before taxes | 106.0 | 258.2 | -146.4 | 14.3 | 39.9 | 98.7 | 144.9 | 209.6 |
Net income | 85.9 | 206.2 | -175.5 | 12.5 | 31.7 | 77.9 | 114.4 | 165.6 |
EPS (adj.) | 1.03 | 1.84 | 1.14 | 0.33 | 0.53 | 0.74 | 0.95 | 1.20 |
growth-% | -42.6 % | 77.6 % | -37.9 % | -71.1 % | 60.1 % | 40.0 % | 28.0 % | 27.0 % |
Dividend | 1.20 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.60 | 0.78 |
Dividend ratio | 193.0 % | 36.9 % | -43.3 % | 606.1 % | 239.2 % | 97.4 % | 72.3 % | 65.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 22.5 % | 25.0 % | 10.9 % | 12.5 % | 13.2 % | 17.6 % | 18.8 % | 21.7 % |
EBIT-% (adj.) | 13.9 % | 19.0 % | 12.5 % | 5.5 % | 7.5 % | 9.6 % | 10.4 % | 12.0 % |
EBIT-% | 9.1 % | 15.6 % | -6.5 % | 2.7 % | 4.5 % | 7.7 % | 9.3 % | 12.0 % |
ROE | 5.2 % | 13.1 % | -11.5 % | 0.9 % | 2.4 % | 6.0 % | 8.6 % | 12.0 % |
ROI | 6.1 % | 13.8 % | -6.1 % | 1.7 % | 3.1 % | 5.5 % | 7.0 % | 9.5 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 28.82 | 33.30 | 9.58 | 8.26 | 7.69 | 7.69 | 7.69 | 7.69 |
Shares | 138.2 | 138.2 | 138.3 | 138.0 | 138.0 | 138.0 | 138.0 | 138.0 |
Market cap | 3,983.5 | 4,602.7 | 1,324.4 | 1,139.4 | 1,061.2 | 1,061.2 | 1,061.2 | 1,061.2 |
Enterprise value | 3,966.3 | 4,504.1 | 1,465.3 | 1,363.1 | 1,586.8 | 1,697.0 | 1,681.6 | 1,595.8 |
EV/S | 3.0 | 2.6 | 0.8 | 1.2 | 1.1 | 1.1 | 1.0 | 0.9 |
EV/EBITDA | 13.4 | 10.5 | 7.5 | 9.3 | 8.6 | 6.2 | 5.2 | 4.0 |
EV/EBIT (adj.) | 21.7 | 13.9 | 6.6 | 20.9 | 15.2 | 11.4 | 9.4 | 7.2 |
EV/EBIT | 33.1 | 16.8 | - | 42.4 | 25.1 | 14.3 | 10.6 | 7.2 |
P/E (adj.) | 27.9 | 18.1 | 8.4 | 25.1 | 14.6 | 10.4 | 8.1 | 6.4 |
P/E | 46.4 | 22.3 | - | 91.0 | 33.4 | 13.6 | 9.3 | 6.4 |
P/B | 2.6 | 2.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 |
P/S | 3.0 | 2.7 | 0.7 | 1.0 | 0.8 | 0.7 | 0.6 | 0.6 |
Dividend yield | 4.2 % | 1.7 % | 5.7 % | 6.7 % | 7.1 % | 7.1 % | 7.8 % | 10.1 % |
Equity ratio | 65.1 % | 68.3 % | 64.8 % | 57.9 % | 53.7 % | 50.3 % | 50.0 % | 50.4 % |
Gearing ratio | -1.1 % | -6.1 % | 9.8 % | 16.6 % | 40.3 % | 48.7 % | 46.2 % | 37.5 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 293.2 | 276.1 | 368.0 | 1,173.6 | 236.6 | 297.0 | 381.6 | 480.5 | 1,395.7 |
EBITDA | 32.1 | 37.5 | 63.4 | 147.0 | 4.2 | 36.5 | 58.7 | 84.4 | 183.7 |
EBIT | 9.4 | 8.4 | 33.1 | 32.1 | -26.2 | 6.5 | 28.7 | 54.4 | 63.3 |
Profit before taxes | 6.3 | 3.4 | 27.0 | 14.3 | -31.6 | 0.5 | 22.7 | 48.4 | 39.9 |
Net income | 0.7 | 4.3 | 26.2 | 12.5 | -25.4 | 0.4 | 18.1 | 38.7 | 31.7 |
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![Nokian Tyres plc, Audiocast with teleconference, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/57db82f8-7602-4d60-87ee-808ccea413bc.png)
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc: Shareholders' Nomination Board 2024
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Consumer Goods Companies as Investments | Consumer Goods Night June 11, 2024
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc: Managers' transactions - Pölönen
Nokian Tyres plc: Managers' transactions - Ostrander
Nokian Tyres plc: Managers' transactions - Korsten
Nokian Tyres plc: Managers' transactions - Hienonen
Nokian Tyres plc: Managers' transactions - Vauramo
Nokian Tyres plc: Managers' transactions - Markula
Nokian Tyres plc: Managers' transactions - Rytsölä
Nokian Tyres plc: Managers' transactions - Hahn
Nokian Tyres plc: Managers' transactions - Björklund
Decisions of the organizing meeting of Nokian Tyres plc's Board of Directors
Decisions of the Annual General Meeting of Nokian Tyres plc
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