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Nurminen Logistics
0.956
EUR
-3.43 %
NLG1V
NASDAQ Helsinki
Transport & Logistics
Industrials
4,033 following
-3.43%
+21.01%
+8.64%
-15.4%
-23.82%
+3.91%
-42.75%
+234.27%
-6.81%
nurminenlogistics.com/investors
Nurminen Logistics is an industrial group that offers transport and logistics services. The company's services include forwarding and freight handling services via rail transport, where the largest presence is in the Nordic and Baltic countries. Also, customized services are offered for various projects, as well as access to terminal service. The company was originally founded in 1886 and is headquartered in Helsinki.
P/E (adj.) (24e)
10.24
EV/EBIT (adj.) (24e)
5.89
P/B (24e)
2.5
Dividend yield-% (24e)
6.49 %
Target price
1.20 EUR
Recommendation
Buy
Updated
11.11.2024
NASDAQ Helsinki
NLG1V
Daily low / high price
0.95 / 0.996
EUR
Market cap
74.77M EUR
Turnover
48.27K EUR
Volume
50K
Business risk
Valuation risk
Current
Previous
Extensive report
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The latest extensive report was released
Read the reportAnalyst
Aapeli Pursimo
Analyst
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Suka Invest Oy | 16.1 % | 16.1 % |
| Ilmarinen Mutual Pension Insurance Company | 14.9 % | 14.9 % |
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Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Juha Nurminen | 30.09.2024 | 300,000EUR |
| Juha Nurminen | 30.09.2024 | 300,000EUR |
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Forum updates
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.7 | 141.3 | 122.5 | 128.0 | 111.0 | 144.1 | 152.5 | 159.9 |
| growth-% | 16.5 % | 75.0 % | -13.3 % | 4.4 % | -13.2 % | 29.8 % | 5.8 % | 4.9 % |
| EBITDA | 4.8 | 12.6 | 6.2 | 38.4 | 27.3 | 28.4 | 26.2 | 25.4 |
| EBIT (adj.) | 0.4 | 10.2 | 6.9 | 21.5 | 21.2 | 23.6 | 21.4 | 20.5 |
| EBIT | -0.2 | 9.6 | 3.4 | 33.1 | 22.6 | 23.6 | 21.4 | 20.5 |
| Profit before taxes | -2.5 | 7.8 | 1.9 | 29.3 | 19.4 | 21.3 | 19.6 | 19.0 |
| Net income | -4.2 | 11.8 | -1.0 | 14.3 | 8.8 | 11.9 | 11.5 | 11.2 |
| EPS (adj.) | -0.08 | 0.07 | 0.03 | 0.10 | 0.09 | 0.14 | 0.14 | 0.14 |
| growth-% | -58.0 % | 209.6 % | -3.3 % | 54.2 % | -3.9 % | -1.9 % | ||
| Dividend | 0.00 | 0.02 | 0.00 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Dividend ratio | 10.5 % | 32.7 % | 58.3 % | 44.4 % | 47.7 % | 50.1 % |
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Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 6.0 % | 8.9 % | 5.1 % | 30.0 % | 24.6 % | 19.7 % | 17.2 % | 15.9 % |
| EBIT-% (adj.) | 0.5 % | 7.2 % | 5.6 % | 16.8 % | 19.1 % | 16.4 % | 14.0 % | 12.8 % |
| EBIT-% | -0.3 % | 6.8 % | 2.8 % | 25.9 % | 20.3 % | 16.4 % | 14.0 % | 12.8 % |
| ROE | -269.9 % | 123.5 % | -7.4 % | 70.9 % | 29.8 % | 34.1 % | 27.6 % | 23.7 % |
| ROI | -0.4 % | 16.4 % | 5.6 % | 43.1 % | 27.5 % | 34.5 % | 31.0 % | 27.7 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.45 | 1.96 | 0.60 | 1.26 | 0.96 | 0.96 | 0.96 | 0.96 |
| Shares | 44.6 | 77.1 | 78.0 | 78.1 | 82.8 | 82.8 | 82.8 | 82.8 |
| Market cap | 19.9 | 151.2 | 46.8 | 98.4 | 79.2 | 79.2 | 79.2 | 79.2 |
| Enterprise value | 57.3 | 194.0 | 87.7 | 167.8 | 124.9 | 116.4 | 110.3 | 103.3 |
| EV/S | 0.7 | 1.4 | 0.7 | 1.3 | 1.1 | 0.8 | 0.7 | 0.6 |
| EV/EBITDA | 11.9 | 15.4 | 14.1 | 4.4 | 4.6 | 4.1 | 4.2 | 4.1 |
| EV/EBIT (adj.) | 145.3 | 19.1 | 12.8 | 7.8 | 5.9 | 4.9 | 5.2 | 5.0 |
| EV/EBIT | - | 20.2 | 25.7 | 5.1 | 5.5 | 4.9 | 5.2 | 5.0 |
| P/E (adj.) | - | 26.4 | 19.2 | 13.1 | 10.2 | 6.6 | 6.9 | 7.0 |
| P/E | - | 12.8 | - | 6.9 | 9.0 | 6.6 | 6.9 | 7.0 |
| P/B | 5.0 | 10.0 | 3.6 | 3.6 | 2.5 | 2.1 | 1.8 | 1.6 |
| P/S | 0.2 | 1.1 | 0.4 | 0.8 | 0.7 | 0.5 | 0.5 | 0.5 |
| Dividend yield | 0.8 % | 4.8 % | 6.5 % | 6.7 % | 6.9 % | 7.1 % | ||
| Equity ratio | 20.9 % | 31.6 % | 34.7 % | 41.8 % | 45.8 % | 56.4 % | 59.7 % | 61.6 % |
| Gearing ratio | 261.4 % | 115.9 % | 119.8 % | 77.6 % | 56.9 % | 29.9 % | 14.6 % | 1.1 % |
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Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71.2 | 128.0 | 35.2 | 22.5 | 24.2 | 29.1 | 111.0 | 33.4 | 34.6 |
| EBITDA | 27.4 | 38.4 | 7.3 | 4.6 | 8.6 | 6.9 | 27.3 | 7.0 | 6.9 |
| EBIT | 24.2 | 33.1 | 5.9 | 3.4 | 7.6 | 5.8 | 22.6 | 5.8 | 5.7 |
| Profit before taxes | 22.2 | 29.3 | 5.1 | 2.4 | 6.8 | 5.1 | 19.4 | 5.2 | 5.1 |
| Net income | 11.2 | 14.3 | 2.4 | -0.9 | 5.1 | 2.2 | 8.8 | 3.0 | 2.7 |
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Inside information: Nurminen Logistics Plc acquires Swedish railway logistics company Essinge Rail AB and grows in rail logistics between the Nordic countries and Continental Europe
On November 8, 2024, Nurminen Logistics Plc's board of directors has decided, with the authorization of the annual general meeting, to pay an equity repayment of EUR 0.04 per share
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