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Olvi Oyj

DB:OVI
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OVI
DB
€798M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Olvi Oyj engages in the manufacture and wholesale of alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, Lithuania, and Belarus. The last earnings update was 59 days ago. More info.


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OVI Share Price and Events
7 Day Returns
-2.8%
DB:OVI
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
34.9%
DB:OVI
5.6%
DE Beverage
3%
DE Market
OVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Olvi Oyj (OVI) -2.8% 3.1% 9.3% 34.9% 40% 62.9%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • OVI outperformed the Beverage industry which returned 5.6% over the past year.
  • OVI outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
OVI
Industry
5yr Volatility vs Market

OVI Value

 Is Olvi Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Olvi Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Olvi Oyj.

DB:OVI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 20%) (0.39%))
0.671
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.51%)
5.44%

Discounted Cash Flow Calculation for DB:OVI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Olvi Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OVI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.44%)
2020 45.00 Analyst x2 42.68
2021 48.50 Analyst x2 43.63
2022 50.87 Est @ 4.89% 43.40
2023 52.65 Est @ 3.49% 42.60
2024 53.97 Est @ 2.51% 41.42
2025 54.96 Est @ 1.83% 40.01
2026 55.70 Est @ 1.35% 38.45
2027 56.26 Est @ 1.01% 36.84
2028 56.70 Est @ 0.78% 35.21
2029 57.05 Est @ 0.61% 33.60
Present value of next 10 years cash flows €397.00
DB:OVI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €57.05 × (1 + 0.23%) ÷ (5.44% – 0.23%)
€1,097.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,097.91 ÷ (1 + 5.44%)10
€646.66
DB:OVI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €397.00 + €646.66
€1,043.66
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,043.66 / 20.71
€50.39
DB:OVI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OVI represents 0.96239x of HLSE:OLVAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96239x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 50.39 x 0.96239
€48.50
Value per share (EUR) From above. €48.50
Current discount Discount to share price of €37.10
= -1 x (€37.10 - €48.50) / €48.50
23.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Olvi Oyj is available for.
Intrinsic value
24%
Share price is €37.1 vs Future cash flow value of €48.5
Current Discount Checks
For Olvi Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Olvi Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Olvi Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Olvi Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Olvi Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.88
HLSE:OLVAS Share Price ** HLSE (2019-10-11) in EUR €38.55
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Olvi Oyj.

DB:OVI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:OLVAS Share Price ÷ EPS (both in EUR)

= 38.55 ÷ 1.88

20.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olvi Oyj is good value based on earnings compared to the DE Beverage industry average.
  • Olvi Oyj is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Olvi Oyj's expected growth come at a high price?
Raw Data
DB:OVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7.5%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:OVI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.48x ÷ 7.5%

2.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olvi Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Olvi Oyj's assets?
Raw Data
DB:OVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €11.49
HLSE:OLVAS Share Price * HLSE (2019-10-11) in EUR €38.55
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:OVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:OLVAS Share Price ÷ Book Value per Share (both in EUR)

= 38.55 ÷ 11.49

3.35x

* Primary Listing of Olvi Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olvi Oyj is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Olvi Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Olvi Oyj has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OVI Future Performance

 How is Olvi Oyj expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Olvi Oyj expected to grow at an attractive rate?
  • Olvi Oyj's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Olvi Oyj's earnings growth is positive but not above the Germany market average.
  • Olvi Oyj's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OVI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OVI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7.5%
DB:OVI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.9%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OVI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OVI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 430 72 48 2
2020-12-31 420 70 46 2
2019-12-31 407 62 42 2
2019-10-13
DB:OVI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 398 62 39
2019-03-31 391 63 40
2018-12-31 384 63 41
2018-09-30 374 61 40
2018-06-30 354 72 36
2018-03-31 345 54 36
2017-12-31 345 57 36
2017-09-30 341 64 37
2017-06-30 340 52 37
2017-03-31 329 58 35
2016-12-31 321 61 32
2016-09-30 319 71 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Olvi Oyj's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Olvi Oyj's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OVI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Olvi Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OVI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.29 2.34 2.25 2.00
2020-12-31 2.23 2.23 2.22 2.00
2019-12-31 2.01 2.05 1.98 2.00
2019-10-13
DB:OVI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.88
2019-03-31 1.94
2018-12-31 1.97
2018-09-30 1.92
2018-06-30 1.76
2018-03-31 1.74
2017-12-31 1.73
2017-09-30 1.77
2017-06-30 1.80
2017-03-31 1.69
2016-12-31 1.57
2016-09-30 1.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Olvi Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Olvi Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Olvi Oyj has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OVI Past Performance

  How has Olvi Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Olvi Oyj's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Olvi Oyj's year on year earnings growth rate has been positive over the past 5 years.
  • Olvi Oyj's 1-year earnings growth is less than its 5-year average (6.9% vs 8%)
  • Olvi Oyj's earnings growth has exceeded the DE Beverage industry average in the past year (6.9% vs -2%).
Earnings and Revenue History
Olvi Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Olvi Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OVI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 398.47 38.99 50.84
2019-03-31 390.80 40.26 50.84
2018-12-31 384.35 40.81 50.84
2018-09-30 373.75 39.73 49.08
2018-06-30 353.76 36.48 49.08
2018-03-31 345.19 36.09 49.08
2017-12-31 345.27 35.96 49.08
2017-09-30 340.67 36.66 46.51
2017-06-30 339.68 37.30 46.51
2017-03-31 329.25 35.08 46.51
2016-12-31 320.76 32.49 46.51
2016-09-30 318.59 32.80 45.30
2016-06-30 317.83 27.28 45.30
2016-03-31 311.21 23.81 45.30
2015-12-31 310.56 22.33 45.30
2015-09-30 308.07 20.93 46.70
2015-06-30 316.98 28.41 46.70
2015-03-31 322.64 31.25 46.70
2014-12-31 320.85 32.52 46.70
2014-09-30 324.58 33.57 45.35
2014-06-30 313.26 30.68 45.35
2014-03-31 319.07 31.88 45.35
2013-12-31 327.35 33.52 45.35
2013-09-30 326.72 32.62 41.45
2013-06-30 326.20 29.96 41.45
2013-03-31 316.33 27.75 41.45
2012-12-31 305.00 25.67 41.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Olvi Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Olvi Oyj used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Olvi Oyj's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Olvi Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Olvi Oyj has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OVI Health

 How is Olvi Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Olvi Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Olvi Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Olvi Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Olvi Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 81.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Olvi Oyj Company Filings, last reported 3 months ago.

DB:OVI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 241.50 3.10 25.56
2019-03-31 245.26 6.81 12.23
2018-12-31 237.18 3.65 18.52
2018-09-30 233.34 7.52 19.73
2018-06-30 220.50 19.35 25.26
2018-03-31 221.72 10.72 18.03
2017-12-31 216.99 10.49 28.63
2017-09-30 212.49 16.08 28.38
2017-06-30 202.34 17.40 8.41
2017-03-31 209.91 22.42 14.65
2016-12-31 203.55 21.29 20.30
2016-09-30 194.93 29.82 10.53
2016-06-30 180.07 42.71 13.56
2016-03-31 181.33 40.82 6.56
2015-12-31 185.23 43.45 12.79
2015-09-30 182.77 65.11 7.10
2015-06-30 181.02 80.85 4.64
2015-03-31 188.87 69.55 4.19
2014-12-31 192.54 58.20 4.38
2014-09-30 190.70 61.16 7.68
2014-06-30 172.61 72.56 6.19
2014-03-31 174.64 64.64 3.38
2013-12-31 171.54 49.04 7.51
2013-09-30 167.11 51.01 5.74
2013-06-30 155.79 60.99 6.76
2013-03-31 153.71 60.55 3.88
2012-12-31 147.41 53.74 5.70
  • Olvi Oyj's level of debt (0.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (39.7% vs 0.8% today).
  • Debt is well covered by operating cash flow (3060.8%, greater than 20% of total debt).
  • Olvi Oyj earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Olvi Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Olvi Oyj has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OVI Dividends

 What is Olvi Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from Olvi Oyj dividends. Estimated to be 2.53% next year.
If you bought €2,000 of Olvi Oyj shares you are expected to receive €47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Olvi Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Olvi Oyj's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OVI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OVI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.03 2.00
2020-12-31 0.98 2.00
2019-12-31 0.93 2.00
2019-10-13
DB:OVI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.900 2.603
2019-02-28 0.900 2.760
2018-03-26 0.800 2.614
2018-02-22 0.800 2.817
2017-03-29 0.750 2.551
2016-04-14 0.700 2.619
2015-02-25 0.650 2.755
2014-03-20 0.650 2.731
2013-03-18 0.500 1.952
2012-02-23 0.500 2.638
2011-02-24 0.500 3.029
2010-02-25 0.400 2.773
2009-03-02 0.250 2.607
2009-02-26 0.250 3.285

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Olvi Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Olvi Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Olvi Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Olvi Oyj has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OVI Management

 What is the CEO of Olvi Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lasse Aho
COMPENSATION €365,000
AGE 61
TENURE AS CEO 1.8 years
CEO Bio

Mr. Lasse Aho, M.Soc.Sc., has been Chief Executive Officer of Olvi Oyj since 2018 and its Managing Director until 2018. Mr. Aho serves as Sales Director at Fazer Leipomot Oy. His career includes 12 years with the Fazer Group as Marketing Director for Fazer Biscuits. He served as the Chief Executive Officer and Managing Director of Linkosuon Leipomo from 1997 to 2000, after which he served as Chief Executive Officer and Managing Director of Metro-Auto Tampere from 2000 to 2004. He has been a Director of Apetit Oyj since April 2015 and is its Chairman since November 7, 2018. Mr. Aho holds a Master of Social Sciences.

CEO Compensation
  • Insufficient data for Lasse to compare compensation growth.
  • Insufficient data for Lasse to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Olvi Oyj management team in years:

8.8
Average Tenure
49
Average Age
  • The average tenure for the Olvi Oyj management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lasse Aho

TITLE
Chief Executive Officer
COMPENSATION
€365K
AGE
61
TENURE
1.8 yrs

Tiina-Liisa Liukkonen

TITLE
Chief Financial Officer
AGE
41
TENURE
1.1 yrs

Pentti Pelttari

TITLE
Technical Director
TENURE
22.8 yrs

Anne Rissanen

TITLE
Customer Service & Administrative Director
AGE
57
TENURE
11.8 yrs

Pia Hortling

TITLE
Public Relationship & Purchasing Director
AGE
43
TENURE
2.8 yrs

Olli Heikkilä

TITLE
Marketing Director
AGE
49
TENURE
8.8 yrs

Ilkka Auvola

TITLE
Sales Director
AGE
59
TENURE
8.8 yrs

Tarmo Noop

TITLE
Managing Director of As A. Le Coq Tartu Estonia

Eva Zatlere

TITLE
Managing Director of A/S Cesu Alus Cesis Latvia
AGE
42

Marius Horbacauskas

TITLE
Managing Director of Ab Volfas Engelman Kaunas Lithuania
Board of Directors Tenure

Average tenure and age of the Olvi Oyj board of directors in years:

3
Average Tenure
52
Average Age
  • The tenure for the Olvi Oyj board of directors is about average.
Board of Directors

Pentti Hakkarainen

TITLE
Independent Chairman of the Board
COMPENSATION
€71K
AGE
61
TENURE
2.5 yrs

Nora Hortling

TITLE
Independent Vice Chairman of the Board
COMPENSATION
€38K
AGE
33
TENURE
3.5 yrs

Lasse Heinonen

TITLE
Independent Director
COMPENSATION
€22K
AGE
51
TENURE
1.5 yrs

Elisa Markula

TITLE
Independent Director
COMPENSATION
€31K
AGE
53
TENURE
4.5 yrs

Heikki Sirviö

TITLE
Independent Director
COMPENSATION
€31K
AGE
64
TENURE
4.5 yrs

Päivi Paltola

TITLE
Independent Director
COMPENSATION
€23K
AGE
48
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Olvi Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Olvi Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OVI News

Simply Wall St News

OVI Company Info

Description

Olvi Oyj engages in the manufacture and wholesale of alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, Lithuania, and Belarus. The company offers beers, ciders, long drinks, mineral waters, juices, soft drinks, energy drinks, sports beverages, kvass, and other beverages. It also rents beverage-serving equipment to its hotel, restaurant, and catering customers; and coolers to its retailers. The company was founded in 1878 and is headquartered in Iisalmi, Finland.

Details
Name: Olvi Oyj
OVI
Exchange: DB
Founded: 1878
€798,396,829
20,710,683
Website: http://www.olvi.fi
Address: Olvi Oyj
Olvitie I-IV,
Iisalmi,
Northern Savonia, 74100,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE OLVAS Series A Shares OMX Nordic Exchange Helsinki FI EUR 19. Aug 1992
DB OVI Series A Shares Deutsche Boerse AG DE EUR 19. Aug 1992
LSE 0FHS Series A Shares London Stock Exchange GB EUR 19. Aug 1992
BATS-CHIXE OLVASH Series A Shares BATS 'Chi-X Europe' GB EUR 19. Aug 1992
Number of employees
Current staff
Staff numbers
1,791
Olvi Oyj employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:47
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/07
Last earnings filing: 2019/08/15
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.