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Cramo Oyj

HLSE:CRA1V
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRA1V
HLSE
€595M
Market Cap
  1. Home
  2. FI
  3. Capital Goods
Company description

Cramo Oyj, a service company, engages in the rental of equipment and modular spaces. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Cramo Oyj has significant price volatility in the past 3 months.
CRA1V Share Price and Events
7 Day Returns
0%
HLSE:CRA1V
1.6%
Europe Trade Distributors
0.6%
FI Market
1 Year Returns
-17.8%
HLSE:CRA1V
23.1%
Europe Trade Distributors
12.1%
FI Market
CRA1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cramo Oyj (CRA1V) 0% 5.4% 67.5% -17.8% -42.2% 16.9%
Europe Trade Distributors 1.6% 2.1% 7.5% 23.1% 25.6% 53%
FI Market 0.6% -2.1% 1.3% 12.1% 10.8% 28.9%
1 Year Return vs Industry and Market
  • CRA1V underperformed the Trade Distributors industry which returned 23.1% over the past year.
  • CRA1V underperformed the Market in Finland which returned 12.1% over the past year.
Price Volatility
CRA1V
Industry
5yr Volatility vs Market

Value

 Is Cramo 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 Cramo 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 Cramo Oyj.

HLSE:CRA1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year FI Government Bond Rate -0.1%

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 HLSE:CRA1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 20%) (69.46%))
1.317
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (1.317 * 5.94%)
7.71%

Discounted Cash Flow Calculation for HLSE:CRA1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cramo 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.

HLSE:CRA1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.71%)
2020 59.63 Analyst x4 55.36
2021 55.20 Analyst x4 47.58
2022 53.70 Analyst x1 42.97
2023 50.40 Analyst x1 37.44
2024 48.50 Est @ -3.77% 33.45
2025 47.21 Est @ -2.67% 30.23
2026 46.31 Est @ -1.9% 27.53
2027 45.68 Est @ -1.36% 25.21
2028 45.23 Est @ -0.99% 23.17
2029 44.90 Est @ -0.72% 21.36
Present value of next 10 years cash flows €344.00
HLSE:CRA1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €44.90 × (1 + -0.11%) ÷ (7.71% – -0.11%)
€573.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €573.37 ÷ (1 + 7.71%)10
€272.77
HLSE:CRA1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €344.00 + €272.77
€616.77
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €616.77 / 44.68
€13.8
HLSE:CRA1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €13.80
Current discount Discount to share price of €13.32
= -1 x (€13.32 - €13.80) / €13.80
3.5%

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

Current Discount
Amount off the current price Cramo Oyj is available for.
Intrinsic value
4%
Share price is €13.32 vs Future cash flow value of €13.8
Current Discount Checks
For Cramo Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cramo Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Cramo 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 Cramo Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cramo Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:CRA1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €1.52
HLSE:CRA1V Share Price ** HLSE (2019-12-10) in EUR €13.32
Europe Trade Distributors Industry PE Ratio Median Figure of 67 Publicly-Listed Trade Distributors Companies 14.67x
Finland Market PE Ratio Median Figure of 95 Publicly-Listed Companies 19.66x

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

** Primary Listing of Cramo Oyj.

HLSE:CRA1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:CRA1V Share Price ÷ EPS (both in EUR)

= 13.32 ÷ 1.52

8.76x

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

  • Cramo Oyj is good value based on earnings compared to the Europe Trade Distributors industry average.
  • Cramo Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Cramo Oyj's expected growth come at a high price?
Raw Data
HLSE:CRA1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
6.2%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.63x
Finland Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.62x

*Line of best fit is calculated by linear regression .

HLSE:CRA1V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.76x ÷ 6.2%

1.42x

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

  • Cramo Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cramo Oyj's assets?
Raw Data
HLSE:CRA1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €8.59
HLSE:CRA1V Share Price * HLSE (2019-12-10) in EUR €13.32
Europe Trade Distributors Industry PB Ratio Median Figure of 85 Publicly-Listed Trade Distributors Companies 1.35x
Finland Market PB Ratio Median Figure of 139 Publicly-Listed Companies 2x
HLSE:CRA1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:CRA1V Share Price ÷ Book Value per Share (both in EUR)

= 13.32 ÷ 8.59

1.55x

* Primary Listing of Cramo Oyj.

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

  • Cramo Oyj is overvalued based on assets compared to the Europe Trade Distributors industry average.
X
Value checks
We assess Cramo 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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Cramo 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.

Future Performance

 How is Cramo Oyj expected to perform in the next 1 to 3 years based on estimates from 4 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
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cramo Oyj expected to grow at an attractive rate?
  • Cramo Oyj's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Cramo Oyj's earnings growth is positive but not above the Finland market average.
  • Cramo Oyj's revenues are expected to decrease over the next 1-3 years, this is below the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:CRA1V Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:CRA1V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 6.2%
HLSE:CRA1V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -1.2%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Finland Market Revenue Growth Rate Market Cap Weighted Average 1.5%

*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
HLSE:CRA1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:CRA1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 196
2022-12-31 667 189 62 1
2021-12-31 625 184 53 4
2020-12-31 615 179 49 4
2019-12-31 622 188 42 4
2019-12-10
HLSE:CRA1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 776 233 68
2019-06-30 782 224 77
2019-03-31 785 223 83
2018-12-31 780 195 85
2018-09-30 657 194 70
2018-06-30 689 191 76
2018-03-31 711 165 80
2017-12-31 730 186 84
2017-09-30 726 175 77
2017-06-30 719 179 75
2017-03-31 720 191 74
2016-12-31 713 172 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cramo Oyj's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Cramo Oyj's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
HLSE:CRA1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Cramo Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CRA1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.40 1.40 1.40 1.00
2021-12-31 1.18 1.27 1.03 4.00
2020-12-31 1.10 1.15 1.00 4.00
2019-12-31 0.94 0.99 0.90 4.00
2019-12-10
HLSE:CRA1V Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 1.52
2019-06-30 1.72
2019-03-31 1.87
2018-12-31 1.90
2018-09-30 1.56
2018-06-30 1.70
2018-03-31 1.79
2017-12-31 1.89
2017-09-30 1.72
2017-06-30 1.69
2017-03-31 1.66
2016-12-31 1.54

*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.
  • Cramo Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cramo 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 Europe 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.
Cramo 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.

Past Performance

  How has Cramo 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 Cramo Oyj's growth in the last year to its industry (Trade Distributors).
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.
  • Cramo Oyj's year on year earnings growth rate has been positive over the past 5 years.
  • Cramo Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Cramo Oyj's 1-year earnings growth is negative, it can't be compared to the Europe Trade Distributors industry average.
Earnings and Revenue History
Cramo 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 Cramo Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CRA1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 776.38 67.70 214.61
2019-06-30 781.58 76.60 214.61
2019-03-31 784.58 83.20 214.21
2018-12-31 779.98 84.70 211.91
2018-09-30 656.65 69.95 198.54
2018-06-30 688.95 75.55 200.74
2018-03-31 710.85 79.75 203.24
2017-12-31 729.95 84.25 206.14
2017-09-30 726.36 76.57 207.21
2017-06-30 719.36 75.07 207.71
2017-03-31 720.46 74.17 243.41
2016-12-31 712.96 68.57 204.31
2016-09-30 707.32 69.81 202.23
2016-06-30 694.78 60.46 198.61
2016-03-31 676.97 52.85 157.64
2015-12-31 668.63 49.72 193.64
2015-09-30 662.33 25.65 194.61
2015-06-30 661.12 26.39 192.96
2015-03-31 659.59 21.13 193.98
2014-12-31 652.80 16.01 193.98
2014-09-30 647.01 39.76 198.69
2014-06-30 649.47 40.44 200.01
2014-03-31 649.77 43.31 197.86
2013-12-31 658.03 42.78 196.66
2013-09-30 667.36 40.69 204.75
2013-06-30 676.30 38.39 205.93
2013-03-31 677.66 35.17 206.62
2012-12-31 692.62 38.75 208.65

*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.
  • Cramo Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cramo Oyj used its assets more efficiently than the Europe Trade Distributors industry average last year based on Return on Assets.
  • Cramo Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cramo 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 Trade Distributors 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.
Cramo 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.

Health

 How is Cramo 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 Cramo Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cramo Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cramo Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cramo 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 not covered by short term assets, assets are 0.4x 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 Cramo Oyj Company Filings, last reported 2 months ago.

HLSE:CRA1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 386.60 321.10 6.40
2019-06-30 377.20 368.60 2.20
2019-03-31 560.10 835.20 7.90
2018-12-31 596.97 714.71 6.39
2018-09-30 535.60 475.60 4.80
2018-06-30 535.60 475.60 4.80
2018-03-31 521.90 442.30 4.80
2017-12-31 557.38 388.57 2.59
2017-09-30 544.20 405.80 2.80
2017-06-30 514.20 439.30 3.00
2017-03-31 502.20 384.40 3.10
2016-12-31 519.67 400.54 9.10
2016-09-30 498.62 422.87 5.58
2016-06-30 476.95 421.76 4.62
2016-03-31 465.03 387.05 3.50
2015-12-31 490.74 366.49 3.51
2015-09-30 466.18 424.22 8.55
2015-06-30 460.70 434.70 6.96
2015-03-31 443.70 426.56 4.36
2014-12-31 454.99 373.61 5.69
2014-09-30 485.15 432.09 8.10
2014-06-30 465.60 428.66 5.90
2014-03-31 492.03 389.02 6.34
2013-12-31 500.58 333.86 4.77
2013-09-30 485.66 423.86 15.45
2013-06-30 463.61 448.94 14.38
2013-03-31 523.56 383.90 10.96
2012-12-31 532.64 294.25 10.34
  • Cramo Oyj's level of debt (83.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (82.8% vs 83.1% today).
  • Debt is well covered by operating cash flow (72.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Cramo 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. Cramo Oyj has a total score of 2/6, 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.

Dividends

 What is Cramo 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
6.76%
Current annual income from Cramo Oyj dividends. Estimated to be 4.43% next year.
If you bought €2,000 of Cramo Oyj shares you are expected to receive €135 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?
  • Cramo Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.21%).
  • Cramo Oyj's dividend is above the markets top 25% of dividend payers in Finland (4.84%).
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
HLSE:CRA1V 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 4 Analyst Estimates (S&P Global) See Below
Europe Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.4%
Finland Market Average Dividend Yield Market Cap Weighted Average of 99 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.2%
Finland Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

HLSE:CRA1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.63 4.00
2020-12-31 0.60 4.00
2019-12-31 0.54 4.00
2019-12-10
HLSE:CRA1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.900 7.550
2018-02-09 0.850 4.756
2017-03-30 0.750 3.388
2016-03-31 0.650 3.046
2015-02-10 0.550 3.112
2014-02-12 0.600 4.380
2013-02-08 0.420 3.623
2012-08-08 0.300 3.574
2012-03-02 0.300 2.925
2012-02-14 0.300 2.425
2011-03-24 0.100 0.974
2010-11-01 0.000 0.000
2010-10-29 0.000 0.000
2010-07-29 0.000 0.000
2010-05-12 0.000 0.000
2010-03-01 0.000 0.000
2010-02-10 0.000 0.000
2009-03-05 0.200 2.382
2009-02-11 0.200 3.681

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cramo Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Cramo Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Cramo Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cramo 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.

Management

 What is the CEO of Cramo 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
Leif Gustafsson
AGE 52
TENURE AS CEO 3.9 years
CEO Bio

Mr. Leif S. Gustafsson has been the Chief Executive Officer and President at Cramo Oyj since January 1, 2016. Mr. Gustafsson serves as a Head of Business Area Recycling - Stena Recycling at Stena Metall AB. He served as the Chief Executive Officer of Stena Recycling International AB from 2012 to 2015. He served as the President of Stena Recycling International since September 1, 2012. He served as the Managing Director and President of Stena Recycling AB and served as its Chief Executive Officer from 2008 to 2012. He served as Head of Sweden operations, YIT Building Systems Ltd of YIT Oyj. He served as Business Area Manager of Stena Recycling International since September 1, 2012. He served as the President of YIT Sverige AB and its Chief Executive Officer from 2005 to 2008 and also its Division manager from 2003 to 2005. He served as Division Manager of ABB Contracting from 1999 to 2003. He served as President of Stena Recycling for sewden at Stena Metall AB. Among other positions, he has served as Managing Director of Alfa Skop Teknik AB. He also has experience of the construction business from his time in the employ of Skanska and BPA. He serves as a Director of YIT Sverige AB's electrical systems division. In 2003, he serves as Director of YIT's Swedish electrical systems division, responsible for the entire Sweden-wide regional network. He serves as Member of Board of Trustees of SNS (Studieförbundet Näringsliv och Samhälle). Since 2000, he served as Director of the ABB Contracting AB division in the Stockholm area. He is Construction Engineer.

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

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

2.7
Average Tenure
47.5
Average Age
  • The tenure for the Cramo Oyj management team is about average.
Management Team

Leif Gustafsson

TITLE
President & CEO
AGE
52
TENURE
3.9 yrs

Aku Rumpunen

TITLE
Chief Financial Officer
AGE
45
TENURE
3 yrs

Sohana Josefsson

TITLE
Senior Vice President of Marketing & Communications
AGE
46
TENURE
0.7 yrs

Mika Kouhi

TITLE
Senior Vice President of M&A and Corporate Development
TENURE
1.3 yrs

Jukka Kotakorpi

TITLE
Managing Director of Production Units Tilamarkkinat Oy

Tatu Hauhio

TITLE
Executive Vice President of Finland & Eastern Europe
AGE
49
TENURE
13.9 yrs

Martin Holmgren

TITLE
Senior Vice President of Fleet Management
AGE
52
TENURE
6.9 yrs

Camilla Hensäter

TITLE
Interim Senior Vice President of Modular Space
TENURE
2.7 yrs

Hartwig Finger

TITLE
Executive Vice President of Central Europe
TENURE
1.5 yrs

Joakim Schedvins

TITLE
Acting Head of Equipment Rental Scandinavia
AGE
43
TENURE
0.7 yrs
Board of Directors Tenure

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

1.8
Average Tenure
59
Average Age
  • The average tenure for the Cramo Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Veli-Matti Reinikkala

TITLE
Chairman
AGE
62
TENURE
2.8 yrs

Peter Nilsson

TITLE
Deputy Chairman
AGE
57
TENURE
0.8 yrs

Joakim Rubin

TITLE
Director
AGE
59
TENURE
4.9 yrs

Raimo Seppänen

TITLE
Director
AGE
63
TENURE
5.9 yrs

AnnaCarin Grandin

TITLE
Director
AGE
52
TENURE
1.8 yrs

Andrew Studdert

TITLE
Director
AGE
63
TENURE
0.8 yrs

Christian Bubenheim

TITLE
Director
AGE
54
TENURE
0.8 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 Cramo 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. Cramo 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.

News

Simply Wall St News

Is Cramo Oyj's (HEL:CRA1V) ROE Of 20% Impressive?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Cramo Oyj: 20% = €77m ÷ €377m (Based on the trailing twelve months to June 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Cramo Oyj's Debt And Its 20% Return On Equity Although Cramo Oyj does use debt, its debt to equity ratio of 0.98 is still low. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

These 4 Measures Indicate That Cramo Oyj (HEL:CRA1V) Is Using Debt Extensively

HLSE:CRA1V Historical Debt, August 16th 2019 How Healthy Is Cramo Oyj's Balance Sheet? … But it is future earnings, more than anything, that will determine Cramo Oyj's ability to maintain a healthy balance sheet going forward. … Our View To be frank both Cramo Oyj's conversion of EBIT to free cash flow and its track record of staying on top of its total liabilities make us rather uncomfortable with its debt levels.

Simply Wall St -

Do Insiders Own Lots Of Shares In Cramo Oyj (HEL:CRA1V)?

Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … Insider Ownership Of Cramo Oyj The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

What Is Cramo Oyj's (HEL:CRA1V) P/E Ratio After Its Share Price Tanked?

One way to gauge market expectations of a stock is to look at its Price to Earnings Ratio (PE Ratio). … HLSE:CRA1V Price Estimation Relative to Market, July 9th 2019 Its relatively low P/E ratio indicates that Cramo Oyj shareholders think it will struggle to do as well as other companies in its industry classification. … How Does Cramo Oyj's Debt Impact Its P/E Ratio?

Simply Wall St -

With A -6.4% Earnings Drop, Did Cramo Oyj (HEL:CRA1V) Really Underperform?

Assessing Cramo Oyj's (HEL:CRA1V) performance as a company requires looking at more than just a years' earnings data. … Check out our latest analysis for Cramo Oyj Was CRA1V's recent earnings decline indicative of a tough track record? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 23%, indicating the rate at which CRA1V is growing has slowed down.

Simply Wall St -

Estimating The Intrinsic Value Of Cramo Oyj (HEL:CRA1V)

Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €77.25 €93.75 €88.35 €90.10 €83.50 €81.73 €80.65 €80.03 €79.73 €79.65 Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x4 Analyst x1 Analyst x1 Est @ -2.12% Est @ -1.32% Est @ -0.76% Est @ -0.37% Est @ -0.1% Present Value (€, Millions) Discounted @ 9.77% €70.37 €77.80 €66.80 €62.06 €52.39 €46.72 €41.99 €37.96 €34.46 €31.36 Present Value of 10-year Cash Flow (PVCF)= €521.91m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €80m × (1 + 0.5%) ÷ (9.8% – 0.5%) = €868m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€868m ÷ ( 1 + 9.8%)10 = €341.56m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €863.47m.

Simply Wall St -

Here's What Cramo Oyj's (HEL:CRA1V) P/E Ratio Is Telling Us

We'll look at Cramo Oyj's (HEL:CRA1V) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Cramo Oyj: P/E of 10.28 = €18.75 ÷ €1.82 (Based on the year to March 2019.) Is A High P/E Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.

Simply Wall St -

Is Cramo Oyj's (HEL:CRA1V) Balance Sheet A Threat To Its Future?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Cramo Oyj (HEL:CRA1V), with a market cap of €822m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Cramo Oyj (HEL:CRA1V) A Great Dividend Stock?

Could Cramo Oyj (HEL:CRA1V) be an attractive dividend share to own for the long haul? … Investors are often drawn to a company for its dividend. … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.

Simply Wall St -

What Percentage Of Cramo Oyj (HEL:CRA1V) Shares Do Insiders Own?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Our analysis of the ownership of the company, below, shows that. … institutions own shares in the company

Simply Wall St -

Company Info

Description

Cramo Oyj, a service company, engages in the rental of equipment and modular spaces. The company operates through Equipment Rental, Scandinavia; Equipment Rental, Finland and Eastern Europe; Equipment Rental, Central Europe; and Modular Space segments. It rents tools comprising ordinary machines, including transporting equipment concrete and concrete treatment, compaction, temporary electricity, heating, material lifting, measurment/control, and cleaning equipment, as well as pumps and power tools; special machines, such as heat cameras and machines for welding plastic pipes; and accessories. The company also rents construction machines that include dumpers, excavators, loaders, demolition robots, soil and asphalt compaction rollers, generators, compressors, and drill rigs for use in road and other construction works; access equipment, such as mini cranes, telehandlers, warehouse trucks and forklifts, vertical mast lifts, scissor lifts, articulated boom lifts, telescopic boom lifts, and trailer/truck mounted lifts; and building site facilities. In addition, it rents modular spaces for offices, schools, daycare, accommodation, and events and exhibitions use under the Cramo Adapteo brand. The company operates through a fleet of approximately 230,000 equipment rental items with a network of 300 depots in 14 countries. It has operations in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Poland, the Czech Republic, Slovakia, Germany, Austria, and Hungary. The company was formerly known as Rakentajain Konevuokraamo Oyj and changed its name to Cramo Oyj in November 2006. Cramo Oyj was founded in 1953 and is headquartered in Vantaa, Finland.

Details
Name: Cramo Oyj
CRA1V
Exchange: HLSE
Founded: 1953
€595,173,524
44,682,697
Website: http://www.cramogroup.com
Address: Cramo Oyj
Kalliosolantie 2,
Vantaa,
01740,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE CRA1V Series B Shares OMX Nordic Exchange Helsinki FI EUR 17. Dec 1992
DB RAON Series B Shares Deutsche Boerse AG DE EUR 17. Dec 1992
BATS-CHIXE CRA1VH Series B Shares BATS 'Chi-X Europe' GB EUR 17. Dec 1992
Number of employees
Current staff
Staff numbers
2,661
Cramo Oyj employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 20:44
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
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.