Loading...

We've got a brand new version of Simply Wall St! Try it out

Ramirent Oyj

HLSE:RAMI
Snowflake Description

Average dividend payer with mediocre balance sheet.

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

Ramirent Oyj engages in the rental of construction machinery and equipment in Finland, Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, the Czech Republic, and Slovakia. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Ramirent Oyj has significant price volatility in the past 3 months.
RAMI Share Price and Events
7 Day Returns
0%
HLSE:RAMI
3%
Europe Trade Distributors
1.8%
FI Market
1 Year Returns
27.9%
HLSE:RAMI
-6%
Europe Trade Distributors
-7.1%
FI Market
RAMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ramirent Oyj (RAMI) 0% -0.5% 69.6% 27.9% 30.7% 28.7%
Europe Trade Distributors 3% 0.3% 5.1% -6% 17.9% 43.4%
FI Market 1.8% -0.6% 1.5% -7.1% 10.7% 21.7%
1 Year Return vs Industry and Market
  • RAMI outperformed the Trade Distributors industry which returned -6% over the past year.
  • RAMI outperformed the Market in Finland which returned -7.1% over the past year.
Price Volatility
RAMI
Industry
5yr Volatility vs Market

RAMI Value

 Is Ramirent 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 Ramirent 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 Ramirent Oyj.

HLSE:RAMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

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:RAMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.886 (1 + (1- 20%) (49.31%))
1.158
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.158 * 6.51%)
8.08%

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

The calculations below outline how an intrinsic value for Ramirent 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:RAMI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.08%)
2020 83.27 Analyst x3 77.04
2021 76.60 Analyst x3 65.58
2022 65.70 Analyst x1 52.04
2023 63.90 Analyst x1 46.83
2024 62.86 Est @ -1.63% 42.62
2025 62.25 Est @ -0.98% 39.05
2026 61.92 Est @ -0.52% 35.94
2027 61.79 Est @ -0.2% 33.19
2028 61.81 Est @ 0.02% 30.71
2029 61.91 Est @ 0.18% 28.47
Present value of next 10 years cash flows €451.00
HLSE:RAMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €61.91 × (1 + 0.54%) ÷ (8.08% – 0.54%)
€825.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €825.66 ÷ (1 + 8.08%)10
€379.64
HLSE:RAMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €451.00 + €379.64
€830.64
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €830.64 / 113.61
€7.31
HLSE:RAMI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.31
Current discount Discount to share price of €8.96
= -1 x (€8.96 - €7.31) / €7.31
-22.5%

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

  • The current share price of Ramirent Oyj is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Ramirent Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ramirent Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:RAMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.31
HLSE:RAMI Share Price ** HLSE (2019-09-03) in EUR €8.96
Europe Trade Distributors Industry PE Ratio Median Figure of 72 Publicly-Listed Trade Distributors Companies 13.47x
Finland Market PE Ratio Median Figure of 103 Publicly-Listed Companies 19.52x

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

** Primary Listing of Ramirent Oyj.

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

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

= 8.96 ÷ 0.31

29.1x

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

  • Ramirent Oyj is overvalued based on earnings compared to the Europe Trade Distributors industry average.
  • Ramirent Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Ramirent Oyj's expected growth come at a high price?
Raw Data
HLSE:RAMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2.5%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 35 Publicly-Listed Trade Distributors Companies 1.68x
Finland Market PEG Ratio Median Figure of 90 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.1x ÷ 2.5%

11.81x

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

  • Ramirent Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ramirent Oyj's assets?
Raw Data
HLSE:RAMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €2.43
HLSE:RAMI Share Price * HLSE (2019-09-03) in EUR €8.96
Europe Trade Distributors Industry PB Ratio Median Figure of 87 Publicly-Listed Trade Distributors Companies 1.11x
Finland Market PB Ratio Median Figure of 143 Publicly-Listed Companies 1.94x
HLSE:RAMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.96 ÷ 2.43

3.68x

* Primary Listing of Ramirent Oyj.

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

  • Ramirent Oyj is overvalued based on assets compared to the Europe Trade Distributors industry average.
X
Value checks
We assess Ramirent 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. Ramirent Oyj has a total score of 0/6, 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.

RAMI Future Performance

 How is Ramirent Oyj expected to perform in the next 1 to 3 years based on estimates from 3 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
2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ramirent Oyj expected to grow at an attractive rate?
  • Ramirent Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Ramirent Oyj's earnings growth is positive but not above the Finland market average.
  • Ramirent 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:RAMI Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:RAMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2.5%
HLSE:RAMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.2%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.2%

*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:RAMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:RAMI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 188
2022-12-31 690 186 58 1
2021-12-31 709 199 67 3
2020-12-31 707 201 65 3
2019-12-31 707 219 72 3
2019-09-03
HLSE:RAMI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 701 182 33
2019-03-31 707 191 42
2018-12-31 712 188 45
2018-09-30 696 214 54
2018-06-30 691 207 78
2018-03-31 688 197 71
2017-12-31 685 200 65
2017-09-30 704 183 58
2017-06-30 689 170 32
2017-03-31 684 171 28
2016-12-31 665 168 22
2016-09-30 655 156 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ramirent Oyj's earnings are expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
  • Ramirent 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:RAMI 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 3 Analyst Estimates (S&P Global) See Below

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

HLSE:RAMI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.54 0.54 0.54 1.00
2021-12-31 0.61 0.69 0.51 3.00
2020-12-31 0.59 0.67 0.49 3.00
2019-12-31 0.67 0.70 0.65 3.00
2019-09-03
HLSE:RAMI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.31
2019-03-31 0.39
2018-12-31 0.42
2018-09-30 0.50
2018-06-30 0.72
2018-03-31 0.66
2017-12-31 0.60
2017-09-30 0.54
2017-06-30 0.29
2017-03-31 0.26
2016-12-31 0.20
2016-09-30 0.19

*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.
  • Ramirent Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ramirent 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.
Ramirent Oyj has a total score of 2/6, 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.

RAMI Past Performance

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

HLSE:RAMI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 700.83 33.10 92.40
2019-03-31 707.16 42.02 90.60
2018-12-31 711.67 44.87 90.23
2018-09-30 695.62 53.70 81.56
2018-06-30 691.23 77.61 81.29
2018-03-31 688.38 71.00 81.59
2017-12-31 685.50 64.80 81.66
2017-09-30 704.15 58.25 148.02
2017-06-30 688.70 31.80 166.37
2017-03-31 684.00 27.96 186.65
2016-12-31 665.40 22.08 204.59
2016-09-30 655.15 21.01 198.83
2016-06-30 651.04 37.26 195.65
2016-03-31 641.04 41.63 191.05
2015-12-31 635.61 38.98 189.35
2015-09-30 626.33 32.00 189.80
2015-06-30 624.74 36.06 190.72
2015-03-31 617.09 30.05 190.58
2014-12-31 614.05 32.63 189.94
2014-09-30 620.94 42.04 183.62
2014-06-30 623.56 40.42 185.55
2014-03-31 632.58 45.57 187.40
2013-12-31 647.86 54.03 192.14
2013-09-30 674.59 60.04 204.57
2013-06-30 694.29 64.21 206.98
2013-03-31 703.23 66.87 207.88
2012-12-31 714.74 63.75 208.50
2012-09-30 707.20 60.90 213.36

*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.
  • Ramirent Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ramirent Oyj used its assets less efficiently than the Europe Trade Distributors industry average last year based on Return on Assets.
  • Ramirent Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ramirent 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.
Ramirent Oyj has a total score of 2/6, 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.

RAMI Health

 How is Ramirent 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 Ramirent Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ramirent Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ramirent Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ramirent 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 Ramirent Oyj Company Filings, last reported 2 months ago.

HLSE:RAMI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 262.32 408.62 11.95
2019-03-31 256.53 338.54 9.67
2018-12-31 292.80 360.88 10.29
2018-09-30 285.02 391.63 12.43
2018-06-30 280.05 397.70 7.06
2018-03-31 270.78 359.01 7.34
2017-12-31 309.52 344.83 6.90
2017-09-30 297.95 370.97 1.10
2017-06-30 273.16 380.45 1.82
2017-03-31 267.08 347.63 7.05
2016-12-31 297.57 347.42 1.57
2016-09-30 282.07 361.66 4.39
2016-06-30 286.49 355.05 0.63
2016-03-31 280.37 333.25 45.34
2015-12-31 319.09 281.43 0.57
2015-09-30 305.95 289.57 3.13
2015-06-30 303.56 298.83 1.73
2015-03-31 291.09 229.25 3.07
2014-12-31 324.99 230.20 3.13
2014-09-30 342.12 263.12 3.44
2014-06-30 324.73 285.73 12.36
2014-03-31 330.30 214.76 2.78
2013-12-31 370.98 208.72 1.85
2013-09-30 360.69 243.45 13.12
2013-06-30 344.00 267.29 3.09
2013-03-31 341.59 319.01 92.44
2012-12-31 363.57 240.64 1.34
2012-09-30 349.78 258.18 2.20
  • Ramirent Oyj's level of debt (155.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.1% vs 155.8% today).
  • Debt is well covered by operating cash flow (44.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.3x coverage).
X
Financial health checks
We assess Ramirent 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. Ramirent Oyj has a total score of 3/6, 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.

RAMI Dividends

 What is Ramirent 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
5.14%
Current annual income from Ramirent Oyj dividends. Estimated to be 5.15% next year.
If you bought €2,000 of Ramirent Oyj shares you are expected to receive €103 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?
  • Ramirent Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.43%).
  • Ramirent Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.37%).
Upcoming dividend payment

Purchase Ramirent Oyj before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:RAMI 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 3 Analyst Estimates (S&P Global) See Below
Europe Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.6%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.6%
Finland Bottom 25% Dividend Yield 25th Percentile 2.4%
Finland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

HLSE:RAMI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.46 3.00
2020-12-31 0.46 3.00
2019-12-31 0.46 3.00
2019-09-03
HLSE:RAMI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.460 6.744
2018-03-15 0.440 6.330
2017-03-16 0.400 4.879
2016-02-11 0.400 5.926
2015-02-12 0.400 5.918
2014-03-27 0.370 5.189
2013-03-01 0.340 4.168
2012-03-02 0.280 4.382
2012-02-16 0.280 3.480
2011-02-16 0.250 3.562
2010-02-12 0.150 1.866
2009-09-30 0.000 0.000
2009-05-13 0.000 0.000
2009-02-19 0.000 0.000

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 Ramirent Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Ramirent Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Ramirent Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ramirent Oyj has a total score of 4/6, see the detailed checks below.


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

RAMI Management

 What is the CEO of Ramirent 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
Tapio Kolunsarka
COMPENSATION €1,426,804
AGE 44
TENURE AS CEO 3.1 years
CEO Bio

Mr. Tapio Kolunsarka has been the Chief Executive Officer and President of Ramirent Oyj since August 8, 2016. Mr. Kolunsarka served as Executive Vice President of UPM Raflatac at UPM-Kymmene Oyj from September 1, 2013 to May 3, 2016 and served as its and Member of Group Executive Board since 2013. Mr. Kolunsarka served as Senior Vice President of UPM Raflatac for EMEA at UPM-Kymmene Oyj from 2011 to August 2013 and Senior Vice President of UPM Raflatac Europe from 2008 to 2011. He held several leading positions in UPM Raflatac in Finland and in the United States from 2002 to 2008. Mr. Kolunsarka was a Consultant at McKinsey & Company. He holds M.Sc. (Eng. and Econ.) degree.

CEO Compensation
  • Tapio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Tapio's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

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

3.4
Average Tenure
49
Average Age
  • The tenure for the Ramirent Oyj management team is about average.
Management Team

Tapio Kolunsarka

TITLE
President & CEO
COMPENSATION
€1M
AGE
44
TENURE
3.1 yrs

Erik Bengtsson

TITLE
Executive VP of Sweden & Denmark - Group Fleet & Sourcing
AGE
50

Jukka Havia

TITLE
CFO & Executive VP
AGE
51
TENURE
0.4 yrs

Franciska Janzon

TITLE
Senior Vice President of Marketing
AGE
47
TENURE
6.3 yrs

Ulrika Dunker

TITLE
Executive Vice President of Human Resources & HSEQ
AGE
44
TENURE
2.6 yrs

Jorma Nyyssölä

TITLE
Head of Small Machines & Equipment Rental Operations
AGE
73

Mikael Kämpe

TITLE
Executive Vice President of Finland
AGE
51
TENURE
3.4 yrs

Heiki Onton

TITLE
Executive Vice President of Eastern Europe
AGE
41
TENURE
6.3 yrs

Øyvind Emblem

TITLE
Executive Vice President of Norway
AGE
49
TENURE
3.7 yrs

Terhi Jokinen

TITLE
Group Communications Manager
Board of Directors Tenure

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

0.5
Average Tenure
58
Average Age
  • The average tenure for the Ramirent Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gérard Déprez

TITLE
Chairman of the Board
TENURE
0.1 yrs

Ulf Lundahl

TITLE
Director
AGE
67
TENURE
5.7 yrs

Kaj-Gustaf Bergh

TITLE
Independent Director
AGE
64
TENURE
15.4 yrs

Kevin Appleton

TITLE
Independent Director
AGE
59
TENURE
7.7 yrs

Tobias Lönnevall

TITLE
Independent Director
AGE
39
TENURE
4.5 yrs

Malin Holmberg

TITLE
Director
AGE
48
TENURE
0.5 yrs

Laura Raitio

TITLE
Director
AGE
57
TENURE
0.5 yrs

Stéphane Hénon

TITLE
Director
TENURE
0.1 yrs

Patrick Bourmaud

TITLE
Director
TENURE
0.1 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 Ramirent 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. Ramirent 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.

RAMI News

Simply Wall St News

Ramirent Oyj (HEL:RAMI) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Ramirent Oyj: 0.18 = €94m ÷ (€945m - €419m) (Based on the trailing twelve months to March 2019.) Therefore, Ramirent Oyj has an ROCE of 18%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. … Our Take On Ramirent Oyj's ROCE While its ROCE looks good, it's worth remembering that the current liabilities are making the business look better.

Simply Wall St -

Is Ramirent Oyj (HEL:RAMI) A Risky Dividend Stock?

Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … As Ramirent Oyj's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term. … As Ramirent Oyj's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress.

Simply Wall St -

Is Ramirent Oyj's (HEL:RAMI) P/E Ratio Really That Good?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Ramirent Oyj: P/E of 14.82 = €5.79 ÷ €0.39 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each €1 of company earnings. … The P/E ratio indicates whether the market has higher or lower expectations of a company.

Simply Wall St -

Is Ramirent Oyj (HEL:RAMI) A High Quality Stock To Own?

We'll use ROE to examine Ramirent Oyj (HEL:RAMI), by way of a worked example. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.15. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Introducing Ramirent Oyj (HEL:RAMI), The Stock That Dropped 18% In The Last Five Years

Ramirent Oyj (HEL:RAMI) shareholders should be happy to see the share price up 12% in the last month. … In fact, the share price is down 18%, which falls well short of the return you could get by buying an index fund. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Ramirent Oyj (HEL:RAMI): Time For A Financial Health Check

However, an important fact which most ignore is: how financially healthy is the business? … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

What Should We Expect From Ramirent Oyj's (HEL:RAMI) Earnings Over The Next Year?

After Ramirent Oyj's (HEL:RAMI) earnings announcement on 31 December 2018, … as a 62% rise in profits is expected in the upcoming year,

Simply Wall St -

Ramirent Oyj (HEL:RAMI) Earns A Nice Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

What Kind Of Shareholder Appears On The Ramirent Oyj's (HEL:RAMI) Shareholder Register?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Ramirent Oyj is a smaller company with a market capitalization of €629m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Estimating The Intrinsic Value Of Ramirent Oyj (HEL:RAMI)

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

RAMI Company Info

Description

Ramirent Oyj engages in the rental of construction machinery and equipment in Finland, Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, the Czech Republic, and Slovakia. The company provides light machinery, including concrete mixing, painting, and drilling; power and heating systems; and related services, such as sale of gas and oil, as well as involved in the provision of electricity, planning, installation, and maintenance services. It also offers scaffolding and weather covers; fences and gates, steps, guard rails and fall safety systems, fall protections, and traffic safety equipment; and support equipment. In addition, the company provides heavy equipment and machinery, such as excavators, loaders, rollers and compaction equipment, and pumping equipment. Further, it offers lifts; tower cranes, mast climbing platforms, and personnel hoists; and modules and containers. Additionally, the company provides worksite planning, condition monitoring, on-site support, logistics, fuel services, safety planning, and training services. It serves shipyards, public sector, entrepreneurs, and households, as well as construction industry. Ramirent Oyj was founded in 1955 and is headquartered in Helsinki, Finland. As of August 8, 2019, Ramirent Oyj operates as a subsidiary of Loxam SAS.

Details
Name: Ramirent Oyj
RAMI
Exchange: HLSE
Founded: 1955
€1,017,397,403
113,612,217
Website: http://www.ramirent.com
Address: Ramirent Oyj
Tapulikaupungintie 37,
Helsinki,
Uusimaa, 00750,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE RAMI Registered Shares OMX Nordic Exchange Helsinki FI EUR 01. May 1998
DB RMM Registered Shares Deutsche Boerse AG DE EUR 01. May 1998
LSE 0KBX Registered Shares London Stock Exchange GB EUR 01. May 1998
Number of employees
Current staff
Staff numbers
2,916
Ramirent Oyj employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/03 20:47
End of day share price update: 2019/09/03 00:00
Last estimates confirmation: 2019/07/31
Last earnings filing: 2019/07/31
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.