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Trainers’ House Oyj

HLSE:TRH1V
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRH1V
HLSE
€7M
Market Cap
  1. Home
  2. FI
  3. Commercial Services
Company description

Trainers’ House Oyj, a change management company, provides marketing and training services in Finland and Spain. The last earnings update was 50 days ago. More info.


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TRH1V Share Price and Events
7 Day Returns
0%
HLSE:TRH1V
-3.5%
FI Professional Services
0.3%
FI Market
1 Year Returns
-21.5%
HLSE:TRH1V
28.2%
FI Professional Services
7.8%
FI Market
TRH1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trainers’ House Oyj (TRH1V) 0% -4.3% -11.4% -21.5% -49.2% 158.3%
FI Professional Services -3.5% -3.7% 9.7% 28.2% 75.4% 63.2%
FI Market 0.3% -2.3% 0.3% 7.8% 9.8% 23.8%
1 Year Return vs Industry and Market
  • TRH1V underperformed the Professional Services industry which returned 28.2% over the past year.
  • TRH1V underperformed the Market in Finland which returned 7.8% over the past year.
Price Volatility
TRH1V
Industry
5yr Volatility vs Market

Value

 Is Trainers’ House 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 Trainers’ House 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 Trainers’ House Oyj.

HLSE:TRH1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.2%
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:TRH1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.835 (1 + (1- 20%) (0%))
0.889
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.889 * 5.94%)
5.17%

Discounted Cash Flow Calculation for HLSE:TRH1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trainers’ House 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:TRH1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.17%)
2020 2.81 Est @ 103.76% 2.67
2021 4.84 Est @ 72.6% 4.38
2022 7.30 Est @ 50.79% 6.28
2023 9.90 Est @ 35.52% 8.09
2024 12.35 Est @ 24.83% 9.60
2025 14.50 Est @ 17.35% 10.71
2026 16.25 Est @ 12.11% 11.42
2027 17.62 Est @ 8.44% 11.77
2028 18.66 Est @ 5.88% 11.85
2029 19.42 Est @ 4.08% 11.73
Present value of next 10 years cash flows €88.00
HLSE:TRH1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €19.42 × (1 + -0.11%) ÷ (5.17% – -0.11%)
€367.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €367.26 ÷ (1 + 5.17%)10
€221.80
HLSE:TRH1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €88.00 + €221.80
€309.80
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €309.80 / 21.47
€14.43
HLSE:TRH1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €14.43
Current discount Discount to share price of €0.31
= -1 x (€0.31 - €14.43) / €14.43
97.9%

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

Current Discount
Amount off the current price Trainers’ House Oyj is available for.
Intrinsic value
>50%
Share price is €0.31 vs Future cash flow value of €14.43
Current Discount Checks
For Trainers’ House Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Trainers’ House Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Trainers’ House Oyj's share price is below the future cash flow value, and 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 Trainers’ House Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trainers’ House Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:TRH1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.05
HLSE:TRH1V Share Price ** HLSE (2019-12-13) in EUR €0.31
Finland Professional Services Industry PE Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 35.69x
Finland Market PE Ratio Median Figure of 95 Publicly-Listed Companies 19.5x

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

** Primary Listing of Trainers’ House Oyj.

HLSE:TRH1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:TRH1V Share Price ÷ EPS (both in EUR)

= 0.31 ÷ 0.05

6.13x

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

  • Trainers’ House Oyj is good value based on earnings compared to the FI Professional Services industry average.
  • Trainers’ House Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Trainers’ House Oyj's expected growth come at a high price?
Raw Data
HLSE:TRH1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Finland Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.61x
Finland Market PEG Ratio Median Figure of 83 Publicly-Listed Companies 1.64x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Trainers’ House Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trainers’ House Oyj's assets?
Raw Data
HLSE:TRH1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €0.42
HLSE:TRH1V Share Price * HLSE (2019-12-13) in EUR €0.31
Finland Professional Services Industry PB Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 1.57x
Finland Market PB Ratio Median Figure of 139 Publicly-Listed Companies 2.02x
HLSE:TRH1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:TRH1V Share Price ÷ Book Value per Share (both in EUR)

= 0.31 ÷ 0.42

0.74x

* Primary Listing of Trainers’ House Oyj.

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

  • Trainers’ House Oyj is good value based on assets compared to the FI Professional Services industry average.
X
Value checks
We assess Trainers’ House 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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Trainers’ House Oyj has a total score of 5/6, 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 Trainers’ House Oyj expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trainers’ House Oyj has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
25.3%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trainers’ House Oyj expected to grow at an attractive rate?
  • Unable to compare Trainers’ House Oyj's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Trainers’ House Oyj's earnings growth to the Finland market average as no estimate data is available.
  • Unable to compare Trainers’ House Oyj's revenue growth to the Finland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HLSE:TRH1V Future Growth Rates Data Sources
Data Point Source Value (per year)
Finland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Finland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:TRH1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:TRH1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 11 1 1
2019-06-30 11 2 1
2019-03-31 11 1 1
2018-12-31 11 0 1
2018-09-30 10 0 1
2018-06-30 10 0 1
2018-03-31 9 0 0
2017-12-31 9 -1 0
2017-09-30 9 0 0
2017-06-30 9 1 1
2017-03-31 9 1 0
2016-12-31 9 2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Trainers’ House Oyj is high growth as no earnings estimate data is available.
  • Unable to determine if Trainers’ House Oyj is high growth as no revenue estimate data is available.
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:TRH1V 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 0 Analyst Estimates (S&P Global) See Below

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

HLSE:TRH1V Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.03
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.03

*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.
  • Unable to establish if Trainers’ House Oyj will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Trainers’ House Oyj is trading at Trainers’ House Oyj'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Trainers’ House Oyj's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Trainers’ House Oyj's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Trainers’ House 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 Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland 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.
Trainers’ House Oyj has a total score of 0/6, 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 Trainers’ House 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 Trainers’ House Oyj's growth in the last year to its industry (Professional Services).
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.
  • Trainers’ House Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Trainers’ House Oyj's 1-year earnings growth exceeds its 5-year average (103% vs 50.7%)
  • Trainers’ House Oyj's earnings growth has exceeded the FI Professional Services industry average in the past year (103% vs 36.1%).
Earnings and Revenue History
Trainers’ House 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 Trainers’ House Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TRH1V 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 10.82 1.09 0.64
2019-06-30 10.99 1.04 0.64
2019-03-31 11.15 0.97 0.64
2018-12-31 10.67 0.88 0.64
2018-09-30 10.41 0.53 0.57
2018-06-30 10.01 0.52 0.57
2018-03-31 9.48 0.44 0.57
2017-12-31 8.97 0.26 0.57
2017-09-30 8.79 0.28 0.44
2017-06-30 9.00 0.58 0.44
2017-03-31 8.96 0.49 0.44
2016-12-31 8.85 0.74 0.44
2016-09-30 8.48 1.00 0.55
2016-06-30 7.94 4.17 0.55
2016-03-31 7.33 2.48 0.55
2015-12-31 6.90 1.76 0.55
2015-09-30 7.05 -0.88 1.15
2015-06-30 7.33 -5.58 1.15
2015-03-31 7.66 -4.34 1.15
2014-12-31 8.00 -5.97 1.15
2014-09-30 8.64 -2.87 1.31
2014-06-30 8.87 -1.61 1.31
2014-03-31 9.33 -6.69 1.31
2013-12-31 10.12 -4.77 1.31
2013-09-30 10.71 -5.45 1.30
2013-06-30 11.39 -5.54 1.30
2013-03-31 12.35 -0.31 1.30
2012-12-31 13.30 -0.24 1.30

*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.
  • Trainers’ House Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trainers’ House Oyj used its assets more efficiently than the FI Professional Services industry average last year based on Return on Assets.
  • Trainers’ House Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Trainers’ House 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 Professional Services 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.
Trainers’ House Oyj has a total score of 4/6, 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 Trainers’ House 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 Trainers’ House Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trainers’ House Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trainers’ House Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trainers’ House 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.
  • Low level of unsold assets.
  • Trainers’ House Oyj has no debt, it does not need to be covered by short term assets.
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 Trainers’ House Oyj Company Filings, last reported 2 months ago.

HLSE:TRH1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 9.04 0.00 2.05
2019-06-30 9.21 0.00 2.76
2019-03-31 8.84 0.00 2.01
2018-12-31 8.34 0.00 1.65
2018-09-30 7.92 0.00 1.04
2018-06-30 8.13 0.00 1.09
2018-03-31 7.83 0.03 1.67
2017-12-31 7.43 0.77 2.01
2017-09-30 7.37 0.38 1.68
2017-06-30 7.57 0.63 2.17
2017-03-31 7.34 0.63 2.33
2016-12-31 7.10 1.21 2.79
2016-09-30 6.85 0.87 1.89
2016-06-30 6.75 1.12 1.94
2016-03-31 6.59 1.12 1.76
2015-12-31 6.10 1.64 1.55
2015-09-30 3.57 3.44 0.79
2015-06-30 0.31 6.06 1.45
2015-03-31 1.85 6.05 1.57
2014-12-31 2.09 7.04 1.58
2014-09-30 4.13 6.14 1.56
2014-06-30 5.54 6.36 2.17
2014-03-31 5.84 6.29 2.02
2013-12-31 6.79 8.43 2.63
2013-09-30 10.84 2.01 1.79
2013-06-30 11.03 2.03 2.10
2013-03-31 16.43 3.05 2.60
2012-12-31 16.39 4.94 1.52
  • Trainers’ House Oyj has no debt.
  • Trainers’ House Oyj has no debt compared to 5 years ago when it was 148.4%.
  • Trainers’ House Oyj has no debt, it does not need to be covered by operating cash flow.
  • Trainers’ House Oyj has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Trainers’ House 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. Trainers’ House 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.

Dividends

 What is Trainers’ House 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
0%
Current annual income from Trainers’ House Oyj dividends.
If you bought €2,000 of Trainers’ House Oyj shares you are expected to receive €0 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?
  • Unable to evaluate Trainers’ House Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trainers’ House Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:TRH1V 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 0 Analyst Estimates (S&P Global) See Below
Finland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3%
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 2.3%
Finland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

HLSE:TRH1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-10-21 0.000 0.000
2010-04-22 0.000 0.000
2010-03-01 0.000 0.000
2010-02-11 0.000 0.000
2009-03-13 0.250 9.156
2009-02-13 0.250 8.156

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

  • Unable to perform a dividend volatility check as Trainers’ House Oyj has not reported any payouts.
  • Unable to verify if Trainers’ House Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trainers’ House Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trainers’ House Oyj has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Income/ dividend checks
We assess Trainers’ House 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 Trainers’ House Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trainers’ House Oyj has a total score of 0/6, 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 Trainers’ House 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
Arto Heimonen
COMPENSATION €0
AGE 55
TENURE AS CEO 6.9 years
CEO Bio

Mr. Arto Heimonen has been the Chief Executive Officer at Trainers’ House Oyj since January 9, 2013. Mr. Heimonen served as the Chief Executive Officer of Ignis Services at Trainers’ House Oyj until January 9, 2013.

CEO Compensation
  • Arto's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Arto's remuneration is lower than average for companies of similar size in Finland.
Management Team

Arto Heimonen

TITLE
Chief Executive Officer
AGE
55
TENURE
6.9 yrs

Jari Sarasvuo

TITLE
Marketing Director & Director
AGE
54

Saku Keskitalo

TITLE
Chief Financial Officer

Hannu Takala

TITLE
Sales Director & Change Consultant
AGE
39

Jonna Grönbärj

TITLE
Director of HR & Employee Experience

Jarmo Lönnfors

TITLE
Managing Director
COMPENSATION
€26K
AGE
58

Marc Moberg

TITLE
Executive VP & Chief Culture Officer
AGE
49
Board of Directors Tenure

Average tenure and age of the Trainers’ House Oyj board of directors in years:

7.8
Average Tenure
51.5
Average Age
  • The tenure for the Trainers’ House Oyj board of directors is about average.
Board of Directors

Aarne Aktan

TITLE
Chairman
AGE
46
TENURE
12.9 yrs

Jari Sarasvuo

TITLE
Marketing Director & Director
AGE
54
TENURE
6.9 yrs

Jarmo Hyökyvaara

TITLE
Director
AGE
54
TENURE
8.8 yrs

Nina Ignatius

TITLE
Director
AGE
49
TENURE
2.9 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 Trainers’ House 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. Trainers’ House 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

Do Insiders Own Shares In Trainers’ House Oyj (HEL:TRH1V)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Trainers’ House Oyj is a smaller company with a market capitalization of €7.5m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Trainers’ House Oyj HLSE:TRH1V Ownership Summary, August 29th 2019 What Does The Lack Of Institutional Ownership Tell Us About Trainers’ House Oyj? … General Public Ownership The general public, who are mostly retail investors, collectively hold 54% of Trainers’ House Oyj shares.

Simply Wall St -

Are Trainers’ House Oyj’s Returns On Capital Worth Investigating?

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 Trainers’ House Oyj: 0.089 = €997k ÷ (€14m - €2.4m) (Based on the trailing twelve months to March 2019.) So, Trainers’ House Oyj has an ROCE of 8.9%. … Trainers’ House Oyj's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Is Trainers’ House Oyj's (HEL:TRH1V) P/E Ratio Really That Good?

Check out our latest analysis for Trainers’ House Oyj How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Trainers’ House Oyj: P/E of 9.01 = €0.41 ÷ €0.046 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Does Trainers’ House Oyj's P/E Ratio Compare To Its Peers?

Simply Wall St -

A Look At Trainers’ House Oyj's (HEL:TRH1V) Exceptional Fundamentals

HLSE:TRH1V Income Statement, July 11th 2019 TRH1V's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. … Also, relative to the rest of its peers with similar levels of earnings, TRH1V's share price is trading below the group's average. … HLSE:TRH1V Intrinsic value, July 11th 2019 Next Steps: For Trainers’ House Oyj, I've compiled three relevant aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for TRH1V’s future growth?

Simply Wall St -

How Trainers’ House Oyj (HEL:TRH1V) Can Impact Your Portfolio Volatility

If you own shares in Trainers’ House Oyj (HEL:TRH1V) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Beta is worth considering, but it's also important to consider whether Trainers’ House Oyj is growing earnings and revenue. … This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as Trainers’ House Oyj’s financial health and performance track record.

Simply Wall St -

If You Had Bought Trainers’ House Oyj (HEL:TRH1V) Stock Five Years Ago, You Could Pocket A 79% Gain Today

While Trainers’ House Oyj (HEL:TRH1V) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 13% in the last quarter. … Check out our latest analysis for Trainers’ House Oyj In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … HLSE:TRH1V Past and Future Earnings, June 5th 2019 It might be well worthwhile taking a look at our free report on Trainers’ House Oyj's earnings, revenue and cash flow.

Simply Wall St -

Is Trainers’ House Oyj’s (HEL:TRH1V) Return On Capital Employed Any Good?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Trainers’ House Oyj: 0.089 = €997k ÷ (€14m - €2.4m) (Based on the trailing twelve months to March 2019.) Therefore, Trainers’ House Oyj has an ROCE of 8.9%. … Do Trainers’ House Oyj's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Can Trainers’ House Oyj (HEL:TRH1V) Improve Its Returns?

Over the last twelve months Trainers’ House Oyj has recorded a ROE of 10%. … View our latest analysis for Trainers’ House Oyj? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Fundamental Investors Might Love Trainers’ House Oyj (HEL:TRH1V)

is a company with great financial health as well as a. … Below is a brief commentary on these key aspects … If you're interested in understanding beyond my broad commentary,

Simply Wall St -

Does Trainers’ House Oyj's (HEL:TRH1V) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Trainers’ House Oyj's (HEL:TRH1V) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Trainers’ House Oyj's P/E ratio is 10.1. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Trainers’ House Oyj, a change management company, provides marketing and training services in Finland and Spain. The company offers sales directors, sales, negotiation skills, presentation skills, and digital sales training programs to executives, supervisors, and other professionals for personal growth. It also provides sales and marketing solutions. The company was founded in 1990 and is headquartered in Helsinki, Finland.

Details
Name: Trainers’ House Oyj
TRH1V
Exchange: HLSE
Founded: 1990
€6,656,137
21,471,412
Website: http://www.trainershouse.fi
Address: Trainers’ House Oyj
Tammasaarenlaituri 3,
Helsinki,
Uusimaa, 00180,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE TRH1V Registered Shares OMX Nordic Exchange Helsinki FI EUR 15. Mar 2000
DB IV9A Registered Shares Deutsche Boerse AG DE EUR 15. Mar 2000
LSE 0J7A Registered Shares London Stock Exchange GB EUR 15. Mar 2000
BATS-CHIXE TRH1VH Registered Shares BATS 'Chi-X Europe' GB EUR 15. Mar 2000
Number of employees
Current staff
Staff numbers
0
Trainers’ House Oyj employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 20:47
End of day share price update: 2019/12/13 00:00
Last earnings filing: 2019/10/24
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.