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Titanium Oyj

HLSE:TITAN
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TITAN
HLSE
€88M
Market Cap
  1. Home
  2. FI
  3. Diversified Financials
Company description

Titanium Oyj operates as a fund management company in Finland. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Titanium Oyj has significant price volatility in the past 3 months.
TITAN Share Price and Events
7 Day Returns
-4.2%
HLSE:TITAN
-4.6%
Europe Capital Markets
1.8%
FI Market
1 Year Returns
-6.7%
HLSE:TITAN
-18.5%
Europe Capital Markets
-21.6%
FI Market
TITAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Titanium Oyj (TITAN) -4.2% -15.5% -13.8% -6.7% - -
Europe Capital Markets -4.6% -14.8% -24.1% -18.5% -25.6% -44.5%
FI Market 1.8% -14.9% -22.1% -21.6% -14.1% -16.9%
1 Year Return vs Industry and Market
  • TITAN outperformed the Capital Markets industry which returned -18.5% over the past year.
  • TITAN outperformed the Market in Finland which returned -21.6% over the past year.
Price Volatility
TITAN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Titanium 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 Titanium 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 Titanium Oyj.

HLSE:TITAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €1.86 * 27.9%
€0.52
Book Value of Equity per Share Median Book Value from the past 5 years. €1.86
Discount Rate (Cost of Equity) See below 4.8%
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:TITAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.744 (1 + (1- 20%) (0.11%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.829 * 5.94%)
4.81%

Discounted Cash Flow Calculation for HLSE:TITAN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Titanium Oyj is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

HLSE:TITAN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27.9% – 4.81%) * €1.86)
€0.43
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.43 / (4.81% - -0.11%)
€8.73
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €1.86 + €8.73
€10.58
HLSE:TITAN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.58
Current discount Discount to share price of €8.62
= -1 x (€8.62 - €10.58) / €10.58
18.6%

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

Current Discount
Amount off the current price Titanium Oyj is available for.
Intrinsic value
19%
Share price is €8.62 vs Future cash flow value of €10.58
Current Discount Checks
For Titanium Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Titanium Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Titanium 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 Titanium Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Titanium Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:TITAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.51
HLSE:TITAN Share Price ** HLSE (2020-04-06) in EUR €8.62
Europe Capital Markets Industry PE Ratio Median Figure of 140 Publicly-Listed Capital Markets Companies 17.03x
Finland Market PE Ratio Median Figure of 103 Publicly-Listed Companies 15.7x

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

** Primary Listing of Titanium Oyj.

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

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

= 8.62 ÷ 0.51

16.96x

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

  • Titanium Oyj is good value based on earnings compared to the Europe Capital Markets industry average.
  • Titanium Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Titanium Oyj's expected growth come at a high price?
Raw Data
HLSE:TITAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
15.8%per year
Europe Capital Markets Industry PEG Ratio Median Figure of 53 Publicly-Listed Capital Markets Companies 0.96x
Finland Market PEG Ratio Median Figure of 90 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.96x ÷ 15.8%

1.07x

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

  • Titanium Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Titanium Oyj's assets?
Raw Data
HLSE:TITAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.18
HLSE:TITAN Share Price * HLSE (2020-04-06) in EUR €8.62
Europe Capital Markets Industry PB Ratio Median Figure of 238 Publicly-Listed Capital Markets Companies 1.2x
Finland Market PB Ratio Median Figure of 138 Publicly-Listed Companies 1.66x
HLSE:TITAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.62 ÷ 2.18

3.95x

* Primary Listing of Titanium Oyj.

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

  • Titanium Oyj is overvalued based on assets compared to the Europe Capital Markets industry average.
X
Value checks
We assess Titanium 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Titanium Oyj has a total score of 1/6, 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 Titanium Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Titanium Oyj expected to grow at an attractive rate?
  • Titanium Oyj's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Titanium Oyj's earnings growth is expected to exceed the Finland market average.
  • Titanium Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:TITAN Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:TITAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 15.8%
HLSE:TITAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.9%
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2%
Finland Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*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:TITAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:TITAN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 11
2023-12-31 27 12 11 1
2022-12-31 25 11 9 1
2021-12-31 23 10 9 1
2020-12-31 21 6 8 1
2020-04-07
HLSE:TITAN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 18 9 5
2019-09-30 18 8 5
2019-06-30 17 6 4
2019-03-31 17 7 5
2018-12-31 17 7 6
2018-09-30 15 7 5
2018-06-30 13 6 4
2018-03-31 12 5 3
2017-12-31 10 4 3
2017-09-30 10 4 3
2017-06-30 9 4 3
2017-03-31 8 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Titanium Oyj's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • Titanium Oyj's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:TITAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

HLSE:TITAN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 1.05 1.05 1.05 1.00
2022-12-31 0.90 0.90 0.90 1.00
2021-12-31 0.84 0.84 0.84 1.00
2020-12-31 0.74 0.74 0.74 1.00
2020-04-07
HLSE:TITAN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.51
2019-09-30 0.46
2019-06-30 0.45
2019-03-31 0.55
2018-12-31 0.60
2018-09-30 0.51
2018-06-30 0.42
2018-03-31 0.34
2017-12-31 0.26
2017-09-30 0.31
2017-06-30 0.33
2017-03-31 0.25

*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.
  • Titanium Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Titanium 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.
Titanium Oyj has a total score of 4/6, 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 Titanium 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 Titanium Oyj's growth in the last year to its industry (Capital Markets).
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.
  • Titanium Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Titanium Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Titanium Oyj's 1-year earnings growth is negative, it can't be compared to the Europe Capital Markets industry average.
Earnings and Revenue History
Titanium 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 Titanium Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TITAN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 18.43 5.19 0.03
2019-09-30 17.85 4.81 0.12
2019-06-30 17.27 4.43 0.21
2019-03-31 16.98 5.28 0.21
2018-12-31 16.68 6.12 0.21
2018-09-30 14.85 5.16 0.15
2018-06-30 13.01 4.19 0.10
2018-03-31 11.58 3.40 0.10
2017-12-31 10.15 2.61 0.10
2017-09-30 9.51 2.78 0.05
2017-06-30 8.86 2.96
2017-03-31 7.77 2.27
2016-12-31 6.67 1.58
2015-12-31 4.32 0.68
2014-12-31 2.16 0.39

*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.
  • Titanium Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Titanium Oyj used its assets more efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
  • Titanium Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Titanium 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 Capital Markets 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.
Titanium 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 Titanium 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 Titanium Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Titanium Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Titanium Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Titanium 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.
  • Debt is covered by short term assets, assets are 196.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

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

HLSE:TITAN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 22.18 0.09 15.79
2019-09-30 22.18 0.09 15.79
2019-06-30 18.59 0.00 9.25
2019-03-31 18.59 0.00 9.25
2018-12-31 23.99 0.00 13.97
2018-09-30 23.99 0.00 13.97
2018-06-30 13.37 0.00 11.91
2018-03-31 13.37 0.00 11.91
2017-12-31 15.00 0.00 12.88
2017-09-30 15.00 0.00 12.88
2017-06-30 9.73 0.00 6.48
2017-03-31 9.73 0.00 6.48
2016-12-31 8.92 0.00 5.01
2015-12-31 8.11 0.00 3.37
2014-12-31 8.10 0.00 2.18
  • Titanium Oyj's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Titanium Oyj's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (9681.5%, greater than 20% of total debt).
  • Titanium Oyj earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Titanium 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. Titanium Oyj has a total score of 5/6, 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 Titanium 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
8.35%
Current annual income from Titanium Oyj dividends. Estimated to be 9.51% next year.
If you bought €2,000 of Titanium Oyj shares you are expected to receive €167 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?
  • Titanium Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (3.21%).
  • Titanium Oyj's dividend is above the markets top 25% of dividend payers in Finland (6.35%).
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:TITAN 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 1 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 103 Stocks 4.7%
Finland Market Average Dividend Yield Market Cap Weighted Average of 95 Stocks 5%
Finland Minimum Threshold Dividend Yield 10th Percentile 2.1%
Finland Bottom 25% Dividend Yield 25th Percentile 3.2%
Finland Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

HLSE:TITAN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.87 1.00
2021-12-31 0.82 1.00
2020-12-31 0.77 1.00
2020-04-07
HLSE:TITAN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-11 0.720 8.546
2020-03-05 0.720 7.285
2019-03-20 0.700 7.821
2019-03-14 0.700 7.932
2018-03-23 0.170 2.313
2018-03-15 0.170 2.298

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

  • Whilst dividend payments have been stable, Titanium Oyj has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Titanium Oyj only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Titanium Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Titanium Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - 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 Titanium Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Titanium Oyj has a total score of 3/6, 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 Titanium 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.
  • Titanium Oyj has no CEO, or we have no data on them.
Management Team Tenure

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

3.3
Average Tenure
45.5
Average Age
  • The tenure for the Titanium Oyj management team is about average.
Management Team

Tommi Santanen

TITLE
Chairman of the Management Board & MD
AGE
45
TENURE
3.3 yrs

Joni Niiranen

TITLE
CFO & Member of Management Board

Henri Prittinen

TITLE
Commercial Director
AGE
43
TENURE
3.3 yrs

Petri Kärkkäinen

TITLE
Investments Director
AGE
46
TENURE
3.3 yrs

Mari Marsio

TITLE
Legal Advisor
AGE
50
TENURE
6.3 yrs

Tom Lojander

TITLE
Member of Management Board
Board of Directors Tenure

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

3.3
Average Tenure
45
Average Age
  • The tenure for the Titanium Oyj board of directors is about average.
Board of Directors

Harri Takanen

TITLE
Chairman of the Board
AGE
51
TENURE
3.3 yrs

Henri Prittinen

TITLE
Commercial Director
AGE
43
TENURE
3.3 yrs

Petri Kärkkäinen

TITLE
Investments Director
AGE
46
TENURE
6.3 yrs

Teemu Kaltea

TITLE
Director
AGE
44
TENURE
3.3 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 (€)
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Management checks
We assess Titanium 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. Titanium 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

Titanium Oyj (HEL:TITAN): Should The Future Outlook Worry You?

After Titanium Oyj's (HEL:TITAN) recent earnings announcement in December 2018, analyst forecasts seem bearish, with earnings expected to decline by 18% in the upcoming year relative to the past 5-year average growth rate of 46%. … To understand the overall trajectory of TITAN's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … Future Earnings: How does Titanium Oyj's growth rate compare to its peers and the wider market?

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Titanium Oyj (HEL:TITAN): What's The Analyst Consensus Outlook?

Titanium Oyj's (HEL:TITAN) announced its latest earnings update in March 2019, which showed that the business experienced a major tailwind, more than doubling its earnings from the prior year. … Below, I've laid out key growth figures on how market analysts predict Titanium Oyj's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Titanium Oyj Market analysts' consensus outlook for next year seems pessimistic, with earnings declining by a double-digit -18%.

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Is Titanium Oyj (HEL:TITAN) Potentially Underrated?

In the case of TITAN, it is a company with great financial health as well as a a great track record of performance. … Take a look at our free research report of analyst consensus for TITAN’s outlook. … The intrinsic value infographic in our free research report helps visualize whether TITAN is currently mispriced by the market.

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Did Titanium Oyj's (HEL:TITAN) Share Price Deserve to Gain 12%?

It hasn't been the best quarter for Titanium Oyj (HEL:TITAN) shareholders, since the share price has fallen 12% in that time. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

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

View our latest analysis for Titanium Oyj HLSE:TITAN Ownership Summary, May 29th 2019 What Does The Lack Of Institutional Ownership Tell Us About Titanium Oyj? … Insider Ownership Of Titanium Oyj The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

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Titanium Oyj (HEL:TITAN): Immense Growth Potential?

Titanium Oyj's (HEL:TITAN) announced its latest earnings update in December 2018, which revealed that the company experienced a substantial tailwind, more than doubling its earnings from the prior year. … Investors may find it useful to understand how market analysts view Titanium Oyj's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … View our latest analysis for Titanium Oyj Market analysts' prospects for the upcoming year seems pessimistic, with earnings reducing by a double-digit -13%.

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Here's Why We Think Titanium Oyj (HEL:TITAN) Is Well Worth Watching

Over the last three years, Titanium Oyj has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Like a firecracker arcing through the night sky, Titanium Oyj's EPS shot from €0.26 to €0.66, over the last year. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

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Is Titanium Oyj (HEL:TITAN) A Great Dividend Stock?

Dividend paying stocks like Titanium Oyj (HEL:TITAN) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Titanium Oyj pays a 7.6% dividend yield, and has been paying dividends for the past two years.

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What Can We Expect From Titanium Oyj's (HEL:TITAN) Earnings In The Year Ahead?

Based on Titanium Oyj's (HEL:TITAN) recently announced earnings update on 31 December 2018, … as a -12% fall in profits is expected in the upcoming year

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Does Titanium Oyj's (HEL:TITAN) Share Price Gain of 20% Match Its Business Performance?

For example, the Titanium Oyj (HEL:TITAN) share price is up 20% in the last year, clearly besting than the market return of around -10.0% (not including dividends). … We'll need to follow Titanium Oyj for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

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Company Info

Description

Titanium Oyj operates as a fund management company in Finland. The company offers services in the areas of asset management, mutual funds, investment funds, insurance mediation, securities brokerage, and investment advisory. It serves retail investors, businesses, and institutions. It serves retail investors, businesses, and institutions. The company was founded in 2009 and is based in Helsinki, Finland.

Details
Name: Titanium Oyj
TITAN
Exchange: HLSE
Founded: 2009
€87,613,921
10,164,028
Website: http://www.titanium.fi
Address: Titanium Oyj
Aleksanterinkatu 48 B,
Helsinki,
Uusimaa, 00100,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE TITAN Share Capital OMX Nordic Exchange Helsinki FI EUR 07. Oct 2017
LSE 0CXQ Share Capital London Stock Exchange GB EUR 07. Oct 2017
Number of employees
Current staff
Staff numbers
0
Titanium Oyj employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:43
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.