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Alma Media Oyj

HLSE:ALMA
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALMA
HLSE
€738M
Market Cap
  1. Home
  2. FI
  3. Media
Company description

Alma Media Oyj, a media company, provides digital and publishing services in Finland and internationally. The last earnings update was 96 days ago. More info.


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ALMA Share Price and Events
7 Day Returns
-2%
HLSE:ALMA
-3.3%
FI Media
-0.5%
FI Market
1 Year Returns
40.8%
HLSE:ALMA
26.5%
FI Media
9.2%
FI Market
ALMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alma Media Oyj (ALMA) -2% 12.2% 27.7% 40.8% 67.4% 192.7%
FI Media -3.3% 11.1% 14.6% 26.5% 33.4% 97.2%
FI Market -0.5% 3.2% 6.6% 9.2% 16.4% 22.2%
1 Year Return vs Industry and Market
  • ALMA outperformed the Media industry which returned 26.5% over the past year.
  • ALMA outperformed the Market in Finland which returned 9.2% over the past year.
Price Volatility
ALMA
Industry
5yr Volatility vs Market

ALMA Value

 Is Alma Media 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 Alma Media 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 Alma Media Oyj.

HLSE:ALMA 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 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:ALMA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.772 (1 + (1- 20%) (13.14%))
0.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.901 * 5.94%)
5.24%

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

The calculations below outline how an intrinsic value for Alma Media 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:ALMA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.24%)
2020 68.07 Analyst x3 64.67
2021 62.80 Analyst x3 56.70
2022 61.60 Analyst x1 52.84
2023 61.10 Analyst x1 49.80
2024 61.40 Analyst x1 47.55
2025 61.05 Est @ -0.57% 44.93
2026 60.79 Est @ -0.43% 42.51
2027 60.59 Est @ -0.33% 40.25
2028 60.43 Est @ -0.27% 38.15
2029 60.29 Est @ -0.22% 36.17
Present value of next 10 years cash flows €473.00
HLSE:ALMA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €60.29 × (1 + -0.11%) ÷ (5.24% – -0.11%)
€1,124.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,124.86 ÷ (1 + 5.24%)10
€674.71
HLSE:ALMA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €473.00 + €674.71
€1,147.71
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,147.71 / 82.18
€13.97
HLSE:ALMA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €13.97
Current discount Discount to share price of €8.84
= -1 x (€8.84 - €13.97) / €13.97
36.7%

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

Current Discount
Amount off the current price Alma Media Oyj is available for.
Intrinsic value
37%
Share price is €8.84 vs Future cash flow value of €13.97
Current Discount Checks
For Alma Media Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alma Media Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alma Media 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 Alma Media Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alma Media Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:ALMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.50
HLSE:ALMA Share Price ** HLSE (2020-01-27) in EUR €8.84
Finland Media Industry PE Ratio Median Figure of 5 Publicly-Listed Media Companies 18.06x
Finland Market PE Ratio Median Figure of 95 Publicly-Listed Companies 20.98x

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

** Primary Listing of Alma Media Oyj.

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

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

= 8.84 ÷ 0.50

17.78x

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

  • Alma Media Oyj is good value based on earnings compared to the FI Media industry average.
  • Alma Media Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Alma Media Oyj's expected growth come at a high price?
Raw Data
HLSE:ALMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
4.3%per year
Europe Media Industry PEG Ratio Median Figure of 66 Publicly-Listed Media Companies 1.69x
Finland Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.78x ÷ 4.3%

4.12x

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

  • Alma Media Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Alma Media Oyj's assets?
Raw Data
HLSE:ALMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €1.94
HLSE:ALMA Share Price * HLSE (2020-01-27) in EUR €8.84
Finland Media Industry PB Ratio Median Figure of 6 Publicly-Listed Media Companies 1.64x
Finland Market PB Ratio Median Figure of 138 Publicly-Listed Companies 2.24x
HLSE:ALMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.84 ÷ 1.94

4.55x

* Primary Listing of Alma Media Oyj.

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

  • Alma Media Oyj is overvalued based on assets compared to the FI Media industry average.
X
Value checks
We assess Alma Media 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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Alma Media Oyj has a total score of 3/6, 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.

ALMA Future Performance

 How is Alma Media 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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alma Media Oyj expected to grow at an attractive rate?
  • Alma Media Oyj's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Alma Media Oyj's earnings growth is positive but not above the Finland market average.
  • Alma Media Oyj's revenue growth is positive but not above the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:ALMA Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:ALMA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 4.3%
HLSE:ALMA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.1%
Finland Media Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Finland Media Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
HLSE:ALMA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:ALMA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 345 76 1
2023-12-31 345 76 1
2022-12-31 347 76 48 2
2021-12-31 343 71 46 3
2020-12-31 341 75 51 3
2020-01-27
2019-12-31 344 67 41 3
HLSE:ALMA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 345 74 41
2019-06-30 347 68 40
2019-03-31 347 58 43
2018-12-31 355 56 42
2018-09-30 360 46 35
2018-06-30 364 51 35
2018-03-31 369 57 34
2017-12-31 367 52 32
2017-09-30 364 54 34
2017-06-30 359 52 29
2017-03-31 357 44 24
2016-12-31 353 42 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alma Media Oyj's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Alma Media Oyj's revenue is expected to grow by 0.1% 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:ALMA 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 3 Analyst Estimates (S&P Global) See Below

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

HLSE:ALMA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.58 0.58 0.58 1.00
2021-12-31 0.55 0.57 0.52 3.00
2020-12-31 0.62 0.64 0.58 3.00
2020-01-27
2019-12-31 0.50 0.52 0.48 3.00
HLSE:ALMA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.50
2019-06-30 0.48
2019-03-31 0.52
2018-12-31 0.51
2018-09-30 0.42
2018-06-30 0.42
2018-03-31 0.41
2017-12-31 0.39
2017-09-30 0.41
2017-06-30 0.35
2017-03-31 0.29
2016-12-31 0.21

*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.
  • Alma Media Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Alma Media 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.
Alma Media 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.

ALMA Past Performance

  How has Alma Media 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 Alma Media Oyj's growth in the last year to its industry (Media).
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.
  • Alma Media Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Alma Media Oyj's 1-year earnings growth is less than its 5-year average (16.6% vs 30.8%)
  • Alma Media Oyj's earnings growth has exceeded the Europe Media industry average in the past year (16.6% vs -3.1%).
Earnings and Revenue History
Alma Media 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 Alma Media Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:ALMA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 345.20 40.80 12.30
2019-06-30 346.50 39.80 12.30
2019-03-31 347.40 42.50 12.30
2018-12-31 354.60 41.70 12.30
2018-09-30 359.80 35.00 13.10
2018-06-30 364.20 34.70 13.10
2018-03-31 369.00 33.50 13.10
2017-12-31 367.30 32.20 13.10
2017-09-30 363.80 33.60 18.00
2017-06-30 358.70 29.10 18.00
2017-03-31 357.00 23.80 18.00
2016-12-31 353.20 16.90 18.00
2016-09-30 338.20 11.80 12.60
2016-06-30 325.30 9.50 12.60
2016-03-31 306.30 9.30 12.60
2015-12-31 291.50 9.90 12.60
2015-09-30 289.50 14.00 12.30
2015-06-30 291.90 15.20 12.30
2015-03-31 294.60 13.90 12.30
2014-12-31 295.40 14.20 12.30
2014-09-30 296.00 8.30 12.30
2014-06-30 297.40 9.60 12.30
2014-03-31 298.00 12.90 12.30
2013-12-31 300.20 15.00 12.30
2013-09-30 305.70 18.90 11.60
2013-06-30 309.10 21.20 11.60
2013-03-31 313.90 17.90 11.60

*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.
  • Alma Media Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Alma Media Oyj used its assets more efficiently than the FI Media industry average last year based on Return on Assets.
  • Alma Media Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Alma Media 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 Media 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.
Alma Media Oyj has a total score of 5/6, 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.

ALMA Health

 How is Alma Media 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 Alma Media Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alma Media Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alma Media Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alma Media 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.
  • Alma Media 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 Alma Media Oyj Company Filings, last reported 3 months ago.

HLSE:ALMA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 188.30 0.00 46.60
2019-06-30 177.00 0.00 43.20
2019-03-31 169.20 0.00 47.60
2018-12-31 186.80 0.50 49.50
2018-09-30 175.00 48.10 32.10
2018-06-30 161.80 54.10 24.20
2018-03-31 151.70 54.90 26.50
2017-12-31 158.40 5.50 20.70
2017-09-30 154.20 67.60 33.80
2017-06-30 142.50 68.50 24.50
2017-03-31 132.70 69.70 19.70
2016-12-31 138.00 20.90 23.30
2016-09-30 132.90 90.10 21.20
2016-06-30 125.70 89.20 18.20
2016-03-31 120.70 92.60 23.80
2015-12-31 128.30 26.30 14.40
2015-09-30 105.60 76.00 13.10
2015-06-30 102.20 80.60 13.60
2015-03-31 96.80 88.10 16.70
2014-12-31 103.70 14.10 12.20
2014-09-30 99.80 17.30 10.50
2014-06-30 97.10 18.00 13.60
2014-03-31 93.30 19.50 13.90
2013-12-31 88.30 35.20 12.30
2013-09-30 93.00 38.00 11.90
2013-06-30 86.80 43.10 13.70
2013-03-31 79.60 46.50 15.70
  • Alma Media Oyj has no debt.
  • Alma Media Oyj has no debt compared to 5 years ago when it was 12.2%.
  • Alma Media Oyj has no debt, it does not need to be covered by operating cash flow.
  • Alma Media Oyj has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Alma Media 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. Alma Media Oyj has a total score of 4/6, 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.

ALMA Dividends

 What is Alma Media 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
3.96%
Current annual income from Alma Media Oyj dividends. Estimated to be 5.11% next year.
If you bought €2,000 of Alma Media Oyj shares you are expected to receive €79 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?
  • Alma Media Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.11%).
  • Alma Media Oyj's dividend is below the markets top 25% of dividend payers in Finland (4.72%).
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:ALMA 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
Finland Media Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.4%
Finland Market Average Dividend Yield Market Cap Weighted Average of 99 Stocks 4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.1%
Finland Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

HLSE:ALMA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.46 3.00
2020-12-31 0.44 3.00
2020-01-27
2019-12-31 0.41 3.00
HLSE:ALMA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.350 5.300
2018-03-14 0.240 3.650
2017-03-22 0.160 2.444
2016-03-17 0.120 2.733
2015-02-24 0.120 4.023
2015-02-13 0.120 3.964
2014-02-27 0.100 3.474
2014-02-13 0.100 3.321
2013-02-15 0.100 3.125
2012-02-22 0.400 8.119
2012-02-15 0.400 6.496
2011-02-16 0.700 10.442
2010-02-12 0.400 5.535
2009-02-13 0.300 4.980

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Alma Media Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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 Alma Media Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Alma Media Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alma Media 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.

ALMA Management

 What is the CEO of Alma Media 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
Kai Telanne
COMPENSATION €700,000
AGE 55
TENURE AS CEO 14.8 years
CEO Bio

Mr. Kai Telanne, M.Sc. (Econ.), has been the Chief Executive Officer and President at Alma Media Oyj since April 1, 2005. Mr. Telanne serves as Chairman of the Group Executive Committee of Alma Media Oyj. Mr. Telanne served as the President of the publishing company Kustannus Oy Aamulehti from 2001 to 2005. He served as Managing Director at Kustannus Oy Aamulehti from 2001 to 2005.; Managing Director at Kustannus Oy Otsikko from 2000 to 2005; Deputy Managing Director at Kustannus Oy Aamulehti from 2000 to 2001; Marketing Director at Kustannus Oy Aamulehti from 1999 to 2000; Marketing Director at Suomen Paikallissanomat Oy from 1996 to 1999; Marketing Manager at Kustannus Oy Aamulehti from 1993 to 1996; Sales Manager at Kustannus Oy Aamulehti from 1991 to 1993; Research Manager at Kustannus Oy Aamulehti from 1990 to 1991; Product Manager of Nokian Paperi Oy from 1989 to 1990. He has been the Chairperson of Talentum Oyj since 2010 and served as its Deputy Chairperson until 2010. He serves as the Chairman of The Finnish News Agency (STT), and Federation of the Finnish Media Industry. He served as Chairman of Talentum Corporation. He has been the Vice chairman of the Board at Altia Corp. since 2018. He has been an Independent Director at Altia Oyj since April 23, 2016. He has been an Independent Director of Teleste Corporation since April 01, 2008. He serves as a Board Member of The Central Chamber of Commerce of Finland. He serves as Advisory Board Member of Ministry of Transport and Communications, Communications Administration He served as Board Member and Vice Chairman of Varma Mutual Pension Insurance Company.

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

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

8
Average Tenure
56
Average Age
  • The average tenure for the Alma Media Oyj management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kai Telanne

TITLE
CEO & President
COMPENSATION
€700K
AGE
55
TENURE
14.8 yrs

Juha Nuutinen

TITLE
Chief Financial Officer
AGE
47
TENURE
7.2 yrs

Mikko Korttila

TITLE
General Counsel & Secretary
AGE
57
TENURE
11.6 yrs

Elina Kukkonen

TITLE
Communications Director
AGE
49
TENURE
2.3 yrs

Virpi Juvonen

TITLE
Senior Vice President of Human Resources
AGE
56
TENURE
7 yrs

Kari Kivelä

TITLE
Senior Vice President of Consumer
AGE
60
TENURE
15 yrs

Jouko Jokinen

TITLE
Editor-in-Chief of News at Yle
AGE
60

Kari Juutilainen

TITLE
Senior Vice President of Alma Regions
AGE
63
TENURE
8 yrs

Markus Pirttijoki

TITLE
Editor-in-Chief of Kainuun Sanomat
AGE
43
TENURE
6.7 yrs

Olli-Pekka Behm

TITLE
Executive Editor-In-Chief of Satakunnan Kansa
TENURE
14 yrs
Board of Directors Tenure

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

1.8
Average Tenure
50
Average Age
  • The average tenure for the Alma Media Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jorma Ollila

TITLE
Chairman
AGE
69
TENURE
0.8 yrs

Petri Niemisvirta

TITLE
Vice Chairman
AGE
49
TENURE
0.8 yrs

Esa Lager

TITLE
Independent Director
AGE
60
TENURE
7 yrs

Peter Immonen

TITLE
Director
AGE
60
TENURE
1.8 yrs

Catharina Von Stackelberg-Hammarén

TITLE
Independent Director
AGE
49
TENURE
10.8 yrs

Alexander Lindholm

TITLE
Director
AGE
50
TENURE
1.8 yrs

Päivi Rekonen

TITLE
Independent Director
AGE
50
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Alma Media 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. Alma Media 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.

ALMA News

Simply Wall St News

Do Alma Media Oyj's (HEL:ALMA) Earnings Warrant Your Attention?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Alma Media Oyj (HEL:ALMA). … View our latest analysis for Alma Media Oyj Alma Media Oyj's Earnings Per Share Are Growing. … Alma Media Oyj's earnings per share have taken off like a rocket aimed right at the moon.

Simply Wall St -

Introducing Alma Media Oyj (HEL:ALMA), The Stock That Zoomed 115% In The Last Five Years

Long term Alma Media Oyj (HEL:ALMA) shareholders would be well aware of this, since the stock is up 115% in five years. … During five years of share price growth, Alma Media Oyj achieved compound earnings per share (EPS) growth of 31% per year. … HLSE:ALMA Past and Future Earnings, August 2nd 2019 We know that Alma Media Oyj has improved its bottom line over the last three years, but what does the future have in store?

Simply Wall St -

Is Alma Media Oyj (HEL:ALMA) Using Too Much Debt?

HLSE:ALMA Historical Debt, July 23rd 2019 A Look At Alma Media Oyj's Liabilities According to the last reported balance sheet, Alma Media Oyj had liabilities of €108.4m due within 12 months, and liabilities of €101.9m due beyond 12 months. … Because it carries more debt than cash, we think it's worth watching Alma Media Oyj's balance sheet over time. … But it is future earnings, more than anything, that will determine Alma Media Oyj's ability to maintain a healthy balance sheet going forward.

Simply Wall St -

Does The Data Make Alma Media Oyj (HEL:ALMA) An Attractive Investment?

Solid track record established dividend payer ALMA has a strong track record of performance. … HLSE:ALMA Income Statement, July 2nd 2019 Income investors would also be happy to know that ALMA is one of the highest dividend payers in the market, with current dividend yield standing at 6.0%. … HLSE:ALMA Historical Dividend Yield, July 2nd 2019 Next Steps: For Alma Media Oyj, I've compiled three pertinent aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for ALMA’s future growth?

Simply Wall St -

Why I Like Alma Media Oyj (HEL:ALMA)

In the case of ALMA, it is a dependable dividend-paying company with a strong history of performance, trading at a great value. … For those interested in digger a bit deeper into my commentary, take a look at the report on Alma Media Oyj here. … Compared to the rest of the media industry, ALMA is also trading below its peers, relative to earnings generated.

Simply Wall St -

Is Alma Media Oyj (HEL:ALMA) A Great Dividend Stock?

Could Alma Media Oyj (HEL:ALMA) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Alma Media Oyj is a new dividend aristocrat in the making. We'd agree the yield does look enticing. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Looking at the last decade of data, we can see that Alma Media Oyj paid its first dividend at least nine years ago. … We struggle to make a case for buying Alma Media Oyj for its dividend, given that payments have shrunk over the past nine years.

Simply Wall St -

Will Alma Media Oyj's (HEL:ALMA) Earnings Grow In The Year Ahead?

Looking at Alma Media Oyj's (HEL:ALMA) recent earnings update on 31 March 2019, analyst forecasts appear to be pessimistic, with profits predicted to drop by 4.2% next year compared with the past 5-year average growth rate of 32%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … HLSE:ALMA Past and Future Earnings, May 21st 2019 By 2022, ALMA's earnings should reach €42m, from current levels of €42m, resulting in an annual growth rate of 1.3%.

Simply Wall St -

An Intrinsic Calculation For Alma Media Oyj (HEL:ALMA) Suggests It's 46% Undervalued

Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €56.90 €58.47 €59.05 €58.00 €58.50 €58.53 €58.64 €58.82 €59.04 €59.29 Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x2 Analyst x1 Analyst x1 Est @ 0.05% Est @ 0.2% Est @ 0.3% Est @ 0.37% Est @ 0.42% Present Value (€, Millions) Discounted @ 6.79% €53.28 €51.27 €48.49 €44.60 €42.12 €39.46 €37.02 €34.77 €32.68 €30.73 Present Value of 10-year Cash Flow (PVCF)= €414.42m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €59m × (1 + 0.5%) ÷ (6.8% – 0.5%) = €954m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€954m ÷ ( 1 + 6.8%)10 = €494.29m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €908.71m.

Simply Wall St -

Why You Should Like Alma Media Oyj’s (HEL:ALMA) ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Alma Media Oyj (HEL:ALMA) Shareholders Have Enjoyed An Impressive 121% Share Price Gain

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Alma Media Oyj managed to grow its earnings per share at 21% a year.

Simply Wall St -

ALMA Company Info

Description

Alma Media Oyj, a media company, provides digital and publishing services in Finland and internationally. It operates through four reporting segments: Alma Markets, Alma Talent, Alma News & Life, and Alma Regions. The Alma Markets segment offers recruitment services through the Monster.fi, Jobs.cz, Prace.cz, CV Online, Profesia.sk, MojPosao.net, Monster.hu, Monsterpolska.pl, Monster.cz, and Jobote.com sites; housing-related services through the Etuovi.com, Vuokraovi.com, and Urakkamaailma.fi sites; and automotive services through the Autotalli.com, Autosofta, and Alkali sites. This segment operates Gofinland.fi, a travel portal; Nettikoti, which specializes in software for ERP systems in construction and renovation; and Kivi, a real estate agency system. The Alma Talent segment publishes trade and financial media, and books; provides skills development and growth services to professionals and businesses in various fields, such as event and training, and information services. The Alma News & Life segment offers digital and print news, and lifestyle contents. The Alma Regions segment is involved in the print and online publishing of Aamulehti, Satakunnan Kansa, Lapin Kansa/Pohjolan Sanomat, and various local and town papers, as well as printing and distribution activities. The company was founded in 2005 and is headquartered in Helsinki, Finland.

Details
Name: Alma Media Oyj
ALMA
Exchange: HLSE
Founded: 2005
€738,005,180
82,183,205
Website: http://www.almamedia.fi
Address: Alma Media Oyj
Alvar Aallon katu 3C,
Helsinki,
Uusimaa, 00100,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE ALMA Registered Shares OMX Nordic Exchange Helsinki FI EUR 29. Apr 2005
LSE 0DJN Registered Shares London Stock Exchange GB EUR 29. Apr 2005
Number of employees
Current staff
Staff numbers
3,057
Alma Media Oyj employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/27 20:58
End of day share price update: 2020/01/27 00:00
Last estimates confirmation: 2020/01/13
Last earnings filing: 2019/10/23
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.