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Keskisuomalainen Oyj

HLSE:KSLAV
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KSLAV
HLSE
€117M
Market Cap
  1. Home
  2. FI
  3. Media
Company description

Keskisuomalainen Oyj publishes print and online newspapers and magazines in Finland. The last earnings update was 107 days ago. More info.


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KSLAV Share Price and Events
7 Day Returns
1.4%
HLSE:KSLAV
0.9%
FI Media
-0.7%
FI Market
1 Year Returns
22.3%
HLSE:KSLAV
9.8%
FI Media
9.9%
FI Market
KSLAV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keskisuomalainen Oyj (KSLAV) 1.4% 10.8% 8.2% 22.3% 50% 25.6%
FI Media 0.9% 2.4% 5.5% 9.8% 21.6% 110.3%
FI Market -0.7% -2.2% 1.2% 9.9% 11.3% 25.5%
1 Year Return vs Industry and Market
  • KSLAV outperformed the Media industry which returned 9.8% over the past year.
  • KSLAV outperformed the Market in Finland which returned 9.9% over the past year.
Price Volatility
KSLAV
Industry
5yr Volatility vs Market

KSLAV Value

 Is Keskisuomalainen 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 Keskisuomalainen 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 Keskisuomalainen Oyj.

HLSE:KSLAV 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 6.5%
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:KSLAV
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))
= 0.767 (1 + (1- 20%) (64.03%))
1.107
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (1.107 * 5.94%)
6.46%

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

The calculations below outline how an intrinsic value for Keskisuomalainen 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:KSLAV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.46%)
2020 23.89 Est @ 12.46% 22.44
2021 25.96 Est @ 8.69% 22.91
2022 27.53 Est @ 6.05% 22.82
2023 28.69 Est @ 4.2% 22.33
2024 29.52 Est @ 2.91% 21.59
2025 30.12 Est @ 2% 20.68
2026 30.53 Est @ 1.37% 19.69
2027 30.81 Est @ 0.93% 18.67
2028 31.00 Est @ 0.61% 17.64
2029 31.12 Est @ 0.4% 16.64
Present value of next 10 years cash flows €205.00
HLSE:KSLAV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €31.12 × (1 + -0.11%) ÷ (6.46% – -0.11%)
€472.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €472.87 ÷ (1 + 6.46%)10
€252.76
HLSE:KSLAV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €205.00 + €252.76
€457.76
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €457.76 / 10.73
€42.68
HLSE:KSLAV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €42.68
Current discount Discount to share price of €11.25
= -1 x (€11.25 - €42.68) / €42.68
73.6%

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

Current Discount
Amount off the current price Keskisuomalainen Oyj is available for.
Intrinsic value
>50%
Share price is €11.25 vs Future cash flow value of €42.68
Current Discount Checks
For Keskisuomalainen Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Keskisuomalainen Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Keskisuomalainen 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 Keskisuomalainen Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keskisuomalainen Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:KSLAV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.68
HLSE:KSLAV Share Price ** HLSE (2019-12-05) in EUR €11.25
Finland Media Industry PE Ratio Median Figure of 5 Publicly-Listed Media Companies 16.46x
Finland Market PE Ratio Median Figure of 95 Publicly-Listed Companies 19.45x

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

** Primary Listing of Keskisuomalainen Oyj.

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

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

= 11.25 ÷ 0.68

16.46x

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

  • Keskisuomalainen Oyj is good value based on earnings compared to the FI Media industry average.
  • Keskisuomalainen Oyj is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Keskisuomalainen Oyj's expected growth come at a high price?
Raw Data
HLSE:KSLAV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Media Industry PEG Ratio Median Figure of 66 Publicly-Listed Media Companies 1.75x
Finland Market PEG Ratio Median Figure of 83 Publicly-Listed Companies 1.61x

*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 Keskisuomalainen Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Keskisuomalainen Oyj's assets?
Raw Data
HLSE:KSLAV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €7.36
HLSE:KSLAV Share Price * HLSE (2019-12-05) in EUR €11.25
Finland Media Industry PB Ratio Median Figure of 6 Publicly-Listed Media Companies 1.59x
Finland Market PB Ratio Median Figure of 139 Publicly-Listed Companies 2.03x
HLSE:KSLAV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.25 ÷ 7.36

1.53x

* Primary Listing of Keskisuomalainen Oyj.

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

  • Keskisuomalainen Oyj is good value based on assets compared to the FI Media industry average.
X
Value checks
We assess Keskisuomalainen 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. Keskisuomalainen 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.

KSLAV Future Performance

 How is Keskisuomalainen 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 Keskisuomalainen 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
6.5%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keskisuomalainen Oyj expected to grow at an attractive rate?
  • Unable to compare Keskisuomalainen Oyj's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Keskisuomalainen Oyj's earnings growth to the Finland market average as no estimate data is available.
  • Unable to compare Keskisuomalainen Oyj's revenue growth to the Finland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HLSE:KSLAV Future Growth Rates Data Sources
Data Point Source Value (per year)
Finland Media Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
Finland Media Industry Revenue Growth Rate Market Cap Weighted Average 2%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Finland Market Revenue Growth Rate Market Cap Weighted Average 1.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
HLSE:KSLAV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:KSLAV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 195 25 7
2019-03-31 181 19 6
2018-12-31 166 13 6
2018-09-30 167 14 8
2018-06-30 167 14 11
2018-03-31 171 17 13
2017-12-31 174 19 14
2017-09-30 177 19 13
2017-06-30 168 18 11
2017-03-31 162 11 11
2016-12-31 152 12 8
2016-09-30 145 14 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Keskisuomalainen Oyj is high growth as no earnings estimate data is available.
  • Unable to determine if Keskisuomalainen 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:KSLAV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Keskisuomalainen Oyj Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:KSLAV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.68
2019-03-31 0.60
2018-12-31 0.51
2018-09-30 0.78
2018-06-30 1.05
2018-03-31 1.20
2017-12-31 1.35
2017-09-30 1.26
2017-06-30 1.04
2017-03-31 0.99
2016-12-31 0.74
2016-09-30 0.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Keskisuomalainen Oyj will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Keskisuomalainen Oyj is trading at Keskisuomalainen 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. Keskisuomalainen 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 Media companies here
  3. Keskisuomalainen 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 Keskisuomalainen 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.
Keskisuomalainen 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.

KSLAV Past Performance

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

HLSE:KSLAV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 195.09 7.30
2019-03-31 180.59 6.40
2018-12-31 166.09 5.50
2018-09-30 166.73 8.41
2018-06-30 167.36 11.32
2018-03-31 170.71 12.87
2017-12-31 174.06 14.42
2017-09-30 177.26 13.41
2017-06-30 168.33 11.10
2017-03-31 161.93 10.50
2016-12-31 152.03 7.90
2016-09-30 144.80 5.84 4.39
2016-06-30 146.40 6.34 4.39
2016-03-31 147.50 6.84 4.39
2015-12-31 149.80 7.54 4.39
2015-09-30 153.16 8.59 4.57
2015-06-30 154.76 9.19 4.57
2015-03-31 156.36 9.49 4.57
2014-12-31 157.66 8.49 4.57
2014-09-30 159.79 9.51 5.17
2014-06-30 162.39 9.41 5.17
2014-03-31 164.49 5.01 5.17
2013-12-31 149.99 4.61 5.17
2013-09-30 134.45 1.74 3.05
2013-06-30 120.25 2.14 3.05
2013-03-31 104.05 5.44 3.05
2012-12-31 106.25 9.44 3.05

*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.
  • Keskisuomalainen Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keskisuomalainen Oyj used its assets more efficiently than the FI Media industry average last year based on Return on Assets.
  • Keskisuomalainen Oyj has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keskisuomalainen 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.
Keskisuomalainen Oyj has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

KSLAV Health

 How is Keskisuomalainen 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 Keskisuomalainen Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keskisuomalainen Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Keskisuomalainen Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Keskisuomalainen Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x 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 Keskisuomalainen Oyj Company Filings, last reported 5 months ago.

HLSE:KSLAV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 79.40 67.70 37.20
2019-03-31 79.40 67.70 37.20
2018-12-31 79.51 54.15 16.36
2018-09-30 79.51 54.15 16.36
2018-06-30 78.10 60.40 21.80
2018-03-31 78.10 60.40 21.80
2017-12-31 82.57 60.91 23.17
2017-09-30 82.57 60.91 23.17
2017-06-30 75.40 61.80 18.40
2017-03-31 75.40 61.80 18.40
2016-12-31 72.94 66.86 12.76
2016-09-30 69.90 72.20 15.30
2016-06-30 66.80 57.60 12.40
2016-03-31 68.70 66.20 24.80
2015-12-31 67.00 65.87 16.96
2015-09-30 65.50 69.70 16.30
2015-06-30 63.90 68.70 17.80
2015-03-31 65.30 72.50 23.20
2014-12-31 62.71 72.07 14.12
2014-09-30 60.50 75.40 13.60
2014-06-30 57.90 75.50 16.20
2014-03-31 58.70 78.60 23.10
2013-12-31 58.67 78.59 16.36
2013-09-30 58.20 81.90 15.50
2013-06-30 55.10 81.90 17.20
2013-03-31 57.90 80.50 20.30
2012-12-31 58.28 33.89 8.00
  • Keskisuomalainen Oyj's level of debt (85.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (130.3% vs 85.3% today).
  • Debt is well covered by operating cash flow (36.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 66.9x coverage).
X
Financial health checks
We assess Keskisuomalainen 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. Keskisuomalainen Oyj has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

KSLAV Dividends

 What is Keskisuomalainen Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.6%
Current annual income from Keskisuomalainen Oyj dividends.
If you bought €2,000 of Keskisuomalainen Oyj shares you are expected to receive €112 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?
  • Keskisuomalainen Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.21%).
  • Keskisuomalainen Oyj's dividend is above the markets top 25% of dividend payers in Finland (4.92%).
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:KSLAV 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Finland Market Average Dividend Yield Market Cap Weighted Average of 99 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.2%
Finland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

HLSE:KSLAV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.630 6.335
2019-02-20 0.630 6.140
2018-03-29 0.700 6.767
2018-02-21 0.700 6.342
2017-03-31 0.500 5.167
2017-02-22 0.500 5.675
2016-04-01 0.460 6.018
2016-02-23 0.460 5.777
2015-03-27 0.460 5.271
2015-02-18 0.460 4.660
2014-03-28 0.400 4.397
2014-03-20 0.400 4.183
2013-03-26 0.700 6.665
2013-02-20 0.700 5.210
2012-03-29 0.800 5.477
2012-02-22 1.000 6.038
2011-03-30 1.200 6.953
2011-02-23 1.200 6.063
2010-02-25 1.000 5.848
2010-01-04 1.000 6.411
2009-03-30 0.500 3.342

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 Keskisuomalainen Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Keskisuomalainen 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 Keskisuomalainen Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keskisuomalainen 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.

KSLAV Management

 What is the CEO of Keskisuomalainen 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
Vesa-Pekka Kangaskorpi
COMPENSATION €0
AGE 56
TENURE AS CEO 9.9 years
CEO Bio

Mr. Vesa-Pekka Kangaskorpi has been the Chief Executive Officer and Director of Keskisuomalainen Oyj since 2010. Mr. Kangaskorpi has been Member of Supervisory Board at Ilkka Yhtyma Oyj since 2000. He served as a Member of Supervisory Board at Ilkka Yhtyma Oyj from 2000 to 2012. He serves as the Member of the Management Board of Keskisuomalainen Oyj.

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

Vesa-Pekka Kangaskorpi

TITLE
CEO, Member of the Management Board & Director
AGE
56
TENURE
9.9 yrs

Heikki Linnavirta

TITLE
CFO, Director of Accounting & Member of the Management Board
AGE
54
TENURE
14.9 yrs

Kirsi Hakaniemi

TITLE
Chief Digital Officer & Member of the Management Board
AGE
41

Erkki Summanen

TITLE
Business Director & Member of the Management Board
AGE
58

Antti-Pekka Pietilä

TITLE
Member of the Management Board

Pekka Mervola

TITLE
Journalistic Director & Member of the Management Board
AGE
54

Jaakko Lintunen

TITLE
Economical Director & Member of the Management Board
AGE
49
Board of Directors Tenure

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

10.9
Average Tenure
56
Average Age
  • The average tenure for the Keskisuomalainen Oyj board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Antero Vesterinen

TITLE
Chairman of the Board of Directors
AGE
70
TENURE
9.9 yrs

Vesa-Pekka Kangaskorpi

TITLE
CEO, Member of the Management Board & Director
AGE
56
TENURE
9.9 yrs

Leena Hautsalo

TITLE
Vice Chairman
AGE
50
TENURE
7.9 yrs

Jaakko Kurikka

TITLE
Director
AGE
44
TENURE
13.9 yrs

Mikko Paananen

TITLE
Director
AGE
56
TENURE
18.9 yrs

Pekka Haltia

TITLE
Director
AGE
60
TENURE
10.9 yrs

Harri Kautto

TITLE
Director
AGE
48
TENURE
13.9 yrs

Riitta Virtanen

TITLE
Director
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 Keskisuomalainen 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. Keskisuomalainen 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.

KSLAV News

Simply Wall St News

A Look At The Fair Value Of Keskisuomalainen Oyj (HEL:KSLAV)

The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. … Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = €0.63 / (7.9% – 0.5%) = €8.51 HLSE:KSLAV Intrinsic value, August 27th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. … Given that we are looking at Keskisuomalainen Oyj as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.

Simply Wall St -

Is Keskisuomalainen Oyj (HEL:KSLAV) At Risk Of Cutting Its Dividend?

Dividend paying stocks like Keskisuomalainen Oyj (HEL:KSLAV) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … As Keskisuomalainen Oyj's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. … Conclusion To summarise, shareholders should always check that Keskisuomalainen Oyj's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Keskisuomalainen Oyj (HEL:KSLAV)

We'll look at Keskisuomalainen Oyj's (HEL:KSLAV) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Keskisuomalainen Oyj How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Keskisuomalainen Oyj: P/E of 18.5 = €9.5 ÷ €0.51 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

What Can We Learn From Keskisuomalainen Oyj’s (HEL:KSLAV) Investment Returns?

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 Keskisuomalainen Oyj: 0.089 = €12m ÷ (€171m - €39m) (Based on the trailing twelve months to December 2018.) So, Keskisuomalainen Oyj has an ROCE of 8.9%. … Keskisuomalainen Oyj's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

What Kind Of Shareholders Own Keskisuomalainen Oyj (HEL:KSLAV)?

With a market capitalization of €97m, Keskisuomalainen Oyj is a small cap stock, so it might not be well known by many institutional investors. … We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. … Private Company Ownership It seems that Private Companies own 5.0%, of the KSLAV stock.

Simply Wall St -

Investors In Keskisuomalainen Oyj (HEL:KSLAV) Should Consider This, First

Is Keskisuomalainen Oyj (HEL:KSLAV) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … 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

Simply Wall St -

Introducing Keskisuomalainen Oyj (HEL:KSLAV), A Stock That Climbed 52% In The Last Three Years

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 the last three years, Keskisuomalainen Oyj failed to grow earnings per share, which fell 10.0% (annualized). … Interestingly, the dividend has increased over time; so that may have given the share price a boost.

Simply Wall St -

Does Keskisuomalainen Oyj's (HEL:KSLAV) P/E Ratio Signal A Buying Opportunity?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use Keskisuomalainen Oyj's (HEL:KSLAV) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

You Might Like Keskisuomalainen Oyj (HEL:KSLAV) But Do You Like Its Debt?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Here’s What Keskisuomalainen Oyj’s (HEL:KSLAV) Return On Capital Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

KSLAV Company Info

Description

Keskisuomalainen Oyj publishes print and online newspapers and magazines in Finland. The company also provides printing services for magazines, newspapers, direct mail products, attachments, brochures, posters, and books. In addition, it offers marketing and communications services; digital content production solutions, as well as digital media; and research services. The company was founded in 1871 and is based in Jyväskylä, Finland.

Details
Name: Keskisuomalainen Oyj
KSLAV
Exchange: HLSE
Founded: 1871
€117,442,615
10,725,353
Website: http://www.keskisuomalainen.com
Address: Keskisuomalainen Oyj
Aholaidantie 3,
Jyväskylä,
Central Finland, 40320,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE KSLAV Series A Shares OMX Nordic Exchange Helsinki FI EUR 19. Apr 1999
LSE 0F1C Series A Shares London Stock Exchange GB EUR 19. Apr 1999
BATS-CHIXE KSLAVH Series A Shares BATS 'Chi-X Europe' GB EUR 19. Apr 1999
Number of employees
Current staff
Staff numbers
0
Keskisuomalainen Oyj employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 20:48
End of day share price update: 2019/12/05 00:00
Last earnings filing: 2019/08/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.