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Honkarakenne Oyj

BATS-CHIXE:HONBSH
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HONBSH
BATS-CHIXE
€18M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Honkarakenne Oyj designs, manufactures, and sells log and solid wood building packages. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Honkarakenne Oyj has significant price volatility in the past 3 months.
HONBSH Share Price and Events
7 Day Returns
7.1%
BATS-CHIXE:HONBSH
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
30%
BATS-CHIXE:HONBSH
-21%
GB Consumer Durables
-21.8%
GB Market
HONBSH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Honkarakenne Oyj (HONBSH) 7.1% 2.7% -28.7% 30% - -
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • HONBSH outperformed the Consumer Durables industry which returned -21% over the past year.
  • HONBSH outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
HONBSH
Industry
5yr Volatility vs Market
Related Companies

HONBSH Value

 Is Honkarakenne 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 Honkarakenne 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 Honkarakenne Oyj.

BATS-CHIXE:HONBSH 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 7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:HONBSH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.9%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 20%) (29.64%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.091 * 5.94%)
7.01%

Discounted Cash Flow Calculation for BATS-CHIXE:HONBSH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Honkarakenne 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.

BATS-CHIXE:HONBSH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.01%)
2020 4.00 Est @ 20.03% 3.74
2021 4.57 Est @ 14.18% 3.99
2022 5.03 Est @ 10.08% 4.10
2023 5.39 Est @ 7.22% 4.11
2024 5.67 Est @ 5.21% 4.04
2025 5.89 Est @ 3.81% 3.92
2026 6.05 Est @ 2.82% 3.77
2027 6.18 Est @ 2.14% 3.59
2028 6.28 Est @ 1.65% 3.41
2029 6.37 Est @ 1.32% 3.23
Present value of next 10 years cash flows €37.00
BATS-CHIXE:HONBSH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €6.37 × (1 + 0.53%) ÷ (7.01% – 0.53%)
€98.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €98.74 ÷ (1 + 7.01%)10
€50.14
BATS-CHIXE:HONBSH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €37.00 + €50.14
€87.14
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €87.14 / 5.85
€14.9
BATS-CHIXE:HONBSH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:HONBSH represents 0.95283x of HLSE:HONBS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95283x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 14.90 x 0.95283
€14.20
Value per share (EUR) From above. €14.20
Current discount Discount to share price of €3.03
= -1 x (€3.03 - €14.20) / €14.20
78.7%

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

Current Discount
Amount off the current price Honkarakenne Oyj is available for.
Intrinsic value
>50%
Share price is €3.03 vs Future cash flow value of €14.2
Current Discount Checks
For Honkarakenne Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Honkarakenne Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Honkarakenne 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 Honkarakenne Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Honkarakenne Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:HONBSH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.40
HLSE:HONBS Share Price ** HLSE (2020-04-07) in EUR €3.18
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Honkarakenne Oyj.

BATS-CHIXE:HONBSH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.18 ÷ 0.40

8.01x

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

  • Honkarakenne Oyj is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • Honkarakenne Oyj is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Honkarakenne Oyj's expected growth come at a high price?
Raw Data
BATS-CHIXE:HONBSH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*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 Honkarakenne Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Honkarakenne Oyj's assets?
Raw Data
BATS-CHIXE:HONBSH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.14
HLSE:HONBS Share Price * HLSE (2020-04-07) in EUR €3.18
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:HONBSH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.18 ÷ 2.14

1.48x

* Primary Listing of Honkarakenne Oyj.

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

  • Honkarakenne Oyj is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Honkarakenne 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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Honkarakenne 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.

HONBSH Future Performance

 How is Honkarakenne 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 Honkarakenne 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
3%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Honkarakenne Oyj expected to grow at an attractive rate?
  • Unable to compare Honkarakenne Oyj's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Honkarakenne Oyj's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Honkarakenne Oyj's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:HONBSH Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland 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
BATS-CHIXE:HONBSH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BATS-CHIXE:HONBSH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 48 5 2
2019-09-30 49 5 2
2019-06-30 51 4 3
2019-03-31 50 4 2
2018-12-31 49 4 1
2018-09-30 47 5 1
2018-06-30 46 6 0
2018-03-31 45 5 1
2017-12-31 44 3 1
2017-09-30 41 1 1
2017-06-30 39 -1 1
2017-03-31 40 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Honkarakenne Oyj is high growth as no earnings estimate data is available.
  • Unable to determine if Honkarakenne 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
BATS-CHIXE:HONBSH 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 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:HONBSH Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.40
2019-09-30 0.43
2019-06-30 0.46
2019-03-31 0.33
2018-12-31 0.20
2018-09-30 0.13
2018-06-30 0.06
2018-03-31 0.10
2017-12-31 0.15
2017-09-30 0.12
2017-06-30 0.13
2017-03-31 0.04

*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 Honkarakenne Oyj will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Honkarakenne Oyj is trading at Honkarakenne 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. Honkarakenne 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 Consumer Durables companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Honkarakenne 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Honkarakenne 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.

HONBSH Past Performance

  How has Honkarakenne 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 Honkarakenne Oyj's growth in the last year to its industry (Consumer Durables).
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.
  • Honkarakenne Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Honkarakenne Oyj's 1-year earnings growth exceeds its 5-year average (97.4% vs 68.6%)
  • Honkarakenne Oyj's earnings growth has exceeded the GB Consumer Durables industry average in the past year (97.4% vs -9%).
Earnings and Revenue History
Honkarakenne 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 Honkarakenne Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HONBSH 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 47.55 2.32 8.28
2019-09-30 49.22 2.50 8.55
2019-06-30 50.88 2.68 8.82
2019-03-31 49.93 1.93 8.62
2018-12-31 48.98 1.18 8.42
2018-09-30 47.27 0.76 7.87
2018-06-30 45.56 0.34 7.32
2018-03-31 44.61 0.59 7.12
2017-12-31 43.66 0.84 6.92
2017-09-30 41.06 0.64 7.65
2017-06-30 39.48 0.67 7.39
2017-03-31 40.43 0.22 7.79
2016-12-31 36.08 -1.43 7.59
2016-09-30 35.72 -2.00 7.84
2016-06-30 36.02 -2.70 8.14
2016-03-31 37.92 -1.40 7.84
2015-12-31 39.12 -1.10 8.54
2015-09-30 40.72 -1.24 8.92
2015-06-30 42.62 -0.84 9.12
2015-03-31 42.42 -2.54 9.62
2014-12-31 45.52 -1.94 9.42
2014-09-30 51.11 -2.05 10.89
2014-06-30 50.11 -2.25 11.29
2014-03-31 50.01 -1.55 11.59
2013-12-31 48.41 -1.55 11.99
2013-09-30 45.65 -4.33 13.59
2013-06-30 45.45 -4.33 13.79

*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.
  • Honkarakenne Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Honkarakenne Oyj used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Honkarakenne Oyj has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Honkarakenne 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 Consumer Durables 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.
Honkarakenne 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.

HONBSH Health

 How is Honkarakenne 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 Honkarakenne Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Honkarakenne Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Honkarakenne Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Honkarakenne 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 covered by short term assets, assets are 4.2x 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 Honkarakenne Oyj Company Filings, last reported 3 months ago.

BATS-CHIXE:HONBSH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12.54 3.34 7.05
2019-09-30 12.54 3.34 7.05
2019-06-30 10.70 3.80 3.10
2019-03-31 10.70 3.80 3.10
2018-12-31 10.13 1.79 4.12
2018-09-30 10.13 1.79 4.12
2018-06-30 8.00 2.40 3.00
2018-03-31 8.00 2.40 3.00
2017-12-31 8.96 3.58 3.14
2017-09-30 8.96 3.58 3.14
2017-06-30 7.70 6.70 2.50
2017-03-31 7.70 6.70 2.50
2016-12-31 6.68 5.47 0.39
2016-09-30 6.40 5.60 0.40
2016-06-30 5.70 5.30 0.40
2016-03-31 6.10 8.40 0.50
2015-12-31 7.99 7.77 1.12
2015-09-30 8.00 8.20 1.10
2015-06-30 7.90 9.60 0.90
2015-03-31 7.50 10.00 1.20
2014-12-31 8.92 9.39 0.98
2014-09-30 9.20 9.20 1.30
2014-06-30 8.90 7.80 1.20
2014-03-31 9.90 10.10 1.40
2013-12-31 10.78 9.56 3.24
2013-09-30 11.20 8.20 4.30
2013-06-30 11.20 7.70 2.20
  • Honkarakenne Oyj's level of debt (26.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (105.5% vs 26.7% today).
  • Debt is well covered by operating cash flow (149.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.4x coverage).
X
Financial health checks
We assess Honkarakenne 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. Honkarakenne Oyj has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

HONBSH Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Honkarakenne Oyj dividends.
If you bought €2,000 of Honkarakenne Oyj shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Honkarakenne Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Honkarakenne Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:HONBSH 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
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:HONBSH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2013-03-08 0.080 2.942
2013-02-14 0.080 3.466
2012-11-08 0.000 0.000
2012-08-09 0.000 0.000
2012-05-10 0.000 0.000
2012-03-09 0.000 0.000
2012-02-15 0.000 0.000
2011-04-01 0.100 2.524
2009-11-12 0.000 0.000
2009-08-20 0.000 0.000
2009-05-20 0.000 0.000

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

  • Unable to perform a dividend volatility check as Honkarakenne Oyj has not reported any payouts.
  • Unable to verify if Honkarakenne Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Honkarakenne Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Honkarakenne Oyj has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Honkarakenne 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 Honkarakenne Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Honkarakenne Oyj has a total score of 0/6, see the detailed checks below.


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

HONBSH Management

 What is the CEO of Honkarakenne 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
Marko Saarelainen
COMPENSATION €112,000
AGE 52
TENURE AS CEO 4.8 years
CEO Bio

Mr. Marko Saarelainen has been the Chief Executive Officer and President of Honkarakenne Oyj since June 2015. Mr. Saarelainen served as the President of Honka Japan Inc., a subsidiary of Honkarakenne Oyj and serves as Team Leader of Far East of Honkarakenne Oyj. Mr. Saarelainen served as a Director of Honkarakenne Oyj since April 2009. He served as a Director of Honkarakenne Oyj.

CEO Compensation
  • Insufficient data for Marko to compare compensation growth.
  • Marko's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

3.9
Average Tenure
52
Average Age
  • The tenure for the Honkarakenne Oyj management team is about average.
Management Team

Marko Saarelainen

TITLE
CEO & President
COMPENSATION
€112K
AGE
52
TENURE
4.8 yrs

Viljo Saarelainen

TITLE
Co-Founder

Leena Aalto

TITLE
CFO & VP of Finance
AGE
53
TENURE
3 yrs

Sanna Huovinen

TITLE
Vice President of Marketing
AGE
41
TENURE
0.3 yrs

Jorma Ruuska

TITLE
Head of Karstula Factory

Antti Unkuri

TITLE
Vice President of Business Control
TENURE
16.4 yrs
Board of Directors Tenure

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

3
Average Tenure
58
Average Age
  • The tenure for the Honkarakenne Oyj board of directors is about average.
Board of Directors

Arimo Ristola

TITLE
Chairman of the Board
AGE
73
TENURE
3.3 yrs

Helena Ruponen

TITLE
Director
AGE
58

Kari Saarelainen

TITLE
Director
AGE
57

Timo Kohtamäki

TITLE
Independent Director
AGE
56
TENURE
3 yrs

Kyösti Saarimäki

TITLE
Independent Director
AGE
69
TENURE
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 (€)
X
Management checks
We assess Honkarakenne 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. Honkarakenne 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.

HONBSH News

Simply Wall St News

HONBSH Company Info

Description

Honkarakenne Oyj designs, manufactures, and sells log and solid wood building packages. It offers contemporary homes, log cabins and holiday lodges, and traditional and custom log homes, as well as commercial developments, such as hotels, restaurants, schools, day care centres, clinics, and holiday villages. The company sells its houses under the Honka brand name in Finland, Russia, Azerbaijan, Kazakhstan, other CIS countries, and internationally. Honkarakenne Oyj was founded in 1958 and is headquartered in Karstula, Finland.

Details
Name: Honkarakenne Oyj
HONBSH
Exchange: BATS-CHIXE
Founded: 1958
€17,541,102
5,847,034
Website: http://www.honka.com
Address: Honkarakenne Oyj
Hongantie 41,
Karstula,
Central Finland, 43500,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE HONBS Series B Shares OMX Nordic Exchange Helsinki FI EUR 02. Jan 1992
LSE 0EPR Series B Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE HONBSH Series B Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
158
Honkarakenne Oyj employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:44
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/04/03
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.