Financials Vincit Oyj

Equities

VINCIT

FI4000185533

IT Services & Consulting

Market Closed - Nasdaq Helsinki 11:23:56 2024-05-23 am EDT 5-day change 1st Jan Change
2.81 EUR +1.08% Intraday chart for Vincit Oyj -1.40% -13.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 60.39 87.25 99.36 68.27 53.48 46.53 - -
Enterprise Value (EV) 1 60.39 87.25 99.36 68.27 41.43 34.93 33.83 46.53
P/E ratio - 19.9 x 27.7 x -208 x -19 x -281 x 35.1 x 21.6 x
Yield 2.8% 2.51% 2.49% 3.61% 3.1% 5.34% 6.05% 7.12%
Capitalization / Revenue 1.25 x 1.67 x 1.62 x 0.81 x 0.55 x 0.51 x 0.48 x 0.45 x
EV / Revenue 1.25 x 1.67 x 1.62 x 0.81 x 0.42 x 0.39 x 0.35 x 0.45 x
EV / EBITDA 14 x 10.7 x - - 21.1 x 6.85 x 5.13 x 5.89 x
EV / FCF - 11.1 x - - 9.75 x 26.9 x 8.9 x 9.69 x
FCF Yield - 8.98% - - 10.3% 3.72% 11.2% 10.3%
Price to Book - - - - 1.48 x 1.36 x 1.41 x -
Nbr of stocks (in thousands) 12,079 12,152 12,388 16,412 16,558 16,558 - -
Reference price 2 5.000 7.180 8.020 4.160 3.230 2.810 2.810 2.810
Announcement Date 2/6/20 2/4/21 2/3/22 2/28/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 48.21 52.36 61.51 84.79 98.08 90.6 96.4 104
EBITDA 1 4.325 8.166 - - 1.968 5.1 6.6 7.9
EBIT 1 3.453 7.58 5.905 3.136 3.376 4.2 5.8 7
Operating Margin 7.16% 14.48% 9.6% 3.7% 3.44% 4.64% 6.02% 6.73%
Earnings before Tax (EBT) 1 - 5.788 4.827 0.247 -2.463 1.1 2.8 4
Net income 1 - 4.367 - - -2.853 -0.1 1.3 2.2
Net margin - 8.34% - - -2.91% -0.11% 1.35% 2.12%
EPS 2 - 0.3600 0.2900 -0.0200 -0.1700 -0.0100 0.0800 0.1300
Free Cash Flow 1 - 7.839 - - 4.249 1.3 3.8 4.8
FCF margin - 14.97% - - 4.33% 1.43% 3.94% 4.62%
FCF Conversion (EBITDA) - 96% - - 215.9% 25.49% 57.58% 60.76%
FCF Conversion (Net income) - 179.51% - - - - 292.31% 218.18%
Dividend per Share 2 0.1400 0.1800 0.2000 0.1500 0.1000 0.1500 0.1700 0.2000
Announcement Date 2/6/20 2/4/21 2/3/22 2/28/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q1 2022 S1 2022 S2 2023 Q1 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 23.6 26.74 25.61 30.71 30.8 17.5 35.8 48.99 27.8 52.8 45.28 45.4 45.2
EBITDA 2.188 3.623 4.544 - - - - - - 2.339 -0.371 1.9 3.3
EBIT 1 1.703 3.335 4.245 3.514 2.392 1.8 2.64 0.496 2.4 2.153 1.223 1.4 2.8
Operating Margin 7.22% 12.47% 16.57% 11.44% 7.77% 10.29% 7.37% 1.01% 8.63% 4.08% 2.7% 3.08% 6.19%
Earnings before Tax (EBT) - - 3.331 2.625 2.202 - 1.797 -1.55 - 0.136 -2.599 - 1.2
Net income - 1.672 2.695 - - - - - - -0.284 -2.569 -0.5 0.4
Net margin - 6.25% 10.52% - - - - - - -0.54% -5.67% -1.1% 0.88%
EPS 0.0400 0.1400 0.2200 0.1700 0.1300 - 0.1000 -0.0900 - -0.0200 -0.1600 -0.0300 0.0300
Dividend per Share - - - - 0.2000 - - - - - - - -
Announcement Date 2/6/20 8/27/20 2/4/21 7/29/21 2/3/22 4/28/22 8/25/22 2/28/23 4/27/23 7/27/23 2/22/24 - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 12.1 11.6 12.7 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 7.84 - - 4.25 1.3 3.8 4.8
ROE (net income / shareholders' equity) - - - - -7.5% -0.2% 3.8% -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - - - - 2.180 2.070 2.000 -
Cash Flow per Share 2 - 0.6600 - - 0.3100 0.0600 0.3200 -
Capex 1 - 0.22 - - 1.01 1.2 1.5 1.5
Capex / Sales - 0.41% - - 1.03% 1.32% 1.56% 1.44%
Announcement Date 2/6/20 2/4/21 2/3/22 2/28/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
2.81 EUR
Average target price
3.1 EUR
Spread / Average Target
+10.32%
Consensus