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Lindex Group
2.86 EUR +0.18%6,609 investors are following this company
Lindex Group operates in the retail industry. The Group manages a number of stores around larger shopping centers and commercial premises located in the Nordic market. The Group is a reseller of several brands and the range consists of shoes and associated accessories. The company is headquartered in Helsinki.
P/E (24e)
15.32
EV/EBIT (adj.) (24e)
13.67
P/B (24e)
1.14
Dividend yield-% (24e)
-
Target price
3.50 EUR
Recommendation
Accumulate
Updated
19.7.2024
NASDAQ Helsinki
LINDEX
Daily low / high price
2.855 / 2.91
EUR
Market cap
462.24M EUR
Turnover
239.11K EUR
Volume
83K
Business risk
Valuation risk
Current
Previous
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Rauli Juva
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Financial calendar
Interim report
25.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Nordic Retail Partners Jv Ky | 15.1 % | 15.1 % |
Varma Mutual Pension Insurance Company | 8.3 % | 8.3 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Susanne Järkbratt Ehnbåge | 31.10.2023 | 21,944EUR |
Björkman Stefan | 27.03.2023 | 2,013,046EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 790.7 | 899.0 | 981.7 | 951.7 | 953.4 | 980.0 | 980.5 | 982.2 |
growth-% | 19,767,400.0 % | 13.7 % | 9.2 % | -3.1 % | 0.2 % | 2.8 % | 0.1 % | 0.2 % |
EBITDA | -252.4 | 185.0 | 258.1 | 176.7 | 164.2 | 195.8 | 198.6 | 201.1 |
EBIT (adj.) | 4.9 | 68.3 | 79.8 | 80.1 | 74.4 | 77.0 | 80.6 | 84.2 |
EBIT | -252.4 | 82.1 | 154.9 | 76.5 | 64.1 | 77.0 | 80.6 | 84.2 |
Profit before taxes | -294.0 | 65.2 | 129.2 | 46.6 | 33.5 | 45.7 | 50.0 | 54.4 |
Net income | -291.6 | 47.9 | 101.7 | 51.7 | 19.9 | 36.1 | 39.5 | 43.0 |
EPS (adj.) | -0.48 | 0.32 | 0.32 | 0.16 | 0.19 | 0.22 | 0.24 | 0.26 |
growth-% | 0.4 % | -50.7 % | 16.7 % | 17.0 % | 9.5 % | 8.8 % | ||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.12 | 0.13 |
Dividend ratio | 41.2 % | 50.2 % | 50.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -31.9 % | 20.6 % | 26.3 % | 18.6 % | 17.2 % | 20.0 % | 20.3 % | 20.5 % |
EBIT-% (adj.) | 0.6 % | 7.6 % | 8.1 % | 8.4 % | 7.8 % | 7.9 % | 8.2 % | 8.6 % |
EBIT-% | -31.9 % | 9.1 % | 15.8 % | 8.0 % | 6.7 % | 7.9 % | 8.2 % | 8.6 % |
ROE | -57.9 % | 20.2 % | 33.7 % | 14.2 % | 4.9 % | 8.4 % | 8.6 % | 8.9 % |
ROI | -22.0 % | 7.6 % | 15.3 % | 7.6 % | 6.1 % | 7.2 % | 7.4 % | 7.6 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 1.16 | 2.16 | 1.97 | 2.90 | 2.86 | 2.86 | 2.86 | 2.86 |
Shares | 72.0 | 154.4 | 155.9 | 158.7 | 165.1 | 165.1 | 165.1 | 165.1 |
Market cap | 83.8 | 333.5 | 307.4 | 460.2 | 472.2 | 472.2 | 472.2 | 472.2 |
Enterprise value | 808.3 | 920.2 | 761.8 | 981.8 | 1,017.3 | 981.1 | 953.4 | 928.5 |
EV/S | 1.0 | 1.0 | 0.8 | 1.0 | 1.1 | 1.0 | 1.0 | 0.9 |
EV/EBITDA | - | 5.0 | 3.0 | 5.6 | 6.2 | 5.0 | 4.8 | 4.6 |
EV/EBIT (adj.) | 165.0 | 13.5 | 9.5 | 12.3 | 13.7 | 12.7 | 11.8 | 11.0 |
EV/EBIT | - | 11.2 | 4.9 | 12.8 | 15.9 | 12.7 | 11.8 | 11.0 |
P/E (adj.) | - | 6.7 | 6.1 | 18.1 | 15.3 | 13.1 | 12.0 | 11.0 |
P/E | - | 5.1 | 3.0 | 9.0 | 23.2 | 13.1 | 12.0 | 11.0 |
P/B | 0.4 | 1.2 | 0.9 | 1.2 | 1.1 | 1.1 | 1.0 | 1.0 |
P/S | 0.1 | 0.4 | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
Dividend yield | 3.2 % | 4.2 % | 4.6 % | |||||
Equity ratio | 14.5 % | 18.9 % | 26.3 % | 30.0 % | 31.8 % | 33.9 % | 35.2 % | 36.2 % |
Gearing ratio | 351.5 % | 218.8 % | 135.4 % | 132.7 % | 132.0 % | 113.3 % | 101.6 % | 91.8 % |
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Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 226.9 | 274.3 | 951.7 | 192.8 | 251.6 | 230.0 | 279.0 | 953.4 | |
EBITDA | 45.2 | 53.5 | 176.7 | 17.8 | 45.0 | 46.2 | 55.2 | 164.2 | |
EBIT | 20.3 | 28.9 | 76.5 | -7.6 | 20.3 | 21.2 | 30.2 | 64.1 | |
Profit before taxes | 13.6 | 20.0 | 46.6 | -14.1 | 12.2 | 13.2 | 22.2 | 33.5 | |
Net income | 8.6 | 9.7 | 51.7 | -15.4 | 7.0 | 10.6 | 17.8 | 19.9 |
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ShowingAll content types
![Lindex Group Q2'24: Instability in the fashion market, but also flashes of light](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/1cfe45ec-743f-40c9-b680-d885edc3df29.png)
![Lindex Group Q2’24 flash comment: Close to expectations, no major news](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/7791cfbc-622c-4c8e-9d70-c1fc2ab11011.png)
Lindex Group Q2’24 flash comment: Close to expectations, no major news
Lindex Group Oyj: Lindex Group's Half-year Financial Report 1 January - 30 June 2024
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![Lindex Group Q2’24 preview: A small cut to revenue guidance ahead of the result](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/b29cb267-e5a5-47a2-bc70-60ea43d2dbfd.png)
Lindex Group Q2’24 preview: A small cut to revenue guidance ahead of the result
Lindex Group Oyj: Inside information, profit warning: Lindex Group lowers its 2024 guidance for the revenue due to volatility of the fashion market, guidance for the adjusted operating result unchanged
Lindex Group Oyj: Publishing of Lindex Group's Half-year Financial Report for January-June 2024
![Lindex Group: Swedish clothing market down 6% in June](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/56c2779a-7f0d-4f57-ae74-643b457fc044.png)
Lindex Group: Swedish clothing market down 6% in June
Lindex Group Oyj: Henrik Henriksson appointed CFO of Lindex Group
Domestic trade progressed well in May
Lindex Group Oyj: New shares of Lindex registered with the Finnish Trade Register
Lindex Group Oyj: Notification of a change in holdings of shares and voting rights under chapter 9, section 10 of the Finnish Securities Market Act
Lindex Group Oyj: Lindex has decided on a directed share issue of 2,599,852 new shares in accordance with its restructuring programme to creditors of confirmed restructuring debts; the Company files listing application
Lindex Group Oyj: Riku Lyly appointed as interim COO of Lindex Group's Stockmann division
![Lindex Group: Swedish clothing market grew by 5% in May](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/cbc4c70f-7916-4ed3-a0d7-7df4be4bb367.png)
Lindex Group: Swedish clothing market grew by 5% in May
Finnish trade sales down in April
Lindex Group Oyj: Change in Group Management Team of Lindex Group plc
![Lindex Group: Swedish clothing market remained at the level of the comparison period in April](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/b2a54f8f-caa3-4742-8a70-8170ab580cf2.png)
Lindex Group: Swedish clothing market remained at the level of the comparison period in April
Finnish trade continued to grow in March, driven by food products
The end of the restructuring is approaching
![Lindex Group Oyj, Q1, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/ee296bf1-69fc-46f2-9402-e0ab582eb4a0.png)