Log in to your Inderes Free account to see all free content on this page.
Create account

Tulikivi

0.57 EUR

-1.38 %

4,206 following
Corporate customer

TULAV

NASDAQ Helsinki

Home Products

Consumer Goods & Services

-1.38 %
+18.75 %
-2.73 %
+15.62 %
+31.94 %
+16.56 %
+0.53 %
+82.69 %
+41.21 %

Tulikivi is a manufacturer of wood-burning stoves. The product range is wide and includes stoves made of soapstone. In addition to the main business, the company also offers sauna heaters adapted for both electric and wood-fired saunas, as well as interior stones for kitchens, bathrooms and saunas. The largest operations are in the Nordic region, where the products are sold through external retailers. The head office is located in Juuka.

Read more
Market cap
34.13M EUR
Turnover
155.05 EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Sell
Target price
Updated
09.03.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
8.5.
2026

Interim report Q1'26

14.8.
2026

Interim report Q2'26

6.11.
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types

Join Inderes community

Don't miss out - create an account and get all the possible benefits

FREE account
Stock market's most popular morning newsletter
Analyst comments and recommendations
Stock comparison tool
PREMIUM account
All company reports and content
Premium tools (e.g. insider transactions & stock screener)
Model portfolio
Create account
Forum discussions
@Thomas_Westerholm great success with the sell recommendation. I don’t give out praise too often, but now it’s well-deserved. You’ve been on the reduce/sell side for a long time anyway. In my opinion, one of Inderes’ most impressive successes in recommendations in recent years.
2/23/2026, 11:26 PM
by Blackparta
18
Thanks @ Blackparta, this really warmed my heart ahead of the earnings season! I must admit I’m pleased with my own track record with Tulikivi (dangerous to say that out loud, as things often go south immediately after). The only dull thing about succeeding with a negative recommendation...
3/3/2026, 9:09 AM
by Thomas Westerholm
10
Here is a story from Yle about Tulikivi and its operations in Russia Summary of the story Yle’s investigation reveals that since 2023, Tulikivi has wiped almost all mentions of Russia from its investor communications. At the same time, however, Russia has still been a significant...
1/29/2026, 12:08 PM
by Sijoittaja-alokas
5
Tulikivi and a late-night profit warning TULIKIVI OYJ INSIDE INFORMATION FEBRUARY 23, 2026 AT 10:30 PM Tulikivi lowers its profit guidance for 2025: Net sales are estimated to be approximately EUR 29.5 million and comparable operating profit is estimated to be approximately EUR -...
2/23/2026, 9:12 PM
by Sijoittaja-alokas
4
Isn’t this reporting a bit premature? The next steps before the permit decision is made are: Statement from the ELY Centre. The application and EIA report are made available for public inspection. At least the application has not been made public yet. I would assume Nordic Talc Oy...
1/17/2026, 7:39 PM
by Jopinaattori
4
750,000 Tulikivi shares just changed hands in a single trade at a price of 0.573 euros. The buyer is likely Mikko Laakkonen. The company has 12 shareholders who own more than 750,000 shares.
1/20/2026, 9:00 AM
by Jopinaattori
3
Here is Thomas’s pre-report on Tulikivi with negative tones. Tulikivi will publish its Q4 report on Friday, March 6, 2026. Following yesterday’s profit warning, expectations for the final quarter of the year have decreased significantly, and 2025 was a disappointment compared to ...
2/25/2026, 6:19 AM
by Sijoittaja-alokas
2
Read more on our forum
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.