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Kesko
15.795 EUR -6.09%13,904 investors are following this company
Kesko is active in the retail industry. The company offers services primarily focused on the food, construction and technology industries. The greatest competence is found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of the operations are located in the Nordic and Baltic markets. The head office is located in Helsinki.
P/E (24e)
13.75
EV/EBIT (adj.) (24e)
13.6
P/B (24e)
2.24
Dividend yield-% (24e)
5.09 %
Target price
18.00 EUR
Recommendation
Accumulate
Updated
16.4.2024
NASDAQ Helsinki
KESKOB
Daily low / high price
15.715 / 16.405
EUR
Market cap
6.32B EUR
Turnover
18.49M EUR
Volume
1.2M
Business risk
Valuation risk
Current
Previous
Analyst
Arttu Heikura
Analyst
Latest videos
Financial calendar
Interim report
25.04.2024
Quarterly dividend
15.07.2024
Interim report
23.07.2024
Quarterly dividend
14.10.2024
Interim report
30.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
K-retailers´ Association | 5.3 % | 13.7 % |
Ilmarinen Mutual Pension Insurance Company | 3.5 % | 3.5 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Erlund | 16.02.2024 | 7,614EUR |
Jukka Erlund | 16.02.2024 | 178,641EUR |
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Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 10,669.2 | 11,300.2 | 11,808.9 | 11,783.9 | 11,984.0 | 12,927.3 | 13,558.5 | 13,955.5 |
growth-% | -0.5 % | 5.9 % | 4.5 % | -0.2 % | 1.7 % | 7.9 % | 4.9 % | 2.9 % |
EBITDA | 1,096.0 | 1,275.2 | 1,322.1 | 1,231.2 | 1,243.6 | 1,352.0 | 1,443.1 | 1,471.5 |
EBIT (adj.) | 567.5 | 775.5 | 815.1 | 710.4 | 667.6 | 746.4 | 821.3 | 840.3 |
EBIT | 600.0 | 775.2 | 816.5 | 707.3 | 667.6 | 746.4 | 821.3 | 840.3 |
Profit before taxes | 527.5 | 712.9 | 761.1 | 625.1 | 571.0 | 645.8 | 729.0 | 757.5 |
Net income | 433.2 | 571.8 | 609.9 | 507.3 | 456.8 | 516.6 | 583.2 | 606.0 |
EPS (adj.) | 0.97 | 1.44 | 1.53 | 1.28 | 1.15 | 1.30 | 1.47 | 1.52 |
growth-% | 31.4 % | 47.9 % | 6.4 % | -16.3 % | -10.5 % | 13.1 % | 12.9 % | 3.9 % |
Dividend | 0.75 | 1.06 | 1.08 | 1.02 | 0.80 | 0.97 | 1.10 | 1.14 |
Dividend ratio | 68.6 % | 73.6 % | 70.1 % | 80.0 % | 70.0 % | 75.0 % | 75.0 % | 75.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 10.3 % | 11.3 % | 11.2 % | 10.4 % | 10.4 % | 10.5 % | 10.6 % | 10.5 % |
EBIT-% (adj.) | 5.3 % | 6.9 % | 6.9 % | 6.0 % | 5.6 % | 5.8 % | 6.1 % | 6.0 % |
EBIT-% | 5.6 % | 6.9 % | 6.9 % | 6.0 % | 5.6 % | 5.8 % | 6.1 % | 6.0 % |
ROE | 20.6 % | 24.2 % | 23.1 % | 18.4 % | 16.4 % | 17.8 % | 18.8 % | 18.4 % |
ROI | 12.3 % | 16.1 % | 16.4 % | 13.2 % | 11.8 % | 12.7 % | 13.6 % | 13.8 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 21.04 | 29.34 | 20.62 | 17.93 | 15.80 | 15.80 | 15.80 | 15.80 |
Shares | 396.4 | 397.0 | 397.0 | 397.8 | 397.8 | 397.8 | 397.8 | 397.8 |
Market cap | 8,340.3 | 11,648.9 | 8,186.8 | 7,130.0 | 6,282.8 | 6,282.8 | 6,282.8 | 6,282.8 |
Enterprise value | 10,636.2 | 13,581.1 | 10,290.9 | 9,689.7 | 9,077.6 | 9,012.1 | 8,904.1 | 8,758.7 |
EV/S | 1.0 | 1.2 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 |
EV/EBITDA | 9.7 | 10.7 | 7.8 | 7.9 | 7.3 | 6.7 | 6.2 | 6.0 |
EV/EBIT (adj.) | 18.7 | 17.5 | 12.6 | 13.6 | 13.6 | 12.1 | 10.8 | 10.4 |
EV/EBIT | 17.7 | 17.5 | 12.6 | 13.7 | 13.6 | 12.1 | 10.8 | 10.4 |
P/E (adj.) | 21.6 | 20.4 | 13.5 | 14.0 | 13.8 | 12.2 | 10.8 | 10.4 |
P/E | 19.3 | 20.4 | 13.4 | 14.1 | 13.8 | 12.2 | 10.8 | 10.4 |
P/B | 3.8 | 4.6 | 3.0 | 2.6 | 2.2 | 2.1 | 2.0 | 1.9 |
P/S | 0.8 | 1.0 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 |
Dividend yield | 3.6 % | 3.6 % | 5.2 % | 5.7 % | 5.1 % | 6.2 % | 7.0 % | 7.2 % |
Equity ratio | 33.0 % | 36.3 % | 36.7 % | 35.6 % | 34.9 % | 36.0 % | 37.4 % | 38.9 % |
Gearing ratio | 105.5 % | 76.4 % | 76.7 % | 92.8 % | 99.5 % | 90.8 % | 81.9 % | 73.5 % |
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Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2,828.0 | 3,104.7 | 2,949.2 | 2,902.0 | 11,783.9 | 2,759.9 | 3,200.9 | 3,037.7 | 2,985.5 |
EBITDA | 251.4 | 337.9 | 330.1 | 311.8 | 1,231.2 | 261.2 | 336.2 | 332.7 | 313.5 |
EBIT | 122.5 | 206.2 | 208.1 | 170.5 | 707.3 | 117.2 | 192.2 | 188.7 | 169.5 |
Profit before taxes | 104.7 | 187.5 | 187.9 | 145.0 | 625.1 | 93.3 | 167.7 | 164.5 | 145.6 |
Net income | 83.8 | 150.0 | 149.9 | 123.6 | 507.3 | 74.6 | 134.1 | 131.6 | 116.5 |
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ShowingAll content types
K-ryhmä: Kesko Corporation to transfer own shares held by the company as treasury shares
K-ryhmä: Kesko's interim report 1 Jan. - 31 March 2024: A good result in a challenging market
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