Kesko
17.33 EUR +0.14%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.
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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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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 10,669.2 | 11,300.2 | 11,808.9 | 11,783.9 | 11,793.8 | 12,694.5 | 13,122.4 | 13,384.9 |
growth-% | -0.5 % | 5.9 % | 4.5 % | -0.2 % | 0.1 % | 7.6 % | 3.4 % | 2.0 % |
EBITDA | 1,096.0 | 1,275.2 | 1,322.1 | 1,231.2 | 1,244.1 | 1,329.3 | 1,394.7 | 1,444.7 |
EBIT (adj.) | 567.5 | 775.5 | 815.1 | 710.4 | 668.1 | 747.3 | 802.4 | 843.8 |
EBIT | 600.0 | 775.2 | 816.5 | 707.3 | 668.1 | 747.3 | 802.4 | 843.8 |
Profit before taxes | 527.5 | 712.9 | 761.1 | 625.1 | 571.7 | 646.5 | 709.1 | 759.2 |
Net income | 433.2 | 571.8 | 609.9 | 507.3 | 457.3 | 517.2 | 567.2 | 607.4 |
EPS (adj.) | 0.97 | 1.44 | 1.53 | 1.28 | 1.15 | 1.30 | 1.43 | 1.53 |
growth-% | 31.4 % | 47.9 % | 6.4 % | -16.3 % | -10.4 % | 13.1 % | 9.7 % | 7.1 % |
Dividend | 0.75 | 1.06 | 1.08 | 1.00 | 0.80 | 0.98 | 1.07 | 1.15 |
Dividend ratio | 68.6 % | 73.6 % | 70.1 % | 78.4 % | 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 % | 10.5 % | 10.5 % | 10.6 % | 10.8 % |
EBIT-% (adj.) | 5.3 % | 6.9 % | 6.9 % | 6.0 % | 5.7 % | 5.9 % | 6.1 % | 6.3 % |
EBIT-% | 5.6 % | 6.9 % | 6.9 % | 6.0 % | 5.7 % | 5.9 % | 6.1 % | 6.3 % |
ROE | 20.6 % | 24.2 % | 23.1 % | 18.4 % | 16.4 % | 17.7 % | 18.3 % | 18.5 % |
ROI | 12.3 % | 16.1 % | 16.4 % | 13.2 % | 11.8 % | 12.6 % | 13.2 % | 13.7 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 21.04 | 29.34 | 20.62 | 17.93 | 17.33 | 17.33 | 17.33 | 17.33 |
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 | 6,893.3 | 6,893.3 | 6,893.3 | 6,893.3 |
Enterprise value | 10,636.2 | 13,581.1 | 10,290.9 | 9,689.7 | 9,684.6 | 9,641.4 | 9,574.7 | 9,443.0 |
EV/S | 1.0 | 1.2 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 |
EV/EBITDA | 9.7 | 10.7 | 7.8 | 7.9 | 7.8 | 7.3 | 6.9 | 6.5 |
EV/EBIT (adj.) | 18.7 | 17.5 | 12.6 | 13.6 | 14.5 | 12.9 | 11.9 | 11.2 |
EV/EBIT | 17.7 | 17.5 | 12.6 | 13.7 | 14.5 | 12.9 | 11.9 | 11.2 |
P/E (adj.) | 21.6 | 20.4 | 13.5 | 14.0 | 15.1 | 13.3 | 12.2 | 11.3 |
P/E | 19.3 | 20.4 | 13.4 | 14.1 | 15.1 | 13.3 | 12.2 | 11.3 |
P/B | 3.8 | 4.6 | 3.0 | 2.6 | 2.4 | 2.3 | 2.2 | 2.0 |
P/S | 0.8 | 1.0 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 |
Dividend yield | 3.6 % | 3.6 % | 5.2 % | 5.6 % | 4.6 % | 5.6 % | 6.2 % | 6.6 % |
Equity ratio | 33.0 % | 36.3 % | 36.7 % | 35.6 % | 35.2 % | 36.1 % | 37.4 % | 39.1 % |
Gearing ratio | 105.5 % | 76.4 % | 76.7 % | 92.8 % | 99.1 % | 91.1 % | 83.9 % | 75.5 % |
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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 | 2,790.8 | 3,066.5 | 2,985.6 | 2,950.8 |
EBITDA | 251.4 | 337.9 | 330.1 | 311.8 | 1,231.2 | 271.7 | 329.0 | 334.1 | 309.1 |
EBIT | 122.5 | 206.2 | 208.1 | 170.5 | 707.3 | 127.7 | 185.0 | 190.1 | 165.1 |
Profit before taxes | 104.7 | 187.5 | 187.9 | 145.0 | 625.1 | 103.8 | 160.6 | 165.9 | 141.3 |
Net income | 83.8 | 150.0 | 149.9 | 123.6 | 507.3 | 83.1 | 128.4 | 132.7 | 113.1 |
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K-ryhmä: Decisions of the organisational meeting of Kesko Corporation's Board of Directors
K-ryhmä: Resolutions of Kesko Corporation's Annual General Meeting
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