Nokian Tyres
8.876 EUR +0.77%Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
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Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 10.1 % | 10.1 % |
Varma Mutual Pension Insurance Company | 3.1 % | 3.1 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Hienonen | 30.11.2023 | 98,020EUR |
Jouko Pölönen | 03.11.2023 | 3,919EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,313.7 | 1,714.2 | 1,776.1 | 1,173.6 | 1,419.8 | 1,546.4 | 1,717.4 | 1,854.1 |
growth-% | -17.1 % | 30.5 % | 3.6 % | -33.9 % | 21.0 % | 8.9 % | 11.1 % | 8.0 % |
EBITDA | 295.5 | 428.2 | 194.4 | 147.0 | 190.9 | 273.3 | 323.9 | 401.7 |
EBIT (adj.) | 182.9 | 324.9 | 221.2 | 65.1 | 110.9 | 150.2 | 180.5 | 222.7 |
EBIT | 119.9 | 268.2 | -116.2 | 32.1 | 70.9 | 120.2 | 160.5 | 222.7 |
Profit before taxes | 106.0 | 258.2 | -146.4 | 14.3 | 46.9 | 100.2 | 146.5 | 209.7 |
Net income | 85.9 | 206.2 | -175.5 | 12.5 | 37.5 | 79.2 | 115.8 | 165.7 |
EPS (adj.) | 1.03 | 1.84 | 1.14 | 0.33 | 0.56 | 0.75 | 0.95 | 1.20 |
growth-% | -42.6 % | 77.6 % | -37.9 % | -71.1 % | 70.4 % | 33.1 % | 27.7 % | 25.7 % |
Dividend | 1.20 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.60 | 0.78 |
Dividend ratio | 193.0 % | 36.9 % | -43.3 % | 606.1 % | 202.4 % | 95.9 % | 71.5 % | 65.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 22.5 % | 25.0 % | 10.9 % | 12.5 % | 13.4 % | 17.7 % | 18.9 % | 21.7 % |
EBIT-% (adj.) | 13.9 % | 19.0 % | 12.5 % | 5.5 % | 7.8 % | 9.7 % | 10.5 % | 12.0 % |
EBIT-% | 9.1 % | 15.6 % | -6.5 % | 2.7 % | 5.0 % | 7.8 % | 9.3 % | 12.0 % |
ROE | 5.2 % | 13.1 % | -11.5 % | 0.9 % | 2.8 % | 6.0 % | 8.7 % | 11.9 % |
ROI | 6.1 % | 13.8 % | -6.1 % | 1.7 % | 3.5 % | 5.5 % | 7.1 % | 9.5 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 28.82 | 33.30 | 9.58 | 8.26 | 8.88 | 8.88 | 8.88 | 8.88 |
Shares | 138.2 | 138.2 | 138.3 | 138.0 | 138.0 | 138.0 | 138.0 | 138.0 |
Market cap | 3,983.5 | 4,602.7 | 1,324.4 | 1,139.4 | 1,224.9 | 1,224.9 | 1,224.9 | 1,224.9 |
Enterprise value | 3,966.3 | 4,504.1 | 1,465.3 | 1,363.1 | 1,752.6 | 1,855.0 | 1,838.1 | 1,752.2 |
EV/S | 3.0 | 2.6 | 0.8 | 1.2 | 1.2 | 1.2 | 1.1 | 0.9 |
EV/EBITDA | 13.4 | 10.5 | 7.5 | 9.3 | 9.2 | 6.8 | 5.7 | 4.4 |
EV/EBIT (adj.) | 21.7 | 13.9 | 6.6 | 20.9 | 15.8 | 12.4 | 10.2 | 7.9 |
EV/EBIT | 33.1 | 16.8 | - | 42.4 | 24.7 | 15.4 | 11.4 | 7.9 |
P/E (adj.) | 27.9 | 18.1 | 8.4 | 25.1 | 15.8 | 11.9 | 9.3 | 7.4 |
P/E | 46.4 | 22.3 | - | 91.0 | 32.7 | 15.5 | 10.6 | 7.4 |
P/B | 2.6 | 2.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 |
P/S | 3.0 | 2.7 | 0.7 | 1.0 | 0.9 | 0.8 | 0.7 | 0.7 |
Dividend yield | 4.2 % | 1.7 % | 5.7 % | 6.7 % | 6.2 % | 6.2 % | 6.8 % | 8.8 % |
Equity ratio | 65.1 % | 68.3 % | 64.8 % | 57.9 % | 53.6 % | 50.5 % | 50.3 % | 50.6 % |
Gearing ratio | -1.1 % | -6.1 % | 9.8 % | 16.6 % | 40.3 % | 48.0 % | 45.3 % | 36.7 % |
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Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 236.3 | 293.2 | 276.1 | 368.0 | 1,173.6 | 257.3 | 351.6 | 360.2 | 450.8 |
EBITDA | 14.0 | 32.1 | 37.5 | 63.4 | 147.0 | 15.9 | 50.6 | 47.5 | 76.8 |
EBIT | -18.8 | 9.4 | 8.4 | 33.1 | 32.1 | -14.1 | 20.6 | 17.5 | 46.8 |
Profit before taxes | -22.5 | 6.3 | 3.4 | 27.0 | 14.3 | -20.1 | 14.6 | 11.5 | 40.8 |
Net income | -18.7 | 0.7 | 4.3 | 26.2 | 12.5 | -16.1 | 11.7 | 9.2 | 32.7 |
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Inside information: Nokian Tyres plc's President & CEO Jukka Moisio to retire from his position during 2024
Nokian Tyres Annual Report 2023 published
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