Company Overview
Foamit Oyj is a Finnish company that specializes in the production and distribution of high-quality, eco-friendly roofing materials. With its focus on sustainability and innovation, Foamit has established itself as a leading player in the Nordic market.
The company's primary mission is to provide customers with reliable and efficient solutions for their roofing needs, while minimizing environmental impact. Foamit achieves this through its commitment to research and development, ensuring that its products are always at the forefront of technology and sustainability.
Foamit value innovation, customer satisfaction, and social responsibility. Core values include a passion for excellence, a commitment to quality, and a dedication to making a positive impact on the environment.
Key Products/Services
Foamit's flagship product is its high-performance roofing material, which is made from recycled materials and features a unique blend of eco-friendly ingredients. This material has been shown to reduce energy consumption by up to 30% compared to traditional roofing solutions.
In addition to its roofing products, Foamit also offers a range of other services, including installation, maintenance, and repair. The company's team of experts is dedicated to providing customers with personalized support and ensuring that their roofing needs are met.
Benefits
Foamit's eco-friendly roofing materials offer numerous benefits for customers, including reduced energy consumption, lower maintenance costs, and a reduced environmental impact.
The company's commitment to innovation and sustainability also sets it apart from competitors. Foamit's products are designed to meet the needs of modern buildings, while minimizing waste and reducing carbon emissions.
Foamit Oyj presents an attractive investment opportunity for those looking to capitalize on the growing demand for eco-friendly roofing solutions. With its strong brand reputation, innovative products, and commitment to sustainability, Foamit is well-positioned for long-term success.
The company's expansion plans, including the development of new manufacturing facilities and the entry into new markets, also provide a compelling case for investment. As Foamit continues to grow and innovate, it is likely to generate strong returns for investors.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 37.4 | 37.4 | 39.2 | 39.2 | 39.2 | 39.2 | 39.2 |
| Target Valuation (MEur) | 13.9 | 14.7 | 25.2 | 55.4 | 48.6 | 47.1 | 47.1 |
| Targer Price | 0.37 | 0.39 | 0.64 | 1.41 | 1.24 | 1.2 | 1.2 |
| Potential, % | -50.5 | -39.0 | -14.3 | 65.9 | 49.5 | 44.9 | 44.9 |
| Recommendation | Sell | Sell | Hold | Buy | Buy | Buy | Buy |
| MCAP (MEur) | 28.1 | 24.1 | 29.4 | 33.4 | 32.5 | 32.5 | 32.5 |
| Price | 0.75 | 0.64 | 0.75 | 0.85 | 0.83 | 0.83 | 0.83 |
| EV | 72.0 | 46.0 | 17.0 | 42.0 | 45.0 | 50.0 | 55.0 |
| P/S | 0.33 | 0.48 | 0.71 | 0.84 | 0.77 | 0.77 | 0.77 |
| EV/S | 0.84 | 0.91 | 0.41 | 1.04 | 1.06 | 1.17 | 1.29 |
| EV/EBIT | -3.8 | 17.85 | 11.77 | 31.61 | 41.22 | 184.17 | 364.01 |
| P/E | -1.86 | -2.72 | 6.33 | -288.26 | 86.89 | 541.59 | -324.96 |
| P/B | 0.63 | 0.54 | 0.6 | 0.71 | 0.69 | 0.69 | 0.69 |
| P/OCF | -4.18 | 3.74 | 11.32 | 9.67 | 11.22 | 11.02 | 11.56 |
| EV/OCF | -10.67 | 7.1 | 6.51 | 12.0 | 15.54 | 16.86 | 19.43 |
| P/FCF | -5.39 | 3.87 | 1.07 | -2.33 | -10.32 | -6.86 | -6.67 |
| EV/FCF | -13.76 | 7.36 | 0.61 | -2.89 | -14.29 | -10.5 | -11.2 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 85.4 | 50.4 | 41.4 | 39.7 | 42.3 | 42.4 | 42.4 |
| Rev. Growth, % | 9.2 | -41.0 | -17.9 | -4.1 | 6.5 | 0.2 | 0.0 |
| Ebit | -18.9 | 2.6 | 1.4 | 1.3 | 1.1 | 0.3 | 0.2 |
| Ebit Growth, % | -437.5 | 113.8 | -46.2 | -7.1 | -15.4 | -72.7 | -33.3 |
| Ebit, % | -22.1 | 5.2 | 3.4 | 3.3 | 2.6 | 0.7 | 0.5 |
| Profit | -15.1 | -8.9 | 4.6 | -0.1 | 0.4 | 0.1 | -0.1 |
| EPS | -0.4 | -0.24 | 0.12 | -0.0 | 0.01 | 0.0 | -0.0 |
| Profit Growth, % | -421.3 | 41.1 | 151.7 | -102.2 | 500.0 | -75.0 | -200.0 |
| Profit, % | -17.7 | -17.7 | 11.1 | -0.3 | 0.9 | 0.2 | -0.2 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 15.4 | 8.3 | 9.4 | 12.8 | 11.7 | 11.7 | 11.8 |
| Acc. Receivable | 3.1 | 3.1 | 4.6 | 5.3 | 8.1 | 11.0 | 14.2 |
| Cash | 9.8 | 6.2 | 28.9 | 12.1 | 11.1 | 6.3 | 1.4 |
| Equity | 44.9 | 44.4 | 49.5 | 47.2 | 46.9 | 46.9 | 46.8 |
| ROE, % | -33.6 | -20.0 | 9.3 | -0.2 | 0.9 | 0.2 | -0.2 |
| ROCE, % | -19.2 | 3.6 | 2.1 | 1.9 | 1.6 | 0.4 | 0.3 |
| Net Debt | 43.6 | 21.7 | -12.5 | 8.1 | 12.5 | 17.2 | 22.1 |
| Gearing, % | 97.2 | 48.9 | -25.3 | 17.1 | 26.7 | 36.7 | 47.2 |
| Equity ratio, % | 29.4 | 53.4 | 59.6 | 62.1 | 59.7 | 60.1 | 59.0 |
| Acc. Payable | 19.3 | 4.0 | 2.4 | 4.3 | 4.2 | 4.0 | 3.8 |
| Total Assets | 152.7 | 83.1 | 83.0 | 76.0 | 78.5 | 78.1 | 79.4 |
| ROA, % | -9.9 | -10.7 | 5.5 | -0.1 | 0.5 | 0.1 | -0.1 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -6.7 | 6.4 | 2.6 | 3.5 | 2.9 | 3.0 | 2.8 |
| Investment Cash Flow | 1.5 | -0.2 | 25.0 | -17.8 | -6.0 | -7.7 | -7.7 |
| Free Cash Flow | -5.2 | 6.2 | 27.6 | -14.4 | -3.1 | -4.7 | -4.9 |
| OCF/CAPEX | 0.0 | 28.5 | 0.0 | 0.19 | 0.48 | 0.38 | 0.37 |
| Financial Cash Flow | 2.0 | -8.6 | -5.6 | -2.6 | 2.5 | 0.0 | 0.0 |
Disclaimer
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