Company Overview
Alisa Pankki Oyj is a Finnish digital bank that offers a range of financial services to individuals and businesses. With its strong focus on innovation and customer experience, Alisa aims to provide seamless and efficient banking solutions in the digital age.
The company's primary mission is to become the leading provider of banking and financial services in Finland, leveraging its expertise in fintech and digitalization to drive growth and profitability. At the core of Alisa's values are its commitment to innovation, customer-centricity, and sustainability.
Key Products/Services
Alisa's product portfolio includes a range of banking services such as current accounts, savings accounts, loans, and investment products. The company's flagship product is its Banking-as-a-Service (BaaS) platform, which enables businesses to offer their customers a range of financial services through Alisa's digital channels.
One of the key benefits of Alisa's BaaS platform is its ability to provide businesses with a scalable and cost-effective way to offer financial services to their customers. Additionally, Alisa's digital banking platform offers customers a seamless and user-friendly experience, allowing them to manage their finances easily and efficiently.
Benefits
The benefits of using Alisa's BaaS platform include increased efficiency, reduced costs, and improved customer satisfaction. By partnering with Alisa, businesses can tap into the company's expertise in fintech and digitalization, enabling them to offer innovative and competitive financial services to their customers.
For customers, Alisa's digital banking platform offers a range of benefits including convenience, ease of use, and access to a wide range of financial services. With Alisa, customers can manage their finances easily, track their spending, and make payments online or through the company's mobile app.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 88.3 | 88.3 | 150.0 | 150.0 | 150.0 | 150.0 | 150.0 |
| Target Valuation (MEur) | 453.5 | 410.7 | 471.1 | 280.5 | 301.9 | 334.2 | 334.2 |
| Targer Price | 5.13 | 4.65 | 3.14 | 1.87 | 2.01 | 2.23 | 2.23 |
| Potential, % | 1312.8 | 2602.0 | 1776.9 | 720.2 | 1488.9 | 1658.9 | 1658.9 |
| Recommendation | Buy | Buy | Buy | Buy | Buy | Buy | Buy |
| MCAP (MEur) | 32.1 | 15.2 | 25.1 | 34.2 | 19.0 | 19.0 | 19.0 |
| Price | 0.36 | 0.17 | 0.17 | 0.23 | 0.13 | 0.13 | 0.13 |
| EV | 32.0 | 15.0 | 25.0 | 34.0 | 19.0 | 19.0 | 19.0 |
| P/S | 2.54 | 0.6 | 1.47 | 2.29 | 1.01 | 1.03 | 1.04 |
| EV/S | 2.54 | 0.6 | 1.47 | 2.29 | 1.01 | 1.03 | 1.04 |
| EV/EBIT | -1.88 | 21.87 | -19.02 | -16.34 | -7.33 | -7.5 | -7.65 |
| P/E | -1.16 | 26.59 | -20.81 | -16.25 | -9.12 | -9.44 | -9.49 |
| P/B | 1.23 | 0.58 | 0.68 | 0.99 | 0.58 | 0.62 | 0.66 |
| P/OCF | 0.28 | 1.66 | 0.15 | -0.5 | 2.13 | 0.93 | 0.82 |
| EV/OCF | 0.28 | 1.66 | 0.15 | -0.5 | 2.13 | 0.93 | 0.82 |
| P/FCF | 0.28 | 1.78 | 0.15 | -0.5 | 2.32 | 0.96 | 0.85 |
| EV/FCF | 0.28 | 1.78 | 0.15 | -0.5 | 2.32 | 0.96 | 0.85 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 12.6 | 25.1 | 17.0 | 14.9 | 18.8 | 18.4 | 18.2 |
| Rev. Growth, % | 13.5 | 99.2 | -32.3 | -12.4 | 26.2 | -2.1 | -1.1 |
| Ebit | -17.1 | 0.7 | -1.3 | -2.1 | -2.6 | -2.5 | -2.5 |
| Ebit Growth, % | -163.1 | 104.1 | -285.7 | -61.5 | -23.8 | 3.8 | -0.0 |
| Ebit, % | -135.7 | 2.8 | -7.6 | -14.1 | -13.8 | -13.6 | -13.7 |
| Profit | -27.7 | 0.6 | -1.2 | -2.1 | -2.1 | -2.0 | -2.0 |
| EPS | -0.31 | 0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Profit Growth, % | -1746.7 | 102.2 | -300.0 | -75.0 | -0.0 | 4.8 | -0.0 |
| Profit, % | -219.8 | 2.4 | -7.1 | -14.1 | -11.2 | -10.9 | -11.0 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Acc. Receivable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash | 126.5 | 134.8 | 288.1 | 218.5 | 226.7 | 246.4 | 268.8 |
| Equity | 26.0 | 26.2 | 36.7 | 34.7 | 32.6 | 30.6 | 28.6 |
| ROE, % | -106.5 | 2.3 | -3.3 | -6.1 | -6.4 | -6.5 | -7.0 |
| ROCE, % | -11.2 | 0.4 | -0.4 | -0.8 | -1.0 | -0.9 | -0.8 |
| Net Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Gearing, % | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Equity ratio, % | 8.9 | 8.4 | 8.1 | 11.3 | 10.7 | 10.0 | 9.3 |
| Acc. Payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Assets | 291.7 | 312.8 | 450.6 | 306.0 | 306.0 | 306.0 | 306.0 |
| ROA, % | -9.5 | 0.2 | -0.3 | -0.7 | -0.7 | -0.7 | -0.7 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 114.5 | 9.1 | 170.3 | -68.6 | 8.9 | 20.5 | 23.1 |
| Investment Cash Flow | -1.8 | -0.6 | -1.6 | -0.1 | -0.7 | -0.7 | -0.7 |
| Free Cash Flow | 112.7 | 8.5 | 168.8 | -68.7 | 8.2 | 19.7 | 22.4 |
| OCF/CAPEX | 64.85 | 14.35 | 109.48 | 0.0 | 12.13 | 27.86 | 31.49 |
| Financial Cash Flow | 10.3 | -0.1 | -18.7 | -0.3 | 0.0 | 0.0 | 0.0 |
Disclaimer
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
The data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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