Company Overview
Framery Group Oyj is a Finnish-based company that specializes in designing and manufacturing innovative furniture solutions for various industries. With its strong focus on sustainability, design, and functionality, Framery has established itself as a leading player in the global furniture market.
Framery Group Oyj was founded in 2018 and has since grown to become a global company with operations in multiple countries. The company's mission is to create innovative furniture solutions that not only enhance the functionality of spaces but also promote sustainability and well-being.
The company's core values include design, innovation, sustainability, and customer satisfaction. Framery is committed to delivering high-quality products that meet the needs of its customers while minimizing its environmental footprint.
Framery's product range includes a variety of furniture solutions for different industries, including office chairs, desks, storage solutions, and more. The company's products are designed to be functional, comfortable, and aesthetically pleasing, making them ideal for both commercial and residential spaces.
In addition to its product offerings, Framery also provides a range of services, including design consulting, project management, and installation. The company's expertise in furniture solutions makes it an attractive partner for businesses and individuals looking to enhance their work or living environments.
Key Products/Services
Framery's product range includes:
- Office chairs and desks designed for comfort and functionality.
- Storage solutions that cater to different storage needs and preferences.
- Innovative furniture solutions for commercial and residential spaces.
The company's products are designed to be:
- Friendly to the environment, with a focus on sustainability and energy efficiency.
- Functional and comfortable, meeting the needs of both commercial and residential spaces.
- Aesthetically pleasing, with a focus on design and style.
Benefits
Investing in Framery can provide several benefits, including:
- Access to innovative furniture solutions that cater to different industries and needs.
- A focus on sustainability and environmental responsibility, reducing the risk of regulatory penalties or reputational damage.
- A competitive edge in the market, with a strong brand reputation and customer loyalty.
Valuation
| 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|
| Number of Shares (million) | 79.1 | 79.1 | 79.1 | 79.1 |
| Target Valuation (MEur) | 372.7 | 406.6 | 453.7 | 453.7 |
| Target Price | 4.71 | 5.14 | 5.73 | 5.73 |
| Potential, % | -43.6 | -23.1 | -14.2 | -14.2 |
| Recommendation | Sell | Sell | Hold | Hold |
| MCAP (MEur) | 660.9 | 528.6 | 528.6 | 528.6 |
| Price | 8.35 | 6.68 | 6.68 | 6.68 |
| EV | 728.0 | 577.0 | 525.0 | 468.0 |
| P/S | 2.98 | 2.37 | 2.35 | 2.28 |
| EV/S | 3.28 | 2.59 | 2.33 | 2.02 |
| EV/EBIT | 17.76 | 11.82 | 9.32 | 8.25 |
| P/E | 32.43 | 14.01 | 11.72 | 11.65 |
| P/B | 14.52 | 8.11 | 4.79 | 3.4 |
| P/OCF | 16.03 | 12.62 | 9.59 | 8.71 |
| EV/OCF | 17.66 | 13.78 | 9.54 | 7.71 |
| P/FCF | 16.98 | 13.96 | 10.21 | 9.22 |
| EV/FCF | 18.7 | 15.24 | 10.15 | 8.16 |
Income Statement
| 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|
| Revenue | 162.1 | 222.1 | 222.6 | 225.0 | 231.7 |
| Rev. Growth, % | 0.0 | 37.0 | 0.2 | 1.1 | 3.0 |
| Ebit | 29.6 | 41.0 | 48.8 | 56.4 | 56.7 |
| Ebit Growth, % | 0.0 | 38.5 | 19.0 | 15.6 | 0.5 |
| Ebit, % | 18.3 | 18.5 | 21.9 | 25.1 | 24.5 |
| Profit | 19.6 | 20.4 | 37.7 | 45.1 | 45.4 |
| EPS | 0.25 | 0.26 | 0.48 | 0.57 | 0.57 |
| Profit Growth, % | 0.0 | 4.1 | 84.8 | 19.6 | 0.7 |
| Profit, % | 12.1 | 9.2 | 16.9 | 20.0 | 19.6 |
Balance Sheet
| 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|
| Inventory | 22.0 | 29.2 | 28.8 | 30.3 | 33.0 |
| Acc. Receivable | 26.4 | 25.9 | 27.3 | 27.6 | 27.5 |
| Cash | 20.5 | 19.8 | 36.4 | 88.2 | 145.5 |
| Equity | 56.6 | 45.5 | 65.2 | 110.3 | 155.6 |
| ROE, % | 34.6 | 44.8 | 57.8 | 40.9 | 29.2 |
| ROCE, % | 23.6 | 31.0 | 32.5 | 28.9 | 23.6 |
| Net Debt | 48.3 | 66.9 | 48.5 | -3.2 | -60.6 |
| Gearing, % | 85.3 | 147.0 | 74.5 | -2.9 | -38.9 |
| Equity ratio, % | 35.0 | 26.9 | 39.5 | 60.0 | 74.7 |
| Acc. Payable | 18.2 | 22.9 | 22.6 | 18.6 | 18.6 |
| Total Assets | 161.9 | 169.5 | 164.9 | 183.8 | 208.2 |
| ROA, % | 12.1 | 12.0 | 22.9 | 24.5 | 21.8 |
Cash Flow
| 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|
| Operating Cash Flow | 23.5 | 41.2 | 41.9 | 55.1 | 60.7 |
| Investment Cash Flow | -3.4 | -2.3 | -4.0 | -3.3 | -3.3 |
| Free Cash Flow | 20.1 | 38.9 | 37.9 | 51.8 | 57.3 |
| OCF/CAPEX | 6.83 | 17.96 | 10.4 | 16.53 | 18.21 |
| Financial Cash Flow | -13.9 | -39.3 | -21.3 | 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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