Company Overview
Fiskars is a global leader in design-driven consumer goods, specializing in kitchen utensils, home decor, and outdoor products. With a rich history dating back to 1796, the company has established itself as a trusted brand in over 100 countries worldwide. Fiskars mission is to inspire creativity and make life easier for its customers through innovative design and high-quality products.
Fiskars core values include a passion for design, a commitment to sustainability, and a focus on customer satisfaction. The company aims to create long-term value for its shareholders while maintaining its position as a leader in the consumer goods industry.
Key Products/Services
Fiskars offers a wide range of products that cater to various aspects of daily life, including:
- Kitchen utensils and cookware: Fiskars kitchen products are designed to make cooking easier and more enjoyable. With a focus on quality and durability, these products are perfect for home cooks and professional chefs alike.
- Home decor: Fiskars home decor products add a touch of elegance and sophistication to any room. From vases to wall art, these products are designed to inspire creativity and make a statement.
- Outdoor products: Fiskars outdoor products, such as camping gear and gardening tools, are designed to help customers enjoy the great outdoors. With a focus on quality and durability, these products are perfect for outdoor enthusiasts.
Fiskars products are known for their high-quality materials, innovative design, and exceptional performance. Whether it's cooking, decorating, or enjoying the outdoors, Fiskars has a product that can help make life easier and more enjoyable.
Benefits
Fiskars products offer several benefits to customers, including:
- Innovative design: Fiskars is committed to creating products that are both functional and aesthetically pleasing. With a focus on design-driven innovation, the company's products are perfect for customers who value style and sophistication.
- High-quality materials: Fiskars uses only the highest-quality materials in its products, ensuring durability and performance. Whether it's kitchen utensils or outdoor gear, Fiskars products are built to last.
- Exceptional performance: Fiskars products are designed to perform at their best, whether it's cooking, decorating, or enjoying the outdoors. With a focus on quality and durability, these products are perfect for customers who value exceptional performance.
In addition to its products, Fiskars also offers excellent customer service and support, ensuring that customers have a positive experience with the brand.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 81.9 | 81.9 | 81.9 | 81.0 | 81.0 | 81.0 | 81.0 |
| Target Valuation (MEur) | 1201.7 | 1161.9 | 1049.4 | 729.2 | 569.5 | 576.8 | 576.8 |
| Targer Price | 14.67 | 14.19 | 12.81 | 9.0 | 7.03 | 7.12 | 7.12 |
| Potential, % | -4.6 | -20.6 | -14.2 | -29.0 | -44.9 | -44.2 | -44.2 |
| Recommendation | Hold | Hold | Hold | Sell | Sell | Sell | Sell |
| MCAP (MEur) | 1259.7 | 1462.8 | 1223.7 | 1027.1 | 1033.6 | 1033.6 | 1033.6 |
| Price | 15.38 | 17.86 | 14.94 | 12.68 | 12.76 | 12.76 | 12.76 |
| EV | 1585.0 | 1910.0 | 1718.0 | 1540.0 | 1546.0 | 1468.0 | 1407.0 |
| P/S | 1.01 | 1.29 | 0.97 | 0.9 | 0.91 | 0.88 | 0.88 |
| EV/S | 1.27 | 1.69 | 1.37 | 1.35 | 1.36 | 1.25 | 1.2 |
| EV/EBIT | 11.77 | 19.33 | 21.26 | 33.93 | 23.5 | 21.01 | 20.29 |
| P/E | 12.71 | 20.9 | 19.65 | 66.61 | 39.48 | 21.6 | 19.36 |
| P/B | 1.51 | 1.78 | 1.54 | 1.45 | 1.54 | 1.44 | 1.34 |
| P/OCF | -20.35 | 6.62 | 10.91 | 10.16 | 11.28 | 8.82 | 10.45 |
| EV/OCF | -25.61 | 8.64 | 15.31 | 15.24 | 16.88 | 12.52 | 14.23 |
| P/FCF | -18.07 | 28.63 | 19.52 | 17.32 | 16.25 | 13.11 | 17.09 |
| EV/FCF | -22.74 | 37.37 | 27.39 | 25.98 | 24.31 | 18.62 | 23.27 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 1248.1 | 1129.9 | 1257.0 | 1140.2 | 1139.9 | 1170.0 | 1173.1 |
| Rev. Growth, % | -0.5 | -9.5 | 11.2 | -9.3 | -0.0 | 2.6 | 0.3 |
| Ebit | 134.7 | 98.8 | 80.8 | 45.4 | 65.8 | 69.8 | 69.4 |
| Ebit Growth, % | -5.7 | -26.7 | -18.2 | -43.8 | 44.9 | 6.1 | -0.6 |
| Ebit, % | 10.8 | 8.7 | 6.4 | 4.0 | 5.8 | 6.0 | 5.9 |
| Profit | 99.1 | 70.0 | 62.3 | 15.4 | 26.2 | 47.9 | 53.4 |
| EPS | 1.21 | 0.85 | 0.76 | 0.19 | 0.32 | 0.59 | 0.66 |
| Profit Growth, % | 13.9 | -29.4 | -11.0 | -75.3 | 70.1 | 82.8 | 11.5 |
| Profit, % | 7.9 | 6.2 | 5.0 | 1.4 | 2.3 | 4.1 | 4.6 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 364.7 | 364.0 | 330.7 | 322.9 | 359.0 | 337.2 | 358.1 |
| Acc. Receivable | 170.5 | 177.2 | 188.9 | 178.3 | 179.0 | 180.4 | 181.5 |
| Cash | 115.8 | 127.3 | 60.8 | 82.6 | 106.1 | 184.9 | 245.4 |
| Equity | 835.6 | 823.7 | 792.2 | 710.4 | 671.7 | 719.5 | 772.9 |
| ROE, % | 11.9 | 8.5 | 7.9 | 2.2 | 3.9 | 6.7 | 6.9 |
| ROCE, % | 10.6 | 7.1 | 6.0 | 3.5 | 5.1 | 5.2 | 5.0 |
| Net Debt | 325.3 | 446.7 | 493.9 | 513.4 | 512.8 | 434.0 | 373.5 |
| Gearing, % | 38.9 | 54.2 | 62.3 | 72.3 | 76.3 | 60.3 | 48.3 |
| Equity ratio, % | 52.7 | 46.9 | 46.3 | 43.3 | 40.5 | 42.6 | 45.0 |
| Acc. Payable | 69.2 | 102.1 | 88.4 | 84.1 | 81.4 | 82.3 | 79.9 |
| Total Assets | 1585.4 | 1754.9 | 1711.1 | 1642.1 | 1659.2 | 1690.1 | 1719.0 |
| ROA, % | 6.3 | 4.0 | 3.6 | 0.9 | 1.6 | 2.8 | 3.1 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -61.9 | 220.9 | 112.2 | 101.1 | 91.6 | 117.2 | 98.9 |
| Investment Cash Flow | -7.8 | -169.8 | -49.5 | -41.8 | -28.0 | -38.4 | -38.4 |
| Free Cash Flow | -69.7 | 51.1 | 62.7 | 59.3 | 63.6 | 78.8 | 60.5 |
| OCF/CAPEX | 0.0 | 1.3 | 2.27 | 2.42 | 3.27 | 3.05 | 2.57 |
| Financial Cash Flow | 149.8 | -40.0 | -128.6 | -37.1 | -40.7 | 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.
Contact: quant@quantfactory.eu