Company Overview
Kamux Oyj is a Finnish automotive retailer that operates in the Nordic region, specializing in the sale of used cars and other vehicles. With a strong focus on customer satisfaction and operational efficiency, Kamux has established itself as a leading player in the European used car market.
The company's primary mission is to provide customers with an excellent buying experience, while also ensuring sustainable growth and profitability. At its core, Kamux values innovation, customer-centricity, and long-term thinking. These core values guide the company's decision-making and drive its commitment to excellence in all aspects of its business.
Key Products/Services
Kamux offers a wide range of used cars, including passenger vehicles, commercial vehicles, and motorcycles. The company's product portfolio is complemented by various services, such as vehicle inspections, financing options, and maintenance packages. These services are designed to provide customers with a seamless and hassle-free experience when purchasing or maintaining their vehicles.
The benefits of Kamux's products and services include access to a vast inventory of high-quality used cars, competitive pricing, and expert advice from trained sales staff. Additionally, the company's services offer customers peace of mind, knowing that their vehicle is thoroughly inspected and maintained before sale.
Benefits and Unique Selling Points
Kamux's unique selling points include its extensive network of used car dealerships across the Nordic region, its commitment to customer satisfaction, and its focus on operational efficiency. The company's use of advanced technology, such as digital platforms and data analytics, enables it to optimize its operations and provide customers with a more personalized experience.
Furthermore, Kamux's products and services offer numerous benefits to customers, including access to reliable and affordable transportation, reduced maintenance costs, and increased convenience. By choosing Kamux, customers can enjoy a hassle-free buying experience, backed by expert advice and support.
Risk Factors and Challenges
As with any investment, Kamux Oyj is not without risk factors and challenges. The company's dependence on the used car market, which can be subject to fluctuations in demand and supply, presents a potential risk. Additionally, the competitive nature of the automotive retail industry means that Kamux must continually adapt and innovate to maintain its market position.
Furthermore, the company's reliance on financing options and other services may expose it to credit risk and other financial risks. However, Kamux has implemented various measures to mitigate these risks, including robust credit assessment processes and diversified funding sources.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 39.9 | 39.9 | 39.9 | 40.0 | 40.0 | 40.0 | 40.0 |
| Target Valuation (MEur) | 181.0 | 155.5 | 121.8 | 99.5 | 82.6 | 139.1 | 139.1 |
| Targer Price | 4.53 | 3.9 | 3.05 | 2.49 | 2.06 | 3.48 | 3.48 |
| Potential, % | 4.7 | -30.5 | 15.1 | 14.6 | 35.9 | 128.8 | 128.8 |
| Recommendation | Hold | Sell | Hold | Hold | Buy | Buy | Buy |
| MCAP (MEur) | 172.8 | 223.9 | 105.8 | 86.8 | 60.8 | 60.8 | 60.8 |
| Price | 4.33 | 5.61 | 2.65 | 2.17 | 1.52 | 1.52 | 1.52 |
| EV | 232.0 | 278.0 | 180.0 | 121.0 | 94.0 | 39.0 | 24.0 |
| P/S | 0.18 | 0.22 | 0.1 | 0.1 | 0.07 | 0.07 | 0.07 |
| EV/S | 0.24 | 0.28 | 0.18 | 0.14 | 0.11 | 0.05 | 0.03 |
| EV/EBIT | 13.64 | 17.58 | 21.17 | 200.89 | -32.84 | -4.66 | -4.49 |
| P/E | 15.86 | 23.57 | 20.82 | -37.76 | -20.07 | -9.06 | -14.35 |
| P/B | 1.59 | 2.0 | 0.97 | 0.83 | 0.63 | 0.68 | 0.71 |
| P/OCF | 6.65 | 8.85 | 37.78 | 1.75 | 4.68 | 0.89 | 2.1 |
| EV/OCF | 8.92 | 10.98 | 64.28 | 2.43 | 7.23 | 0.57 | 0.82 |
| P/FCF | 7.58 | 9.53 | -66.11 | 1.96 | 5.34 | 0.92 | 2.3 |
| EV/FCF | 10.17 | 11.82 | -112.49 | 2.73 | 8.25 | 0.59 | 0.9 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 968.7 | 1002.1 | 1010.2 | 875.9 | 865.1 | 860.9 | 857.4 |
| Rev. Growth, % | 3.3 | 3.4 | 0.8 | -13.3 | -1.2 | -0.5 | -0.4 |
| Ebit | 17.0 | 15.8 | 8.5 | 0.6 | -2.9 | -8.4 | -5.3 |
| Ebit Growth, % | -45.9 | -7.1 | -46.2 | -92.9 | -583.3 | -189.7 | 36.9 |
| Ebit, % | 1.8 | 1.6 | 0.8 | 0.1 | -0.3 | -1.0 | -0.6 |
| Profit | 10.9 | 9.5 | 5.1 | -2.3 | -3.0 | -6.7 | -4.2 |
| EPS | 0.27 | 0.24 | 0.13 | -0.06 | -0.07 | -0.17 | -0.1 |
| Profit Growth, % | -51.3 | -12.8 | -46.3 | -145.1 | -30.4 | -123.3 | 37.3 |
| Profit, % | 1.1 | 0.9 | 0.5 | -0.3 | -0.3 | -0.8 | -0.5 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 114.1 | 117.2 | 131.0 | 100.2 | 113.1 | 96.8 | 106.0 |
| Acc. Receivable | 17.2 | 20.8 | 20.6 | 15.5 | 15.2 | 14.9 | 15.5 |
| Cash | 4.2 | 8.9 | 3.0 | 18.5 | 25.2 | 80.1 | 95.4 |
| Equity | 108.4 | 111.8 | 109.1 | 104.0 | 96.7 | 90.0 | 85.7 |
| ROE, % | 10.1 | 8.5 | 4.7 | -2.2 | -3.1 | -7.4 | -4.9 |
| ROCE, % | 9.9 | 9.1 | 4.6 | 0.4 | -1.9 | -5.7 | -3.7 |
| Net Debt | 59.1 | 53.8 | 74.2 | 33.7 | 33.1 | -21.8 | -37.0 |
| Gearing, % | 54.5 | 48.1 | 68.0 | 32.4 | 34.2 | -24.2 | -43.2 |
| Equity ratio, % | 53.0 | 51.8 | 47.8 | 53.3 | 51.3 | 48.8 | 48.2 |
| Acc. Payable | 29.3 | 37.1 | 38.9 | 36.2 | 35.5 | 40.2 | 37.3 |
| Total Assets | 204.6 | 215.7 | 228.3 | 195.1 | 188.6 | 184.3 | 177.8 |
| ROA, % | 5.3 | 4.4 | 2.2 | -1.2 | -1.6 | -3.6 | -2.4 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 26.0 | 25.3 | 2.8 | 49.7 | 13.0 | 68.5 | 28.9 |
| Investment Cash Flow | -3.2 | -1.8 | -4.4 | -5.5 | -1.6 | -2.4 | -2.4 |
| Free Cash Flow | 22.8 | 23.5 | -1.6 | 44.2 | 11.4 | 66.1 | 26.5 |
| OCF/CAPEX | 8.12 | 14.06 | 0.64 | 9.04 | 8.12 | 28.52 | 12.04 |
| Financial Cash Flow | -20.2 | -18.4 | -5.0 | -28.0 | -4.6 | -11.2 | -11.2 |
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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