Company Valuation: Kesla Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19.94 13.92 13.32 10.45 7.753 14.33 - -
Change - -30.18% -4.36% -21.52% -25.81% 84.78% - -
Enterprise Value (EV) 1 28.46 13.92 26.39 10.45 18.48 26.03 27.13 14.33
Change - -51.09% 89.52% -60.4% 76.8% 40.87% 4.23% -47.19%
P/E 11.8x -11.8x 26.3x -20.7x -1.74x -85x 10.4x 7.46x
PBR 1.41x - 1.04x - 1.04x 1.96x 1.65x -
PEG - 0x -0x 0x -0x 0.9x -0x 0.2x
Capitalization / Revenue 0.44x 0.3x 0.24x - 0.23x 0.32x 0.27x 0.26x
EV / Revenue 0.63x 0.3x 0.48x - 0.54x 0.59x 0.52x 0.26x
EV / EBITDA 8x - 8.79x - -5.38x 13x 6.78x 3.18x
EV / EBIT 12.9x -10.6x 19.1x - -3.75x 43.4x 10x 4.48x
EV / FCF -55.9x -2x 7.56x - 17.2x -65.1x -90.4x 6.82x
FCF Yield -1.79% -49.9% 13.2% - 5.81% -1.54% -1.11% 14.7%
Dividend per Share 2 0.2 - 0.1 - - - - -
Rate of return 3.4% - 2.53% - - - - -
EPS 2 0.5 -0.35 0.15 -0.15 -1.32 -0.05 0.41 0.57
Distribution rate 40% - 66.7% - - - - -
Net sales 1 45.47 45.86 55.4 - 34.41 44.2 52.3 54.9
EBITDA 1 3.556 - 3.003 - -3.437 2 4 4.5
EBIT 1 2.213 -1.319 1.385 - -4.924 0.6 2.7 3.2
Net income 1 1.681 - 0.51 -0.52 -4.46 -0.2 1.4 1.9
Net Debt 1 8.523 - 13.07 - 10.72 11.7 12.8 -
Reference price 2 5.880 4.130 3.950 3.100 2.300 4.250 4.250 4.250
Nbr of stocks (in thousands) 3,391 3,371 3,371 3,371 3,371 3,371 - -
Announcement Date 2/8/22 3/21/23 3/1/24 3/12/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-85x0.59x13.01x-.--% 16.63M
21.01x1.98x16.25x2.6% 65.97B
17.41x1.72x9.8x2.6% 42.01B
12.58x1.15x11.55x4.14% 41.24B
32.92x4.77x19.07x1.52% 32.28B
23.87x2.22x12.06x1.99% 19.92B
12.04x1.54x9.76x1.9% 19.9B
25.74x2.85x15.32x2.33% 17.48B
14.16x - - 0.69% 17.11B
27.19x0.91x15.73x1.45% 14.46B
Average 10.19x 1.97x 13.62x 1.92% 27.04B
Weighted average by Cap. 20.34x 2.14x 13.84x 2.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield