0.15%
7.43%
5.46%
-4.67%
-3.88%
-73.02%
-66.94%
AI Spotlight on TYRES
Company Description
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally.It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments.The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans.
The Heavy Tyres segment offers tires for forestry machinery; and special tires for agricultural machinery, tractors, and industrial machinery, as well as retreading materials and truck tires.The Vianor segment sells car and van tires, as well as truck tires under the Nokian brand, and other tire brands; and other automotive products and services.The company offers its products through its own Vianor service centers and service centers run by partners, the Nokian Tyres Authorized Dealer (NAD) partners, the N-Tyre retailers, and other tire and vehicle retailers, as well as online stores.
As of December 31, 2021, it operated 1,047 Vianor service centers; 2,282 NAD stores; and 110 N-Tyre stores.Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland.
Market Data
| Last Price | 8.04 |
| Change Percentage | 0.15% |
| Open | 8.04 |
| Previous Close | 8.02 |
| Market Cap ( Millions) | 1108 |
| Volume | 525338 |
| Year High | 9.63 |
| Year Low | 7.07 |
| M A 50 | 7.48 |
| M A 200 | 8.07 |
Financial Ratios
| FCF Yield | -26.66% |
| Dividend Yield | 6.84% |
| ROE | -0.21% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -109.64% |
| Price To Book | 0.9 |
| Price Earnings Ratio | -416.68 |
| Price To FCF | -3.75 |
| Price To sales | 0.89 |
| EV / EBITDA | 6.48 |
News
- Nov -14 - Nokian Renkaat Oyj And 2 Additional Stocks That May Be Priced Below Their Estimated Worth
- Oct -30 - Nokian Tyres PLC (NKRKF) Q3 2024 Earnings Call Highlights: Strong Sales Growth and Strategic ...
- Sep -23 - Nokian opens Romania factory
- Aug -15 - EC OKs Nokian Romania aid
- Jul -31 - Three Undervalued Small Caps With Insider Activity To Watch
- Jan -31 - Pirelli, Continental, Michelin and Nokian raided by EU antitrust regulators
- Sep -05 - All-season tire with the best winter properties - Nokian Tyres Hakkapeliitta TRI is made available in two more popular sizes for compact tractors and compact loaders
- Jun -01 - Analysis-Remaining Western firms face tricky Russian exits
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Passenger Car Tyres
Expected Growth : 10 %
What the company do ?
Nokian Renkaat Oyj's Passenger Car Tyres are designed for safe and fuel-efficient driving, offering excellent grip and handling on various road conditions.
Why we expect these perspectives ?
Nokian Renkaat Oyj's 10% growth in Passenger Car Tyres is driven by increasing demand for winter tyres in Nordic countries, expansion into emerging markets, and a shift towards premium tyres with advanced safety features. Additionally, the company's focus on sustainability and eco-friendly products resonates with environmentally conscious consumers, contributing to the segment's growth.
Segment n°2 -> Vianor
Expected Growth : 12 %
What the company do ?
Vianor is a tire retail and service chain owned by Nokian Renkaat Oyj, offering a wide range of tires and automotive services.
Why we expect these perspectives ?
Vianor's 12% growth is driven by increasing demand for premium tires, expansion into new markets, and strategic partnerships. Additionally, Nokian Renkaat Oyj's focus on sustainable and eco-friendly products resonates with environmentally conscious consumers, contributing to the segment's growth.
Segment n°3 -> Heavy Tyres
Expected Growth : 9 %
What the company do ?
Heavy Tyres from Nokian Renkaat Oyj are designed for heavy-duty applications, offering exceptional durability and traction for construction, mining, and forestry industries.
Why we expect these perspectives ?
Nokian Renkaat Oyj's heavy tyres segment growth is driven by increasing demand for heavy-duty vehicles, infrastructure development, and rising construction activities. Additionally, the company's focus on sustainable and eco-friendly products, as well as its strong distribution network, contribute to its 9% growth.
Segment n°4 -> Other Operations and Eliminations
Expected Growth : 8 %
What the company do ?
Other Operations and Eliminations from Nokian Renkaat Oyj refers to the removal of intercompany transactions and consolidation adjustments to present a true group picture.
Why we expect these perspectives ?
Nokian Renkaat Oyj's 8% growth in Other Operations and Eliminations is driven by increased demand for winter tires, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovation, cost savings initiatives, and favorable currency exchange rates have contributed to this growth.
Nokian Renkaat Oyj Products
| Product Range | What is it ? |
|---|---|
| Nokian Hakkapeliitta | Winter tires designed for extreme weather conditions, providing excellent grip and control on snow and ice |
| Nokian zLINE | High-performance summer tires, offering exceptional handling and braking on dry roads |
| Nokian WR | All-season tires, combining the benefits of summer and winter tires, suitable for mild winter conditions |
| Nokian Rotiiva | All-terrain tires, designed for off-road and on-road driving, providing durability and traction in various conditions |
| Nokian Nordman | Studded winter tires, engineered for extreme winter conditions, providing maximum grip and control on ice and snow |
Nokian Renkaat Oyj's Porter Forces
Threat Of Substitutes
The threat of substitutes for Nokian Renkaat Oyj is medium due to the presence of alternative tire manufacturers in the market.
Bargaining Power Of Customers
The bargaining power of customers for Nokian Renkaat Oyj is low due to the company's strong brand reputation and customer loyalty.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Nokian Renkaat Oyj is medium due to the company's dependence on a few key suppliers for raw materials.
Threat Of New Entrants
The threat of new entrants for Nokian Renkaat Oyj is low due to the high barriers to entry in the tire manufacturing industry.
Intensity Of Rivalry
The intensity of rivalry for Nokian Renkaat Oyj is high due to the presence of several established competitors in the market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 28.87% |
| Debt Cost | 3.95% |
| Equity Weight | 71.13% |
| Equity Cost | 8.32% |
| WACC | 7.06% |
| Leverage | 40.58% |
Nokian Renkaat Oyj : Quality Control
Nokian Renkaat Oyj passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| KENDR.AS | Kendrion N.V. develops, manufactures, and markets electromagnetic systems and components for industrial and automotive applications in Germany, rest of Europe, the Americas, Asia, and internationally. The company operates in two … |
| TIFS.L | TI Fluid Systems plc manufactures and sells fluid storage, carrying, and delivery systems primarily for the light-duty automotive market worldwide. It operates through two segments, Fluid Carrying Systems (FCS) and … |
| CAR.WA | Inter Cars S.A. imports and distributes spare parts for passenger cars and commercial vehicles. The company is also involved in the manufacture of motor vehicles, trailers, and semi-trailers; development and … |
| GTX | Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline … |
| AKW.PA | AKWEL engages in the designing, developing, producing, and selling of tooling equipment and parts to automotive and truck manufacturers in France and internationally. The company was formerly known as MGI … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
Kendrion
A-Score
1-Year Total Return ->
🥈
Nokian Renkaat
A-Score
1-Year Total Return ->
🥉
Akwel
A-Score
1-Year Total Return ->
4
Garrett Motion
A-Score
1-Year Total Return ->
5
TI Fluid Systems
A-Score
1-Year Total Return ->
6
