Lassila & Tikanoja Oyj (LAT1V.HE) | Investment Case

1. Company Snapshot

1.a. Company Description

Lassila & Tikanoja Oyj operates as a service company in Finland, Sweden, and Russia.It operates through four segments: Environmental Services, Industrial Services, Facility Services Finland, and Facility Services Sweden.The company offers waste management and recycling services; sells receptacles, and related maintenance and circular economy solutions; and provides wood-based and recycled fuels, and wood raw materials, as well as forest services to forest owners.

It also provides solutions for industrial material flows and their utilization, as well as industrial process cleaning solutions; and engages in the collection and disposal of hazardous waste and sewer system maintenance and repair solutions.In addition, the company offers support services and services for cleaning, property maintenance, and real estate management, as well as repair and renovation services; and building automation, refrigeration technology, and energy management services.Further, it provides support services and services for cleaning and technical services.

Lassila & Tikanoja Oyj was founded in 1905 and is headquartered in Helsinki, Finland.

Show Full description

1.b. Last Insights on LAT1V

Recent negative drivers behind Lassila & Tikanoja Oyj's performance include: * Decreased net sales by 4.3% in the third quarter, reaching EUR 192.3 million, compared to EUR 200.9 million in the same period last year. * Adjusted operating profit for the third quarter was EUR 20.0 million, down from EUR 21.2 million in the same period last year. * Recognition of impairments and provisions of approximately EUR 28 million in total relating to its Swedish facility services business, which will be reflected in Q4 2024 reporting. * Initiation of planning to separate its circular economy and facility services businesses into two independent listed companies, which may lead to uncertainty and disruption in the short term.

1.c. Company Highlights

Last Price	10.02
Change Percentage	-0.20%
Open	10.04
Previous Close	10.04
Market Cap ( Millions)	383
Volume	21645
Year High	10.7
Year Low	7.7
M A 50	10.06
M A 200	9.55

FCF Yield	13.42%
Dividend Yield	4.99%
ROE	1.72%
Debt / Equity	96.30%
Net Debt / EBIDTA	192.86%
Price To Book	1.93
Price Earnings Ratio	108.68
Price To FCF	7.45
Price To sales	0.5
EV / EBITDA	6.07

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Resolutions by Lassila & Tikanoja plc's Extraordinary General Meeting

Dec -04

Source:

Capital Markets Day of the future Luotea Plc and Lassila & Tikanoja Plc today, 26 November

Nov -26

Source:

The Finnish Financial Supervisory Authority has approved Lassila & Tikanoja’s demerger and listing prospectus; The New Lassila & Tikanoja’s and Luotea’s Management Teams as of the completion of the demerger

Nov -20

Source:

Lassila & Tikanoja Oyj (FRA:LT5) Q3 2025 Earnings Call Highlights: Navigating Growth Amidst ...

Oct -30

Source:

Lassila & Tikanoja plc: Interim Report 1 January–30 September 2025

Oct -29

Source:

Invitation to Lassila & Tikanoja’s Capital Markets Day on 26 November 2025

Oct -21

Source:

Insider information, positive profit warning: Lassila & Tikanoja specifies its outlook for 2025. Net sales are estimated to be at the same level as in the previous year, and adjusted operating profit is estimated to be EUR 44 – 48 million

Oct -15

Source:

Lassila & Tikanoja plc will publish Interim Report January-September on 29 October 2025

Oct -14

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.04%)

6. Segments

Facility Services

Expected Growth: 1.2%

Lassila & Tikanoja Oyj's Facility Services segment growth of 1.2% is driven by increasing demand for sustainable and energy-efficient solutions, cost savings from operational efficiency, and strategic partnerships with property owners and managers. Additionally, the segment benefits from the company's strong presence in the Nordic region and its ability to provide a wide range of services, including cleaning, property maintenance, and waste management.

Environmental Services

Expected Growth: 0.8%

Lassila & Tikanoja Oyj's Environmental Services segment growth of 0.8% is driven by increasing demand for waste management and recycling services, stringent environmental regulations, and growing awareness of sustainable practices among consumers and businesses. Additionally, the company's focus on innovative solutions and cost-efficient operations contributes to its steady growth.

Industrial Services

Expected Growth: 1.1%

Lassila & Tikanoja Oyj's Industrial Services segment growth of 1.1% is driven by increasing demand for waste management and recycling services, supported by stringent environmental regulations and growing industrial production in the Nordic region. Additionally, the company's focus on sustainability and cost-efficient solutions contributes to its steady growth.

7. Detailed Products

Waste Management Services

Lassila & Tikanoja Oyj provides waste management services to households, industries, and municipalities, including waste collection, transportation, and disposal.

Environmental Services

The company offers environmental services such as soil remediation, groundwater treatment, and environmental consulting to help customers manage environmental risks.

Recycling Services

Lassila & Tikanoja Oyj provides recycling services for paper, cardboard, glass, and other materials, helping customers reduce waste and increase recycling rates.

Food Waste Management

The company offers food waste management services, including collection, transportation, and treatment of food waste, to help reduce waste and produce biogas.

Demolition and Construction Waste Management

Lassila & Tikanoja Oyj provides demolition and construction waste management services, including waste sorting and recycling, to help customers manage waste generated during construction projects.

8. Lassila & Tikanoja Oyj's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Lassila & Tikanoja Oyj is moderate due to the availability of alternative waste management services.

Bargaining Power Of Customers

The bargaining power of customers is low due to the lack of concentration in the customer base and the limited ability of individual customers to influence prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the presence of multiple suppliers and the moderate level of differentiation in the industry.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry, including the need for significant capital investment and regulatory approvals.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of multiple competitors and the high level of competition for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	37.23%
Debt Cost	5.44%
Equity Weight	62.77%
Equity Cost	7.74%
WACC	6.88%
Leverage	59.30%

11. Quality Control: Lassila & Tikanoja Oyj passed 3 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Mo-BRUK

A-Score: 6.3/10

Value: 3.0

Growth: 6.7

Quality: 7.0

Yield: 8.1

Momentum: 6.5

Volatility: 6.3

1-Year Total Return ->

Lassila & Tikanoja

A-Score: 6.0/10

Value: 6.1

Growth: 2.7

Quality: 3.3

Yield: 7.5

Momentum: 7.0

Volatility: 9.3

1-Year Total Return ->

Derichebourg

A-Score: 5.3/10

Value: 8.9

Growth: 5.0

Quality: 3.6

Yield: 5.0

Momentum: 5.5

Volatility: 4.0

1-Year Total Return ->

Cambi

A-Score: 5.3/10

Value: 4.5

Growth: 6.8

Quality: 8.2

Yield: 3.1

Momentum: 7.5

Volatility: 1.7

1-Year Total Return ->

Pizzorno Environnement

A-Score: 4.6/10

Value: 5.7

Growth: 6.2

Quality: 3.9

Yield: 4.4

Momentum: 0.5

Volatility: 6.7

1-Year Total Return ->

Renewi

A-Score: 4.0/10

Value: 7.2

Growth: 2.7

Quality: 1.5

Yield: 0.0

Momentum: 8.5

Volatility: 4.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-4.57%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

6.88%

Lassila & Tikanoja Oyj - FI0009010854

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on LAT1V

1.c. Company Highlights

Higher Yield

Less Volatile

Stable Momentum

Earnings Miss

Revenues Miss

Weak Momentum

Earnings Beats

Lower Growth

Lower Quality

Revenues Beats

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.04%)

6. Segments

Facility Services

Expected Growth: 1.2%

Environmental Services

Expected Growth: 0.8%

Industrial Services

Expected Growth: 1.1%

7. Detailed Products

Waste Management Services

Environmental Services

Recycling Services

Food Waste Management

Demolition and Construction Waste Management

8. Lassila & Tikanoja Oyj's Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Lassila & Tikanoja Oyj passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

10.02$

Current Price

10.02$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA