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1. Company Snapshot

1.a. Company Description

Kojamo Oyj, a private residential real estate company, provides rental apartments and housing services in Finland.The company rents and manages apartments under the Lumo brand name.As of December 31, 2021, it operated 36,897 rental apartments.


The company was formerly known as VVO Group plc and changed its name to Kojamo Oyj in March 2017.Kojamo Oyj was incorporated in 1969 and is headquartered in Helsinki, Finland.

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1.b. Last Insights on KOJAMO

Kojamo Oyj's recent performance was negatively impacted by the sale of 44 residential properties, which led to a lowered outlook for 2025. This divestment is likely to weigh on the company's revenue and profitability in the short term. Furthermore, the company's half-year financial report revealed no significant positives to offset the negative impact of the property sales.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Kojamo plc's Interim Report 1 January-30 September 2025

Oct -30

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Assessing Kojamo Oyj (HLSE:KOJAMO) Valuation After Recent Share Price Uptick

Sep -11

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How Does Kojamo Stack Up After Helsinki Property Stocks Rally in 2025?

Sep -09

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Kojamo plc Half-Year Financial Report 1 January-30 June 2025

Aug -21

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Insider Information: Kojamo plc initiates share buyback program

Jul -31

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Insider information: Kojamo lowers its outlook for 2025 due to the sales of residential properties

Jul -31

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Insider Information: Kojamo has agreed to sell 44 residential properties

Jun -06

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Kojamo plc's Interim Report 1 January-31 March 2025

May -08

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.00%)

6. Segments

Rental Apartments and Housing Services

Expected Growth: 3.0%

Kojamo Oyj's 3.0% growth in Rental Apartments and Housing Services is driven by increasing demand for affordable housing in Finland, fueled by urbanization and a growing student population. Additionally, the company's focus on sustainable and modern living solutions, as well as its efficient operational model, contribute to its growth momentum.

7. Detailed Products

Lumo Homes

Lumo Homes is a rental apartment service that offers a wide range of apartments for rent in Finland.

VVO Homes

VVO Homes is a rental apartment service that provides affordable and comfortable living solutions.

Property Development

Kojamo's property development service focuses on developing and renovating properties to increase their value.

Real Estate Investment

Kojamo's real estate investment service provides investment opportunities in the Finnish real estate market.

Housing Services

Kojamo's housing services provide maintenance, repairs, and other services to property owners and tenants.

8. Kojamo Oyj's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Kojamo Oyj is moderate due to the availability of alternative housing options, such as renting or buying apartments from private landlords.

Bargaining Power Of Customers

The bargaining power of customers is low due to the lack of negotiating power of individual customers, and the company's strong brand reputation.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the company's dependence on a few large suppliers, but the company's strong financial position and long-term contracts mitigate this risk.

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 competitive nature of the Finnish real estate market, with several large players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 49.82%
Debt Cost 3.95%
Equity Weight 50.18%
Equity Cost 7.45%
WACC 5.71%
Leverage 99.30%

11. Quality Control: Kojamo 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

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VGP

A-Score: 5.8/10

Value: 3.1

Growth: 6.2

Quality: 7.0

Yield: 5.6

Momentum: 6.0

Volatility: 7.0

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Akelius Residential Property

A-Score: 4.8/10

Value: 4.6

Growth: 2.4

Quality: 5.2

Yield: 2.5

Momentum: 7.5

Volatility: 6.7

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Cushman & Wakefield

A-Score: 4.3/10

Value: 6.4

Growth: 4.4

Quality: 5.4

Yield: 0.0

Momentum: 7.5

Volatility: 2.3

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Wihlborgs Fastigheter

A-Score: 4.2/10

Value: 4.3

Growth: 4.8

Quality: 5.8

Yield: 7.5

Momentum: 1.0

Volatility: 2.0

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Kojamo

A-Score: 3.8/10

Value: 3.0

Growth: 2.8

Quality: 5.0

Yield: 0.0

Momentum: 6.5

Volatility: 5.7

1-Year Total Return ->

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Wallenstam

A-Score: 3.6/10

Value: 2.6

Growth: 4.3

Quality: 5.5

Yield: 1.9

Momentum: 1.5

Volatility: 6.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

10.44$

Current Price

10.44$

Potential

-0.00%

Expected Cash-Flows