Monday, April 30, 2018

Helsinki Top 10 Over Billion Euro Companies

There are currently 36 companies listed in NASDAQ OMX Helsinki that exceed market cap of 1 billion euros. I ran my personalized screen to get top 10 list out of those companies.

I use a service provided by Valuatum.com via Pörssisäätiö to screen stocks listed in NASDAQ OMX Helsinki. I was not able to rank the following companies due to missing data: Nordea, Ericsson, SSAB and DNA.


Top 10


1 Orion

  • Score 2,6
  • Market cap 3,55 billion €


2 Citycon

  • Score 2,5
  • Market cap 1,68 billion €


3 YIT

  • Score 2,2
  • Market cap 1,26 billion €


4 Nokian Renkaat

  • Score 2,2
  • Market cap 4,6 billion €


5 Outokumpu

  • Score 2,0
  • Market cap 2,14 billion €


6 Sampo

  • Score 2,0
  • Market cap 24,94 billion €


7 Fortum

  • Score 1,9
  • Market cap 16,71 billion €


8 Elisa

  • Score 1,8
  • Market cap 6,15 billion €


9 Finnair

  • Score 1,7
  • Market cap 1,46 billion €


10 Sanoma

  • Score 1,7
  • Market cap 1,47 billion €


Average Score of all 101 companies in the research database: 1,5
Median Score: 1,4


Parameters used in screen (weight):
-------------------------------------------
 P/B estimate current year (13%)
 P/E estimate current year; next year (8%; 10%)
 Dividend yield estimate current year; next year (8%, 8%)
 ROA estimate current year (10%)
 ROI estimated 3 year average ending current year (8%)
 ROE estimated 3 year average ending next year (8%)
 Turnover estimated increase in 3 years ending next year (8%)
 Net Profit estimated increase in 3 years ending next year (8%)
 Gross Margin estimate current year (8%)
 Profit Margin estimate current year (8%)

The used parameters emphasize attractive valuation (31%), profitability in broad sense (26% weight), growth (16%) and dividend yield (16%).

The screen relies on estimates about future. Those combined with volatility of stock prices means that you should not try to chase screens like these (I don't). Ultimately any investment decision should be based on much more than just looking at the current numbers and estimates of future numbers.


Disclosure:
Author is long Citycon and Fortum.

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