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NYAB

NYAB

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Financials

EURm 2025 2026e 2027e
Sales 547 585 621
Rental income 547 585 621
Sales growth (%) 58,2 7 6
Rental growth 58,2 7 6
EBITDA 37 45 47
NOI N/A N/A N/A
EBITDA margin (%) 6,8 7,6 7,6
NOI margin (%) 0 0 0
EBIT adj. 32 39 42
CEPS 0 0 0
EBIT adj. margin (%) 5,9 6,7 6,7
CEPS growth (%) N/A N/A N/A
Pretax profit 29 36 40
DPS 0,01 0,02 0,02
EPS 0,03 0,04 0,05
EPRA NRV per share 0 0 0
EPS adj. 0,03 0,04 0,05
EPS growth (%) 64,1 21,8 -100
P/CEPS N/A N/A N/A
EV/EBITDA (x) 9,8 8 7,2
P/E (x) 17,8 13,9 12,6
EV/EBIT adj. (x) 11,3 9 8,2
P/EPRA NRV N/A N/A N/A
Implicit yield (%) 0 0 0
P/E adj. (x) 15,6 12,3 11,2
Dividend yield (%) 1,8 2,8 3,6
EV/sales (x) 0,67 0,61 0,55
Net LTV (%) N/A N/A N/A
FCF yield (%) -0,9 6,8 7,6
Le. adj. FCF yld. (%) -1,2 6,5 7,3
Net IB debt/EBITDA (x) 0 -0,3 -0,6
Le. adj. ND/EBITDA (x) -0,2 -0,5 -0,7
EURm 2025 2026e 2027e
Rental income 547 585 621
Sales 547 587 634
COGS -431 -461 -497
Other income N/A N/A N/A
Gross profit 116 126 137
Operating costs -547 -585 -621
Other operating items -78 -82 -89
NOI N/A N/A N/A
EBITDA 37 43 48
NOI margin (%) 0 0 0
Depreciation and amortisation -5 -5 -6
Adm. costs N/A N/A N/A
of which leasing depreciation 0 0 0
All other income & costs 33 39 42
EBITA 32 38 42
Recurring EBIT N/A N/A N/A
EO Items 0 0 0
Net financial items -2 -2 0
Impairment and PPA amortisation -2 -2 -2
Income from property management -2 -2 0
EBIT 31 36 40
Value chg. realized N/A N/A N/A
Value chg. unrealized N/A N/A N/A
Pretax profit 28 35 39
Value chg. derivatives N/A N/A N/A
Tax -6 -7 -8
Net profit 22 28 31
Deferred tax 0 0 0
Minority interest 0 0 0
Current tax -6 -7 -8
Net profit discontinued 0 0 0
Net profit to shareholders 22 28 31
EPS 0,03 0,04 0,04
Div. Pref/D-shares and hybrids N/A N/A N/A
EPS adj. 0,03 0,04 0,05
Total extraordinary items after tax 0 0 0
Cash earnings N/A N/A N/A
Leasing payments 0 0 0
Other related information N/A N/A N/A
Tax rate (%) 22,8 21 21
Tax Rate (%) 21,4 20 20
Gross margin (%) 21,1 21,4 21,6
Investments in developments N/A N/A N/A
EBITDA margin (%) 6,8 7,4 7,5
Acquisitions N/A N/A N/A
EBITA margin (%) 5,9 6,5 6,6
Other investments N/A N/A N/A
EBIT margin (%) 5,6 6,2 6,3
Divestments N/A N/A N/A
Pre-tax margin (%) 5,1 6 6,1
Net margin (%) 4 4,7 4,8
CEPS 0 0 0
Growth Rates y-o-y N/A N/A N/A
Dividend per share 0,01 0,02 0,02
Sales growth (%) 58,1 7,3 8
Payout ratio of CEPS N/A N/A N/A
EBITDA growth (%) 22,5 16,8 10
Rental growth 58,16 7 6
EBITA growth (%) 22,3 18,3 10,3
NOI growth N/A N/A N/A
EBIT growth (%) 20,9 18,5 10,7
CEPS growth N/A N/A N/A
Net profit growth (%) 24 27,2 11,1
Profitability N/A N/A N/A
EPS growth (%) 64,1 21,8 -100
ROE (%) 10,8 12,7 13
ROE adj. (%) 11,6 13,5 13,8
ROCE (%) 14,8 15,6 16,1
ROCE adj. (%) 15,5 16,4 16,8
ROIC (%) 13,4 15,4 16,7
ROIC adj. (%) 13,4 15,4 16,7
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 37 43 48
EBITDA adj. margin (%) 6,8 7,4 7,5
EBITDA lease adj. 37 43 48
EBITDA lease adj. margin (%) 6,8 7,4 7,5
EBITA adj. 32 38 42
EBITA adj. margin (%) 5,9 6,5 6,6
EBIT adj. 32 38 42
EBIT adj. margin (%) 5,9 6,5 6,6
Pretax profit Adj. 30 37 41
Net profit Adj. 23 29 33
Net profit to shareholders adj. 23 29 33
Net adj. margin (%) 4,3 5 5,1
EURm 2025 2026e 2027e
EBITDA 37 43 48
Goodwill 139 139 139
Net financial items -2 -1 -1
Other intangible assets 9 9 10
Paid tax -5 0 0
Tangible fixed assets 14 15 16
Non-cash items 1 -7 -8
Right-of-use asset 6 6 6
Cash flow before change in WC 31 35 38
Total other fixed assets 19 19 19
Change in working capital 12 -1 -1
Fixed assets 186 188 190
Operating cash flow 43 34 37
Inventories 1 2 2
Capex tangible fixed assets -2 -9 -10
Receivables 132 142 154
Capex intangible fixed assets 0 0 0
Other current assets 0 0 0
Acquisitions and Disposals -29 0 0
Cash and liquid assets 31 46 60
Free cash flow 12 25 28
Total assets 351 378 405
Dividend paid -7 -10 -11
Shareholders equity 210 227 244
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -2 -2 -2
Total equity 210 227 244
Other non-cash items -5 2 -1
Long-term debt 4 4 4
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 6 6 6
Total other long-term liabilities 6 6 6
Short-term debt 6 6 6
Accounts payable 119 129 140
Other current liabilities 0 0 0
Total liabilities and equity 351 378 405
Net IB debt -15 -30 -44
Net IB debt excl. pension debt -15 -30 -44
Net IB debt excl. leasing -22 -36 -50
Capital employed 225 243 260
Capital invested 194 197 200
Working capital 14 15 16
Market cap. diluted (m) 388 388 388
Net IB debt adj. -15 -30 -44
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 372 358 344
Total assets turnover (%) 172 161 161,8
Working capital/sales (%) 3,1 2,4 2,4
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) -7,4 -13,3 -18
Net debt / market cap (%) -4 -7,8 -11,3
Equity ratio (%) 59,7 60,1 60,2
Net IB debt adj. / equity (%) -7,4 -13,3 -18
Current ratio 1,31 1,41 1,48
EBITDA/net interest 15 33 36,3
Net IB debt/EBITDA (x) -0,4 -0,7 -0,9
Net IB debt/EBITDA lease adj. (x) -0,6 -0,8 -1
Interest coverage 8,9 24,5 27
EURm 2025 2026e 2027e
Shares outstanding adj. 707 707 707
Diluted shares adj. 707 707 707
EPS 0,03 0,04 0,04
Dividend per share 0,01 0,02 0,02
EPS adj. 0,03 0,04 0,05
BVPS 0,3 0,32 0,35
BVPS adj. 0,09 0,11 0,13
Net IB debt/share -0,02 -0,04 -0,06
Share price 5,8 5,8 5,8
Market cap. (m) 388 388 388
P/E (x) 17,8 14 12,6
EV/sales (x) 0,7 0,6 0,5
EV/EBITDA (x) 10 8,2 7,2
EV/EBITA (x) 11,5 9,4 8,2
EV/EBIT (x) 12,1 9,8 8,6
Dividend yield (%) 2,6 2,7 3,6
FCF yield (%) 3 6,4 7,1
Le. adj. FCF yld. (%) 2,6 5,8 6,6
P/BVPS (x) 1,85 1,71 1,59
P/BVPS adj. (x) 5,48 4,39 3,68
P/E adj. (x) 16,9 13,3 12
EV/EBITDA adj. (x) 10 8,2 7,2
EV/EBITA adj. (x) 11,5 9,4 8,2
EV/EBIT adj. (x) 11,5 9,4 8,2
EV/CE (x) 1,7 1,5 1,3
Investment ratios N/A N/A N/A
Capex/sales (%) 0,4 1,5 1,5
Capex/depreciation 0,5 1,7 1,7
Capex tangibles / tangible fixed assets 15,9 58,8 59,1
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 34,9 34,9 35,1

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

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P/E

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A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

145,0

EV/EBIT

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EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

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101,4

EV/Sales

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EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

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6,5

P/BVPS

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P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

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16,8