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olivLaw · European equity research

Componenta Oyj CTH1V.HE

Finland · Nasdaq Helsinki · Vertical: Listed companies from Finland

6.48EUR−2.11% · 1 dayClose 05 Nov 2026

Componenta Oyj is a Finnish producer of cast and machined metal components for industrial customers, with plants in several European countries. 2024 was a difficult year: sales reached 97.1 million EUR while profitability stayed very low, which kept leverage and compliance with bank covenants in focus. The acquisition of Fortaco Group in October 2024 changed the size of the group, and how it performs will matter for the company's future.

At the close of 05 Nov 2026, Componenta Oyj (CTH1V.HE) stock was 6.48 EUR (−2.11% on the day), with market capitalisation 66.1 m EUR, P/E 324.0 on diluted EPS of 0.02 EUR over the last 12 months, beta 0.57, 52-week range 3.96–8.50 EUR.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
66.1 m EUR
shares as of 31 Dec 2024
P/E (TTM)
324.0
Diluted EPS TTM 0.02 · TTM to 31 Dec 2024
E/P (TTM)
0.31%
TTM to 31 Dec 2024
Dividend yield
unavailable
Beta (2y)
0.57
Volatility (1y) 32%
52-week range
3.968.50

Price history

Loading chart…

Technical reading

RSI (14)
32.9
weak (30–45)
Bollinger (20, 2)
6.54 – 7.71
below the lower band · %B -0.05 · band width 16.5%
SMA 50 / 200
7.34 / 5.84
mixed trend
MACD (12, 26, 9)
-0.20 / -0.13
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−11.2%+0.4%−11.6 pp—
3 months−13.4%−3.3%−10.1 pp—
6 months+35.8%+4.0%+31.9 pp—
Year to date+47.3%+8.1%+39.2 pp—
1 year+48.3%+10.7%+37.6 pp−2.6%
3 years+160.2%+50.1%+110.2 pp+4.1%
5 years+65.1%+43.6%+21.4 pp—
Max drawdown (1y)
−23.8%
18 Aug 2026 → 05 Nov 2026
Max drawdown (5y)
−45.5%
08 Nov 2021 → 21 Oct 2022
Compound annual growth (5y)
+10.5%
EURO STOXX 50 +7.5%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 100 percentile of its own 3-quarter history (min 14.8, median 138.0, max 234.0; quarters with earnings only).

Fiscal years

Fiscal year202220232024
Revenue109.1 m101.8 m97.1 m
Revenue YoYunavailable−6.7%−4.6%
Net income61.0 k1.5 m204.0 k
Net income YoYunavailable+2,436.1%−86.8%
Diluted EPS0.010.160.02
Diluted EPS YoYunavailable+1,500.0%−87.5%
net %0.1%1.5%0.2%
Free cash flowunavailableunavailableunavailable

Balance sheet & financial health

Fiscal year 2024 · 31 Dec 2024

Cash
8.7 m EUR
Financial debt
14.2 m EUR
Net debt
5.5 m EUR
Equity
25.8 m EUR
Total assets
63.4 m EUR
Debt / equity
0.55x
Current ratio
0.98x
ROE
0.8%
ROA
0.3%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2022
109.1 m
2023
101.8 m
2024
97.1 m

esef· 15 Apr 2025verified

Operating income
2022
1.6 m
2023
3.8 m
2024
2.6 m

esef· 15 Apr 2025verified

Interest expense
2022
1.7 m
2023
2.2 m
2024
2.4 m

esef· 15 Apr 2025verified

Pre-tax income
2022
-97.0 k
2023
1.6 m
2024
204.0 k

esef· 15 Apr 2025verified

Income tax
2022
-158.0 k
2023
21.0 k
2024
0

esef· 15 Apr 2025verified

Net income
2022
61.0 k
2023
1.5 m
2024
204.0 k

esef· 15 Apr 2025verified

Diluted EPS
2022
0.01
2023
0.16
2024
0.02

esef· 15 Apr 2025verified

Balance sheet · EUR

Cash
2022
8.6 m
2023
5.3 m
2024
8.7 m

esef· 15 Apr 2025verified

Receivables
2022
3.9 m
2023
2.8 m
2024
2.6 m

esef· 15 Apr 2025verified

Inventories
2022
13.3 m
2023
12.6 m
2024
14.0 m

esef· 15 Apr 2025verified

Current assets
2022
25.8 m
2023
20.7 m
2024
25.3 m

esef· 15 Apr 2025verified

Property, plant & equipment, net
2022
27.0 m
2023
31.0 m
2024
33.0 m

esef· 15 Apr 2025verified

Goodwill
2022
3.2 m
2023
3.2 m
2024
3.2 m

esef· 15 Apr 2025verified

Intangibles (excl. goodwill)
2022
2.0 m
2023
2.0 m
2024
1.6 m

esef· 15 Apr 2025verified

Total assets
2022
58.6 m
2023
57.3 m
2024
63.4 m

esef· 15 Apr 2025verified

Short-term debt
2022
3.6 m
2023
3.1 m
2024
3.5 m

esef· 15 Apr 2025verified

Long-term debt
2022
9.9 m
2023
11.3 m
2024
10.7 m

esef· 15 Apr 2025verified

Current liabilities
2022
24.1 m
2023
19.8 m
2024
25.9 m

esef· 15 Apr 2025verified

Total liabilities
2022
34.7 m
2023
31.7 m
2024
37.6 m

esef· 15 Apr 2025verified

Equity
2022
23.9 m
2023
25.6 m
2024
25.8 m

esef· 15 Apr 2025verified

Shares outstanding at year end
2022
—
2023
9.7 m
2024
10.2 m

esef· 15 Apr 2025derived

Cash flow · EUR

Operating cash flow
2022
6.2 m
2023
1.1 m
2024
8.2 m

esef· 15 Apr 2025verified

Investing cash flow
2022
-2.4 m
2023
-2.7 m
2024
-3.2 m

esef· 15 Apr 2025verified

Financing cash flow
2022
-401.0 k
2023
-1.7 m
2024
-1.6 m

esef· 15 Apr 2025verified

Computed indicators

Growth

Revenue growth (YoY)
-4.6%
computed by olivLawFY 2024
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-31.9%
computed by olivLawFY 2024
Net income growth (YoY)
-86.8%
computed by olivLawFY 2024
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
-87.5%
computed by olivLawFY 2024
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
2.6%
computed by olivLawFY 2024
Net margin
0.2%
computed by olivLawFY 2024
FCF margin
unavailable
input data missing

Returns

ROE
0.8%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROA
0.3%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROIC
7.8%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROCE
6.8%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
5.5 m EUR
computed by olivLawbalance sheet at 31 Dec 2024
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.5x
computed by olivLawbalance sheet at 31 Dec 2024
Interest coverage
1.0x
computed by olivLawFY 2024

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 31 Dec 2024
Quick ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2024
Cash ratio
0.3x
computed by olivLawbalance sheet at 31 Dec 2024

Cash

Operating cash flow
8.2 m EUR
computed by olivLawFY 2024
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
10 days
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
66.1 m EUR
computed by olivLawbalance sheet at 31 Dec 2024
Enterprise value
71.6 m EUR
computed by olivLawbalance sheet at 31 Dec 2024
Market cap / net income TTM
324.0x
computed by olivLawFY 2024
P/E (TTM)
324.0x
computed by olivLawFY 2024
Earnings yield
0.3%
computed by olivLawFY 2024
P/B
2.6x
computed by olivLawbalance sheet at 31 Dec 2024
P/S
0.7x
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
EV/EBITDA
unavailable
input data missing
EV/EBIT
27.9x
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
EV/Sales
0.7x
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 37.5% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

6.48 EUR

05 Nov 2026Source: olivLaw, closing series

Market cap: 66.1 m EUR

Key indicators

Market capitalisation
66.1 m EUR
computed by olivLawbalance sheet at 31 Dec 2024
P/E (TTM)
324.0x
computed by olivLawFY 2024
P/B
2.6x
computed by olivLawbalance sheet at 31 Dec 2024
EV/EBITDA
unavailable
input data missing
ROE
0.8%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Net margin
0.2%
computed by olivLawFY 2024
Revenue growth (YoY)
-4.6%
computed by olivLawFY 2024
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

24/37 reporting lines present
Latest full fiscal year: 2024
Latest reported period: 31 Dec 2024
Latest balance sheet date: 31 Dec 2024
Share count (cover of the latest filing), as of: 31 Dec 2024
Source: esefpublished 15 Apr 2025
verified 77derived 2

The data is older than the freshness threshold.

Score by group

38% · Insufficient data

Estimated value range

Low
0.17
EUR per share
Mid
0.23
EUR per share
High
0.37
EUR per share
Price: 6.48 EUR
The price is above the range
Potential to the central value: -96.5% (value / price − 1)
Margin of safety: -2,752.6% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.17 – 0.37 EUR.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (EUR per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/E0.17 – 0.37 (Mid 0.23)
    24 companies used · median multiple 11.4x · quartiles 8.3x – 18.4x
    ALMA.HE, APETIT.HE, ASPO.HE, ATRAV.HE, BIOBV.HE, CAPMAN.HE, CONSTI.HE, DIGIA.HE, ELEAV.HE, ELISA.HE, ENENTO.HE, ETTE.HE, FORTUM.HE, FSECURE.HE, GLA1V.HE, GRK.HE, HARVIA.HE, ICP1V.HE, ILKKA.HE, INVEST.HE, KALMAR.HE, KAMUX.HE, KCR.HE, KEMIRA.HE
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%

FactorValueScoreWeight used
ROIC · Quality7.8%42 (vs peers)28%
Net margin · Quality0.2%26 (vs peers)17%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet1.0x0 (on a fixed band)17%
Current ratio · Balance sheet1.0x15 (on a fixed band)11%
P/E (TTM) · Valuation324.0x0 (vs peers)28%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet6/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality36/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial0/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Componenta Oyj (CTH1V.HE). Latest full fiscal year: 2024; data up to 2024-12-31.

Figures computed from the financial statements: revenue 97.1 m EUR in 2024; YoY growth -4.6%; net margin 0.2%; ROE 0.8%.

The estimated value range is 0.17–0.37 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.23 EUR, the price of 6.48 EUR leaves a potential of -96.5% (value / price − 1) and a margin of safety of -2,752.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • Net margin: 0.2%
  • Interest coverage: 1.0x
  • Current ratio: 1.0x
  • P/E (TTM): 324.0x
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Listed companies from Finland · same country · compared with 39 companies

Multiples and returns vs the median

P/E
324.0x
vertical median 14.2x
above median (+2,188.9%)
EV/EBITDA
—
vertical median 6.3x
P/S
0.7x
vertical median 0.5x
above median (+41.2%)
P/B
2.6x
vertical median 1.4x
above median (+79.0%)
ROE
0.8%
vertical median 8.4%
below median (−90.6%)
Net margin
0.2%
vertical median 4.9%
below median (−95.7%)
EBIT margin
2.6%
vertical median 5.3%
below median (−50.6%)
Revenue YoY
-4.6%
vertical median 1.2%
below median (−477.1%)
Net debt/EBITDA
—
vertical median -0.1x
Dividend yield
—
vertical median 4.0%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
FORTUM.HEFortum Oyj20.8 bn27.28.7%15.3%−14.0%+32% / +81%
ELISA.HEElisa Oyj5.6 bn16.327.0%15.2%+3.0%−8% / −15%
KEMIRA.HEKemira Oyj2.5 bn13.610.5%6.6%−6.6%−17% / +4%
KALMAR.HEKalmar Oyj2.4 bn14.724.1%9.4%+1.2%+0% / unavailable
KCR.HEKonecranes Oyj2.2 bn5.620.3%9.5%−0.9%−4% / +134%
EXEL.HEExel Composites Oyj1.8 bn—-18.5%-5.3%+3.6%+163% / +74%
BITTI.HEBittium Oyj1.2 bn55.817.5%17.9%+40.1%+73% / +603%
ALMA.HEAlma Media Oyj1.2 bn21.223.0%16.9%+4.6%+9% / +57%
FIA1S.HEFinnair Oyj927.4 m50.42.9%0.6%+1.9%+54% / +22%
GRK.HEGRK Infra Oyj788.5 m18.327.8%4.9%+19.7%+52% / unavailable
HARVIA.HEHarvia Oyj768.7 m29.321.0%13.3%+13.5%−1% / +64%
ATRAV.HEAtria Oyj451.7 m11.19.8%2.2%+3.3%+13% / +57%
ANORA.HEAnora Group Oyj317.6 m57.81.4%0.8%−4.9%+26% / +11%
CAPMAN.HECapMan Oyj300.2 m23.16.8%20.9%+9.4%−8% / −20%
ICP1V.HEIncap Oyj261.0 m18.710.4%6.5%−6.7%−3% / +37%
FSECURE.HEF-Secure Oyj243.7 m10.943.4%15.3%−0.4%−17% / −23%
ASPO.HEAspo Oyj219.4 m9.315.4%5.0%+2.1%+2% / +9%
ETTE.HEEtteplan Oyj173.7 m16.48.8%2.9%+0.1%−27% / −51%
DIGIA.HEDigia Oyj131.6 m10.514.5%5.9%+5.5%−16% / −12%
ILKKA.HEIlkka Oyj93.8 m8.16.2%30.8%+22.6%+0% / +21%
CONSTI.HEConsti Oyj77.4 m11.615.3%2.0%+2.9%−8% / −6%
APETIT.HEApetit Oyj75.6 m8.48.2%5.4%+3.1%−14% / −3%
ESENSE.HEEnersense International Oyj74.9 m74.73.1%0.4%−27.7%+12% / +9%
CTH1V.HEComponenta Oyj66.1 m324.00.8%0.2%−4.6%+49% / +182%
KAMUX.HEKamux Oyj47.4 m10.34.2%0.5%+0.8%−40% / −77%

1- and 3-year price returns: for CTH1V.HE from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (EUR)

Estimated priceBearBaseBull
1 years
3.48
Total return -46% · Per year -46%
6.18
Total return -5% · Per year -5%
9.35
Total return 44% · Per year 44%
3 years
2.79
Total return -57% · Per year -24%
5.63
Total return -13% · Per year -5%
9.43
Total return 46% · Per year 13%
5 years
2.24
Total return -65% · Per year -19%
5.13
Total return -21% · Per year -5%
9.51
Total return 47% · Per year 8%
What moves the 3-year price the most
  • Exit P/E± 1.41
  • Net margin± 0.99
  • Annual revenue growth± 0.89
  • Annual dilution± 0.08

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Componenta Oyj is a Finnish producer of cast and machined metal components for industrial customers, with plants in several European countries. 2024 was a difficult year: sales reached 97.1 million EUR while profitability stayed very low, which kept leverage and compliance with bank covenants in focus. The acquisition of Fortaco Group in October 2024 changed the size of the group, and how it performs will matter for the company's future 1.

SWOT

Strengths

  • The company has a consolidated industrial base in Europe and long-standing relationships with heavy industry customers.
  • Contracts with price indexation offer partial protection against rising raw material costs.
  • The Fortaco Group acquisition could bring new capacity and customers into the portfolio.

Weaknesses

  • Profitability is very thin, which limits the ability to absorb cost or volume shocks.
  • During 2024 a financial covenant was breached and waivers from lenders were needed.
  • Reliance on credit lines and factoring makes liquidity sensitive to conditions in financial markets.

Opportunities

  • Integrating the acquired operations could generate cost synergies and extend the offer to existing customers.
  • A stronger industrial demand in Europe could restore volumes and margins affected in recent years.
  • Improving plant efficiency could support a recovery in profitability.

Threats

  • Geopolitical tensions could disrupt supply and push up the cost of materials and energy.
  • Trade tariffs could reduce the competitiveness of customers and, indirectly, the company's volumes.
  • Competitive pressure could lead to orders being moved to other suppliers.

Risks

  • Compliance with bank covenantshigh

    The covenant on net interest-bearing debt to adjusted EBITDA was breached at 30 June 2024, and the company needed waivers. If EBITDA falls again, covenants could be breached again.

  • Liquidity and fundinghigh

    Factoring, credit lines and the convertible bond arrangement are important funding sources. If they are not renewed, liquidity could come under pressure.

  • Raw material and energy costsmedium

    A sharp rise in the prices of steel, aluminium or energy could exceed indexation mechanisms and tie up capital in inventories.

  • Supply and delivery chainsmedium

    Difficulties in customers' component supply can halt their plants and reduce the volumes ordered from the company.

  • Integration of acquisitionsmedium

    Integrating the Fortaco Group operations could face operational difficulties and delay the expected synergies.

Investment thesis

What would need to be true (bull case)

  • If industrial demand in Europe recovers, the company's volumes and margins could rise noticeably, especially after the acquisition is integrated.
  • Price indexation mechanisms could limit the impact of cost increases on profitability over the medium term.
  • Synergies from the recent acquisition could improve plant efficiency and operating margin.

What would break the thesis

  • Very low profitability leaves little margin of safety against cost or volume shocks.
  • The recent covenant breach shows the financing structure can become restrictive quickly if results deteriorate.
  • If geopolitical tensions and tariffs intensify, customers could cut orders and the company could have fewer funding options.

What to watch

  • Delivery of the 2025 guidance for sales growth and adjusted EBITDA2025
  • Covenant compliance at 30 June and 31 December2025
  • Contribution of the Fortaco Group operations to sales and profitabilityQ1 2026
  • Extension of credit lines and factoring beyond September 20252025

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Componenta develops, produces and delivers cast and machined metal components for industrial customers, especially in construction machinery, trucks and industrial equipment. The business model rests on contracts with high-volume customers, where sales prices are adjusted, usually quarterly, through formulas indexed to raw material costs 1. The company operates as a consolidated group with activity across several European markets 1.

Main inputs are recycled steel and pig iron, structural steel, aluminium and electricity, whose availability at competitive prices is essential to operations 1. Cost risk is managed mainly through indexed price contracts, which limit direct exposure but can tie up extra working capital when raw material prices rise 1. The company also depends on the reliability of its plants, supply chains and IT systems 1.

Group funding combines operating cash flow, factoring of trade receivables, bank loans, credit limits valid until September 2025 and a convertible bond arrangement agreed in May 2024 1. Leverage and profitability are monitored continuously by management, and maintaining access to funding is essential for the company 1.

Segments

Casting and machining of industrial components

This segment is the core of the business, with components for customers in heavy industry and mobile equipment. Sales and margins depend on customer volumes, which have been affected by uncertainty around component supply and general economic conditions 1.

Operations acquired from Fortaco Group

Operations taken over from Fortaco Group on 1 October 2024 are included in group reporting only for the last quarter of 2024 and change the company's cost and customer structure 1. The full effect of this acquisition on sales and profitability can only be assessed in later periods 1.

Market context

The company's main market is cast components for the European industrial equipment and vehicle sector, where demand depends on industrial investment cycles and end-customer production. The annual report shows that customers' sales volumes, component availability and the geopolitical situation directly shape demand prospects 1. For 2025 the company expected sales and adjusted profitability to improve on the previous year 1.

Demand in this sector is sensitive to energy and raw material costs, as well as to trade tariffs, which can shift the competitiveness of European producers 1. If these pressures persist, the wider market could remain volatile for mid-sized component suppliers 1.

Trends

  • Geopolitical tensions and supplyheadwind

    The geopolitical situation in Eastern Europe and the Middle East has increased uncertainty over the availability and price of steel, energy and other materials. The company states it has no direct operations in those regions, but indirect effects on supply chains remain relevant 1.

  • Energy and raw material costsheadwind

    Electricity prices averaged a reasonable level in 2024 but showed very large swings from day to day. Rising raw material prices can require extra capital for inventories and slow cost recovery 1.

  • Price indexation in contractsmixed

    Most customer contracts include indexation mechanisms that update prices for changes in raw material costs, with a lag of about one quarter. This partly protects margins, but the delay can affect cash flow 1.

  • Acquisition and restructuringmixed

    Taking over the Fortaco Group operations could widen the customer base and productive capacity, but it also brings complex integration and extra funding needs. The end result depends on how quickly synergies are realised 1.

Competitive position

Componenta competes with European foundries and machining companies that offer similar metal component services to the same industrial customers. Differentiation is typically based on cost, production capacity, proximity to customers and delivery reliability 1.

Competitive pressure appears mainly as the risk that customers move volumes for price reasons, which could reduce the company's sales in the short term 1.

  • European foundries and machining companies

    Regional competitors in the same industrial segments, not linked to US capital markets.

  • Suppliers of metal components for construction machinery

    Companies serving the same end customers and competing on price and capacity.

  • Producers of components for trucks

    Competition in the heavy transport segment, where customers demand high volumes and stable deliveries.

  • Industrial groups with casting activities

    Larger companies with diversified portfolios that can compete through economies of scale.

News & filings

In the press

Annual reports (ESEF)

Sources

  1. [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Componenta Oyj · 31 Dec 2024

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.