olivLaw · European equity research
Robit Oyj ROBIT.HE
Finland · Nasdaq Helsinki · Vertical: Listed companies from Finland
Robit Oyj manufactures and sells consumables for rock and soil drilling for the mining and construction industries, with production in Finland, South Korea and England. In fiscal 2025 revenue fell to 78.762 million EUR, and the company issued a profit warning in October 2025.
At the close of 05 Nov 2026, Robit Oyj (ROBIT.HE) stock was 1.14 EUR (−3.40% on the day), with market capitalisation 24.9 m EUR, dividend yield 0.11%, beta 0.44, 52-week range 0.94–1.43 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 31.7
- weak (30–45)
- Bollinger (20, 2)
- 1.12 – 1.40
- in the lower half of the band · %B 0.06 · band width 22.3%
- SMA 50 / 200
- 1.30 / 1.21
- mixed trend
- MACD (12, 26, 9)
- -0.04 / -0.03
- 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
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −14.7% | −0.6% | −14.0 pp | — |
| 3 months | −15.0% | −4.2% | −10.8 pp | — |
| 6 months | +0.9% | +4.3% | −3.4 pp | — |
| Year to date | +6.1% | +7.5% | −1.4 pp | — |
| 1 year | +4.1% | +9.9% | −5.8 pp | −1.2% |
| 3 years | −9.6% | +49.8% | −59.4 pp | +6.8% |
| 5 years | −71.0% | +42.8% | −113.9 pp | — |
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.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 92.9 m | 90.3 m | 78.8 m |
| Revenue YoY | unavailable | −2.8% | −12.8% |
| Net income | -3.0 m | 1.1 m | -304.0 k |
| Net income YoY | unavailable | unavailable | −127.7% |
| Diluted EPS | -0.14 | 0.05 | -0.01 |
| Diluted EPS YoY | unavailable | unavailable | −120.0% |
| net % | -3.3% | 1.2% | -0.4% |
| Free cash flow | 8.0 m | 1.1 m | 5.0 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 9.5 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 43.0 m EUR
- Total assets
- 82.9 m EUR
- Debt / equity
- unavailable
- Current ratio
- 2.85x
- ROE
- -0.7%
- ROA
- -0.3%
- FCF margin
- 6.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 92.9 m | 90.3 m | 78.8 m | esef· 18 Mar 2026verified |
| Operating income | 116.0 k | 2.5 m | 1.4 m | esef· 18 Mar 2026verified |
| Depreciation & amortisation | 5.1 m | 3.9 m | 3.8 m | esef· 18 Mar 2026verified |
| EBITDA | 5.2 m ≈ | 6.4 m ≈ | 5.2 m ≈ | esef· 18 Mar 2026derived |
| Interest expense | 2.8 m | 1.9 m | 1.8 m | esef· 18 Mar 2026verified |
| Pre-tax income | -2.4 m | 1.0 m | 89.0 k | esef· 18 Mar 2026verified |
| Income tax | 592.0 k | -98.0 k | 326.0 k | esef· 18 Mar 2026verified |
| Net income | -3.0 m | 1.1 m | -304.0 k | esef· 18 Mar 2026verified |
| Diluted EPS | -0.14 | 0.05 | -0.01 | esef· 18 Mar 2026verified |
| Dividend per share | 0.02 | 0.00 | — | esef· 18 Mar 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 11.2 m | 9.0 m | 9.5 m | esef· 18 Mar 2026verified |
| Receivables | 16.8 m | 17.8 m | 14.6 m | esef· 18 Mar 2026verified |
| Inventories | 36.1 m | 40.2 m | 37.8 m | esef· 18 Mar 2026verified |
| Current assets | 66.1 m | 67.4 m | 62.2 m | esef· 18 Mar 2026verified |
| Property, plant & equipment, net | 19.6 m | 15.8 m | 13.2 m | esef· 18 Mar 2026verified |
| Goodwill | 5.3 m | 5.6 m | 5.3 m | esef· 18 Mar 2026verified |
| Intangibles (excl. goodwill) | 817.0 k | 717.0 k | 520.0 k | esef· 18 Mar 2026verified |
| Total assets | 94.0 m | 91.3 m | 82.9 m | esef· 18 Mar 2026verified |
| Accounts payable | 14.7 m | 16.8 m | 14.9 m | esef· 18 Mar 2026verified |
| Current liabilities | 21.5 m | 23.6 m | 21.8 m | esef· 18 Mar 2026verified |
| Total liabilities | 48.4 m | 45.1 m | 39.9 m | esef· 18 Mar 2026verified |
| Equity | 45.6 m | 46.2 m | 43.0 m | esef· 18 Mar 2026verified |
| Shares outstanding at year end | 21.8 m | 22.0 m | — | esef· 18 Mar 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 8.4 m | 1.5 m | 5.9 m | esef· 18 Mar 2026verified |
| Capex | 379.0 k | 431.0 k | 961.0 k | esef· 18 Mar 2026verified |
| Free cash flow | 8.0 m ≈ | 1.1 m ≈ | 5.0 m ≈ | esef· 18 Mar 2026derived |
| Investing cash flow | 1.1 m | 1.5 m | -998.0 k | esef· 18 Mar 2026verified |
| Financing cash flow | -4.1 m | -5.2 m | -4.2 m | esef· 18 Mar 2026verified |
| Dividends paid | 441.0 k | 27.0 k | 26.0 k | esef· 18 Mar 2026verified |
| Share repurchases | 150.0 k | 218.0 k | 0 | esef· 18 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 24.9 m EUR
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
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: 0.02 – 0.02 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 · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)0.02 – 0.02 (Mid 0.02)
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: score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -0.4% | 23 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 0.8x | 0 (on a fixed band) | 18% |
| Current ratio · Balance sheet | 2.9x | 100 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 19.9% | 100 (on a fixed band) | 24% |
| Shareholder yield (distributions) · Returns | 0.1% | 1 (on a fixed band) | 18% |
| Payout ratio (FCF) · Returns | 0.5% | 100 (on a fixed band) | 12% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial23/100 · 1/3 factors with a value
- Returns41/100 · 2/2 factors with a value
- Valuation· partial100/100 · 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
Robit Oyj (ROBIT.HE). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 78.8 m EUR in 2025; YoY growth -12.8%; net margin -0.4%; ROE -0.7%.
The estimated value range is 0.02–0.02 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.02 EUR, the price of 1.14 EUR leaves a potential of -98.3% (value / price − 1) and a margin of safety of -5,927.4% (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 (score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.9x
- FCF yield: 19.9%
- Payout ratio (FCF): 0.5%
What contradicts it
- Net margin: -0.4%
- Interest coverage: 0.8x
- Shareholder yield (distributions): 0.1%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA.
Versus the vertical median
Listed companies from Finland · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| FORTUM.HEFortum Oyj | 20.8 bn | 27.2 | 8.7% | 15.3% | −14.0% | +32% / +81% |
| ELISA.HEElisa Oyj | 5.6 bn | 16.3 | 27.0% | 15.2% | +3.0% | −8% / −15% |
| KALMAR.HEKalmar Oyj | 2.4 bn | 14.7 | 24.1% | 9.4% | +1.2% | +0% / unavailable |
| KCR.HEKonecranes Oyj | 2.2 bn | 5.6 | 20.3% | 9.5% | −0.9% | −4% / +134% |
| EXEL.HEExel Composites Oyj | 1.8 bn | — | -18.5% | -5.3% | +3.6% | +163% / +74% |
| BITTI.HEBittium Oyj | 1.2 bn | 55.8 | 17.5% | 17.9% | +40.1% | +73% / +603% |
| ALMA.HEAlma Media Oyj | 1.2 bn | 21.2 | 23.0% | 16.9% | +4.6% | +9% / +57% |
| FIA1S.HEFinnair Oyj | 927.4 m | 50.4 | 2.9% | 0.6% | +1.9% | +54% / +22% |
| GRK.HEGRK Infra Oyj | 788.5 m | 18.3 | 27.8% | 4.9% | +19.7% | +52% / unavailable |
| HARVIA.HEHarvia Oyj | 768.7 m | 29.3 | 21.0% | 13.3% | +13.5% | −1% / +64% |
| ATRAV.HEAtria Oyj | 451.7 m | 11.1 | 9.8% | 2.2% | +3.3% | +13% / +57% |
| ANORA.HEAnora Group Oyj | 317.6 m | 57.8 | 1.4% | 0.8% | −4.9% | +26% / +11% |
| CAPMAN.HECapMan Oyj | 300.2 m | 23.1 | 6.8% | 20.9% | +9.4% | −8% / −20% |
| ICP1V.HEIncap Oyj | 261.0 m | 18.7 | 10.4% | 6.5% | −6.7% | −3% / +37% |
| FSECURE.HEF-Secure Oyj | 243.7 m | 10.9 | 43.4% | 15.3% | −0.4% | −17% / −23% |
| ASPO.HEAspo Oyj | 219.4 m | 9.3 | 15.4% | 5.0% | +2.1% | +2% / +9% |
| ETTE.HEEtteplan Oyj | 173.7 m | 16.4 | 8.8% | 2.9% | +0.1% | −27% / −51% |
| DIGIA.HEDigia Oyj | 131.6 m | 10.5 | 14.5% | 5.9% | +5.5% | −16% / −12% |
| ILKKA.HEIlkka Oyj | 93.8 m | 8.1 | 6.2% | 30.8% | +22.6% | +0% / +21% |
| CONSTI.HEConsti Oyj | 77.4 m | 11.6 | 15.3% | 2.0% | +2.9% | −8% / −6% |
| APETIT.HEApetit Oyj | 75.6 m | 8.4 | 8.2% | 5.4% | +3.1% | −14% / −3% |
| ESENSE.HEEnersense International Oyj | 74.9 m | 74.7 | 3.1% | 0.4% | −27.7% | +12% / +9% |
| CTH1V.HEComponenta Oyj | 66.1 m | 324.0 | 0.8% | 0.2% | −4.6% | +49% / +182% |
| KAMUX.HEKamux Oyj | 47.4 m | 10.3 | 4.2% | 0.5% | +0.8% | −40% / −77% |
| GLA1V.HEGlaston Oyj Abp | 42.1 m | 35.4 | 1.8% | 0.6% | −4.2% | −12% / −32% |
1- and 3-year price returns: for ROBIT.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.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
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
Robit Oyj manufactures and sells consumables for rock and soil drilling for the mining and construction industries, with production in Finland, South Korea and England. In fiscal 2025 revenue fell to 78.762 million EUR, and the company issued a profit warning in October 2025 1.
SWOT
Strengths
- Recognised quality, delivery reliability and long-term customer relationships, supported by the Top Hammer, Down the Hole and Geotechnical ranges.
- A distribution network reaching over a hundred countries, plus its own sales and service points in seven countries.
- A relatively solid balance sheet, with an equity ratio that rose in 2025 and net debt that declined.
Weaknesses
- Revenue fell in 2025 and operating profitability remained low, which limits the capacity to reinvest.
- Dependence on a few important customers and on construction demand makes revenue vulnerable to cyclicality.
- Ownership is concentrated and share liquidity is limited, with a small number of trades on the exchange.
Opportunities
- A recovery in construction and mining demand could support higher volumes for drilling products.
- Optimising customers' drilling operations could increase sales of services and value-added products.
- Greater sustainability and lower emissions could strengthen its position with customers who require responsible suppliers.
Threats
- Rising raw material costs, if they cannot be fully passed on to customers, could reduce margins.
- Changes in taxes and customs tariffs in export countries could complicate international trade.
- Competition from global and regional suppliers may pressure prices and market share.
Risks
- Loss of important customershigh
The annual report identifies the loss of significant customers as a direct risk to the company's revenue and profitability.
- Construction demand trendshigh
A continued decline in overall demand in the construction industry could further affect volumes and prices.
- Raw material costsmedium
If cost increases cannot be fully passed on to customers, margins could be affected.
- Currency and financing risksmedium
Exchange rate fluctuations and the price and availability of financing may influence financial results.
- Cybersecurity and logistics riskslow
Cyberattacks, IT system failures and logistics problems could disrupt deliveries.
Investment thesis
What would need to be true (bull case)
- If demand in construction and mining recovers, Robit could benefit from higher volumes while already having a global distribution network.
- Growth in value-added products and drilling optimisation services could improve margins.
- A stronger balance sheet and lower emissions could support access to financing and relationships with customers who demand sustainability.
What would break the thesis
- If the decline in revenue continues, low operating profitability could limit investment and dividends.
- Dependence on a few large customers and a cyclical market could amplify revenue volatility.
- Cost and competitive pressure could reduce margins if prices cannot be adjusted.
What to watch
- Development of revenue and profitability against the October 2025 profit warning2026
- Order backlog and demand in construction and miningQ1 2027
- Raw material cost trends and ability to pass them on to customers2027
- Results in the next annual report and dividend policynext 10-K
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
Robit manufactures and sells drilling consumables for rock and soil internationally, serving mining and construction markets. Its main products include the Top Hammer, Down the Hole and Geotechnical ranges, which aim to reduce drilling costs for customers 1. The company has its own sales and service points in seven countries and a dealer network that reaches over 100 countries, and its shares are listed on Nasdaq Helsinki 1.
Segments
Rock drilling consumables
The core segment covers Top Hammer and Down the Hole consumables used in rock drilling for mining and construction. The company highlights optimising customers' drilling operations as a key element of its offering 1.
Geotechnical and soil drilling
The Geotechnical range serves soil drilling and geotechnical applications. Robit links these products to value-adding services and to training dealers so they can match the right product to each end user 1.
Market context
Demand depends on global construction activity, especially building construction, and on mining investment. The annual report indicates that weaker construction market demand directly contributed to the decline in revenue in 2025 1.
Robit sells through distributors in over 100 countries, which diversifies its geographic exposure. Revenue nonetheless remains sensitive to large projects and to decisions by major customers 1.
Trends
- Weaker construction demandmixed
The annual report shows that the main factor affecting revenue and profitability is the overall development of demand in the construction industry. A recovery in this demand could support the company's revenue.
- Raw material cost pressureheadwind
The company notes that passing on raw material cost increases in full to customer prices may create a financial risk. If prices cannot be fully adjusted, margins could be affected.
- Decarbonisation and sustainabilitytailwind
Robit reduced its Scope 1 and 2 emission intensity by 44.1% against 2020 through concentrating production and using carbon-free electricity. This trend could support customer requirements for sustainable suppliers.
- Tariffs and international tradeheadwind
Changes in tax and customs legislation in export countries could complicate trade and reduce profitability. Robit depends on exports to many markets and is therefore exposed to such changes.
Competitive position
The annual report does not name competitors, but the company operates in a drilling consumables market where specialist suppliers compete on performance, durability and service. Robit's advantage rests on quality, delivery reliability and customer relationships 1.
Differentiation rests on joint testing with customers, drilling technologies and training of sales teams and distributors. The loss of important customers is cited in the report as a distinct risk 1.
- Global drilling consumables suppliers
The annual report does not name competitors; only suppliers in the industry are mentioned in general terms.
- Regional drilling tool producers
Local competition in countries where Robit has production or sales points, with no names given in the source.
- Asian distributors and manufacturers
Competitors from Asia, including the region where Robit has a production unit, with no names given in the source.
- European drilling equipment producers
Competition in Europe for mining and construction customers, with no names given in the source.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202518 Mar 2026
- Annual report 202418 Mar 2025
- Annual report 202418 Mar 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Robit Oyj · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.