Rankings Construction & materials Luotea

Luotea

Construction & materials · FinlandRank 429 of 829Prices 3 Nov 2026Model 1.4

15070100

A good business with a real question mark: the price, a crack, or both.

Biggest deductions

Margin−9
Negative profit warning−6
Quality of growth−4

Strengths

Low debt+2
Insider buying+1

How the score is built

From 100 to 59, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.

100Start

59Score

Hover or select a step to see what drove it. Steps with findings open them below.

Key numbers

As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.

Price: 1.98 EUR
Median analyst target: 2.30 EUR
Upside to median: +16.2%
Analysts: 2
Target range: 2.20 – 2.40 EUR
52-week change: −80%
P/E (trailing): 0.5
Forward P/E: 8.2
PEG: n/a

Findings

Every deduction and every plus, with its source. Open a step to read them.

Business

Is the company getting stronger, not just bigger? · 4 findings−21 of −30

Margin
Adjusted EBITA only 2.9m EUR in H1 2026 (1.6% of revenue) and operating result 0.5m (0.3%); full-year 2025 gave 7.0m in adjusted EBITA on approx. 346m (2.0%).
inderes.fi
−9
Quality of growth
Revenue rose only 0.4% in H1 2026 (EUR 174.2m); cleaning and support in Finland fell 7%, while Sweden (+9%) and technical services (+5%) grew.
inderes.fi
−4
Moat
Labour-intensive, tender-based services where the company itself describes the Finnish market as marked by intense price competition and customers with savings programmes. Competitors such as ISS, Coor and SOL have greater scale.
inderes.fi
−4
The Swedish business
Facility services in Sweden has been loss-making for several years: L&T took write-downs and provisions of about EUR 28m in 2024, and Sweden still posted a loss in Q2 2026 (new Sweden head from 5/8/2026).
inderes.dk
−4

Price

Today's multiples against the company's own history and its peers. · 2 findings−6 of −35

Multiples vs peers
EV about EUR 77m versus adjusted EBITA 2026e of just over 7m = about 10–11x, and P/E 2026e about 12 – for a business with no growth and a margin below 2%. EV/revenue of 0.22 looks cheap, but Coor and ISS earn a 4–6% EBITA margin.
stockanalysis.com
−4
FCF yield
Operating cash flow after investments was −EUR 1.3m in H1 2026; a genuinely positive FCF yield for the continuing business is not documented.
inderes.fi
−2

Cracks

Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−11 of −35

Negative profit warning
Outlook for 2026 lowered on 11/9-2026: adjusted EBITA is now expected only to exceed 2025 (EUR 7.0m) instead of rising 'significantly', because Finnish cleaning continues to lose revenue.
inderes.fi
−6
Liquidity and working capital
Cash fell to 3.9m EUR (30 Jun) from 17.5m in Q1; current ratio 0.84, trade payables 68.6m and interest cover of only 1.7.
stockanalysis.com
−3
Restructuring
Approx. 70 employees are or will be made redundant and approx. 100 temporarily sent home for up to 30 days in H2 2026 - costs and risk of quality problems and customer losses.
inderes.fi
−2

Plus

Only documented strengths. · 2 findings+3 of +15

Low debt
No bank debt as of 30 Jun 2026 (5m EUR repaid in Q2); debt consists of leases of 13.2m EUR, net debt approx. 9m = under 1x EBITDA.
stockanalysis.com
+2
Insider buying
CEO Antti Niitynpää bought shares on 16/6-2026 (according to the Inderes forum approx. 5,300 shares); a small amount, but an open-market purchase.
inderes.fi
+1

Caveats

What the score does not capture, or where the data is weak.

Luotea is the former Lassila & Tikanoja (L&T), where the circular economy business was spun off as the new L&T on 31 Dec 2025; Luotea kept facility services. Stockanalysis' price history (-83% in a year) and TTM figures (net income EUR 149.7m, FCF 43.3m, P/FCF 1.6) are distorted by the spin-off and must not be used; there is no comparable multiple history before 2026. EPS 2026e (EUR 0.15) is from stockanalysis' consensus (2 analysts) and may not have been updated after the profit warning on 11 Sep 2026. Industry: facility services (cleaning, property management, technical services) is not on the list; 'Construction & materials' is the closest.