Oma Säästöpankki Oyj (OMASP.HE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1298.1%

€240.76

vs €17.22 price

Levered DCF

-€538.80

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.24

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.25×	5.89×	6.09×	10.06×	7.7×	10.19×	9.55×	8.85×
P/B	0.65×	0.61×	1.24×	1.53×	1.27×	0.89×	0.82×	0.62×
P/S	1.27×	0.86×	1.8×	3.46×	3.33×	2.68×	2.65×	2.14×
EV / EBITDA	35.65×	32.86×	20.63×	29.71×	22.33×	32.4×	31.76×	32.24×
Gross margin	69.6%	66.4%	66.3%	89.5%	96.9%	95.7%	94.1%	92.1%
Operating margin	15.5%	18.3%	37.0%	42.9%	54.5%	32.3%	33.0%	30.0%
Net margin	12.4%	14.6%	29.5%	34.3%	43.3%	26.4%	27.8%	24.3%
Current ratio	0.27×	0.1×	0.19×	0.13×	0.07×	0.11×	0.01×	0.02×
Debt / equity	4.48×	4.84×	5.61×	5.82×	4.44×	3.86×	3.01×	2.56×
Interest coverage	0.51×	0.55×	1.1×	4.09×	17.42×	7.55×	5.61×	3.78×
Dividend yield	2.9%	9.4%	2.0%	2.7%	2.5%	0.0%	1.6%	1.2%
Payout ratio	30.2%	55.7%	12.1%	27.1%	19.2%	0.0%	15.1%	10.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.4%	10.3%	20.3%	15.2%	16.5%	8.7%	8.6%	7.0%
Return on invested capital	1.1%	1.7%	2.9%	2.0%	2.8%	1.6%	2.1%	1.9%
Return on assets	0.5%	0.8%	1.4%	0.9%	1.2%	0.7%	0.8%	0.7%
Free cash flow yield	14.3%	53.9%	-87.2%	-23.1%	-93.4%	-45.2%	-82.3%	-150.6%
Earnings yield	9.8%	17.0%	16.4%	9.9%	13.0%	9.8%	10.5%	11.3%
Enterprise value	€2.1B	€2.7B	€3B	€2.3B	€2.1B	€1.4B	€1.2B	€901.6M
Net debt / EBITDA	28.89×	28.65×	16.06×	22.44×	16.89×	25.22×	24.9×	25.87×
Cash conversion cycle (days)	10	-85	-43	-156	-466	-651	-171	-106