Honkarakenne Oyj

Honkarakenne Oyj has a market price of 2.47 EUR and a market capitalization of 13.81 million EUR, with a price-to-book ratio of 1.44 and a negative EV/EBITDA of -4.33. The company's liquidity is assessed as medium, with a current ratio of 0.91 and negative operating cash flow of -364,000 EUR. Free cash flow is also negative at -3.15 million EUR, indicating cash flow constraints [doc:HA-latest]. Profitability metrics show a return on equity of -43.07% and a return on assets of -18.86%, both significantly below industry norms. The company reported a net loss of 4.12 million EUR and an operating loss of 3.99 million EUR, with a gross profit of 11.10 million EUR on total revenue of 37.17 million EUR. These figures suggest a challenging operating environment and a need for cost optimization [doc:HA-latest]. The company's geographic exposure is concentrated in Finland, with additional operations in Germany, France, Japan, and China. As of the latest data, Honkarakenne Oyj has five subsidiaries and a representative office in Beijing, indicating a modest international footprint. However, the revenue concentration by region is not disclosed, limiting visibility into geographic risk [doc:HA-latest]. Growth trajectory is uncertain, with no specific revenue growth projections provided. The company's capital expenditure of -1.22 million EUR suggests ongoing investment in operations, but the negative free cash flow and operating cash flow indicate financial constraints. The absence of analyst price targets beyond 2.70 EUR and a mean recommendation of 4.00 (neutral) further signals a cautious outlook [doc:HA-latest]. Risk factors include medium liquidity risk, with a current ratio below 1 and negative operating cash flow. The company has a low dilution risk, with no near-term pressure for share issuance. However, the negative net cash position after subtracting total debt raises concerns about short-term solvency [doc:HA-latest]. Recent events include the opening of a representative office in Beijing in 2014 and the launch of sales in China, indicating a strategic move to expand into Asian markets. No recent filings or transcripts are available to provide further insight into the company's operational or strategic developments [doc:HA-latest].