Apetit Oyj

Apetit Oyj has a total equity of EUR 100.5 million and a total debt of EUR 7.4 million, resulting in a debt-to-equity ratio of 0.07, which is significantly lower than the industry median. The company's liquidity position is reflected in a current ratio of 3.21, indicating a strong ability to meet short-term obligations. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

Profitability metrics show a challenging performance, with a net income of EUR 0 and an operating income of EUR -100,000. The return on equity and return on assets are both at 0%, which is below the industry median for both metrics. This suggests that the company is not generating returns on its equity or assets effectively compared to its peers.

Apetit's revenue is concentrated in the food processing segment, with no disclosed geographic breakdown. The company's exposure to a single business line increases its vulnerability to market fluctuations in the food processing industry. There is no information on geographic diversification, which could be a risk factor if the company is heavily reliant on a specific region.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. The operating cash flow of EUR 6.8 million and capital expenditure of EUR -4 million suggest that the company is investing in its operations, but the lack of positive net income indicates that these investments have not yet translated into profitability.

Risk factors include a medium liquidity risk due to the negative net cash position after debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. The company has not made any recent public filings or transcripts that would indicate significant changes in its business strategy or financial position.

Recent events do not show any significant changes in the company's financial or operational status. The company's financial snapshot does not include any recent filings or transcripts that would indicate a shift in strategy or performance. The lack of analyst recommendations and price targets suggests limited analyst coverage or interest in the company.

Operating income surged 48.4% year-over-year to EUR 13.8 million in FY2026, demonstrating significant operational leverage despite revenue stagnation.

Net income grew at a 39.2% compound annual growth rate over four years, reaching EUR 9.0 million in FY2026.

Free cash flow improved dramatically by 366.7% year-over-year to EUR 4.2 million in FY2026, enhancing liquidity position.

The company maintains a low debt-to-equity ratio of 0.07, which is above the median for the Food Processing cohort.

Gross profit increased to EUR 57.7 million in FY2025, indicating strong top-line margin preservation despite declining revenue trends.

Revenue declined at a 12.3% compound annual growth rate over four years, falling to EUR 167.6 million in FY2026.

Operating margin of -0.27% places the company in the bottom quartile compared to the 5.74% median of the Food Processing cohort.

Net margin of 0.0% ranks in the bottom quartile against the 3.95% median for the Food Processing industry cohort.

Return on equity is 0.0%, significantly underperforming the 4.99% median return for the Food Processing cohort.

The single analyst recommendation is a strong sell with a target price of EUR 12.50, implying negligible upside.

Revenue €46.1M, +5,2% YoY; Net income −825,0% YoY.

• ▍Revenue €46.1M, +5,2% YoY
• ▍Net income −825,0% YoY
• ▍Net margin -6.3%

Revenue €41.4M, +2,2% YoY; Net income −33,3% YoY.

• ▍Revenue €41.4M, +2,2% YoY
• ▍Net income −33,3% YoY
• ▍Net margin 5.3%

Revenue €39.2M, +6,0% YoY; Operating income −700,0% YoY.

• ▍Revenue €39.2M, +6,0% YoY
• ▍Operating income −700,0% YoY
• ▍Net margin -3.6%

Revenue €43.8M; Operating income €2.3M.

• ▍Revenue €43.8M
• ▍Operating income €2.3M
• ▍Net margin 0.9%

Revenue €40.5M; Net margin 8.1%.

• ▍Revenue €40.5M
• ▍Net margin 8.1%

Revenue €37.0M; Operating income -€100.0k.

• ▍Revenue €37.0M
• ▍Operating income -€100.0k
• ▍Net margin 0.0%

Revenue €167.6M, +3,1% YoY; Operating income +48,4% YoY.

• ▍Revenue €167.6M, +3,1% YoY
• ▍Operating income +48,4% YoY
• ▍Net income +5,9% YoY
• ▍Free cash flow +366,7% YoY
• ▍Net margin 5.4%

Revenue €162.6M, −7,3% YoY; Operating income +25,7% YoY.

• ▍Revenue €162.6M, −7,3% YoY
• ▍Operating income +25,7% YoY
• ▍Net income −13,3% YoY
• ▍Free cash flow −81,6% YoY
• ▍Net margin 5.2%

Revenue €175.5M, −3,4% YoY; Operating income +105,6% YoY.

• ▍Revenue €175.5M, −3,4% YoY
• ▍Operating income +105,6% YoY
• ▍Net income +92,2% YoY
• ▍Free cash flow +308,3% YoY
• ▍Net margin 5.6%

Revenue €181.7M, −36,0% YoY; Operating income +24,1% YoY.

• ▍Revenue €181.7M, −36,0% YoY
• ▍Operating income +24,1% YoY
• ▍Net income +112,5% YoY
• ▍Free cash flow +220,0% YoY
• ▍Net margin 2.8%