Nurminen Logistics Oyj

Nurminen Logistics Oyj has a liquidity ratio of 0.34, indicating a weak ability to cover short-term liabilities with current assets. The company's cash and equivalents amount to EUR 6.26 million, which is significantly lower than its long-term debt of EUR 23.60 million, resulting in a negative net cash position.

The company's profitability is underperforming, with a return on equity of -3.44% and a return on assets of -0.94%. These figures are below the typical thresholds for healthy returns in the logistics industry, suggesting operational inefficiencies or cost overruns.

Geographically, the company's revenue is concentrated in its domestic market, with no disclosed international segments. This lack of diversification increases exposure to local economic conditions and regulatory changes.

The company's growth trajectory is uncertain, with a net loss of EUR 948,000 in the latest reporting period. While operating cash flow is positive at EUR 8.22 million, the free cash flow is only EUR 947,000, indicating limited capacity for reinvestment or debt reduction.

The risk assessment highlights medium liquidity risk and low dilution risk. The company's debt-to-equity ratio of 0.86 suggests a moderate level of leverage, but the negative net cash position raises concerns about its ability to meet long-term obligations.

Recent events include a net loss in the latest financial period, which may affect investor sentiment. Analysts have provided a mean price target of EUR 0.95, with a median of EUR 0.95, indicating a cautious outlook.

Analysts project 10.5% upside to a mean price target of EUR 0.95, suggesting undervaluation relative to current market price.

Free cash flow grew 19.3% year-over-year to EUR 11.4 million, demonstrating improved cash generation capabilities despite revenue declines.

Gross profit reached EUR 50.6 million in FY2026, maintaining strong top-line profitability margins despite overall revenue contraction.

Long-term debt decreased to EUR 41.8 million in FY2026, reflecting a deliberate deleveraging strategy to strengthen the balance sheet.

Net margin of -4.2% places the company in the bottom quartile of its logistics peer group.

High credit risk flags and a debt-to-equity ratio of 0.86 suggest elevated financial leverage concerns.

Revenue €25.5M, −21,2% YoY; Operating income −59,4% YoY.

• ▍Revenue €25.5M, −21,2% YoY
• ▍Operating income −59,4% YoY
• ▍Net income −64,1% YoY
• ▍Free cash flow +21,5% YoY
• ▍Net margin 2.4%

Revenue €25.2M, +10,0% YoY; Operating income −48,4% YoY.

• ▍Revenue €25.2M, +10,0% YoY
• ▍Operating income −48,4% YoY
• ▍Net income −313,0% YoY
• ▍Free cash flow +76,5% YoY
• ▍Net margin -4.1%

Revenue €23.8M, −1,3% YoY; Operating income −57,5% YoY.

• ▍Revenue €23.8M, −1,3% YoY
• ▍Operating income −57,5% YoY
• ▍Net income −81,3% YoY
• ▍Free cash flow −48,6% YoY
• ▍Net margin 4.0%

Revenue €27.9M, +23,9% YoY; Operating income +16,0% YoY.

• ▍Revenue €27.9M, +23,9% YoY
• ▍Operating income +16,0% YoY
• ▍Net income +255,4% YoY
• ▍Free cash flow +333,6% YoY
• ▍Net margin 5.3%

Revenue €32.4M; Operating income €6.2M.

• ▍Revenue €32.4M
• ▍Operating income €6.2M
• ▍Net margin 5.2%

Revenue €22.9M; Operating income €2.5M.

• ▍Revenue €22.9M
• ▍Operating income €2.5M
• ▍Net margin 2.1%

Revenue €24.2M; Operating income €7.6M.

• ▍Revenue €24.2M
• ▍Operating income €7.6M
• ▍Net margin 21.2%

Revenue €22.5M; Operating income €3.4M.

• ▍Revenue €22.5M
• ▍Operating income €3.4M
• ▍Net margin -4.2%

Revenue €109.4M, +4,4% YoY; Operating income −24,4% YoY.

• ▍Revenue €109.4M, +4,4% YoY
• ▍Operating income −24,4% YoY
• ▍Net income −56,5% YoY
• ▍Free cash flow +19,3% YoY
• ▍Net margin 2.8%

Revenue €104.8M, −18,1% YoY; Operating income −41,7% YoY.

• ▍Revenue €104.8M, −18,1% YoY
• ▍Operating income −41,7% YoY
• ▍Net income −50,4% YoY
• ▍Free cash flow −61,5% YoY
• ▍Net margin 6.8%

Revenue €128.0M, +4,4% YoY; Operating income +871,0% YoY.

• ▍Revenue €128.0M, +4,4% YoY
• ▍Operating income +871,0% YoY
• ▍Net income +1 476,5% YoY
• ▍Free cash flow +1 203,4% YoY
• ▍Net margin 11.2%

Revenue €122.5M, −13,3% YoY; Operating income −64,6% YoY.

• ▍Revenue €122.5M, −13,3% YoY
• ▍Operating income −64,6% YoY
• ▍Net income −108,8% YoY
• ▍Free cash flow −88,3% YoY
• ▍Net margin -0.8%