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Employees: 735
Size Harvia (HARVIA.HE) is a Finland Consumer Discretionary company (Electronics/Appliances) with a market value of $858M, the 41st largest of 65 Finland companies the cockpit tracks. Shares closed at €40.95 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against -24.0% for the median peer and -2.9% for the Finland market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 11.6% over the last twelve months (peer median +3.5%); the operating margin is 18.9% (peer median 5.1%).
Valuation It trades at 24.7× forward earnings against a peer median of 21.6× (6th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.9 points above its cost of capital (9.4% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €219M | €199M | €175M | €151M | €172M |
| Revenue growth | — | +14% | +16% | -13% | — |
| Gross profit | €84.4M | €78.8M | €71.2M | €59.7M | €65.3M |
| EBITDA | €49.6M | €44.3M | €42.6M | €38.6M | €42.7M |
| Net income | €29.3M | €26.4M | €24.2M | €23.3M | €27.1M |
| Free cash flow | €17.2M | €16.0M | €23.7M | €33.1M | €19.7M |
| Capital expenditure | €12.0M | €14.8M | €6.15M | €3.12M | €3.59M |
| Total debt | €102M | €103M | €104M | €78.2M | €79.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HARVIA.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.8% | -6.6% | 9th highest of 21 |
| 6-month return | +6.8% | -24.0% | 4th highest of 20 |
| Distance from 52-week high | -14.1% | -41.4% | highest of 21 |
| Revenue growth (TTM) | +11.6% | +3.5% | 6th highest of 21 |
| Operating margin | 18.9% | 5.1% | 2nd highest of 21 |
| Forward P/E | 24.7× | 21.6× | 6th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 14.0% | 11.9% | 6th most demanding of 12 |
| Growth delivered (Del g) | +12.8% | +3.5% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | +1.2 pp | +11.1 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +6.9 pp | -2.0 pp | 7th highest of 21 |
| EV / EBITDA | 16.7× | n/a | — |
| Net debt / EBITDA | 1.2× | -5.2× | most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Harvia HARVIA.HE | Finland | $858M | +7% | +12% | 19% | 24.7× | 14.0% | +12.8% |
| Guangdong Hongjing Optoelectronic Technology 301479.SZ | China | $810M | -46% | +19% | 8% | n/a | n/a | n/a |
| JS Global Lifestyle 1691.HK | Hong Kong | $808M | +9% | 0% | 0% | 18.1× | 23.1% | -16.8% |
| Guoguang Electric 002045.SZ | China | $807M | -13% | -17% | -4% | 10.0× | n/a | n/a |
| Ningbo Dechang Electrical Machinery Made 605555.SS | China | $794M | -29% | +11% | 2% | 42.1× | 11.9% | +16.8% |
| Bear Electric Appliance 002959.SZ | China | $794M | -18% | -7% | 7% | 19.3× | -6.6% | +7.5% |
| Whirlpool China 600983.SS | China | $936M | -13% | -2% | 11% | 14.0× | -7.2% | -1.9% |
| Ningbo Hicon Industry Technology 001237.SZ | China | $969M | n/a | -10% | 14% | n/a | 9.9% | -10.3% |
| Alliance Material 3595.TWO | Taiwan | $760M | -71% | +200% | 35% | n/a | 45.5% | -2.5% |
| Woori Technology 032820.KS | South Korea | $984M | -64% | -2% | -12% | n/a | n/a | n/a |
| Cosonic Intelligent Technologies 300793.SZ | China | $747M | -7% | +15% | -5% | n/a | 50.0% | -4.4% |
| Guangdong Hotata Technology 603848.SS | China | $736M | -24% | +7% | 13% | 21.6× | 17.0% | +5.9% |
| Hefei I-TEK OptoElectronics 688610.SS | China | $1.01B | +18% | +72% | 14% | 45.9× | n/a | n/a |
| XGimi Technology 688696.SS | China | $1.01B | +7% | +4% | 2% | 27.9× | n/a | n/a |
| Ningbo Fujia Industrial 603219.SS | China | $1.03B | -26% | +3% | 4% | 55.6× | n/a | n/a |
| Hangzhou Heatwell Electric Heating Technology 603075.SS | China | $1.05B | -26% | +11% | 15% | n/a | 9.0% | +7.9% |
| Tonze New Energy Technology 002759.SZ | China | $694M | -68% | +106% | 16% | n/a | n/a | n/a |
| Aucma 600336.SS | China | $675M | -24% | -15% | -7% | n/a | n/a | n/a |
| Whirlpool Of India WHIRLPOOL.NS | India | $1.11B | -16% | +6% | 2% | 29.3× | 47.2% | +6.4% |
| Appotronics 688007.SS | China | $662M | -35% | -47% | -20% | n/a | n/a | n/a |
| Doshisha 7483.T | Japan | $660M | -12% | +3% | 9% | 11.9× | -19.9% | +3.5% |