Employees: 5,937
Size Lindex (LINDEX.HE) is a Finland Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $456M, the 53rd largest of 65 Finland companies the cockpit tracks. Shares closed at €2.48 on 6 Nov 2026.
Performance Over six months the shares gained 16.2%, against -6.3% for the median peer and -2.9% for the Finland market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +6.9%); the operating margin is 7.4% (peer median 3.5%).
Valuation It trades at 12.4× forward earnings against a peer median of 12.8× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.9 points above its cost of capital (5.0% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €979M | €952M | €940M | €952M | €982M |
| Revenue growth | — | +1% | -1% | -3% | — |
| Gross profit | €248M | €235M | €240M | €242M | €253M |
| EBITDA | €186M | €181M | €179M | €179M | €193M |
| Net income | €39.0M | €26.2M | €13.2M | €51.7M | €102M |
| Free cash flow | €138M | €92.7M | €51.6M | €36.8M | -€7.60M |
| Capital expenditure | €29.4M | €30.6M | €38.4M | €65.4M | €62.7M |
| Total debt | €627M | €678M | €686M | €659M | €622M |
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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 | LINDEX.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.5% | -0.9% | highest of 21 |
| 6-month return | +16.2% | -6.3% | 4th highest of 20 |
| Distance from 52-week high | -12.4% | -29.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.0% | +6.9% | 9th lowest of 21 |
| Operating margin | 7.4% | 3.5% | 8th highest of 20 |
| Forward P/E | 12.4× | 12.8× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | 5.8% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +3.8% | +6.3% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -11.0 pp | -6.9 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +0.9 pp | -2.3 pp | 7th highest of 20 |
| EV / EBITDA | 5.1× | 7.7× | 4th cheapest of 14 |
| Net debt / EBITDA | 2.9× | 3.0× | 10th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lindex LINDEX.HE | Finland | $456M | +16% | +4% | 7% | 12.4× | -7.2% | +3.8% |
| Shenzhen Pengfei Green Energy Development 002356.SZ | China | $458M | -29% | -23% | n/a | n/a | n/a | n/a |
| EEKA Fashion 3709.HK | Hong Kong | $442M | -20% | -4% | 8% | 6.8× | -19.3% | +2.6% |
| Caleres CAL | United States | $438M | -6% | +7% | 4% | 6.6× | 0.4% | +5.4% |
| Jinfa Labi Maternity & Baby Articles 002762.SZ | China | $429M | -4% | +12% | -14% | n/a | n/a | n/a |
| Arvind Fashions ARVINDFASN.NS | India | $486M | -25% | +13% | 8% | 26.8× | 16.6% | +22.5% |
| United Arrows 7606.T | Japan | $426M | -1% | +8% | 6% | 10.1× | -10.9% | +6.2% |
| Universal Store UNI.AX | Australia | $425M | +24% | +13% | 17% | 14.1× | 4.0% | +12.3% |
| Purple Style Labs PERNIASPOP.NS | India | $417M | n/a | +14% | -14% | n/a | n/a | n/a |
| Aditya Birla Fashion and Retail ABFRL.NS | India | $503M | -42% | -27% | -8% | n/a | n/a | n/a |
| Shoe Station SHOE | United States | $395M | -19% | -4% | 3% | 13.2× | 8.0% | +3.1% |
| boohoo DEBS.L | United Kingdom | $526M | +46% | +120% | 0% | 29.6× | n/a | n/a |
| Genesco GCO | United States | $390M | +3% | +3% | 1% | 11.6× | 14.5% | +6.4% |
| Citi Trends CTRN | United States | $375M | -3% | +11% | 1% | 22.1× | 49.7% | +0.9% |
| Smcp SMCP.PA | France | $368M | -17% | -1% | 9% | 6.3× | -6.7% | +6.9% |
| RVRC RVRC.ST | Sweden | $596M | -1% | +5% | 21% | 14.4× | 7.6% | +17.6% |
| Stitch Fix SFIX | United States | $346M | -23% | +6% | -2% | n/a | 10.2% | -8.5% |
| J.Jill JILL | United States | $333M | +70% | -2% | 8% | 10.3× | -5.4% | +6.9% |
| Redtape REDTAPE.NS | India | $624M | -18% | +14% | 14% | n/a | 10.2% | +18.1% |
| Designer Brands DBI | United States | $329M | -8% | -1% | 3% | 12.5× | 2.3% | +5.3% |
| Baazar Style Retail STYLEBAAZA.NS | India | $314M | -6% | +35% | 5% | 33.4× | n/a | n/a |