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Employees: 2,595
Size Musti (MUSTI.HE) is a Finland Consumer Discretionary company (Specialty Stores) with a market value of $558M, the 49th largest of 65 Finland companies the cockpit tracks. Shares closed at €14.95 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against +1.6% for the median peer and -2.9% for the Finland market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +10.9%); the operating margin is 0.9% (peer median 5.4%).
Valuation It trades at 11.4× forward earnings against a peer median of 12.7× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 40% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +28 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 5.4 points below its cost of capital (6.4% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €544M | €509M | €561M | €426M | €391M |
| Revenue growth | — | -9% | +32% | +9% | — |
| Gross profit | €75.7M | €68.9M | €87.9M | €78.8M | €72.6M |
| EBITDA | €57.1M | €50.4M | €61.6M | €69.2M | €62.8M |
| Net income | -€7.14M | -€3.72M | €6.70M | €26.4M | €22.3M |
| Free cash flow | €14.7M | €35.7M | €20.9M | €64.7M | €27.6M |
| Capital expenditure | €24.5M | €21.7M | €19.2M | €11.9M | €14.2M |
| Total debt | €249M | €223M | €198M | €159M | €156M |
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 | MUSTI.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.9% | -0.6% | 7th highest of 21 |
| 6-month return | -8.8% | +1.6% | 8th lowest of 20 |
| Distance from 52-week high | -25.2% | -31.3% | 9th highest of 21 |
| Revenue growth (TTM) | -7.9% | +10.9% | 6th lowest of 21 |
| Operating margin | 0.9% | 5.4% | 5th lowest of 21 |
| Forward P/E | 11.4× | 12.7× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 40.3% | 3.1% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +12.3% | +9.6% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +28.0 pp | -2.6 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | -5.4 pp | +1.6 pp | 6th lowest of 21 |
| EV / EBITDA | 12.9× | 8.4× | 3rd most expensive of 12 |
| Net debt / EBITDA | 4.2× | 1.0× | 3rd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Musti MUSTI.HE | Finland | $558M | -9% | -8% | 1% | 11.4× | 40.3% | +12.3% |
| ME Group International MEGP.L | United Kingdom | $568M | -17% | +1% | 25% | 8.3× | -11.6% | +11.1% |
| Matas A/S MATAS.CO | Denmark | $542M | -19% | +4% | 6% | 8.6× | -1.0% | +16.1% |
| EVgo EVGO | United States | $576M | -7% | +31% | -27% | n/a | n/a | n/a |
| Sa Sa International 0178.HK | Hong Kong | $536M | +47% | +11% | 5% | 12.7× | 3.1% | +7.6% |
| ZJAMP 002758.SZ | China | $585M | -18% | +23% | 2% | n/a | n/a | n/a |
| Pan German Universal Motors 2247.TW | Taiwan | $532M | +2% | -22% | 3% | 8.4× | -8.1% | +5.4% |
| Sunny Loan Top 600830.SS | China | $531M | -21% | +11% | 35% | n/a | n/a | n/a |
| IDOM 7599.T | Japan | $601M | -28% | +17% | 3% | 8.5× | -6.7% | +8.1% |
| Cortina C41.SI | Singapore | $519M | +6% | +9% | 10% | n/a | -16.5% | +17.5% |
| Honest HNST | United States | $501M | +41% | -12% | -2% | 75.7× | 3.8% | +4.3% |
| MoneyMax Financial Services 5WJ.SI | Singapore | $499M | -56% | +39% | 26% | 6.3× | n/a | n/a |
| BYBON 300736.SZ | China | $495M | -4% | -36% | -8% | n/a | n/a | n/a |
| Temple & Webster TPW.AX | Australia | $494M | +23% | +11% | 1% | 44.3× | 48.2% | +15.3% |
| ValueMax T6I.SI | Singapore | $631M | -21% | +32% | 20% | 6.7× | n/a | n/a |
| V-Mart Retail VMART.NS | India | $636M | +14% | +18% | 6% | 38.9× | 36.5% | +28.6% |
| Qingdao Citymedia 600229.SS | China | $636M | +2% | -12% | -22% | n/a | n/a | n/a |
| Kid KID.OL | Norway | $640M | +23% | +5% | 11% | 17.7× | 5.0% | +5.7% |
| Wakefit Innovations WAKEFIT.NS | India | $484M | +4% | +17% | 6% | 40.9× | 31.0% | +22.4% |
| Outlet OUTLT.OL | Norway | $481M | n/a | +12% | 15% | n/a | -5.1% | n/a |
| Wuxi Commercial Mansion Grand Orient 600327.SS | China | $652M | +24% | -28% | 1% | 12.9× | 13.2% | -16.3% |