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← CockpitCompetitor Analysis › PUUILO.HE Puuilo OyjOpen in the cockpit ↗

Puuilo OyjPUUILO.HECompetitor analysis, valuation and peers

Finland · EUR·Consumer Discretionary›Electronics/Appliance Stores

Operates discount retail stores selling hardware, DIY, gardening and workwear products in Finland.

Momentum leader 97
Mkt cap
$1.76B
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$2.67M
20-day average traded
Fwd P/E
22.5×
forward earnings
ROIC−WACC
+31.1 pp
WACC 5.2%
Hurdle
-18 pp
Req g minus delivered
Next earnings
145 days
31 Mar 2027
Close · EUR€18.50
1D-0.4%
1W-1.3%
1M+7.1%
3M+8.7%
6M+45.7%
YTD+45.9%
1Y+32.8%
ATR %1.9%
52w lowhigh2.9% off high

What Puuilo does

Operates discount retail stores selling hardware, DIY, gardening and workwear products in Finland.

Buys goods in bulk, often importing directly, and sells them cheaply in large stores, so profit comes from volume and tight cost control. Growth comes mainly from opening new stores across Finland. It listed in Helsinki in 2021.

Products and services

  • Hardware/DIY products
  • Gardening products
  • Workwear/leisure clothing

Customers

  • Finnish consumers, DIY/hobbyist and rural/agricult

Where it sits in the supply chain

  • Retail
  • Discount hardware/DIY retail
  • Warehouse-format discount stores

What could go right

  • Store network expansion within Finland
  • Value/discount retail demand in inflationary periods

What could go wrong

  • Consumer discretionary spending sensitivity
  • Competition from larger DIY chains

Moat: narrow (cost advantage, scale). Low-cost, no-frills warehouse retail format undercuts traditional Finnish hardware/DIY retailers.

Headquarters: Kempele, Finland · Founded: 1982 · Employees: 950

Named competitors

  • K-Rauta (Kesko) private or unlisted
  • Bauhaus private or unlisted
  • Biltema private or unlisted

Puuilo at a glance

Size Puuilo (PUUILO.HE) is a Finland Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $1.76B, the 27th largest of 65 Finland companies the cockpit tracks. Shares closed at €18.50 on 6 Nov 2026.

Performance Over six months the shares gained 45.7%, against +3.9% for the median peer and -2.9% for the Finland market (cap-weighted) — 3rd highest of 19 in its peer set.

Growth Revenue grew 14.8% over the last twelve months (peer median +9.6%); the operating margin is 18.2% (peer median 3.1%).

Valuation It trades at 22.5× forward earnings against a peer median of 16.8× (5th most expensive of 15).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -18 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 31.1 points above its cost of capital (5.2% WACC).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026PUUILO.HE 145Peer median 105
Six months, rebased to 100: Puuilo against the median of its 19 peers (local-currency closes).

Puuilo financials

Reported figures in EUR; fiscal year ends 2026-01-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€474M€442M€383M€338M€296M
Revenue growth—+15%+13%+14%—
Gross profit€114M€102M€87.1M€73.3M€64.6M
EBITDA€110M€96.8M€83.8M€67.7M€60.8M
Net income€64.7M€56.0M€47.9M€38.7M€35.1M
Free cash flow€77.7M€69.5M€44.3M€54.5M€48.6M
Capital expenditure€6.30M€5.80M€7.10M€4.70M€2.60M
Total debtn/a€163M€133M€123M€123M

Quarterly statements and history in the cockpit →

Puuilo competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%DDR27308282PLBL0020247419FNACRERE12800025199831AVL75138173MOZNEMILJBH2681PUUILO.HE6-month return →1-month return →
Up and to the right = strong over both horizons. Puuilo is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%+1,500%50×100×DDR27308282002024RERE0025199831AVL8173PUUILO.HERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Puuilo is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%-25%0%25%50%DDR273082820020247419FNAC0025199831AVLMOZNEMILPUUILO.HEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Puuilo is the large dot.

Puuilo competitors and peer comparison

How Puuilo compares with its peers

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.

Puuilo against its 19 peers (data as of 6 Nov 2026)
MeasurePUUILO.HEPeer medianRank in peer set
1-month return+7.1%-3.2%4th highest of 20
6-month return+45.7%+3.9%3rd highest of 19
Distance from 52-week high-2.9%-23.1%2nd highest of 20
Revenue growth (TTM)+14.8%+9.6%7th highest of 19
Operating margin18.2%3.1%highest of 20
Forward P/E22.5×16.8×5th most expensive of 15
Growth the price implies (Req g, 7 yrs)-5.2%-0.6%6th least demanding of 16
Growth delivered (Del g)+13.1%+0.7%4th highest of 16
Hurdle (Req g minus delivered)-18.3 pp-3.1 pp2nd least demanding of 16
ROIC minus cost of capital+31.1 pp+3.0 pphighest of 19
EV / EBITDA15.3×8.1×4th most expensive of 12
Net debt / EBITDA1.1×1.6×6th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Puuilo PUUILO.HEFinland$1.76B+46%+15%18%22.5×-5.2%+13.1%
Dicker Data DDR.AXAustralia$1.78B+54%+12%6%22.4×9.9%+5.1%
Edion 2730.TJapan$1.64B+17%+4%4%15.1×-8.4%+0.7%
K's 8282.TJapan$1.64B-4%+5%4%10.0×-11.0%-0.8%
Polibeli PLBLUnited States$1.96B-28%n/a-29%n/an/an/a
Suning.com 002024.SZChina$1.48B-19%-34%-10%106.3×-3.0%-28.0%
Nojima 7419.TJapan$2.46B+8%+11%6%n/a-14.2%+13.4%
Fnac Darty FNAC.PAFrance$1.16B-1%+10%2%17.4×-0.6%+6.6%
ATRenew Inc. Sponsored ADR REREUnited States$944M-7%+35%3%8.5×n/an/a
China Qidian Guofeng 1280.HKHong Kong$930M+113%-6%-30%n/an/an/a
Jiangsu Yinhe Electronics 002519.SZChina$852M-38%+1,594%-9%16.2×56.2%-18.2%
Yamada 9831.TJapan$3.90B+41%+7%1%12.8×20.7%-0.7%
Aditya Vision AVL.NSIndia$714M-6%+28%7%40.4×33.5%+29.0%
Kojima 7513.TJapan$675M+15%+5%3%n/a-9.8%0.0%
Joshin 8173.TJapan$674M+42%+9%2%31.8×-3.7%-0.6%
mobilezone MOZN.SWSwitzerland$659M-12%-37%6%15.1×1.4%-6.1%
Electronics Mart India EMIL.NSIndia$588M+19%+17%5%24.0×12.0%+17.5%
JB Hi-Fi JBH.AXAustralia$5.86B+8%+5%7%18.1×6.7%+4.4%
SS Retail SSRETAIL.NSIndia$501Mn/a+47%4%n/an/an/a
GEO 2681.TJapan$467M0%+16%3%9.9×-7.5%+7.9%

Questions

Who are Puuilo's main competitors?
Named competitors: K-Rauta (Kesko) (private or unlisted), Bauhaus (private or unlisted), Biltema (private or unlisted). The cockpit's measured peer set (industry) also includes Dicker Data (DDR.AX), Edion (2730.T), K's (8282.T), Polibeli (PLBL), Suning.com (002024.SZ), Nojima (7419.T).
Is Puuilo expensive compared with its peers?
On forward p/e it trades at 22.5× against a peer median of 16.8×, 5th most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -18 pp: the price already allows for a slowdown.
How has Puuilo stock performed?
Over six months to 6 Nov 2026 the shares returned +45.7% against +3.9% for the median peer; over one year +32.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.