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Employees: 6,443
Size Tokmanni (TOKMAN.HE) is a Finland Consumer Discretionary company (Specialty Stores) with a market value of $431M, the 56th largest of 65 Finland companies the cockpit tracks. Shares closed at €6.54 on 6 Nov 2026.
Performance Over six months the shares gained 5.1%, against +8.4% for the median peer and -2.9% for the Finland market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +6.4%); the operating margin is 2.7% (peer median 3.1%).
Valuation It trades at 10.6× forward earnings against a peer median of 14.0× (5th cheapest of 14).
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 +10%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points below its cost of capital (5.5% WACC).
Credit Tokmanni has 1 bond outstanding ($111M) and trading like BB- at a weighted spread of 296 bp.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.76B | €1.73B | €1.67B | €1.39B | €1.17B |
| Revenue growth | — | +3% | +20% | +19% | — |
| Gross profit | €200M | €234M | €244M | €215M | €188M |
| EBITDA | €209M | €212M | €221M | €191M | €155M |
| Net income | €103,000 | €36.3M | €48.4M | €54.0M | €58.7M |
| Free cash flow | €141M | €111M | €49.7M | €166M | €32.1M |
| Capital expenditure | €30.8M | €30.4M | €39.4M | €54.0M | €54.3M |
| Total debt | n/a | €959M | €836M | €868M | €392M |
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 | TOKMAN.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | +0.6% | 10th lowest of 21 |
| 6-month return | +5.1% | +8.4% | 9th lowest of 19 |
| Distance from 52-week high | -26.5% | -28.7% | 10th highest of 21 |
| Revenue growth (TTM) | +3.9% | +6.4% | 9th lowest of 20 |
| Operating margin | 2.7% | 3.1% | 9th lowest of 20 |
| Forward P/E | 10.6× | 14.0× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 4.7% | 7.6% | 7th least demanding of 14 |
| Growth delivered (Del g) | +10.0% | +4.0% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -5.3 pp | +4.1 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | -2.1 pp | -3.2 pp | 9th highest of 20 |
| EV / EBITDA | 6.1× | 9.5× | 3rd cheapest of 10 |
| Net debt / EBITDA | 4.3× | 1.8× | 4th most indebted of 15 |
| Bond spread | 296 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tokmanni TOKMAN.HE | Finland | $431M | +5% | +4% | 3% | 10.6× | 4.7% | +10.0% |
| Barnes & Noble Education BNED | United States | $436M | +20% | +5% | 3% | 13.2× | 7.6% | +3.6% |
| Bohus BOHUS.OL | Norway | $426M | n/a | n/a | n/a | n/a | n/a | n/a |
| Beijing Bashi Media 600386.SS | China | $415M | -17% | -27% | 1% | n/a | -2.9% | -2.9% |
| BHG BHG.ST | Sweden | $450M | +8% | +7% | 3% | 17.2× | 7.6% | +3.4% |
| ZXZN Qi-House 8395.HK | Hong Kong | $408M | +169% | +41% | -7% | n/a | 57.6% | +3.0% |
| Star Plus Legend 6683.HK | Hong Kong | $460M | -30% | -48% | -52% | n/a | n/a | n/a |
| D. P. Abhushan DPABHUSHAN.NS | India | $468M | +79% | +31% | 8% | n/a | n/a | n/a |
| AutoCanada ACQ.TO | Canada | $468M | +26% | 0% | 2% | 13.9× | n/a | n/a |
| MCLON Jewellery 300945.SZ | China | $395M | -35% | -19% | 6% | 18.6× | n/a | n/a |
| Camping World CWH | United States | $474M | -39% | -6% | 2% | 25.8× | 19.5% | +3.2% |
| Haverty Furniture Companies HVT | United States | $391M | +13% | +6% | 4% | 14.0× | 9.8% | +0.3% |
| Card Factory CARD.L | United Kingdom | $389M | +35% | +7% | 11% | 7.0× | -1.6% | +15.4% |
| G-7 7508.T | Japan | $389M | +8% | +8% | 3% | 10.2× | -6.9% | +7.3% |
| Outlet OUTLT.OL | Norway | $481M | n/a | +12% | 15% | n/a | -5.1% | n/a |
| Wakefit Innovations WAKEFIT.NS | India | $484M | +4% | +17% | 6% | 40.9× | 31.0% | +22.4% |
| Temple & Webster TPW.AX | Australia | $494M | +23% | +11% | 1% | 44.3× | 48.2% | +15.3% |
| BYBON 300736.SZ | China | $495M | -4% | -36% | -8% | n/a | n/a | n/a |
| MoneyMax Financial Services 5WJ.SI | Singapore | $499M | -56% | +39% | 26% | 6.3× | n/a | n/a |
| Honest HNST | United States | $501M | +41% | -12% | -2% | 75.7× | 3.8% | +4.3% |
| Build-A-Bear Workshop BBW | United States | $366M | -23% | -1% | 12% | 9.0× | -4.1% | +15.7% |
Tokmanni has 1 bond outstanding with $111M face value. Weighted yield 5.95%, a spread of 296 bp over government bonds.