Lassila & Tikanoja (LASTIK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lassila & Tikanoja €7.15, price €6.52, upside +9.7%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 23, 2026.
How to read this chart
9‑month range €6.49 – €7.97 · fair‑value band €4.40 – €11.57 · the €6.52 price screens below the €7.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 23, 2026.
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Lassila & Tikanoja Plc, together with its subsidiaries, engages in the circular economy businesses in Finland and Sweden. It is involved in waste management; circular economy materials; hazardous waste recycling; environmental construction; and process cleaning and sewer maintenance services.
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Lassila & Tikanoja Plc, together with its subsidiaries, engages in the circular economy businesses in Finland and Sweden. It is involved in waste management; circular economy materials; hazardous waste recycling; environmental construction; and process cleaning and sewer maintenance services. The company was founded in 1905 and is headquartered in Helsinki, Finland.
Stock analysis
Lassila & Tikanoja (LASTIK) currently trades at €6.52, while our model-based Fair Value estimate is €7.15, implying the stock looks roughly 8.8% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €11.51 per share, and 14 of the 22 models we run sit above the €6.52 price.
Bear case: the Earnings-Based group reads lowest at €2.44, and 8 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: €4.40 (bear) to €11.57 (bull), the price of €6.52 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Lassila & Tikanoja reported revenue of €427M in FY2025 versus €451M in FY2022, a compound −1.8%/yr. Reported net income was €25.8M in FY2025, compounding −10.1%/yr from FY2022.
Key figures
Market cap €249M · P/E ratio 10.0 · P/S ratio 0.61 · EPS (TTM) €0.6500 · Dividend yield 6.4% · Net margin 6.0% · Return on equity 12.1% · Return on assets (EBIT) 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 10%, LASTIK screens cheaper than that median.
Fair Value models
Bear €4.40Fair Value €7.15Bull €11.57
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.1689 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)6.4%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 8%
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +1.6% a year for the price and +1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (14 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 167 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets4% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)6.4% · Top 25%
Balance sheet
Debt / equity0.72× · Above median
Valuation Multiplesvs Waste Management median · lower = cheaper
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Is Lassila & Tikanoja (LASTIK) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €7.15 versus a price of €6.52, about +10% upside (fairly valued).
What is the fair value of LASTIK?
Our model-based fair value for Lassila & Tikanoja is €7.15 (as of Sep 23, 2026), built from audited fundamentals. The current price: €6.52.
What is the quality score of LASTIK?
Lassila & Tikanoja has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lassila & Tikanoja (LASTIK)?
Our model-based price target is the fair value of €7.15 (as of Sep 23, 2026) from 22 valuation models. Cautious scenario €4.40, optimistic scenario €11.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Lassila & Tikanoja stock forecast for 2026?
Our models put fair value at €7.15, about +10% upside versus a price of €6.52 (fairly valued). Cautious scenario €4.40, optimistic scenario €11.57. The calculation is refreshed regularly with new filings.
What is the revenue of Lassila & Tikanoja (LASTIK)?
Lassila & Tikanoja reported trailing-twelve-month revenue of about €432M (latest available figure, as of Sep 23, 2026).
Does Lassila & Tikanoja pay a dividend?
Lassila & Tikanoja currently shows a dividend yield of about 6.44% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Lassila & Tikanoja (LASTIK)?
For today's price to be fair in a discounted-cash-flow model, Lassila & Tikanoja would have to grow free cash flow by +3.8 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -1.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of LASTIK use?
Our models discount Lassila & Tikanoja at 12.9 %: a base by market capitalisation (micro), country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lassila & Tikanoja that is +3.8 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Lassila & Tikanoja (LASTIK) delivered so far?
Over the past 3 years revenue at Lassila & Tikanoja grew -1.8 % a year. The price currently implies +3.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lassila & Tikanoja (LASTIK) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Lassila & Tikanoja (+3.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lassila & Tikanoja (LASTIK)?
The free-cash-flow yield on the price is 13.17 %: that much free cash flow Lassila & Tikanoja produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lassila & Tikanoja (LASTIK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lassila & Tikanoja it is €7.15 per share (as of Sep 23, 2026), against a price of €6.52. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Lassila & Tikanoja stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LASTIK trades below its calculated fair value: price €6.52, fair value €7.15, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LASTIK?
No. The price is what the market pays today (€6.52); the fair value is what the company's own numbers justify (€7.15). For Lassila & Tikanoja the two are €0.6300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lassila & Tikanoja worth?
The market values Lassila & Tikanoja at about €249M (market capitalisation, as of Sep 23, 2026). Per share that is €6.52; our models calculate a fair value of €7.15 per share.
What do the bullish and bearish scenarios say about LASTIK?
Our models span a range for Lassila & Tikanoja: cautious scenario €4.40, base €7.15, optimistic €11.57 per share (as of Sep 23, 2026, price €6.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LASTIK?
Lassila & Tikanoja trades at a price-to-earnings ratio of 10.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €7.15 is built from several models across several years. Other multiples: P/B 1.6, P/S 0.7, EV/EBITDA 6.5.
How solid is the balance sheet of Lassila & Tikanoja (LASTIK)?
Balance-sheet figures for Lassila & Tikanoja (as of Sep 23, 2026): return on equity 12.1%, debt of 0.72 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
Which stocks are comparable to Lassila & Tikanoja?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lassila & Tikanoja stock attractive at the current price?
The data as of Sep 23, 2026: price €6.52, calculated fair value €7.15 (+10%), Quality Score 60/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LASTIK calculated?
We run Lassila & Tikanoja through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €7.15, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Lassila & Tikanoja currently trades 10 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lassila & Tikanoja (LASTIK)?
The closing price on Sep 24, 2026 was €6.52. Our model-based fair value is €7.15, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lassila & Tikanoja right now?
The model range is unusually wide (€4.40 to €11.57). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Lassila & Tikanoja
How large is the market capitalisation of Lassila & Tikanoja (LASTIK)?
The market capitalisation of Lassila & Tikanoja is €249M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lassila & Tikanoja (LASTIK)?
The price-to-sales ratio of Lassila & Tikanoja is 0.61 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lassila & Tikanoja (LASTIK)?
Earnings per share at Lassila & Tikanoja are €0.6500 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lassila & Tikanoja (LASTIK)?
The dividend yield of Lassila & Tikanoja is 6.4% (payout 64.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lassila & Tikanoja (LASTIK)?
The net margin of Lassila & Tikanoja is 6.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lassila & Tikanoja (LASTIK)?
The return on equity (ROE) of Lassila & Tikanoja is 12.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lassila & Tikanoja (LASTIK)?
On an EBIT basis the return on assets of Lassila & Tikanoja is 8.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lassila & Tikanoja (LASTIK)?
The operating margin of Lassila & Tikanoja is −1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lassila & Tikanoja (LASTIK)?
Revenue at Lassila & Tikanoja is growing +6.0% versus a year earlier (3y avg −1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lassila & Tikanoja (LASTIK)?
Earnings per share at Lassila & Tikanoja are growing −52.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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