EN DE

NoHo Partners Oyj (NOHO) Fair Value & Analysis

Consumer Cyclical · FI · Market cap €157M

NP NoHo Partners Oyj NOHO · HE
Price€8.02
Fair Value€20.41
Upside+154.5%
Quality54/100
Watch NoHo Partners Oyj for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 8.9% net margin
Moderate debt · generates free cash flow
3.05% dividend yield
Ranks above peers (10/14)
Narrow moat 44/100
Evidence: High Range €15.31 – €47.04 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price +5.5% over the past month.

A solid business, screening 154% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€15.31). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (€15.31 to €47.04). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€9.25 €5.02 Fair Value €20.41 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €5.02 – €9.25 · fair‑value band €15.31 – €47.04 · the €8.02 price screens below the €20.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

NoHo Partners Oyj (NOHO) currently trades at €8.02, while our model-based Fair Value estimate is €20.41, implying the stock looks roughly 154.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, NoHo Partners Oyj generated revenue of €363M at a net margin of 8.9%. Revenue grew 5.8% year over year. It earns a return on equity of 10.7%. Net debt stands at €318M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €15.31 (bear case) to €47.04 (bull case); at €8.02, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 154%, NOHO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF €20.98 €38.04 €60.01 80
Residual Income €8.23 €11.36 €60.92 76
Rev-Margin DCF €14.09 €26.16 €42.72 74
All 26 models by family
DCF Models
FCF DCF €21.83 €39.20 €71.48 38
Owner Earnings €32.97 €60.55 €103.59 31
5Y Revenue Exit €14.09 €26.31 €42.83 39
5Y EBITDA Exit €27.12 €54.73 €90.77 41
5Y P/E Exit €20.08 €39.38 €62.23 38
10Y Revenue Exit €16.45 €28.48 €47.05 36
10Y EBITDA Exit €24.40 €46.88 €83.31 37
10Y P/E Exit €20.31 €36.94 €61.73 35
Earnings-Based
Graham-Dodd €10.53 €59.01 €81.96 54
Lynch FV €16.52 €23.59 €30.67 50
PEG = 1.0 €16.52 €23.59 €30.67 46
EPV €5.30 €6.48 €7.44 59
Dividend Discount
Gordon GGM €3.57 €5.99 €7.77 70
DDM Multi-Stage €3.57 €5.68 €6.44 61
Multiples
P/E Multiple €25.56 €34.08 €42.60 63
P/S Multiple €15.31 €20.41 €25.52 58
P/B Multiple €14.50 €19.33 €24.16 55
EV/EBIT €16.12 €23.00 €29.89 53
EV/EBITDA €33.52 €46.21 €58.90 54
EV/Revenue €9.39 €15.35 €21.32 43
Asset-Based
NCAV (Graham) €2.42 €3.24 €4.83 50
Growth DCF
Growth DCF €20.98 €38.04 €60.01 80
Rev-Margin DCF €14.09 €26.16 €42.72 74
Economic Profit
Residual Income €8.23 €11.36 €60.92 76
ROIC Compounder €5.52 €8.02 €10.81 72
Growth Earnings
Growth-Adj P/E €25.33 €36.19 €47.04 68

Widest divergence: DCF Models (€39.20) versus Asset-Based (€3.24). Highest evidence: Growth DCF (80).

Notify me when NOHO reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €363M
Revenue growth (YoY) +5.8%
Net margin 8.9%
Return on equity 10.7%
Free cash flow €55.4M FY2025
P/E ratio 16.5
More key figures
Operating margin 6.0%
EPS (TTM) €0.4300
Dividend yield 3.1%
EPS growth (YoY) -75.0%
Net debt €318M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 54

Profitability 53
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

NoHo Partners Oyj, together with its subsidiaries, engages in the restaurant business. Its restaurant concepts include Elite, Savoy, Teatteri, Sea Horse, Stefan's Steakhouse, Palace, Löyly, Strindberg, Jungle Juice Bar, Campingen, Cock's & Cows, Friends & Brgrs, and Holy Cow!.

Full company description

NoHo Partners Oyj, together with its subsidiaries, engages in the restaurant business. Its restaurant concepts include Elite, Savoy, Teatteri, Sea Horse, Stefan's Steakhouse, Palace, Löyly, Strindberg, Jungle Juice Bar, Campingen, Cock's & Cows, Friends & Brgrs, and Holy Cow!. The company operates restaurants, entertainment venues, and fast-food restaurants in Finland, Denmark, Switzerland, and Norway. It also hosts meetings, seminars, private celebrations, and other events. The company was formerly known as Restamax Oyj and changed its name to NoHo Partners Oyj in December 2018. The company was founded in 1996 and is based in Tampere, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NoHo Partners Oyj reported revenue of €358M in FY2025 versus €186M in FY2021, a compound +17.8%/yr. Reported net income was €32.6M in FY2025.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€358M
Avg. growth/yr (3Y) 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.
+31.9%
Avg. growth/yr (5Y) 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.
+9.4%
Avg. growth/yr (12Y) 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.
+17.6%
Revenue +17.8%/yr
FY21 €186M
FY22 €313M
FY23 €372M
FY24 €427M
FY25 €358M
Net income
FY21 −€10.3M
FY22 €1.5M
FY23 €7.9M
FY24 €11.3M
FY25 €32.6M
Character of growth · EPS growth decomposed (2014-2025) +12.2 % p.a.
Revenue per share +11.6 pp

of which total revenue +14.9 pp · buybacks/dilution −3.4 pp

EBIT margin +3.2 pp
Tax rate +1.5 pp
Residual (interest, one-offs) −4.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch NOHO: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "NoHo Partners Oyj Fair Value". https://www.fairvalue-calculator.com/stock/NOHO

Peer Group

Restaurants · 227 stocks

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.

Quality Score 54 · Below median
Fair Value upside +155% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.98× · Higher than 75% of peers

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 17.3× · Cheaper than median
P/B 1.78× · Pricier than median
P/S (TTM) 0.50× · Cheaper than median
P/FCF 3.3× · Pricier than median
EV/EBITDA 5.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 28
FUTURE 29 · sector 20
PAST 43 · sector 16
HEALTH 51 · sector 97
DIVIDEND 61 · sector 58

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

Compare NoHo Partners Oyj with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is NoHo Partners Oyj (NOHO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €20.41 versus a price of €8.02, about +154% (undervalued).
What is the fair value of NOHO?
Our model-based fair value for NoHo Partners Oyj is €20.41 (as of Jul 17, 2026), built from audited fundamentals. The current price is €8.02.
What is the quality score of NOHO?
NoHo Partners Oyj has a Quality Score of 54/100. 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 revenue of NoHo Partners Oyj (NOHO)?
NoHo Partners Oyj reported trailing-twelve-month revenue of about €363M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NOHO?
The net profit margin of NoHo Partners Oyj is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does NoHo Partners Oyj pay a dividend?
NoHo Partners Oyj currently shows a dividend yield of about 3.13% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track NoHo Partners Oyj and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.