Hiab HIAB.HE
FinlandIndustrials · Farm & Heavy Construction MachineryNasdaq Helsinki · EUR
71.60 EUR (+25.3%)
5 analysts
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Hiab Oyj is a Finnish manufacturer of cargo handling and material handling equipment, such as hydraulic cranes, loader cranes, and lifting systems, selling to distributors and industrial customers worldwide.
Listed on Nasdaq Helsinki · Symbol HIAB.HE · HEL: HIAB · Currency EUR
Key points
from its scores- ✓Very solid balance sheet7.4
- ✕Weak growth2.7
- !Risks to watch5.3
- !Average business quality5.6
AI analysis
bottom line, main risk, context and newsThe strength of the balance sheet and cash generation do not offset the lack of growth and recent earnings weakness.
Hiab Oyj presents solid financial health with net cash (Net Debt/EBITDA of -0.80) and exceptional free cash flow conversion (452.41%), but its growth is weak (revenue +0.30%, earnings -29.10%), which weighs on its appeal despite a reasonable valuation (forward P/E 14.42).
The main risk is the persistence of negative earnings growth (-29.10%), which could indicate a loss of competitiveness or weak demand in its heavy machinery sector.
Context and risks
No specific regulatory, geopolitical, or business model risks were identified for Hiab Oyj that are not already reflected in the quantitative metrics. The company operates in the heavy machinery sector with a net cash position, making it immune to current interest rate tensions. Its exposure to emerging markets is diversified and it does not depend on critical shipping routes or volatile commodities.
Is Hiab stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 21% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 29.2 | 25.4 | +15% |
| EV / EBITDA | 18.4 | 14.5 | +27% |
| Price / book | 3.6 | 4.1 | −10% |
| Price / sales | 2.4 | 2.1 | +17% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.7 out of 10 (median for Industrials: 5.0).
Average analyst target: 71.60 EUR, +25.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.6 (sector 5.8), Growth 2.7 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 29.2
- Forward P/E
- 14.4
- EV / EBITDA
- 18.4
- Price / book
- 3.6
- Price / sales
- 2.4
- PEG
- 1.67
- Market cap
- 3.7B EUR
- Enterprise value
- 3.5B EUR
Profitability
- ROE
- 12.3%
- ROA
- 4.3%
- ROIC (approx.)
- 8.6%
- Gross margin
- 29.1%
- Operating margin
- 12.3%
- Net margin
- 8.2%
- Free cash flow
- 871.4M EUR
- FCF yield
- 23.6%
- Cash conversion
- 452%
Solvency
- Total debt
- 1.2B EUR
- Net debt
- −154.6M EUR
- Cash
- 1.3B EUR
- EBITDA
- 192.6M EUR
- Net debt / EBITDA
- −0.80
- Debt / equity
- 114.45
- Current ratio
- 2.69
- Quick ratio
- 2.27
Growth
- Revenue growth
- +0.3%
- Earnings growth
- −29.1%
- EPS (TTM)
- 1.96 EUR
- EPS (forward)
- 3.96 EUR
Dividend
- Dividend yield
- 2.0%
- Payout
- 59.7%
Risk and market
- Beta
- 1.24
- Analyst consensus
- Strong buy (5)
- Target price
- 71.60 EUR
- 52-week range
- 39.78 – 66.00
Recent news
All HIAB.HE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Hiab
Is Hiab stock cheap or expensive?
On P/E and EV / EBITDA, it trades 21% above the Industrials median on average. Valuation score: 5.7 out of 10 (median for Industrials: 5.0). Average analyst target: 71.60 EUR, +25.3% versus the price. This is not investment advice.
What score does Hiab get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,248 of 2,130 (better than 39% of the companies analysed). Its strongest category is Financial health (7.4) and its weakest, Growth (2.7). Analysis of 08/10/2026.
What is Hiab's P/E ratio?
Its P/E is 29.2: the share price equals 29.2 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 14.4.
How much is Hiab worth on the stock market?
Its market capitalisation is 3.7B EUR and its enterprise value, debt included, is 3.5B EUR.
How much debt does Hiab have?
It has more cash than debt: net cash of 154.6M EUR.
Does Hiab pay a dividend?
Yes: its dividend yield is 2.05% and it pays out 60% of its earnings.
How has Hiab stock performed over the last year?
It has risen 17.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 39.78 and 66.00 EUR. Past performance does not guarantee future results.
What do analysts think of Hiab?
5 analysts cover it; their average recommendation is “Strong buy” and their average target is 71.60 EUR (+25.3% versus the price). It is an estimate, not market data.