Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Lassila & Tikanoja Plc is a Finland-based circular economy company specializing in environmental management and support services. Founded in 1905 in Vaasa by Josef Lassila and Frithjof Tikanoja as a wholesale business, it has evolved through strategic transformations, particularly in the early 1990s, into a leader in waste management, recycling, and sustainable operations across Finland and Sweden. The company operates through key segments including Environmental Services, Industrial Services, and provides facility services, offering comprehensive solutions such as hazardous waste treatment, remediation, industrial process cleaning, water treatment, sewer maintenance, property technology, and energy management to extend asset lifecycles. With approximately 2,300 employees, Lassila & Tikanoja Plc manages around one million metric tonnes of waste annually, leveraging extensive infrastructure like 1,200 vehicles and 174,000 work sites to deliver nationwide services and economies of scale. Following a partial demerger effective December 31, 2025, it focuses exclusively on circular economy operations, transforming waste streams into valuable raw materials and supporting societal infrastructure for material reuse. This positions it as a market leader in Finland's fragmented waste management sector, addressing megatrends in sustainability.
€6.66
€0.06 (-0.89%)
EOD Jul 2, 2026
Operating margin is thin at 8.56%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.5%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 16% versus the prior year, cash generation momentum has weakened.
9.5x earnings, 7.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€424M
▲ +0.5% YoY
Net Income (TTM)
€27M
▼ -17.0% YoY
Op. Margin
8.56%
▼ -0.9pp YoY
ROIC
9.44%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€33M
▼ -16.1% YoY
Op. Cash Flow (TTM)
€43M
▲ +9.5% YoY
Net Debt
€56M
Cash & Equiv.
€2M
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At a P/E of 9.5 and a price-to-free-cash-flow of 7.8, Lassila & Tikanoja (LASTIK.XHEL) trades below a two-stage DCF intrinsic value of about €13.41 per share, so at €6.66 the stock looks undervalued (101.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Lassila & Tikanoja scores 44/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €13.41 per share for LASTIK.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €10.06. At today's €6.66, that puts the stock about 101.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Lassila & Tikanoja scores 44 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.6% operating margin and a 9.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. LASTIK.XHEL currently trades below its estimated intrinsic value and scores 44/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.