Added to YB: 2026-05-07
Pitch date: 2026-05-06
HARVIA.HE [neutral]
Harvia Oyj
Author Info
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Company Info
Harvia Oyj designs, manufactures, and markets a range of sauna products worldwide. The company provides sauna heaters and rooms, infrared and steam saunas, steam showers, spa components, Scandinavian hot tubs, control units, heater stones, and sauna accessories; and sauna interior solutions, such as sauna benches, audio speakers, and lighting solutions.
Market Cap
EUR 675.5M
Pitch Price
N/A
Price Target
36.00 (+1%)
Dividend
2.13%
EV/EBITDA
16.01
P/E
25.82
EV/Sales
3.69
Sector
Leisure Products
Category
growth
Bench and Watchlist - Q3 2026 - Harvia
HARVIA.HE (holding update): Leading global sauna player in 5%+ growth market. 20% op margins, 19% ROIIC, ~70% reinvestment rate w/ 50% dividend payout & 1x ND/EBITDA. Double-digit profit growth potential. Fairly priced at 20x EV/NOPAT (€36/share), 2%+ yield. Considering scaling up position after recent pullback.
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