Added to YB: 2026-09-23
Pitch date: 2026-07-07
HARVIA.HE [bullish]
Harvia Oyj
+12.76%
current return
Author Info
No bio for this author
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 797.1M
Pitch Price
EUR 39.20
Price Target
N/A
Dividend
1.81%
EV/EBITDA
17.98
P/E
28.25
EV/Sales
4.06
Sector
Leisure Products
Category
growth
Harvia Oyj - $HARVIA.HE
HARVIA.HE: Harvia has turned its Finnish heater heritage into the leading global sauna platform, with safety-critical heaters, controls and replacement products anchoring its moat and North America driving growth. From a 5% forward FCF yield, the base case offers a mid-teens IRR at an 18x exit multiple if double-digit growth and >20% adjusted EBIT margins persist. Main risks are U.S. adoption disappointing or growth skewing toward lower-margin entry cabins rather than premium systems, steam and commercial projects.
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