HARVIA.HE
BuyPremium GrowerAI neutralHarvia Oyj · Consumer Cyclical · Finland · $937M
EUR 42.85 -0.7% · close 7 Oct · scored 9 Oct
Premium Grower: Strong business with the market behind it, priced at a premium.
Read our full research report on HARVIA.HE (Sep 2026), freeDoes StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Harvia is a Finnish maker of sauna heaters and saunas. It has reported record results and very fast growth in North America, where the sauna and wellness trend is visible and consumer-led, and management talks of growing many times over. It is a strong niche brand with good quality metrics. However, the value score of 22 shows the shares already reflect much of the growth, forward forecasts were cut by 1.6%, and insiders have been small net sellers.
ABOUT HARVIA OYJ
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Harvia Oyj is the global market leader in the sauna and spa industry, manufacturing a comprehensive range of sauna heaters, cabins, and accessories. The company's competitive moat is established through its strong global brand recognition, extensive distribution network, and high-margin aftermarket sales of replacement heaters. Harvia is a highly profitable, cash-generative niche leader benefiting from global wellness and self-care trends.
FINANCIAL SUMMARY (EUR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 172.4M | 150.5M | 175.2M | 198.9M | 4.9% | 212.1M | 228.7M | 256.9M | 13.7% |
| EPS (EUR) | 1.45 | 1.25 | 1.30 | 1.41 | -0.9% | 1.52 | 1.77 | 2.16 | 23.7% |
| Shares | 18.7M | 18.7M | 18.7M | 18.7M | +0.1% | 18.7M | — | — | — |
| Debt | 79.8M | 78.2M | 103.7M | 102.9M | 8.8% | 103.2M | — | — | — |
| Equity | 97.3M | 107.6M | 122.8M | 129.4M | 10.0% | — | — | — | — |
| Op CF | 24.3M | 39.1M | 31.7M | 35.0M | 12.8% | 34.0M | — | — | — |
| Inv CF | -3.4M | -5.8M | -30.1M | -14.6M | — | — | — | — | — |
| Fin CF | -11.3M | -17.6M | 3.7M | -20.4M | — | — | — | — | — |
Calmer than 51% of stocks we rank over the past year (41% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of HARVIA.HE are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| HARVIA.HE | Harvia Oyj(you) | $937M | 70 | Buy |
| RAP1V.HE | Rapala VMC Corporation | $73M | 83 | Strong Buy |
| AS | Amer Sports, Inc. | $15.7B | 50 | Hold |
| FRAMERY.HE | Framery Group Oyj | $603M | 74 | Buy |
| MEKKO.HE | Marimekko Oyj | $439M | 72 | Buy |
| LINDEX.HE | Lindex Group Oyj | $437M | 65 | Buy |
| PUUILO.HE | Puuilo Oyj | $1.7B | 84 | Strong Buy |
| HUH1V.HE | Huhtamäki Oyj | $3.6B | 69 | Buy |
| FSKRS.HE | Fiskars Oyj Abp | $1.2B | 43 | Hold |
| NOHO.HE | NoHo Partners Oyj | $184M | 72 | Buy |
Peer medians: ROE 6.0% · P/E 14.5x · Gross margin 39.7%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.