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Verkkokauppa.com Oyj

VERK.HE
64
Specialty Retail · Consumer Cyclical
Price
€3.70
+0.03 (+0.68%)
Market Cap
€165.0M
Exchange
NASDAQ Helsinki
Winston Score
64
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Strong
Cash Flow
Strong
Stability
Strong
Valuation
Good
Dividends
Good

Winston Score History

The full picture

Verkkokauppa.com is a Finnish online and physical retailer that sells consumer electronics, computers, home appliances, and gadgets. Its customers are everyday shoppers in Finland looking for tech products at competitive prices. The company is one of Finland's largest electronics retailers and operates both a major e-commerce website and a small number of large warehouse-style stores.

The company makes money by selling products directly to consumers, earning a margin on each sale. It operates almost entirely within Finland, making it heavily tied to the Finnish economy and consumer spending. With a gross margin around 15%, the business runs lean and competes mainly on price, selection, and fast delivery. Its main competitive strength is strong brand recognition among Finnish shoppers, but its biggest risk is pressure from large international platforms like Amazon expanding into Nordic markets, which could squeeze margins and market share further.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+42.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€374,000/ year

Declining (-18% vs prior year)

0.1% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

52.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€28M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Verkkokauppa.com Oyj is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.3% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 45.2M (2021) → 45.3M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
16.6%
Thin — 16.6% gross margin
Profit after running costs
Operating Margin
2.0%
Thin — 2.0% operating margin
Return on the money invested
ROCE
38.1%
Exceptional — 38.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+12.3%
Fast-growing sales (+12.3% YoY)
Profit growth
EPS YoY
+138.4%
Earnings growing fast (+138.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
209%
Turns 209% of profit into real cash
Spare cash per sale
FCF Margin
4.4%
Thin free cash flow (4.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.40
Conservative — low debt load (0.40)
Covers its interest
Interest Cover
8.56x
Comfortably covers interest (8.6x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
13.4x
Attractive valuation — P/E 13.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+0.4
GROWING
Earnings roughly flat

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Dividends

Dividend
Dividend Yield
5.41%
Healthy income — 5.41% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
-21.1%
Dividend cut (-21.1% YoY) — warning sign

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