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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

LapWall

4.82 EUR-1.43 %7.10, 17.29
1,737 following

LAPWALL

First North Finland

Construction & Materials

Industrials

Overview
Financials & Estimates
Dividend
Investor views
Compare
-1.43 %
+4.78 %
+14.76 %
+25.19 %
+24.23 %
+24.87 %
+64.51 %
-
+55.03 %

LapWall operates in the building products industry with several factories. The company manufactures wooden wall and ceiling elements in factory conditions for construction companies. The product range includes several standard products that are delivered and installed by the customer. The company's market area is Finland. LapWall was founded in 2011 and its headquarters are located in Pyhäntä, Finland.

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Market cap
70.01M EUR
Turnover
53.54K EUR
P/E (adj.) (26e)
17.69
EV/EBIT (adj.) (26e)
15.23
P/B (26e)
3.49
EV/S (26e)
1.54
Dividend yield-% (26e)
3.11 %
Coverage
Recommendation
Accumulate
Target price
5.00 EUR
Updated
05.10.2026
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 05.10.2026

Latest extensive report

Released: 05.10.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
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Forum discussions
Over the past few days, I’ve been pondering LapWall, which has a small couple of percent stake in my own portfolio. We haven’t heard any announcements from Lapwall regarding major data center deals yet, and they aren’t properly reflected in the company’s figures either. Over the ...
9/28/2026, 7:44 PM
30
Juttelin toimari Pekkarisen kanssa kuukausi sitten uuden tuotantolinjan vihkiäistilaisuudessa. Kysyin, missä viipyvät julkistukset datakeskustilauksista. Hän kertoi, että tilaajat kieltävät kertomasta kaupoista. Totesin, että Q2 -osarin tilauskertymän hyvä nousu taisi johtua datakeskuskaup...
10/4/2026, 8:39 AM
by Nokiotta
27
In my opinion, LapWall’s valuation is by no means demanding at the moment. Earnings-based multiples using Inderes’ new forecasts: Adj. EV/EBIT '26-'27: 14.8x–9.3x Adj. P/E '26-'27: 17.1x–11.1x Earnings are expected to improve significantly in both 2026 and 2027. Based on these numbers...
10/5/2026, 10:38 AM
by Tomi Lindell
24
Quite a good bull painting. Hopefully, you’re on the right track. Two minor counter-arguments come to mind, written quickly and based on gut feeling: At least for Kreate (and I’d guess GRK as well), their rise and positive profit warnings are driven by a lot more than just data centers...
9/28/2026, 9:09 PM
24
Pekkarinen’s comment regarding data center projects from the local newspaper: “We have the products, expertise, production capacity, and a proven track record demonstrating that we can deliver even in highly demanding data center projects. There is currently a lot of activity in ...
10/1/2026, 10:09 AM
by Delete
19
In theory, the capacity should be more than just those few projects a year, considering how the company markets itself. See the screenshot. Of course, it’s hard to know if that 40 units refers to a scenario where not much else would be done (other industrial construction, housing...
9/29/2026, 6:06 AM
by Kroisos Pennonen
15
Tommi on tehnyt laajan raportin LapWallista ja se on tietysti kaikkien luettavissa, eli ei oo mitään muureja. Nostamme LapWallin tavoitehinnan 5,0 euroon (aik. 4,8 euroa) ja toistamme Lisää-suosituksemme. Yhtiön liikevaihto kääntyi H1’26:lla selvään kasvuun, ja lähelle ennätystasoa...
10/5/2026, 7:01 AM
by Sijoittaja-alokas
14
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21.10
2026

Business review Q3'26

LapWall omfattende analyse: Pengestrømsmaskinen kører i et accelererende tempo
Extensive research05.10.2026, 08.16 by
Tommi Saarinen

LapWall omfattende analyse: Pengestrømsmaskinen kører i et accelererende tempo

Pyhännäs store investering er i praksis færdig, og fokus skifter til salg og opstart af den nye kapacitet. Datacenterbyggeri opvejer modvinden inden for boligbyggeri.

LapWall
Landsretten omgjorde LapWalls betalingsforpligtelse på knap 2 MEUR
Analyst Comment02.10.2026, 08.28 by
Tommi Saarinen

Landsretten omgjorde LapWalls betalingsforpligtelse på knap 2 MEUR

Landsretsafgørelsen var gunstig for LapWall.

LapWall
Analyst Comment28.09.2026, 06.50 by
Tommi Saarinen

Efterfølgeren til LapWalls CFO blev udnævnt med det samme

Baseret på den hurtige udnævnelse vælger vi at tolke udskiftningen som værende planlagt af selskabet.

LapWall

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LapWall tager afsked med sin langvarige finansdirektør
Analyst Comment25.09.2026, 06.30 by
Tommi Saarinen

LapWall tager afsked med sin langvarige finansdirektør

Udskiftningen af finansdirektøren kom som en overraskelse for os.

LapWall
Analyst Comment03.09.2026, 09.15 by
Atte Jortikka, Tommi Saarinen, Christoffer Jennel

Case: Data centers jump-starting construction

We estimate that data center construction is partly filling the gap left in the construction market by the decline in residential construction in recent years.

Kreate GroupYITSRV GroupGRK InfraSitowise GroupTekovaLapWallConstiNYABEltelEnersense International
LapWall H1'26: Ordrebogen giver tro på indtjeningsvækst
Research05.08.2026, 07.50 by
Tommi Saarinen

LapWall H1'26: Ordrebogen giver tro på indtjeningsvækst

En central drivkraft for indtjeningsvæksten er turnaround i selskabets tagelementforretning, som efter vores vurdering endnu ikke var tydeligt afspejlet i H1-tallene.

LapWall
LapWall H1'26 preview: Volumenstigning løfter rentabiliteten fra en svag sammenligningsperiode
Analyst Comment28.07.2026, 07.14 by
Tommi Saarinen

LapWall H1'26 preview: Volumenstigning løfter rentabiliteten fra en svag sammenligningsperiode

Vi forventer, at leverancer og periodiserede indtægter vil være en smule mere vægtet mod andet halvår end normalt.

LapWall
LapWall vandt endnu en datacenterordre fra Kajaani
Analyst Comment22.06.2026, 06.34 by
Tommi Saarinen

LapWall vandt endnu en datacenterordre fra Kajaani

XTX Markets har meddelt, at de vil fortsætte med at investere i Kajana-regionen, og hvis dette sker, ser vi yderligere ordrer til LapWall som sandsynlige.

LapWall
LapWall Q1'26: Bedre visibilitet for indtjeningsvækst
Research22.04.2026, 07.51 by
Tommi Saarinen

LapWall Q1'26: Bedre visibilitet for indtjeningsvækst

Vores Q1'26-estimater blev overgået på alle linjer, mens den udstedte guidance var i tråd med vores forventninger.

LapWall
LapWall Q1'26 preview: I en usikker markedssituation er fokus rettet mod den potentielt offentliggjorte guidance
Analyst Comment14.04.2026, 06.30 by
Tommi Saarinen

LapWall Q1'26 preview: I en usikker markedssituation er fokus rettet mod den potentielt offentliggjorte guidance

Selskabet har meddelt, at det sigter mod at give forventninger for 2026 i forbindelse med regnskabsmeddelelsen for Q1'26.

LapWall
Analyst Comment25.03.2026, 06.47 by
Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

Forventningerne til boligbyggeriet er tydeligt nedjusteret i byggebranchens konjunkturrapport

I gennemgangen blev estimaterne for påbegyndelse af boligbyggeri for indeværende år reduceret betydeligt.

SRV GroupYITKreate GroupGRK InfraConstiTekovaEcoUpHonkarakenneLapWallToivo Group
LapWall H2'25: Kapaciteten vokser, men indtjeningsvæksten lader vente på sig
Research11.02.2026, 07.46 by
Tommi Saarinen

LapWall H2'25: Kapaciteten vokser, men indtjeningsvæksten lader vente på sig

Færdiggørelsen af den store investering i Pyhäntä udskydes til 2026.

LapWall
Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)
Analyst Comment03.02.2026, 08.19 by
Tommi Saarinen

Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)

I denne analyse gennemgår vi udviklingen på det finske byggemarked i lyset af de data, som Statistikcentralen har meddelt.

LapWallEcoUp
Third party research07.02.2025, 07.13

Lapwall: Strong finish to the year - Evli

LapWall’s Q4 was slightly stronger than we expected in terms of profitability. Although the declining backlog poses a potential downside risk, the company's tender pipeline has shown quarter-over-quarter improvement throughout 2024. Additionally, management...

LapWall
Third party research06.02.2025, 13.38

Lapwall: Profitability remains strong - Evli

LapWall's fourth quarter performance was solid, despite net sales falling 13% y/y. The combination of operating leverage and the company's fixed cost discipline continued to support the profitability. Dividend proposal beat our estimates at EUR 0.18 ...

LapWall
Third party research03.02.2025, 14.10

Lapwall: A transformative year ahead - Evli

LapWall releases its Q4 result on 6th of February. As the 2024 result is already largely known, our focus lies on orders, market commentary and outlook for 2025. 2025 will be pivotal for LapWall, with new capacity investment completing in the second ...

LapWall
Third party research30.10.2024, 10.27

Lapwall: Strong progress despite the headwinds - Evli

LapWall’s Q3 was strong as the company was able to improve margins through volume growth leading to improved capacity utilization which was coupled with fixed cost reduction. With short-term uncertainty reduced, we increase our TP to EUR 4.2 while keeping...

LapWall
Third party research29.10.2024, 10.33

Lapwall: Profitability at a good level - Evli

LapWall's third quarter performance was solid, with net sales climbing in spite of a difficult market climate. The combination of operational leverage and the company's efficient production led to an uptick in profitability.

LapWall
Third party research25.10.2024, 12.52

Lapwall: Surprising guidance revision - Evli

LapWall revised its 2024 financial guidance range yesterday, the positive update in terms of profitability guidance eases the short-term uncertainty. The updated net sales forecast matches our current estimate, while the EBITA guidance is significantly...

LapWall
Third party research22.10.2024, 09.55

Lapwall: Near term uncertainty masks the potential - Evli

LapWall releases its Q3 business review on the 29th of October. We expect relatively steady development despite the challenging market. In addition to the figures, our focus lies on order development and market commentary.

LapWall