Download PDF

1. Company Snapshot

1.a. Company Description

Vaisala Oyj engages in the weather and environmental, and industrial measurement business serving weather related and industrial markets.The company's products include industrial measurement systems, such as HVAC and indoor air meters, industrial transmitters, power transformer monitoring systems, probes and OEM modules, handheld meters, in-line process refractometers, biogas monitoring systems, liquid measurement systems, and viewLinc continuous monitoring systems.It also provides weather and environmental solutions, such as automatic weather stations, radiosondes and sounding systems, weather and environmental sensors, weather radars, wind lidars, visibility and present weather sensors, ceilometers, lightning sensors, air quality sensors, and road state sensors, as well as pressure, temperature, and humidity sensors; and operates an online store.


In addition, the company offers maintenance, calibration and repair, and modernization services, as well as extended warranties and data-based solutions.Vaisala Oyj serves various industrial customers, including data centers, chemicals and allied products, fuel cells, power transformers, semiconductors, automotive, cleanrooms, HVAC and indoor air, warehouses, battery manufacturing, compressed air, life sciences and pharmaceutical, sugar, sweeteners, biogas, and research facilities and metrology; pulp, paper, and wood; food, beverages, and agriculture; and oil and gas refineries, and petrochemicals.It also serves weather-dependent markets mainly meteorology, ground transportation, aviation, maritime, renewable and wind energy, and urban weather and environment.


The company has operations in Europe, the Middle East, Africa, North and South Americas, and the Asia Pacific.Vaisala Oyj was founded in 1936 and is headquartered in Vantaa, Finland.

Show Full description

1.b. Last Insights on VAIAS

Vaisala Oyj's recent performance has been impacted by a 21% decrease in orders received, totaling EUR 119.6 million in Q3 2025. Although the company reported strong sales and profitability, with a net profit margin of 10.9%, its order book decreased. Additionally, Vaisala's earnings beat 5-year trend with a 16.7% profit expansion, but investors are likely focusing on the momentum. The company has also been engaging in share buybacks, repurchasing 3,000 to 4,000 shares on multiple occasions, which may have a positive effect on shareholder value.

1.c. Company Highlights

2. Vaisala's Q3 Earnings: Strong Revenue Growth Amidst Challenging Market Environment

Vaisala reported a 13% net sales growth in reported currency for the third quarter, with an EBITDA margin of 18.2%. Earnings per share (EPS) came in at €0.51, beating analyst estimates of €0.495. Revenue growth was driven by the Industrial Measurements business area, which saw strong demand across all market segments and geographies, particularly in Asia. The company's year-to-date performance shows net sales growing by 9% and profitability improving.

Publication Date: Nov -25

📋 Highlights
  • Net Sales Growth:: Q3 reported 13% net sales growth, with year-to-date growth at 9% despite a 21% decline in Q3 orders.
  • EBITDA Margin:: Maintained strong profitability with an EBITDA margin of 18.2%, though gross margin faced headwinds from exchange rates and U.S. tariffs.
  • Segment Performance:: Industrial Measurements showed robust growth, especially in Asia, while Weather and Environment declined due to weaker renewables and aviation sectors.
  • Subscription Sales:: Subscription revenue surged 58% YoY, driven by acquisitions, supporting long-term revenue diversification.
  • Guidance & Outlook:: Full-year net sales guidance set at EUR 590–605M and operating result at EUR 90–100M, with no major cost increases expected despite market volatility.

Segment Performance

The Weather and Environment business area faced a challenging market environment, driven by a decline in the renewable energy market and a strong comparison period in aviation and meteorology. Orders received declined by 21%, leading to a decrease in the order book. However, the company maintained a solid profitability, and the pipeline remains on a good level. As Kai Öistämö noted, "The demand trends in Weather and Environment are cyclical, and we've enjoyed a particularly strong cycle over the past two years. Now, it's returning to a more normal level."

Gross Margin and Operating Expenses

The company saw a decrease in gross margin in both business areas, mainly due to exchange rate impacts and U.S. tariff effects. However, Vaisala has mitigated the impact of tariffs by raising prices. Operating expenses have been adjusted to match the market picture, with EUR 3 million in restructuring expenses considered extraordinary.

Outlook and Valuation

Vaisala's business outlook remains unchanged, with net sales between €590 million and €605 million and an operating result between €90 million and €100 million. The company's valuation metrics appear reasonable, with a P/E Ratio of 24.62, P/B Ratio of 5.39, and EV/EBITDA of 12.33. The dividend yield stands at 1.97%. Analysts estimate next year's revenue growth at 3.5%, indicating a relatively stable outlook for the company.

Growth Drivers

The company's Industrial Measurements business continues to grow, driven by all market segments, including China and Japan. Xweather is also performing well, with a double-digit organic growth rate expected to be sustainable. The company's investment in digital capabilities, including an online sales channel for distributors and end-users, is expected to impact services delivery and overall sales in the long term.

3. NewsRoom

Card image cap

Nat-Gas Prices Retreat on Warmer US Weather Forecasts

Nov -25

Source:

Card image cap

LiDAR Market Competitive Landscape Report 2025: Key Players Analysis Recent Developments, Company Strategies, Sustainability Benchmarking, Product Launches, Key Persons, and Revenue Forecasts

Nov -24

Source:

Card image cap

Forecasts for Frigid US Temps Push Nat-Gas Prices Sharply Higher

Nov -11

Source:

Card image cap

Vaisala (HLSE:VAIAS): Evaluating Valuation Opportunity After Recent Share Price Weakness

Nov -03

Source:

Card image cap

Nat-Gas Prices Soar on the Outlook for Colder US Temps

Oct -31

Source:

Card image cap

Cocoa Prices Rebound as ICE Inventories Dwindle

Oct -29

Source:

Card image cap

Cocoa Prices Rebound as ICE Inventories Continue to Shrink

Oct -29

Source:

Card image cap

Nat-Gas Prices Fall on Warmer US Weather Forecasts

Oct -28

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.30%)

6. Segments

Weather and Environment

Expected Growth: 7.3%

Growing demand for weather and environmental observations in industries such as aviation, transportation, and renewable energy drives Vaisala Oyj's growth. Increasing adoption of digital technologies and IoT devices also fuels the market. Furthermore, the need for accurate weather forecasting and climate change mitigation measures supports the company's growth prospects.

Industrial Measurements

Expected Growth: 7.3%

Growing demand for accurate and reliable industrial measurements, increasing adoption of Industry 4.0 technologies, and rising need for process optimization and efficiency drive the growth of the industrial measurements market.

7. Detailed Products

Weather Observing Systems

Vaisala's weather observing systems provide accurate and reliable weather data for forecasting, research, and climate modeling.

Industrial Measurements

Vaisala's industrial measurement products provide accurate and reliable data for industrial processes, such as humidity, temperature, and pressure.

Aviation Weather Systems

Vaisala's aviation weather systems provide accurate and reliable weather data for air traffic management, airport operations, and flight planning.

Road Weather Information Systems

Vaisala's road weather information systems provide real-time data on road surface conditions, temperature, and weather.

Air Quality Monitoring

Vaisala's air quality monitoring products provide accurate and reliable data on air pollutants, such as particulate matter, ozone, and nitrogen dioxide.

Weather Forecasting Software

Vaisala's weather forecasting software provides advanced modeling and visualization tools for weather forecasting and research.

8. Vaisala Oyj's Porter Forces

Forces Ranking

Threat Of Substitutes

Vaisala Oyj operates in a niche market, and the threat of substitutes is moderate. While there are some alternative products available, they are not as effective or efficient as Vaisala's products.

Bargaining Power Of Customers

Vaisala Oyj's customers are primarily governments and large corporations, which have limited bargaining power. The company's products are specialized and critical to its customers' operations, giving Vaisala an upper hand in negotiations.

Bargaining Power Of Suppliers

Vaisala Oyj relies on a few key suppliers for critical components. While the company has some bargaining power due to its size and reputation, suppliers still have some leverage in negotiations.

Threat Of New Entrants

The weather measurement and environmental monitoring industry has high barriers to entry, including significant capital expenditures and regulatory hurdles. New entrants would face significant challenges in competing with established players like Vaisala Oyj.

Intensity Of Rivalry

The weather measurement and environmental monitoring industry is highly competitive, with several established players competing for market share. Vaisala Oyj faces intense competition from companies like Campbell Scientific and OTT HydroMet.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 18.82%
Debt Cost 7.50%
Equity Weight 81.18%
Equity Cost 7.50%
WACC 7.50%
Leverage 23.18%

11. Quality Control: Vaisala Oyj passed 9 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Barco

A-Score: 5.8/10

Value: 6.7

Growth: 4.7

Quality: 6.4

Yield: 5.6

Momentum: 7.0

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Vaisala

A-Score: 4.9/10

Value: 4.4

Growth: 6.1

Quality: 6.8

Yield: 3.8

Momentum: 3.0

Volatility: 5.3

1-Year Total Return ->

View Full Report
Stock-Card
Incap

A-Score: 4.7/10

Value: 6.8

Growth: 8.6

Quality: 7.0

Yield: 0.0

Momentum: 4.0

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
Eltek

A-Score: 4.5/10

Value: 5.4

Growth: 4.2

Quality: 6.1

Yield: 3.1

Momentum: 5.0

Volatility: 3.0

1-Year Total Return ->

View Full Report
Stock-Card
NCAB

A-Score: 3.7/10

Value: 1.1

Growth: 7.2

Quality: 5.6

Yield: 5.0

Momentum: 2.0

Volatility: 1.0

1-Year Total Return ->

View Full Report
Stock-Card
Strix

A-Score: 3.2/10

Value: 8.6

Growth: 2.7

Quality: 3.0

Yield: 3.1

Momentum: 0.0

Volatility: 1.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

43.15$

Current Price

43.15$

Potential

-0.00%

Expected Cash-Flows