NoHo Partners (HLSE:NOHO) Stock Looks Cheap as Profitability Improves

NoHo Partners Oyj stock closed at €8.12 ahead of its Q2 reveal after a solid run over the past three months. The headline in the numbers is clear for a restaurant operator. Profitability is doing the heavy lifting.

Basic earnings per share came in at €0.13 on revenue of €97.3m, which kept trailing net profit margin near 2.8%. That mix feeds straight into the long term story. Forecast earnings growth sits well ahead of the wider Finnish market and the stock still trades on a lower P/E than many European hospitality peers.

Is NoHo Partners Oyj genuinely cheap at a P/E of 16.3x compared with peers, or is the discount simply compensation for its interest and dividend risks? See how the earnings, cash flows and risk profile stack up in the full valuation analysis for NoHo Partners Oyj

Q2 2026 Earnings Summary

• Revenue, Q2 2026 vs. Q2 2025: €97.3m vs. €87.6m (up about 11.1%)
• Net Income, Q2 2026 vs. Q2 2025: €2.7m vs. €1.8m (up about 50.0%)
• Basic EPS, Q2 2026 vs. Q2 2025: €0.13 vs. €0.085537 (up about 52.0%)
• Trailing Net Profit Margin, last 12 months vs. prior year: 2.8% vs. 2.7% (slight improvement)

Prefer clean charts instead of another wall of earnings tables and ratios? Get a full visual picture of NoHo Partners Oyj, with its valuation front and center, in the interactive company report for NoHo Partners Oyj.

NoHo Partners earnings supporting experience-led growth story

NoHo Partners looks broadly aligned with a cautiously bullish narrative around a diversified experience platform. Revenue of €97.3m for Q2 2026 versus €87.6m a year earlier supports the idea that the multi concept portfolio can attract spending across formats and geographies. Net income of €2.7m compared with €1.8m and a slightly higher trailing margin near 2.8% point to improving efficiency, which helps when consumer spending is sensitive. For investors who like the mix of dining, bars and events, these numbers back the view that the business model is holding up.

Profitability progress does not remove NoHo risks

The latest figures also leave room for a more cautious read on NoHo Partners. Net profit of €2.7m on €97.3m of revenue keeps profitability modest, even if directionally better than last year. A trailing margin near 2.8% gives limited room for error in a sector exposed to swings in food, energy and wage costs. The strong year on year jump in earnings highlights operational progress, but it also underlines how small changes in traffic or costs could quickly affect the income statement for a restaurant focused group.

Compare the solid Q2 progress at NoHo Partners Oyj with how the market’s analysts are framing the risk and reward at €8.12. See the consensus price target analysis for NoHo Partners Oyj to check whether current targets reflect confidence in this earnings profile or signal caution on what comes next.

Own Your Next Investing Decision

If the Q2 profitability progress at NoHo Partners Oyj has caught your eye, register for free with Simply Wall St and add it to a Watchlist to track the share price against fair value and spot an entry that fits your plan. Once you are invested, use the Portfolio Command Center to keep your holdings organised and focus only on the updates that really matter to your thesis. For a longer term view, tap into shared insight through the Community and see how other investors are thinking about NoHo Partners Oyj and comparable stocks. By spotting potential catalysts and risks early, you give yourself a better chance of staying ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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