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Admicom

28.00 EUR-1.93 %16.10, 17.29
7,654 following

ADMCM

First North Finland

Software

Technology

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
-1.93 %
+8.11 %
+6.87 %
-12.64 %
-35.03 %
-39.46 %
-16.29 %
-69.96 %
+161.68 %

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

Read more
Market cap
136.98M EUR
Turnover
324.04K EUR
P/E (adj.) (26e)
13.51
EV/EBIT (adj.) (26e)
9.98
EV/S (26e)
3.2
Dividend yield-% (26e)
1.14 %
Coverage
Recommendation
Buy
Target price
40.00 EUR
Updated
08.10.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 09.10.2026

Latest extensive report

Released: 16.01.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Almanakka has also written about Admicom Profitability exceeded expectations New sales grew for the second consecutive quarter However, part of the margin was due to timing ARR grew again mainly through prices More customers have already left than during all of last year The market...
10/10/2026, 6:49 AM
by Sijoittaja-alokas
23
If the software business were that easy, we would constantly see new software products put together by some clever group of coders, just being sold somewhere for cheaper. In reality, value for the customer comes from a much broader package. Certainly, the smallest shops (the two-...
10/9/2026, 8:57 AM
by mardi
18
What if a competitor of Admicom cobbles together competing software using AI at significantly lower costs and starts offering it at a fraction of Admicom’s price? Or what if bid calculation/quantity takeoff or construction site scheduling don’t even require any dedicated software...
10/9/2026, 8:21 AM
by Karhu Hylje
14
Good and even slightly critical article! Thanks for sharing, Alokas! I took a small position in Admicom a little over a month ago myself. The idea is to add to it if the earnings growth starts looking convincing. Although the Q3 report was quite promising, it feels like we’re still...
10/10/2026, 11:00 AM
by Akkanen
13
Analyst comments following Admicom’s Q3 results. Inderes – 9 Oct 26 Admicom Q3'26: Lupaavia merkkejä matalan arvostuksen korjaamiseksi - Inderes Tulospäivän kurssinoususta huolimatta osakkeen arvostus (2027e oik. EV/EBIT 9x) on edelleen hyvin matala.
10/9/2026, 4:26 AM
by KuHa
12
I really hope that cash is continued to be directed into share buybacks, which is a total no-brainer. Those shares can then be used for M&A if a target ever comes along. Patience is still very much preferred. That’s why the mention of “new geographical markets” in the report definitely...
10/8/2026, 10:45 AM
by Latela
12
This AI fear is getting completely ridiculous when it comes to certain SaaS companies. Yeah, sure, IT IS POSSIBLE that some construction company cobbles together their entire system by themselves with the help of AI, but WHY would they do that when a complete, solid solution already...
10/9/2026, 5:40 AM
by Kappa-Naahli
9
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21.1
2027

Annual report '26

16.3
2027

General meeting '27

8.4
2027

Interim report Q1'27

Admicom Q3'26: Promising signs for correcting the low valuation
Research09.10.2026, 06.00 by
Atte Riikola

Admicom Q3'26: Promising signs for correcting the low valuation

Despite the share price increase following the earnings release, the valuation of the share (2027e adj. EV/EBIT 9x) remains very low.

Admicom
Admicom, Webcast, Q3'26
Webcast08.10.2026, 09.00

Admicom, Webcast, Q3'26

Admicom
Admicom Q3'26 -kort kommentar: Forbedret effektivitet og et styrket salg banede vejen for en indtjeningsoverraskelse
Analyst Comment08.10.2026, 08.00 by
Atte Riikola

Admicom Q3'26 -kort kommentar: Forbedret effektivitet og et styrket salg banede vejen for en indtjeningsoverraskelse

Stigning i omsætningen styrker tilliden til den indtjeningsvækst, vi estimerer for de kommende år.

Admicom

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Regulatory press release08.10.2026, 07.00

ADMICOM OYJ’S INTERIM REPORT 1.1.-30.9.2026: STRONG PROFITABILITY AFTER CHANGE NEGOTIATIONS. MARKET RECOVERING SLOWLY. ANNUAL RECURRING REVENUE GREW BY 5.3%, ADJUSTED EBITDA AT 42.0%.

Admicom
Regulatory press release05.10.2026, 14.00

Admicom Oyj: Composition of Admicom’s Shareholders’ Nomination Committee

Admicom
Admicom Q3'26 preview: Det svage markeder trækker fortsat væksttempoet ned
Analyst Comment05.10.2026, 06.45 by
Atte Riikola

Admicom Q3'26 preview: Det svage markeder trækker fortsat væksttempoet ned

Vi venter, at Q3 vil vise en dæmpet vækst, men at rentabiliteten er forbliver på et godt niveau.

Admicom
Regulatory press release16.09.2026, 14.00

Admicom Oyj: financial reporting in 2027

Admicom
Admicom pre-silent: Datacenter-boomet afspejles endnu ikke særligt tydeligt i selskabets kundekreds
Analyst Comment16.09.2026, 06.40 by
Atte Riikola

Admicom pre-silent: Datacenter-boomet afspejles endnu ikke særligt tydeligt i selskabets kundekreds

Datacenter-boomet sætter skub i det finske byggemarked, men stemningen blandt Admicoms kundekreds er stadig delt.

Admicom
Regulatory press release26.08.2026, 12.45

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release12.08.2026, 12.30

Admicom Oy - Managers' Transactions

Admicom
Admicom Q2'26: Værdiansættelsen er historisk lav
Research09.07.2026, 06.00 by
Atte Riikola

Admicom Q2'26: Værdiansættelsen er historisk lav

Med vores estimater for indeværende år handles Admicom omkring 9x EV/EBIT.

Admicom
Admicom, Webcast, Q2'26
Webcast08.07.2026, 09.00

Admicom, Webcast, Q2'26

Admicom
Admicom Q2'26 - hurtig kommentar: Stort set som forventet sidelæns bevægelse i et svagt marked
Analyst Comment08.07.2026, 08.00 by
Atte Riikola

Admicom Q2'26 - hurtig kommentar: Stort set som forventet sidelæns bevægelse i et svagt marked

Resultatet for 2. kvartal var stort set som forventet, både hvad angår omsætning og justeret EBITDA.

Admicom
Regulatory press release08.07.2026, 07.00

ADMICOM OYJ’S HALF YEAR REPORT 1.1.-30.6.2026: PROFITABILITY AT TARGET LEVEL, ANNUAL RECURRING REVENUE GREW BY 4.1%, ADJUSTED EBITDA AT 31.0%. THE BILLING MODEL CHANGE AFFECTS COMPARABILITY.

Admicom
Regulatory press release03.07.2026, 08.45

Admicom Oyj: Cancellation of shares held by the company

Admicom
Admicom Q2'26 preview: Horisontal konsolidering og et resultat tynget af engangsposter
Analyst Comment01.07.2026, 08.05 by
Atte Riikola

Admicom Q2'26 preview: Horisontal konsolidering og et resultat tynget af engangsposter

Engangsposter fra restruktureringsforhandlingerne tynger Q2-resultatet

Admicom
Regulatory press release24.06.2026, 15.40

Admicom: Cancellation of option rights 

Admicom
Regulatory press release18.06.2026, 13.01

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release18.06.2026, 13.01

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release18.06.2026, 12.59

Admicom Oyj - Managers' Transactions

Admicom