Easor

0.65 EUR

-2.27 %

9,920 following
Corporate customer

EASOR

NASDAQ Helsinki

Software

Technology

-2.27 %
-8.51 %
-
-
-
-
-
-
-23.85 %

Easor is a financial administration platform company that offers entrepreneurs an easy-to-use tool for financial management and enhances the operations of accounting firms and service providers. https://investors.easor.fi/en/

Read more
Market cap
29.44M EUR
Turnover
28.26K EUR
P/E (adj.) (26e)
74.59
EV/EBIT (adj.) (26e)
39.57
EV/S (26e)
2.29
Dividend yield-% (26e)
-
Coverage
Recommendation
Buy
Target price
0.85 EUR
Updated
11.03.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 12.03.2026

Latest extensive report

Released: 03.03.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21.5
2026

Interim report Q1'26

20.8
2026

Interim report Q2'26

29.10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Forum discussions
The pro forma balance sheet provided in the demerger prospectus looked like this. So, on the asset side of the balance sheet, there isn’t currently much else besides capitalized development expenditures. And these costs are intended to be capitalized in the future as well, but in...
4/20/2026, 5:47 AM
by Atte Riikola
5
It’s a good question, but I would also apply some common sense here. An equally relevant question is whether 5m EUR gets you over 15,000 customer companies or more than 60,000 software users? Customers—the ones paying the bills—are more important here as well; with what kind of investment...
4/17/2026, 4:47 PM
by Makex
5
At least the partner accounting firms are growing at a rapid pace. 180 at the end of the year and already 274 in February, meaning +50% in 2 months. At the same rate, with compounding, the amount would be over 10x by the end of the year. Of course, in the fastest-growing market, ...
4/20/2026, 4:39 PM
by Zen65
3
Yes, product development expenses are indeed capitalized very aggressively. This issue is addressed in several places in the comprehensive report, but here is one highlight. In other words, EBITDA is practically a useless earnings metric due to those capitalizations. EBIT and FCF...
4/20/2026, 4:39 PM
by Atte Riikola
3
Here are Atte’s pre-game notes as Easor reports its Q1 results next Thursday. This is the company’s first interim report as an independent listed company following the demerger from Talenom, so historical figures for the comparison period are not available. We expect Easor’s revenue...
5/15/2026, 5:11 AM
by Sijoittaja-alokas
2
Atte, do you think my interpretation is correct? There is certainly “baked-in stuff” in the balance sheet. The latest detailed carve-out breakdown shows that on 31.12.2024, Easor had EUR 2.1 million in goodwill, EUR 29.7 million in capitalized software development costs, and a small...
4/19/2026, 5:33 AM
by Järki käteen
1
As far as I know, Easor only has a search portal for accounting firms in Italy. Are the customers who bought themselves into the results actual clients? In itself, it’s a perfectly sensible way to gather a customer base to sell more to later.
4/21/2026, 5:15 PM
by Gold
0
Read more on our forum

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.