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Panostaja

0.28 EUR+0.35 %8.9, 16.31
4,223 following

PNA1V

NASDAQ Helsinki

Investment

Financials

Overview
Financials & Estimates
Dividend
Investor views
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+0.35 %
-2.08 %
-7.21 %
-17.97 %
-17.49 %
-25.13 %
-49.64 %
-61.76 %
+476.91 %

Panostaja is an investment company. The company acquires and develops small and medium-sized companies with long-term development potential. In addition to growth potential, the companies focus on actively owning and driving strategic changes. The investment portfolio is focused on several industries with the greatest concentration on healthcare and industry across the European market. The company's headquarters are located in Tampere.

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Market cap
15.09M EUR
Turnover
459.56 EUR
P/E (adj.) (26e)
-4.76
EV/EBIT (adj.) (26e)
-70.12
P/B (26e)
0.66
EV/S (26e)
0.48
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.28 EUR
Updated
27.08.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 27.08.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
In my opinion, the current order of priority for Grano is: Cash flow Net debt reduction EBITDA EBIT and not the other way around. EBIT is important for pricing a future exit, but at the moment, I believe Grano’s value creation is more clearly reflected in debt reduction than in the...
8/27/2026, 7:43 AM
by Tunturisusi
3
The value creation of the current portfolio relies on successful exits rather than current cash flows. What these successful exits require is scaling up the businesses, accelerating ARR growth, and favorable (or above-average) valuation multiples at the time of sale. Regarding CoreHW...
8/27/2026, 7:07 AM
by Arttu Heikura
3
Thanks​ I challenge because there is a lot of potential in the portfolio companies. Hopefully they’ll get successful investment exits and through that, the existence of Panostaja’s administrative bureaucracy would feel justified​
8/27/2026, 8:39 AM
by NOKNOK
2
Yes. That is surely next up as operations are streamlined and trimmed. Let’s hope that the tweaking fully translates to the bottom line this time too
8/27/2026, 8:23 AM
by Tunturisusi
2
First of all, thank you for the good challenges; this makes me, as a new analyst at Panostaja, think about things from new perspectives as well. In a more mature phase, yes, but if Lenio is aiming for internationalization and CoreHW is investing in growing its product business, I...
8/27/2026, 8:20 AM
by Arttu Heikura
2
Kiitos kattavasta vastauksesta! Varovaisesti haastaisin tuota kassavirtojen merkitsemättömyyttä. Mielestäni kassavirtoja ei voi sivuuttaa, koska sillä varmaan arvotettaisiin yhtiöt, jos ne olisivat irtonaisia. Mikäli Panostajan osien arvotus nojautuu pelkästään exit caseihin, miten...
8/27/2026, 7:38 AM
by NOKNOK
1
These didn’t make it into the interview. I’ll put them on the list for the next interview!
8/27/2026, 7:08 AM
by Arttu Heikura
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19.11
2026

Business review Q3'26

Panostaja Q2'26: Volatilt udvikling
Research27.08.2026, 07.48 by
Arttu Heikura

Panostaja Q2'26: Volatilt udvikling

CoreHW's vækstforventninger for produktforretningen ser ud til at blive udskudt, hvilket efter vores opfattelse trækker aktiens afkastforventning ned.

Panostaja
Regulatory press release26.08.2026, 09.30

Panostaja Oyj’s Half Year Financial Report January 1, 2026-June 30, 2026

Panostaja
Panostaja Q2'26 preview: Cash at work
Research20.08.2026, 06.10 by
Arttu Heikura

Panostaja Q2'26 preview: Cash at work

Vores hovedfokus er udover markedsudviklingen også rettet mod udviklingen af CoreHW's produktforretning samt Infomaatti-opkøbet.

Panostaja

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Panostaja fordobler indsatsen i Lenio
Analyst Comment03.06.2026, 07.15 by
Olli Vilppo

Panostaja fordobler indsatsen i Lenio

Opkøbet fordobler Lenios størrelse og halverer moderselskabets netto kassebeholdning.

Panostaja
Regulatory press release02.06.2026, 11.15

Panostaja’s Lenio investment expands through acquisition as Infomaatti joins the group

Panostaja
Regulatory press release21.05.2026, 09.00

Panostaja Oyj’s Business Review Q1 January 1, 2026-March 31, 2026

Panostaja
Panostaja Q1'26 preview: Værdidriver CoreHW's positionering forventes at blive mere præcis i Japan
Analyst Comment19.05.2026, 06.15 by
Olli Vilppo

Panostaja Q1'26 preview: Værdidriver CoreHW's positionering forventes at blive mere præcis i Japan

Panostaja offentliggør sit Q1-forretningsoverblik torsdag den 21. maj. I regnskabsmeddelelsen vil vores opmærksomhed især være rettet mod fremdriften i kommercialiseringen af CoreHW's produktforretning, da de japanske kunder på dette tidspunkt af foråret burde have truffet beslutninger om mulige udvidelser af pilotprojekterne.

Panostaja
Regulatory press release27.04.2026, 13.15

Panostaja Oyj´s Share-Based Incentive and Commitment Plan

Panostaja
Regulatory press release15.04.2026, 15.00

Panostaja Oyj's Annual General Meeting April 15, 2026

Panostaja
Panostaja: Granos restruktureringsforhandlinger resulterer i årlige besparelser på 2,5 MEUR
Analyst Comment02.04.2026, 07.10 by
Olli Vilppo

Panostaja: Granos restruktureringsforhandlinger resulterer i årlige besparelser på 2,5 MEUR

Grano har afsluttet de restruktureringsforhandlinger, der startede i februar, og hvis foranstaltninger vil opnå permanente årlige omkostningsbesparelser på cirka 2,5 MEUR. Det realiserede besparelsesbeløb var lidt lavere end de tidligere estimerede cirka 3 MEUR, men dette påvirker ikke vores investeringsbetragtning af Panostajas værdi.

Panostaja
Regulatory press release01.04.2026, 09.30

Panostaja's Portfolio Company Grano has concluded change negotiations

Panostaja
Regulatory press release24.03.2026, 13.00

Panostaja Group Annual Report, Remuneration Policy, Remuneration Report and Corporate Governance Statement 2025 published

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Korelin

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Tukiainen

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Tommila

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Skyttä

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Forss

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Pääkkönen

Panostaja
Regulatory press release12.03.2026, 15.30

Panostaja Oyj Managers' Transactions, Juusela

Panostaja
Regulatory press release12.03.2026, 15.00

Paying Panostaja Oyj Board Members’ Fees in the Form of Shares Held by the Company

Panostaja