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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.

Panostaja

0.30 EUR+3.10 %6.11, 17.29
4,228 following

PNA1V

NASDAQ Helsinki

Investment

Financials

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Financials & Estimates
Dividend
Short Selling
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+3.10 %
+12.83 %
+5.65 %
-9.67 %
-12.83 %
-25.06 %
-40.44 %
-56.67 %
+509.52 %

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
15.95M EUR
Turnover
56K EUR
P/E (adj.) (26e)
-5.83
EV/EBIT (adj.) (26e)
-192.85
P/B (26e)
0.68
EV/S (26e)
0.49
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
0.33 EUR
Updated
02.11.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 02.11.2026

Revenue and EBIT-%
EPS and dividend
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Forum discussions
Tärkeimmät talousuutiset | Kauppalehti – 30 Oct 26 Panostajan sijoituskohde CoreHW allekirjoitti merkittävän, noin 17 miljoonan... Tärkeimmät ajankohtaiset talousuutiset, pörssikurssit ja kattavat sijoittajapalvelut löydät Kauppalehdestä. Soon the RTLS side will start pulling its...
10/30/2026, 7:20 AM
by Tunturisusi
8
I consider the purchase price reasonable and fair. At this ARR, multiples of 4-6x have been paid for comparable companies. An interesting company that generates revenue with a relatively small number of clients. Annual billing per customer is around €24k. Quite notable companies ...
yesterday
by Tunturisusi
5
A really big contract relative to the company’s size. Likely means a full design workload for the coming years. Hopefully the margins are good.
10/30/2026, 10:01 AM
by Hosuheikki
3
Tässä on Artun kommentit tästä Panostajan uudesta ostoksesta. Panostaja tiedotti torstaina sijoittaneensa 3,9 MEUR riskienhallintaohjelmistoja kehittävään Inclusiin. Inclus on kooltaan vielä pienehkö yhtiö, mutta se omaa näkemyksemme mukaan merkittävän arvonnousupotentiaalin vahvan...
yesterday
by Sijoittaja-alokas
2
Inderes Panostaja sijoittaa riskienhallintaohjelmistoyhtiö Inclusiin - Inderes 5.11.2026 13:00:09 EET | Panostaja Oyj | SisäpiiritietoPanostaja Oyj Pörssitiedote, sisäpiiritieto 5.11.2026 klo 13.00 Panostaja sijoittaa riskienhallintaohjelmistoyhtiö Inclusiin Panostaja ... When your...
11/5/2026, 11:25 AM
by Blackparta
2
CoreHW’s improved situation indeed improves Panostaja’s situation, both through the increased value of the ownership stake and the improved quality of receivables. After all, Panostaja has significant loans granted to CoreHW, whose “value” increases (risk decreases).
11/2/2026, 11:44 AM
by Hosuheikki
2
Inderes – 2 Nov 26 Panostaja: Merkittävä sopimus nostaa CoreHW:n tulostasoa - Inderes Suunnittelusopimus nostaa kohdeyhtiön tulostasoa ja laskee ennusteriskiä.
11/2/2026, 6:16 AM
by Tunturisusi
2
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 foretager en investering i risikostyringsselskabet Inclus
Analyst Comment06.11.2026, 06.50
by Arttu Heikura

Panostaja foretager en investering i risikostyringsselskabet Inclus

Vi betragter investeringen som et interessant tiltag på grund af markedets vækstpotentiale og internationaliseringsvinklen.

Panostaja
Regulatory press release05.11.2026, 12.00

Panostaja Invests in Enterprise Risk Management SaaS-Company Inclus

Panostaja
Panostaja: Betydelig aftale løfter CoreHW's indtjeningsniveau
Research02.11.2026, 06.00
by Arttu Heikura

Panostaja: Betydelig aftale løfter CoreHW's indtjeningsniveau

Designaftalen løfter selskabets indtjenningsniveau og sænker estimatrisikoen.

Panostaja

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Regulatory press release30.10.2026, 08.00

Panostaja’s portfolio company CoreHW signs a significant design services agreement worth approximately EUR 17 million

Panostaja
Analyst Comment30.10.2026, 07.55
by Arttu Heikura

Panostaja: Granon restruktureringsforhandlinger afsluttet

Disse midlertidige tilpasningstiltag understøtter Granos omkostningseffektivitet i løbet af resten af året

Panostaja
Regulatory press release29.10.2026, 11.00

Change negotiations at Panostaja’s portfolio company Grano concluded

Panostaja
Analyst Comment15.10.2026, 06.40
by Arttu Heikura

Panostaja: Grano tilpasser sine omkostninger med midlertidige permitteringer

Forhandlingerne omfatter cirka 630 personer, og de eventuelle midlertidige afskedigelser er planlagt gennemført inden udgangen af det indeværende år.

Panostaja
Regulatory press release14.10.2026, 15.31

Correction: Panostaja's Portfolio Company Grano initiates change negotiations concerning temporary layoffs

Panostaja
Regulatory press release14.10.2026, 13.00

Panostaja's Portfolio Company Grano initiates change negotiations concerning temporary layoffs

Panostaja
Regulatory press release17.09.2026, 13.00

Changes in Panostaja Oyj’s Senior Management Team

Panostaja
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
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