• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

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.

Talenom

1.33 EUR+3.10 %14.8, 17.29
9,999 following

TNOM

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+3.10 %
+11.76 %
+8.48 %
-12.46 %
-34.31 %
-41.73 %
-68.31 %
-87.13 %
+75.85 %

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

Read more
Market cap
60.91M EUR
Turnover
123K EUR
P/E (adj.) (26e)
27.33
EV/EBIT (adj.) (26e)
22.68
P/B (26e)
1.52
EV/S (26e)
1.2
Dividend yield-% (26e)
3.76 %
Coverage
Recommendation
Buy
Target price
1.70 EUR
Updated
14.08.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 14.08.2026

Latest extensive report

Released: 18.06.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types

Forum discussions
There have been so many strange comments lately that I feel compelled to share my own perspective. First off, let’s look at the big picture: Talenom has never had a loss-making year, and as far as I understand, its revenue has grown every single year. The company is in an entirely...
8/14/2026, 8:28 AM
by Gold
17
Thanks @Juha_Kinnunen for the CEO interview. I think you challenged the Spain write-down well, but I was left wanting a question about how this came as a surprise. I’m not worried if Tokmanni’s inventory is written down by millions—valuations can go either way, nothing is added or...
yesterday
by Moogle
12
The €1.2 million impairment of trade receivables in Spain was asked about in the video interview, but the answer could have been even clearer. Was this caused by one specific acquired accounting firm, or were unpaid invoices from all the accounting firms bundled together to reach...
8/13/2026, 9:13 PM
by Nordman09
12
Talenom is starting to reach Tecnotree levels with these international operations. €1.2 million is a shockingly large write-down of accounts receivable, considering the annual revenue is under €10 million. That means work was done—let’s say by 14 accountants for the entire year—and...
8/14/2026, 6:01 AM
by TTTT
10
I am writing down some of my own thoughts regarding the company and the results. Finland: Good work, profitability is high and revenue continues to grow. In the same breath, I’ll say that it is always easier to come down from the peak (profitability), and I wouldn’t be surprised ...
8/14/2026, 6:41 AM
by Jussi
9
Talenom’s growth strategy is based on acquisitions, which is the rockiest path to growth, especially abroad. Problems usually emerge during the integration phase, as is the case here. In my experience, there can be many reasons for this, but one common one is that the operations ...
14 hours ago
by Tikkaa heittävä Apina
6
I took a look at the company from the perspective of management and the board. For an old fox like me, these rosters aren’t exactly convincing. What stood out on the board was the surprisingly limited experience in business management, let alone success in it. It’s difficult to start...
8/14/2026, 4:20 AM
by TitoK
6
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22.10
2026

Business review Q3'26

Talenom Q2'26: Unpleasant surprise in Spain clouded many positives
Research14.08.2026, 17.37 by
Juha Kinnunen

Talenom Q2'26: Unpleasant surprise in Spain clouded many positives

Talenom's Q2 earnings would have significantly exceeded our expectations had it not been for the 1.2 MEUR write-down of Spanish trade receivables. Finnish profitability clearly exceeded our estimates, and Sweden indicated an impending earnings turnaround, which is important for the company's risk profile.

Talenom
Talenom, Webcast, Q2'26
Webcast13.08.2026, 09.00

Talenom, Webcast, Q2'26

Talenom
Regulatory press release13.08.2026, 08.00

Talenom Plc Half-year Financial Report 2026: First full quarter following the demerger – operational business progressed as planned, profitability burdened by non-recurring impairment

Talenom

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
Talenom Q2'26 preview: Spain boosts growth as new costs weigh on earnings
Analyst Comment10.08.2026, 08.50 by
Juha Kinnunen

Talenom Q2'26 preview: Spain boosts growth as new costs weigh on earnings

According to our forecasts, Spain's revenue will surpass Sweden's for the first time in Q2.

Talenom
Press release03.08.2026, 09.30

Talenom Plc will publish its Half-year Financial Report 2026 on Thursday 13 August 2026

Talenom
Talenom extensive report: Finland stands firm, international turnaround is key
Extensive research18.06.2026, 16.39 by
Juha Kinnunen

Talenom extensive report: Finland stands firm, international turnaround is key

Talenom's Finnish core business continues to reliably generate strong cash flow, but investors doubt the sensibility of international growth.

Talenom
Analyst Comment28.05.2026, 07.36 by
Roni Peuranheimo, Frans-Mikael Rostedt

Case: Ekspertvirksomhedernes personalemargener er fortsat med at falde

Dækningsbidraget pr. medarbejder i konsulentvirksomheder er faldet støt i løbet af de seneste fem år.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
Talenom styrker sin position i Spanien med et lille opkøb
Analyst Comment21.05.2026, 07.00 by
Juha Kinnunen

Talenom styrker sin position i Spanien med et lille opkøb

Et nyt lille opkøb i Zaragoza understøtter Talenoms vækst i Spanien.

Talenom
Press release20.05.2026, 14.45

Talenom acquires a Spanish accounting company Seico Legal

Talenom
Regulatory press release13.05.2026, 15.15

The Board of Directors of Talenom Plc resolved on a new performance share plan 2026–2029

Talenom
Talenom Q1'26: Good start from new Talenom
Research07.05.2026, 08.50 by
Juha Kinnunen

Talenom Q1'26: Good start from new Talenom

Talenom's Q1 result exceeded our expectations, particularly due to stronger-than-anticipated growth in Finland, but there is still much to do in international operations.

Talenom
Regulatory press release06.05.2026, 08.00

Talenom Plc’s Business Review January-March 2026: A strategically significant quarter; partial demerger completed and a good start to new Talenom

Talenom
Talenom Q1'26 preview: Spanien accelererer, og Sverige søger et vendepunkt
Analyst Comment04.05.2026, 06.00 by
Juha Kinnunen

Talenom Q1'26 preview: Spanien accelererer, og Sverige søger et vendepunkt

Vi estimerer, at væksten på 27 % i Spanien vil opveje den svage udvikling i Finland, men Sverige vil fortsat være i underskud.

Talenom
Press release27.04.2026, 09.00

Talenom Plc will publish its January–March Business review 2026 on Wednesday 6 May 2026

Talenom
Regulatory press release23.04.2026, 13.10

Resolutions of Talenom Plc’s Annual General Meeting 2026 and organisational meeting of the Board of Directors

Talenom
Talenom fortsætter sin vækst i Spanien med et opkøb på 1,0 MEUR på Mallorca
Analyst Comment13.04.2026, 06.26 by
Juha Kinnunen

Talenom fortsætter sin vækst i Spanien med et opkøb på 1,0 MEUR på Mallorca

Et opkøb på Mallorca til 1 MEUR understøtter vores forventning om en vækst på 27 % i Spanien i 2026.

Talenom
Press release10.04.2026, 15.00

Talenom acquires a Spanish accounting company Brunet Aguilar Newco

Talenom
Regulatory press release25.03.2026, 07.15

Notice to the Annual General Meeting of Talenom Plc

Talenom
Regulatory press release25.03.2026, 07.00

Talenom’s Annual Review 2025 has been published

Talenom
Regulatory press release20.03.2026, 07.00

Talenom Plc: Disclosure under chapter 9, section 10 of the securities market act (Sp-Rahastoyhtiö Oy)

Talenom