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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.

Tekova

0.98 EUR-0.41 %13.11, 17.25
Less than 1K followers

TEKOVA

First North Finland

Construction & Materials

Industrials

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
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-0.41 %
-12.71 %
-19.84 %
-23.28 %
-24.75 %
-31.57 %
-
-
+7.32 %

Tekova is a construction company in Finland, specializing in the construction of business premises, offices, logistics, production and sports facilities. The projects are tailored to the needs of the customers. The regional companies include Tekova Länsi-Suomi Oy in Tampere and Tekova Pohjois-Suomi Oy in Kempele. Tekova was founded in 2018 and has its headquarters in Vantaa.

Read more
Market cap
42.89M EUR
Turnover
28.59K EUR
P/E (adj.) (26e)
5.83
EV/EBIT (adj.) (26e)
2.46
P/B (26e)
2.27
EV/S (26e)
0.23
Dividend yield-% (26e)
7.64 %
Coverage
Recommendation
Accumulate
Target price
1.20 EUR
Updated
27.10.2026
Disclaimer
Atte Jortikka
Atte Jortikka

Analyst

Latest research

Latest analysis report

Released: 28.10.2026

Latest extensive report

Released: 15.10.2026

Revenue and EBIT-%
EPS and dividend
Risk
Business risk
Valuation risk
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Forum discussions
Hi, thanks for the good question. The increase in the required rate of return is not company-specific. We raised our risk-free rate assumption to 3.0% (previously 2.5%). This parameter is common to all companies under our coverage, so the same change will gradually be reflected across...
11/2/2026, 8:36 AM
by Atte Jortikka
18
Hold on a second. Tekova’s report beat Inderes’ profitability estimate as well as EBIT and EPS clearly (again). The analyst raises the EPS forecasts for the current year and next year by a cent. Due to rising interest rates, the analyst increases the required rate of return. WACC...
10/29/2026, 7:44 PM
by Onni Mäihä
11
Here is @henrielo’s piece on Tekova. The CEO notes that spring and summer were commercially quieter than usual, but “there is now a clearly positive sentiment in the market, and the lead volume has started to pick up.” A lead refers to a potential customer. At Tekova, the average...
10/29/2026, 4:03 PM
by Sijoittaja-alokas
11
These charts illustrate the recent development quite well (webcast starting from 19:25 onwards). The company has always emphasized that it prioritizes profitability over volume. (Of course, we would all prefer to see growing earnings even on flat revenue.) The steadily improving ...
10/27/2026, 9:50 AM
10
Let’s post the results here as well Inderes Tekova Oyj:n liiketoimintakatsaus 1.1.-30.9.2026: Vahva tekeminen jatkui -... Tekova Oyj, Yhtiötiedote, Liiketoimintakatsaus 27.10.2026, klo 08.00Tekova Oyj:n liiketoimintakatsaus 1.1.-30.9.2026: Vahva tekeminen jatkuiTärkeimmät tapahtumat...
10/27/2026, 6:55 AM
by supremegod
10
Tekova Handed Over Kuopio Commercial Property to Kielo – All Four Stores to Open by Year-End | Kauppalehti
11/10/2026, 12:11 PM
by Alamäki
6
Here is the company report from Atte following Tekova’s Q3 release Tekova’s Q3 revenue fell short of our forecast, but operating profit clearly exceeded it, and the margin rose above 10% supported, in our view, by self-developed projects. The order backlog thinned to EUR 57 million...
10/28/2026, 5:28 AM
by Sijoittaja-alokas
6
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Tekova Q3'26: Resultatet bærer, ordrebogen bekymrer
Research28.10.2026, 06.20
by Atte Jortikka

Tekova Q3'26: Resultatet bærer, ordrebogen bekymrer

Den stigende andel af egenudviklede projekter understøtter efter vores vurdering dækningsbidragene på trods af en svag ordreindgang.

Tekova
Tekova Q3'26 kort kommentar: Omsætningen skuffede, rentabiliteten overraskede
Analyst Comment27.10.2026, 07.25
by Atte Jortikka

Tekova Q3'26 kort kommentar: Omsætningen skuffede, rentabiliteten overraskede

EBIT-marginen steg til 10,4 % og overgik vores estimat klart.

Tekova
Tekova planlægger 50 megawatt datacentersprojekt i Perho
Analyst Comment23.10.2026, 07.30
by Atte Jortikka

Tekova planlægger 50 megawatt datacentersprojekt i Perho

Næsten alt er stadig åbent, men hvis projektet bliver gennemført, vil det sandsynligvis være væsentligt.

Tekova

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Tekova Q3'26-preview: Udsigterne under luppen
Analyst Comment22.10.2026, 06.55
by Atte Jortikka

Tekova Q3'26-preview: Udsigterne under luppen

Ordrereserven faldt efter vores vurdering klart i kvartalet, hvilket gør ordretilgangen i de kommende kvartaler kritisk.

Tekova
Tekova omfattende analyse: Uden indtjeningsvækst
Extensive research15.10.2026, 07.30
by Atte Jortikka

Tekova omfattende analyse: Uden indtjeningsvækst

Aktien er billig efter sidste års vækstsprang på næsten alle målestokke, men vores estimater mangler indtjeningsvækst.

Tekova
Analyst Comment13.10.2026, 10.01
by Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

RT's economic review reinforced the picture of a mixed market

ConstiKreate GroupGRK InfraYITSRV GroupEcoUpHonkarakenneTekovaLapWallToivo Group
Tekova: Q3-ordreindgang lå klart under forventningerne
Analyst Comment08.10.2026, 07.20
by Atte Jortikka

Tekova: Q3-ordreindgang lå klart under forventningerne

Projekternes samlede værdi på 11 MEUR lå klart under vores forventninger på cirka 25 MEUR.

Tekova
Analyst Comment03.09.2026, 09.15
by Atte Jortikka, Tommi Saarinen, Christoffer Jennel

Case: Data centers jump-starting construction

We estimate that data center construction is partly filling the gap left in the construction market by the decline in residential construction in recent years.

Kreate GroupYITSRV GroupGRK InfraSitowise GroupTekovaLapWallConstiNYABEltelEnersense International
Tekova Q2'26: Kortsigtede drivere mangler
Research23.07.2026, 06.50
by Atte Jortikka

Tekova Q2'26: Kortsigtede drivere mangler

Aktien er stadig prissat meget moderat, selvom vi på kort sigt ikke ser klare katalysatorer for en stigning i multiplerne.

Tekova
Tekova, Webcast, Q2'26
Webcast22.07.2026, 09.00

Tekova, Webcast, Q2'26

Tekova
Tekova Q2'26 – kort kommentar: Operationelt en smule bedre kvartal end forventet
Analyst Comment22.07.2026, 07.25
by Atte Jortikka

Tekova Q2'26 – kort kommentar: Operationelt en smule bedre kvartal end forventet

På trods af en lille operationel indtjeningsoverraskelse landede indtjeningen per aktie på linje med vores estimater.

Tekova
Tekova Q2'26 preview: Stærk sammenligningsperiode i vente
Analyst Comment16.07.2026, 07.15
by Atte Jortikka

Tekova Q2'26 preview: Stærk sammenligningsperiode i vente

Vi forventer, at selskabets omsætning er faldet en smule fra den stærke sammenligningsperiode. Vi vurderer dog, at rentabiliteten har holdt sig på et godt niveau.

Tekova
Analyst Comment03.07.2026, 06.00
by Kasper Mellas

Tekova meddelt, at de i Q2 modtog nye ordrer for 24 MEUR

Udviklingen i ordrebeholdningen og den hurtige opstart af projekter understøtter selskabets omsætningsudvikling i slutningen af året.

Tekova
Tekova hævede forventningernes nedre grænser som forventet
Analyst Comment17.06.2026, 06.47
by Atte Jortikka

Tekova hævede forventningernes nedre grænser som forventet

Præciseringen af forventningerne var forventet og medfører ingen ændringer i vores estimater.

Tekova
Third party research24.04.2026, 09.44

Tekova: Q1 beat lifts earnings confidence; valuation remains undemanding - Evli

Tekova’s Q1 results exceeded expectations, reinforcing confidence that operating profit will land in the upper half of guidance. Combined with reduced earnings risk and an undemanding valuation, this supports an upgrade to BUY.

Tekova
Third party research24.04.2026, 08.52

Tekova: Q1 beat lifts earnings confidence; valuation remains undemanding - Evli

Tekova’s Q1 results exceeded expectations, reinforcing confidence that operating profit will land in the upper half of guidance. Combined with reduced earnings risk and an undemanding valuation, this supports an upgrade to BUY.

Tekova
Tekova Q1'26: Omsætningsudviklingen er ved at stabilisere sig
Research24.04.2026, 06.45
by Atte Jortikka

Tekova Q1'26: Omsætningsudviklingen er ved at stabilisere sig

Tekovas omsætningsudvikling i første kvartal var klart stærkere end vores forventninger. Vi forventer dog, at udviklingen vil aftage fra andet kvartal og frem, da sammenligningsperioderne bliver mere udfordrende.

Tekova
Third party research23.04.2026, 10.01

Tekova: Multiple projects deliveries led to strong results - Evli

Tekova Q1 result was strong start to the year. Revenue, EBIT and EPS all exceeded estimates.

Tekova
Tekova, Webcast, Q1'26
Webcast23.04.2026, 09.00

Tekova, Webcast, Q1'26

Tekova
Tekova Q1'26 - kort kommentar: Stærk omsætningsvækst fortsatte
Analyst Comment23.04.2026, 07.44
by Atte Jortikka

Tekova Q1'26 - kort kommentar: Stærk omsætningsvækst fortsatte

Den hurtige afvikling af ordrebeholdningen drev omsætningen til en vækst på 17 %, hvilket klart oversteg vores estimater.

Tekova