Tietoevry
17.77 EUR +2.42%14,377 investors are following this company
Tietoevry is active in the IT sector. The company offers a range of software and cloud-based solutions, with the greatest specialist expertise in SaaS solutions. Expertise is found in business processes, application services, infrastructure solutions, and front-end solutions. Customers are found in a number of markets on a global level. The company was created in 2019 via a merger of Tieto and EVRY. The head office is located in Helsinki.
P/E (24e)
8.5
EV/EBIT (adj.) (24e)
8.19
EV/S (24e)
1.03
Dividend yield-% (24e)
8.44 %
Target price
24.00 EUR
Recommendation
Buy
Updated
25.4.2024
NASDAQ Helsinki
TIETO
Daily low / high price
17.64 / 18.09
EUR
Market cap
2.11B EUR
Turnover
13.07M EUR
Volume
731K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Joni Grönqvist
Analyst
Latest videos
Financial calendar
Interim report
23.07.2024
Half year dividend
20.09.2024
Interim report
24.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 10.9 % | 10.9 % |
Ilmarinen Mutual Pension Insurance | 1.7 % | 1.7 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Petter Söderström | 21.09.2023 | 9,747EUR |
Kimmo Alkio | 05.05.2021 | 346,156EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 2,786.4 | 2,823.3 | 2,928.1 | 2,851.4 | 2,893.8 | 2,977.1 | 3,077.1 | 3,196.7 |
growth-% | 60.7 % | 1.3 % | 3.7 % | -2.6 % | 1.5 % | 2.9 % | 3.4 % | 3.9 % |
EBITDA | 322.5 | 552.0 | 428.5 | 408.1 | 441.4 | 446.9 | 473.4 | 487.0 |
EBIT (adj.) | 355.1 | 367.7 | 379.0 | 358.7 | 364.2 | 383.6 | 410.6 | 425.9 |
EBIT | 146.7 | 382.0 | 266.3 | 255.7 | 286.6 | 293.9 | 319.4 | 333.0 |
Profit before taxes | 122.4 | 353.8 | 242.6 | 220.8 | 237.7 | 252.2 | 282.4 | 301.6 |
Net income | 94.5 | 291.6 | 188.4 | 172.2 | 186.3 | 199.2 | 223.1 | 238.3 |
EPS (adj.) | 2.19 | 2.20 | 2.35 | 2.14 | 2.09 | 2.28 | 2.49 | 2.63 |
growth-% | 9.1 % | 0.5 % | 6.9 % | -8.8 % | -2.4 % | 9.1 % | 9.3 % | 5.6 % |
Dividend | 1.32 | 1.40 | 1.45 | 1.47 | 1.50 | 1.55 | 1.60 | 1.65 |
Dividend ratio | 165.4 % | 56.9 % | 91.1 % | 101.1 % | 95.4 % | 92.1 % | 84.9 % | 82.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 11.6 % | 19.6 % | 14.6 % | 14.3 % | 15.3 % | 15.0 % | 15.4 % | 15.2 % |
EBIT-% (adj.) | 12.7 % | 13.0 % | 12.9 % | 12.6 % | 12.6 % | 12.9 % | 13.3 % | 13.3 % |
EBIT-% | 5.3 % | 13.5 % | 9.1 % | 9.0 % | 9.9 % | 9.9 % | 10.4 % | 10.4 % |
ROE | 5.7 % | 16.9 % | 10.6 % | 10.3 % | 11.7 % | 12.5 % | 13.7 % | 14.3 % |
ROI | 5.4 % | 13.7 % | 9.8 % | 9.4 % | 10.8 % | 11.6 % | 12.8 % | 13.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 26.86 | 27.48 | 26.52 | 21.54 | 17.77 | 17.77 | 17.77 | 17.77 |
Shares | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 |
Market cap | 3,180.9 | 3,254.3 | 3,140.3 | 2,550.6 | 2,104.2 | 2,104.2 | 2,104.2 | 2,104.2 |
Enterprise value | 4,097.2 | 3,900.1 | 3,850.6 | 3,494.1 | 2,983.0 | 2,898.0 | 2,793.3 | 2,709.7 |
EV/S | 1.5 | 1.4 | 1.3 | 1.2 | 1.0 | 1.0 | 0.9 | 0.8 |
EV/EBITDA | 12.7 | 7.1 | 9.0 | 8.6 | 6.8 | 6.5 | 5.9 | 5.6 |
EV/EBIT (adj.) | 11.5 | 10.6 | 10.2 | 9.7 | 8.2 | 7.6 | 6.8 | 6.4 |
EV/EBIT | 27.9 | 10.2 | 14.5 | 13.7 | 10.4 | 9.9 | 8.7 | 8.1 |
P/E (adj.) | 12.3 | 12.5 | 11.3 | 10.1 | 8.5 | 7.8 | 7.1 | 6.8 |
P/E | 33.7 | 11.2 | 16.7 | 14.8 | 11.3 | 10.6 | 9.4 | 8.8 |
P/B | 2.0 | 1.8 | 1.8 | 1.6 | 1.3 | 1.3 | 1.3 | 1.2 |
P/S | 1.1 | 1.2 | 1.1 | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 |
Dividend yield | 4.9 % | 5.1 % | 5.5 % | 6.8 % | 8.4 % | 8.7 % | 9.0 % | 9.3 % |
Equity ratio | 45.1 % | 50.8 % | 50.7 % | 45.8 % | 47.8 % | 48.6 % | 49.9 % | 51.4 % |
Gearing ratio | 56.3 % | 35.5 % | 41.3 % | 58.5 % | 55.5 % | 49.4 % | 41.9 % | 35.7 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 695.1 | 659.7 | 752.2 | 2,851.4 | 733.9 | 706.3 | 672.9 | 780.7 | 2,893.8 |
EBITDA | 80.2 | 98.1 | 122.5 | 408.1 | 103.2 | 98.1 | 107.9 | 132.2 | 441.4 |
EBIT | 41.2 | 61.7 | 84.2 | 255.7 | 62.7 | 60.0 | 69.8 | 94.1 | 286.6 |
Profit before taxes | 34.7 | 53.3 | 70.6 | 220.8 | 50.5 | 48.0 | 57.5 | 81.7 | 237.7 |
Net income | 27.4 | 41.4 | 55.0 | 172.2 | 38.4 | 38.0 | 45.4 | 64.5 | 186.3 |
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TIETO: Obtained noteholder consents in respect of the EUR 300 million notes due 2025 not becoming effective due to the discontinuation of Tietoevry's demerger process
Obtained noteholder consents in respect of the EUR 300 million notes due 2025 not becoming effective due to the discontinuation of Tietoevry's demerger process
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