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Research

Haastavaa, mutta parempaan päin

By Joni GrönqvistAnalyst
Vincit
Download report (PDF)This report is only available for Inderes Premium customers.

Vincitin Q4 oli matalia odotuksia hieman heikompi. Koko vuosi oli Vincitille haastava ja yhtiö toteutti vuoden aikana useampia tehokkuustoimenpiteitä ja tekee myös uusia tänä vuonna kannattavuuden tukemiseksi. Ennustamme maltillista tuloskäännettä vuonna 2024, mikä on kuitenkin selvästi alle yhtiön potentiaalin ja säästöjen tehojen. Osakkeen arvostuskuva (2024e EV/EBITA 8x, EV/Liikevaihto 0,4x, P/E 15x ja DCF 4,5 €) on edelleen houkutteleva.

Vincit provides design and software development services. The services include e-commerce and web application software, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized business customers. The largest operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.

Read more on company page

Key Estimate Figures23.02.2024

202324e25e
Revenue98.194.4100.5
growth-%15.7 %-3.7 %6.4 %
EBIT (adj.)3.44.36.2
EBIT-% (adj.)3.4 %4.6 %6.2 %
EPS (adj.)0.160.190.29
Dividend0.100.150.17
Dividend %3.1 %15.6 %17.7 %
P/E (adj.)20.25.13.4
EV/EBITDA21.20.80.4

Forum discussions

Management does exactly what the (majority) owner says. I guess the owner says that this is good.
6/6/2026, 2:15 PM
by tzo
1
I am concerned that the current management has not made any insider purchases, even though the company is being priced at all-time lows. Doesn...
6/5/2026, 1:07 PM
by Chris Champ
6
CEO Julius Manni spoke about his company as an investment at the IT Services Evening Topics: (00:00) Introduction (00:16) Vision (00:31) Vincit...
5/27/2026, 4:00 PM
by Sijoittaja-alokas
2
Here are Joni’s comments regarding Vincit’s acquisition of the business operations of Data Clinic Oy, a company specialized in data and analytics...
5/27/2026, 6:34 AM
by Sijoittaja-alokas
4
Julius Manni did quite well at IT Day; for the first time, I heard clearly where the company’s focus is, and I think today’s acquisition supports...
5/26/2026, 2:14 PM
by TitoK
5
Vincit Tiedotteet Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and...
5/26/2026, 8:23 AM
by Cadel
9
The market has been extremely difficult in the IT services sector, but in Vincit’s case, the company’s board really needs to look in the mirror...
5/13/2026, 7:42 PM
by SoftaSijoittaja
4