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Research

Tietoevry: A driver found to dissolve undervaluation

By Joni GrönqvistAnalyst
Tietoevry
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On Friday, Tietoevry reported a number of interesting things. In Q2, revenue continued to grow strongly, but the result was below expectations. The company raised its revenue guidance and repeated its profitability guidance. However, focus was on the company's plans to separate and list the Banking business, which we expect to clarify the structure, better enable business potential, and dissolve undervaluation. Our estimates remain almost unchanged and we expect stable earnings growth through strengthened revenue growth and profitability and good dividend yield for the coming years. The valuation picture of the share is still very attractive from several angles (2022e adj. P/E 11x and dividend yield > 6%) and now, with the separation, a driver to dissolve the undervaluation.

Tieto is a Nordic provider of digital services and software founded in 1968. The company is headquartered in Finland and employs experts worldwide. It serves thousands of private and public sector customers in nearly 100 countries.

Read more on company page

Forum discussions

Is Tieto being groomed for sale, as it feels like they are streamlining quite commendably now?
2/18/2026, 9:39 AM
10
News Powered by Cision Tieto myy kaksi Tieto Indtechin ohjelmistoliiketoimintaa EG:lle Tietoevry Oyj LEHDISTÖTIEDOTE 18.2.2026 klo 9.30 Tieto...
2/18/2026, 7:31 AM
by Cadel
26
News Powered by Cision Tieto ja Orange Business puitesopimukseen kapasiteetti- ja jatkuvien... Tietoevry Oyj LEHDISTÖTIEDOTE 17.2.2026 klo 10...
2/17/2026, 8:05 AM
by Cadel
18
Message merged into thread: Inderes.fi content development ideas
2/14/2026, 10:17 AM
by Sijoittaja-alokas
0
I support company-paid analysis. Company-paid analysis makes the existence of the coverage itself possible. As for Premium, I pay for the tool...
2/13/2026, 8:05 PM
by Pati_
6
Yep. Back when I was working at Tieto, as soon as Alkio arrived, everything started going downhill. I don’t know if it has anything to do with...
2/13/2026, 7:27 PM
by Pietu
6
At Tieto, things finally seem to be heading in a better direction after a long time. Replacing Alkio with a Norwegian was clearly a good move...
2/13/2026, 6:31 PM
by Hege_
10
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