contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tekova-turning-blueprints-into-bottom-line-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

Here is Atte’s preview report on Tekova, which will release its Q4 results on Thursday, February 12th.  In the report, we are particularly focused on the guidance provided for 2026, as we expect volume development to level off after an exceptionally strong growth year in 2025. In our view, turning Tekova’s revenue towards more distinct growth this year would require further significant project wins, such as last year’s data center project or the recently announced 17 MEUR self-developed project. Additionally, we are looking for evidence from the results and guidance that the company is able to maintain its earnings performance despite the significant growth in the scale of the business. On the other hand, in our forecasts, relative profitability this year will be supported by the completion of self-developed projects. We reiterate our target price of EUR 1.65 and Accumulate recommendation.                   Inderes              Tekova Q4’25 -ennakko: Haemme näkyvyyttä tuloskunnon kestävyyteen - Inderes    Tekova julkaisee vuoden 2025 tilinpäätöstiedotteensa torstaina 12.2.2026.

I wonder why Tekova has not yet risen towards Evli’s target price. Having spoken face-to-face with the CEO several times, I consider him a person who truly leads the company with an entrepreneurial spirit. He works long hours for the benefit of all of us shareholders and, of course, for his own, as he is the second-largest shareholder. I can’t think of another listed company off the top of my head where the CEO has such a large personal stake. Tekova’s share price has not yet reacted to its excellent performance because there is still widespread disbelief towards the entire construction industry. On the other hand, I understand this. Many have bitter experiences from the brutal decline of Lehto, SRV, and YIT. When you add the constant media drumbeat about the slump in residential construction, it is likely difficult for many to believe that some builder is striking gold. People don’t seem to realize that Tekova doesn’t build housing, but rather commercial premises for companies and public entities with excellent margins. We will likely have to wait a while longer for investors’ faith in the construction sector to be restored. However, I consider it an excellent sign that Evli started covering Tekova. This creates confidence in the entire industry.

Here is a link to Evli’s company report (at the end of the summary, there is a link to a comprehensive report-style PDF).                   Evli              Tekova - Turning blueprints into bottom line                              (It was news to me that Evli’s analyses are freely available to read.) Edit: One pick regarding dividend speculation…  Evli apparently does not expect a major change in the payout ratio:  For 2024, a dividend of EUR 0.04 was paid, representing 35% of net profit. Given the capital requirement for project development, we expect no major increase in the company’s dividend payout ratio.

Additionally, Evli also initiates coverage: “Evli initiates coverage of Tekova with a buy recommendation and a target price of EUR 1.7”

Tekova news Tekova signs sale and lease agreements for a self-developed project – approximately 9,000 m² of production and warehouse facilities for Adapteo in Riihimäki | Kauppalehti

Tekova news in Kauppalehti Puuilo and Rusta to open new stores in a commercial property developed by Tekova in Raasepori | Kauppalehti

Tekova has been quite reasonably successful in increasing the number of shareholders. When Tekova technically listed, there were 181 shareholders, and now in December, there were 2,033. This is quite good, given that the growth of the shareholder base has occurred solely through increasing revenue and earnings without any efforts related to share issues. In other words, the technical listing was cost-effective since they didn’t have to pay substantial consultant or other fees to listing agents. This describes the company well: they produce results and don’t waste money on extras. Indeed, profit also brings in more shareholders. Overall, this reflects Tekova’s very disciplined performance culture. They only undertake projects that fall within their own strong core competencies. Every project must be certainly profitable; others are turned down. Growth is not the goal, but a consequence, provided they are certain that a project fits their specific model. One would think many other companies would adopt this kind of mindset as their goal. Not unrestrained growth, but profitable growth.

Tekova

We initiate coverage of Tekova with a BUY rating and a target price (TP) of EUR 1.7. We estimate that Tekova will increase its profitability in 2026, when its announced self-developed projects...

We initiate coverage of Tekova with a BUY rating and a target price (TP) of EUR 1.7. We estimate that Tekova will increase its profitability in 2026, when its announced self-developed projects are completed. The current valuation implies a significant decline in profitability, which we do not expect. In our view, Tekova can maintain a high level of profitability going forward.