The share price drop has pushed Talenom's valuation back to reasonable. We make no estimate changes, so the over 20% drop in the share price has been directly reflected in the company's valuation. We feel that the current valuation (2024e P/E 26x and EV/EBIT 22x) already offers a rather attractive expected return, considering the significant international growth investments that currently depress profitability, and whose yield will mature in coming years.
Talenom
Talenom is an accounting agency that offers a wide range of services in bookkeeping, invoice management and payroll issues. In addition to the main business, financial analysis and the possibility of real-time control are offered via the company's web services. The largest proportion of customers can be found among small and medium-sized business customers within the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.
Read more on company pageKey Estimate Figures27.03.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 102,1 | 126,2 | 156,1 |
vækst-% | 23,31 % | 23,64 % | 23,61 % |
EBIT (adj.) | 15,3 | 16,2 | 19,7 |
EBIT-% (adj.) | 14,95 % | 12,79 % | 12,65 % |
EPS (adj.) | 0,27 | 0,25 | 0,30 |
Udbytte | 0,18 | 0,19 | 0,20 |
Udbytte % | 1,98 % | 3,54 % | 3,72 % |
P/E (adj.) | 34,31 | 21,47 | 17,82 |
EV/EBITDA | 14,41 | 8,47 | 8,03 |