Tietoevry: Price rise has reversed the clearest undervaluation
Tietoevry’s comments in the analyst call were in line with earlier. Uncertainty remains in a few areas, while the demand for the software business continues as good. Our forecasts include a milder decline in the areas that suffer from the market, and our forecasts for the full year are at the bottom of the guidance. Thus, there is still a slight risk of a profit warning for Q4. On the other hand, we believe the stock market is well aware of this risk. The price increase has reversed the clearest short-term undervaluation (adj. 2024 EV/ EBIT 9x).
Tietoevry
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.
Read more on company pageKey Estimate Figures16.01
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 2.928,1 | 2.848,7 | 2.911,9 |
vækst-% | 3,71 % | -2,71 % | 2,22 % |
EBIT (adj.) | 379,0 | 359,6 | 374,9 |
EBIT-% (adj.) | 12,95 % | 12,62 % | 12,88 % |
EPS (adj.) | 2,35 | 2,19 | 2,27 |
Udbytte | 1,45 | 1,50 | 1,55 |
Udbytte % | 5,47 % | 8,44 % | 8,72 % |
P/E (adj.) | 11,29 | 8,12 | 7,81 |
EV/EBITDA | 8,99 | 7,44 | 6,52 |