Tecnotree

0,432EUR −1,41 %
8 428 investerare följer bolaget.

Tecnotree är verksamma inom IT-sektorn. Bolaget är specialiserade inom utveckling av digitala kommunikationslösningar. Tjänsterna används huvudsakligen bland bolagets små- och medelstora företagskunder och innefattar exempelvis affärsanalys, marknadsföring, samt utveckling av digitala marknadsplatser. Verksamhet innehas på global nivå, med störst närvaro runtom den nordiska marknaden.

P/E (23e)
8,39
EV/EBIT (23e)
5,83
EV/S (23e)
1,53
Direktavkastnings- % (23e)
-
Riktkurs
0.54 EUR
Rekommendation
Öka
Uppdaterad
28.3.2023
NASDAQ Helsinki
TEM1V
Dagens lägsta / högsta pris
0,428 / 0,449 EUR
Börsvärde
137,85 mn EUR
Omsättning
160,99 tn EUR
Volym
371 tn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Analyst

Finansiell kalender

Bolagsstämma
2023-04-19
Årlig dividend
2023-04-20
Delårsrapport
2023-04-28
Delårsrapport
2023-08-04
Delårsrapport
2023-10-27

Income statement

20192020202120222023e2024e2025e2026e
Revenue47,0052,8064,2071,6080,1986,7294,1098,81
growth-%12,17 %12,34 %21,59 %11,53 %12,00 %8,14 %8,51 %5,00 %
EBITDA15,4020,3325,2819,8126,0131,3634,1635,43
EBIT (adj.)13,0019,3023,6818,3121,0225,4827,2127,67
EBIT14,4018,6023,6818,3121,0225,4827,2127,67
Profit before taxes11,8515,8921,5017,2320,0224,5826,4126,87
Net income7,7513,5618,4011,5516,0119,6621,1321,49
EPS (adj.)0,030,050,060,040,050,060,070,07
growth-%82,50 %14,26 %−36,78 %38,64 %22,81 %7,43 %1,74 %
Dividend0,000,000,000,000,000,000,000,00
Dividend ratio

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%32,77 %38,50 %39,38 %27,67 %32,43 %36,16 %36,30 %35,86 %
EBIT-% (adj.)27,66 %36,55 %36,88 %25,57 %26,21 %29,38 %28,91 %28,00 %
EBIT-%30,64 %35,23 %36,88 %25,57 %26,21 %29,38 %28,91 %28,00 %
ROE−472,36 %116,24 %41,99 %15,62 %18,17 %18,56 %16,72 %14,56 %
ROI102,35 %73,05 %46,84 %23,97 %22,89 %23,77 %21,53 %18,74 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)0,170,701,470,620,430,430,430,43
Shares235,30274,63313,21310,98310,98310,98310,98310,98
Market cap40,00193,34461,04194,05134,41134,41134,41134,41
Enterprise value50,61198,73443,49186,60122,53110,8397,0380,33
EV/S1,083,766,912,611,531,281,030,81
EV/EBITDA3,299,7817,549,424,713,532,842,27
EV/EBIT (adj.)3,8910,3018,7310,195,834,353,572,90
EV/EBIT3,5110,6818,7310,195,834,353,572,90
P/E (adj.)6,0313,6925,0616,808,396,836,366,25
P/E5,1614,2625,0616,808,396,836,366,25
P/B11,669,726,812,421,401,160,980,85
P/S0,853,667,182,711,681,551,431,36
Dividend yield
Equity ratio9,86 %39,33 %85,38 %77,14 %81,31 %86,34 %88,52 %89,54 %
Gearing ratio292,21 %27,12 %−25,91 %−9,30 %−12,35 %−20,36 %−27,30 %−34,14 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue13,3018,3019,9020,1071,6014,9120,3321,7023,26
EBITDA2,996,034,156,6419,813,106,487,998,45
EBIT2,045,115,056,1218,311,855,236,747,20
Profit before taxes1,645,855,054,6917,231,604,986,496,95
Net income1,044,003,353,1611,551,283,985,195,56
Publisher
Aktieanalys

Tecnotree: Risk/return ratio has improved with share price drop

Tecnotree's share has been declining heavily since the company's financial statements report, which has resulted in the share’s valuation falling to a low level. Low visibility into future cash flows keeps the company's risk profile high, and the threats...

Publisher
Aktieanalys

Tecnotree: Keeping a close eye on cash flows

Tecnotreen Q4-raportti ylitti ennusteemme sekä liikevaihdon että tuloksen osalta. Tulosylitystä selitti kuitenkin pitkälti odotuksiamme suuremmat tuotekehitysmenojen aktivoinnit. Investointien ja käyttöpääoman sitoutumisen myötä kassavirta oli reilusti pakkasella.

Publisher
Aktieanalys

Tecnotree: Expanding product portfolio and customer base

We have included Tecnotree's CognitiveScale acquisition last weekend in our estimates. We see the acquisition of CognitiveScale's AI platform as a sensible addition to Tecnotree's product portfolio, which will strengthen the company's position in its customer base.

Publisher
Aktieanalys

Tecnotree: Profitability pressures and better cash flow

Tecnotree's Q3 figures exceeded our forecasts in terms of revenue and underperformed in terms of profit. The strong cash flow was the highlight of the report, and the company did well in repatriating receivables during the quarter.

Publisher
Omfattande aktieanalys

Tecnotree: Fruit of the money tree yet to be harvested

Over the last few years, Tecnotree has sealed its return from a company in crisis to a profitable growth company. However, this growth has tied up significant working capital in the form of receivables, and in the coming years the company will need to demonstrate a sustained improvement in its cash flow profile.

Publisher
Aktieanalys

Tecnotree: Growth story overshadowed by expanding receivables

Tecnotree's Q2 figures fell short of our expectations, both in terms of revenue and earnings. The company also issued a guidance for the first time in a long time, but it was cautious compared to our forecasts.

Publisher
Aktieanalys

Tecnotree: Building tomorrow

Tecnotree published its Q1 report on Friday. Investments to ensure long-term growth, competitiveness and hence value creation are strategically correct moves despite the hits to profitability in the short term.

2022-05-02 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Briskly forward

Over the past few years Tecnotree has proven both the efficiency of its operating model and its technological competitiveness. The company's longer-term value creation outlook is good and the share is not particularly expensive.

2022-02-28 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Déjà-vu

Tecnotree's long-term value creation outlook has not changed and the same is also true for our fair value estimate for the company. However, the price has fallen again, which has turned the annual return expectation excellent.

2021-12-03 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Indicators pointing in the right direction

On Friday, Tecnotree published its Q3 report that was well in line with our expectations. The company's longer-term earnings growth outlook is good and relative to this the share price is not too high. However, the recent share price increase has been...

2021-11-01 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Value doesn't shake with the price

During last month, Tecnotree has advanced in its new customer acquisition and finally been able to leave behind the restructuring program that partially limited its growth potential. Our view of the real value of the company hasn’t changed, but with ...

2021-10-12 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Fine steps forward

Yesterday, Tecnotree published a slightly stronger Q2 report than our estimates. The company is on a good track, as it’s growing profitably and making performance-increasing investments at the same time. After the completed financing arrangement, Tecnotree...

2021-08-13 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Earnings growth on the horizon

The demand drivers of Tecnotree’s products are healthy and the company’s own competitiveness or investment ability should not restrict its ability to jump on growth opportunities. We still consider the share’s valuation to be unjustifiably low and the...

2021-05-31 av Joonas Korkiakoski
Publisher
Aktieanalys

Tecnotree: Good leap into the new year

Tecnotree’s Q1 report published yesterday was better than we expected on all fronts. The company can both grow profitably and strengthen its financial performance and competitiveness with investments according to strategy. A combination of these factors...

2021-04-30 av Joonas Korkiakoski
Publisher
Omfattande aktieanalys

Tecnotree: A well-performing phoenix

Over the past few years, the company has made several successful strategic moves. With these, the company’s technological competitiveness has improved, business structure has become better, and operational activities have reached a new level. Considering...

2021-03-30 av Joonas Korkiakoski