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
    }
  }
}


admicom-inleder-aterkop-av-egna-aktier-for-maximalt-25-meur

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

It depends on the perspective. The company has invested quite a bit in its organization over the last few years. The question, of course, is whether this was catch-up investment or a push for future growth. If the market is stagnant and growth is not being achieved, then additional recruitment might not necessarily be a sensible allocation target. This share buyback was hardly significant enough in scale to rule out acquisitions; rather, it is more of a signal to the market. While the dividend was cut, this is a sign that management has more in its toolbox than just the dividend syringe and the M&A hammer.

A welcome step would probably be to allocate these funds toward that 100m ARR and 40% EBIT growth target. But the Swedish main owners are apparently satisfied with this being a small Jyväskylä-based firm that generates an okay ROE and ROI.

Admicom has seen some fairly heavy trading volume for a couple of days now. Clearly higher than normal.

Or alternatively, use cheaply acquired shares as part of the purchase price when making acquisitions and to incentivize the management of the acquired company. That would also work!

Inderes              Sisäpiiritieto: Admicom Oyj aloittaa enintään 2,5 miljoonan euron suuruisen...    2.3.2026 18.05 | Admicom Oyj | SisäpiiritietoAdmicom Oyj:n (”Admicom”) hallitus on 2.3.2026 päättänyt aloittaa omien osakkeiden takaisinosto-ohjelman. Takaisinosto-ohjelman tarkoituksena on ...                             This is a good start! Once the shares are cancelled, this will go very well. But a welcome step.

Admicom’s CEO also appeared on the HS Visio podcast. If you want to hear about the topics from yesterday’s presentation in Finnish, go ahead and give it a listen

One could imagine that Admicom might also face considerable buyout pressure at these valuation levels. It’s quite absurd that the EV/EBIT (adj.) is hovering around 11 for this year. I wouldn’t be surprised at all if some party were to swallow this up. But of course, I’d rather follow this as a strongly growing independent listed company. In my opinion, the EBIT margin doesn’t need to be improved any further; instead, they should step on the gas to bolster growth. Fortunately, Admicom is very focused and hasn’t started branching out too much with its acquisitions. The foundation should be in pretty good shape now for the next growth leap.

Admicom

Återköp av egna aktier är välkomna då aktiens värdering är historiskt låg


Automatisk &#xf6;vers&#xe4;ttning: Ursprungligen publicerad p&#xe5; finska 2026-03-03 05:00 GMT. Ge feedback <a href="https://forum.inderes.com/t/inderes-fi-sisallon-kehitysideat/71/?tl=sv">h&#xe4;r</a>.Admicom meddelade p&#xe5; m&#xe5;ndagen att de inleder ett &#xe5;terk&#xf6;psprogram f&#xf6;r egna aktier p&#xe5; maximalt 2,5 MEUR. Nyheten &#xe4;r enligt v&#xe5;r mening en forts&#xe4;ttning p&#xe5; <a class="text-primary underline" href="https://www.inderes.fi/research/admicom-tekoalypelot-ovat-mielestamme-lyoneet-yli" target="_blank" rel="noopener noreferrer nofollow">informationstillf&#xe4;llet</a> som f&#xf6;retaget h&#xf6;ll f&#xf6;rra torsdagen, i ljuset av vilket f&#xf6;retaget anser sig vara en relevant akt&#xf6;r &#xe4;ven i AI-eran. Aktiens v&#xe4;rdering har tyngts till historiskt l&#xe5;ga niv&#xe5;er p&#xe5; grund av AI-r&#xe4;dsla, och f&#xf6;rv&#xe4;rvet av egna aktier &#xe4;r enligt v&#xe5;r mening ett st&#xe4;llningstagande fr&#xe5;n f&#xf6;retagets styrelse till en situation som m&#xe5;nga investerare ocks&#xe5; har &#xf6;nskat.
Programmet &#xe4;r dock relativt litet i storlek och motsvarar endast ungef&#xe4;r 1,6 % av aktiekapitalet. Med tanke p&#xe5; Admicoms starka balansr&#xe4;kning kunde f&#xf6;retaget ha initierat ett mer aggressivt k&#xf6;pprogram, men vi bed&#xf6;mer att f&#xf6;retaget sparar balansr&#xe4;kningens kapacitet f&#xf6;r framtida f&#xf6;retagsf&#xf6;rv&#xe4;rv.

	2025	26e	27e
Revenue	37.7	40.4	44.5
growth-%	6.1 %	7.0 %	10.3 %
EBIT (adj.)	12.0	13.1	14.9
EBIT-% (adj.)	31.7 %	32.4 %	33.4 %
EPS (adj.)	1.93	2.15	2.46
Dividend	0.32	0.40	0.50
Dividend %	0.8 %	1.3 %	1.6 %
P/E (adj.)	21.8	14.9	13.0
EV/EBITDA	16.6	10.4	8.4

Admicom inleder återköp av egna aktier för maximalt 2,5 MEUR

Key Estimate Figures26/02

Forum discussions