Netum Group
2.66 EUR +1.14%1,686 investors are following this company
Netum operates in the IT sector. The company specializes in the development of software solutions. The software is self-developed and is mainly used for the design and implementation of software, management and monitoring of information systems, cyber security solutions, and for IT management. The customers consist of corporate customers operating in a number of sectors. In addition to the main business, various value-added services are offered. The largest operations are in the Nordic region.
P/E (24e)
11.89
EV/EBIT (adj.) (24e)
8.91
EV/S (24e)
0.84
Dividend yield-% (24e)
5.26 %
Target price
2.90 EUR
Recommendation
Accumulate
Updated
5.3.2024
First North Finland
NETUM
Daily low / high price
2.6 / 2.66
EUR
Market cap
34.01M EUR
Turnover
1.01K EUR
Volume
389
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Analyst
Joni Grönqvist
Analyst
Latest videos
Financial calendar
Business review
2024-05-07
Interim report
2024-08-20
Business review
2024-11-05
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Matti Mujunen | 15.4 % | 15.4 % |
Cascate Oy (Olavi Köngäs) | 11.8 % | 11.8 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Mari Ala-sorvari | 2023-11-15 | 2,700EUR |
Olavi Köngäs | 2023-11-09 | 5,229EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 17.5 | 22.4 | 29.1 | 37.1 | 46.1 | 47.4 | 49.3 | 51.8 |
growth-% | 31.1 % | 27.7 % | 30.2 % | 27.2 % | 24.3 % | 2.9 % | 3.9 % | 5.0 % |
EBITDA | 3.3 | 3.4 | 2.8 | 2.6 | 4.5 | 4.7 | 4.9 | 5.2 |
EBIT (adj.) | 3.1 | 3.1 | 2.5 | 2.8 | 4.3 | 4.5 | 4.7 | 5.0 |
EBIT | 2.0 | 1.9 | 0.8 | -0.2 | 1.0 | 1.2 | 1.4 | 1.7 |
Profit before taxes | 1.8 | 0.9 | 0.6 | -0.7 | 0.2 | 1.0 | 1.2 | 1.6 |
Net income | 1.3 | 0.5 | 0.2 | -1.1 | -0.5 | 0.1 | 0.3 | 1.2 |
EPS (adj.) | 0.24 | 0.23 | 0.17 | 0.16 | 0.22 | 0.27 | 0.28 | 0.36 |
growth-% | 162.8 % | -4.5 % | -26.8 % | -6.0 % | 42.8 % | 19.5 % | 5.5 % | 26.6 % |
Dividend | 0.05 | 0.11 | 0.11 | 0.00 | 0.14 | 0.16 | 0.18 | 0.20 |
Dividend ratio | 32.8 % | 239.9 % | 700.7 % | -373.6 % | 2,573.7 % | 856.8 % | 208.1 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 18.6 % | 15.2 % | 9.7 % | 7.1 % | 9.8 % | 9.9 % | 10.0 % | 10.1 % |
EBIT-% (adj.) | 17.6 % | 13.9 % | 8.7 % | 7.4 % | 9.4 % | 9.5 % | 9.6 % | 9.7 % |
EBIT-% | 11.5 % | 8.5 % | 2.6 % | -0.6 % | 2.2 % | 2.6 % | 2.9 % | 3.3 % |
ROE | 30.8 % | 6.1 % | 1.5 % | -8.7 % | -3.8 % | 0.7 % | 2.7 % | 14.5 % |
ROI | 22.5 % | 15.5 % | 5.1 % | -1.3 % | 4.9 % | 6.8 % | 8.9 % | 12.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.46 | 3.75 | 2.62 | 2.66 | 2.66 | 2.66 | 2.66 | |
Shares | 9.0 | 11.5 | 11.7 | 12.6 | 12.6 | 12.6 | 12.6 | 12.6 |
Market cap | 51.4 | 44.0 | 33.1 | 33.6 | 33.6 | 33.6 | 33.6 | |
Enterprise value | 52.4 | 42.9 | 42.0 | 38.6 | 37.2 | 35.9 | 33.7 | |
EV/S | - | 2.3 | 1.5 | 1.1 | 0.8 | 0.8 | 0.7 | 0.7 |
EV/EBITDA | - | 15.4 | 15.2 | 16.1 | 8.5 | 7.9 | 7.3 | 6.4 |
EV/EBIT (adj.) | - | 16.8 | 16.9 | 15.3 | 8.9 | 8.3 | 7.6 | 6.7 |
EV/EBIT | - | 27.4 | 56.3 | - | 37.4 | 30.7 | 25.4 | 19.5 |
P/E (adj.) | - | 19.6 | 22.5 | 16.7 | 11.9 | 9.9 | 9.4 | 7.4 |
P/E | - | 97.3 | 238.9 | - | - | 427.9 | 126.6 | 27.7 |
P/B | - | 4.2 | 3.7 | 2.6 | 2.7 | 3.2 | 3.8 | 4.3 |
P/S | - | 2.3 | 1.5 | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 |
Dividend yield | 2.5 % | 2.9 % | 5.3 % | 6.0 % | 6.8 % | 7.5 % | ||
Equity ratio | 42.1 % | 60.6 % | 59.6 % | 38.9 % | 39.3 % | 36.5 % | 31.9 % | 29.7 % |
Gearing ratio | 53.9 % | 7.4 % | -9.2 % | 69.8 % | 40.8 % | 34.2 % | 25.9 % | 1.0 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 17.1 | 20.0 | 37.1 | 23.3 | 22.8 | ||||
EBITDA | 1.2 | 1.4 | 2.6 | 2.4 | 2.2 | ||||
EBIT | -0.1 | -0.1 | -0.2 | 0.6 | 0.4 | ||||
Profit before taxes | -0.1 | -0.6 | -0.7 | 0.2 | 0.0 | ||||
Net income | -0.3 | -0.8 | -1.1 | -0.2 | -0.3 |
ShowingAll content types
Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win
Netum Group Plc: Notice to Netum Group Plc's Annual General Meeting
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