Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Panostaja

0.28 EUR+0.35 %8/9 17:20
4,223 following

PNA1V

NASDAQ Helsinki

Investment

Financials

Overview
Financials & Estimates
Dividend
Investor views
Compare
+0.35 %
-2.08 %
-7.21 %
-17.97 %
-17.49 %
-25.13 %
-49.64 %
-61.76 %
+476.91 %

Panostaja is an investment company. The company acquires and develops small and medium-sized companies with long-term development potential. In addition to growth potential, the companies focus on actively owning and driving strategic changes. The investment portfolio is focused on several industries with the greatest concentration on healthcare and industry across the European market. The company's headquarters are located in Tampere.

Read more
Market cap
15.09M EUR
Turnover
459.56 EUR
P/E (adj.) (26e)
-4.76
EV/EBIT (adj.) (26e)
-70.12
P/B (26e)
0.66
EV/S (26e)
0.48
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.28 EUR
Updated
2026-08-27
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 2026-08-27

Latest extensive report

Released: 2025-09-09

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Press releases
ShowingAll content types

Forum discussions
In my opinion, the current order of priority for Grano is: Cash flow Net debt reduction EBITDA EBIT and not the other way around. EBIT is important for pricing a future exit, but at the moment, I believe Grano’s value creation is more clearly reflected in debt reduction than in the...
8/27/2026, 7:43 AM
by Tunturisusi
3
The value creation of the current portfolio relies on successful exits rather than current cash flows. What these successful exits require is scaling up the businesses, accelerating ARR growth, and favorable (or above-average) valuation multiples at the time of sale. Regarding CoreHW...
8/27/2026, 7:07 AM
by Arttu Heikura
3
Thanks​ I challenge because there is a lot of potential in the portfolio companies. Hopefully they’ll get successful investment exits and through that, the existence of Panostaja’s administrative bureaucracy would feel justified​
8/27/2026, 8:39 AM
by NOKNOK
2
Yes. That is surely next up as operations are streamlined and trimmed. Let’s hope that the tweaking fully translates to the bottom line this time too
8/27/2026, 8:23 AM
by Tunturisusi
2
First of all, thank you for the good challenges; this makes me, as a new analyst at Panostaja, think about things from new perspectives as well. In a more mature phase, yes, but if Lenio is aiming for internationalization and CoreHW is investing in growing its product business, I...
8/27/2026, 8:20 AM
by Arttu Heikura
2
Kiitos kattavasta vastauksesta! Varovaisesti haastaisin tuota kassavirtojen merkitsemättömyyttä. Mielestäni kassavirtoja ei voi sivuuttaa, koska sillä varmaan arvotettaisiin yhtiöt, jos ne olisivat irtonaisia. Mikäli Panostajan osien arvotus nojautuu pelkästään exit caseihin, miten...
8/27/2026, 7:38 AM
by NOKNOK
1
These didn’t make it into the interview. I’ll put them on the list for the next interview!
8/27/2026, 7:08 AM
by Arttu Heikura
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19/11
2026

Business review Q3'26

Panostaja Q2'26: Blandad utveckling
Research2026-08-27 07:48 by
Arttu Heikura

Panostaja Q2'26: Blandad utveckling

CoreHW:s tillväxtutsikter för produktverksamheten verkar senareläggas, vilket enligt vår ståndpunkt tynger aktiens avkastningsförväntning.

Panostaja
Regulatory press release2026-08-26 09:30

Panostaja Oyj’s Half Year Financial Report January 1, 2026-June 30, 2026

Panostaja
Panostaja Q2'26 förhandskommentar: Kassan i arbete
Research2026-08-20 06:10 by
Arttu Heikura

Panostaja Q2'26 förhandskommentar: Kassan i arbete

Vårt huvudfokus ligger på marknadsutvecklingen, dessutom på CoreHW:s produktverksamhet och Infomaati-förvärvet.

Panostaja

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Panostaja dubblar insatserna i Lenio
Analyst Comment2026-06-03 07:15 by
Olli Vilppo

Panostaja dubblar insatserna i Lenio

Företagsförvärvet fördubblar Lenios storlek och tar hälften av moderbolagets nettokassa.

Panostaja
Regulatory press release2026-06-02 11:15

Panostaja’s Lenio investment expands through acquisition as Infomaatti joins the group

Panostaja
Panostaja Q1'26: Jämn grå prestation
Research2026-05-22 07:01 by
Olli Vilppo

Panostaja Q1'26: Jämn grå prestation

Panostajas Q1 var sämre än våra förväntningar på bred front och endast Oscar presterade i linje med våra förväntningar.

Panostaja
Regulatory press release2026-05-21 09:00

Panostaja Oyj’s Business Review Q1 January 1, 2026-March 31, 2026

Panostaja
Panostaja Q1'26 förhandskommentar: Värdedrivaren CoreHW:s positionering förväntas bli mer exakt i Japan
Analyst Comment2026-05-19 06:15 by
Olli Vilppo

Panostaja Q1'26 förhandskommentar: Värdedrivaren CoreHW:s positionering förväntas bli mer exakt i Japan

Panostaja publicerar sin Q1-verksamhetsöversikt torsdagen den 21 maj. I rapporten kommer vi särskilt att finna intresse i kommersialiseringen av CoreHW:s produktverksamhet, eftersom japanska kunder vid det här skedet av våren borde ha landat i beslut om möjliga utökningar av pilotprojekten.

Panostaja
Regulatory press release2026-04-27 13:15

Panostaja Oyj´s Share-Based Incentive and Commitment Plan

Panostaja
Regulatory press release2026-04-15 15:00

Panostaja Oyj's Annual General Meeting April 15, 2026

Panostaja
Panostaja: Granos förhandlingar om nedskärningar resulterar i årliga besparingar på 2,5 MEUR
Analyst Comment2026-04-02 07:10 by
Olli Vilppo

Panostaja: Granos förhandlingar om nedskärningar resulterar i årliga besparingar på 2,5 MEUR

Grano har slutfört förhandlingarna om nedskärningar som inleddes i februari, och åtgärderna kommer att leda till permanenta årliga kostnadsbesparingar på cirka 2,5 MEUR. Den realiserade besparingen blev något lägre än den tidigare uppskattade nivån på cirka 3 MEUR, men detta påverkar inte vår ståndpunkt om Panostajas värde.

Panostaja
Regulatory press release2026-04-01 09:30

Panostaja's Portfolio Company Grano has concluded change negotiations

Panostaja
Regulatory press release2026-03-24 13:00

Panostaja Group Annual Report, Remuneration Policy, Remuneration Report and Corporate Governance Statement 2025 published

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Korelin

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Tukiainen

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Tommila

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Skyttä

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Forss

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Pääkkönen

Panostaja
Regulatory press release2026-03-12 15:30

Panostaja Oyj Managers' Transactions, Juusela

Panostaja