• 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
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.

Talenom

1.20 EUR

+3.10 %

9,996 following

TNOM

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+3.10 %
-3.23 %
-10.26 %
-40.83 %
-41.89 %
-52.33 %
-76.45 %
-87.66 %
+58.40 %

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

Read more
Market cap
54.87M EUR
Turnover
97.13K EUR
P/E (adj.) (26e)
26.43
EV/EBIT (adj.) (26e)
20.83
P/B (26e)
1.46
EV/S (26e)
1.14
Dividend yield-% (26e)
4.17 %
Coverage
Recommendation
Buy
Target price
1.70 EUR
Updated
2026-06-18
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-06-18

Latest extensive report

Released: 2026-06-18

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types

Forum discussions
Hardly anyone seems interested, but Talenom is in a very interesting situation. As I’ve pondered here before and as Juha points out again in the report, Talenom is now at attractive prices on a cash flow basis. Already this year, free cash flow before acquisitions is expected to ...
6/18/2026, 6:55 AM
by Karhu Hylje
21
In my opinion, these valuation multiples do not give the best picture of Talenom’s valuation at the moment due to the high amount of depreciation and amortization. The cash flow yield (perhaps over 10%) is very attractive based on Juha’s forecasts and the current market capitalization...
6/11/2026, 7:18 AM
by Karhu Hylje
17
Selling pressure just continues. Is this expensive now? The market cap dipped below 50 million. There seems to be a lot of “faith, hope, and love” involved in this case right now. Kinnunen believes in strong earnings growth, but will it materialize? Does the earnings performance ...
6/11/2026, 7:13 AM
by Gwertheney
13
The stock market always exaggerates movements. Talenom rose to bubble valuations in the end mainly just because it had been rising for years. Now we see the same phenomenon in the opposite direction. An indisputable metric, the price-to-sales (P/S) ratio, indicates that the share...
6/12/2026, 7:09 PM
by Gold
11
Here are the comments from the man from Sotkamo regarding Talenom’s small acquisition in Spain. Inderes – 21 May 26 Talenom vahvistaa asemiaan Espanjassa pienellä yritysostolla - Inderes Uusi pieni yritysosto Zaragozassa tukee Talenomin kasvua Espanjassa.
5/21/2026, 5:03 AM
by Sijoittaja-alokas
11
In May, the selling pressure on Talenom was mainly driven by funds from Säästöpankki, Danske, and Fondita. Conversely, shares have flowed into SEB’s and Citibank’s nominee-registered (hallintarekisteri) accounts. I did not observe any other significant changes.
6/1/2026, 6:08 AM
by Karhu Hylje
10
Exactly this; many owners have thrown in the towel, and on the other hand, even this €0.03+€0.02 dividend isn’t causing shouts of joy when there’s so much damn debt. By cutting the dividend to zero for, say, 2026 and 2027, they could have shaken even more paper hands out of the ride...
6/18/2026, 7:19 AM
by Gwertheney
9
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13/8
2026

Interim report Q2'26

22/10
2026

Business review Q3'26

Talenom extensive report: Finland stands firm, international turnaround is key
Extensive research6/18/2026, 2:39 PM by
Juha Kinnunen

Talenom extensive report: Finland stands firm, international turnaround is key

Talenom's Finnish core business continues to reliably generate strong cash flow, but investors doubt the sensibility of international growth. Profitability turnarounds in Spain and Sweden could also reverse the share price development.

Talenom
Analyst Comment5/28/2026, 5:36 AM by
Roni Peuranheimo, Frans-Mikael Rostedt

Case: Personalmarginalerna för konsultföretag har fortsatt att försvagas

Marginalen för personalkostnader hos konsultföretag har sjunkit stadigt under de senaste fem åren.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
Talenom stärker sin position i Spanien med ett litet förvärv
Analyst Comment5/21/2026, 5:00 AM by
Juha Kinnunen

Talenom stärker sin position i Spanien med ett litet förvärv

Ett nytt litet förvärv i Zaragoza stöder Talenoms tillväxt i Spanien.

Talenom

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
Press release5/20/2026, 12:45 PM

Talenom acquires a Spanish accounting company Seico Legal

Talenom
Regulatory press release5/13/2026, 1:15 PM

The Board of Directors of Talenom Plc resolved on a new performance share plan 2026–2029

Talenom
Talenom Q1'26: Good start from new Talenom
Research5/7/2026, 6:50 AM by
Juha Kinnunen

Talenom Q1'26: Good start from new Talenom

Talenom's Q1 result exceeded our expectations, particularly due to stronger-than-anticipated growth in Finland, but there is still much to do in international operations.

Talenom
Regulatory press release5/6/2026, 6:00 AM

Talenom Plc’s Business Review January-March 2026: A strategically significant quarter; partial demerger completed and a good start to new Talenom

Talenom
Talenom Q1'26 förhandskommentar: Spanien driver på och Sverige söker en vändning
Analyst Comment5/4/2026, 4:00 AM by
Juha Kinnunen

Talenom Q1'26 förhandskommentar: Spanien driver på och Sverige söker en vändning

Vi estimerar att tillväxten på 27 procent i Spanien kommer att kompensera för den svaga utvecklingen i Finland, men Sverige förblir fortfarande i förlust.

Talenom
Press release4/27/2026, 7:00 AM

Talenom Plc will publish its January–March Business review 2026 on Wednesday 6 May 2026

Talenom
Regulatory press release4/23/2026, 11:10 AM

Resolutions of Talenom Plc’s Annual General Meeting 2026 and organisational meeting of the Board of Directors

Talenom
Talenom fortsätter sin tillväxt i Spanien med ett förvärv på 1,0 MEUR på Mallorca
Analyst Comment4/13/2026, 4:26 AM by
Juha Kinnunen

Talenom fortsätter sin tillväxt i Spanien med ett förvärv på 1,0 MEUR på Mallorca

Företagsförvärvet på Mallorca för 1 MEUR stöder vår förväntan om en tillväxt på 27 procent i Spanien under 2026.

Talenom
Press release4/10/2026, 1:00 PM

Talenom acquires a Spanish accounting company Brunet Aguilar Newco

Talenom
Regulatory press release3/25/2026, 6:15 AM

Notice to the Annual General Meeting of Talenom Plc

Talenom
Regulatory press release3/25/2026, 6:00 AM

Talenom’s Annual Review 2025 has been published

Talenom
Regulatory press release3/20/2026, 6:00 AM

Talenom Plc: Disclosure under chapter 9, section 10 of the securities market act (Sp-Rahastoyhtiö Oy)

Talenom
Talenom, Webcast, Strategy Review 2026
Webcast3/19/2026, 8:00 AM

Talenom, Webcast, Strategy Review 2026

Talenom
Regulatory press release3/18/2026, 12:00 PM

Talenom Oyj: Managers' Transactions – Henriikka Pakarinen

Talenom
Regulatory press release3/18/2026, 12:00 PM

Talenom Plc: Managers' Transactions – Erik Tahkola

Talenom
Talenom Q4'25: Return to roots clarifies buy spot
Research3/12/2026, 7:15 AM by
Juha Kinnunen

Talenom Q4'25: Return to roots clarifies buy spot

A new era is beginning at Talenom as the company returns to its roots.

Talenom
Press release3/11/2026, 11:00 AM

Invitation to Talenom’s strategy review on 19 March 2026

Talenom