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Talenom

2.26 EUR

+0.22 %

9,970 following
Corporate customer

TNOM

NASDAQ Helsinki

IT Services

Technology

+0.22 %
-21.15 %
-25.45 %
-23.82 %
-34.06 %
-31.77 %
-72.16 %
-80.81 %
+99.56 %

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.

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Market cap
103.28M EUR
Turnover
122.82K EUR
P/E (adj.) (25e)
19.4
EV/EBIT (adj.) (25e)
19
P/B (25e)
2.11
EV/S (25e)
1.52
Dividend yield-% (25e)
8.87 %
Coverage
Recommendation
Accumulate
Target price
3.40 EUR
Updated
2025-12-19
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2025-12-19

Latest extensive report

Released: 2023-12-29

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
11/3
2026

Annual report '25

23/4
2026

General meeting '26

6/5
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
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Talenom: Eventful week
Research by
Juha Kinnunen

Talenom: Eventful week

Talenom issued a profit warning, published Easor's listing prospectus, acquired three small accounting firms in Spain, provided guidance for both businesses for next year, and organized an investor webcast.

Talenom
Forum discussions
I’m not quite sure what you’re talking about, but I remember at least correcting some strange claims regarding (management) option programs. I do always strive to defend the facts. After all, the company’s board decided to terminate those and decided “not to pay compensation to the...
2/9/2026, 2:46 PM
by Juha Kinnunen
54
Talenom’s share price has indeed slumped deep now, well below, for example, Inderes’ SOTP price. Part of the explanation is certainly the valuation that went too high back in the day and the resulting long “hangover” leading to a large number of disappointed shareholders. Back then...
2/11/2026, 5:42 PM
by Makex
34
Did the share issue below make any sense? In my opinion, shares should not have been issued for free; instead, they should have been tied to future performance and granted only if things went well. Things have gone poorly enough that there was absolutely no reason to grant rewards...
2/7/2026, 11:42 AM
by Winstön
23
Yeah, you really have to wonder what’s going on. The forum sentiment is very negative regarding this as well. Well, you can’t blame anyone, as this is one of the worst “cod traps” (major loss-makers) on the Helsinki exchange in years. One reason is, of course, that the price peak...
2/11/2026, 12:10 PM
by Von Wangell
20
It could go steadily towards zero without ever actually reaching it? This is quite a special case in Talenom’s story, as the software business will soon be spun off. There is selling pressure coming from almost every direction. Many are likely completely fed up with the stock, as...
2/4/2026, 2:13 PM
by Gwertheney
19
Fortunately, I’m no longer an owner in this shop. My blood pressure would probably have risen to critical levels reading that. In practice, they are being rewarded for not managing to drive the firm into bankruptcy. There is hardly any other success worth rewarding when it comes ...
2/7/2026, 6:46 PM
by Soppakattila86
14
I’m thinking quite a lot about Talenom’s situation. The service business is on a stable and profitable foundation in Finland, it’s growing in Spain—and apparently profitably as well—while the situation in Sweden is then really weak. I’ve also been wondering if the stock might be ...
2/9/2026, 5:42 PM
by MTES
13
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