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Talenom

1.29 EUR-1.23 %21/8 15:36
10,001 following

TNOM

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
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-1.23 %
+9.51 %
+3.04 %
-15.47 %
-36.29 %
-43.40 %
-69.26 %
-87.40 %
+70.56 %

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
59.08M EUR
Turnover
36.13K EUR
P/E (adj.) (26e)
26.51
EV/EBIT (adj.) (26e)
22.37
P/B (26e)
1.48
EV/S (26e)
1.18
Dividend yield-% (26e)
3.88 %
Coverage
Recommendation
Buy
Target price
1.70 EUR
Updated
2026-08-14
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-08-14

Latest extensive report

Released: 2026-06-18

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
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Forum discussions
There have been so many strange comments lately that I feel compelled to share my own perspective. First off, let’s look at the big picture: Talenom has never had a loss-making year, and as far as I understand, its revenue has grown every single year. The company is in an entirely...
8/14/2026, 8:28 AM
by Gold
19
Thanks @Juha_Kinnunen for the CEO interview. I think you challenged the Spain write-down well, but I was left wanting a question about how this came as a surprise. I’m not worried if Tokmanni’s inventory is written down by millions—valuations can go either way, nothing is added or...
8/15/2026, 7:34 AM
by Moogle
16
The €1.2 million impairment of trade receivables in Spain was asked about in the video interview, but the answer could have been even clearer. Was this caused by one specific acquired accounting firm, or were unpaid invoices from all the accounting firms bundled together to reach...
8/13/2026, 9:13 PM
by Nordman09
12
I am writing down some of my own thoughts regarding the company and the results. Finland: Good work, profitability is high and revenue continues to grow. In the same breath, I’ll say that it is always easier to come down from the peak (profitability), and I wouldn’t be surprised ...
8/14/2026, 6:41 AM
by Jussi
11
Talenom is starting to reach Tecnotree levels with these international operations. €1.2 million is a shockingly large write-down of accounts receivable, considering the annual revenue is under €10 million. That means work was done—let’s say by 14 accountants for the entire year—and...
8/14/2026, 6:01 AM
by TTTT
11
Talenom’s growth strategy is based on acquisitions, which is the rockiest path to growth, especially abroad. Problems usually emerge during the integration phase, as is the case here. In my experience, there can be many reasons for this, but one common one is that the operations ...
8/16/2026, 1:02 PM
by Tikkaa heittävä Apina
9
Here is the report and Juha’s insight: Inderes Talenom Q2'26: Ikävä yllätys Espanjasta peitti alleen paljon hyvää - Inderes Talenomin Q2-tulos olisi ylittänyt odotuksemme selvästi ilman Espanjan myyntisaamisten 1,2 MEUR:n alaskirjausta. Suomen kannattavuus ylitti ennusteemme selv...
8/14/2026, 6:41 AM
by Gwertheney
7
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22/10
2026

Business review Q3'26

Talenom Q2'26: Unpleasant surprise in Spain clouded many positives
Research2026-08-14 17:37 by
Juha Kinnunen

Talenom Q2'26: Unpleasant surprise in Spain clouded many positives

Talenom's Q2 earnings would have significantly exceeded our expectations had it not been for the 1.2 MEUR write-down of Spanish trade receivables. Finnish profitability clearly exceeded our estimates, and Sweden indicated an impending earnings turnaround, which is important for the company's risk profile.

Talenom
Talenom, Webcast, Q2'26
Webcast2026-08-13 09:00

Talenom, Webcast, Q2'26

Talenom
Regulatory press release2026-08-13 08:00

Talenom Plc Half-year Financial Report 2026: First full quarter following the demerger – operational business progressed as planned, profitability burdened by non-recurring impairment

Talenom

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Talenom Q2'26 preview: Spain boosts growth as new costs weigh on earnings
Analyst Comment2026-08-10 08:50 by
Juha Kinnunen

Talenom Q2'26 preview: Spain boosts growth as new costs weigh on earnings

According to our forecasts, Spain's revenue will surpass Sweden's for the first time in Q2.

Talenom
Press release2026-08-03 09:30

Talenom Plc will publish its Half-year Financial Report 2026 on Thursday 13 August 2026

Talenom
Talenom extensive report: Finland stands firm, international turnaround is key
Extensive research2026-06-18 16:39 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.

Talenom
Analyst Comment2026-05-28 07:36 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 Comment2026-05-21 07:00 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
Press release2026-05-20 14:45

Talenom acquires a Spanish accounting company Seico Legal

Talenom
Regulatory press release2026-05-13 15:15

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
Research2026-05-07 08:50 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 release2026-05-06 08:00

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 Comment2026-05-04 06:00 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 release2026-04-27 09:00

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

Talenom
Regulatory press release2026-04-23 13:10

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 Comment2026-04-13 06:26 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 release2026-04-10 15:00

Talenom acquires a Spanish accounting company Brunet Aguilar Newco

Talenom
Regulatory press release2026-03-25 07:15

Notice to the Annual General Meeting of Talenom Plc

Talenom
Regulatory press release2026-03-25 07:00

Talenom’s Annual Review 2025 has been published

Talenom
Regulatory press release2026-03-20 07:00

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

Talenom