Vincit

0.99 EUR

0.00 %

8,023 following
Corporate customer

VINCIT

First North Finland

Software

Technology

0.00 %
-16.10 %
-20.80 %
-22.66 %
-25.56 %
-42.11 %
-79.50 %
-89.71 %
-83.77 %

Vincit provides design and software development services. The services include e-commerce and web application software, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized business customers. The largest operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.

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Market cap
16.82M EUR
Turnover
3.91K EUR
P/E (adj.) (26e)
15.97
EV/EBIT (adj.) (26e)
10.13
EV/S (26e)
0.25
Dividend yield-% (26e)
7.07 %
Coverage
Recommendation
Reduce
Target price
1.25 EUR
Updated
2026-04-22
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 2026-04-23

Latest extensive report

Released: 2025-07-29

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
14/7
2026

Interim report Q2'26

21/10
2026

Business review Q3'26

22/10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Nordic IT sector: Getting better, but not quite at 20 yet
Analyst Comment by
Joni Grönqvist

Nordic IT sector: Getting better, but not quite at 20 yet

In Finland, revenue growth picked up towards the end of the year, surpassing that of the other Nordic countries for the first time in a long while.

DigiaDigital WorkforceGoforeNetum GroupSiili SolutionsSolteqVincitWitted MegacorpColumbusTrifork GroupAvensiaAddnode GroupBouvetB3 Consulting GroupCAG GroupCombinedXExsitec HoldingKnowitNetcompany GroupNNITProact IT GroupWebstep
Forum discussions
Vincit still has a relatively good financial situation in terms of its balance sheet compared to its competitors, even though, like other small IT firms, the last few years have hit the company hard and the decline in revenue should, of course, be stopped. This is mainly a bet on...
4/27/2026, 4:36 PM
by Farseer
23
You are a more experienced investor than I am, so it would be interesting to hear where your conviction regarding Vincint’s turnaround comes from? (Of course, you have no obligation to explain your picks any further.) In terms of valuation multiples (2026 estimates), Vincint seems...
4/27/2026, 2:34 PM
by Ruoto
20
Almost two years since the attached comment and it feels as if time has stood still.
4/28/2026, 11:29 AM
by Tuomo Tilman
10
Vincit seems to have lost even the last shreds of interest. Today’s Q1 results show that revenue has decreased by 15%, and the headcount has shrunk by nearly 20%. This development can already be called a tailspin. My own buy level has dropped below one euro.
4/22/2026, 11:25 AM
9
Vincit Tiedotteet Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and tailored solutions. Vincit first in Finland to receive accredited ISO/IEC 42001 Artificial Intelligence Management System certification Published...
4/21/2026, 10:52 AM
by Cadel
7
I completely agree with this. It’s incredible that even the board hasn’t managed to intervene in this destruction of shareholder value over these past five years. It has become exceptionally clear that CEO Julius Manni lacks the capability/expertise for it. I’ve considered Vincit...
4/28/2026, 1:28 PM
by P. Köyrijä
6
Joni has diligently put together a new company report on Vincit now that the Q1 results have been released. We reiterate our reduce recommendation for the stock and lower our target price to EUR 1.25 (prev. EUR 1.35), reflecting changes in our forecasts. Vincit’s revenue fell more...
4/23/2026, 5:02 AM
by Sijoittaja-alokas
4
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