contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
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            ebitReported
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            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tamtron-group-plc-share-repurchase-27122024

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Tamtron operates in the industrial sector. The company specializes in manufacturing industrial tools. The product range is broad and mainly includes digital weighing equipment, such as crane scales, pallet truck scales, log crane scales, dumper scales, railway scales, and data acquisition systems. The customers can be found in various sectors, with the greatest concentration in the industrial and logistics sector. The business is run globally with the largest presence in Europe.

I ended up selling the Tamtron shares in my portfolio. I first bought the stock after the IPO, around the time of the Lahti Precision acquisition. Back then, I thought this was an interesting B2B product company in a niche market with a steady service business. The management is also well-incentivized through share ownership. Despite that, the company hasn’t really gone anywhere, at least in terms of earnings, and that is reflected in the share price.  I understand, of course, that small caps have had a tough time over the past few years. Still, my expectations for the company’s performance were higher. My doubts rose from the guidance misses. Even though they were small misses, they still don’t strengthen confidence in the company. The first dividend in the company’s listed history this spring was the final straw for me. Somehow, it signaled a change in the investment story. I would have preferred to use the money for inorganic growth in a fragmented industry. I’ll continue to follow Tamtron’s story from the sidelines. Perhaps I’ll return as an owner in the future if the performance looks more convincing.

Here are Pauli’s comments regarding Tamtron’s small acquisition   Tamtron announced on Monday that it has acquired the entire share capital of the Finnish company Teknoscale Oy. We view the acquisition as a step in line with the company’s strategy that complements its product portfolio. Tamtron is financing part of the purchase price through a directed share issue, but the company did not disclose the full purchase price of the acquisition. Our initial stance on this small acquisition is neutral, and we will incorporate it into our forecasts in our next company report.                    Inderes – 2 Jun 26              Tamtron kertoi pienestä täydentävästä yritysostosta - Inderes    Pidämme yrityskauppaa yhtiön strategian mukaisena askeleena, joka täydentää sen tuoteportfoliota.

Miksu and Pauli discussed Tamtron based on an extensive report                    Inderes              Tamtron: Tuloskasvussa potentiaalia, kun markkina piristyy - Inderes    Aika: 31.03.2026 klo 16.20 Teollisuuden heikohko suhdanne on jarruttanut Tamtronin orgaanista kehitystä ja liikevaihdon kasvu on ollut pääosin yritysostojen varassa.                             Topics: 00:00 Introduction  00:15 What problem does Tamtron solve?  02:13 Cloud-based data solutions  03:01 Development of the weighing equipment market  04:19 Forecasts for the coming years  05:19 Financial targets and acquisitions  06:58 Fragmented competitive landscape  10:04 Add recommendation

Pauli has written an excellent comprehensive report on Tamtron  Tamtron, a company producing industrial weighing solutions, is a relatively stable and profitable company, as its solutions are critical for the smooth continuation of customer processes, and services account for over a third of the company’s revenue. In recent years, the company has significantly invested in growth in SaaS solutions and in expanding the sales of industrial dosing systems outside of Finland, which should support earnings growth in the medium term. The weak economic cycle in the industrial sector has hindered organic development in recent years, and revenue growth has primarily relied on acquisitions. We slightly cut our current year forecasts as the Iran war causes downward pressure on economic growth expectations, and we lower our target price to 6.0 euros (previously 6.2 €). We still consider the valuation to be favorable in the big picture, so we reiterate our Add recommendation.                   Inderes              Tamtron laaja raportti: Pitkäjänteinen työ jatkuu epävarmassa markkinassa -...    Liiketoimintamalli on houkutteleva, mutta orgaanisen kasvun piristyminen voi venyä ensi vuoteen.                              Capex investment needs are moderate We forecast organic investments to be 1.9-2.2 MEUR/year for 2026-30, which is in line with our forecasted normal depreciation level. In our view, the company currently has no need to increase capex investments, so the forecasted earnings growth will be reflected as clear free cash flow growth. Investments may even decrease in the short term after the completion of the ERP project and as mScales development work potentially becomes more efficient with AI. Intangible amortizations related to acquisitions are 2.3 MEUR in our forecasts for 2026e but decrease to 1.5 MEUR by 2030e, assuming the company does not execute new acquisitions.  Quoted from the report:

Thank you for the response! I wasn’t surprised myself that dividend payments were initiated, but I would have expected a more moderate level to start with. For now, I have to believe and trust that the company makes all the necessary investments and investments with a good return on capital before the distribution decision, so that the tail doesn’t start wagging the dog. As a shareholder, I will follow with interest how the company develops. In the case of this company in particular, I prefer per-share figures because the company actively uses its own shares for growth.

Good question, and now is a fitting moment to look at this topic as the company, through its dividend payment, is shifting its capital allocation compared to the line we have seen in recent years. I wouldn’t draw conclusions purely based on the average cash flows of previous years because, for instance, in 2023, the amount of net working capital on the balance sheet increased significantly (presumably following the Lahti Precision acquisition), which weighed on the cash flow. However, a similar increase in net working capital is not expected in the future. I did my own calculation of the company’s cash flow profile based on 2026 forecasts. According to the forecast, dividends would account for about half of the free cash flow (FCF: 2.4 MEUR or €0.31/share), leaving approximately 1.2 MEUR (€0.16/share) for debt repayments or acquisitions. Regarding working capital, the forecast assumes that the net working capital-to-revenue ratio will grow to 15.1% (2025: 14.9%), so in that sense, the forecast is relatively moderate regarding cash flow. In addition to cash flow, the current leverage on the balance sheet is moderate (2025 net debt/EBITDA: 1.3x), so acquisitions can be partially debt-financed. The company has also frequently conducted small share issues in connection with acquisitions, directed at least to the seller of the acquired business or potentially also to existing shareholders. Thus, in addition to internal cash flow and debt, share issues are also utilized to fund acquisitions. Tamtron’s cash flows 2026e (upper figure MEUR, lower EUR per share)  OCF: Operating cash flow OCF - Rah.: Operating cash flow after financing costs CAPEX: Organic investments FCF: Free cash flow DIV: Dividend Netto: Net amount remaining for debt repayment or acquisitions

Hi @Pauli_Lohi and have a nice weekend. I have been a Tamtron shareholder since the IPO and I’m fairly satisfied with the performance. I consider the dividend now announced to be high in relation to the company’s growth targets and cash flow. What do you think yourself, and am I on the right track with the approach below? According to my calculations, the 2022–2025 free cash flow (adjusted for acquisitions from investments) has been about half of Inderes’ adjusted EPS. In the table below, 2022–2025 FCF is 0.69 / EPS (adj.) is 1.35. If Tamtron’s annual EPS capability is now around €0.4 and half of that, i.e., €0.2, remains as free cash flow, then after a €0.15 dividend, only 1/4 of the free cash flow (€0.05/share) is left to be used for growth? So, is the company’s growth intended to be funded mainly through debt and its own shares? On the other hand, could the free cash flow be higher relative to the result? Or is my thinking flawed in that the cash flow from investments also includes growth investments? Do you have a breakdown of the ratio of maintenance investments and growth investments within the total? 2022	2023	2024	2025 Cumulative EPS (adj.) 0.29	0.62	0.99	1.35 Cumulative OCF/Share 0.14	0.32	1.14	1.63 Cumulative FCF/Share −0.10	−0.09	0.47	0.69

Tamtron

Tamtron Group Plc | Company Release | December 27, 2024 at 18:30:00 EETTrade date27.12.2024Bourse tradeBuyShareTAMTRONAmount560 sharesAverage price/ share5.6000 EURTotal cost3 136.00 EURNASDAQ...

<div class="mfn-header mfn-header-finland"><p>Tamtron Group Plc | Company Release | December 27, 2024 at 18:30:00 EET</p></div><div class="mfn-body"><table><tbody><tr><td rowspan="1" colspan="1">Trade date</td><td rowspan="1" colspan="1">27.12.2024</td></tr><tr><td rowspan="1" colspan="1">Bourse trade</td><td rowspan="1" colspan="1">Buy</td></tr><tr><td rowspan="1" colspan="1">Share</td><td rowspan="1" colspan="1">TAMTRON</td></tr><tr><td rowspan="1" colspan="1">Amount</td><td rowspan="1" colspan="1">560 shares</td></tr><tr><td rowspan="1" colspan="1">Average price/ share</td><td rowspan="1" colspan="1">5.6000 EUR</td></tr><tr><td rowspan="1" colspan="1">Total cost</td><td rowspan="1" colspan="1">3&nbsp;136.00 EUR</td></tr></tbody></table><p>NASDAQ OMX Helsinki</p><p>Tamtron Group Plc now holds a total of 24 495 shares including the shares repurchased on 27.12.2024</p><p>On behalf of Tamtron Group Plc<br>Nordea Pankki Suomi Oyj</p><p>Janne Sarvikivi<br>Sami Huttunen</p></div><div class="mfn-footer mfn-208861414744"><p><strong class="mfn-heading-1">For further information</strong><br>Miika Tuominen, CFO<br>Direct: +358 40&nbsp;522 2210<br>Email: <a rel="noopener" href="mailto:miika.tuominen@tamtron.fi">miika.tuominen@tamtron.</a>com</p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Attachments</strong><br><a rel="noopener" href="https://storage.mfn.se/d151da67-dab2-45a8-ad30-8aae7ec05684/tamtron-27-12-trades.xlsx">Tamtron 27 12 Trades</a></p></div>

Tamtron Group Plc: Share repurchase 27.12.2024

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Försiktig optimism trots ett tufft första kvartal för detaljhandeln

Financial Key Ratios: EV/EBIT, EV/EBITA, EV/EBITDA, and EV/Sales

Return on capital (ROE, ROI, ROIC, RONIC)

AI investments still clearly exceed anticipated productivity benefits

Finanslingo enkelt förklarat: EBIT, EBITA och EBITDA 

Trade date	27.12.2024
Bourse trade	Buy
Share	TAMTRON
Amount	560 shares
Average price/ share	5.6000 EUR
Total cost	3 136.00 EUR