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Research

Taking a breather from forward-leaning valuation

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health
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Nightingale has continued to lay the groundwork for future growth by announcing new research customers where we see the potential for greater commercial opportunities in the future. The news adds some visibility to our top-line growth projections and provides a rationale for a positive share price development. The main risk to growth remains the success in scaling up the won clinical accounts. Against this backdrop, we think the share valuation has become too forward-oriented (+76% since our March 8 report). We believe the risk/reward is unsatisfactory based on the current data and await further news from the company's customer base or a moderation in the valuation.

Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures2024-05-10

202324e25e
Revenue4.24.78.7
growth-%80.8 %12.8 %85.0 %
EBIT (adj.)-18.5-17.8-17.6
EBIT-% (adj.)-442.9 %-377.5 %-201.9 %
EPS (adj.)-0.30-0.27-0.27
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA0.8neg.neg.

Forum discussions

Panel Discussion on Health Design 2025 Published, Featuring Teemu Suna.
12/4/2025, 3:09 PM
by Monsieur
5
Here are Luiron’s comments regarding today’s announcement. Nightingale Health and Terveystalo announced on Tuesday a new strategic agreement...
11/26/2025, 6:02 PM
by Sijoittaja-alokas
2
And the price was only 199 €!
11/26/2025, 10:03 AM
by Mikko67
3
According to the date on Terveystalo’s website, the test would have been available to other consumers, not just occupational health clients,...
11/26/2025, 10:02 AM
by Mikko67
4
nightingalehealth.com Terveystalo ja Nightingale Health syventävät strategista kumppanuuttaan –...
11/26/2025, 9:02 AM
by Pertti
10
The Independent – 20 Nov 25 Scientists inch closer to pinprick test to detect diseases decade before... Findings could help develop early treatment...
11/21/2025, 12:32 AM
by Pertti
10
News and additionally, UK Biobank+Nightingale featured in The Guardian today the Guardian – 20 Nov 25 Pinprick blood test could detect disease...
11/20/2025, 8:04 AM
by Monsieur
21
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