Talenom: International recipe tested in the next few years
Talenom’s earnings growth story will get back on track in the next few years as the company moves from aggressive growth to reviving profitability. The company is facing critical years for internationalization, as Sweden seeks efficiency from its own accounting system and Spain is being ramped up. After a strong price rise, the stock is no longer in the bargain bin, but if Finland’s success story can be transferred abroad, the stock is still cheap. The track record is still weak outside Finland, but the ingredients for a recipe for success are present.
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.
Read more on company pageKey Estimate Figures2023-12-27
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 102.1 | 121.4 | 136.8 |
| growth-% | 23.3 % | 18.9 % | 12.6 % |
| EBIT (adj.) | 15.3 | 11.4 | 15.8 |
| EBIT-% (adj.) | 15.0 % | 9.4 % | 11.6 % |
| EPS (adj.) | 0.27 | 0.14 | 0.20 |
| Dividend | 0.18 | 0.18 | 0.19 |
| Dividend % | 2.0 % | 15.7 % | 16.5 % |
| P/E (adj.) | 34.3 | 8.2 | 5.8 |
| EV/EBITDA | 14.2 | 3.8 | 3.4 |
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