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Research

Tecnotree: Value doesn't shake with the price

By Joonas KorkiakoskiAnalyst
Tecnotree
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During last month, Tecnotree has advanced in its new customer acquisition and finally been able to leave behind the restructuring program that partially limited its growth potential. Our view of the real value of the company hasn’t changed, but with the decrease in the market price, we feel that the annual return expectation has improved to an excellent level.

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process services and subscription management for corporate customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence in Asia, Africa and the Middle East.

Read more on company page

Key Estimate Figures2021-10-12

202021e22e
Revenue52.862.671.8
growth-%12.3 %18.6 %14.6 %
EBIT (adj.)19.324.829.8
EBIT-% (adj.)36.6 %39.6 %41.6 %
EPS (adj.)1.031.151.51
Dividend0.000.000.00
Dividend %
P/E (adj.)13.74.23.2
EV/EBITDA9.81.70.8

Forum discussions

Just chiming in, but those Vilienius’s subscriptions remained unpaid. As I understand it, Fitzroy eventually took that subscription allocation...
11/4/2025, 2:37 PM
by Gunman
6
Do you remember how that went with Vilenius, did the money also change hands, i.e., that 2 million, or did it remain unpaid even though he made...
11/4/2025, 1:25 PM
by Osakehuntteri
1
Fitzroy has subscribed to 45 convertible bonds at a price of 116,666 EUR each. It would seem that a contractual penalty is included in that....
11/4/2025, 12:25 PM
by MoneyWalker
18
Well, that’s what it looks like. It seemed that if Fitzroy commits 10 million, then the contractual penalty is significantly smaller.
11/4/2025, 12:01 PM
by Junnu
5
I don’t know for sure, but… Fizroy bought 5 million worth of convertible bonds?
11/4/2025, 11:58 AM
by Jarnis
8
What does this mean now? https://www.inderes.fi/releases/tecnotree-oyj-johdon-liiketoimet-24
11/4/2025, 11:54 AM
by Sulo-eno
10
https://sijoittajat.tecnotree.com/fi/sijoittajat/raportit_ja_esitykset I think it’s worth watching the Q3 webcast. Especially Padman’s part ...
11/3/2025, 1:58 PM
by Junnu
21
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