TIETO Stock Analysis: TietoEVRY | HE
Information Technology Services | HE, Finland | Market Cap: 2.012m EUR | 12M Return: 24.4% | FI0009000277 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.67M
EPS Trend: -87.2%
Qual. Beats: 0
Rev. Trend: -92.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tieto Oyj (formerly TietoEVRY Oyj, renamed in March 2026) is a Finland-based software and digital engineering company headquartered in Espoo, operating primarily in Norway, Sweden, Finland, and internationally. The company is organized into four segments: Tech Consulting (advisory, design, data engineering, and software R&D), Banktech (Banking-as-a-Service platform and software for payments, cards, wealth management, financial crime prevention, and credit), Caretech (modular software for health and social care), and Indtech (industry-specific software for sectors such as pulp, paper, and fiber, alongside billing, messaging, and purchase-to-pay automation). Tieto serves a broad customer base spanning automotive, banking, education, energy and utilities, healthcare, manufacturing, public sector, pulp/paper/packaging, and telecom industries. The company was incorporated in 1968.
As a mid-cap stock in the Information Technology sector (GICS sub-industry: IT Consulting & Other Services), Tieto operates in a competitive Nordic and European IT services market where peers typically compete on specialized software platforms and managed services. Its Banking-as-a-Service offering places it within the broader fintech infrastructure space, providing banks and financial institutions with the underlying technology to deliver digital banking products without building proprietary core systems.
- Nordic banking modernization lifts Banktech recurring revenue
- Healthcare IT spending accelerates Caretech segment growth
- NOK and SEK currency swings pressure reported margins
| Net Income: 119.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.58 > 1.0 |
| NWC/Revenue: 6.59% < 20% (prev 24.17%; Δ -17.57% < -1%) |
| CFO/TA 0.11 > 3% & CFO 252.8m > Net Income 119.3m |
| Net Debt (458.3m) to EBITDA (450.3m): 1.02 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.8m) vs 12m ago -2.34% < -2% |
| Gross Margin: 21.33% > 18% (prev 22.03%; Δ -0.70% > 0.5%) |
| Asset Turnover: 69.48% > 50% (prev 79.87%; Δ -10.39% > 0%) |
| Interest Coverage Ratio: 11.41 > 6 (EBIT TTM 375.3m / Interest Expense TTM 32.9m) |
| A: 0.05 (Total Current Assets 607.5m - Total Current Liabilities 489.3m) / Total Assets 2.30b |
| B: 0.10 (Retained Earnings 241.0m / Total Assets 2.30b) |
| C: 0.15 (EBIT TTM 375.3m / Avg Total Assets 2.58b) |
| D: 0.90 (Book Value of Equity 1.09b / Total Liabilities 1.21b) |
| Altman-Z'' = 2.60 = A |
| DSRI: 1.11 (Receivables 275.9m/316.4m, Revenue 1.79b/2.29b) |
| GMI: 1.03 (GM 22.03% / 21.33%) |
| AQI: 1.20 (AQ_t 0.70 / AQ_t-1 0.58) |
| SGI: 0.78 (Revenue 1.79b / 2.29b) |
| TATA: -0.06 (NI 119.3m - CFO 252.8m) / TA 2.30b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at EUR 18.48 with a total of 227,451 shares traded. Over the past week, the price has changed by +2.33%, over one month by -4.15%, over three months by +4.95% and over the past year by +24.39%.
Current recommended Stop Loss: 17.70 (which is 4.2% or 2 ATR below the current price).
TietoEVRY has no consensus analysts rating.
P/E Trailing = 9.7037
P/E Forward = 8.547
P/S = 1.1219
P/B = 1.8752
P/EG = 1.0969
Revenue TTM = 1.79b EUR
EBIT TTM = 375.3m EUR
EBITDA TTM = 450.3m EUR
Long Term Debt = 608.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 36.3m EUR (from shortTermDebt, last quarter)
Debt = 759.8m EUR (from shortLongTermDebtTotal, last quarter) + Leases 69.0m
Net Debt = 458.3m EUR (calculated: Debt 759.8m - CCE 301.5m)
Enterprise Value = 2.47b EUR (2.01b + Debt 759.8m - CCE 301.5m)
Interest Coverage Ratio = 11.41 (Ebit TTM 375.3m / Interest Expense TTM 32.9m)
EV/FCF = 12.90x (Enterprise Value 2.47b / FCF TTM 191.5m)
FCF Yield = 7.75% (FCF TTM 191.5m / Enterprise Value 2.47b)
FCF Margin = 10.68% (FCF TTM 191.5m / Revenue TTM 1.79b)
Net Margin = 6.65% (Net Income TTM 119.3m / Revenue TTM 1.79b)
Gross Margin = 21.33% ((Revenue TTM 1.79b - Cost of Revenue TTM 1.41b) / Revenue TTM)
Gross Margin QoQ = 19.03% (prev 23.02%)
Tobins Q-Ratio = 1.07 (Enterprise Value 2.47b / Total Assets 2.30b)
Interest Expense / Debt = 4.33% (Interest Expense 32.9m / Debt 759.8m)
Taxrate = 20.68% (57.4m / 277.6m)
NOPAT = 297.7m (EBIT 375.3m * (1 - 20.68%))
Current Ratio = 1.24 (Total Current Assets 607.5m / Total Current Liabilities 489.3m)
Debt / Equity = 0.70 (Debt 759.8m / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = 1.02 (Net Debt 458.3m / EBITDA 450.3m)
Debt / FCF = 2.39 (Net Debt 458.3m / FCF TTM 191.5m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.62% (Net Income 119.3m / Total Assets 2.30b)
RoE = 11.15% (Net Income TTM 119.3m / Total Stockholder Equity 1.07b)
RoCE = 22.37% (EBIT 375.3m / Capital Employed (Equity 1.07b + L.T.Debt 608.4m))
RoIC = 16.96% (NOPAT 297.7m / Invested Capital 1.76b)
WACC = 5.28% (E(2.01b)/V(2.77b) * Re(5.97%) + D(759.8m)/V(2.77b) * Rd(4.33%) * (1-Tc(0.21)))
Discount Rate = 5.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -62.50 | Cagr: -1.07%
[DCF] Terminal Value 73.10% ; FCFF base≈217.1m ; Y1≈190.3m ; Y5≈153.8m
[DCF] Fair Price = 18.33 (EV 2.47b - Net Debt 458.3m = Equity 2.01b / Shares 109.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -87.16 | EPS CAGR: -15.47% | SUE: -0.54 | # QB: 0
Revenue Correlation: -92.91 | Revenue CAGR: -18.34% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.39 | Chg30d=-3.75% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.65 | Chg30d=-1.08% | Revisions=-25% | GrowthEPS=+18.9% | GrowthRev=-5.8%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=-0.69% | Revisions=-25% | GrowthEPS=+4.0% | GrowthRev=+0.6%
[Analyst] Revisions Ratio: -50% (up=0, down=3)