(TIETO) TietoEVRY - HE
Sector: Technology | Industry: Information Technology Services | Exchange: HE (Finland) | Market Cap: 2.324m EUR | Total Return: 26% in 12m
Avg Turnover: 6.24M
EPS Trend: -90.1%
Qual. Beats: 0
Rev. Trend: -89.2%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Tieto Oyj is a Finland-based software and digital engineering firm providing IT services across the Nordic region and international markets. The company operates through four specialized segments: Tech Consulting, Banktech, Caretech, and Indtech Services, targeting sectors ranging from financial services to healthcare and manufacturing.
The company utilizes a Banking-as-a-Service (BaaS) model, a rapidly growing sector where financial institutions outsource their core digital infrastructure to third-party software providers. In the industrial sector, Tieto focuses on niche automation and case management for the pulp, paper, and fiber industries, integrating legacy manufacturing processes with modern data engineering.
For a deeper look into the companys valuation metrics, consider exploring the data on ValueRay.
Following its 2024 rebranding from TietoEVRY, the firm remains headquartered in Espoo, Finland, maintaining its position as a primary provider of public sector and enterprise software solutions in Northern Europe.
- IT services demand slows amid Nordic macroeconomic stagnation and cost cutting
- Banking-as-a-Service adoption drives recurring revenue growth in Banktech segment
- Strategic review and potential divestment of Banking and Caretech businesses
- Operating margins face pressure from wage inflation and restructuring costs
| Net Income: -100k TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.54 > 1.0 |
| NWC/Revenue: 5.43% < 20% (prev -4.05%; Δ 9.48% < -1%) |
| CFO/TA 0.12 > 3% & CFO 283.3m > Net Income -100k |
| Net Debt (451.7m) to EBITDA (302.9m): 1.49 < 3 |
| Current Ratio: 1.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (118.1m) vs 12m ago -0.62% < -2% |
| Gross Margin: 20.64% > 18% (prev 22.04%; Δ -1.40% > 0.5%) |
| Asset Turnover: 67.30% > 50% (prev 82.10%; Δ -14.80% > 0%) |
| Interest Coverage Ratio: 3.77 > 6 (EBIT TTM 133.7m / Interest Expense TTM 35.5m) |
| A: 0.04 (Total Current Assets 655.0m - Total Current Liabilities 555.6m) / Total Assets 2.34b |
| B: 0.07 (Retained Earnings 154.8m / Total Assets 2.34b) |
| C: 0.05 (EBIT TTM 133.7m / Avg Total Assets 2.72b) |
| D: 0.84 (Book Value of Equity 1.07b / Total Liabilities 1.28b) |
| Altman-Z'' = 1.70 = BBB |
| DSRI: 1.28 (Receivables 275.2m/298.2m, Revenue 1.83b/2.54b) |
| GMI: 1.07 (GM 22.04% / 20.64%) |
| AQI: 1.19 (AQ_t 0.69 / AQ_t-1 0.58) |
| SGI: 0.72 (Revenue 1.83b / 2.54b) |
| TATA: -0.12 (NI -100k - CFO 283.3m) / TA 2.34b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at EUR 18.90 with a total of 845,478 shares traded.
Over the past week, the price has changed by -6.16%,
over one month by -4.98%,
over three months by +2.38% and
over the past year by +26.03%.
TietoEVRY has no consensus analysts rating.
P/E Trailing = 32.127
P/E Forward = 8.547
P/S = 1.2702
P/B = 2.1813
P/EG = 1.0969
Revenue TTM = 1.83b EUR
EBIT TTM = 133.7m EUR
EBITDA TTM = 302.9m EUR
Long Term Debt = 616.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 42.0m EUR (from shortTermDebt, last quarter)
Debt = 767.5m EUR (from shortLongTermDebtTotal, last quarter) + Leases 68.7m
Net Debt = 451.7m EUR (calculated: Debt 767.5m - CCE 315.8m)
Enterprise Value = 2.78b EUR (2.32b + Debt 767.5m - CCE 315.8m)
Interest Coverage Ratio = 3.77 (Ebit TTM 133.7m / Interest Expense TTM 35.5m)
EV/FCF = 12.79x (Enterprise Value 2.78b / FCF TTM 217.0m)
FCF Yield = 7.82% (FCF TTM 217.0m / Enterprise Value 2.78b)
FCF Margin = 11.86% (FCF TTM 217.0m / Revenue TTM 1.83b)
Net Margin = -0.01% (Net Income TTM -100k / Revenue TTM 1.83b)
Gross Margin = 20.64% ((Revenue TTM 1.83b - Cost of Revenue TTM 1.45b) / Revenue TTM)
Gross Margin QoQ = 23.02% (prev 24.08%)
Tobins Q-Ratio = 1.18 (Enterprise Value 2.78b / Total Assets 2.34b)
Interest Expense / Debt = 4.63% (Interest Expense 35.5m / Debt 767.5m)
Taxrate = 24.31% (23.9m / 98.3m)
NOPAT = 101.2m (EBIT 133.7m * (1 - 24.31%))
Current Ratio = 1.18 (Total Current Assets 655.0m / Total Current Liabilities 555.6m)
Debt / Equity = 0.72 (Debt 767.5m / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = 1.49 (Net Debt 451.7m / EBITDA 302.9m)
Debt / FCF = 2.08 (Net Debt 451.7m / FCF TTM 217.0m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.00% (Net Income -100k / Total Assets 2.34b)
RoE = -0.01% (Net Income TTM -100k / Total Stockholder Equity 1.05b)
RoCE = 8.03% (EBIT 133.7m / Capital Employed (Equity 1.05b + L.T.Debt 616.4m))
RoIC = 5.82% (NOPAT 101.2m / Invested Capital 1.74b)
WACC = 5.76% (E(2.32b)/V(3.09b) * Re(6.51%) + D(767.5m)/V(3.09b) * Rd(4.63%) * (1-Tc(0.24)))
Discount Rate = 6.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -0.18%
[DCF] Terminal Value 73.10% ; FCFF base≈238.1m ; Y1≈208.8m ; Y5≈168.7m
[DCF] Fair Price = 19.65 (EV 2.71b - Net Debt 451.7m = Equity 2.26b / Shares 114.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -90.08 | EPS CAGR: -31.62% | SUE: 0.11 | # QB: 0
Revenue Correlation: -89.16 | Revenue CAGR: -16.20% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.35 | Chg30d=+3.68% | Revisions=+20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.42 | Chg30d=+4.82% | Revisions=+20% | Analysts=4
EPS current Year (2026-12-31): EPS=1.61 | Chg30d=+0.72% | Revisions=-11% | GrowthEPS=+15.5% | GrowthRev=-4.0%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=+0.16% | Revisions=+11% | GrowthEPS=+7.0% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +20%