Detection Technology Oyj (DETEC.he) - Financial summary and valuation
Detection Technology Oyj

Company Overview

Detection Technology is a leading provider of innovative imaging solutions, specializing in X-ray computed tomography (CT) technology. With a strong focus on research and development, the company has established itself as a pioneer in the field of digital radiography.

The primary mission of Detection Technology is to deliver cutting-edge imaging solutions that enhance patient care, improve diagnostic accuracy, and reduce healthcare costs. The company's core values include innovation, quality, and customer satisfaction, which guide its product development, manufacturing, and distribution processes.

Key Products/Services

Detection Technology offers a range of products and services that cater to the needs of various industries, including medical imaging, industrial inspection, and security screening. Some of its key products include:

The company's products are designed to provide high-quality images, improved diagnostic accuracy, and increased efficiency in various industries. The benefits of Detection Technology's products include:

Innovation and Expansion

Detection Technology has been actively investing in research and development, with a focus on advancing its CT technology and expanding into new markets. The company has established partnerships with leading institutions and organizations to drive innovation and growth.

In 2025, the company announced its DT2030 strategy, which aims to accelerate its growth through innovative products and services.

Detection Technology has received several awards and recognitions for its innovative products and services. The company was named a Forbes Global 2000 company in 2025, indicating its strong financial performance and reputation.



Valuation

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Number of Shares (million) 14.7 14.7 14.7 14.7 14.7 14.7 14.7
Target Valuation (MEur) 28.7 24.6 14.8 35.0 18.4 12.9 12.9
Targer Price 1.96 1.68 1.01 2.39 1.25 0.88 0.88
Potential, % -88.4 -87.7 -93.4 -78.5 -84.4 -89.0 -89.0
Recommendation Sell Sell Sell Sell Sell Sell Sell
MCAP (MEur) 247.7 200.8 224.2 162.7 117.8 117.8 117.8
Price 16.9 13.7 15.3 11.1 8.04 8.04 8.04
EV 227.0 188.0 197.0 142.0 102.0 94.0 84.0
P/S 2.51 1.93 2.09 1.61 1.11 1.1 1.13
EV/S 2.3 1.81 1.83 1.41 0.96 0.88 0.8
EV/EBIT 39.14 22.12 14.24 17.37 10.54 9.51 7.76
P/E 48.41 36.49 20.18 25.26 14.65 15.03 13.68
P/B 3.4 2.76 2.72 2.08 1.4 1.28 1.17
P/OCF -842.41 24.46 11.14 41.87 26.47 12.66 9.49
EV/OCF -772.38 22.92 9.76 36.62 22.86 10.14 6.76
P/FCF -128.86 -32.28 12.52 54.73 -785.51 15.88 11.2
EV/FCF -118.15 -30.25 10.97 47.87 -678.53 12.72 7.97

Income Statement

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Revenue 98.6 103.8 107.5 101.0 106.3 107.5 104.4
Rev. Growth, % 9.8 5.3 3.6 -6.0 5.2 1.1 -2.9
Ebit 5.8 8.5 13.8 8.2 9.7 9.9 10.8
Ebit Growth, % -45.3 46.6 62.4 -40.6 18.3 2.1 9.1
Ebit, % 5.9 8.2 12.8 8.1 9.1 9.2 10.3
Profit 5.1 5.5 11.1 6.4 8.0 7.8 8.6
EPS 0.35 0.38 0.76 0.44 0.55 0.53 0.59
Profit Growth, % -45.2 7.8 101.8 -42.3 25.0 -2.5 10.3
Profit, % 5.2 5.3 10.3 6.3 7.5 7.3 8.2

Balance Sheet

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Inventory 24.8 23.6 22.8 29.2 33.5 35.0 34.4
Acc. Receivable 35.1 34.5 33.1 33.7 35.5 34.9 36.5
Cash 23.7 19.1 28.3 25.0 23.4 30.8 41.3
Equity 72.8 72.8 82.4 78.2 84.5 92.3 100.9
ROE, % 7.0 7.6 13.5 8.2 9.5 8.5 8.5
ROCE, % 7.6 10.7 16.6 9.9 10.6 9.9 10.0
Net Debt -20.6 -12.7 -27.7 -20.4 -16.0 -23.5 -34.0
Gearing, % -28.3 -17.4 -33.6 -26.1 -19.0 -25.4 -33.7
Equity ratio, % 79.6 77.0 82.2 75.1 77.1 83.2 88.3
Acc. Payable 14.0 13.0 13.2 19.3 18.6 16.1 11.9
Total Assets 91.4 94.5 100.2 104.1 109.5 110.9 114.3
ROA, % 5.6 5.8 11.1 6.1 7.3 7.0 7.5

Cash Flow

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Operating Cash Flow -0.3 8.2 20.1 3.9 4.5 9.3 12.4
Investment Cash Flow -1.6 -14.4 -2.2 -0.9 -4.6 -1.9 -1.9
Free Cash Flow -1.9 -6.2 17.9 3.0 -0.1 7.4 10.5
OCF/CAPEX 0.0 0.57 9.08 4.26 0.97 4.92 6.57
Financial Cash Flow -4.1 0.6 -9.3 4.0 -1.9 0.0 0.0




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