Company Overview
Solwers Oyj is a Finnish-based company that operates as a leading provider of technical consulting services, specializing in infrastructure, architecture, engineering, and construction. With its strong presence in the Nordic region, Solwers offers a wide range of services to clients across various industries, including energy, transportation, and construction.
The company's primary mission is to deliver high-quality technical consulting services that enable its clients to achieve their goals and improve their competitiveness. At the heart of Solwers' values are innovation, customer satisfaction, and collaboration. The company strives to be a trusted partner for its clients, providing them with expert advice and support throughout the entire project lifecycle.
Key Products/Services
Solwers offers a comprehensive range of services, including:
- Technical consulting services in infrastructure, architecture, engineering, and construction
- Digitalization and automation solutions for industries such as energy, transportation, and construction
- Project management and coordination services
- Design and planning services for buildings and infrastructure projects
- Testing and validation services for technical systems
The company's services are designed to help its clients improve their efficiency, reduce costs, and increase their competitiveness in the market. By leveraging Solwers' expertise and knowledge, clients can gain a competitive edge and achieve their business objectives.
Benefits
Solwers' services offer numerous benefits to its clients, including:
- Expert advice and support from experienced professionals
- Improved efficiency and productivity through optimized project management and coordination
- Reduced costs through effective design and planning, as well as testing and validation of technical systems
- Increased competitiveness in the market through innovative digitalization and automation solutions
- Enhanced customer satisfaction through personalized service and support
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 9.9 | 9.9 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 |
| Target Valuation (MEur) | 80.4 | 69.4 | 54.7 | 57.3 | 64.4 | 82.8 | 82.8 |
| Targer Price | 8.15 | 7.03 | 5.46 | 5.72 | 6.42 | 8.26 | 8.26 |
| Potential, % | 92.8 | 45.8 | 69.3 | 153.5 | 315.5 | 434.2 | 434.2 |
| Recommendation | Buy | Buy | Buy | Buy | Buy | Buy | Buy |
| MCAP (MEur) | 41.7 | 47.6 | 32.3 | 22.6 | 15.5 | 15.5 | 15.5 |
| Price | 4.22 | 4.82 | 3.22 | 2.25 | 1.55 | 1.55 | 1.55 |
| EV | 55.0 | 65.0 | 42.0 | 45.0 | 42.0 | 48.0 | 56.0 |
| P/S | 0.66 | 0.72 | 0.41 | 0.28 | 0.19 | 0.19 | 0.21 |
| EV/S | 0.88 | 0.99 | 0.54 | 0.55 | 0.52 | 0.6 | 0.76 |
| EV/EBIT | 10.81 | 13.42 | 15.48 | 65.57 | 26.18 | 14.92 | 13.36 |
| P/E | 11.66 | 14.84 | 26.81 | -24.23 | 17.01 | 5.98 | 4.61 |
| P/B | 1.11 | 1.19 | 0.79 | 0.55 | 0.37 | 0.35 | 0.32 |
| P/OCF | 7.18 | 8.49 | 7.44 | 6.47 | 4.51 | 3.45 | 5.93 |
| EV/OCF | 9.48 | 11.6 | 9.76 | 12.79 | 12.29 | 10.74 | 21.47 |
| P/FCF | 14.96 | 22.05 | -67.53 | -2.68 | -8.33 | -12.51 | -4.98 |
| EV/FCF | 19.75 | 30.12 | -88.58 | -5.29 | -22.69 | -38.92 | -18.02 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 62.8 | 66.0 | 78.3 | 80.6 | 80.7 | 80.1 | 73.8 |
| Rev. Growth, % | 40.5 | 5.1 | 18.6 | 2.9 | 0.1 | -0.7 | -7.9 |
| Ebit | 5.1 | 4.8 | 2.7 | 0.7 | 1.6 | 3.2 | 4.2 |
| Ebit Growth, % | 50.0 | -5.9 | -43.7 | -74.1 | 128.6 | 100.0 | 31.2 |
| Ebit, % | 8.1 | 7.3 | 3.4 | 0.9 | 2.0 | 4.0 | 5.7 |
| Profit | 3.6 | 3.2 | 1.2 | -0.9 | 0.9 | 2.6 | 3.4 |
| EPS | 0.36 | 0.32 | 0.12 | -0.09 | 0.09 | 0.26 | 0.34 |
| Profit Growth, % | 89.5 | -11.1 | -62.5 | -175.0 | 200.0 | 188.9 | 30.8 |
| Profit, % | 5.7 | 4.8 | 1.5 | -1.1 | 1.1 | 3.2 | 4.6 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 0.2 | 0.1 | 0.6 | 0.4 | 0.4 | 0.3 | 0.3 |
| Acc. Receivable | 14.6 | 15.3 | 18.3 | 19.3 | 17.9 | 14.4 | 15.1 |
| Cash | 18.5 | 16.0 | 11.6 | 7.8 | 2.4 | -3.7 | -11.6 |
| Equity | 37.5 | 39.9 | 40.7 | 41.2 | 42.4 | 45.0 | 48.4 |
| ROE, % | 9.6 | 8.0 | 2.9 | -2.2 | 2.1 | 5.8 | 7.0 |
| ROCE, % | 7.4 | 6.5 | 4.3 | 1.0 | 2.2 | 4.3 | 5.4 |
| Net Debt | 13.4 | 17.4 | 10.1 | 22.0 | 26.8 | 32.8 | 40.7 |
| Gearing, % | 35.6 | 43.7 | 24.7 | 53.5 | 63.1 | 72.9 | 84.2 |
| Equity ratio, % | 45.9 | 45.8 | 43.2 | 42.2 | 45.7 | 54.4 | 61.9 |
| Acc. Payable | 0.0 | 12.9 | 23.5 | 17.3 | 21.6 | 33.4 | 29.5 |
| Total Assets | 81.7 | 87.0 | 94.1 | 97.6 | 92.7 | 82.7 | 78.1 |
| ROA, % | 4.4 | 3.7 | 1.3 | -0.9 | 1.0 | 3.1 | 4.4 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.8 | 5.6 | 4.3 | 3.5 | 3.4 | 4.5 | 2.6 |
| Investment Cash Flow | -3.0 | -3.4 | -4.8 | -11.9 | -5.3 | -5.7 | -5.7 |
| Free Cash Flow | 2.8 | 2.2 | -0.5 | -8.4 | -1.9 | -1.2 | -3.1 |
| OCF/CAPEX | 1.92 | 1.63 | 0.9 | 0.29 | 0.65 | 0.78 | 0.46 |
| Financial Cash Flow | 3.1 | -4.3 | -3.7 | 4.4 | -3.6 | -4.8 | -4.8 |
Disclaimer
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
The data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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