Talenom Oyj (TNOM.he) - Financial summary and valuation
Talenom Oyj

Company Overview

Talenom Oyj is a Finnish company that provides a range of services and solutions to its clients across various industries, including accounting, finance and consulting. With a strong presence in Finland, Sweden, and Spain, Talenom offers a unique blend of local expertise and global capabilities.

The company's primary mission is to provide innovative and tailored solutions that help its clients achieve their business objectives. At the heart of Talenom's approach are its core values: innovation, excellence, collaboration, and sustainability. These values guide everything from its product development to its operational practices.

Key Products/Services

Talenom's portfolio includes a range of services, including:

These services are designed to address the unique challenges faced by businesses in various industries, from finance and consulting to software development and more. By providing tailored solutions that meet specific client needs, Talenom aims to establish itself as a trusted partner for businesses seeking to achieve success in an increasingly complex and competitive landscape.

Benefits

The benefits of working with Talenom are numerous:

By partnering with Talenom, businesses can tap into a wealth of knowledge, expertise, and resources, positioning themselves for success in an ever-changing market landscape. With its strong focus on innovation, excellence, collaboration, and sustainability, Talenom is well-positioned to help clients achieve their goals and drive growth in the years ahead.



Valuation

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Number of Shares (million) 45.0 45.0 45.5 45.5 45.6 45.6 45.6
Target Valuation (MEur) 147.9 137.7 127.1 86.6 69.4 77.4 77.4
Targer Price 3.29 3.06 2.8 1.9 1.52 1.7 1.7
Potential, % -63.8 -50.6 -31.7 -37.1 14.3 27.5 27.5
Recommendation Sell Sell Sell Sell Hold Buy Buy
MCAP (MEur) 409.1 278.7 186.2 137.6 60.7 60.7 60.7
Price 9.1 6.2 4.1 3.03 1.33 1.33 1.33
EV 463.0 355.0 274.0 235.0 132.0 124.0 111.0
P/S 4.01 2.29 1.47 1.26 0.52 0.57 0.53
EV/S 4.54 2.91 2.17 2.15 1.15 1.15 0.97
EV/EBIT 30.36 31.8 23.98 38.03 20.23 18.06 13.34
P/E 34.66 46.88 31.36 26.11 14.95 11.07 9.11
P/B 7.66 4.99 3.42 2.92 1.52 1.34 1.17
P/OCF 11.6 7.72 6.37 4.34 2.03 2.04 1.83
EV/OCF 13.14 9.82 9.37 7.41 4.44 4.15 3.34
P/FCF -127.22 -37.05 30.12 12.57 4.92 6.77 4.88
EV/FCF -144.14 -47.13 44.3 21.48 10.74 13.79 8.93

Income Statement

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Revenue 102.1 121.7 126.2 109.1 115.6 107.2 115.0
Rev. Growth, % 23.3 19.2 3.7 -13.5 6.0 -7.3 7.3
Ebit 15.3 11.1 11.4 6.2 6.5 6.8 8.3
Ebit Growth, % 3.4 -27.5 2.7 -45.6 4.8 4.6 22.1
Ebit, % 15.0 9.1 9.0 5.7 5.6 6.3 7.2
Profit 11.8 5.9 5.9 5.3 4.1 5.5 6.7
EPS 0.26 0.13 0.13 0.12 0.09 0.12 0.15
Profit Growth, % 9.3 -50.0 0.0 -10.2 -22.6 34.1 21.8
Profit, % 11.6 4.8 4.7 4.9 3.5 5.1 5.8

Balance Sheet

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Inventory 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acc. Receivable 11.9 16.7 16.7 18.0 14.6 14.2 14.3
Cash 16.0 10.3 8.7 7.0 15.2 24.2 36.6
Equity 53.4 55.8 54.4 47.0 39.9 45.4 52.0
ROE, % 22.1 10.6 10.8 11.3 10.3 12.1 12.9
ROCE, % 12.4 7.8 7.6 4.1 5.1 5.1 6.0
Net Debt 54.4 75.8 87.6 97.5 71.8 62.9 50.4
Gearing, % 101.9 135.9 161.1 207.3 180.1 138.6 96.9
Equity ratio, % 35.8 31.8 30.6 26.1 26.7 31.1 35.4
Acc. Payable 19.8 28.5 22.3 20.9 23.2 23.1 21.9
Total Assets 149.2 175.7 178.0 180.2 149.2 145.8 146.9
ROA, % 7.9 3.4 3.3 2.9 2.7 3.8 4.6

Cash Flow

2022 2023 2024 2025 2026 (e) 2027 (e) 2028 (e)
Operating Cash Flow 35.3 36.1 29.2 31.7 29.8 29.8 33.2
Investment Cash Flow -38.5 -43.6 -23.0 -20.8 -17.5 -20.8 -20.8
Free Cash Flow -3.2 -7.5 6.2 10.9 12.3 9.0 12.4
OCF/CAPEX 0.92 0.83 1.27 1.53 1.71 1.43 1.6
Financial Cash Flow 17.1 -0.6 -7.6 -12.1 -2.2 0.0 0.0




Taaleri Oyj Tecnotree Oyj









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