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Solteq

0.66

 

EUR

 

+8.91 %

SOLTEQ

NASDAQ Helsinki

IT Services

Technology

6,079 following
+8.91%
+7.14%
+6.8%
-15.38%
+3.13%
-13.16%
-10.2%
-85.59%
-55.1%
-86.88%
www.solteq.com/en/investors

Solteq is an IT consulting company. The company specializes in ERP - Enterprise Resource Planning. Other services offered are related to financial management and inventory management. The customers consist of small and medium-sized corporate customers active in the retail and hotel industry. Solteq operates worldwide, with the largest presence in Europe, North America, and Asia.

P/E (adj.) (24e)
-14.44
EV/EBIT (adj.) (24e)
33.39
EV/S (24e)
0.72
Dividend yield-% (24e)
-
Target price
0.60 EUR
Recommendation
Reduce
Updated
24.10.2024
NASDAQ Helsinki
SOLTEQ
Daily low / high price
0.65 / 0.7 EUR
Market cap
12.8M EUR
Turnover
21.01K EUR
Volume
31K
Business risk
Valuation risk
Current
Previous

Latest research

Solteq: Journey continues from retail consultant to energy sector product house
2023-06-20
Solteq: Switching to a smaller gear
2022-02-18
Solteq: Software transformation progressing strongly
2021-04-30

Extensive report

Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the report

Analyst

Joni Grönqvist
Joni Grönqvist
Analyst

Latest videos

Solteq Capital Markets Day – Wednesday, Jan. 18 at 10:00 EET
2023-01-18
inderesPodcast: 2.En djupdykning i Helsingforsbörsens IT-tjänstesektor
2022-10-05
IT-konsultsektorn har fortsatt medvind
2022-05-31

Financial calendar

Annual report
2025-02-13
General meeting
2025-03-27
Interim report
2025-04-29
Interim report
2025-08-21
Interim report
2025-10-29

Income statement

20202021202220232024e2025e2026e2027e
Revenue60.569.168.457.751.851.453.656.0
growth-%3.7 %14.2 %-0.9 %-15.7 %-10.2 %-0.7 %4.3 %4.4 %
EBITDA10.412.35.68.73.24.85.25.7
EBIT (adj.)5.87.40.5-3.91.12.93.84.2
EBIT5.47.1-4.4-3.50.82.93.84.2
Profit before taxes2.75.2-6.6-4.7-1.50.30.42.3
Net income2.04.1-5.4-5.4-1.60.20.31.8
EPS (adj.)0.150.23-0.03-0.29-0.050.010.020.09
growth-%175.5 %55.5 %-112.1 %43.8 %453.1 %
Dividend0.150.100.000.000.000.000.000.00
Dividend ratio146.3 %47.3 %

Profitability and return on capital

20202021202220232024e2025e2026e2027e
EBITDA-%17.2 %17.8 %8.1 %15.1 %6.2 %9.4 %9.7 %10.2 %
EBIT-% (adj.)9.6 %10.7 %0.7 %-6.7 %2.2 %5.6 %7.0 %7.5 %
EBIT-%8.8 %10.3 %-6.4 %-6.1 %1.6 %5.6 %7.0 %7.5 %
ROE7.8 %15.0 %-21.4 %-27.1 %-9.6 %1.5 %2.1 %10.7 %
ROI9.7 %12.3 %-7.8 %-7.1 %1.9 %7.1 %9.3 %10.3 %

Valuation

20202021202220232024e2025e2026e2027e
Share price (EUR)2.804.111.230.760.660.660.660.66
Shares19.319.419.419.419.419.419.419.4
Market cap54.179.723.914.712.812.812.812.8
Enterprise value80.5105.755.339.237.536.836.434.5
EV/S1.31.50.80.70.70.70.70.6
EV/EBITDA7.88.610.04.511.67.67.06.0
EV/EBIT (adj.)13.914.3118.6-33.412.89.78.2
EV/EBIT15.114.8--46.712.89.78.2
P/E (adj.)19.218.2---55.438.57.0
P/E27.319.4---55.438.57.0
P/B2.02.81.10.90.80.80.80.7
P/S0.91.20.30.30.20.20.20.2
Dividend yield5.4 %2.4 %
Equity ratio35.5 %36.9 %30.3 %30.1 %29.0 %30.0 %30.4 %32.9 %
Gearing ratio99.9 %92.6 %139.4 %142.3 %158.1 %151.5 %145.8 %120.0 %

Quarter data

Q4/232023Q1/24Q2/24Q3/24Q4/24e2024eQ1/25eQ2/25e
Revenue14.357.713.613.411.413.451.813.113.2
EBITDA-0.88.70.40.60.91.43.21.31.2
EBIT-9.1-3.5-0.20.00.30.80.80.80.7
Profit before taxes-9.7-4.7-0.7-0.5-0.50.2-1.50.20.1
Net income-8.3-5.4-0.7-0.5-0.50.1-1.60.10.1
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IT service sector: Market performance in Denmark and Norway better than in Finland and Sweden
Analyst Comment by
Frans-Mikael Rostedt, Joni Grönqvist

IT service sector: Market performance in Denmark and Norway better than in Finland and Sweden

In the rest of the Nordic countries, organic revenue development turned upwards and profitability was at a reasonably good level in Q2.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaBouvetB3 Consulting GroupColumbusCombinedXKnowitNetcompany GroupNNITProact IT GroupWebstep
IT services sector 2024 expectations fell slightly in Q2, but H2 looks a little better
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector 2024 expectations fell slightly in Q2, but H2 looks a little better

With the Q2 reports and subsequent earnings warnings, our revenue and profitability expectations have declined slightly. The expected strengthening of the general economic development in Finland and Europe and the interest rate cuts provide some light at the end of the tunnel and create the conditions for a gradually improving demand outlook also for the IT services sector next year.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly

The strengthening of the general economic situation in Finland and Europe and the expected decline in interest rates provide some light at the end of the tunnel and, in our opinion, create the conditions for a gradually improving demand outlook also for the IT services sector next year.

DigiaDigital WorkforceInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well

The organic revenue development of the Finnish listed IT service companies took a downturn from a strong comparison period. At the same time, profitability declined from the good comparison period, although slightly less than expected, helped by cost savings.

GoforeDigital WorkforceDigiaInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp