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Tecnotree

3.139

 

EUR

 

-0.95 %

TEM1V

NASDAQ Helsinki

Software

Technology

8,253 following
www.tecnotree.com

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process and subscription management services for customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence around Asia, Africa and the Middle East.

P/E (adj.) (24e)
3.37
EV/EBIT (adj.) (24e)
2.39
EV/S (24e)
0.71
Dividend yield-% (24e)
0.64 %
Target price
3.00 EUR
Recommendation
Sell
Updated
28.10.2024
NASDAQ Helsinki
TEM1V
Daily low / high price
3.07 / 3.28 EUR
Market cap
53.52M EUR
Turnover
25.88K EUR
Volume
8.3K
Business risk
Valuation risk
Current
Previous

Latest research

Tecnotree Q3'24: Risk level remains high
2024-10-28
Tecnotree: Trust needs to be rebuilt
2024-09-09
Tecnotree Q2'24: Cash flow improving slower than we expected
2024-08-12

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

Roni Peuranheimo
Roni Peuranheimo
Analyst

Latest videos

Tecnotree Q2'24: Better visibility to cash flows
2024-08-09
Tecnotree, Webcast, Q2'24
2024-08-09
Tecnotree Q1'24: Headwinds from the currency exchange rates
2024-04-26

Forum updates

Stay up-to-date with the latest talk about Tecnotree
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A company that has generated a lot of discussion in Finland will release its earnings on Friday. Tecnotree will publish its Q2 report on Friday at around 9.00 am EEST. We expect the company’s revenue and result to continue their upward trend, which is also indicated by the company’s guidance for the full year. In terms of cash flow, we expect a significant improvement after a very weak start to the year with improved cash collection. The main area of interest in the report will again be the future outlook for the development of the cash flow profile. We also expect an update on the situation regarding the potential company acquisition and the uncollected convertible debentures. Inderes Tecnotree Q2'24 preview: Slight cash flow improvement expected - Inderes Tecnotree will publish its Q2 report on Friday at around 9.00 am EEST. We expect the company's revenue and result to continue their upward trend, which is also indicated by the company's guidance for the full year. In terms of cash flow, we expect a...
börsen84
8/6/2024, 7:39 PM💙 1
Här är analytikerns kommentarer om den senaste nyheten från Tecnotree. Through the collaboration, the companies aim to launch new solutions that leverage HCLTech’s AI expertise and Tecnotree’s BSS know-how. HCLTech is a large Indian technology company and the cooperation creates interesting opportunities for Tecnotree, although the actual realization of the cooperation will be seen in the future. Inderes Tecnotree partners with HCLTech from India - Inderes Through the collaboration, the companies aim to launch new solutions that leverage HCLTech's AI expertise and Tecnotree's BSS know-how.
börsen84
6/20/2024, 8:35 AM💙 1
Tecnotree är ett företag som har väckt mycket diskussion i Finland. Det verkar som att många ser enorma möjligheter i företaget, medan andra ser stora risker. Här nedan finns en gratis och mycket omfattande realistisk analys av företaget. Det är värt att läsa! Inderes Cash flow still needs to be proven - Inderes Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal...
börsen84
5/11/2024, 11:53 AM💙 1
Rapportsläpp på fredag! läs analytikerkommentaren inför Q1: Tecnotree Q1 on Friday: Growth slowing down - Inderes
Isa Hudd
4/23/2024, 7:51 AM💙 1
Här är Tecnotrees Q3’24-resultatprognos Inderes Tecnotree Q3'24 earnings preview: Cash flow key to restoring confidence -... Tecnotree will publish its Q3 report on Friday, October 25, at around 9.00 am EEST. We expect the company's revenue to grow at a single-digit rate.
börsen84
10/21/2024, 9:20 PM
Tecnotree har väckt mycket diskussion på sistone. Här är en färsk analys av bolaget. Tecnotree held an investor event on Friday in an attempt to provide background information on the Pericius deal. However, we did not get answers to all the worrying details. The company also issued cash flow guidance for next year and published a dividend policy, according to which free cash flow (and profit distribution) are set to remain slim and below our expectations. Given the weak cash flow and the ongoing uncertainties regarding corporate governance, we recommend that investors remain on the sidelines, at least for the time being, due to the elevated risk profile. We lower our recommendation for Tecnotree to Sell (was Reduce) and set our target price to EUR 3.00 (was EUR 5.50). Inderes Tecnotree: Trust needs to be rebuilt - Inderes Tecnotree held an investor event on Friday in an attempt to provide background information on the Pericius deal. However, we did not get answers to all the worrying details. The company also issued cash flow guidance for next year and published a...
börsen84
9/10/2024, 5:45 AM
Tecnotrees tillväxt och resultat blev lägre än förväntat, men kassaflödet förbättrades som förväntat under årets första halvår. Bolagets vägledning gällande kassaflödet gav också ökad synlighet för kassaflödet under resten av året. Bolagets vd Padma Ravichander och finanschef Indiresh Vivekananda intervjuas av analytiker Roni Peuranheimo. Content: 00:00 Intro 00:20 Q2 Key Points 03:39 Background of the Impairment 05:21 Reasons for the Revenue Decline 08:36 Efficiency Measures 12:20 Collaboration with HCLTech 14:57 Benefits of the Acquisition 15:53 Employee Incentive Program 16:56 Status of Convertible Bonds 17:27 Guidance and Outlook for the Rest of the Year
börsen84
8/9/2024, 10:42 PM

Income statement

20202021202220232024e2025e2026e2027e
Revenue52.864.271.678.477.479.982.685.1
growth-%12.3 %21.6 %11.5 %9.5 %-1.3 %3.3 %3.4 %3.0 %
EBITDA20.325.319.827.728.133.334.835.9
EBIT (adj.)19.323.718.323.822.823.224.124.1
EBIT18.623.718.323.819.923.224.124.1
Profit before taxes15.921.517.213.915.419.220.120.1
Net income13.618.411.611.212.014.615.315.5
EPS (adj.)1.031.170.740.710.930.890.530.53
growth-%82.5 %14.3 %-36.8 %-5.0 %32.2 %-4.2 %-41.2 %-0.0 %
Dividend0.000.000.000.010.020.030.050.06
Dividend ratio1.4 %2.7 %3.4 %9.5 %11.4 %

Profitability and return on capital

20202021202220232024e2025e2026e2027e
EBITDA-%38.5 %39.4 %27.7 %35.4 %36.3 %41.6 %42.2 %42.2 %
EBIT-% (adj.)36.6 %36.9 %25.6 %30.4 %29.5 %29.0 %29.2 %28.3 %
EBIT-%35.2 %36.9 %25.6 %30.4 %25.8 %29.0 %29.2 %28.3 %
ROE116.2 %42.0 %15.6 %13.4 %13.0 %13.8 %10.8 %8.7 %
ROI73.1 %46.8 %24.0 %24.1 %16.8 %16.6 %14.8 %13.6 %

Valuation

20202021202220232024e2025e2026e2027e
Share price (EUR)14.0029.4012.626.803.143.143.143.14
Shares13.715.715.515.816.016.329.129.5
Market cap192.2460.4196.2107.750.151.291.492.5
Enterprise value197.6442.9188.8113.654.653.840.632.0
EV/S3.76.92.61.40.70.70.50.4
EV/EBITDA9.717.59.54.11.91.61.20.9
EV/EBIT (adj.)10.218.710.34.82.42.31.71.3
EV/EBIT10.618.710.34.82.72.31.71.3
P/E (adj.)13.625.017.09.63.43.56.06.0
P/E14.225.017.09.64.23.56.06.0
P/B9.76.82.41.20.50.50.50.5
P/S3.67.22.71.40.60.61.11.1
Dividend yield0.2 %0.6 %1.0 %1.6 %1.9 %
Equity ratio39.3 %85.4 %77.1 %67.5 %71.0 %66.7 %92.9 %93.1 %
Gearing ratio27.1 %-25.9 %-9.3 %6.8 %4.5 %2.3 %-29.8 %-32.8 %

Quarter data

Q4/232023Q1/24Q2/24Q3/24Q4/24e2024eQ1/25eQ2/25e
Revenue22.278.416.318.719.023.477.4
EBITDA9.327.76.05.87.19.228.1
EBIT7.923.84.43.65.06.919.9
Profit before taxes2.813.92.12.84.95.615.4
Net income2.511.21.62.04.14.212.0
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Research by
Roni Peuranheimo

Tecnotree Q3'24: Risk level remains high

Tecnotree's Q3 results were well below our forecasts, with a sharp decline in revenue and earnings. Cash flow improved as expected in the first half, but further evidence of an improvement in the sustainable cash flow profile remains to be seen.

Tecnotree

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Research by
Roni Peuranheimo

Tecnotree: Trust needs to be rebuilt

Tecnotree held an investor event on Friday in an attempt to provide background information on the Pericius deal. However, we did not get answers to all the worrying details. The company also issued cash flow guidance for next year and published a dividend policy, according to which free cash flow (and profit distribution) are set to remain slim and below our expectations. Given the weak cash flow and the ongoing uncertainties regarding corporate governance, we recommend that investors remain on the sidelines, at least for the time being, due to the elevated risk profile.

Tecnotree
Research by
Roni Peuranheimo

Tecnotree Q2'24: Cash flow improving slower than we expected

Tecnotree's Q2 key figures missed our forecasts. Cash flow improved as expected from the beginning of the year and the company provided cash flow guidance for the rest of the year. However, free cash flow is expected to remain tight again this year, which means that we do not see the stock's risk/reward as particularly attractive.

Tecnotree
Tecnotree Q2'24: Better visibility to cash flows
Video by
Roni Peuranheimo

Tecnotree Q2'24: Better visibility to cash flows

Tecnotree’s growth and earnings fell short of our expectations, but cash flow improved as expected in the first part of the year. The guidance provided regarding cash flow also added visibility to cash flows for the rest of the year. The company’s CEO Padma Ravichander and CFO Indiresh Vivekananda are interviewed by analyst Roni Peuranheimo.

Tecnotree
Tecnotree Q2'24 preview: Slight cash flow improvement expected
Analyst Comment by
Roni Peuranheimo

Tecnotree Q2'24 preview: Slight cash flow improvement expected

Tecnotree will publish its Q2 report on Friday at around 9.00 am EEST. We expect the company's revenue and result to continue their upward trend, which is also indicated by the company's guidance for the full year. In terms of cash flow, we expect a significant improvement after a very weak start to the year with improved cash collection.

Tecnotree
Extensive research by
Roni Peuranheimo

Cash flow still needs to be proven

Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet.

Tecnotree