Siili Solutions: A more cautious approach to the new year
Siili's Q4 growth was good, but profitability was below expectations. Economic uncertainty was visible to some extent and there was matching challenges between demand and supply. We expect Siili’s performance to continue improving steadily in the coming years, driven by international operations. The expected return (~15%) consisting of earnings growth, dividend yield and upside in multiples and attractive valuation (23e EV/EBIT 9x) support a positive view of the share.
Siili Solutions
Siili Solutions is a provider in the IT sector. The company develops and integrates software for information systems and offers services related to the development of technology platforms, information management, IT architecture, and various project management. The competence is found in data management, analysis, and artificial intelligence. Siili Solutions was founded in 2005 and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures2023-02-19
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 118.3 | 131.7 | 139.8 |
growth-% | 19.19 % | 11.27 % | 6.18 % |
EBIT (adj.) | 11.6 | 13.1 | 14.8 |
EBIT-% (adj.) | 9.83 % | 9.95 % | 10.60 % |
EPS (adj.) | 1.01 | 1.15 | 1.36 |
Dividend | 0.20 | 0.30 | 0.37 |
Dividend % | 1.24 % | 5.51 % | 6.80 % |
P/E (adj.) | 15.96 | 4.73 | 3.99 |
EV/EBITDA | 8.64 | 2.02 | 1.31 |