contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls {
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tietoevry-stable-return-potential-discount

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

alternatePageUrls

imgUrl

description

Analyst

Joni Grönqvist

Tietoevry is active in the IT sector. The company offers a range of software and cloud-based solutions, with the greatest specialist expertise in SaaS solutions. Expertise is found in business processes, application services, infrastructure solutions, and front-end solutions. Customers are found in a number of markets on a global level. The company was created in 2019 via a merger of Tieto and EVRY. The head office is located in Helsinki.

Tietoevry får en upprepad köp-rekommendation och ett kursmål på 22 euro. De huvudsakliga punkterna i bolagets resultat för tredje kvartalet var redan kända efter den tidigare utfärdade vinstvarningen, och fokus låg på den strategiska översynen av Tech Services-verksamheten. Rapporten visade att försäljningsprocessen är i slutfasen, vilket ger en försiktigt positiv signal. Prognoserna tyder på att omsättningen kan minska något under 2024-2025, men lönsamheten förväntas förbli på samma nivå som förra året, stöttad av effektivitetsåtgärder. Värderingsnivån är attraktiv och aktiens avkastningsförväntan stiger till över 10 procent tack vare en vinsttillväxt på 3 procent och en utdelningsavkastning på 8 procent. We reiterate our Buy recommendation and EUR 22.0 target price for Tietoevry. The big picture of Tietoevry’s Q3 performance was already known with the figures the company released last week in its earnings warning. The focus was therefore on the strategic review of Tech Services, and the report revealed that the sale process is nearing completion, which is a cautiously positive signal. We have left our forecasts largely unchanged and expect revenue to decline slightly in 2024-25, but profitability to remain at last year’s level, supported by ongoing efficiency measures. Despite some near-term operating pressure, the valuation picture remains very attractive from multiple perspectives (2024e adj. P/E 9x, DCF EUR 25, SOTP EUR 24 and a dividend of 8%).                   Inderes              Tietoevry Q3'24: Tech Services divestment process advanced - Inderes    The big picture of Tietoevry's Q3 performance was already known with the figures the company released last week in its earnings warning. The focus was therefore on the strategic review of Tech Services, and the report revealed that the sale process...

Tietoevry sänker sin vägledning och ger en vinstvarning – rekommendationen kvarstår på Köp  Tietoevry har gett en vinstvarning och sänkt sin vägledning för 2024 något på grund av en svagare marknadssituation. Företaget förväntar sig att intäkterna kommer att minska något under 2024–2025, men att lönsamheten kommer att förbli på samma nivå som förra året tack vare effektivitetsåtgärder. Målkursen är nu 22 euro. Preliminära uppgifter för Q3-resultatet visar att intäkterna minskat till cirka 653 miljoner euro, vilket är cirka 3 % under förväntningarna, men att vinsten översteg förväntningarna. Rapporten fokuserar också på den möjliga avyttringen av Tech Service. Även om vinstvarningen var mild, förblir företagets värdering attraktiv, och den starka utdelningen stöder en god avkastningsförväntning.                   Inderes              Tietoevry: Mild profit warning was already priced in - Inderes    Tietoevry issued a profit warning and slightly lowered its guidance for 2024 due to a weaker-than-expected market. As a result, we slightly lowered our forecasts for the current and coming years. In 2024-25, we expect revenue to decline slightly, but...

En erfaren analytiker inom IT-tjänstesektorn har gjort en ny analys av detta företag, det är värt att läsa.  We reiterate our Buy recommendation and EUR 24.0 target price for Tietoevry. Q2 was in line with expectations in terms of operations and commentary, and we left our forecasts broadly unchanged. In 2024, we expect the company’s earnings to be at the level of the comparison period, due to a challenging market, but to grow moderately in the coming years. Our forecasts are clearly below the company’s target levels. The share’s valuation picture is still very attractive from several angles (2024e P/E: 14x, adj. P/E: 9x, DCF: EUR 29, SOTP: EUR 26 and expected return ~20%).                   Inderes              Tietoevry Q2'24: Steadily ahead in a challenging market - Inderes    Q2 was in line with expectations in terms of operations and commentary, and we left our forecasts broadly unchanged. In 2024, we expect the company’s earnings to be at the level of the comparison period, due to a challenging market, but to grow...

Ny Tietoevry intervju med @joni.gronqvist Tietoevry: Avyttringar i fokus - Inderes

Här är en ny analys av Tietoevry. Det är värt att läsa.                    Inderes              Tietoevry: Business demergers in focus  - Inderes    Tietoevry's Q4 was operationally in line with expectations, guidance was slightly soft and dividend a bit below expectations. Driven by a challenging market, we cut our forecasts a tad.                             Tietoevry’s Q4 was operationally in line with expectations, guidance was slightly soft and dividend a bit below expectations. Driven by a challenging market, we cut our forecasts a tad. We expect the earnings to be at the level of the comparison period, due to a challenging market, but to grow moderately in the coming years. Our forecasts are clearly below the company’s target levels. The share’s valuation picture is still moderate from several angles (2024e P/E 14x, adj. P/E 10x, DCF EUR 29, SOTP EUR 28 and expected return ~15%) and business areas to be demerged provide drivers to dissolve the undervaluation.

@joni.gronqvist  har gjort en intressant analys av Tietoevry.  Enligt min åsikt är detta ett “boomer”-företag inom branschen, det vill säga tråkigt men säkert på lång sikt.                    Inderes              Tietoevry: Price rise has reversed the clearest undervaluation - Inderes    Tietoevry’s comments in the analyst call were in line with earlier. Uncertainty remains in a few areas, while the demand for the software business continues as good. Our forecasts include a milder decline in the areas that suffer from the market, and...                             Tietoevry’s comments in the analyst call were in line with earlier. Uncertainty remains in a few areas, while the demand for the software business continues as good. Our forecasts include a milder decline in the areas that suffer from the market, and our forecasts for the full year are at the bottom of the guidance. Thus, there is still a slight risk of a profit warning for Q4. On the other hand, we believe the stock market is well aware of this risk. The price increase has reversed the clearest short-term undervaluation (adj. 2024 EV/ EBIT 9x).

Det här företaget är ganska boomer som aktör inom sitt område, hehehe. Jag menar inte att det är dåligt!  Förbättrade tillväxtutsikter är tydliga på flera nivåer. Särskilt har andelen mycket lönsam verksamhet inom programvaruproduktion ökat betydligt, vilket bådar gott för framtida framgångar. Samtidigt har andelen nya moderna IT-tjänster också ökat, vilket stärker positionen på moderna marknader. Företagsförvärv och försäljningar av icke-strategiska affärsområden har också varit en del av denna tillväxtstrategi, vilket har medfört effektivitet och kostnadsbesparingar. Å andra sidan bör det noteras att konkurrensläget har försämrats på stora kundsegment. Den pågående transformationen och förändringsprocesserna kan skapa utmaningar genom att kräva kontinuerlig anpassning och omstrukturering. Dessutom utgör ökad löneinflation, hög personalomsättning och misslyckande i konkurrensen om kompetens potentiella risker som kräver uppmärksamhet och effektiv hantering för att behålla företagets konkurrenskraft och framgång på lång sikt.

Tietoevry

Tietoevry's Q3 was well in line with our expectations in terms of operational activities and comments. We made only minor adjustments to our forecasts and expect moderate earnings growth from the company driven by revenue and profitability. Tietoevry's good track record maintain confidence in continued positive development in the coming years, although our estimates are clearly below the company's target level.

<p>Tietoevry's Q3 was well in line with our expectations in terms of operational activities and comments. We made only minor adjustments to our forecasts and expect moderate earnings growth from the company driven by revenue and profitability. Tietoevry's good track record maintain confidence in continued positive development in the coming years, although our estimates are clearly below the company's target level. The share's valuation picture is still attractive from several angles (2023e P/E 13x, adj. P/E 10x, DCF EUR 30, SOTP EUR 31 and expected return over 15%) and business areas to be separated provide drivers to dismantle the undervaluation.</p> 

	2022	23e	24e
Revenue	2,928.1	2,848.7	2,911.9
growth-%	3.71 %	-2.71 %	2.22 %
EBIT (adj.)	379.0	359.6	374.9
EBIT-% (adj.)	12.95 %	12.62 %	12.88 %
EPS (adj.)	2.35	2.19	2.27
Dividend	1.45	1.50	1.55
Dividend %	5.47 %	9.05 %	9.35 %
P/E (adj.)	11.29	7.58	7.29
EV/EBITDA	8.99	7.10	6.21

Tietoevry: Stable return potential at a discount

Tietoevry

Key Estimate Figures2023-10-26

Tietoevry

Key Estimate Figures2023-10-26

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