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
  availableLanguages
  pageUrl
  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
    }
  }
}


innofactor-firmer-and-more-stable-base-earnings-growth

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Analytiker

Joni Grönqvist

Innofactor är verksamt inom IT-sektorn. Bolaget är inriktade mot att erbjuda tjänster inom digitalisering och molnbaserade lösningar. Exempel på affärsområden inkluderar försäljning, marknad och kommunikation, business intelligence, samt CRM (Customer Relationship Management). Störst närvaro återfinns inom den nordiska marknaden och kunderna består av små- och medelstora företagskunder. Huvudkontoret ligger i Esbo.

@joni.gronqvist har gjort en utmärkt analys av detta företag.  Onni Bidco’s tender offer for Innofactor’s shares fell about 10% short of the target of more than 90% during the first offer period, and the company has therefore decided to extend its offer. Innofactor also made several other announcements yesterday, the most important of which was a negative profit warning on revenue and EBITDA, which led us to slightly lower our forecasts. In our view, the offer is still a good one for shareholders from a number of perspectives and we believe there is a strong likelihood that the offer will be successful. We reiterate our target price of EUR 1.68 and our Reduce recommendation and also recommend accepting the offer.                   Inderes              Innofactor: Offer likely to succeed in due course - Inderes    Onni Bidco's tender offer for Innofactor's shares fell about 10% short of the target of more than 90% during the first offer period, and the company has therefore decided to extend its offer. Innofactor also made several other announcements...

Många hade återigen höga förväntningar på Innofactor, men företaget svek förväntningarna. Finns det långsiktiga tillväxtdrivkrafter i företaget?  Det är värt att läsa denna färska analys: Innofactor’s Q2 results fell short of expectations as the challenging market also impacted the company’s performance. New sales remain challenging, although the order book increased from the previous quarter. In particular, we lowered our earnings forecasts for the coming years due to new sales and the challenge of managing billing rates. We expect that the company will have to issue a profit warning for the current year. With our forecasts (2024e P/E 11x and EV/EBIT 9x), the stock’s valuation picture is rather neutral, although there is clear upside in the longer term. We lower Innofactor’s target price to EUR 1.20 (was 1.55) reflecting estimate revisions. We also lower our recommendation to Decrease (was Accumulate).                   Inderes              Innofactor Q2'24: Innofactor also faces market challenges - Inderes    Innofactor's Q2 results fell short of expectations as the challenging market also impacted the company's performance. New sales remain challenging, although the order book increased from the previous quarter.

Många har sagt till mig att detta företag är attraktivt och billigt… Själv är jag inte så entusiastisk över företaget.  Här är en analytikers kommentar till den senaste nyheten om företaget:                   Inderes              Innofactor's Lumagate trial concluded - Inderes    Innofactor announced that the arbitration tribunal has awarded the case for the benefit of the defendant in the Lumagate acquisition. As a result, Innfoactor will not receive the previously awarded damages of 2.3 MEUR in full.

Innofactor kommer att publicera sin rapport för första kvartalet på tisdag, och här är analytikerns kommentarer i samband med det.  Innofactor will publish its Q1 report on Tuesday at 9:00 am EEST. We estimate revenue growth to have slowed slightly in Q1, but to have been good given the challenging market environment. Additionally, we predict profitability to have been at a satisfactory level and slightly below the comparison period. In Q4, the company started to report on its business areas and revenue structure, which has significantly improved the visibility on earnings drivers.                   Inderes              Innofactor Q1 on Tuesday: Satisfactory quarter by the company's standards...    Innofactor will publish its Q1 report on Tuesday at 9:00 am EEST. We estimate revenue growth to have slowed slightly in Q1, but to have been good given the challenging market environment.

The following analysis is about two months old, but it’s still worth reading.                     Inderes              Innofactor: Good performance continues in a challenging market - Inderes    Innofactor's net sales continued growing very strongly considering the challenging market. Profitability was at a good level and exceeded our expectations quite clearly. The order book decreased and supports the next few quarters, but Innofactor must...                             Innofactor’s net sales continued growing very strongly considering the challenging market. Profitability was at a good level and exceeded our expectations quite clearly. The order book decreased and supports the next few quarters, but Innofactor must succeed in new sales, which it had confidence in. We expect moderate organic growth in the coming years and slight profitability improvement. With our estimates the share’s valuation (2023e P/E 10x and EV/EBIT 9x) is still attractive, considering the stronger base for earnings growth although uncertainty in the IT market is still elevated.

Jag lade även upp den här avslappnade och korta videon här, där du diskuterade med Isa om Innofactor.                När kommer företaget att återvända till kursnivåerna från början av 2000-talet?

Startade kedjan på en av våra intressanta IT-konsulter från Finland, som också har verksamhet i Sverige, Danmark och Norge. Innofactor är en Microsoft fokuserad IT-konsult med en bra del fortlöpande omsättning och egna produkter. Nedan vår 50 sidor långa rapport om bolagets affärsmodell, marknaden, konkurransen, strategin, historiska utvecklingen, estimaten, investerar profilen och så klart värderingen  Kommentera gärna Innofactor, Microsoft och IT-konsult relaterade ämnen i kedjan                    Inderes — Connecting Investors and Companies              Innofactor: A firmer and more stable base for earnings growth    Innofactor’s turnaround has progressed well for four years, driven by the pull of the Finnish business. In the short term, the market creates uncertainty, but Innofactor’s good base created ...

Innofactor

Innofactor’s turnaround has progressed well for four years, driven by the pull of the Finnish business. In the short term, the market creates uncertainty, but Innofactor’s good base created ...

<p>Innofactor’s turnaround has progressed well for four years, driven by the pull of the Finnish business. In the short term, the market creates uncertainty, but Innofactor’s good base created by the order book, recurring net sales and the public sector, provides support. Operationally focus still lies on developing a unified organization, where the foundation is in place, but it still requires evidence from outside Finland. We expect modest earnings growth this year and in the longer-term, stronger growth requires a solid Nordic business.</p> 

	2022	23e	24e
Omsättning	71,1	80,0	83,4
tillväxt-%	7,18 %	12,44 %	4,27 %
EBIT (adj.)	5,0	5,5	6,6
EBIT-%	7,06 %	6,86 %	7,92 %
EPS (adj.)	0,10	0,10	0,13
Utdelning	0,06	0,07	0,08
Direktavkastning	5,70 %	4,12 %	4,71 %
P/E (just.)	10,76	16,81	12,66
EV/EBITDA	6,47	8,57	7,21

Innofactor

Key Estimate Figures2023-09-10

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