Terveystalo Oyj Valuation

Is TTALO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TTALO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTALO (€9.75) is trading below our estimate of fair value (€23.78)

Significantly Below Fair Value: TTALO is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTALO?

Key metric: As TTALO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TTALO. This is calculated by dividing TTALO's market cap by their current revenue.
What is TTALO's PS Ratio?
PS Ratio0.9x
Sales€1.33b
Market Cap€1.24b

Price to Sales Ratio vs Peers

How does TTALO's PS Ratio compare to its peers?

The above table shows the PS ratio for TTALO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.2x
PIHLIS Pihlajalinna Oyj
0.3x-6.7%€243.9m
HEALTH Nightingale Health Oyj
41.3x42.4%€181.0m
REG1V Revenio Group Oyj
7x12.2%€758.5m
OKDBV Oriola Oyj
0.1x4.8%€171.8m
TTALO Terveystalo Oyj
0.9x3.2%€1.2b

Price-To-Sales vs Peers: TTALO is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (12.2x).


Price to Sales Ratio vs Industry

How does TTALO's PS Ratio compare vs other companies in the European Healthcare Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
TTALO 0.9xIndustry Avg. 0.6xNo. of Companies13PS00.61.21.82.43+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TTALO is expensive based on its Price-To-Sales Ratio (0.9x) compared to the European Healthcare industry average (0.6x).


Price to Sales Ratio vs Fair Ratio

What is TTALO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTALO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: TTALO is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTALO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.75
€11.68
+19.7%
4.4%€12.10€10.80n/a4
Nov ’25€10.04
€11.55
+15.0%
3.9%€12.00€10.80n/a4
Oct ’25€9.62
€10.95
+13.8%
4.5%€11.60€10.20n/a4
Sep ’25€10.12
€10.95
+8.2%
4.5%€11.60€10.20n/a4
Aug ’25€10.26
€10.95
+6.7%
4.5%€11.60€10.20n/a4
Jul ’25€8.65
€10.00
+15.6%
4.9%€10.50€9.20n/a4
Jun ’25€8.89
€9.70
+9.1%
6.0%€10.50€9.10n/a4
May ’25€8.71
€9.70
+11.4%
6.0%€10.50€9.10n/a4
Apr ’25€7.54
€9.06
+20.2%
7.5%€10.00€8.00n/a5
Mar ’25€7.20
€9.06
+25.8%
7.5%€10.00€8.00n/a5
Feb ’25€7.94
€9.02
+13.6%
7.9%€10.00€8.00n/a5
Jan ’25€7.74
€9.02
+16.5%
7.9%€10.00€8.00n/a5
Dec ’24€7.28
€9.02
+23.9%
7.9%€10.00€8.00n/a5
Nov ’24€6.70
€9.10
+35.8%
8.1%€10.00€8.00€10.045
Oct ’24€7.56
€9.30
+23.0%
8.0%€10.00€8.00€9.625
Sep ’24€7.85
€9.30
+18.5%
8.0%€10.00€8.00€10.125
Aug ’24€7.31
€9.30
+27.2%
8.0%€10.00€8.00€10.265
Jul ’24€8.26
€9.84
+19.1%
7.2%€11.00€9.00€8.655
Jun ’24€7.98
€9.68
+21.3%
9.3%€11.00€8.40€8.895
May ’24€7.93
€9.44
+19.0%
10.0%€11.00€8.40€8.715
Apr ’24€7.02
€9.30
+32.5%
11.2%€11.00€8.30€7.545
Mar ’24€7.15
€9.30
+30.1%
11.2%€11.00€8.30€7.205
Feb ’24€7.19
€9.04
+25.7%
15.8%€11.00€7.30€7.945
Jan ’24€6.25
€8.59
+37.4%
18.2%€11.00€7.25€7.745
Dec ’23€6.41
€8.59
+34.0%
18.2%€11.00€7.25€7.285
Nov ’23€6.15
€8.59
+39.7%
18.2%€11.00€7.25€6.705

Analyst Forecast: Target price is less than 20% higher than the current share price.


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