Announcement • May 06
Siili Solutions Plc Announces CEO Changes Siili Solutions Plc announced that the Board of Directors of Siili Solutions Plc and CEO Tomi Pienimäki have agreed that Pienimäki will leave his position as Siili Solutions Plc’s CEO. Siili’s Board of Directors has appointed Markku Savusalo as the interim CEO. Savusalo has worked at Siili since 2015, latest in the position of VP Digital Engineering business line. The process for the selection of the new CEO has been started. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 3.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (3.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€28.9m market cap, or US$33.8m). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the IT industry in Finland. Total loss to shareholders of 80% over the past three years. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€28.2m market cap, or US$33.0m). Announcement • Apr 08
Siili Solutions plc Approves Dividend for the Financial Period 2025, Payable on 17 April 2026 The General Meeting of Siili Solutions Oyj resolved that, based on the adopted balance sheet for the financial period 2025, a dividend of EUR 0.07 per share will be paid from the Company’s distributable funds, that is, approximately EUR 0.57 million in total, and that the rest of the distributable funds be retained in equity. The dividend will be paid to shareholders who on the dividend record date 10 April 2026 are registered in the Company’s shareholders’ register held by Euroclear Finland Oy. In accordance with the proposal, the dividend will be paid on 17 April 2026. New Risk • Apr 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 108% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€28.1m market cap, or US$32.4m). Upcoming Dividend • Apr 02
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 17 April 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Finnish dividend payers (5.4%). Lower than average of industry peers (4.4%). Declared Dividend • Feb 13
Dividend reduced to €0.07 Dividend of €0.07 is 61% lower than last year. Ex-date: 9th April 2026 Payment date: 17th April 2026 Dividend yield will be 1.7%, which is lower than the industry average of 5.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €0.12 (down from €0.42 in FY 2024). Revenue: €108.5m (down 3.0% from FY 2024). Net income: €936.0k (down 73% from FY 2024). Profit margin: 0.9% (down from 3.1% in FY 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 7.6% decline forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 38% per year. Announcement • Dec 05
Siili Solutions Oyj Reaffirms Earnings Guidance for the Year 2025 Siili Solutions Oyj reaffirmed earnings guidance for the year 2025. For the year, the company expects group revenue for 2025 remains unchanged (EUR 108-130 million). Reported Earnings • Oct 24
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: €0.21 loss per share (down from €0.02 profit in 3Q 2024). Revenue: €24.0m (flat on 3Q 2024). Net loss: €1.71m (down €1.86m from profit in 3Q 2024). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates by 200%. Revenue is forecast to stay flat during the next 2 years compared to a 3.5% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 31% per year. Announcement • Oct 22
Siili Solutions Plc Provides Earnings Guidance for the Year 2025 Siili Solutions Plc provided earnings guidance for the year 2025. For the period, the company expects revenue between EUR 108 million to EUR 130 million. Major Estimate Revision • Aug 19
Consensus EPS estimates fall by 59% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €114.5m to €107.4m. EPS estimate also fell from €0.34 per share to €0.14 per share. Net income forecast to shrink 8.1% next year vs 31% growth forecast for IT industry in Finland . Consensus price target down from €7.50 to €5.90. Share price fell 3.6% to €5.40 over the past week. Announcement • Aug 18
Siili Solutions Oyj Announces CFO Changes Aleksi Kankainen, who has served as CFO of Siili Group and a member of the management team, will leave the company. He will continue in his role until the end of August 2025. Tuomas Toropainen (b. 1980) has been appointed as CFO of Siili Group and a member of the management team. He will assume his duties as CFO on 1 September 2025 and will report to CEO Tomi Pienimäki. Toropainen has previously served as CFO in several international technology companies, most recently at Nordcloud. He has extensive experience in strategic financial management, financing, investor relations, and business development, particularly in digital and technology-intensive environments. Price Target Changed • Aug 14
Price target decreased by 21% to €5.90 Down from €7.50, the current price target is provided by 1 analyst. New target price is 7.3% above last closing price of €5.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.43 last year. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: €0.041 (down from €0.15 in 2Q 2024). Revenue: €27.8m (down 5.6% from 2Q 2024). Net income: €368.0k (down 69% from 2Q 2024). Profit margin: 1.3% (down from 4.1% in 2Q 2024). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.0% decline forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 29% per year. New Risk • Jun 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€0 market cap, or US$0). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 23
First quarter 2025 earnings released: EPS: €0.05 (vs €0.07 in 1Q 2024) First quarter 2025 results: EPS: €0.05 (down from €0.07 in 1Q 2024). Revenue: €30.0m (flat on 1Q 2024). Net income: €370.0k (down 39% from 1Q 2024). Profit margin: 1.2% (down from 2.0% in 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 24% per year. Announcement • Apr 22
Siili Solutions Oyj Provides Revenue Guidance for 2025 Siili Solutions Oyj provided revenue guidance for 2025. For the year, the company expects revenue to be EUR 108-130 million. Upcoming Dividend • Apr 02
Upcoming dividend of €0.18 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Finnish dividend payers (6.0%). Lower than average of industry peers (7.5%). New Risk • Mar 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€49.8m market cap, or US$53.9m). Declared Dividend • Feb 16
Dividend reduced to €0.18 Dividend of €0.18 is 31% lower than last year. Ex-date: 9th April 2025 Payment date: 17th April 2025 Dividend yield will be 3.0%, which is lower than the industry average of 5.8%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 15
Siili Solutions Plc Proposes Dividend for the Financial Period 2024, Payable on 17 April 2025 Siili Solutions Plc announced that at the AGM to be held on 8 April 2025, proposed that, based on the adopted balance sheet for the financial period 2024, a dividend of EUR 0.18 per share be paid from the Company’s distributable funds, i.e., approximately EUR 1.46 million in total based on the status of the date of this meeting notice, and that the rest of the distributable funds be retained in equity. The dividend shall be paid to shareholders who on the dividend record date 10 April 2025 are registered in the Company’s shareholders’ register held by Euroclear Finland Oy. The Board of Directors proposes that the dividend be paid on 17 April 2025. Reported Earnings • Feb 14
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €0.43 (down from €0.61 in FY 2023). Revenue: €112.2m (down 8.6% from FY 2023). Net income: €3.45m (down 31% from FY 2023). Profit margin: 3.1% (down from 4.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 24% per year and the company’s share price has also fallen by 24% per year. Announcement • Feb 14
Siili Solutions Oyj to Report Fiscal Year 2024 Final Results on Mar 14, 2025 Siili Solutions Oyj announced that they will report fiscal year 2024 final results on Mar 14, 2025 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.86, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the IT industry in Finland. Total loss to shareholders of 53% over the past three years. Major Estimate Revision • Nov 21
Consensus EPS estimates increase by 57% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.23 to €0.36. Revenue forecast unchanged at €110.1m. Net income forecast to shrink 38% next year vs 11% growth forecast for IT industry in Finland . Consensus price target of €6.70 unchanged from last update. Share price rose 2.1% to €5.88 over the past week. Major Estimate Revision • Oct 24
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €113.7m to €110.1m. EPS estimate also fell from €0.37 per share to €0.23 per share. Net income forecast to shrink 38% next year vs 7.5% growth forecast for IT industry in Finland . Consensus price target down from €7.30 to €6.70. Share price fell 9.7% to €6.52 over the past week. Announcement • Oct 23
Siili Solutions Oyj, Annual General Meeting, Apr 08, 2025 Siili Solutions Oyj, Annual General Meeting, Apr 08, 2025. Location: helsinki Finland Announcement • Oct 15
Siili Solutions plc Appoints Maria Niiniharju as Member of Management Team, Effective November 1, 2024 Siili Solutions Plc makes changes in its management team and has appointed Maria Niiniharjuas Siili’s VP, Private Business and member of Siili’s management team as of 1 November 2024. Prior to her new role at Siili, Niinharju has worked at Futurice, where she has been responsible for new business development and client management for private sector clients. At Siili Niiniharju will be leading the company’s Private Business, that will include Siili’s Finance, Industry and Services business units. Her expertise will strengthen Siili’s position as an expert in leveraging AI among private sector clients. Announcement • Sep 20
Protector Forsikring ASA (OB:PROT) acquired an unknown minority stake in Siili Solutions Oyj (HLSE:SIILI). Protector Forsikring ASA (OB:PROT) acquired an unknown minority stake in Siili Solutions Oyj (HLSE:SIILI) on September 17, 2024. As a part of acquisition, the total holding of Protector Forsikring ASA in Siili’s shares and voting rights exceeded 5% of the share capital in Siili on September 17, 2024 as a result of acquisition of shares.
Protector Forsikring ASA (OB:PROT) completed the acquisition of an unknown minority stake in Siili Solutions Oyj (HLSE:SIILI) on September 17, 2024. Major Estimate Revision • Sep 19
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €117.0m to €113.7m. EPS estimate also fell from €0.48 per share to €0.37 per share. Net income forecast to grow 6.1% next year vs 12% growth forecast for IT industry in Finland. Consensus price target down from €8.20 to €7.30. Share price fell 9.5% to €7.24 over the past week. Announcement • Sep 17
Siili Solutions Oyj Lowers Group Financial Guidance for 2024 Siili Solutions Oyj lowers group financial guidance for 2024. The company expects now the group revenue for 2024 to be EUR 106-116 million. The previous guidance for the current year’s group revenue was EUR 120–140 million. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: €0.22 (vs €0.44 in 1H 2023) First half 2024 results: EPS: €0.22 (down from €0.44 in 1H 2023). Revenue: €59.2m (down 9.3% from 1H 2023). Net income: €1.80m (down 49% from 1H 2023). Profit margin: 3.0% (down from 5.4% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Aug 15
Siili Solutions plc Reaffirms Earnings Guidance for the Full Years 2024-2026 Siili Solutions Plc reaffirmed earnings guidance for the full years 2024-2026. Annual revenue growth of 20%, of which organic growth accounts for about half. From 2023 onwards, organic revenue growth will be calculated based on comparable revenue, reflecting changes in the corporate structure. Operating profit before amortization and impairment for fair value adjustments on acquisitions. Announcement • Aug 13
Siili Solutions Oyj Provides Earnings Guidance for the Year 2024 Siili Solutions Oyj provided earnings guidance for the year 2024. The financial guidance of revenue for 2024 is estimated to be EUR 120-140 million. Major Estimate Revision • Apr 26
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €121.7m to €117.5m. EPS estimate also fell from €0.63 per share to €0.49 per share. Net income forecast to shrink 20% next year vs 13% growth forecast for IT industry in Finland . Consensus price target down from €11.50 to €9.30. Share price fell 4.3% to €8.92 over the past week. Announcement • Apr 25
Siili Solutions Oyj Provides Revenue Guidance for 2024 Siili Solutions Oyj provided revenue guidance for 2024. The updated financial guidance of revenue for 2024 is estimated to be EUR 120–140 million. Announcement • Apr 04
Kenneth Lindfors Leaves His Position At Siili Solutions plc as Team Member and CCO Siili Solutions Plc announced that management team member and CCO Kenneth Lindfors leaves his position at Siili and Siili management team in April?2024. Moving forward business unit directors report directly to CEO Tomi Pienimäki. The change streamlines the Finnish operations by enabling each Business Unit Director to directly manage their commercial operations. Upcoming Dividend • Mar 28
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (2.1%). Announcement • Mar 07
Siili Solutions plc Announces Resignation of Kari Pirttikangas as Management Team Member and COO Siili Solutions Plc announced management team member and COO Kari Pirttikangas leaves his position at Siili and Siili management team in March 2024. Declared Dividend • Mar 01
Dividend increased to €0.26 Dividend of €0.26 is 30% higher than last year. Ex-date: 4th April 2024 Payment date: 12th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 5.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.61 (up from €0.49 in FY 2022). Revenue: €123.1m (up 4.1% from FY 2022). Net income: €4.99m (up 33% from FY 2022). Profit margin: 4.0% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Siili Solutions Oyj to Report Fiscal Year 2023 Results on Mar 08, 2024 Siili Solutions Oyj announced that they will report fiscal year 2023 results on Mar 08, 2024 Price Target Changed • Jan 31
Price target decreased by 21% to €11.50 Down from €14.50, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €9.38. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.63 for next year compared to €0.49 last year. Board Change • Jan 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Tero Ojanpera was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
Siili Solutions Oyj Announces Anu Nissinen and Kati Hagros Inform Not Stand for Re-Election to the Board Siili Solutions Oyj announced that Anu Nissinen and Kati Hagros have informed that they do not stand for re-election to the Board at the Annual General Meeting to be held on 3 April 2024. The Nomination Board of Siili Solutions Plc consists of the following persons: Heikki Westerlund, Lamy Oy, (Chair); Jukka Vähäpesola, Elo Mutual Pension Insurance Company; Timo Luhtaniemi, Erina Oy; Esko Torsti, Ilmarinen Mutual Pension Insurance Company; Harry Brade, Chair of the Board of Directors of Siili Solutions Plc. Announcement • Oct 24
Siili Solutions Oyj Updates Revenue Guidance for 2023 Siili Solutions Oyj updated revenue guidance for 2023. The updated financial guidance of revenue for 2023 is estimated to be EUR 120 million – EUR 140 million. The previous guidance for the current year’s group revenue was EUR 125 million – EUR 145 million. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Tero Ojanpera was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.5m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (€91.5m market cap, or US$99.1m). Reported Earnings • Aug 18
First half 2023 earnings released: EPS: €0.38 (vs €0.44 in 1H 2022) First half 2023 results: EPS: €0.38. Revenue: €65.3m (up 11% from 1H 2022). Net income: €3.54m (up 14% from 1H 2022). Profit margin: 5.4% (up from 5.3% in 1H 2022). The increase in margin was driven by higher revenue. Announcement • Aug 18
Siili Solutions Oyj to Report Q3, 2023 Results on Oct 24, 2023 Siili Solutions Oyj announced that they will report Q3, 2023 results on Oct 24, 2023 Announcement • Aug 17
Siili Solutions Oyj Provides Updated Earnings Guidance for the Year 2023 Siili Solutions Oyj updated earnings guidance for the year 2023. For the period, Company now estimates revenue to be EUR 120 million to EUR 140 million against previous guidance of EUR 125 million to EUR 145 million. Buying Opportunity • Aug 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €15.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.5%. Price Target Changed • Jul 16
Price target decreased by 11% to €16.00 Down from €18.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of €13.30. Stock is down 9.5% over the past year. The company posted earnings per share of €0.49 last year. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €13.65, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the IT industry in Finland. Total returns to shareholders of 65% over the past three years. Upcoming Dividend • Mar 24
Upcoming dividend of €0.20 per share at 1.3% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Finnish dividend payers (5.1%). Lower than average of industry peers (4.5%). Buying Opportunity • Mar 03
Now 20% undervalued Over the last 90 days, the stock is up 7.9%. The fair value is estimated to be €20.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 27% per annum over the same time period. Buying Opportunity • Feb 06
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €20.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be €18.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Announcement • Oct 06
Siili Solutions Oyj (HLSE:SIILI) acquired Haallas Finland Oy from Valamis Group Oy. Siili Solutions Oyj (HLSE:SIILI) acquired Haallas Finland Oy from Valamis Group Oy on October 4, 2022. Haallas Finland has a revenue of approximately €5.8 million and EBITDA was approximately €0.9 million in 2021. The acquisition brings with it new growth opportunities by joining forces of both Siili Solutions and Haallas Finland.
Siili Solutions Oyj (HLSE:SIILI) completed the acquisition of Haallas Finland Oy from Valamis Group Oy on October 4, 2022. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: €0.44 (vs €0.29 in 1H 2021) First half 2022 results: EPS: €0.44 (up from €0.29 in 1H 2021). Revenue: €59.0m (up 21% from 1H 2021). Net income: €3.12m (up 56% from 1H 2021). Profit margin: 5.3% (up from 4.1% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.1%, compared to a 4.9% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year. Announcement • Jul 20
Siili Solutions Oyj to Report First Half, 2022 Results on Aug 18, 2022 Siili Solutions Oyj announced that they will report first half, 2022 results on Aug 18, 2022 Price Target Changed • May 01
Price target decreased to €16.00 Down from €17.50, the current price target is provided by 1 analyst. New target price is 6.3% above last closing price of €15.05. Stock is down 11% over the past year. The company posted earnings per share of €0.73 last year.