Solteq Oyj
Market Cap
€27.4m
Last Updated
2019/10/19 20:39 UTC
Data Sources
Company Financials +
Executive Summary
Solteq Oyj, an IT service and software company, provides digital business solutions in Finland, Sweden, Denmark, Poland, and the United Kingdom.
Snowflake
Fundamentals
Reasonable growth potential and fair value.
Share Price & News
How has Solteq Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
SOLTEQ
1.0%
FI Software
0.8%
FI Market
1 Year Return
1.4%
SOLTEQ
17.1%
FI Software
5.5%
FI Market
Return vs Industry: SOLTEQ underperformed the Finnish Software industry which returned 17.1% over the past year.
Return vs Market: SOLTEQ underperformed the Finnish Market which returned 5.5% over the past year.
Shareholder returns
| SOLTEQ | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 1.0% | 0.8% |
| 30 Day | -5.3% | -3.3% | 0.6% |
| 90 Day | 0% | 7.1% | 2.7% |
| 1 Year | 1.4%1.4% | 17.9%17.1% | 10.4%5.5% |
| 3 Year | -15.4%-17.9% | -9.0%-12.3% | 29.6%14.2% |
| 5 Year | 6.1%-0.7% | 1.7%-4.0% | 62.9%31.7% |
Price Volatility Vs. Market
How volatile is Solteq Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Are Solteq Oyj’s (HEL:SOLTEQ) Returns On Investment Worth Your While?2 weeks ago | Simply Wall St
Should We Be Cautious About Solteq Oyj's (HEL:SOLTEQ) ROE Of 4.2%?1 month ago | Simply Wall St
Could Solteq Oyj's (HEL:SOLTEQ) Investor Composition Influence The Stock Price?Valuation
Is Solteq Oyj undervalued compared to its fair value and its price relative to the market?
18.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SOLTEQ (€1.42) is trading below our estimate of fair value (€1.73)
Significantly Undervalued: SOLTEQ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SOLTEQ is good value based on its PE Ratio (29.8x) compared to the Software industry average (47.2x).
PE vs Market: SOLTEQ is poor value based on its PE Ratio (29.8x) compared to the Finnish market (20.2x).
Price to Earnings Growth Ratio
Low PEG Ratio: SOLTEQ is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SOLTEQ is good value based on its PB Ratio (1.2x) compared to the FI Software industry average (4.7x).
Next Steps
Future Growth
How is Solteq Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
26.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOLTEQ's forecast earnings growth (26.2% per year) is above the savings rate (0.5%).
Earnings vs Market: SOLTEQ's earnings (26.2% per year) are forecast to grow faster than the Finnish market (13.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SOLTEQ's revenue (3.8% per year) is forecast to grow faster than the Finnish market (2.1% per year).
High Growth Revenue: SOLTEQ's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SOLTEQ's Return on Equity is forecast to be low in 3 years time (11%).
Next Steps
Past Performance
How has Solteq Oyj performed over the past 5 years?
-34.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SOLTEQ's earnings have declined by -34.1% per year over the past 5 years.
Accelerating Growth: SOLTEQ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SOLTEQ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (9.1%).
Return on Equity
High ROE: SOLTEQ's Return on Equity (4.2%) is considered low.
Return on Assets
ROA vs Industry: SOLTEQ's Return on Assets is below or equal to the Software industry average last year.
Return on Capital Employed
ROCE Improving: SOLTEQ has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Solteq Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: SOLTEQ's short term assets (€17.8M) do not cover its short term liabilities (€21.7M)
Long Term Liabilities: SOLTEQ's short term assets (17.8M) do not cover its long term liabilities (31.2M)
Debt to Equity History and Analysis
Debt Level: SOLTEQ's debt to equity ratio (125.4%) is considered high
Reducing Debt: SOLTEQ's debt to equity ratio has increased from 15.6% to 125.4% over the past 5 years.
Debt Coverage: SOLTEQ's debt is well covered by operating cash flow (26.1%).
Interest Coverage: SOLTEQ's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: SOLTEQ has a low level of unsold assets or inventory.
Debt Coverage by Assets: SOLTEQ's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Solteq Oyj's current dividend yield, its reliability and sustainability?
2.82%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SOLTEQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SOLTEQ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if SOLTEQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOLTEQ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SOLTEQ is not paying a notable dividend for the Finnish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SOLTEQ's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.
Next Steps
Management
What is the CEO of Solteq Oyj's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Olli Väätäinen (53yo)
2.5yrs
Tenure
€287,000
Compensation
Mr. Olli Väätäinen serves as Chief Operating Officer of Kotipizza Oyj. Mr. Väätäinen has been Chief Executive Officer of Solteq Oyj since April 1, 2017. He served as the Chief Operating Officer and Member ...
CEO Compensation Analysis
Compensation vs. Market: Olli's total compensation ($USD319.71K) is above average for companies of similar size in the Finnish market ($USD0.00).
Compensation vs Earnings: Olli's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.5yrs
Average Tenure
44yo
Average Age
Experienced Management: SOLTEQ's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
1.0yrs
Average Tenure
44yo
Average Age
Experienced Board: SOLTEQ's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Olli Väätäinen (53yo)
Chief Executive Officer
- Tenure: 2.5yrs
- Compensation: €287.00k
Timo Viitanen
Head of Customer Specifi C Solutions Business Unit & Senior Advisor
- Tenure: 0yrs
Urpo Karjalainen
Head of Retail and Wholesale Business Unit
- Tenure: 0yrs
Nina Danilotschkin
Senior Consultant
- Tenure: 11.2yrs
Kirsi Jalasaho (45yo)
Vice President of People & Culture
- Tenure: 2.5yrs
Juha Rokkanen (50yo)
Executive Vice President of Digital Services
- Tenure: 0yrs
Mikko Sairanen (34yo)
General Counsel
- Tenure: 5.1yrs
Martti Nurminen (40yo)
Chief Financial Officer
- Tenure: 1.5yrs
Ilkka Brander (43yo)
Executive VP of Core Business Solutions
- Tenure: 0yrs
Matti Djateu (44yo)
Chief Digital Officer
- Tenure: 2.3yrs
Board Members
Aarne Aktan (46yo)
Independent Director
- Tenure: 4yrs
- Compensation: €23.00k
Mika Uotila (48yo)
Independent Director
- Tenure: 4yrs
- Compensation: €24.00k
Markku Pietilä (62yo)
Independent Chairman of the Board
- Tenure: 0yrs
- Compensation: €42.00k
Panu Porkka (42yo)
Independent Director
- Tenure: 0.8yrs
Lotta Kopra (39yo)
Independent Director
- Tenure: 1yrs
Katarina Segerståhl (38yo)
Independent Director
- Tenure: 0.8yrs
Company Information
Solteq Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Solteq Oyj
- Ticker: SOLTEQ
- Exchange: HLSE
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: €27.415m
- Shares outstanding: 19.31m
- Website: https://www.solteq.com
Number of Employees
Location
- Solteq Oyj
- Karhumäentie 3
- 5th Floor
- Vantaa
- 1530
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SOLTEQ | HLSE (OMX Nordic Exchange Helsinki) | Yes | Ordinary Shares | FI | EUR | Sep 1999 |
| 0G5H | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Sep 1999 |
Biography
Solteq Oyj, an IT service and software company, provides digital business solutions in Finland, Sweden, Denmark, Poland, and the United Kingdom. The company offers Deep Vision, a service for identifying is ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:39 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.