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Solteq Oyj

HLSE:SOLTEQ
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOLTEQ
HLSE
€28M
Market Cap
  1. Home
  2. FI
  3. Software
Company description

Solteq Oyj provides digital business solutions in Finland and internationally. The last earnings update was 35 days ago. More info.


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SOLTEQ Share Price and Events
7 Day Returns
-2%
HLSE:SOLTEQ
1.9%
FI Software
0.8%
FI Market
1 Year Returns
-3.7%
HLSE:SOLTEQ
-9.2%
FI Software
3.5%
FI Market
SOLTEQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solteq Oyj (SOLTEQ) -2% 2.8% 0.3% -3.7% -16.2% -1.4%
FI Software 1.9% 3.5% -6.3% -9.2% -21.6% -3.9%
FI Market 0.8% 2.1% 5.8% 3.5% 27.5% 38.7%
1 Year Return vs Industry and Market
  • SOLTEQ outperformed the Software industry which returned -9.2% over the past year.
  • SOLTEQ underperformed the Market in Finland which returned 3.5% over the past year.
Price Volatility
SOLTEQ
Industry
5yr Volatility vs Market

Value

 Is Solteq Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Solteq Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Solteq Oyj.

HLSE:SOLTEQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:SOLTEQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.137 (1 + (1- 20%) (100.95%))
1.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.707 * 6.51%)
11.65%

Discounted Cash Flow Calculation for HLSE:SOLTEQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Solteq Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:SOLTEQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.65%)
2019 4.30 Analyst x1 3.85
2020 2.70 Analyst x1 2.17
2021 4.10 Analyst x1 2.95
2022 4.40 Analyst x1 2.83
2023 4.50 Analyst x1 2.59
2024 4.58 Est @ 1.74% 2.36
2025 4.64 Est @ 1.38% 2.15
2026 4.69 Est @ 1.13% 1.94
2027 4.74 Est @ 0.95% 1.76
2028 4.78 Est @ 0.83% 1.59
Present value of next 10 years cash flows €24.18
HLSE:SOLTEQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €4.78 × (1 + 0.54%) ÷ (11.65% – 0.54%)
€43.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €43.22 ÷ (1 + 11.65%)10
€14.36
HLSE:SOLTEQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €24.18 + €14.36
€38.54
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €38.54 / 19.31
€2
HLSE:SOLTEQ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.00
Current discount Discount to share price of €1.45
= -1 x (€1.45 - €2.00) / €2.00
27.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Solteq Oyj is available for.
Intrinsic value
27%
Share price is €1.45 vs Future cash flow value of €2
Current Discount Checks
For Solteq Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solteq Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Solteq Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Solteq Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solteq Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:SOLTEQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.02
HLSE:SOLTEQ Share Price ** HLSE (2019-04-24) in EUR €1.45
Finland Software Industry PE Ratio Median Figure of 7 Publicly-Listed Software Companies 59.87x
Finland Market PE Ratio Median Figure of 108 Publicly-Listed Companies 19.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solteq Oyj.

HLSE:SOLTEQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:SOLTEQ Share Price ÷ EPS (both in EUR)

= 1.45 ÷ 0.02

78.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solteq Oyj is overvalued based on earnings compared to the FI Software industry average.
  • Solteq Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Solteq Oyj's expected growth come at a high price?
Raw Data
HLSE:SOLTEQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 78.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
33.4%per year
Finland Software Industry PEG Ratio Median Figure of 5 Publicly-Listed Software Companies 1.95x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.7x

*Line of best fit is calculated by linear regression .

HLSE:SOLTEQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 78.21x ÷ 33.4%

2.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solteq Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Solteq Oyj's assets?
Raw Data
HLSE:SOLTEQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.13
HLSE:SOLTEQ Share Price * HLSE (2019-04-24) in EUR €1.45
Finland Software Industry PB Ratio Median Figure of 13 Publicly-Listed Software Companies 4.9x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 2.01x
HLSE:SOLTEQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:SOLTEQ Share Price ÷ Book Value per Share (both in EUR)

= 1.45 ÷ 1.13

1.28x

* Primary Listing of Solteq Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solteq Oyj is good value based on assets compared to the FI Software industry average.
X
Value checks
We assess Solteq Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Solteq Oyj has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Solteq Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solteq Oyj expected to grow at an attractive rate?
  • Solteq Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Solteq Oyj's earnings growth is expected to exceed the Finland market average.
  • Solteq Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:SOLTEQ Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:SOLTEQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 33.4%
HLSE:SOLTEQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.2%
Finland Software Industry Earnings Growth Rate Market Cap Weighted Average 38.6%
Finland Software Industry Revenue Growth Rate Market Cap Weighted Average 14.2%
Finland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
Finland Market Revenue Growth Rate Market Cap Weighted Average 1.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:SOLTEQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:SOLTEQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9
2022-12-31 68 9 3 1
2021-12-31 66 9 3 1
2020-12-31 64 7 2 1
2019-12-31 62 9 2 1
HLSE:SOLTEQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 57 8 0
2018-09-30 65 5 0
2018-06-30 64 3 -1
2018-03-31 63 -1 -1
2017-12-31 51 -2 -2
2017-09-30 56 -3 -1
2017-06-30 58 0 0
2017-03-31 61 0 0
2016-12-31 63 4 5
2016-09-30 66 1 4
2016-06-30 67 1 4
2016-03-31 61 3 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solteq Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Solteq Oyj's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:SOLTEQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Solteq Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:SOLTEQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.18 0.18 0.18 1.00
2021-12-31 0.14 0.14 0.14 1.00
2020-12-31 0.12 0.12 0.12 1.00
2019-12-31 0.09 0.09 0.09 1.00
HLSE:SOLTEQ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.02
2018-09-30 -0.01
2018-06-30 -0.05
2018-03-31 -0.03
2017-12-31 -0.08
2017-09-30 -0.04
2017-06-30 -0.02
2017-03-31 0.00
2016-12-31 0.26
2016-09-30 0.23
2016-06-30 0.24
2016-03-31 0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Solteq Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Solteq Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solteq Oyj has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Solteq Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Solteq Oyj's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solteq Oyj's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Solteq Oyj has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Solteq Oyj has become profitable in the last year making it difficult to compare the Europe Software industry average.
Earnings and Revenue History
Solteq Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solteq Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:SOLTEQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 56.89 0.36 2.94
2018-09-30 65.29 -0.27 2.29
2018-06-30 64.12 -0.97 2.29
2018-03-31 63.37 -0.55 2.29
2017-12-31 50.77 -1.51 2.29
2017-09-30 56.04 -0.76 2.22
2017-06-30 57.94 -0.45 2.22
2017-03-31 60.86 -0.07 2.22
2016-12-31 63.14 4.61 2.22
2016-09-30 65.81 4.06 2.63
2016-06-30 67.16 4.10 2.63
2016-03-31 60.58 4.15 2.63
2015-12-31 54.34 0.10 2.63
2015-09-30 46.09 1.18 1.26
2015-06-30 39.50 1.94 1.26
2015-03-31 40.20 1.83 1.26
2014-12-31 40.93 1.89 1.26
2014-09-30 38.54 1.58 1.29
2014-06-30 38.80 1.72 1.29
2014-03-31 38.00 1.67 1.29
2013-12-31 38.12 1.62 1.29
2013-09-30 39.51 1.81 1.21
2013-06-30 39.44 1.70 1.21
2013-03-31 40.15 1.56 1.21
2012-12-31 39.02 1.70 1.21
2012-09-30 35.46 1.36 0.73
2012-06-30 32.27 1.22 0.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Solteq Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solteq Oyj used its assets less efficiently than the FI Software industry average last year based on Return on Assets.
  • Solteq Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Solteq Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solteq Oyj has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Solteq Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Solteq Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solteq Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Solteq Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Solteq Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Solteq Oyj Company Filings, last reported 3 months ago.

HLSE:SOLTEQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21.80 28.26 5.35
2018-09-30 21.59 25.61 1.61
2018-06-30 21.55 25.44 2.41
2018-03-31 22.03 25.35 2.07
2017-12-31 20.52 25.86 1.55
2017-09-30 21.01 25.16 0.84
2017-06-30 21.78 25.15 3.17
2017-03-31 19.98 25.46 5.73
2016-12-31 20.31 25.75 8.48
2016-09-30 19.85 27.65 10.09
2016-06-30 20.24 27.82 9.54
2016-03-31 19.77 27.29 11.01
2015-12-31 15.41 28.41 2.62
2015-09-30 15.60 27.47 3.32
2015-06-30 11.79 1.77 1.14
2015-03-31 11.64 1.85 1.84
2014-12-31 11.71 4.44 2.53
2014-09-30 11.48 2.71 1.53
2014-06-30 11.18 3.02 1.06
2014-03-31 10.79 3.18 1.96
2013-12-31 10.85 5.56 2.37
2013-09-30 10.72 3.97 2.39
2013-06-30 10.26 4.45 1.82
2013-03-31 9.87 4.56 2.17
2012-12-31 10.08 6.43 1.24
2012-09-30 9.46 5.10 0.50
2012-06-30 9.60 5.33 0.39
  • Solteq Oyj's level of debt (129.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51% vs 129.7% today).
  • Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Solteq Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solteq Oyj has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Solteq Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Solteq Oyj dividends. Estimated to be 2.76% next year.
If you bought €2,000 of Solteq Oyj shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Solteq Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solteq Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:SOLTEQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1.3%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.1%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.2%
Finland Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:SOLTEQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.05 1.00
2020-12-31 0.04 1.00
2019-12-31 0.03 1.00
HLSE:SOLTEQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-10-25 0.000 0.000
2018-08-10 0.000 0.000
2018-04-26 0.000 0.000
2018-02-16 0.000 0.000
2017-03-17 0.050 3.092
2016-10-25 0.000 0.000
2016-07-15 0.000 0.000
2016-04-21 0.000 0.000
2016-02-19 0.000 0.000
2015-02-13 0.030 1.735
2014-02-14 0.060 4.146
2013-02-15 0.040 2.677
2012-07-17 0.000 0.000
2012-04-25 0.000 0.000
2011-10-20 0.000 0.000
2011-07-22 0.000 0.000
2011-04-28 0.000 0.000
2011-03-17 0.000 0.000
2010-03-26 0.060 5.230

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Solteq Oyj has not reported any payouts.
  • Unable to verify if Solteq Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Solteq Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Solteq Oyj has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Solteq Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solteq Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solteq Oyj has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Solteq Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olli Väätäinen
COMPENSATION €287,000
AGE 52
TENURE AS CEO 2 years
CEO Bio

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 of Management Board of Kotipizza Group Oyj from January 2015 to March 31, 2017. He served as a Director of Kotipizza Group Oyj until January 2015. He served as the Chief Executive Officer at Sofia Digital Ltd, Yomi Group and Yomi Vision Oy. Mr. Väätäinen was an Industrial Advisor and a Senior Advisor at Sentica Partners Oy. Mr. Väätäinen was an Entrepreneur and Managing Director of Yomi Ltd., Yomi Media Ltd., Yomi Vision Ltd., and Yomi Solutions Ltd. He started his first technology company over 25 years ago. Mr. Väätäinen serves as the Chairman of the Board of Corbe. He served as Director of Solteq Oyj since October 19, 2015 until March 17, 2017. He serves as a Director of Frankis Group Oyj and Silta Oy. Mr. Väätäinen served as a Director of KSP Group Plc and Descom Oy. Mr. Väätäinen was the Chairman of Innofactor Business Solutions Oy.

CEO Compensation
  • Olli's compensation has increased in line with Solteq Oyj recently becoming profitable.
  • Olli's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Solteq Oyj management team in years:

2
Average Tenure
43
Average Age
  • The tenure for the Solteq Oyj management team is about average.
Management Team

Olli Väätäinen

TITLE
Chief Executive Officer
COMPENSATION
€287K
AGE
52
TENURE
2 yrs

Martti Nurminen

TITLE
Chief Financial Officer
AGE
39
TENURE
1 yrs

Mikko Sairanen

TITLE
General Counsel
AGE
33
TENURE
4.6 yrs

Juha Rokkanen

TITLE
Executive Vice President of Digital Services
AGE
49

Kirsi Jalasaho

TITLE
Vice President of People & Culture
AGE
44
TENURE
2 yrs

Timo Viitanen

TITLE
Head of Customer Specifi C Solutions Business Unit & Senior Advisor

Urpo Karjalainen

TITLE
Head of Retail and Wholesale Business Unit

Ilkka Brander

TITLE
Executive VP of Core Business Solutions
AGE
42

Matti Djateu

TITLE
Chief Digital Officer
AGE
43
TENURE
1.8 yrs

Nina Danilotschkin

TITLE
Senior Consultant
TENURE
10.7 yrs
Board of Directors Tenure

Average tenure and age of the Solteq Oyj board of directors in years:

0.5
Average Tenure
43
Average Age
  • The average tenure for the Solteq Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Markku Pietilä

TITLE
Chairman of the Board
COMPENSATION
€42K
AGE
61

Mika Uotila

TITLE
Director
COMPENSATION
€24K
AGE
47
TENURE
3.5 yrs

Aarne Aktan

TITLE
Director
COMPENSATION
€23K
AGE
45
TENURE
3.5 yrs

Lotta Kopra

TITLE
Director
AGE
38
TENURE
0.5 yrs

Katarina Segerståhl

TITLE
Independent Director
AGE
37
TENURE
0.3 yrs

Panu Porkka

TITLE
Independent Director
AGE
41
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Solteq Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solteq Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why We’re Not Impressed By Solteq Oyj’s (HEL:SOLTEQ) 5.8% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should You Be Concerned About Solteq Oyj's (HEL:SOLTEQ) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Solteq Oyj has a return on equity of 1.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What does Solteq Oyj's (HEL:SOLTEQ) Balance Sheet Tell Us About Its Future?

Solteq Oyj (HEL:SOLTEQ) is a small-cap stock with a market capitalization of €27m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Software companies,

Simply Wall St -

Understanding Your Return On Investment In Solteq Oyj (HEL:SOLTEQ)

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Solteq Oyj is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Is Solteq Oyj's (HEL:SOLTEQ) Balance Sheet Strong Enough To Weather A Storm?

Solteq Oyj (HEL:SOLTEQ) is a small-cap stock with a market capitalization of €28m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Why Solteq Oyj's (HEL:SOLTEQ) Ownership Structure Is Important

Today, I will be analyzing Solteq Oyj’s (HEL:SOLTEQ) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Therefore, it is beneficial for us to examine SOLTEQ's ownership structure in more detail.

Simply Wall St -

What You Must Know About Solteq Oyj's (HEL:SOLTEQ) Financial Strength

Investors are always looking for growth in small-cap stocks like Solteq Oyj (HEL:SOLTEQ), with a market cap of €30.50m. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Software industry,

Simply Wall St -

Is Solteq Oyj (HEL:SOLTEQ) Growing Too Fast?

Additional cash raising may dilute the value of your shares, and since Solteq Oyj is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … The measure of how fast Solteq Oyj goes through its cash reserves over time is called the cash burn rate. … Not surprisingly, if Solteq Oyj continues to ramp up expenditure at this rate for the upcoming year, it’ll likely need to come to market within the next few months, given the its current level of cash reserves.

Simply Wall St -

Why You Should Be Bearish On Solteq Oyj (HEL:SOLTEQ)

Alarm bells rang in my head when I saw SOLTEQ's debt level exceeds equity on its balance sheet, and its high cash expenses leading to negative cash profit from operations. … SOLTEQ has poor near-term liquidity, with short term assets (cash and other liquid assets) unable to cover its upcoming liabilities in the next year, let alone longer term liabilities. … One reason I do like SOLTEQ as a business is its low level of fixed assets on its balance sheet (3.38% of total assets).

Simply Wall St -

Is Solteq Oyj (HEL:SOLTEQ) Undervalued?

Another thing to keep in mind is that Solteq Oyj’s share price is quite stable relative to the rest of the market, as indicated by its low beta. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Company Info

Description

Solteq Oyj provides digital business solutions in Finland and internationally. The company offers business solutions, including LS Nav, a solution for omnichannel commerce; LS Nav Hospitality, a solution for restaurants and dining chains; SAP and Microsft Dynamics NAV solutions; HEADS, a retail solution for chain management, sales outlets, and central warehouses, as well as configurable POS solutions for sales; and G.O.L.D., a solution for retailers. Its business solutions also comprise master data management and business intelligence solutions, as well as system integration services; utilities sector business solutions for electricity, district heating, and water companies; life cycle support services; stock replenishment services based on demand forecasting and analytics services based on supply chain management; and Tesko, an omnichannel solution that offers e-commerce component, mobile payments, financial management, reporting, and other features. In addition, the company offers omnicommerce advisory and consulting services; CX Design services; omnicommerce platforms and solutions; mobile and Web apps, as well as solutions development, digitalization enablement, and Agile development services; and Deep Vision solutions. Further, it provides analytics and insight services; and digital marketing services, such as search engine optimization, conversion optimization, online advertising, and marketing automation services. It serves customers in retail, wholesale trade, logistics, hospitality, manufacturing, and energy sectors. The company was formerly known as Tampereen Tiedonhallinta. Solteq Oyj was founded in 1982 and is headquartered in Vantaa, Finland.

Details
Name: Solteq Oyj
SOLTEQ
Exchange: HLSE
Founded: 1982
€27,994,464
19,306,527
Website: http://www.solteq.com
Address: Solteq Oyj
Karhumäentie 3,
5th Floor,
Vantaa,
01530,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE SOLTEQ Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 09. Sep 1999
LSE 0G5H Ordinary Shares London Stock Exchange GB EUR 09. Sep 1999
Number of employees
Current staff
Staff numbers
586
Solteq Oyj employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:51
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.