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Teleste

HLSE:TLT1V
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLT1V
HLSE
€98M
Market Cap
  1. Home
  2. FI
  3. Tech
Company description

Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally. The last earnings update was 11 days ago. More info.


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TLT1V Share Price and Events
7 Day Returns
-0.4%
HLSE:TLT1V
2.3%
Europe Communications
1.8%
FI Market
1 Year Returns
-27.9%
HLSE:TLT1V
3.9%
Europe Communications
-6.7%
FI Market
TLT1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teleste (TLT1V) -0.4% -10% -14.6% -27.9% -31.9% 17%
Europe Communications 2.3% -8% -7.3% 3.9% 14.6% -8.7%
FI Market 1.8% -3.9% -2.3% -6.7% 24.4% 27%
1 Year Return vs Industry and Market
  • TLT1V underperformed the Communications industry which returned 3.9% over the past year.
  • TLT1V underperformed the Market in Finland which returned -6.7% over the past year.
Price Volatility
TLT1V
Industry
5yr Volatility vs Market

TLT1V Value

 Is Teleste 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 Teleste 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 Teleste.

HLSE:TLT1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:TLT1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 20%) (33.41%))
1.248
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.248 * 6.51%)
8.67%

Discounted Cash Flow Calculation for HLSE:TLT1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teleste 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:TLT1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.67%)
2019 -5.10 Analyst x1 -4.69
2020 9.00 Analyst x2 7.62
2021 8.30 Analyst x1 6.47
2022 9.70 Analyst x1 6.96
2023 10.30 Analyst x1 6.80
2024 10.73 Est @ 4.14% 6.51
2025 11.06 Est @ 3.06% 6.18
2026 11.31 Est @ 2.31% 5.82
2027 11.51 Est @ 1.78% 5.45
2028 11.67 Est @ 1.41% 5.08
Present value of next 10 years cash flows €52.19
HLSE:TLT1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €11.67 × (1 + 0.54%) ÷ (8.67% – 0.54%)
€144.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €144.39 ÷ (1 + 8.67%)10
€62.89
HLSE:TLT1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €52.19 + €62.89
€115.08
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €115.08 / 18.19
€6.33
HLSE:TLT1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.33
Current discount Discount to share price of €5.38
= -1 x (€5.38 - €6.33) / €6.33
15%

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

Current Discount
Amount off the current price Teleste is available for.
Intrinsic value
15%
Share price is €5.38 vs Future cash flow value of €6.33
Current Discount Checks
For Teleste to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Teleste's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Teleste'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 Teleste's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teleste's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:TLT1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.00
HLSE:TLT1V Share Price ** HLSE (2019-05-20) in EUR €5.38
Europe Communications Industry PE Ratio Median Figure of 23 Publicly-Listed Communications Companies 20.59x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.89x

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

** Primary Listing of Teleste.

HLSE:TLT1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:TLT1V Share Price ÷ EPS (both in EUR)

= 5.38 ÷ 0.00

2351.4x

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

  • Teleste is overvalued based on earnings compared to the Europe Communications industry average.
  • Teleste is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Teleste's expected growth come at a high price?
Raw Data
HLSE:TLT1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2351.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
62.8%per year
Europe Communications Industry PEG Ratio Median Figure of 12 Publicly-Listed Communications Companies 1.7x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

HLSE:TLT1V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2351.4x ÷ 62.8%

37.42x

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

  • Teleste is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Teleste's assets?
Raw Data
HLSE:TLT1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.89
HLSE:TLT1V Share Price * HLSE (2019-05-20) in EUR €5.38
Europe Communications Industry PB Ratio Median Figure of 51 Publicly-Listed Communications Companies 1.67x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.9x
HLSE:TLT1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:TLT1V Share Price ÷ Book Value per Share (both in EUR)

= 5.38 ÷ 3.89

1.38x

* Primary Listing of Teleste.

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

  • Teleste is good value based on assets compared to the Europe Communications industry average.
X
Value checks
We assess Teleste'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Teleste has a total score of 1/6, 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.

TLT1V Future Performance

 How is Teleste expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
62.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teleste expected to grow at an attractive rate?
  • Teleste's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Teleste's earnings growth is expected to exceed the Finland market average.
  • Teleste's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:TLT1V Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:TLT1V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 62.8%
HLSE:TLT1V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.3%
Europe Communications Industry Earnings Growth Rate Market Cap Weighted Average 36.9%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 3%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*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:TLT1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:TLT1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 23
2022-12-31 278 22 1
2021-12-31 270 21 12 1
2020-12-31 260 19 12 3
2019-12-31 250 10 6 3
HLSE:TLT1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 250 11 0
2018-12-31 250 15 7
2018-09-30 243 17 5
2018-06-30 239 11 4
2018-03-31 233 22 -9
2017-12-31 235 19 -9
2017-09-30 244 13 -5
2017-06-30 251 21 -2
2017-03-31 260 7 10
2016-12-31 260 9 12
2016-09-30 259 12 11
2016-06-30 263 10 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teleste's earnings are expected to grow significantly at over 20% yearly.
  • Teleste's revenue is expected to grow by 3.3% 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:TLT1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Teleste Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TLT1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.65 0.65 0.65 1.00
2020-12-31 0.62 0.79 0.50 3.00
2019-12-31 0.35 0.39 0.31 2.00
HLSE:TLT1V Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.00
2018-12-31 0.38
2018-09-30 0.28
2018-06-30 0.19
2018-03-31 -0.47
2017-12-31 -0.50
2017-09-30 -0.28
2017-06-30 -0.13
2017-03-31 0.56
2016-12-31 0.65
2016-09-30 0.61
2016-06-30 0.64

*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.
  • Unable to establish if Teleste will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Teleste'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Teleste 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.

TLT1V Past Performance

  How has Teleste 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 Teleste's growth in the last year to its industry (Communications).
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.
  • Teleste's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Teleste has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Teleste has become profitable in the last year making it difficult to compare the Europe Communications industry average.
Earnings and Revenue History
Teleste'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 Teleste Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TLT1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 249.65 0.04 70.92
2018-12-31 250.35 6.98 70.61
2018-09-30 242.53 5.14 67.94
2018-06-30 239.41 3.50 68.38
2018-03-31 232.95 -8.60 70.18
2017-12-31 234.59 -9.11 71.49
2017-09-30 244.45 -5.20 75.19
2017-06-30 251.06 -2.35 76.71
2017-03-31 259.85 10.23 76.97
2016-12-31 259.53 11.82 76.98
2016-09-30 259.36 10.99 75.79
2016-06-30 262.69 11.63 76.19
2016-03-31 254.93 10.47 75.47
2015-12-31 247.76 11.01 74.81
2015-09-30 233.23 11.21 72.65
2015-06-30 217.40 10.58 69.29
2015-03-31 207.09 9.77 66.29
2014-12-31 197.18 8.48 63.29
2014-09-30 197.35 8.44 61.90
2014-06-30 193.47 6.91 60.97
2014-03-31 190.55 7.28 60.06
2013-12-31 192.78 8.15 60.51
2013-09-30 186.20 6.71 63.33
2013-06-30 185.31 6.54 63.77
2013-03-31 188.50 6.48 64.74
2012-12-31 193.88 6.70 65.39
2012-09-30 199.84 7.96 63.76
2012-06-30 201.21 8.69 63.60

*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.
  • It is difficult to establish if Teleste has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Teleste used its assets less efficiently than the Europe Communications industry average last year based on Return on Assets.
  • Teleste's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Teleste'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 Communications 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.
Teleste has a total score of 0/6, 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.

TLT1V Health

 How is Teleste'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 Teleste's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teleste is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teleste's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Teleste'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x 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 Teleste Company Filings, last reported 1 month ago.

HLSE:TLT1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 71.16 32.69 18.02
2018-12-31 77.16 26.81 22.24
2018-09-30 75.52 27.77 20.71
2018-06-30 72.75 33.43 22.33
2018-03-31 72.55 33.23 22.56
2017-12-31 71.35 33.25 21.23
2017-09-30 70.94 33.59 16.15
2017-06-30 70.40 33.73 19.81
2017-03-31 84.92 30.63 8.86
2016-12-31 84.42 30.61 9.50
2016-09-30 80.51 35.39 14.72
2016-06-30 77.19 35.18 9.87
2016-03-31 79.09 34.41 14.21
2015-12-31 77.55 33.04 12.68
2015-09-30 74.27 36.74 15.18
2015-06-30 70.43 40.15 15.24
2015-03-31 73.86 30.53 14.37
2014-12-31 70.68 24.38 17.67
2014-09-30 67.77 25.49 12.00
2014-06-30 64.36 24.14 12.24
2014-03-31 66.73 24.21 16.01
2013-12-31 65.55 24.27 15.23
2013-09-30 62.40 26.34 15.45
2013-06-30 60.23 27.71 14.57
2013-03-31 62.41 21.96 10.86
2012-12-31 60.56 22.15 13.88
2012-09-30 58.77 25.09 12.31
2012-06-30 56.56 25.11 13.17
  • Teleste's level of debt (45.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.3% vs 45.9% today).
  • Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.3x coverage).
X
Financial health checks
We assess Teleste'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. Teleste has a total score of 4/6, 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.

TLT1V Dividends

 What is Teleste'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
3.72%
Current annual income from Teleste dividends. Estimated to be 5.18% next year.
If you bought €2,000 of Teleste shares you are expected to receive €74 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?
  • Teleste's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.32%).
  • Teleste's dividend is below the markets top 25% of dividend payers in Finland (5.28%).
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:TLT1V 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 3 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

HLSE:TLT1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 1.00
2020-12-31 0.30 3.00
2019-12-31 0.25 3.00
HLSE:TLT1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.200 3.417
2018-03-06 0.100 1.510
2017-03-08 0.250 3.197
2016-04-07 0.230 2.603
2015-03-10 0.200 2.531
2014-03-04 0.190 3.841
2013-03-05 0.170 4.078
2012-08-01 0.140 3.455
2012-07-16 0.140 3.618
2012-03-13 0.140 3.493
2011-03-24 0.120 3.477
2010-04-09 0.080 1.716
2009-07-22 0.120 3.090

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Teleste's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Teleste's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Teleste afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teleste has a total score of 3/6, see the detailed checks below.


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

TLT1V Management

 What is the CEO of Teleste'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
Jukka Rinnevaara
COMPENSATION €0
AGE 57
TENURE AS CEO 16.5 years
CEO Bio

Mr. Jukka Rinnevaara, M.Sc. (Econ.) serves as Independent Director of Vaisala Oyj since March 26, 2019. He has been the Chief Executive Officer and President of Teleste Corporation since November 01, 2002 and serves as its InCharge of Investor Relations. Mr. Rinnevaara served as Group Senior Vice President, ABB Building Systems from 2001 to 2002. He served as the President of ABB Installaatiot Oy from 1999 to 2001. Mr. Rinnevaara serves as a Director of Oyj Liinos ABP. He served as a Director of Salcomp Plc since April 15, 2009; Perlos Oyj since March 28, 2006 and Teleste Corporation.

CEO Compensation
  • Insufficient data for Jukka to compare compensation growth.
  • Jukka's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Teleste management team in years:

7.8
Average Tenure
51
Average Age
  • The average tenure for the Teleste management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jukka Rinnevaara

TITLE
President & CEO
AGE
57
TENURE
16.5 yrs

Juha Hyytiäinen

TITLE
Chief Financial Officer
AGE
51
TENURE
5.3 yrs

Markus Mattila

TITLE
Senior Vice President of Operations
AGE
50
TENURE
11.3 yrs

Johan Slotte

TITLE
Deputy CEO and Head of Corporate Business Development & Legal Affairs
AGE
59

Mika Kavanti

TITLE
Vice President of Marketing and Channel Sales
TENURE
7.8 yrs

Hanno Narjus

TITLE
Senior Vice President of Network Products
AGE
56

Esa Harju

TITLE
Senior Vice President of Video Security & Information Business Unit
AGE
51
TENURE
2.4 yrs

Pasi Järvenpää

TITLE
Senior Vice President of Research & Development
AGE
51
Board of Directors Tenure

Average tenure and age of the Teleste board of directors in years:

1.6
Average Tenure
57
Average Age
  • The average tenure for the Teleste board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pertti Ervi

TITLE
Chairman of the Board
AGE
61
TENURE
1.6 yrs

Jannica Fagerholm

TITLE
Independent Director
AGE
57
TENURE
6.1 yrs

Kai Telanne

TITLE
Independent Director
AGE
54
TENURE
11.1 yrs

Timo Luukkainen

TITLE
Non-Independent Director
AGE
64
TENURE
3.1 yrs

Heikki Mäkijärvi

TITLE
Independent Director
AGE
59
TENURE
1.1 yrs

Vesa Korpimies

TITLE
Director
AGE
56
TENURE
0.1 yrs

Jussi Himanen

TITLE
Director
AGE
46
TENURE
0.1 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 Teleste'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. Teleste 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.

TLT1V News

Simply Wall St News

What To Know Before Buying Teleste Corporation (HEL:TLT1V) For Its Dividend

Dividend paying stocks like Teleste Corporation (HEL:TLT1V) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … In this case, Teleste likely looks attractive to investors, given its 3.4% dividend yield and a payment history of over ten years.

Simply Wall St -

Teleste Corporation (HEL:TLT1V) Has A ROE Of 8.9%

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.089 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Teleste Corporation's (HEL:TLT1V) Future?

Looking at Teleste Corporation's (HEL:TLT1V) earnings update on 31 December 2018, … with earnings expected to grow by 5.9% in the upcoming year … the past 5-year average growth rate of -25%.

Simply Wall St -

What Can We Learn From Teleste Corporation’s (HEL:TLT1V) Investment Returns?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Teleste Corporation (HEL:TLT1V): Are Analysts Bullish?

The most recent earnings update Teleste Corporation's (HEL:TLT1V) released in December 2018 … turned profitable again after

Simply Wall St -

Do Institutions Own Teleste Corporation (HEL:TLT1V) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Teleste is a smaller company with a market capitalization of €120m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Financially Strong Is Teleste Corporation (HEL:TLT1V)?

Investors are always looking for growth in small-cap stocks like Teleste Corporation (HEL:TLT1V), with a market cap of €101m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Teleste Corporation (HEL:TLT1V) Is Trading At A 24.06% Discount

How far off is Teleste Corporation (HEL:TLT1V) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Do Analysts Think About Teleste Corporation's (HEL:TLT1V) Growth?

Since Teleste Corporation (HEL:TLT1V) released its earnings in September 2018, … it seems that analyst forecasts are substantially optimistic, … with earnings expected to grow by a high double-digit of 92% in the upcoming year,

Simply Wall St -

Should You Be Worried About Teleste Corporation's (HEL:TLT1V) 6.6% Return On Equity?

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. … That means that for every €1 worth of shareholders' equity, it generated €0.066 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

TLT1V Company Info

Description

Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally. The company’s Video and Broadband Solutions segment focuses on product solutions for broadband access networks, video service platforms, and video surveillance applications. Its Network Services segment offers network service solutions, including new construction, rebuilding, upgrading, planning, and maintenance services for cable networks. The company’s broadband data and video products include RF amplifiers, optical nodes, remote PHY nodes, RF passives, optical passives, management tools, DOCSIS mini-CMTS, headend optics, Luminato video headend products, and Optimo transcoders, as well as modular IP to analog TV and IP to FM radio converters. Its information and security products consist of passenger information management products, media content management products, fleet monitoring and operation control products, information displays, display control products, onboard passenger information systems, onboard infotainment and advertising products, onboard public address and intercommunications products, onboard video surveillance products, onboard connectivity products, video management systems, mobile network video recorders, fiber optic video transmission products, video encoders and decoders, secured IP link products, and S-AWARE situational awareness systems. In addition, it provides information and security services, such as technical integration, software support and maintenance, system design, software integration and tailor made solutions, project management, configuration, installation and commissioning, and training; and broadband data and video services. It serves the hospitality, public transport, public authorities, airports, road, and military and border control markets, as well as installers, operators, and wholesalers and distributors. The company was founded in 1954 and is headquartered in Kaarina, Finland.

Details
Name: Teleste Corporation
TLT1V
Exchange: HLSE
Founded: 1954
€97,848,002
18,187,361
Website: http://www.teleste.com
Address: Teleste Corporation
Telestenkatu 1,
Littoinen,
Kaarina,
Finland Proper, 20660,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE TLT1V Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 30. Mar 1999
DB TS6 Ordinary Shares Deutsche Boerse AG DE EUR 30. Mar 1999
LSE 0K1Q Ordinary Shares London Stock Exchange GB EUR 30. Mar 1999
Number of employees
Current staff
Staff numbers
1,380
Teleste employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 20:43
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.