TietoEVRY Oyj

BATS-CHIXE:TIETOH Stock Report

Market Cap: €2.0b

TietoEVRY Oyj Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TIETOH (€18.9) is trading below our estimate of fair value (€36.58)

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

Key Valuation Metric

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

Key metric: As TIETOH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TIETOH. This is calculated by dividing TIETOH's market cap by their current earnings.
What is TIETOH's PE Ratio?
PE Ratio12.6x
Earnings€160.00m
Market Cap€2.01b

Price to Earnings Ratio vs Peers

How does TIETOH's PE Ratio compare to its peers?

The above table shows the PE ratio for TIETOH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
CCC Computacenter
13.7x7.0%UK£2.3b
KNOS Kainos Group
20.1x1.7%UK£1.0b
SCT Softcat
27.4x8.8%UK£3.3b
FDM FDM Group (Holdings)
11.7x-5.9%UK£354.6m
TIETOH TietoEVRY Oyj
12.6x10.9%€2.0b

Price-To-Earnings vs Peers: TIETOH is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does TIETOH's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies22PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TIETOH is good value based on its Price-To-Earnings Ratio (12.6x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

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

TIETOH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TIETOH's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst TIETOH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€20.23
0%
11.3%€24.75€17.00n/a10
Nov ’25n/a
€20.21
0%
11.3%€24.75€17.00n/a10
Oct ’25n/a
€21.05
0%
11.5%€26.00€17.00n/a11
Sep ’25€19.07
€21.05
+10.4%
11.5%€26.00€17.00n/a11
Aug ’25n/a
€21.16
0%
11.5%€26.00€17.00n/a11
Jul ’25n/a
€21.58
0%
10.0%€26.00€19.00n/a11
Jun ’25n/a
€22.05
0%
10.5%€26.00€19.00n/a11
May ’25n/a
€21.85
0%
9.5%€25.60€19.00n/a10
Apr ’25n/a
€23.34
0%
11.7%€28.50€19.00n/a10
Mar ’25n/a
€23.53
0%
11.1%€28.50€19.00n/a10
Feb ’25€21.70
€24.23
+11.6%
12.0%€29.70€19.00n/a11
Jan ’25n/a
€24.18
0%
12.1%€29.70€19.00n/a11
Dec ’24€20.58
€24.18
+17.5%
12.1%€29.70€19.00n/a11
Nov ’24n/a
€24.82
0%
12.8%€29.70€19.00n/a10
Oct ’24n/a
€27.08
0%
10.5%€31.80€21.00n/a10
Sep ’24n/a
€27.28
0%
10.0%€31.80€21.00€19.0710
Aug ’24n/a
€28.88
0%
8.2%€34.00€26.00n/a10
Jul ’24€25.40
€31.73
+24.9%
7.9%€36.00€27.50n/a10
Jun ’24€25.74
€31.88
+23.8%
7.7%€36.00€27.50n/a10
May ’24€28.74
€31.88
+10.9%
8.2%€36.00€27.50n/a10
Apr ’24€28.72
€31.58
+9.9%
9.7%€36.00€26.00n/a10
Mar ’24€30.12
€31.58
+4.8%
9.7%€36.00€26.00n/a10
Feb ’24€28.28
€28.48
+0.7%
12.8%€34.00€23.00€21.7010
Jan ’24€26.62
€27.91
+4.8%
14.2%€34.00€20.00n/a10
Dec ’23€27.26
€27.08
-0.6%
15.1%€34.00€20.00€20.589
Nov ’23€24.06
€26.97
+12.1%
15.0%€34.00€20.00n/a9

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

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