TietoEVRY Oyj

OM:TIETOS Stock Report

Market Cap: SEK 23.0b

TietoEVRY Oyj Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 TIETOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TIETOS (SEK194) is trading below our estimate of fair value (SEK393.8)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TIETOS. This is calculated by dividing TIETOS's market cap by their current earnings.
What is TIETOS's PE Ratio?
PE Ratio12.5x
Earnings€160.00m
Market Cap€1.99b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TIETOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
ANOD B Addnode Group
35.6x14.6%SEK 13.4b
KNOW Knowit
23.1x36.8%SEK 3.6b
PACT Proact IT Group
15x4.4%SEK 3.5b
ENEA Enea
32.4xn/aSEK 2.0b
TIETOS TietoEVRY Oyj
12.5x10.9%SEK 2.0b

Price-To-Earnings vs Peers: TIETOS is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does TIETOS's PE Ratio compare vs other companies in the SE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TIETOS 12.5xIndustry Avg. 15.1xNo. of Companies4PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TIETOS is good value based on its Price-To-Earnings Ratio (12.5x) compared to the Swedish IT industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is TIETOS'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.

TIETOS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: TIETOS is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).

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 TIETOS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 194.00
SEK 231.47
+19.3%
12.5%SEK 285.37SEK 184.48n/a10
Nov ’25SEK 200.80
SEK 232.67
+15.9%
11.3%SEK 285.00SEK 195.76n/a10
Oct ’25SEK 208.00
SEK 242.36
+16.5%
11.5%SEK 299.29SEK 195.69n/a11
Sep ’25SEK 216.60
SEK 242.36
+11.9%
11.5%SEK 299.29SEK 195.69n/a11
Aug ’25SEK 212.80
SEK 248.66
+16.9%
11.5%SEK 305.49SEK 199.74n/a11
Jul ’25SEK 210.00
SEK 243.06
+15.7%
10.0%SEK 292.82SEK 213.98n/a11
Jun ’25SEK 211.00
SEK 255.86
+21.3%
10.5%SEK 301.76SEK 220.52n/a11
May ’25SEK 210.00
SEK 255.64
+21.7%
9.5%SEK 299.51SEK 222.29n/a10
Apr ’25SEK 226.80
SEK 264.83
+16.8%
11.7%SEK 323.38SEK 215.59n/a10
Mar ’25SEK 242.80
SEK 262.46
+8.1%
11.1%SEK 317.90SEK 211.93n/a10
Feb ’25SEK 247.00
SEK 272.41
+10.3%
12.0%SEK 333.94SEK 213.63n/a11
Jan ’25SEK 239.20
SEK 274.56
+14.8%
12.1%SEK 337.22SEK 215.73n/a11
Dec ’24SEK 228.20
SEK 274.56
+20.3%
12.1%SEK 337.22SEK 215.73n/a11
Nov ’24SEK 233.20
SEK 293.52
+25.9%
12.8%SEK 351.23SEK 224.69SEK 200.8010
Oct ’24SEK 247.20
SEK 321.63
+30.1%
10.5%SEK 377.69SEK 249.42SEK 208.0010
Sep ’24SEK 272.20
SEK 319.68
+17.4%
10.0%SEK 372.65SEK 246.09SEK 216.6010
Aug ’24SEK 268.80
SEK 331.18
+23.2%
8.2%SEK 389.90SEK 298.16SEK 212.8010
Jul ’24SEK 297.60
SEK 374.56
+25.9%
7.9%SEK 425.03SEK 324.68SEK 210.0010
Jun ’24SEK 301.00
SEK 357.78
+18.9%
7.7%SEK 404.08SEK 308.67SEK 211.0010
May ’24SEK 327.00
SEK 363.43
+11.1%
8.2%SEK 410.46SEK 313.54SEK 210.0010
Apr ’24SEK 324.80
SEK 349.08
+7.5%
9.7%SEK 398.00SEK 287.44SEK 226.8010
Mar ’24SEK 335.20
SEK 349.08
+4.1%
9.7%SEK 398.00SEK 287.44SEK 242.8010
Feb ’24SEK 325.20
SEK 323.15
-0.6%
12.8%SEK 385.85SEK 261.02SEK 247.0010
Jan ’24SEK 295.00
SEK 308.03
+4.4%
14.2%SEK 375.31SEK 220.77SEK 239.2010
Dec ’23SEK 299.40
SEK 293.98
-1.8%
15.1%SEK 369.05SEK 217.09SEK 228.209
Nov ’23SEK 264.20
SEK 294.25
+11.4%
15.0%SEK 370.92SEK 218.19SEK 233.209

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

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