Solteq
0.9 EUR +4.17%6,111 investors are following this company
Solteq is an IT consulting company. The company specializes in ERP - Enterprise Resource Planning. Other services offered are related to financial management and inventory management. The customers consist of small and medium-sized corporate customers active in the retail and hotel industry. Solteq operates worldwide, with the largest presence in Europe, North America, and Asia.
P/E (24e)
-18.94
EV/EBIT (adj.) (24e)
31.86
EV/S (24e)
0.77
Dividend yield-% (24e)
-
Target price
0.55 EUR
Recommendation
Sell
Updated
1.5.2024
NASDAQ Helsinki
SOLTEQ
Daily low / high price
0.882 / 0.904
EUR
Market cap
17.46M EUR
Turnover
26.4K EUR
Volume
29K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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![Joni Grönqvist Joni Grönqvist](https://www.inderes.se/cdn-cgi/image/format=auto,width=128,height=128,quality=90,fit=cover/https://core.inderes.fi/sites/default/files/2022-10/joni-gronqvist-1.png)
Joni Grönqvist
Analyst
Financial calendar
Interim report
22.08.2024
Interim report
24.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Profiz Business Solution Oyj | 11.3 % | 11.3 % |
Elo Mutual Pension Insurance Company | 10.3 % | 10.3 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Aarne Aktan | 11.03.2024 | 7,198EUR |
Aarne Aktan | 08.03.2024 | 6,285EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 60.5 | 69.1 | 68.4 | 57.7 | 54.3 | 55.9 | 58.3 | 60.9 |
growth-% | 3.7 % | 14.2 % | -0.9 % | -15.7 % | -5.8 % | 3.0 % | 4.3 % | 4.4 % |
EBITDA | 10.4 | 12.3 | 5.6 | 8.7 | 3.5 | 5.3 | 6.1 | 6.2 |
EBIT (adj.) | 5.8 | 7.4 | 0.5 | -3.9 | 1.3 | 3.5 | 4.3 | 4.7 |
EBIT | 5.4 | 7.1 | -4.4 | -3.5 | 1.3 | 3.5 | 4.3 | 4.7 |
Profit before taxes | 2.7 | 5.2 | -6.6 | -4.7 | -1.0 | 0.4 | 1.3 | 1.8 |
Net income | 2.0 | 4.1 | -5.4 | -5.4 | -0.9 | 0.3 | 1.1 | 1.4 |
EPS (adj.) | 0.15 | 0.23 | -0.03 | -0.29 | -0.05 | 0.02 | 0.06 | 0.07 |
growth-% | 175.5 % | 55.5 % | -112.1 % | 213.9 % | 33.4 % | |||
Dividend | 0.15 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 |
Dividend ratio | 146.3 % | 47.3 % | 50.0 % | 50.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 17.2 % | 17.8 % | 8.1 % | 15.1 % | 6.5 % | 9.4 % | 10.4 % | 10.1 % |
EBIT-% (adj.) | 9.6 % | 10.7 % | 0.7 % | -6.7 % | 2.4 % | 6.3 % | 7.4 % | 7.6 % |
EBIT-% | 8.8 % | 10.3 % | -6.4 % | -6.1 % | 2.4 % | 6.3 % | 7.4 % | 7.6 % |
ROE | 7.8 % | 15.0 % | -21.4 % | -27.1 % | -5.5 % | 2.1 % | 6.3 % | 7.9 % |
ROI | 9.7 % | 12.3 % | -7.8 % | -7.1 % | 3.0 % | 8.1 % | 10.0 % | 10.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 2.80 | 4.68 | 1.23 | 0.76 | 0.90 | 0.90 | 0.90 | 0.90 |
Shares | 19.3 | 19.4 | 19.4 | 19.4 | 19.4 | 19.4 | 19.4 | 19.4 |
Market cap | 54.1 | 90.8 | 23.9 | 14.7 | 17.5 | 17.5 | 17.5 | 17.5 |
Enterprise value | 80.5 | 116.7 | 55.3 | 39.2 | 41.7 | 41.1 | 39.8 | 38.9 |
EV/S | 1.3 | 1.7 | 0.8 | 0.7 | 0.8 | 0.7 | 0.7 | 0.6 |
EV/EBITDA | 7.8 | 9.5 | 10.0 | 4.5 | 11.8 | 7.8 | 6.6 | 6.3 |
EV/EBIT (adj.) | 13.9 | 15.7 | 118.6 | - | 31.9 | 11.7 | 9.2 | 8.4 |
EV/EBIT | 15.1 | 16.4 | - | - | 31.9 | 11.7 | 9.2 | 8.4 |
P/E (adj.) | 19.2 | 20.7 | - | - | - | 51.0 | 16.2 | 12.2 |
P/E | 27.3 | 22.1 | - | - | - | 51.0 | 16.2 | 12.2 |
P/B | 2.0 | 3.2 | 1.1 | 0.9 | 1.1 | 1.0 | 1.0 | 0.9 |
P/S | 0.9 | 1.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Dividend yield | 5.4 % | 2.1 % | 3.1 % | 4.1 % | ||||
Equity ratio | 35.5 % | 36.9 % | 30.3 % | 30.1 % | 28.9 % | 29.4 % | 31.1 % | 32.3 % |
Gearing ratio | 99.9 % | 92.6 % | 139.4 % | 142.3 % | 148.8 % | 142.2 % | 126.1 % | 115.3 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 14.3 | 12.2 | 14.3 | 57.7 | 13.6 | 13.8 | 12.3 | 14.6 | 54.3 |
EBITDA | 7.7 | 0.5 | -0.8 | 8.7 | 0.4 | 0.5 | 1.1 | 1.6 | 3.5 |
EBIT | 6.3 | -0.7 | -9.1 | -3.5 | -0.2 | -0.0 | 0.5 | 1.1 | 1.3 |
Profit before taxes | 5.8 | -1.2 | -9.7 | -4.7 | -0.7 | -0.5 | -0.0 | 0.3 | -1.0 |
Net income | 3.7 | -1.0 | -8.3 | -5.4 | -0.7 | -0.4 | -0.0 | 0.2 | -0.9 |
ShowingAll content types
![IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/a1c27db3-febe-46a3-abe4-aa20c188fd13.png)
IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly
![IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/2960b8d0-2d5c-48ed-b5e4-0d1f888752df.png)
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
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Inside information: Solteq to initiate an efficiency and cost-savings program to improve profitability
Solteq Plc's CEO Aarne Aktan to take on the leadership responsibilities of the Utilities segment
Solteq Plc's Interim Report January 1 - March 31, 2024
Solteq updates the definitions of comparable EBITDA and operating result, and publishes new figures concerning them for 2023
![IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/aefb64e2-4341-4ebe-a0d5-db91c5d85d27.png)
IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance
Changes in Solteq Plc's Executive Team
Solteq Plc: Decisions of the Annual General Meeting 2024 and the Board of Directors' organizing meeting
![Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/49f03a03-baae-4193-851d-48056aafa15c.png)