Talenom: Rome was not built in a day
Talenom's Q4 result was a slight disappointment, especially in Sweden, but the 2024 guidance was well in line with our expectations. A return to the path of earnings growth is underway as profitability improves, but profitability leaps abroad still require time. We made slight negative adjustments to the forecasts for the next few years and believe that the stock is currently priced more or less correctly considering short-term weakness and great long-term potential.
Talenom
Talenom is an accounting agency that offers a wide range of services in bookkeeping, invoice management and payroll issues. In addition to the main business, financial analysis and the possibility of real-time control are offered via the company's web services. The largest proportion of customers can be found among small and medium-sized business customers within the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.
Read more on company pageKey Estimate Figures02.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 121.7 | 135.5 | 152.3 |
growth-% | 19.21 % | 11.29 % | 12.43 % |
EBIT (adj.) | 11.1 | 15.3 | 21.4 |
EBIT-% (adj.) | 9.12 % | 11.29 % | 14.02 % |
EPS (adj.) | 0.14 | 0.19 | 0.29 |
Dividend | 0.19 | 0.20 | 0.21 |
Dividend % | 3.06 % | 5.52 % | 5.79 % |
P/E (adj.) | 43.20 | 19.32 | 12.55 |
EV/EBITDA | 11.19 | 6.57 | 5.63 |