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Solteq
0.804 EUR -3.13%6,105 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)
-16.92
EV/EBIT (adj.) (24e)
30.43
EV/S (24e)
0.73
Dividend yield-% (24e)
-
Target price
0.55 EUR
Recommendation
Sell
Updated
1.5.2024
NASDAQ Helsinki
SOLTEQ
Daily low / high price
0.802 / 0.828
EUR
Market cap
15.59M EUR
Turnover
12.42K EUR
Volume
15K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
![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 % |
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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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Forum updates
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 % |
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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 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 2.80 | 4.68 | 1.23 | 0.76 | 0.80 | 0.80 | 0.80 | 0.80 |
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 | 15.6 | 15.6 | 15.6 | 15.6 |
Enterprise value | 80.5 | 116.7 | 55.3 | 39.2 | 39.9 | 39.3 | 37.9 | 37.0 |
EV/S | 1.3 | 1.7 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 |
EV/EBITDA | 7.8 | 9.5 | 10.0 | 4.5 | 11.3 | 7.5 | 6.2 | 6.0 |
EV/EBIT (adj.) | 13.9 | 15.7 | 118.6 | - | 30.4 | 11.2 | 8.8 | 8.0 |
EV/EBIT | 15.1 | 16.4 | - | - | 30.4 | 11.2 | 8.8 | 8.0 |
P/E (adj.) | 19.2 | 20.7 | - | - | - | 45.6 | 14.5 | 10.9 |
P/E | 27.3 | 22.1 | - | - | - | 45.6 | 14.5 | 10.9 |
P/B | 2.0 | 3.2 | 1.1 | 0.9 | 1.0 | 0.9 | 0.9 | 0.8 |
P/S | 0.9 | 1.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Dividend yield | 5.4 % | 2.1 % | 3.4 % | 4.6 % | ||||
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 % |
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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 |
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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)