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eQ

10.90 EUR

-0.46 %

7,693 following
Corporate customer

EQV1V

NASDAQ Helsinki

Financial Services

Financials

-0.46 %
+1.87 %
-1.36 %
+0.46 %
-16.48 %
-3.11 %
-50.79 %
-41.71 %
+473.68 %

eQ operates in the financial services industry. The company is a brokerage firm and offers a wide range of financial services within corporate finance and asset management. Financial services include a range of structured products, insurance, private equity funds and other investment alternatives. Investments are found across the global financial market and across a number of sectors. The company's headquarters are located in Helsinki.

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Market cap
451.34M EUR
Turnover
34.16K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Reduce
Target price
Updated
03.02.2026
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 02.12.2025

Latest extensive report

Released: 02.12.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
24.3.
2026

General meeting '26

25.3.
2026

Half year dividend

28.4.
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Analyst Comment by
Sauli Vilén, Kasper Mellas

The financial sector will rank top positions on dividend lists also next spring

For financial companies, 2025 has been very positive in terms of the operating environment, with strong capital market development and stabilized interest rates. However, the performance of the companies has been varying, and many companies we follow have suffered particularly from the subdued development of alternative investment returns (new sales and performance fees).

Aktia PankkiOma SäästöpankkiAlisa PankkiNordea BankSampoMandatumAlexandria GroupTaaleriEvlieQUnited BankersCapManTitanium
Significant differences in the quality of asset managers' earnings
Analyst Comment by
Sauli Vilén, Kasper Mellas

Significant differences in the quality of asset managers' earnings

In this article, we review the quality of earnings of listed asset managers. In summary, the quality of earnings varies significantly within the sector, but on average, the level is quite good. The level has also improved in recent years, as the share of recurring fees has increased. We note that we have made the comparison at the group level, and thus the comparison does not account for the companies' differing business structures. We excluded Aktia from our review as the necessary information on its asset management is not available.

TaaleriAlexandria GroupMandatumEvlieQTitaniumCapManUnited Bankers
Forum discussions
Those were some excellent questions! eQ’s real estate funds (as well as all of eQ’s assets under management) come mostly from institutions (instikot). In my understanding, the share of private clients is less than 10%, and in PE (Private Equity) or asset management, there are practically...
2/2/2026, 8:45 AM
by Sauli Vilen
22
erkkari = special investment fund. Sorry for the industry slang. I will use a clearer term from now on
2/3/2026, 9:37 AM
by Sauli Vilen
15
Here is the company report from Sauli after Q4. There were no surprises in the Q4 figures, and the main focus of the day was on the new strategy. The main lines and targets of the strategy were quite well in line with our forecasts, and the company is seeking a strong earnings turnaround...
2/3/2026, 10:26 PM
by Sijoittaja-alokas
14
In case anyone missed it, here are eQ’s strategy slides from today: eq.fi eq-strategia-2030_3_2_2026.pdf 2.50 MB Unfortunately, no recording of the results briefing is available, so this slide deck will have to suffice. Here are also a few key highlights PE customer breakdown published...
2/3/2026, 5:31 PM
by Sauli Vilen
13
As some of you surely noticed from the cancellation of the earnings live stream, I’m home sick today, but fortunately @Kasper_Mellas stepped in to do the interview! I think the interview gives a really good idea of the direction eQ is heading from here. eQ Q4’25: Strategiapäivitys...
2/3/2026, 3:44 PM
by Sauli Vilen
9
eQ Renewed its Management Team and Strategy - Aiming to Double Operating Profit by 2030 The size of eQ’s management team has grown since just over a year ago. Tärkeimmät talousuutiset | Kauppalehti – 3 Feb 26 EQ uudisti johtoryhmänsä ja strategiansa - Tavoitteena liikevoiton... EQ...
2/3/2026, 6:42 AM
by Index
9
That “strategy update” turned out to be quite a flop. Growth expectations seem to be just numbers in an Excel sheet lacking any real substance, and the company has more downside than upside risks on the horizon. For example, the weakening dollar, PE market pricing and liquidity, ...
2/3/2026, 6:36 PM
by Sijoittaja-Hessu
7
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