Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Premium
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • FemmeBreaking barriers and building confidence in investing
  • Learn about investing
    • Analysis SchoolLearn how to read and understand stock analysis
    • Investing SchoolGuides and lessons to grow your investing knowledge
    • Portfolio buildersInvesting knowledge for every level, from first steps to advanced portfolio strategies.
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Insider TransactionsTrack buying and selling activity by company insiders
    • Short SellingSee which listed companies have disclosed short interest
    • Virtual Analyst ChatAsk questions and get instant AI-powered investment insights
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Cash flow still needs to be proven

TEM1VExtensive research10.05.2024 klo 14.10
Roni PeuranheimoAnalyst
Discuss
Download report (PDF)

Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet. The valuation would be attractive if the company's cash flow approached the company's profit level. However, we do not expect an immediate improvement here and with the current cash flow profile we do not see the risk/reward ratio as attractive.

Login required

This content is only available for logged in users

Create account

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process services and subscription management for corporate customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence in Asia, Africa and the Middle East.

Read more on company page

Forum discussions

Even if no buyout offer comes right now, we must remember that the company is in quite good shape. The order backlog is likely around the €130m...
yesterday
by Gekko
10
Well, the share price was at quite a low level before the takeover bid, and that was kind of “used as a threat” in the buyout offer too.
yesterday
by Haukka
1
Even if the Canadians don’t make a buyout offer, why would the share price drop? Most shareholders were not willing to give up their holdings...
yesterday
by Tmaxx
15
We likely won’t hear anything tomorrow. My own estimate is that we’ll probably have to wait a couple of weeks, provided there is anything to...
9/10/2026, 9:06 PM
by Junnu
2
If we don’t hear anything from the kanukit (announcements/news) tomorrow, I wonder if this stock will go into a tailspin…
9/10/2026, 7:50 PM
by Haukka
0
Tecnotree SISÄPIIRITIETO: Tecnotree Oyj on vastaanottanut ei-sitovan... Friday marks 60 days. Could we get some information about a potential...
9/7/2026, 9:33 AM
by Junnu
17
6.42€ doesn’t include much of a discount at the current rate.
9/4/2026, 2:55 PM
by Af Ämbar
1