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Research

Nyt on hyvä paikka lisätä kaksin käsin

By Joni GrönqvistAnalyst
Vincit
Download report (PDF)This report is only available for Inderes Premium customers.

Vincitin liikevaihdon lasku loiveni odotuksiamme enemmän ja lisäksi tulos ylitti selvästi odotukset, mutta oli kuitenkin edelleen heikko. Markkina on edelleen vaikea, mutta vaikuttaa että liiketoiminnan pohjat on löydetty ja toimenpiteet alkavat purra vahvemmin ensi vuonna. Vuonna 2024 odotamme liikevaihdon pysyvän vertailukauden tasolla ja kannattavuuden paranevan vain osalla kulusäästöistä. Osakkeen arvostuskuva (2024 EV/EBITA 5x, EV/L 0,3x ja DCF 6,8) on muuttunut ennustemuutoksien (+10 %) ja kurssilaskun (-20 %) myötä hyvin houkuttelevaksi.

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Vincit provides design and software development services. The services include e-commerce and web application software, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized business customers. The largest operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.

Read more on company page

Key Estimate Figures26.10.2023

202223e24e
Revenue84.8100.7100.8
growth-%37.9 %18.8 %0.1 %
EBIT (adj.)5.24.96.7
EBIT-% (adj.)6.1 %4.8 %6.6 %
EPS (adj.)0.320.220.31
Dividend0.150.100.15
Dividend %3.6 %7.4 %11.2 %
P/E (adj.)13.26.24.3
EV/EBITDA16.21.80.9

Forum discussions

Here is a company report on Vincit from Joni following the Q4 results We reiterate our Reduce recommendation and EUR 1.35 target price for the...
yesterday
by Sijoittaja-alokas
4
Joni interviewed Vincit CEO Julius Manni regarding Q4 Inderes Vincit Q4’25: Ensimmäisiä merkkejä kannattavuuskäänteestä - Inderes Aika: 19.02...
2/19/2026, 1:05 PM
by Sijoittaja-alokas
0
Results are out Vincit Vincit investors Vincit is a digital business partner that turns digital into business results by combining leading enterprise...
2/19/2026, 7:29 AM
by Elwood
4
Maybe someone else in management besides the Head of Growth should also leave, to bring some direction and discipline to Vincit’s operations...
2/17/2026, 10:50 AM
by McSampson
4
Well, it’s no wonder the “Head of Growth” is leaving the company when they have clearly failed in their role…
2/17/2026, 10:47 AM
by McSampson
1
Here are Joni’s preview comments as Vincit reports its Q4 results on Thursday For Vincit, Q4 and the year 2025 have been extremely challenging...
2/17/2026, 5:33 AM
by Sijoittaja-alokas
4
Deputy CEO and Chief Growth Officer Jens Krogell decided to leave the company. Jens’s current duties will be shared among the rest of the management...
1/20/2026, 11:23 PM
by Nixxxu
4
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