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.

Osakkeen arvostus käyvällä tasolla

LOIHDEResearch02.05.2024 klo 09.01

Frans-Mikael Rostedt, Antti Luiro

Discuss

Download report (PDF)This report is only available for Inderes Premium customers.

Loihteen Q1-raportti oli hieman odotuksiamme heikompi kannattavuuden jäätyä jonkin verran odotuksiamme matalammaksi IT-konsultoinnin matalien käyttöasteiden ajamana. Lyhyen aikavälin tulosennusteemme laskivat tämän seurauksena hieman, mutta lähivuosien ennusteet tulosparannuksen etenemisestä ovat lähes ennallaan. Lyhyellä aikavälillä osaketta tukee 7,2 %:n osinkotuotto, mutta mielestämme tämä ei riitä kompensoimaan kireää arvostustasoa markkinatilanteen heikentäessä kannattavuusparannuksen edellytyksiä 12 kuukauden tähtäimellä.

Login required

This content is only available for logged in users

Create account

Loihde is a service company for digital development and security. The company offers solutions within data analysis and data management, user experience design, software development, cloud services, and services within cybersecurity and security technology. The customers consist of corporate customers operating in a number of different sectors. The largest operations are found in Finland and Sweden.

Key Estimate Figures02.05.2024

	2023	24e	25e
Revenue	132.7	134.2	138.4
growth-%	7.9 %	1.1 %	3.1 %
EBIT (adj.)	0.7	4.0	6.3
EBIT-% (adj.)	0.5 %	2.9 %	4.6 %
EPS (adj.)	0.14	0.60	0.94
Dividend	1.00	0.39	0.59
Dividend %	8.3 %	2.8 %	4.2 %
P/E (adj.)	84.8	23.5	15.1
EV/EBITDA	9.5	7.3	5.5

Forum discussions

My assumption is that there is also quite a lot of variance in these. Naturally, the scenario I created might also turn out to be cautious.

10/29/2026, 3:55 PM

by Frans-Mikael Rostedt

The report mentions that the order of magnitude for data center security contracts is 1–2M. In the interview, the CEO used the phrase “a few...

10/29/2026, 11:05 AM

by OverTheCounter

Here is the company report on Loihde from Frans following Q3 Loihde’s Q3 profitability clearly exceeded our expectations, and adjusted EBITDA...

10/29/2026, 9:04 AM

by Sijoittaja-alokas

Loihde’s CEO Samu Konttinen was interviewed by Frans regarding the Q3 report

10/28/2026, 3:29 PM

by Sijoittaja-alokas

Here are Frans’s comments on Loihde’s Q3 results. Loihde’s Q3 profitability clearly exceeded our expectations, and revenue was fairly in line...

10/28/2026, 9:26 AM

by Sijoittaja-alokas

Frans has published a new company report on Loihde, inspired among other things by the BLC Turva acquisition. Loihde’s Q3 report, to be published...

10/26/2026, 10:15 PM

by Sijoittaja-alokas

Agreed on the potential. For now, Loihde is only involved in two projects (almost certainly in negotiations for many times that amount), which...

10/6/2026, 9:59 AM

by Frans-Mikael Rostedt

Osakkeen arvostus käyvällä tasolla

LOIHDEResearch02.05.2024 klo 09.01

Frans-Mikael Rostedt, Antti Luiro

Discuss

Download report (PDF)This report is only available for Inderes Premium customers.

Login required

This content is only available for logged in users

Create account

Key Estimate Figures02.05.2024

	2023	24e	25e
Revenue	132.7	134.2	138.4
growth-%	7.9 %	1.1 %	3.1 %
EBIT (adj.)	0.7	4.0	6.3
EBIT-% (adj.)	0.5 %	2.9 %	4.6 %
EPS (adj.)	0.14	0.60	0.94
Dividend	1.00	0.39	0.59
Dividend %	8.3 %	2.8 %	4.2 %
P/E (adj.)	84.8	23.5	15.1
EV/EBITDA	9.5	7.3	5.5