Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Third party research

Tallinna Sadam: New quay in Paldiski starts operations - Nordea

Tallinna Sadam

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
The share price has come up by 24% over the past three months. Improving economic activity and speculation regarding peace in Ukraine could be the main reasons for the share price development. In addition, the new quay in Paldiski was ready in February 2026. The cancellation of a vessel order project could also support cash flow and secure stable divided payments in the future. The valuation discount to the peer group's long-term P/B multiple of 1.1x has shrunk to 19% for 2026E. Overall, the company's profitability is excellent and the balance sheet is healthy, but revenue growth could still be stronger. Our fair value range of EUR 1.4-1.7 is unchanged, based on a combination of our DCF model and a peer group comparison. Our forecast for the dividend payment is EUR  0.073, implying a dividend yield of 5.0% (the peer group average was 3.9% in 2025E).
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
  • 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.