Tietoevry : billig och bra, eller värdefälla?

En erfaren analytiker inom IT-tjänstesektorn har gjort en ny analys av detta företag, det är värt att läsa. :slight_smile:

We reiterate our Buy recommendation and EUR 24.0 target price for Tietoevry. Q2 was in line with expectations in terms of operations and commentary, and we left our forecasts broadly unchanged. In 2024, we expect the company’s earnings to be at the level of the comparison period, due to a challenging market, but to grow moderately in the coming years. Our forecasts are clearly below the company’s target levels. The share’s valuation picture is still very attractive from several angles (2024e P/E: 14x, adj. P/E: 9x, DCF: EUR 29, SOTP: EUR 26 and expected return ~20%).

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