Netum Group
2.8 EUR +0.72%Netum operates in the IT sector. The company specializes in the development of software solutions. The software is self-developed and is mainly used for the design and implementation of software, management and monitoring of information systems, cyber security solutions, and for IT management. The customers consist of corporate customers operating in a number of sectors. In addition to the main business, various value-added services are offered. The largest operations are in the Nordic region.
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Matti Mujunen | 15.4 % | 15.4 % |
Cascate Oy (Olavi Köngäs) | 11.8 % | 11.8 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Mari Ala-sorvari | 15.11.2023 | 2,700EUR |
Olavi Köngäs | 09.11.2023 | 5,229EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 17.5 | 22.4 | 29.1 | 37.1 | 45.2 | 46.1 | 47.6 | 49.8 |
growth-% | 31.1 % | 27.7 % | 30.2 % | 27.2 % | 22.0 % | 1.8 % | 3.2 % | 4.7 % |
EBITDA | 3.3 | 3.4 | 2.8 | 2.6 | 4.9 | 5.0 | 5.2 | 5.6 |
EBIT (adj.) | 3.1 | 3.1 | 2.5 | 2.8 | 4.7 | 4.8 | 5.0 | 5.4 |
EBIT | 2.0 | 1.9 | 0.8 | -0.2 | 1.4 | 1.5 | 1.7 | 2.1 |
Profit before taxes | 1.8 | 0.9 | 0.6 | -0.7 | 0.4 | 1.3 | 1.5 | 1.9 |
Net income | 1.3 | 0.5 | 0.2 | -1.1 | -0.3 | 0.3 | 0.5 | 1.5 |
EPS (adj.) | 0.24 | 0.23 | 0.17 | 0.16 | 0.23 | 0.29 | 0.30 | 0.38 |
growth-% | 162.8 % | -4.5 % | -26.8 % | -6.0 % | 48.4 % | 22.8 % | 6.2 % | 24.7 % |
Dividend | 0.05 | 0.11 | 0.11 | 0.00 | 0.14 | 0.16 | 0.18 | 0.20 |
Dividend ratio | 32.8 % | 239.9 % | 700.7 % | -586.7 % | 657.9 % | 427.9 % | 170.8 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 18.6 % | 15.2 % | 9.7 % | 7.1 % | 10.8 % | 10.8 % | 11.0 % | 11.2 % |
EBIT-% (adj.) | 17.6 % | 13.9 % | 8.7 % | 7.4 % | 10.3 % | 10.4 % | 10.6 % | 10.8 % |
EBIT-% | 11.5 % | 8.5 % | 2.6 % | -0.6 % | 3.2 % | 3.2 % | 3.6 % | 4.1 % |
ROE | 30.8 % | 6.1 % | 1.5 % | -8.7 % | -2.4 % | 2.6 % | 5.2 % | 16.2 % |
ROI | 22.5 % | 15.5 % | 5.1 % | -1.3 % | 6.8 % | 8.1 % | 10.5 % | 13.9 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.46 | 3.75 | 2.62 | 2.80 | 2.80 | 2.80 | 2.80 | |
Shares | 9.0 | 11.5 | 11.7 | 12.6 | 12.6 | 12.6 | 12.6 | 12.6 |
Market cap | 51.4 | 44.0 | 33.1 | 35.4 | 35.4 | 35.4 | 35.4 | |
Enterprise value | 52.4 | 42.9 | 42.0 | 40.3 | 38.7 | 37.2 | 34.7 | |
EV/S | - | 2.3 | 1.5 | 1.1 | 0.9 | 0.8 | 0.8 | 0.7 |
EV/EBITDA | - | 15.4 | 15.2 | 16.1 | 8.3 | 7.8 | 7.1 | 6.2 |
EV/EBIT (adj.) | - | 16.8 | 16.9 | 15.3 | 8.6 | 8.1 | 7.4 | 6.5 |
EV/EBIT | - | 27.4 | 56.3 | - | 28.1 | 26.1 | 21.5 | 16.8 |
P/E (adj.) | - | 19.6 | 22.5 | 16.7 | 12.0 | 9.8 | 9.2 | 7.4 |
P/E | - | 97.3 | 238.9 | - | - | 115.1 | 66.6 | 23.9 |
P/B | - | 4.2 | 3.7 | 2.6 | 2.8 | 3.2 | 3.7 | 4.0 |
P/S | - | 2.3 | 1.5 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 |
Dividend yield | 2.5 % | 2.9 % | 5.0 % | 5.7 % | 6.4 % | 7.1 % | ||
Equity ratio | 42.1 % | 60.6 % | 59.6 % | 38.9 % | 40.0 % | 37.7 % | 34.0 % | 32.6 % |
Gearing ratio | 53.9 % | 7.4 % | -9.2 % | 69.8 % | 39.7 % | 30.7 % | 18.8 % | -7.7 % |
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Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 17.1 | 20.0 | 37.1 | 22.8 | 22.4 | ||||
EBITDA | 1.2 | 1.4 | 2.6 | 2.7 | 2.2 | ||||
EBIT | -0.1 | -0.1 | -0.2 | 1.0 | 0.5 | ||||
Profit before taxes | -0.1 | -0.6 | -0.7 | 0.5 | -0.0 | ||||
Net income | -0.3 | -0.8 | -1.1 | 0.1 | -0.4 |
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Netum signs significant integration solution and service agreement for nine municipalities
Netum updates its strategy and medium-term financial targets for 2025–2027
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![IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/a1c27db3-febe-46a3-abe4-aa20c188fd13.png)
IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly
Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Jari Lilja)
Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Aloma Oy)
Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Osaamo Oy)
Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Cascate Oy)
Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Matti Mujunen)
![IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/2960b8d0-2d5c-48ed-b5e4-0d1f888752df.png)
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
Netum Group Plc: Netum Group Plc’s business review 1 January–31 March 2024
![IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/aefb64e2-4341-4ebe-a0d5-db91c5d85d27.png)
IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance
Netum Group Plc: Resolutions of Netum Group Plc’s Annual General Meeting and of the constitutive meeting of the Board of Directors
![Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/49f03a03-baae-4193-851d-48056aafa15c.png)