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Talenom Oyj

HLSE:TNOM
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNOM
HLSE
€320M
Market Cap
  1. Home
  2. FI
  3. Commercial Services
Company description

Talenom Oyj provides accounting services for small and medium enterprises in Finland. The last earnings update was 182 days ago. More info.


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TNOM Share Price and Events
7 Day Returns
-3.2%
HLSE:TNOM
0.2%
FI Professional Services
-0.5%
FI Market
1 Year Returns
111.3%
HLSE:TNOM
54.9%
FI Professional Services
9.2%
FI Market
TNOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Talenom Oyj (TNOM) -3.2% 2.3% 25% 111.3% 516.4% -
FI Professional Services 0.2% 10.1% 28.8% 54.9% 107.8% 70.3%
FI Market -0.5% 3.2% 6.6% 9.2% 16.4% 22.2%
1 Year Return vs Industry and Market
  • TNOM outperformed the Professional Services industry which returned 54.9% over the past year.
  • TNOM outperformed the Market in Finland which returned 9.2% over the past year.
Price Volatility
TNOM
Industry
5yr Volatility vs Market

Value

 Is Talenom Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Talenom Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Talenom Oyj.

HLSE:TNOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year FI Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:TNOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 20%) (8.76%))
0.926
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.926 * 5.94%)
5.39%

Discounted Cash Flow Calculation for HLSE:TNOM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Talenom Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

HLSE:TNOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.39%)
2020 7.97 Analyst x3 7.56
2021 9.93 Analyst x3 8.94
2022 13.45 Analyst x2 11.49
2023 15.10 Analyst x2 12.24
2024 14.60 Analyst x1 11.23
2025 14.28 Est @ -2.2% 10.42
2026 14.05 Est @ -1.57% 9.73
2027 13.90 Est @ -1.13% 9.13
2028 13.78 Est @ -0.83% 8.59
2029 13.70 Est @ -0.61% 8.10
Present value of next 10 years cash flows €97.00
HLSE:TNOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €13.70 × (1 + -0.11%) ÷ (5.39% – -0.11%)
€248.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €248.67 ÷ (1 + 5.39%)10
€147.08
HLSE:TNOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €97.00 + €147.08
€244.08
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €244.08 / 6.95
€35.13
HLSE:TNOM Discount to Share Price
Calculation Result
Value per share (EUR) From above. €35.13
Current discount Discount to share price of €45.00
= -1 x (€45.00 - €35.13) / €35.13
-28.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Talenom Oyj is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Talenom Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Talenom Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:TNOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.07
HLSE:TNOM Share Price ** HLSE (2020-01-27) in EUR €45
Finland Professional Services Industry PE Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 42.2x
Finland Market PE Ratio Median Figure of 95 Publicly-Listed Companies 20.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Talenom Oyj.

HLSE:TNOM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:TNOM Share Price ÷ EPS (both in EUR)

= 45 ÷ 1.07

41.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Talenom Oyj is good value based on earnings compared to the FI Professional Services industry average.
  • Talenom Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Talenom Oyj's expected growth come at a high price?
Raw Data
HLSE:TNOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
19.7%per year
Finland Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 2.18x
Finland Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

HLSE:TNOM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.96x ÷ 19.7%

2.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Talenom Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Talenom Oyj's assets?
Raw Data
HLSE:TNOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €3.06
HLSE:TNOM Share Price * HLSE (2020-01-27) in EUR €45
Finland Professional Services Industry PB Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 1.68x
Finland Market PB Ratio Median Figure of 138 Publicly-Listed Companies 2.24x
HLSE:TNOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:TNOM Share Price ÷ Book Value per Share (both in EUR)

= 45 ÷ 3.06

14.69x

* Primary Listing of Talenom Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Talenom Oyj is overvalued based on assets compared to the FI Professional Services industry average.
X
Value checks
We assess Talenom Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Talenom Oyj has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Talenom Oyj expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Talenom Oyj expected to grow at an attractive rate?
  • Talenom Oyj's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Talenom Oyj's earnings growth is expected to exceed the Finland market average.
  • Talenom Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:TNOM Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:TNOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 19.7%
HLSE:TNOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 14.9%
Finland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 23.9%
Finland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:TNOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:TNOM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 35
2023-12-31 104 31 18 1
2022-12-31 93 28 16 2
2021-12-31 80 24 13 3
2020-12-31 69 21 11 3
2020-01-27
2019-12-31 58 17 8 3
HLSE:TNOM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 53 16 7
2019-03-31 51 14 7
2018-12-31 49 12 6
2018-09-30 47 12 6
2018-06-30 45 12 5
2018-03-31 43 11 4
2017-12-31 41 10 3
2017-09-30 40 9 3
2017-06-30 39 8 3
2017-03-31 38 7 3
2016-12-31 37 7 3
2016-09-30 36 6 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Talenom Oyj's earnings are expected to grow by 19.7% yearly, however this is not considered high growth (20% yearly).
  • Talenom Oyj's revenue is expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:TNOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Talenom Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TNOM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 2.58 2.58 2.58 1.00
2022-12-31 2.24 2.25 2.23 2.00
2021-12-31 1.88 1.93 1.82 3.00
2020-12-31 1.58 1.62 1.55 3.00
2020-01-27
2019-12-31 1.21 1.23 1.19 3.00
HLSE:TNOM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.07
2019-03-31 1.00
2018-12-31 0.93
2018-09-30 0.83
2018-06-30 0.73
2018-03-31 0.62
2017-12-31 0.50
2017-09-30 0.50
2017-06-30 0.49
2017-03-31 0.46
2016-12-31 0.43
2016-09-30 0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Talenom Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Talenom Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Talenom Oyj has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Talenom Oyj performed over the past 5 years?

  • Talenom Oyj's last earnings update was 182 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Talenom Oyj's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Talenom Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Talenom Oyj's 1-year earnings growth is less than its 5-year average (47.1% vs 66.6%)
  • Talenom Oyj's earnings growth has exceeded the FI Professional Services industry average in the past year (47.1% vs 36.1%).
Earnings and Revenue History
Talenom Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Talenom Oyj Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:TNOM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 53.14 7.38
2019-03-31 51.01 6.87
2018-12-31 48.87 6.36
2018-09-30 47.07 5.69
2018-06-30 45.28 5.02
2018-03-31 43.35 4.22
2017-12-31 41.42 3.41
2017-09-30 40.27 3.37 0.10
2017-06-30 39.11 3.33 0.20
2017-03-31 38.03 3.11 0.20
2016-12-31 36.96 2.90 0.20
2016-09-30 36.24 1.45 0.10
2016-06-30 35.53 0.00
2016-03-31 34.26 -1.22
2015-12-31 33.00 -2.44
2015-09-30 30.72 -2.78
2015-06-30 31.26 -0.60
2015-03-31 30.42 -0.28
2014-12-31 28.17 -1.23
2013-12-31 25.94 -0.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Talenom Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Talenom Oyj used its assets more efficiently than the FI Professional Services industry average last year based on Return on Assets.
  • Talenom Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Talenom Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Talenom Oyj has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Talenom Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Talenom Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Talenom Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Talenom Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Talenom Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Talenom Oyj Company Filings, last reported 6 months ago.

HLSE:TNOM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 21.34 28.00 8.42
2019-03-31 21.34 28.00 8.42
2018-12-31 18.69 23.62 5.91
2018-09-30 18.69 23.62 5.91
2018-06-30 16.19 22.64 4.04
2018-03-31 16.19 22.64 4.04
2017-12-31 13.94 22.64 4.88
2017-09-30 13.94 22.64 4.88
2017-06-30 12.81 22.50 3.76
2017-03-31 12.81 22.50 3.76
2016-12-31 11.71 22.72 4.33
2016-09-30 11.71 22.72 4.33
2016-06-30
2016-03-31 9.93 23.50 5.36
2015-12-31 9.93 23.50 5.36
2015-09-30 9.93 23.50 5.36
2015-06-30 11.85 17.00 7.64
2015-03-31 11.85 17.00 7.64
2014-12-31 0.72 14.91 1.59
2013-12-31 0.65 23.72 0.91
  • Talenom Oyj's level of debt (131.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2837.8% vs 131.2% today).
  • Debt is well covered by operating cash flow (58.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).
X
Financial health checks
We assess Talenom Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Talenom Oyj has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Talenom Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Talenom Oyj dividends. Estimated to be 2.4% next year.
If you bought €2,000 of Talenom Oyj shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Talenom Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Talenom Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:TNOM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Finland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.5%
Finland Market Average Dividend Yield Market Cap Weighted Average of 99 Stocks 4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.1%
Finland Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:TNOM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 1.30 1.00
2022-12-31 1.20 1.00
2021-12-31 1.14 3.00
2020-12-31 0.91 3.00
2020-01-27
2019-12-31 0.72 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Talenom Oyj has not reported any payouts.
  • Unable to verify if Talenom Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Talenom Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Talenom Oyj has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Talenom Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Talenom Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Talenom Oyj has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Talenom Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Otto-Pekka Huhtala
AGE 39
TENURE AS CEO 0.5 years
CEO Bio

Mr. Otto-Pekka Huhtala, M.S. (Econ.) serves as Chief Executive Officer of Talenom Oyj since July 29, 2019. He had been Deputy Chief Executive Officer of Talenom. He serves as Vice Chairman of Management Board and served asDevelopment Manager at Talenom Oyj. He has worked in different positions in the company since 2002. He has graduated from the University of Vaasa as Master of Science (Economics) majoring in industrial engineering.

CEO Compensation
  • Insufficient data for Otto-Pekka to compare compensation growth.
  • Insufficient data for Otto-Pekka to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team

Otto-Pekka Huhtala

TITLE
CEO & Vice Chairman of Management Board
AGE
39
TENURE
0.5 yrs

Jussi Paaso

TITLE
Chairman of Management Board
AGE
40

Antti Aho

TITLE
CFO, Human Resources Officer & Member of Management Board

Timo Hintsala

TITLE
Member of Management Board & Director of Customer Relationships and Expert Services

Juha Jutila

TITLE
Director of Business Development & Member of Executive Board
AGE
49
TENURE
0.4 yrs

Sakari Jorma

TITLE
CTO, Chief Information Officer & Director

Markku Hurme

TITLE
Executive Officer

Matti Eilonen

TITLE
Executive Officer
Board of Directors

Harri Tahkola

TITLE
Chairman
AGE
47

Sakari Jorma

TITLE
CTO, Chief Information Officer & Director
TENURE
4.4 yrs

Mikko Siuruainen

TITLE
Director
AGE
41

Taisto Riski

TITLE
Director
AGE
72

Olli Hyyppa

TITLE
Director
AGE
50
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Talenom Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Talenom Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Talenom Oyj (HEL:TNOM) Has A Pretty Healthy Balance Sheet

HLSE:TNOM Historical Debt, August 28th 2019 A Look At Talenom Oyj's Liabilities According to the last reported balance sheet, Talenom Oyj had liabilities of €11.4m due within 12 months, and liabilities of €28.3m due beyond 12 months. … Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. … Over the most recent three years, Talenom Oyj recorded free cash flow worth 51% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Here's Why I Think Talenom Oyj (HEL:TNOM) Is An Interesting Stock

Check out our latest analysis for Talenom Oyj Talenom Oyj's Improving Profits Over the last three years, Talenom Oyj has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. … For growth investors like me, Talenom Oyj's raw rate of earnings growth is a beacon in the night. … But as a growth investor I always like to check out companies that do have those features.

Simply Wall St -

Does This Valuation Of Talenom Oyj (HEL:TNOM) Imply Investors Are Overpaying?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Talenom Oyj (HEL:TNOM) as an investment opportunity by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €7.3m €9.8m €11.9m €12.3m €12.6m €12.9m €13.1m €13.3m €13.4m €13.6m Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Analyst x2 Est @ 2.77% Est @ 2.1% Est @ 1.63% Est @ 1.31% Est @ 1.08% Est @ 0.92% Present Value (€, Millions) Discounted @ 6.76% €6.8 €8.6 €9.7 €9.5 €9.1 €8.7 €8.3 €7.9 €7.5 €7.0 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €83.0m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €14m × (1 + 0.5%) ÷ (6.8% – 0.5%) = €219m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€219m ÷ ( 1 + 6.8%)10 = €113.82m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €196.87m.

Simply Wall St -

Will Talenom Oyj's (HEL:TNOM) Earnings Grow Over The Next Year?

After Talenom Oyj's (HEL:TNOM) earnings announcement in December 2018, analysts seem cautiously optimistic, as a 42% increase in profits is expected in the upcoming year, though this is comparatively lower than the previous 5-year average earnings growth of 68%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of TNOM's earnings growth over these next few years. … HLSE:TNOM Past and Future Earnings, July 24th 2019 By 2022, TNOM's earnings should reach €14m, from current levels of €6.4m, resulting in an annual growth rate of 22%.

Simply Wall St -

Can Talenom Oyj (HEL:TNOM) Maintain Its Strong Returns?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Talenom Oyj: 34% = €6.4m ÷ €19m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Talenom Oyj's Debt And Its 34% Return On Equity Talenom Oyj clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.26. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

If You Had Bought Talenom Oyj (HEL:TNOM) Shares Three Years Ago You'd Have Made 489%

Take, for example, the Talenom Oyj (HEL:TNOM) share price, which skyrocketed 489% over three years. … We'd be remiss not to mention the difference between Talenom Oyj's total shareholder return (TSR) and its share price return. … We note that Talenom Oyj's TSR, at 532% is higher than its share price return of 489%.

Simply Wall St -

What Can We Make Of Talenom Oyj’s (HEL:TNOM) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Talenom Oyj: 0.22 = €9.4m ÷ (€51m - €8.6m) (Based on the trailing twelve months to December 2018.) Therefore, Talenom Oyj has an ROCE of 22%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … The Bottom Line On Talenom Oyj's ROCE With low current liabilities and a high ROCE, Talenom Oyj could be worthy of further investigation.

Simply Wall St -

Do Institutions Own Talenom Oyj (HEL:TNOM) Shares?

With a market capitalization of €238m, Talenom Oyj is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … Check out our latest analysis for Talenom Oyj HLSE:TNOM Ownership Summary, June 3rd 2019 What Does The Institutional Ownership Tell Us About Talenom Oyj?

Simply Wall St -

Are Talenom Oyj's (HEL:TNOM) Interest Costs Too High?

At this constant level of debt, the current cash and short-term investment levels stands at €5.9m , ready to be used for running the business. … On top of this, TNOM has produced €12m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 52%, signalling that TNOM’s operating cash is sufficient to cover its debt. … Looking at TNOM’s €8.6m in current liabilities, it seems that the business has been able to meet these commitments with a current assets level of €11m, leading to a 1.32x current account ratio.

Simply Wall St -

When Should You Buy Talenom Oyj (HEL:TNOM)?

In addition to this, it seems like Talenom Oyj’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe TNOM should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Company Info

Description

Talenom Oyj provides accounting services for small and medium enterprises in Finland. It offers accounting services, such as bookkeeping, financial performance monitoring, sales invoicing, invoice payment, and payroll services; and taxation, legal, financial, and ownership restructuring services. The company also provides Talenom Online, an electronic financial management Web service; Talenom App, a mobile phone application for delivering accounting documents and travel invoices; Talenom Link, a service that allows transfer of sales invoice information and employee’s working hour information to payroll; and partnership solutions. In addition, it prepares business plans for new entrepreneurs, as well as various establishment documents required by relevant authorities; and advices on available financing sources. Talenom Oyj was founded in 1972 and is based in Oulu, Finland.

Details
Name: Talenom Oyj
TNOM
Exchange: HLSE
Founded: 1972
€319,588,312
6,947,572
Website: http://www.talenom.fi
Address: Talenom Oyj
Yrttipellontie 2,
Oulu,
Northern Ostrobothnia, 90230,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE TNOM Share Capital OMX Nordic Exchange Helsinki FI EUR 11. Jun 2015
LSE 0RQI Share Capital London Stock Exchange GB EUR 11. Jun 2015
BATS-CHIXE TNOMH Share Capital BATS 'Chi-X Europe' GB EUR 11. Jun 2015
Number of employees
Current staff
Staff numbers
699
Talenom Oyj employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/27 22:50
End of day share price update: 2020/01/27 00:00
Last estimates confirmation: 2020/01/26
Last earnings filing: 2019/07/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.