TIETOEVRY OYJ (TIETO.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:TIETO • FI0009000277

197.8 NOK
-1 (-0.5%)
Last: Feb 9, 2026, 07:00 PM
Fundamental Rating

4

Overall TIETO gets a fundamental rating of 4 out of 10. We evaluated TIETO against 74 industry peers in the IT Services industry. While TIETO is still in line with the averages on profitability rating, there are concerns on its financial health. TIETO has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year TIETO was profitable.
  • In the past year TIETO had a positive cash flow from operations.
  • TIETO had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years TIETO had a positive operating cash flow.
TIETO.OL Yearly Net Income VS EBIT VS OCF VS FCFTIETO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

  • The Return On Assets of TIETO (-15.38%) is worse than 87.84% of its industry peers.
  • With a Return On Equity value of -33.88%, TIETO is not doing good in the industry: 81.08% of the companies in the same industry are doing better.
  • TIETO has a Return On Invested Capital (6.87%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TIETO is significantly below the industry average of 26.55%.
Industry RankSector Rank
ROA -15.38%
ROE -33.88%
ROIC 6.87%
ROA(3y)2.8%
ROA(5y)3.83%
ROE(3y)5.6%
ROE(5y)7.73%
ROIC(3y)7.79%
ROIC(5y)7.71%
TIETO.OL Yearly ROA, ROE, ROICTIETO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • TIETO has a Operating Margin (7.49%) which is in line with its industry peers.
  • TIETO's Operating Margin has improved in the last couple of years.
  • TIETO's Gross Margin of 78.87% is fine compared to the rest of the industry. TIETO outperforms 70.27% of its industry peers.
  • In the last couple of years the Gross Margin of TIETO has remained more or less at the same level.
Industry RankSector Rank
OM 7.49%
PM (TTM) N/A
GM 78.87%
OM growth 3Y-11.07%
OM growth 5Y3.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.03%
GM growth 5Y-0.48%
TIETO.OL Yearly Profit, Operating, Gross MarginsTIETO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TIETO is creating some value.
  • Compared to 1 year ago, TIETO has about the same amount of shares outstanding.
  • The number of shares outstanding for TIETO has been increased compared to 5 years ago.
  • The debt/assets ratio for TIETO is higher compared to a year ago.
TIETO.OL Yearly Shares OutstandingTIETO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TIETO.OL Yearly Total Debt VS Total AssetsTIETO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • TIETO has an Altman-Z score of 2.85. This is not the best score and indicates that TIETO is in the grey zone with still only limited risk for bankruptcy at the moment.
  • TIETO's Altman-Z score of 2.85 is in line compared to the rest of the industry. TIETO outperforms 56.76% of its industry peers.
  • The Debt to FCF ratio of TIETO is 2.94, which is a good value as it means it would take TIETO, 2.94 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TIETO (2.94) is better than 60.81% of its industry peers.
  • A Debt/Equity ratio of 0.64 indicates that TIETO is somewhat dependend on debt financing.
  • TIETO has a Debt to Equity ratio (0.64) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 2.94
Altman-Z 2.85
ROIC/WACC0.91
WACC7.58%
TIETO.OL Yearly LT Debt VS Equity VS FCFTIETO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that TIETO may have some problems paying its short term obligations.
  • TIETO has a worse Current ratio (0.96) than 68.92% of its industry peers.
  • A Quick Ratio of 0.95 indicates that TIETO may have some problems paying its short term obligations.
  • The Quick ratio of TIETO (0.95) is worse than 64.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.95
TIETO.OL Yearly Current Assets VS Current LiabilitesTIETO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2

3. Growth

3.1 Past

  • TIETO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -28.36%.
  • Measured over the past 5 years, TIETO shows a small growth in Earnings Per Share. The EPS has been growing by 1.76% on average per year.
  • TIETO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -26.94%.
  • TIETO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.08% yearly.
EPS 1Y (TTM)-28.36%
EPS 3Y-2.48%
EPS 5Y1.76%
EPS Q2Q%2.04%
Revenue 1Y (TTM)-26.94%
Revenue growth 3Y-0.25%
Revenue growth 5Y10.08%
Sales Q2Q%-30.66%

3.2 Future

  • Based on estimates for the next years, TIETO will show a decrease in Earnings Per Share. The EPS will decrease by -0.76% on average per year.
  • TIETO is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.35% yearly.
EPS Next Y-23.82%
EPS Next 2Y-10.64%
EPS Next 3Y-4.83%
EPS Next 5Y-0.76%
Revenue Next Year-34.02%
Revenue Next 2Y-18.77%
Revenue Next 3Y-11.82%
Revenue Next 5Y-8.35%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TIETO.OL Yearly Revenue VS EstimatesTIETO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
TIETO.OL Yearly EPS VS EstimatesTIETO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.02, which indicates a correct valuation of TIETO.
  • TIETO's Price/Earnings ratio is rather cheap when compared to the industry. TIETO is cheaper than 85.14% of the companies in the same industry.
  • TIETO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
  • Based on the Price/Forward Earnings ratio of 11.29, the valuation of TIETO can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, TIETO is valued a bit cheaper than the industry average as 75.68% of the companies are valued more expensively.
  • TIETO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.86.
Industry RankSector Rank
PE 12.02
Fwd PE 11.29
TIETO.OL Price Earnings VS Forward Price EarningsTIETO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 93.24% of the companies in the same industry are more expensive than TIETO, based on the Enterprise Value to EBITDA ratio.
  • TIETO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TIETO is cheaper than 77.03% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.42
EV/EBITDA 3.84
TIETO.OL Per share dataTIETO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100 150 200

4.3 Compensation for Growth

  • TIETO's earnings are expected to decrease with -4.83% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)6.85
EPS Next 2Y-10.64%
EPS Next 3Y-4.83%

6

5. Dividend

5.1 Amount

  • TIETO has a Yearly Dividend Yield of 8.58%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.44, TIETO pays a better dividend. On top of this TIETO pays more dividend than 97.30% of the companies listed in the same industry.
  • TIETO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 8.58%

5.2 History

  • The dividend of TIETO has a limited annual growth rate of 5.62%.
Dividend Growth(5Y)5.62%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • The earnings of TIETO are negative and hence is the payout ratio. TIETO will probably not be able to sustain this dividend level.
DP-50.06%
EPS Next 2Y-10.64%
EPS Next 3Y-4.83%
TIETO.OL Yearly Income VS Free CF VS DividendTIETO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

TIETOEVRY OYJ

OSL:TIETO (2/9/2026, 7:00:00 PM)

197.8

-1 (-0.5%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)10-23
Earnings (Next)02-12
Inst Owners54.53%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap23.47B
Revenue(TTM)2.09B
Net Income(TTM)-352.00M
Analysts52.22
Price Target214.61 (8.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.58%
Yearly Dividend16.86
Dividend Growth(5Y)5.62%
DP-50.06%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.82%
Min EPS beat(2)-29.82%
Max EPS beat(2)6.19%
EPS beat(4)1
Avg EPS beat(4)-18.61%
Min EPS beat(4)-39.07%
Max EPS beat(4)6.19%
EPS beat(8)1
Avg EPS beat(8)-12.22%
EPS beat(12)2
Avg EPS beat(12)-9.33%
EPS beat(16)3
Avg EPS beat(16)-7.61%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-3.37%
Max Revenue beat(2)-1.58%
Revenue beat(4)0
Avg Revenue beat(4)-9.6%
Min Revenue beat(4)-28.15%
Max Revenue beat(4)-1.58%
Revenue beat(8)0
Avg Revenue beat(8)-6.42%
Revenue beat(12)0
Avg Revenue beat(12)-5.8%
Revenue beat(16)0
Avg Revenue beat(16)-4.64%
PT rev (1m)-1.92%
PT rev (3m)6.89%
EPS NQ rev (1m)-0.61%
EPS NQ rev (3m)4.04%
EPS NY rev (1m)2.16%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)-3.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.43%
Valuation
Industry RankSector Rank
PE 12.02
Fwd PE 11.29
P/S 0.98
P/FCF 8.42
P/OCF 6.4
P/B 1.98
P/tB N/A
EV/EBITDA 3.84
EPS(TTM)16.46
EY8.32%
EPS(NY)17.52
Fwd EY8.86%
FCF(TTM)23.5
FCFY11.88%
OCF(TTM)30.92
OCFY15.63%
SpS201.03
BVpS100.08
TBVpS-57.39
PEG (NY)N/A
PEG (5Y)6.85
Graham Number192.52
Profitability
Industry RankSector Rank
ROA -15.38%
ROE -33.88%
ROCE 8.81%
ROIC 6.87%
ROICexc 7.54%
ROICexgc N/A
OM 7.49%
PM (TTM) N/A
GM 78.87%
FCFM 11.69%
ROA(3y)2.8%
ROA(5y)3.83%
ROE(3y)5.6%
ROE(5y)7.73%
ROIC(3y)7.79%
ROIC(5y)7.71%
ROICexc(3y)8.56%
ROICexc(5y)8.57%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.54%
ROCE(5y)10.23%
ROICexgc growth 3Y-30.89%
ROICexgc growth 5Y-50.16%
ROICexc growth 3Y-8.05%
ROICexc growth 5Y16.47%
OM growth 3Y-11.07%
OM growth 5Y3.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.03%
GM growth 5Y-0.48%
F-Score5
Asset Turnover0.91
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 2.94
Debt/EBITDA 0.99
Cap/Depr 14.82%
Cap/Sales 3.69%
Interest Coverage 250
Cash Conversion 47.45%
Profit Quality N/A
Current Ratio 0.96
Quick Ratio 0.95
Altman-Z 2.85
F-Score5
WACC7.58%
ROIC/WACC0.91
Cap/Depr(3y)43.1%
Cap/Depr(5y)43.19%
Cap/Sales(3y)3.09%
Cap/Sales(5y)3.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-28.36%
EPS 3Y-2.48%
EPS 5Y1.76%
EPS Q2Q%2.04%
EPS Next Y-23.82%
EPS Next 2Y-10.64%
EPS Next 3Y-4.83%
EPS Next 5Y-0.76%
Revenue 1Y (TTM)-26.94%
Revenue growth 3Y-0.25%
Revenue growth 5Y10.08%
Sales Q2Q%-30.66%
Revenue Next Year-34.02%
Revenue Next 2Y-18.77%
Revenue Next 3Y-11.82%
Revenue Next 5Y-8.35%
EBIT growth 1Y-39.7%
EBIT growth 3Y-11.29%
EBIT growth 5Y13.74%
EBIT Next Year-19.98%
EBIT Next 3Y2.99%
EBIT Next 5Y2.76%
FCF growth 1Y23.62%
FCF growth 3Y-5.74%
FCF growth 5Y1.13%
OCF growth 1Y14.89%
OCF growth 3Y-3.94%
OCF growth 5Y3.19%

TIETOEVRY OYJ / TIETO.OL FAQ

What is the fundamental rating for TIETO stock?

ChartMill assigns a fundamental rating of 4 / 10 to TIETO.OL.


Can you provide the valuation status for TIETOEVRY OYJ?

ChartMill assigns a valuation rating of 6 / 10 to TIETOEVRY OYJ (TIETO.OL). This can be considered as Fairly Valued.


What is the profitability of TIETO stock?

TIETOEVRY OYJ (TIETO.OL) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for TIETO stock?

The Price/Earnings (PE) ratio for TIETOEVRY OYJ (TIETO.OL) is 12.02 and the Price/Book (PB) ratio is 1.98.


Is the dividend of TIETOEVRY OYJ sustainable?

The dividend rating of TIETOEVRY OYJ (TIETO.OL) is 6 / 10 and the dividend payout ratio is -50.06%.