TIETOEVRY OYJ (TIETO.OL) Fundamental Analysis & Valuation

OSL:TIETO • FI0009000277

212.8 NOK
+0.8 (+0.38%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This TIETO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to TIETO. TIETO was compared to 75 industry peers in the IT Services industry. Both the profitability and the financial health of TIETO get a neutral evaluation. Nothing too spectacular is happening here. TIETO has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. TIETO.OL Profitability Analysis

1.1 Basic Checks

  • In the past year TIETO was profitable.
  • In the past year TIETO had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: TIETO reported negative net income in multiple years.
  • In the past 5 years TIETO always reported a positive cash flow from operatings.
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 2025 0 100M -100M 200M 300M

1.2 Ratios

  • TIETO's Return On Assets of -6.25% is on the low side compared to the rest of the industry. TIETO is outperformed by 80.00% of its industry peers.
  • The Return On Equity of TIETO (-12.96%) is worse than 76.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.00%, TIETO is doing worse than 60.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TIETO is significantly below the industry average of 11.55%.
  • The 3 year average ROIC (5.48%) for TIETO is below the current ROIC(6.00%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -6.25%
ROE -12.96%
ROIC 6%
ROA(3y)-1.14%
ROA(5y)2.05%
ROE(3y)-2.37%
ROE(5y)3.97%
ROIC(3y)5.48%
ROIC(5y)6.27%
TIETO.OL Yearly ROA, ROE, ROICTIETO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • The Operating Margin of TIETO (8.69%) is better than 62.67% of its industry peers.
  • TIETO's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 77.99%, TIETO is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TIETO has remained more or less at the same level.
Industry RankSector Rank
OM 8.69%
PM (TTM) N/A
GM 77.99%
OM growth 3Y-3.15%
OM growth 5Y1.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.39%
GM growth 5Y0.71%
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 2025 0 20 40 60 80

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5

2. TIETO.OL Health Analysis

2.1 Basic Checks

  • TIETO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TIETO has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TIETO has about the same amount of shares outstanding.
  • TIETO has a better debt/assets ratio than last year.
TIETO.OL Yearly Shares OutstandingTIETO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B

2.2 Solvency

  • TIETO has an Altman-Z score of 3.07. This indicates that TIETO is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.07, TIETO is doing good in the industry, outperforming 65.33% of the companies in the same industry.
  • The Debt to FCF ratio of TIETO is 3.14, which is a good value as it means it would take TIETO, 3.14 years of fcf income to pay off all of its debts.
  • TIETO's Debt to FCF ratio of 3.14 is in line compared to the rest of the industry. TIETO outperforms 54.67% of its industry peers.
  • TIETO has a Debt/Equity ratio of 0.61. This is a neutral value indicating TIETO is somewhat dependend on debt financing.
  • TIETO has a Debt to Equity ratio (0.61) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 3.14
Altman-Z 3.07
ROIC/WACC0.78
WACC7.73%
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 2025 500M 1B 1.5B

2.3 Liquidity

  • TIETO has a Current Ratio of 1.33. This is a normal value and indicates that TIETO is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.33, TIETO is in line with its industry, outperforming 58.67% of the companies in the same industry.
  • TIETO has a Quick Ratio of 1.31. This is a normal value and indicates that TIETO is financially healthy and should not expect problems in meeting its short term obligations.
  • TIETO has a Quick ratio of 1.31. This is in the better half of the industry: TIETO outperforms 65.33% of its industry peers.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 1.31
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 2025 200M 400M 600M 800M 1B

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3

3. TIETO.OL Growth Analysis

3.1 Past

  • TIETO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.60%.
  • Measured over the past years, TIETO shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.50% on average per year.
  • Looking at the last year, TIETO shows a very negative growth in Revenue. The Revenue has decreased by -33.91% in the last year.
  • Measured over the past years, TIETO shows a decrease in Revenue. The Revenue has been decreasing by -7.84% on average per year.
EPS 1Y (TTM)-27.6%
EPS 3Y-16.06%
EPS 5Y-9.5%
EPS Q2Q%-10.2%
Revenue 1Y (TTM)-33.91%
Revenue growth 3Y-14.16%
Revenue growth 5Y-7.84%
Sales Q2Q%-33.56%

3.2 Future

  • TIETO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.25% yearly.
  • The Revenue is expected to grow by 1.02% on average over the next years.
EPS Next Y10.3%
EPS Next 2Y9.11%
EPS Next 3Y10.25%
EPS Next 5YN/A
Revenue Next Year-3.24%
Revenue Next 2Y-0.26%
Revenue Next 3Y1.02%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

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5

4. TIETO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.65, the valuation of TIETO can be described as correct.
  • TIETO's Price/Earnings ratio is a bit cheaper when compared to the industry. TIETO is cheaper than 74.67% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of TIETO to the average of the S&P500 Index (26.29), we can say TIETO is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 12.38 indicates a correct valuation of TIETO.
  • 65.33% of the companies in the same industry are more expensive than TIETO, based on the Price/Forward Earnings ratio.
  • TIETO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.65
Fwd PE 12.38
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TIETO indicates a somewhat cheap valuation: TIETO is cheaper than 68.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TIETO indicates a somewhat cheap valuation: TIETO is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.03
EV/EBITDA 6.03
TIETO.OL Per share dataTIETO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.32
PEG (5Y)N/A
EPS Next 2Y9.11%
EPS Next 3Y10.25%

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6

5. TIETO.OL Dividend Analysis

5.1 Amount

  • TIETO has a Yearly Dividend Yield of 4.76%, which is a nice return.
  • TIETO's Dividend Yield is rather good when compared to the industry average which is at 2.39. TIETO pays more dividend than 85.33% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, TIETO pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.76%

5.2 History

  • The dividend of TIETO is nicely growing with an annual growth rate of 18.70%!
Dividend Growth(5Y)18.7%
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.
  • The dividend of TIETO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-126.48%
EPS Next 2Y9.11%
EPS Next 3Y10.25%
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 2025 0 100M -100M 200M

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TIETO.OL Fundamentals: All Metrics, Ratios and Statistics

TIETOEVRY OYJ

OSL:TIETO (3/6/2026, 7:00:00 PM)

212.8

+0.8 (+0.38%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners54.53%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap25.25B
Revenue(TTM)1.85B
Net Income(TTM)-140.50M
Analysts51.11
Price Target224.22 (5.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.76%
Yearly Dividend16.81
Dividend Growth(5Y)18.7%
DP-126.48%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.45%
Min EPS beat(2)4.7%
Max EPS beat(2)6.19%
EPS beat(4)2
Avg EPS beat(4)-14.5%
Min EPS beat(4)-39.07%
Max EPS beat(4)6.19%
EPS beat(8)2
Avg EPS beat(8)-10.08%
EPS beat(12)2
Avg EPS beat(12)-9.2%
EPS beat(16)4
Avg EPS beat(16)-6.85%
Revenue beat(2)0
Avg Revenue beat(2)-2.11%
Min Revenue beat(2)-2.64%
Max Revenue beat(2)-1.58%
Revenue beat(4)0
Avg Revenue beat(4)-8.94%
Min Revenue beat(4)-28.15%
Max Revenue beat(4)-1.58%
Revenue beat(8)0
Avg Revenue beat(8)-6.44%
Revenue beat(12)0
Avg Revenue beat(12)-5.77%
Revenue beat(16)0
Avg Revenue beat(16)-4.73%
PT rev (1m)3.77%
PT rev (3m)5.37%
EPS NQ rev (1m)4.5%
EPS NQ rev (3m)16.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.09%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)93.52%
Revenue NY rev (1m)-3.49%
Revenue NY rev (3m)-9.26%
Valuation
Industry RankSector Rank
PE 13.65
Fwd PE 12.38
P/S 1.22
P/FCF 10.03
P/OCF 7.61
P/B 2.08
P/tB N/A
EV/EBITDA 6.03
EPS(TTM)15.59
EY7.33%
EPS(NY)17.19
Fwd EY8.08%
FCF(TTM)21.22
FCFY9.97%
OCF(TTM)27.97
OCFY13.14%
SpS175.08
BVpS102.44
TBVpS-41.77
PEG (NY)1.32
PEG (5Y)N/A
Graham Number189.56
Profitability
Industry RankSector Rank
ROA -6.25%
ROE -12.96%
ROCE 8.9%
ROIC 6%
ROICexc 6.51%
ROICexgc 76.8%
OM 8.69%
PM (TTM) N/A
GM 77.99%
FCFM 12.12%
ROA(3y)-1.14%
ROA(5y)2.05%
ROE(3y)-2.37%
ROE(5y)3.97%
ROIC(3y)5.48%
ROIC(5y)6.27%
ROICexc(3y)5.97%
ROICexc(5y)6.94%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.49%
ROCE(5y)9.52%
ROICexgc growth 3Y-17.47%
ROICexgc growth 5Y-6.31%
ROICexc growth 3Y-7.16%
ROICexc growth 5Y1.14%
OM growth 3Y-3.15%
OM growth 5Y1.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.39%
GM growth 5Y0.71%
F-Score4
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 3.14
Debt/EBITDA 1.43
Cap/Depr 23.68%
Cap/Sales 3.85%
Interest Coverage 3.89
Cash Conversion 63.98%
Profit Quality N/A
Current Ratio 1.33
Quick Ratio 1.31
Altman-Z 3.07
F-Score4
WACC7.73%
ROIC/WACC0.78
Cap/Depr(3y)33.57%
Cap/Depr(5y)39.8%
Cap/Sales(3y)3.79%
Cap/Sales(5y)3.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.6%
EPS 3Y-16.06%
EPS 5Y-9.5%
EPS Q2Q%-10.2%
EPS Next Y10.3%
EPS Next 2Y9.11%
EPS Next 3Y10.25%
EPS Next 5YN/A
Revenue 1Y (TTM)-33.91%
Revenue growth 3Y-14.16%
Revenue growth 5Y-7.84%
Sales Q2Q%-33.56%
Revenue Next Year-3.24%
Revenue Next 2Y-0.26%
Revenue Next 3Y1.02%
Revenue Next 5YN/A
EBIT growth 1Y-30.15%
EBIT growth 3Y-16.86%
EBIT growth 5Y-6.76%
EBIT Next Year55.09%
EBIT Next 3Y18.09%
EBIT Next 5YN/A
FCF growth 1Y-6.5%
FCF growth 3Y7.34%
FCF growth 5Y-3.71%
OCF growth 1Y-9.15%
OCF growth 3Y2.24%
OCF growth 5Y-3.56%

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 5 / 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 13.65 and the Price/Book (PB) ratio is 2.08.


Is the dividend of TIETOEVRY OYJ sustainable?

The dividend rating of TIETOEVRY OYJ (TIETO.OL) is 6 / 10 and the dividend payout ratio is -126.48%.