Tieto Oyj
Tieto Oyj operates as a software and digital engineering company in Norway, Sweden, Finland, and internationally. It operates through four segments: Tieto Tech Consulting, Tieto Banktech, Tieto Caretech, and Tieto Indtech Services. The Tieto Tech Consulting segment provides business advisory and de…
Tieto Oyj operates as a software and digital engineering company in Norway, Sweden, Finland, and internationally. It operates through four segments: Tieto Tech Consulting, Tieto Banktech, Tieto Caretech, and Tieto Indtech Services. The Tieto Tech Consulting segment provides business advisory and design, data engineering, and other software research and development services. The Tieto Banktech segment offers Banking-as-a-Service platform and software products for payments, cards, wealth management, financial crime prevention, and credit domains. The Tieto Caretech segment provides modular, open, and interoperable software for customers in the health and social care sectors. The Tieto Indtech segment offers software and services to various industries, such as case management, pulp, paper, and fiber; and supports processes, including billing and invoicing and industry messaging, as well as purchase-to-pay process automation. It serves automotive, banking and financial services, education, energy and utilities, healthcare and welfare, manufacturing, public sector, pulp, paper, fibre, packaging and tissue, and telecom sectors. The company was formerly known as TietoEVRY Oyj and changed its name to Tieto Oyj in March 2026. Tieto Oyj was incorporated in 1968 and is headquartered in Espoo, Finland.Priced within the modelled range
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Details and the full model are below.
Market price within modeled range
Showing the FCFF (steady state) you selected on the company card, using 2% growth, 3.25% terminal growth and 11.5% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 2%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 2.0% (sector default 8.5%, own revenue history -10.0%, analyst revenue consensus 0.1%).
5-year outlook: relative outlook of about 4.4% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 0.2% a year; the growth assumption used is 2.0%.
Adjust assumptions
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Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — EUR 16.11 (-12.3%)
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EPS-based Gordon proxy
— EUR 21.98 (+19.7%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— EUR 11.96 (-34.9%)
Not used: Not chosen: Dividend discount model ranks ahead of it for this company.
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FCFF (steady state)
— EUR 12.83 (-30.1%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— EUR 43.88 (+138.9%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— EUR 12.00 (-34.7%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— EUR 82.16 (+347.2%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear EUR 9.37 | -96.1% |
| Base EUR 12.83 | -43.1% |
| Bull EUR 18.52 | 0.8% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 76 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 3 of 5 years profitable | 12 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue -12.3% a year | 4 / 20 |
| Balance sheet | net debt 1.1x EBITDA | 20 / 20 |
| Margins | EBITDA margin 26% | 20 / 20 |
Peers in Information Technology
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| TIETO.HE (this company) | EUR 18.37 | -14.1% | 9.0 | 1.9 | 8.2% | 76 |
| SMCI Supermicro | USD 28.56 | 48.1% | 8.9 | 1.4 | – | 68 |
| ADBE Adobe Inc. | USD 240.53 | 43.9% | 13.0 | 8.1 | – | 100 |
| SNDK Sandisk | USD 873.36 | 39.5% | 6.9 | 7.4 | – | 76 |
| IT Gartner | USD 190.76 | 38.1% | 12.8 | – | – | 92 |
| INTU Intuit | USD 346.10 | 33.6% | 20.6 | 5.0 | 1.4% | 100 |
| HPQ HP Inc. | USD 29.33 | 31.9% | 11.1 | – | 4.0% | 64 |
| GIB-A.TO CGI Inc. | CAD 113.61 | 28.1% | 13.7 | 2.3 | 0.6% | 90 |
| FSLR First Solar | USD 196.17 | 25.8% | 11.4 | 1.9 | – | 84 |
| Peer median | 12.1 | 3.6 | ||||
Dividends
Paid in the last 12 months: EUR 0.88 per share · yield 4.79% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.880 |
| 2025 | 1.500 |
| 2024 | 1.470 |
| 2023 | 1.450 |
| 2022 | 1.400 |
| 2021 | 1.320 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 16:50
| Revenue | EUR 1,728,700,000 |
|---|---|
| EBITDA | EUR 448,300,000 |
| EBIT | EUR 376,200,000 |
| Net income | EUR 228,800,000 |
| Free cash flow | EUR 152,600,000 |
| Capital expenditures | EUR 58,300,000 |
| Debt | EUR 723,000,000 |
| Cash | EUR 247,400,000 |
| Working capital | EUR 74,500,000 |
| Shares outstanding | 111,756,745 |