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Etteplan Oyj (ETTE.HE)

EUR7.42 +0.04 (+0.54%)
FI HEL Industrials Engineering & Construction
Address Tekniikantie 4 D 2150
Espoo, FI
CEO Juha Nakki
IPO 2000-04-27
ISIN FI0009008650

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Description

Etteplan Oyj specializes in offering comprehensive solutions and services across industrial equipment and plant engineering, software and embedded systems development, and technical documentation. The company maintains a significant market presence in Finland, Scandinavia, Central Europe, and China. Its operations are structured around three core segments: Engineering Solutions, Software and Embedded Solutions, and Technical Documentation Solutions. Within Engineering Solutions, Etteplan delivers a range of services from engineering analysis, project management, and advanced additive manufacturing to specialized fields like safety, systems, electrical, plant, and mechanical engineering. This segment also encompasses climate testing facilities, portable power services including traction and stationary batteries, automation solutions, and virtual machine simulation models. The Software and Embedded Solutions segment is adept at creating solutions for cellular, local area, and low-power wide area networks, alongside high-speed design, electromagnetic simulation, electronics design, cybersecurity, and embedded software development. For Technical Documentation Solutions, the company streamlines information management for assets, products, installations, users, operators, maintenance, and parts. This includes localization and technical translation, advanced visualizations, dedicated technical documentation software, and digital product and training content. Beyond these core areas, Etteplan offers critical support services such as failure analysis, quality assurance, regulatory compliance consulting, software test automation, product safety, and training. It also conducts a wide array of specialized testing, including EMC, HVAC, environmental, RF spectrum, antenna, RF IOP, and radio interference testing, as well as production testing and measurement. Additionally, Etteplan engages in application development, provides business-critical solutions, and specializes in user experience (UX) and service design. Its extensive client base spans diverse sectors, including aerospace, defense, automotive, consumer goods, energy and power transmission, industrial machinery and components, lifting and hoisting, medical technology, metals, mining and materials handling, offshore and marine, telecommunications, and the forest, pulp, and paper industries. Established in 1983 and headquartered in Espoo, Finland, Etteplan Oyj operates as a subsidiary of Ingman Group Oy Ab.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR7.42 +0.04 (+0.54%)
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Volume Profile
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Liquidity & share structure
Average Volume
5.7K
Beta
0.58
Float Shares
4.48M
Free Float %
17.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.83% +8.03% -0.76% -12.75% -18.41% -16.31% -33.33% -53.01% -50.79% +80.14% +310.53%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.42
DCF (Unlevered) 112.75 +1,419.6%
DCF (Levered) 78.23 +954.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 0 -1
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.45
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +0.1% Q1'26: -4.6% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +2.4% Q1'26: -55.6% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +7.7% Q1'26: +4.5% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +4.9% Q1'26: +3.2% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +7.0% Q1'26: +4.5% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +0.0% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    3.02× Q1'26: 3.38× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.58) × ERP
WACC = 64% × Ke + 36% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 113.56 Current price: 7.42
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
141.14M
est: 140.20M (+0.7%)
183.94M
est: 181.40M (+1.4%)
214.77M
est: 214.83M (0.0%)
236.48M
est: 238.18M (-0.7%)
263.29M
est: 263.71M (-0.2%)
259.70M
est: 259.90M (-0.1%)
300.11M
est: 297.27M (+1.0%)
350.17M
est: 356.06M (-1.7%)
359.95M
est: 364.89M (-1.4%)
361.02M
est: 362.80M (-0.5%)
361.42M
est: 363.00M (-0.4%)
360.68M
357.61M – 364.30M
-0.6% YoY
373.13M
370.46M – 377.65M
+3.5% YoY
386.83M
386.35M – 387.30M
+3.7% YoY
395.00M
391.92M – 399.39M
+2.1% YoY
EBITDA
11.66M
est: 18.36M (-36.5%)
15.16M
est: 23.75M (-36.2%)
20.88M
est: 28.13M (-25.8%)
26.09M
est: 31.19M (-16.4%)
37.53M
est: 34.53M (+8.7%)
40.25M
est: 34.03M (+18.3%)
44.19M
est: 38.93M (+13.5%)
43.96M
est: 46.63M (-5.7%)
44.40M
est: 43.84M (+1.3%)
37.41M
est: 43.58M (-14.2%)
36.47M
est: 43.61M (-16.4%)
43.33M
42.96M – 43.77M
-0.6% YoY
44.83M
44.51M – 45.37M
+3.5% YoY
46.47M
46.41M – 46.53M
+3.7% YoY
47.45M
47.08M – 47.98M
+2.1% YoY
EBIT
8.46M
est: 10.25M (-17.4%)
10.19M
est: 13.26M (-23.1%)
15.36M
est: 15.71M (-2.2%)
20.15M
est: 17.41M (+15.7%)
22.82M
est: 19.28M (+18.3%)
22.07M
est: 19.00M (+16.1%)
26.35M
est: 21.73M (+21.2%)
23.94M
est: 26.03M (-8.0%)
25.36M
est: 24.04M (+5.5%)
19.09M
est: 23.90M (-20.1%)
17.87M
est: 23.91M (-25.3%)
23.76M
23.56M – 24.00M
-0.6% YoY
24.58M
24.41M – 24.88M
+3.5% YoY
25.48M
25.45M – 25.51M
+3.7% YoY
26.02M
25.82M – 26.31M
+2.1% YoY
Net Income
6.12M
est: 7.92M (-22.7%)
7.44M
est: 9.42M (-21.1%)
11.47M
est: 12.20M (-6.0%)
15.28M
est: 15.50M (-1.4%)
17.39M
est: 18.08M (-3.8%)
17.08M
est: 17.93M (-4.7%)
20.04M
est: 20.20M (-0.8%)
18.15M
est: 23.88M (-24.0%)
16.65M
est: 15.85M (+5.0%)
10.40M
est: 15.69M (-33.7%)
10.57M
est: 15.94M (-33.7%)
15.36M
12.54M – 18.17M
-3.7% YoY
17.10M
16.68M – 25.14M
+11.4% YoY
20.43M
20.19M – 25.09M
+19.5% YoY
23.23M
23.00M – 23.57M
+13.7% YoY
SGA
20.38M
est: 1.22M (+1,572.0%)
26.44M
est: 1.58M (+1,576.1%)
29.02M
est: 1.87M (+1,453.5%)
8.28M
est: 2.07M (+299.9%)
8.29M
est: 2.29M (+261.5%)
8.24M
est: 2.26M (+264.4%)
867.0K
est: 2.58M (-66.5%)
1.13M
est: 3.10M (-63.5%)
937.0K
est: 8.52M (-89.0%)
1.10M
est: 8.47M (-87.0%)
37.96M
est: 8.48M (+347.7%)
8.42M
8.35M – 8.51M
-0.6% YoY
8.71M
8.65M – 8.82M
+3.5% YoY
9.03M
9.02M – 9.05M
+3.7% YoY
9.23M
9.15M – 9.33M
+2.1% YoY
EPS
0.28
est: 0.31 (-10.7%)
0.33
est: 0.37 (-11.6%)
0.47
est: 0.48 (-2.8%)
0.62
est: 0.61 (+1.0%)
0.70
est: 0.72 (-2.2%)
0.69
est: 0.71 (-2.8%)
0.81
est: 0.80 (+1.3%)
0.72
est: 0.95 (-23.9%)
0.66
est: 0.63 (+4.2%)
0.41
est: 0.62 (-33.9%)
0.42
est: 0.63 (-33.3%)
0.63
0.50 – 0.72
-0.8% YoY
0.81
0.66 – 1.00
+28.8% YoY
0.93
0.80 – 0.99
+14.9% YoY
0.92
0.91 – 0.93
-0.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-11 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-08 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-06 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-05 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-05-04 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-29 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-28 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
31.15M
OE per share TTM
1.24
Owner's Yield
15.77%
Maintenance CapEx ratio
7.80%
Maint CapEx / Avg PPE
7.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.6K
Shares Outstanding
25.25M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Juha Nakki President, Chief Executive Officer & Chairman of the Management Group 626.0K male
Harri Saikkonen Senior VP of Software & Embedded Solutions and Member of Group Management male
Helena Kukkonen Chief Financial Officer & Member of Management Board female
Jukka Lahtinen Senior Vice President of Global Sales & Management Group Member male
Mikael Vatn Senior Vice President of Tech. Comm. Sol. & Data Solutions and Member of Mngt. Group male
Minna Tornikoski Senior Vice President of Human Resources & Member of Management Group female
Outi Torniainen Senior Vice President of Communications & Marketing and Member of Management Group female
Per-Anders Gådin Senior Vice President of Mergers, Acquisitions & Business Development male
Riku Riikonen Senior Vice President of Engineering Solutions & Member of Management Group male
Eric Tengstrand Senior Vice President of Solutions & Technologies Group Function and Member of Group Management male
Tero Leppanen Senior Vice President of Software & Embedded Solutions and Member of Management Group male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits