olivLaw · European equity research
Enento Group Oyj ENENTO.HE
Finland · Nasdaq Helsinki · Vertical: Listed companies from Finland
Enento Group Oyj is one of the leading Nordic providers of business and consumer information services, operating in Finland, Sweden, Norway and Denmark. In fiscal 2025 net sales reached 152.7 million EUR, and the company says its business volumes stabilized and it anticipates a return to growth in 2026.
At the close of 05 Nov 2026, Enento Group Oyj (ENENTO.HE) stock was 16.14 EUR (+0.37% on the day), with market capitalisation 3.9 m EUR, P/E 0.3 on diluted EPS of 57.00 EUR over the last 12 months, dividend yield 6.20%, beta 0.25, 52-week range 13.38–16.40 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 65.0
- strong (55–70)
- Bollinger (20, 2)
- 14.69 – 16.13
- above the upper band · %B 1.01 · band width 9.3%
- SMA 50 / 200
- 15.35 / 14.98
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.20 / 0.10
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +9.9% | +0.4% | +9.6 pp | — |
| 3 months | +6.2% | −3.3% | +9.4 pp | — |
| 6 months | +4.4% | +4.0% | +0.4 pp | — |
| Year to date | +1.8% | +8.1% | −6.3 pp | — |
| 1 year | +9.1% | +10.7% | −1.6 pp | −2.6% |
| 3 years | −3.2% | +50.1% | −53.3 pp | +6.8% |
| 5 years | −52.4% | +43.6% | −96.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 0.3, median 0.3, max 0.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 155.9 m | 150.4 m | 152.7 m |
| Revenue YoY | unavailable | −3.5% | +1.5% |
| Net income | 17.6 m | 12.2 m | 13.6 m |
| Net income YoY | unavailable | −30.8% | +12.0% |
| Diluted EPS | 73.00 | 51.00 | 57.00 |
| Diluted EPS YoY | unavailable | −30.1% | +11.8% |
| net % | 11.3% | 8.1% | 8.9% |
| Free cash flow | 35.3 m | 32.3 m | 34.7 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 13.2 m EUR
- Financial debt
- 157.8 m EUR
- Net debt
- 144.6 m EUR
- Equity
- 263.7 m EUR
- Total assets
- 464.5 m EUR
- Debt / equity
- 0.60x
- Current ratio
- unavailable
- ROE
- 5.2%
- ROA
- 2.9%
- FCF margin
- 22.7%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 155.9 m | 150.4 m | 152.7 m | esef· 17 Feb 2026verified |
| Operating income | 30.4 m | 24.6 m | 25.4 m | esef· 17 Feb 2026verified |
| Interest expense | 8.0 m | 8.0 m | 7.1 m | esef· 17 Feb 2026verified |
| Pre-tax income | 22.2 m | 15.8 m | 17.5 m | esef· 17 Feb 2026verified |
| Income tax | 4.7 m | 3.6 m | 3.9 m | esef· 17 Feb 2026verified |
| Net income | 17.6 m | 12.2 m | 13.6 m | esef· 17 Feb 2026verified |
| Diluted EPS | 73.00 | 51.00 | 57.00 | esef· 17 Feb 2026verified |
| Dividend per share | — | — | 1.00 | esef· 17 Feb 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 17.4 m | 11.3 m | 13.2 m | esef· 17 Feb 2026verified |
| Receivables | 29.7 m | 25.6 m | 27.2 m | esef· 17 Feb 2026verified |
| Current assets | 47.0 m | 36.9 m | 40.4 m | esef· 17 Feb 2026verified |
| Property, plant & equipment, net | 1.8 m | 962.0 k | 316.0 k | esef· 17 Feb 2026verified |
| Goodwill | 340.9 m | 335.6 m | 344.8 m | esef· 17 Feb 2026verified |
| Intangibles (excl. goodwill) | 88.7 m | 78.5 m | 72.5 m | esef· 17 Feb 2026verified |
| Total assets | 490.3 m | 459.6 m | 464.5 m | esef· 17 Feb 2026verified |
| Accounts payable | 22.2 m | 17.2 m | 19.6 m | esef· 17 Feb 2026verified |
| Short-term debt | 4.7 m | 4.7 m | 4.0 m | esef· 17 Feb 2026verified |
| Long-term debt | 154.4 m | 150.8 m | 153.9 m | esef· 17 Feb 2026verified |
| Total liabilities | 207.1 m | 195.9 m | 199.3 m | esef· 17 Feb 2026verified |
| Equity | 282.9 m | 263.2 m | 263.7 m | esef· 17 Feb 2026verified |
| Shares outstanding at year end | 237.3 k | 238.3 k | 238.7 k | esef· 17 Feb 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 36.8 m | 32.7 m | 34.8 m | esef· 17 Feb 2026verified |
| Capex | 1.5 m | 417.0 k | 33.0 k | esef· 17 Feb 2026verified |
| Free cash flow | 35.3 m ≈ | 32.3 m ≈ | 34.7 m ≈ | esef· 17 Feb 2026derived |
| Investing cash flow | -9.2 m | -9.5 m | -7.2 m | esef· 17 Feb 2026verified |
| Financing cash flow | -30.8 m | -28.5 m | -26.2 m | esef· 17 Feb 2026verified |
| Share repurchases | 4.7 m | 2.2 m | 0 | esef· 17 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 3.9 m EUR
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 505.48 – 32,372.19 EUR.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)4,330.98 – 32,372.19 (Mid 7,867.72)WACC 4.0% · starting FCFF 40.2 m EUR · terminal value share of EV 91%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E505.48 – 1,054.46 (Mid 662.29)23 companies used · median multiple 11.6x · quartiles 8.9x – 18.5xALMA.HE, APETIT.HE, ASPO.HE, ATRAV.HE, BIOBV.HE, CAPMAN.HE, CONSTI.HE, DIGIA.HE, ELEAV.HE, ELISA.HE, ETTE.HE, FORTUM.HE, FSECURE.HE, GLA1V.HE, GRK.HE, HARVIA.HE, ICP1V.HE, ILKKA.HE, INVEST.HE, KALMAR.HE, KAMUX.HE, KCR.HE, KEMIRA.HE
- Dividend discount (DDM)outside the aggregate13.60 – 18.55 (Mid 15.69)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 4.8% | 33 (vs peers) | 19% |
| Net margin · Quality | 8.9% | 67 (vs peers) | 12% |
| FCF conversion · Quality | 255.2% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 3.6x | 32 (on a fixed band) | 12% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 0.3x | 93 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 901.2% | 100 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial32/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality61/100 · 3/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation96/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Enento Group Oyj (ENENTO.HE). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 152.7 m EUR in 2025; YoY growth 1.5%; net margin 8.9%; ROE 5.2%.
The estimated value range is 2,418.23–16,713.33 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 4,265.00 EUR, the price of 16.14 EUR leaves a potential of 26,325.1% (value / price − 1) and a margin of safety of 99.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 255.2%
- P/E (TTM): 0.3x
- FCF yield: 901.2%
- The price is below the estimated value range
What contradicts it
- Shareholder yield (distributions): 0.0%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Listed companies from Finland · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| FORTUM.HEFortum Oyj | 20.8 bn | 27.2 | 8.7% | 15.3% | −14.0% | +32% / +81% |
| ELISA.HEElisa Oyj | 5.6 bn | 16.3 | 27.0% | 15.2% | +3.0% | −8% / −15% |
| KEMIRA.HEKemira Oyj | 2.5 bn | 13.6 | 10.5% | 6.6% | −6.6% | −17% / +4% |
| KALMAR.HEKalmar Oyj | 2.4 bn | 14.7 | 24.1% | 9.4% | +1.2% | +0% / unavailable |
| KCR.HEKonecranes Oyj | 2.2 bn | 5.6 | 20.3% | 9.5% | −0.9% | −4% / +134% |
| EXEL.HEExel Composites Oyj | 1.8 bn | — | -18.5% | -5.3% | +3.6% | +163% / +74% |
| BITTI.HEBittium Oyj | 1.2 bn | 55.8 | 17.5% | 17.9% | +40.1% | +73% / +603% |
| ALMA.HEAlma Media Oyj | 1.2 bn | 21.2 | 23.0% | 16.9% | +4.6% | +9% / +57% |
| FIA1S.HEFinnair Oyj | 927.4 m | 50.4 | 2.9% | 0.6% | +1.9% | +54% / +22% |
| GRK.HEGRK Infra Oyj | 788.5 m | 18.3 | 27.8% | 4.9% | +19.7% | +52% / unavailable |
| HARVIA.HEHarvia Oyj | 768.7 m | 29.3 | 21.0% | 13.3% | +13.5% | −1% / +64% |
| ATRAV.HEAtria Oyj | 451.7 m | 11.1 | 9.8% | 2.2% | +3.3% | +13% / +57% |
| ANORA.HEAnora Group Oyj | 317.6 m | 57.8 | 1.4% | 0.8% | −4.9% | +26% / +11% |
| CAPMAN.HECapMan Oyj | 300.2 m | 23.1 | 6.8% | 20.9% | +9.4% | −8% / −20% |
| ICP1V.HEIncap Oyj | 261.0 m | 18.7 | 10.4% | 6.5% | −6.7% | −3% / +37% |
| FSECURE.HEF-Secure Oyj | 243.7 m | 10.9 | 43.4% | 15.3% | −0.4% | −17% / −23% |
| ASPO.HEAspo Oyj | 219.4 m | 9.3 | 15.4% | 5.0% | +2.1% | +2% / +9% |
| ETTE.HEEtteplan Oyj | 173.7 m | 16.4 | 8.8% | 2.9% | +0.1% | −27% / −51% |
| DIGIA.HEDigia Oyj | 131.6 m | 10.5 | 14.5% | 5.9% | +5.5% | −16% / −12% |
| ILKKA.HEIlkka Oyj | 93.8 m | 8.1 | 6.2% | 30.8% | +22.6% | +0% / +21% |
| CONSTI.HEConsti Oyj | 77.4 m | 11.6 | 15.3% | 2.0% | +2.9% | −8% / −6% |
| APETIT.HEApetit Oyj | 75.6 m | 8.4 | 8.2% | 5.4% | +3.1% | −14% / −3% |
| ESENSE.HEEnersense International Oyj | 74.9 m | 74.7 | 3.1% | 0.4% | −27.7% | +12% / +9% |
| CTH1V.HEComponenta Oyj | 66.1 m | 324.0 | 0.8% | 0.2% | −4.6% | +49% / +182% |
| KAMUX.HEKamux Oyj | 47.4 m | 10.3 | 4.2% | 0.5% | +0.8% | −40% / −77% |
1- and 3-year price returns: for ENENTO.HE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 9.25 Total return -38% · Per year -38% | 16.39 Total return 8% · Per year 8% | 24.71 Total return 61% · Per year 61% |
| 3 years | 8.45 Total return -34% · Per year -13% | 16.89 Total return 24% · Per year 7% | 28.04 Total return 98% · Per year 26% |
| 5 years | 7.72 Total return -30% · Per year -7% | 17.41 Total return 40% · Per year 7% | 31.82 Total return 140% · Per year 19% |
- Exit P/E± 4.22
- Net margin± 2.96
- Annual revenue growth± 2.50
- Annual dilution± 0.25
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Enento Group Oyj is one of the leading Nordic providers of business and consumer information services, operating in Finland, Sweden, Norway and Denmark. In fiscal 2025 net sales reached 152.7 million EUR, and the company says its business volumes stabilized and it anticipates a return to growth in 2026.
SWOT
Strengths
- Scalable business model with largely automated income and the ability to reuse the same data across several services 1.
- Extensive databases built from public and private sources underpin a broad product range 1.
- Presence in four Nordic countries and a diversified client base, with no customer above ten percent of invoicing 1.
Weaknesses
- Consumer Insight net sales declined in 2025 and net sales from new services fell significantly 1.
- High net debt and significant goodwill from acquisitions make reported results sensitive to any impairment 1.
- Restructuring and IT infrastructure consolidation costs weighed on operating results in 2025 1.
Opportunities
- A recovery in the Swedish economy and stabilizing loan demand could support revenue growth in 2026 1.
- New services and digitalization of information could open additional revenue channels if clients adopt them 1.
- The target to improve adjusted EBITDA and free cash flow could strengthen margins if cost control continues 1.
Threats
- Heightened competition from digital providers and artificial intelligence technologies could pressure prices 1.
- Regulatory changes, especially in Sweden, could reduce clients' lending capacity or alter the competitive landscape 1.
- In-house service development by clients or restricted access to information sources could affect sales 1.
Risks
- Dependence on client activityhigh
Demand for services depends on the economic activity of clients, and a slowdown could reduce volumes 1.
- Data and licence regulationhigh
Collection and use of information is strictly regulated, and breaches could lead to changes in or cancellation of licences 1.
- Competitive and price pressuremedium
Client tendering and competition could lower prices and margins, especially if access to information becomes easier 1.
- Dependence on external data sourcesmedium
If external information providers stop supplying data or sharply raise prices, the Group's ability to offer services could be harmed 1.
- Goodwill and intangible asset impairmentmedium
The Group holds significant goodwill and capitalized investments, and impairments could affect reported results 1.
Investment thesis
What would need to be true (bull case)
- The scalable model and proprietary databases could support revenue growth if demand in Sweden improves as the company anticipates 1.
- The 2026 guidance targets growth in net sales and adjusted EBITDA, which could mark a recovery after the stabilization seen in 2025 1.
- A diversified client base with no single dependence could reduce concentration risk in revenue 1.
What would break the thesis
- Digital competition and use of artificial intelligence could reduce prices and margins, especially if new services fail to offset the decline in Consumer Insight 1.
- Regulatory risks in Sweden remain explicitly flagged by the company as factors that could affect revenue and profit 1.
- High net debt and restructuring costs could limit financial flexibility if demand does not recover quickly enough 1.
What to watch
- Delivery of the guidance for growth in net sales and adjusted EBITDA2026
- Development of Consumer Insight net sales and revenue from new servicesQ1 2026
- Regulatory changes affecting loan brokers in Sweden2026
- Payment of the proposed dividend of 0.50 EUR per share and any further distribution2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Enento Group offers business and consumer information, collateral valuation, real estate information, sales and marketing information and consumer credit information. Its data comes from public registers and privately acquired sources, and products are delivered through integrations into client processes, customer interfaces and online subscription services 1. The business model is scalable because a large share of income comes from automated processes and the reuse of the same data across several services 1.
The Group is organized into two business areas: Business Insight, covering risk management, compliance, real estate information and ESG, and Consumer Insight, serving companies in consumer business and individual consumers 1. Clients include financial institutions, financial service providers, professional services firms, insurers, telecom and utility companies, and wholesale and retail firms 1.
Segments
Business Insight
The business area providing information and decision services on companies, credit risk management, compliance, real estate valuation and ESG. According to the report, its net sales grew in 2025, while Consumer Insight declined 1.
Consumer Insight
The business area providing information and decisioning services for consumers and for companies working with consumers. Its net sales fell in 2025, and consumer services include protection against identity theft and fraud 1.
Market context
Enento operates in markets for business information, collateral valuation, real estate information, sales and marketing information and consumer credit information across four Nordic countries 1. The report notes that demand depends on customer activity, so a slow economy or rules that reduce lending capacity could weigh on sales 1.
For 2026 the company expects stable demand for mortgage and unsecured loans and continued healthy demand for business information services, with a gradual macroeconomic improvement in Sweden and a more modest development in Finland 1.
Trends
- Public information access and new technologiesheadwind
Information is more easily available, and artificial intelligence and new providers could intensify competition, though they could also let clients develop analysis services in-house 1.
- Nordic economic recoverytailwind
The company sees encouraging signs of macroeconomic improvement in Sweden, where business volumes stabilized in 2025, and its 2026 guidance targets growth 1.
- Credit regulation in Swedenmixed
Recent and upcoming changes affecting loan brokers in Sweden remain a risk, and any governmental credit registers could change the competitive landscape 1.
- Geopolitical uncertaintyheadwind
Wars, conflicts and trade tensions can weigh on Nordic economic activity and make demand for the Group's services harder to predict 1.
Competitive position
The annual report does not name individual competitors, but it describes increasingly tough competition, with public information becoming more accessible and new digital service providers emerging 1. Clients may tender contracts and cost awareness can press prices, and competitor or vendor price pressure could reduce margins 1.
The company cites its brand, reputation, proprietary databases and strategic partnerships with key customers as competitive advantages 1. If these advantages erode or clients develop services themselves, its market position could be affected 1.
- New digital information providers
The report cites new information service providers and artificial intelligence technologies as a source of heightened competition, without naming them 1.
- Public information sources
Greater availability of public information could lower entry barriers for other market participants, according to the report 1.
- In-house development by clients
Clients may build analysis services internally if they gain better access to information, reducing demand for the Group's offerings 1.
- Government credit registers
Introduction of governmental credit registers could change competition, according to the risk factors the company describes 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202517 Feb 2026
- Annual report 202425 Feb 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Enento Group Oyj · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.