olivLaw · European equity research
Siili Solutions Oyj SIILI.HE
Finland · Nasdaq Helsinki · Vertical: Listed companies from Finland
At the close of 05 Nov 2026, Siili Solutions Oyj (SIILI.HE) stock was 2.58 EUR (−0.39% on the day), with market capitalisation 20.1 m EUR, P/E 21.5 on diluted EPS of 0.12 EUR over the last 12 months, dividend yield 6.98%, beta 0.43, 52-week range 2.28–4.80 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.3
- weak (30–45)
- Bollinger (20, 2)
- 2.41 – 2.81
- in the lower half of the band · %B 0.43 · band width 15.2%
- SMA 50 / 200
- 2.87 / 3.21
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / -0.07
- 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 | −3.7% | −0.6% | −3.1 pp | — |
| 3 months | −5.5% | −4.2% | −1.3 pp | — |
| 6 months | −6.2% | +4.3% | −10.5 pp | — |
| Year to date | −44.3% | +7.5% | −51.8 pp | — |
| 1 year | −45.3% | +9.9% | −55.3 pp | −1.2% |
| 3 years | −70.7% | +49.8% | −120.5 pp | +6.8% |
| 5 years | −83.4% | +42.8% | −126.2 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 13.8, median 15.8, max 38.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 122.7 m | 111.9 m | 108.1 m |
| Revenue YoY | unavailable | −8.8% | −3.4% |
| Net income | 5.0 m | 3.3 m | 936.0 k |
| Net income YoY | unavailable | −34.0% | −71.6% |
| Diluted EPS | 0.61 | 0.41 | 0.12 |
| Diluted EPS YoY | unavailable | −32.8% | −70.7% |
| net % | 4.1% | 2.9% | 0.9% |
| Free cash flow | 6.7 m | 10.4 m | 1.4 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 12.9 m EUR
- Financial debt
- 12.7 m EUR
- Net debt
- -113.0 k EUR
- Equity
- 40.4 m EUR
- Total assets
- 76.5 m EUR
- Debt / equity
- 0.32x
- Current ratio
- 1.12x
- ROE
- 2.3%
- ROA
- 1.2%
- FCF margin
- 1.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 122.7 m | 111.9 m | 108.1 m | esef· 18 Mar 2026verified |
| Operating income | 6.9 m | 3.4 m | 111.0 k | esef· 18 Mar 2026verified |
| Depreciation & amortisation | 5.2 m | 4.6 m | 4.7 m | esef· 18 Mar 2026verified |
| EBITDA | 12.1 m ≈ | 8.0 m ≈ | 4.8 m ≈ | esef· 18 Mar 2026derived |
| Interest expense | 2.6 m | 1.4 m | 1.6 m | esef· 18 Mar 2026verified |
| Pre-tax income | 5.5 m | 3.3 m | 71.0 k | esef· 18 Mar 2026verified |
| Income tax | 551.0 k | 27.0 k | -865.0 k | esef· 18 Mar 2026verified |
| Net income | 5.0 m | 3.3 m | 936.0 k | esef· 18 Mar 2026verified |
| Diluted EPS | 0.61 | 0.41 | 0.12 | esef· 18 Mar 2026verified |
| Dividend per share | 0.20 | 0.26 | 0.18 | esef· 18 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 29.0 m | 20.3 m | 12.9 m | esef· 18 Mar 2026verified |
| Current assets | 53.6 m | 40.1 m | 30.9 m | esef· 18 Mar 2026verified |
| Property, plant & equipment, net | 1.3 m | 850.0 k | 560.0 k | esef· 18 Mar 2026verified |
| Goodwill | 32.5 m | 31.9 m | 33.8 m | esef· 18 Mar 2026verified |
| Intangibles (excl. goodwill) | 8.4 m | 7.7 m | 7.3 m | esef· 18 Mar 2026verified |
| Total assets | 100.2 m | 84.2 m | 76.5 m | esef· 18 Mar 2026verified |
| Accounts payable | 33.6 m | 22.7 m | 18.5 m | esef· 18 Mar 2026verified |
| Short-term debt | 2.5 m | 6.6 m | 7.2 m | esef· 18 Mar 2026verified |
| Long-term debt | 6.2 m | 3.7 m | 5.6 m | esef· 18 Mar 2026verified |
| Current liabilities | 38.7 m | 31.3 m | 27.6 m | esef· 18 Mar 2026verified |
| Total liabilities | 58.1 m | 43.0 m | 36.0 m | esef· 18 Mar 2026verified |
| Equity | 41.9 m | 41.2 m | 40.4 m | esef· 18 Mar 2026verified |
| Shares outstanding at year end | 8.2 m | 8.0 m | 7.8 m | esef· 18 Mar 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 7.5 m | 10.8 m | 1.5 m | esef· 18 Mar 2026verified |
| Capex | 756.0 k | 324.0 k | 113.0 k | esef· 18 Mar 2026verified |
| Free cash flow | 6.7 m ≈ | 10.4 m ≈ | 1.4 m ≈ | esef· 18 Mar 2026derived |
| Investing cash flow | -5.4 m | -10.8 m | -5.3 m | esef· 18 Mar 2026verified |
| Financing cash flow | -9.3 m | -8.6 m | -3.7 m | esef· 18 Mar 2026verified |
| Share repurchases | 495.0 k | 0 | 206.0 k | esef· 18 Mar 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: 46 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 20.1 m EUR
Key indicators
Coverage and freshness
Score by group
- Quality48
- Returns15
- Balance sheet24
- Valuation67
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: 0.99 – 9.36 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)5.13 – 9.36 (Mid 6.59)WACC 6.8% · starting FCFF 2.8 m EUR · terminal value share of EV 79%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/EBITDA3.75 – 3.92 (Mid 3.79)6 companies used · median multiple 6.1x · quartiles 6.1x – 6.3xANORA.HE, ETTE.HE, HARVIA.HE, HONBS.HE, ICP1V.HE, KAMUX.HE
- Peers: P/E0.99 – 2.22 (Mid 1.33)23 companies used · median multiple 11.1x · quartiles 8.2x – 18.5xALMA.HE, APETIT.HE, ASPO.HE, ATRAV.HE, BIOBV.HE, CAPMAN.HE, CONSTI.HE, DIGIA.HE, ELEAV.HE, ELISA.HE, ENENTO.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
- Dividend discount (DDM)2.45 – 3.34 (Mid 2.82)
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
Neutral profile · Score 46/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 0.3% | 20 (vs peers) | 13% |
| Net margin · Quality | 0.9% | 44 (vs peers) | 8% |
| FCF conversion · Quality | 149.0% | 100 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -0.0x | 38 (vs peers) | 13% |
| Interest coverage · Balance sheet | 0.1x | 0 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.1x | 27 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 21.5x | 32 (vs peers) | 13% |
| EV/EBITDA · Valuation | 4.2x | 88 (vs peers) | 13% |
| FCF yield · Valuation | 6.9% | 87 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 1.0% | 15 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet24/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality48/100 · 3/3 factors with a value
- Returns· partial15/100 · 1/2 factors with a value
- Valuation67/100 · 3/3 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
Siili Solutions Oyj (SIILI.HE). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 108.1 m EUR in 2025; YoY growth -3.4%; net margin 0.9%; ROE 2.3%; net debt/EBITDA -0.0x.
The estimated value range is 3.10–3.63 EUR per share (median of 4 methods, agreement: medium); assumptions are illustrative. Against the central value of 3.31 EUR, the price of 2.58 EUR leaves a potential of 28.3% (value / price − 1) and a margin of safety of 22.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 46/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 149.0%
- EV/EBITDA: 4.2x
- FCF yield: 6.9%
- The price is below the estimated value range
What contradicts it
- ROIC: 0.3%
- Interest coverage: 0.1x
- Current ratio: 1.1x
- Shareholder yield (distributions): 1.0%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, 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% |
| 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% |
| GLA1V.HEGlaston Oyj Abp | 42.1 m | 35.4 | 1.8% | 0.6% | −4.2% | −12% / −32% |
1- and 3-year price returns: for SIILI.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 | 1.40 Total return -42% · Per year -42% | 2.49 Total return 1% · Per year 1% | 3.77 Total return 51% · Per year 51% |
| 3 years | 1.15 Total return -46% · Per year -19% | 2.32 Total return 3% · Per year 1% | 3.89 Total return 67% · Per year 19% |
| 5 years | 0.95 Total return -49% · Per year -13% | 2.17 Total return 5% · Per year 1% | 4.01 Total return 84% · Per year 13% |
- Exit P/E± 0.58
- Net margin± 0.41
- Annual revenue growth± 0.36
- Annual dilution± 0.03
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202518 Mar 2026
- Annual report 202418 Mar 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.