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Cash flow still needs to be proven

TEM1VExtensive research10.05.2024, 13.10
Roni PeuranheimoAnalyst
Discuss
Download report (PDF)

Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet. The valuation would be attractive if the company's cash flow approached the company's profit level. However, we do not expect an immediate improvement here and with the current cash flow profile we do not see the risk/reward ratio as attractive.

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process services and subscription management for corporate customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence in Asia, Africa and the Middle East.

Read more on company page

Forum discussions

Then it’s just about choosing, say, between scenarios 1 and 3, whichever appeals more. Sure, there’s already been about three months to look...
11 hours ago
by Lenheeti
3
Pretty gloomy scenarios, with the default assumption naturally being that the company is “pulling a scam”. What if, to many people’s surprise...
11 hours ago
by Gekko
2
AI Summary No, Tecnotree cannot fail to disclose a potential withdrawal by the Canadian party, as the company has already published an official...
10/5/2026, 2:16 PM
by Satu
10
Don’t hold your breath waiting to ever hear anything about this again. It was just a smokescreen to sweep the failure of their own offer under...
10/5/2026, 2:08 PM
by Mustakasi
5
Näin sanoo tekoäly asiasta. Mistään vetäytymistä ei ole tiedoitettu joten minä ainakin odotan virallisen tarjouksen tuloa. Kyllä tässä täytyy...
10/5/2026, 7:52 AM
by Satu
18
Arvelisin, että vielä on neljäskin vaihtoehto: hinnasta väännetään ihan tosissaan, koska annettu hintahaitari ei tyydytä pääomistajia. Itse ...
10/5/2026, 6:29 AM
by Rokkarollah
1
Good reflections Lenheeti, out of these options I would personally lean towards option two. The Canadians were let into the data room and soon...
10/4/2026, 9:34 AM
by MisterWiller
15