Etteplan Oyj (ETTE) Fair Value & Analysis
Industrials · FI · Market cap €190M
Fair value as of: Jul 15, 2026
From 26 valuation models · updated 26 days ago
Share price +6.3% over the past month.
A solid business, screening 12% undervalued on our models.
What matters now
- A fairly wide model range (€5.86 to €10.99) leaves room in how you read the outcome.
- Our model range runs from €5.86 (bear) to €10.99 (bull), base €8.79. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range €7.14 – €17.39 · fair‑value band €5.86 – €10.99 · the €7.82 price screens below the €8.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Etteplan Oyj (ETTE) currently trades at €7.82, while our model-based Fair Value estimate is €8.79, implying the stock looks roughly 12.4% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Etteplan Oyj generated revenue of €357M at a net margin of 2.6%. Revenue declined 4.6% year over year. It earns a return on equity of 7.6%. Net debt stands at €79.9M. Fundamentals as of Jul 15, 2026
Our scenario range runs from €5.86 (bear case) to €10.99 (bull case); at €7.82, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 12%, ETTE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (€12.36) versus Dividend Discount (€2.43). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Etteplan Oyj provides software and embedded, industrial equipment and plant engineering, technical communication, and data solutions in Finland, Scandinavia, China, and Central Europe.
Full company description
Etteplan Oyj provides software and embedded, industrial equipment and plant engineering, technical communication, and data solutions in Finland, Scandinavia, China, and Central Europe. The company offers control systems and battery development, engineering analysis, composite materials, and addictive manufacturing; electrical and mechanical engineering; digital twin, robotics, assembly optimization, joining and bonding, and cleanroom; automation, instrumentation, and process control, OT/IT integration, structural and safety engineering, and building technology; and embedded software development, application and mobile development, cloud, integration, data and analytics, software testing, and cyber security services. It also provides antenna and RF, simulation-driven, FPGA, PCB layout, UI/UX, service, and electronics designs; embedded mechanics, electronic component, and UX research; text and visual content, learning material, digital information management, technical translations and localization, and documentation coordination; asset, spare parts, and project information; digital technical communication; and professional services. In addition, the company offers test laboratory; compliance consulting; thermal management; production testers and measurement; life cycle assessment, waste management, green design and green transition, and sustainability services. Further, it provides research and development, order to delivery, aftermarket, production and asset development; and asset operations and maintenance solutions. It serves aerospace, defense, automotive, transportation, consumer, energy, power transmission, industrial machinery and equipment, lifting and hoisting, medical technology, metal, mining, materials handling, offshore and marine, ICT and high tech, forest, pulp, and paper industries. The company was incorporated in 1983 and is headquartered in Espoo, Finland. Etteplan Oyj is a subsidiary of Ingman Group Oy Ab.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Etteplan Oyj reported revenue of €361M in FY2025 versus €300M in FY2021, a compound +4.8%/yr. Reported net income was €10.6M in FY2025, compounding −14.8%/yr from FY2021.
of which total revenue +10.1 pp · buybacks/dilution −1.8 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Engineering & Construction · 839 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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