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Fondia Oyj (FONDIA) Fair Value & Analysis

Industrials · FI · Market cap €18.5M

FO Fondia Oyj FONDIA · HE
Price€4.92
Fair Value€3.19
Upside-35.2%
Quality63/100
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Expensive Growth
Thin margins · 2.4% net margin
Low debt · negative free cash flow
6.07% dividend yield
Mixed vs. peers (6/13)
Moderate moat 50/100
Evidence: High Range €2.39 – €3.99 Share as image

Fair value as of: Jul 13, 2026

From 16 valuation models · updated 28 days ago

Share price −0.4% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€3.99). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€7.05 €3.95 Fair Value €3.19 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €3.95 – €7.05 · fair‑value band €2.39 – €3.99 · the €4.92 price screens above the €3.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Fondia Oyj (FONDIA) currently trades at €4.92, while our model-based Fair Value estimate is €3.19, implying the stock looks roughly 35.2% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Fondia Oyj generated revenue of €23.9M at a net margin of 2.4%. Revenue declined 4.9% year over year. It earns a return on equity of 21.1%. The stock trades on a trailing P/E of 36.1. Fundamentals as of Jul 13, 2026

Our scenario range runs from €2.39 (bear case) to €3.99 (bull case); at €4.92, the current price sits above 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 18% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -35%, FONDIA screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income €0.7500 €0.9100 €1.78 76
ROIC Compounder €1.24 €1.43 €1.62 72
Gordon GGM €2.09 €3.45 €4.54 70
All 16 models by family
DCF Models
Owner Earnings €1.25 €1.64 €2.10 31
Earnings-Based
Graham-Dodd €1.03 €2.71 €3.54 54
PEG = 1.0 €0.5200 €0.7400 €0.9600 46
EPV €1.20 €1.33 €1.44 59
Dividend Discount
Gordon GGM €2.09 €3.45 €4.54 70
DDM Multi-Stage €2.09 €2.94 €3.67 61
Multiples
P/E Multiple €2.39 €3.19 €3.99 63
P/S Multiple €1.94 €2.58 €3.23 58
P/B Multiple €1.94 €2.58 €3.23 55
EV/EBIT €3.39 €4.49 €5.60 53
EV/EBITDA €5.26 €6.99 €8.72 54
EV/Revenue €2.44 €3.45 €4.47 43
Asset-Based
NCAV (Graham) €0.3200 €0.4300 €0.6500 50
Economic Profit
Residual Income €0.7500 €0.9100 €1.78 76
ROIC Compounder €1.24 €1.43 €1.62 72
Growth Earnings
Growth-Adj P/E €1.87 €2.67 €3.47 68

Widest divergence: Multiples (€3.19) versus Asset-Based (€0.4300). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €23.9M
Revenue growth (YoY) -4.9%
Net margin 2.4%
Return on equity 21.1%
Free cash flow −€1.0M FY2025
P/E ratio 35.3
More key figures
Operating margin 8.2%
EPS (TTM) €0.1400
Dividend yield 6.1%
EPS growth (YoY) +944%
Net cash €78.0K FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 59 · Market factors (momentum, volatility) 53

Profitability 72
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

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

Fondia Oyj, together with its subsidiaries, operates as a law firm in Finland, Sweden, Lithuania, and Estonia. It offers legal services in various areas, including business legal agreements", corporate law", dispute resolution", employment", IPR", merger and acquisition and finance", marketing and consumer protection", data protection", competition and …

Full company description

Fondia Oyj, together with its subsidiaries, operates as a law firm in Finland, Sweden, Lithuania, and Estonia. It offers legal services in various areas, including business legal agreements", corporate law", dispute resolution", employment", IPR", merger and acquisition and finance", marketing and consumer protection", data protection", competition and public procurement", ESG and sustainability", environment", taxation", data economy", AI", legal operations", and insolvency. The company also provides legal department as a service", trademark watch", data protection officer", board secretary service", compliance service", GDPR compliance assessment", whistleblowing", secondment as a service", and exit readiness as a service, as well as "legal services for startups and scaleups". It serves energy, financial, healthcare and life sciences, information and communications technology, media, entertainment, creative, real estate and construction, and circular economy and cleantech industries. The company was incorporated in 1988 and is headquartered in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fondia Oyj reported revenue of €23.9M in FY2025 versus €21.1M in FY2021, a compound +3.2%/yr. Reported net income was €568K in FY2025, compounding +21.7%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€23.9M
Latest YoY
−6.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.0%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.0%
Revenue +3.2%/yr
FY21 €21.1M
FY22 €24.6M
FY23 €26.1M
FY24 €25.6M
FY25 €23.9M
Net income +21.7%/yr
FY21 €259K
FY22 €1.6M
FY23 €1.4M
FY24 €651K
FY25 €568K
Character of growth · EPS growth decomposed (2014-2025) −1.9 % p.a.
Revenue per share +7.4 pp

of which total revenue +7.6 pp · buybacks/dilution −0.2 pp

EBIT margin −7.7 pp
Tax rate −1.4 pp
Residual (interest, one-offs) −0.3 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).

FONDIA screens 35% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Fondia Oyj Fair Value". https://www.fairvalue-calculator.com/stock/FONDIA

Peer Group

Specialty Business Services · 253 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.

Quality Score 63 · Above median
Fair Value upside −35% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 6.1% · Top 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 35.3× · Pricier than median
P/B 8.81× · Pricier than 75% of peers
P/S (TTM) 0.89× · Pricier than median
EV/EBITDA 10.6× · Pricier than median

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.

VALUE 0 · sector 24
FUTURE 0 · sector 27
PAST 84 · sector 33
HEALTH 100 · sector 92
DIVIDEND 100 · sector 54

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Fondia Oyj (FONDIA) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €3.19 versus a price of €4.92, about −35% (overvalued).
What is the fair value of FONDIA?
Our model-based fair value for Fondia Oyj is €3.19 (as of Jul 13, 2026), built from audited fundamentals. The current price is €4.92.
What is the quality score of FONDIA?
Fondia Oyj has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fondia Oyj (FONDIA)?
Fondia Oyj reported trailing-twelve-month revenue of about €23.9M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of FONDIA?
The net profit margin of Fondia Oyj is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Fondia Oyj pay a dividend?
Fondia Oyj currently shows a dividend yield of about 6.00% relative to its recent price (as of Jul 13, 2026).

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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