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Taaleri Oyj (TAALA) Fair Value & Analysis

Financial Services · FI · Market cap €205M

TO Taaleri Oyj TAALA · HE
Price€7.24
Fair Value€10.03
Upside+38.5%
Quality66/100
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Healthy Growth
Highly profitable · 28.4% net margin
Low debt · generates free cash flow
4.17% dividend yield
Ranks above peers (10/14)
Moderate moat 60/100
Evidence: High Range €7.52 – €12.54 Share as image

Fair value as of: Jul 19, 2026

From 13 valuation models · updated 22 days ago

Share price −1.5% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€7.52). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€10.43 €6.06 Fair Value €10.03 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €6.06 – €10.43 · fair‑value band €7.52 – €12.54 · the €7.24 price screens below the €10.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Taaleri Oyj (TAALA) currently trades at €7.24, while our model-based Fair Value estimate is €10.03, implying the stock looks roughly 38.5% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Financial Services 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, Taaleri Oyj generated revenue of €60.8M at a net margin of 28.4%. Revenue grew 21.1% year over year. It earns a return on equity of 9.8%. The balance sheet holds a net cash position of €9.5M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €7.52 (bear case) to €12.54 (bull case); at €7.24, the current price sits below 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 7% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 39%, TAALA 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.

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
Growth DCF €3.62 €4.69 €5.93 80
Residual Income €5.74 €5.97 €5.97 76
Rev-Margin DCF €3.27 €4.73 €6.41 74
All 13 models by family
DCF Models
Owner Earnings €5.40 €7.32 €9.69 31
5Y P/E Exit €4.64 €7.24 €9.95 38
10Y P/E Exit €4.13 €6.04 €8.34 35
Earnings-Based
Graham-Dodd €4.01 €12.23 €16.23 54
Lynch FV €2.62 €3.75 €4.87 50
Dividend Discount
Gordon GGM €3.48 €5.84 €7.57 70
DDM Multi-Stage €3.48 €5.19 €6.28 61
Multiples
P/E Multiple €5.75 €7.67 €9.59 63
P/B Multiple €7.52 €10.03 €12.54 55
Asset-Based
NCAV (Graham) €3.79 €5.08 €7.59 50
Growth DCF
Growth DCF €3.62 €4.69 €5.93 80
Rev-Margin DCF €3.27 €4.73 €6.41 74
Economic Profit
Residual Income €5.74 €5.97 €5.97 76

Widest divergence: Multiples (€7.67) versus Earnings-Based (€3.75). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €60.8M
Revenue growth (YoY) +21.1%
Net margin 28.4%
Return on equity 9.8%
Free cash flow €11.0M FY2025
P/E ratio 12.7
More key figures
Operating margin 16.1%
EPS (TTM) €0.5900
Dividend yield 4.0%
EPS growth (YoY) +100%
Net cash €9.5M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 61 · Market factors (momentum, volatility) 55

Profitability 42
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 76
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

Taaleri Oyj is a publicly owned asset management holding company. The firm provides its services to private individuals, institutional investors and companies. Through its subsidiaries, the firm provides wealth management and trading services to its clients. It launches equity, fixed income, and real estate mutual funds through its subsidiaries.

Full company description

Taaleri Oyj is a publicly owned asset management holding company. The firm provides its services to private individuals, institutional investors and companies. Through its subsidiaries, the firm provides wealth management and trading services to its clients. It launches equity, fixed income, and real estate mutual funds through its subsidiaries. Through its subsidiaries, the firm invests in the public equity, fixed income, and real estate markets across the globe. It was formerly known as Taaleritehdas Oyj. Taaleri Oyj is based in Helsinki, Finland with additional offices in Tampere, Finland; Turku, Finland; Pori, Finland; Oulu, Finland; and Lahti, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taaleri Oyj reported revenue of €56.1M in FY2025 versus €49.9M in FY2021, a compound +2.9%/yr. Reported net income was €16.6M in FY2025, compounding −40.9%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€56.1M
Latest YoY
+2.1%
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.
−3.4%
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.
+13.9%
Avg. growth/yr (14Y) 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.
+8.8%
Revenue +2.9%/yr
FY21 €49.9M
FY22 €62.2M
FY23 €52.1M
FY24 €54.9M
FY25 €56.1M
Net income −40.9%/yr
FY21 €136M
FY22 €20.6M
FY23 €23.0M
FY24 €28.1M
FY25 €16.6M
Character of growth · EPS growth decomposed (2014-2025) −1.2 % p.a.
Revenue per share +3.3 pp

of which total revenue +4.1 pp · buybacks/dilution −0.8 pp

EBIT margin −4.2 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +0.2 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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Cite: Fair Value Calculator (2026). "Taaleri Oyj Fair Value". https://www.fairvalue-calculator.com/stock/TAALA

Peer Group

Asset Management · 971 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 65 · Above median
Fair Value upside +39% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 6% · Above median
Net margin (TTM) 28% · Above median
Operating margin (TTM) 16% · Below median
Revenue growth 21% · Above median
Dividend yield (TTM) 4.2% · Above median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 12.3× · Pricier than median
P/B 1.11× · Pricier than median
P/S (TTM) 3.89× · Cheaper than median
P/FCF 21.5× · Pricier than median
EV/EBITDA 8.0× · Cheaper 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 85 · sector 37
FUTURE 100 · sector 6
PAST 39 · sector 26
HEALTH 100 · sector 95
DIVIDEND 83 · sector 69

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Taaleri Oyj (TAALA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €10.03 versus a price of €7.24, about +39% (undervalued).
What is the fair value of TAALA?
Our model-based fair value for Taaleri Oyj is €10.03 (as of Jul 19, 2026), built from audited fundamentals. The current price is €7.24.
What is the quality score of TAALA?
Taaleri Oyj has a Quality Score of 66/100. 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 Taaleri Oyj (TAALA)?
Taaleri Oyj reported trailing-twelve-month revenue of about €60.8M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TAALA?
The net profit margin of Taaleri Oyj is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.
Does Taaleri Oyj pay a dividend?
Taaleri Oyj currently shows a dividend yield of about 3.99% relative to its recent price (as of Jul 19, 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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