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Teleste Oyj (TLT1V) Fair Value & Analysis

Technology · FI · Market cap €65.8M

TO Teleste Oyj TLT1V · HE
Price€3.54
Fair Value€3.03
Upside-14.4%
Quality61/100
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Weak Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
2.23% dividend yield
Ranks above peers (10/15)
Narrow moat 34/100
Evidence: High Range €2.27 – €3.79 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €3.75 to €3.03 (−19.2%) since Jun 24, 2026. Share price −1.4% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from €2.27 (bear) to €3.79 (bull), base €3.03. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€6.17 €2.09 Fair Value €3.03 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €2.09 – €6.17 · fair‑value band €2.27 – €3.79 · the €3.54 price screens above the €3.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Teleste Oyj (TLT1V) currently trades at €3.54, while our model-based Fair Value estimate is €3.03, implying the stock looks roughly 14.4% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology 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, Teleste Oyj generated revenue of €139M at a net margin of 2.5%. It earns a return on equity of 5.9%. Net debt stands at €19.6M. The stock trades on a trailing P/E of 19.4. Fundamentals as of Jul 16, 2026

Our scenario range runs from €2.27 (bear case) to €3.79 (bull case); at €3.54, 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 17% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -14%, TLT1V 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 €2.65 €3.36 €4.50 80
Residual Income €2.15 €2.07 €1.69 76
Rev-Margin DCF €2.52 €3.86 €5.55 74
All 24 models by family
DCF Models
FCF DCF €2.59 €3.33 €4.65 38
Owner Earnings €0.5100 €0.7800 €1.25 31
5Y Revenue Exit €2.52 €3.77 €5.63 39
5Y EBITDA Exit €3.73 €5.82 €8.66 41
5Y P/E Exit €1.91 €2.72 €3.74 38
10Y Revenue Exit €2.46 €3.40 €4.44 36
10Y EBITDA Exit €3.16 €4.54 €6.07 37
10Y P/E Exit €2.21 €2.82 €3.41 35
Earnings-Based
Graham-Dodd €1.03 €1.60 €1.91 54
EPV €1.74 €2.03 €2.26 59
Dividend Discount
Gordon GGM €0.2100 €0.2400 €0.2600 70
DDM Multi-Stage €0.2100 €0.2500 €0.3000 61
Multiples
P/E Multiple €2.27 €3.03 €3.79 63
P/S Multiple €1.93 €2.58 €3.22 58
P/B Multiple €1.93 €2.58 €3.22 55
EV/EBIT €4.36 €6.03 €7.70 53
EV/EBITDA €5.61 €7.69 €9.78 54
EV/Revenue €2.73 €4.18 €5.63 43
Asset-Based
NCAV (Graham) €1.58 €2.12 €3.16 50
Growth DCF
Growth DCF €2.65 €3.36 €4.50 80
Rev-Margin DCF €2.52 €3.86 €5.55 74
Economic Profit
Residual Income €2.15 €2.07 €1.69 76
ROIC Compounder €1.74 €2.03 €2.26 72
Growth Earnings
Growth-Adj P/E €1.61 €2.30 €2.99 68

Widest divergence: Growth DCF (€3.36) versus Dividend Discount (€0.2400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €139M
Net margin 2.5%
Return on equity 5.9%
Free cash flow €8.0M FY2025
P/E ratio 19.4
Operating margin 5.5%
More key figures
EPS (TTM) €0.1900
Dividend yield 2.1%
EPS growth (YoY) +133%
Net debt €19.6M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

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

Profitability 40
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 71
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

Teleste Oyj provides broadband, security, and information technologies and related services in Finland, Nordic Countries, Europe, North America, Asia and internationally.

Full company description

Teleste Oyj provides broadband, security, and information technologies and related services in Finland, Nordic Countries, Europe, North America, Asia and internationally. The company focuses on product solutions for video service platforms and video surveillance applications; and offers service solutions, including network construction, renewal, maintenance, and design services. Its broadband network solutions include remote PHY devices and modules, RF amplifiers, optical nodes, RF and FTTX passives, headend optics, video headend, transcoders, broadcast managers, element and network management products, and accessories. The company's video security solutions comprise video management systems, fiber optic video transmission products, and IP networking solutions; and onboard solutions include audio communications, infotainment, passenger counting, seat reservation, wayside solutions for on-board, and management and maintenance, as well as on-board CCTV, displays, passenger information, and network. Its stationary solutions consist of public address and audio systems, stationary displays, visual passenger information, and video security and situational awareness; and central software products, such as display control and diagnostics, fleet monitoring and operation control, media content management, and passenger information content management. It also offers design and survey, network optimization and engineering, consultancy, and managed network services. Teleste Oyj has a strategic partnership with Polystar to accelerate the digital transformation of cable network operations. The company was founded in 1954 and is headquartered in Littoinen, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Teleste Oyj reported revenue of €139M in FY2025 versus €144M in FY2021, a compound −0.9%/yr. Reported net income was €2.8M in FY2025, compounding −20.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€139M
Latest YoY
+4.6%
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.
−5.6%
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.
−0.9%
Avg. growth/yr (25Y) 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.
+1.3%
Revenue −0.9%/yr
FY21 €144M
FY22 €165M
FY23 €151M
FY24 €133M
FY25 €139M
Net income −20.9%/yr
FY21 €7.1M
FY22 −€5.9M
FY23 −€82.0K
FY24 −€5.9M
FY25 €2.8M

TLT1V screens 14% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Teleste Oyj Fair Value". https://www.fairvalue-calculator.com/stock/TLT1V

Peer Group

Communication Equipment · 286 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 61 · Above median
Fair Value upside −14% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 18.9× · Cheaper than 75% of peers
P/B 1.31× · Cheaper than median
P/S (TTM) 0.55× · Cheaper than median
P/FCF 9.5× · Pricier than median
EV/EBITDA 11.7× · Cheaper than median
PEG 4.45× · Pricier than 75% of peers

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 14 · sector 0
FUTURE 0 · sector 30
PAST 24 · sector 15
HEALTH 82 · sector 98
DIVIDEND 45 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Teleste Oyj (TLT1V) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €3.03 versus a price of €3.54, about −14% (overvalued).
What is the fair value of TLT1V?
Our model-based fair value for Teleste Oyj is €3.03 (as of Jul 16, 2026), built from audited fundamentals. The current price is €3.54.
What is the quality score of TLT1V?
Teleste Oyj has a Quality Score of 61/100. 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 Teleste Oyj (TLT1V)?
Teleste Oyj reported trailing-twelve-month revenue of about €139M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TLT1V?
The net profit margin of Teleste Oyj is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Teleste Oyj pay a dividend?
Teleste Oyj currently shows a dividend yield of about 2.11% relative to its recent price (as of Jul 16, 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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