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Viafin Service Oyj (VIAFIN) Fair Value & Analysis

Industrials · FI · Market cap €67.1M

VS Viafin Service Oyj VIAFIN · HE
Price€19.80
Fair Value€28.72
Upside+45.1%
Quality75/100
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Healthy Growth
Thin margins · 4.8% net margin
generates free cash flow
3.84% dividend yield
Ranks above peers (9/13)
Moderate moat 52/100
Evidence: High Range €21.54 – €35.90 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price +3.7% over the past month.

A strong business, screening 45% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (€21.54). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

€20.70 €10.38 Fair Value €28.72 May 2021 Aug 2026

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 €10.38 – €20.70 · fair‑value band €21.54 – €35.90 · the €19.80 price screens below the €28.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Viafin Service Oyj (VIAFIN) currently trades at €19.80, while our model-based Fair Value estimate is €28.72, implying the stock looks roughly 45.1% undervalued today. The Quality Score stands at 75/100 (high 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, Viafin Service Oyj generated revenue of €99.6M at a net margin of 4.8%. Revenue declined 0.6% year over year. It earns a return on equity of 18.3%. The stock trades on a trailing P/E of 15.0. Fundamentals as of Jul 15, 2026

Our scenario range runs from €21.54 (bear case) to €35.90 (bull case); at €19.80, 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 5% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 45%, VIAFIN 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
Residual Income €7.28 €9.16 €19.24 76
Growth DCF €22.11 €31.14 €42.85 72
Gordon GGM €4.37 €7.32 €9.50 70
All 26 models by family
DCF Models
FCF DCF €22.37 €32.63 €46.86 38
Owner Earnings €17.72 €25.50 €36.28 31
5Y Revenue Exit €20.56 €31.34 €45.50 39
5Y EBITDA Exit €23.08 €36.41 €52.62 41
5Y P/E Exit €22.44 €35.13 €49.16 38
10Y Revenue Exit €20.63 €30.04 €43.55 36
10Y EBITDA Exit €22.46 €33.17 €48.51 37
10Y P/E Exit €22.10 €32.38 €46.10 35
Earnings-Based
Graham-Dodd €9.30 €39.37 €53.74 54
Lynch FV €10.02 €14.32 €18.62 50
PEG = 1.0 €10.02 €14.32 €18.62 46
EPV €13.56 €14.81 €15.82 59
Dividend Discount
Gordon GGM €4.37 €7.32 €9.50 70
DDM Multi-Stage €4.37 €6.94 €7.88 61
Multiples
P/E Multiple €21.54 €28.72 €35.90 63
P/S Multiple €17.44 €23.25 €29.06 58
P/B Multiple €17.44 €23.25 €29.06 55
EV/EBIT €26.65 €34.47 €42.29 53
EV/EBITDA €25.93 €33.52 €41.10 54
EV/Revenue €19.93 €27.11 €34.29 43
Asset-Based
NCAV (Graham) €3.73 €5.00 €7.46 50
Growth DCF
Growth DCF €22.11 €31.14 €42.85 72
Rev-Margin DCF €20.56 €31.28 €44.75 67
Economic Profit
Residual Income €7.28 €9.16 €19.24 76
ROIC Compounder €14.40 €16.75 €19.31 67
Growth Earnings
Growth-Adj P/E €16.94 €24.21 €31.47 68

Widest divergence: DCF Models (€32.38) versus Asset-Based (€5.00). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €99.6M
Revenue growth (YoY) -0.6%
Net margin 4.8%
Return on equity 18.3%
Free cash flow €7.4M FY2025
P/E ratio 15.0
More key figures
Operating margin 8.2%
EPS (TTM) €1.37
Dividend yield 3.7%
EPS growth (YoY) +2.0%

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 75 · Market factors (momentum, volatility) 60

Profitability 71
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 83
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

Viafin Service Oyj provides industrial maintenance services in Finland. It provides pipeline maintenance services, including industrial pipework, annual maintenance and shutdowns, mechanical welding works, and pressure equipment and tanks; turnkey solutions, such as pre-inspection, design, materials, prefabrication, installation, inspection, and regulatory …

Full company description

Viafin Service Oyj provides industrial maintenance services in Finland. It provides pipeline maintenance services, including industrial pipework, annual maintenance and shutdowns, mechanical welding works, and pressure equipment and tanks; turnkey solutions, such as pre-inspection, design, materials, prefabrication, installation, inspection, and regulatory approval; and industrial maintenance and servicing, expert services, operation and maintenance services, and installation, machining services, and equipment relocations, as well as maintenance professionals. The company also offers wind turbine maintenance services comprising installation and maintenance for wind turbines, as well as routine maintenance of wind turbines; shaft replacements and bearing replacements for gearboxes; powerlines and gearboxes inspections, alignments, and endoscopic inspections; yaw drive overhauls and replacements; refurbishments and replacements of nitrogen accumulator; inspections and tightening of bolt joint; acceptance inspections for wind turbines; and end-of-warranty inspections for wind turbines. In addition, it provides gas system maintenance services for gas filling stations, and transmission, distribution, and utilization pipelines; calibration and maintenance services; and biogas plants maintenance services, as well as monitoring and mapping services, and designs gas systems and pipelines. Further, the company provides hydrogen gas; and Industrial equipment installations services. The company was incorporated in 2017 and is based in Kurikka, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Viafin Service Oyj reported revenue of €99.6M in FY2025 versus €61.2M in FY2021, a compound +12.9%/yr. Reported net income was €4.8M in FY2025, compounding +14.4%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€99.6M
Latest YoY
+8.7%
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.
+4.5%
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.
+11.5%
Revenue +12.9%/yr
FY21 €61.2M
FY22 €87.3M
FY23 €75.4M
FY24 €91.6M
FY25 €99.6M
Net income +14.4%/yr
FY21 €2.8M
FY22 €3.4M
FY23 €3.5M
FY24 €4.4M
FY25 €4.8M

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Cite: Fair Value Calculator (2026). "Viafin Service Oyj Fair Value". https://www.fairvalue-calculator.com/stock/VIAFIN

Peer Group

Specialty Industrial Machinery · 806 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 75 · Top 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 3.8% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than 75% of peers
P/B 2.99× · Pricier than median
P/S (TTM) 0.78× · Cheaper than median
P/FCF 10.5× · Pricier than median
EV/EBITDA 8.8× · Cheaper 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 93 · sector 0
FUTURE 0 · sector 23
PAST 73 · sector 28
HEALTH 0 · sector 96
DIVIDEND 77 · sector 24

Insider activity: 40/100

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 Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
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Eaton Corporation ETN $407.28 $171.92 -58%
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Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Viafin Service Oyj (VIAFIN) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €28.72 versus a price of €19.80, about +45% (undervalued).
What is the fair value of VIAFIN?
Our model-based fair value for Viafin Service Oyj is €28.72 (as of Jul 15, 2026), built from audited fundamentals. The current price is €19.80.
What is the quality score of VIAFIN?
Viafin Service Oyj has a Quality Score of 75/100. 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 Viafin Service Oyj (VIAFIN)?
Viafin Service Oyj reported trailing-twelve-month revenue of about €99.6M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of VIAFIN?
The net profit margin of Viafin Service Oyj is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Viafin Service Oyj pay a dividend?
Viafin Service Oyj currently shows a dividend yield of about 3.66% relative to its recent price (as of Jul 15, 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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