Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Boreo Oyj is a growth-oriented public limited liability company that creates value by owning, acquiring, and developing small and medium-sized B2B enterprises across Northern Europe. Formerly known as Yleiselektroniikka, it organizes operations into two primary business areas: Electronics and Technical Trade, serving industries through a decentralized structure that fosters entrepreneurial energy and long-term sustainable earnings. In the Electronics segment, subsidiaries like Yleiselektroniikka provide customer-oriented solutions in automation, electromechanics, RF technology, power supplies, and measurement tools, while others such as Noretron Komponentit, Milcon, Infradex, and Delfin Technologies specialize in components, harsh-environment systems, thermal imaging, and health tech instruments. The Technical Trade area includes YE RS for industrial products, Machinery MT for machine tools, Filterit for filtration systems, Pronius for welding equipment, and distributors like PM Nordic and Tornokone for pumps and concrete pumps, alongside transport and construction services from ESKP and Muottikolmio. With 2024 net sales of EUR 134 million from continued operations and over 300 employees in Finland, Sweden, the US, Poland, and the Baltics, Boreo Oyj plays a key role in electronics distribution and technical trading, reinvesting profits into acquisitions for enduring growth.
€18.95
+€0.05 (+0.26%)
EOD Jul 1, 2026
Operating margin is thin at 3.00%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.4%, still solid. Free cash flow declined 46% despite revenue growth, conversion is weakening.
At 34x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 46% versus the prior year, cash generation momentum has weakened.
34.5x earnings, 7.0x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€159M
▲ +14.4% YoY
Net Income (TTM)
€3M
▲ +225.0% YoY
Op. Margin
2.52%
▲ +0.5pp YoY
ROIC
5.01%
▲ +1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€7M
▼ -46.1% YoY
Op. Cash Flow (TTM)
€8M
▼ -44.5% YoY
Net Debt
€29M
Cash & Equiv.
€9M
3Y CAGR: -1.5%
3Y CAGR: +35.7%
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At a P/E of 34.5 and a price-to-free-cash-flow of 7.0, Boreo Oyj (BOREO.XHEL) trades below a two-stage DCF intrinsic value of about €125.94 per share, so at €18.95 the stock looks undervalued (564.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Boreo Oyj scores 43/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €125.94 per share for BOREO.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €94.45. At today's €18.95, that puts the stock about 564.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Boreo Oyj scores 43 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 2.5% operating margin and a 5.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. BOREO.XHEL currently trades below its estimated intrinsic value and scores 43/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.