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.
/
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.
Pihlajalinna Oyj is a leading Finnish provider of social, healthcare, and wellbeing services, founded in 2014 and headquartered in Tampere. The company delivers comprehensive care to private individuals, companies, insurance providers, and public sector entities through two main segments: Private Healthcare Services and Public Services. Its offerings include general practitioner and specialist consultations, occupational healthcare, remote services, diagnostics, rehabilitation, residential care, staffing, and fitness center operations, alongside hospital and private clinic facilities. With approximately 5,000 employees and over 2,100 practitioners, Pihlajalinna emphasizes effective care pathways, customer-oriented models, and a strong corporate culture as a healthcare reformer in Finland's growing private market. Generating EUR 704 million in revenue in 2024, it plays a pivotal role in outsourcing social and healthcare solutions, fostering sustainability through high-quality services, information security, and environmental care, while its shares are listed on Nasdaq Helsinki with a predominantly Finnish ownership base.
€10.76
+€0.28 (+2.67%)
EOD Jul 2, 2026
Operating margin is thin at 6.41%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 34% versus the prior year, cash generation momentum has weakened. Net debt of €271M represents 4.6x FCF, leverage limits flexibility.
6.9x earnings, 4.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€613M
▼ -7.4% YoY
Net Income (TTM)
€36M
▲ +27.8% YoY
Op. Margin
6.14%
▼ -0.6pp YoY
ROIC
8.05%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€51M
▼ -34.2% YoY
Op. Cash Flow (TTM)
€53M
▼ -38.7% YoY
Net Debt
€271M
Cash & Equiv.
€31M
3Y CAGR: -1.9%
3Y CAGR: +18.1%
Continue Research
At a P/E of 6.9 and a price-to-free-cash-flow of 4.8, Pihlajalinna Oyj (PIHLIS.XHEL) trades below a two-stage DCF intrinsic value of about €31.58 per share, so at €10.76 the stock looks undervalued (193.5% 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, Pihlajalinna Oyj scores 63/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.1%; see dividend safety for coverage and history. 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 €31.58 per share for PIHLIS.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 €23.69. At today's €10.76, that puts the stock about 193.5% 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.
Pihlajalinna Oyj scores 63 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 6.1% operating margin and a 8.0% 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.
Yes, Pihlajalinna Oyj pays a regular dividend of about €0.44 per share per year (typically in quarterly installments), a yield of roughly 4.1% at the current price. That is a payout ratio of about 27.6% of earnings, so the dividend is amply covered by earnings. Pihlajalinna Oyj has grown the dividend at roughly 18.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PIHLIS.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. PIHLIS.XHEL currently trades below its estimated intrinsic value and scores 63/100 on quality (solid). It also yields about 4.1%. 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.