Netum Group Oyj (OHEL:NETUM) Intrinsic Value: Projected FCF: €3.39 (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OHEL:NETUM Netum Group Oyj OHEL:NETUM
61 GF Score
Price €0.98
GF Value €1.92
Valuation Possible Value Trap
! 6 Warning Signs
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What is Netum Group Oyj Intrinsic Value: Projected FCF?

Netum Group Oyj OHEL:NETUM -1.21% 61 Intrinsic Value: Projected FCF is €3.39 as of Aug. 25, 2026. GuruFocus rates OHEL:NETUM with a GF Score™ of 61/100 and a GF Value™ of €1.92 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,462 Software companies, Netum Group Oyj ranks better than 95.69% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-25), Netum Group Oyj's Intrinsic Value: Projected FCF is €3.39. The stock price of Netum Group Oyj is €0.978. Therefore, Netum Group Oyj's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for Netum Group Oyj's Intrinsic Value: Projected FCF or its related term are showing as below:

OHEL:NETUM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.29   Med: 0.61   Max: 0.88
Current: 0.29

During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Netum Group Oyj was 0.88. The lowest was 0.29. And the median was 0.61.

OHEL:NETUM's Price-to-Projected-FCF is ranked better than
95.69% of 1462 companies
in the Software industry
Industry Median: 1.44 vs OHEL:NETUM: 0.29

Netum Group Oyj  (OHEL:NETUM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Netum Group Oyj's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.978/3.3858071994995
=0.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Netum Group Oyj Intrinsic Value: Projected FCF Related Terms


Netum Group Oyj Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Netum Group Oyj's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Netum Group Oyj Intrinsic Value: Projected FCF Chart

Netum Group Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial 0.00 0.00 0.00 2.91 3.39

Netum Group Oyj Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 2.91 0.00 3.39 0.00

OHEL:NETUM vs IBM, ACN, FISV: Intrinsic Value: Projected FCF Comparison

For the Information Technology Services subindustry, Netum Group Oyj's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Netum Group Oyj Price-to-Projected-FCF vs Software Industry

For the Software industry and Technology sector, Netum Group Oyj's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Netum Group Oyj's Price-to-Projected-FCF falls into.


OHEL:NETUM
61GF Score
Netum Group Oyj OHEL:NETUM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netum Group Oyj Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Netum Group Oyj's Free Cash Flow(6 year avg) = €2.06.

Netum Group Oyj's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*2.0567142857143+15.277*0.8)/12.638
=3.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €3.39 mean?
Netum Group Oyj (OHEL:NETUM) has a Intrinsic Value: Projected FCF of €3.39 as of Aug. 25, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Netum Group Oyj and its competitors. According to the industry distribution chart, Netum Group Oyj ranks #63 out of 1462 companies in the Software industry, placing it in the top 4.3%.
Is Netum Group Oyj's Intrinsic Value: Projected FCF too high?
Netum Group Oyj's current Intrinsic Value: Projected FCF is €3.39. Based on the distribution chart, Netum Group Oyj ranks #63 out of 1462 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netum Group Oyj has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Netum Group Oyj's Intrinsic Value: Projected FCF compare to IBM and ACN?
According to the Software industry distribution chart, Netum Group Oyj ranks #63 out of 1462 companies for Intrinsic Value: Projected FCF. This places Netum Group Oyj in the top 4% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 1.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Software company?
The median Intrinsic Value: Projected FCF among Software companies is 1.44, based on 1,462 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Netum Group Oyj and its competitors. For the Software industry, the median Intrinsic Value: Projected FCF is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netum Group Oyj's current Intrinsic Value: Projected FCF is €3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netum Group Oyj stock overvalued right now?
Based on GuruFocus' analysis, Netum Group Oyj (OHEL:NETUM) is currently considered Possible Value Trap. The stock's GF Value™ is €1.92, compared to a current price of €0.98 — trading 49.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is €3.39. Netum Group Oyj's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Netum Group Oyj (OHEL:NETUM), the current Intrinsic Value: Projected FCF is €3.39 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Netum Group Oyj (OHEL:NETUM) Overvalued in 2026?

Based on GuruFocus' analysis, Netum Group Oyj stock appears to be undervalued. The current stock price of €0.98 is trading 49.1% below its estimated GF Value™ of €1.92. GuruFocus considers Netum Group Oyj to be Possible Value Trap.

Key valuation signals for OHEL:NETUM:

  • Intrinsic Value: Projected FCF: €3.39
  • GF Value™: €1.92 vs. price of €0.98 (49.1% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the OHEL:NETUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netum Group Oyj Business Description

Address Yliopistonkatu 58 B, Tampere, FIN, 33100
Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy of digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services, and management consulting services.
61GF Score

Get the complete analysis for OHEL:NETUM

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.98
Price
€1.92
GF Value