Added to YB: 2026-04-10
Pitch date: 2026-04-08
TALK.ST [neutral]
TalkPool AG
-2.68%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
TalkPool AG, together with its subsidiaries, provides network design, engineering, implementation, and managed services to telecommunications operators, system vendors, and prime contractors in Europe, the United States, the Middle East, and internationally.
Market Cap
SEK 9.7M
Pitch Price
SEK 14.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.28
P/E
9.29
EV/Sales
0.57
Sector
IT Services
Category
growth
Talkpool Update
TALK.ST (update): Q4 rev +20.1% YoY (ahead of 16.8% CAGR Vision 2030 target). EBITDA margin dipped to 8.2% (vs 10.7% Q4'24) on deliberate ramp-up costs for Huawei/Nokia contracts, expected to convert to high-margin recurring rev H2'26. Stealth 2030 EBITDA margin guidance hike from 14% to 20% (+42%) buried in tables. Strategic €1.65M raise brought in Bruce Grant (ex-Tele2 Chairman/Stenbeck network) + telecom veterans. Acquired Netcom for €1.1M (€300K upfront, €800K earn-outs through 2030), generates €200K EBITDA annually (5.5x full price). Network-driven M&A execution beginning.
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