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Terveystalo Oyj
OMXH:TTALO

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Terveystalo Oyj
OMXH:TTALO
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Price: 7.64 EUR -6.37%
Market Cap: €970.6m

EV/EBITDA

5.7
Current
28%
Cheaper
vs 3-y average of 7.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.7
=
Enterprise Value
€1.6B
/
EBITDA
€241.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.7
=
Enterprise Value
€1.6B
/
EBITDA
€241.4m

Valuation Scenarios

Terveystalo Oyj is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (7.9), the stock would be worth €10.61 (39% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+102%
Average Upside
51%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5.7 €7.64
0%
3-Year Average 7.9 €10.61
+39%
5-Year Average 8.1 €10.8
+41%
Industry Average 6.9 €9.21
+20%
Country Average 11.5 €15.42
+102%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€1.6B
/
Jan 2026
€241.4m
=
5.7
Current
€1.6B
/
Dec 2026
€252.1m
=
6.3
Forward
€1.6B
/
Dec 2027
€265.2m
=
6
Forward
€1.6B
/
Dec 2028
€275m
=
5.8
Forward
€1.6B
/
Dec 2029
€282.6m
=
5.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
FI
Terveystalo Oyj
OMXH:TTALO
967.6m EUR 5.7 10.1
US
CVS Health Corp
NYSE:CVS
99.1B USD 14.2 56
US
Cigna Group
XMUN:CGN
69.7B EUR 7.8 13.4
US
Cigna Corp
NYSE:CI
72.6B USD 0 12.2
DE
Fresenius Medical Care AG
XMUN:FME
23.1B EUR 9 23.3
DE
Fresenius SE & Co KGaA
XETRA:FRE
22.7B EUR 9.2 17.9
US
Quest Diagnostics Inc
NYSE:DGX
21.8B USD 11.7 21.4
US
Laboratory Corporation of America Holdings
NYSE:LH
21.7B USD 11.9 24.7
DE
Fresenius Medical Care AG & Co KGaA
XETRA:FME
10.8B EUR 5.3 11.1
US
Guardant Health Inc
NASDAQ:GH
11.6B USD -30.5 -27.9
US
DaVita Inc
NYSE:DVA
10.4B USD 7.2 13.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FI
T
Terveystalo Oyj
OMXH:TTALO
Average EV/EBITDA: 9.1
5.7
4%
1.4
US
CVS Health Corp
NYSE:CVS
14.2
28%
0.5
US
C
Cigna Group
XMUN:CGN
7.8
5%
1.6
US
Cigna Corp
NYSE:CI
Not Available N/A N/A
DE
Fresenius Medical Care AG
XMUN:FME
9
7%
1.3
DE
Fresenius SE & Co KGaA
XETRA:FRE
9.2
10%
0.9
US
Quest Diagnostics Inc
NYSE:DGX
11.7
6%
2
US
Laboratory Corporation of America Holdings
NYSE:LH
11.9
10%
1.2
DE
F
Fresenius Medical Care AG & Co KGaA
XETRA:FME
5.3
7%
0.8
US
Guardant Health Inc
NASDAQ:GH
Negative Multiple: -30.5 N/A N/A
US
DaVita Inc
NYSE:DVA
7.2
4%
1.8

Market Distribution

Lower than 88% of companies in Finland
Percentile
12th
Based on 419 companies
12th percentile
5.7
Low
0.5 — 8.7
Typical Range
8.7 — 16.5
High
16.5 —
Distribution Statistics
Finland
Min 0.5
30th Percentile 8.7
Median 11.5
70th Percentile 16.5
Max 368.3

Terveystalo Oyj
Glance View

Market Cap
970.6m EUR
Industry
Health Care

Terveystalo Oyj, a leading figure in Finland's private healthcare sector, paints a comprehensive picture of modern healthcare services, effectively bridging the gap between medical expertise and patient-centered care. Established in 2001, the company operates a robust network of clinics and hospitals across Finland, addressing a broad spectrum of health needs from occupational health services to specialized medical treatments and diagnostics. By integrating cutting-edge technology and innovative healthcare solutions, Terveystalo ensures efficient service delivery and high-quality patient care. The company's strength lies in its expansive reach and diverse service offerings, which cater to both corporate clients and individual patients, thus cementing its role as a pillar of health and wellness in the Finnish market. Financially, Terveystalo generates revenue through a multi-faceted business model. The company offers occupational health services, which are a significant part of its income stream, as many Finnish companies utilize these services for their employees, ensuring workplace wellness and compliance with health regulations. Additionally, revenue flows from private consultations, medical procedures, and an array of diagnostic services. Terveystalo's investment in digital health tools, such as online consultations and telemedicine, further monetizes their operations by offering convenient access to healthcare, thereby broadening their customer base. This business strategy not only aligns with global trends towards digitalization but also positions Terveystalo as a resilient player in the face of evolving healthcare demands.

TTALO Intrinsic Value
14.8 EUR
Undervaluation 48%
Intrinsic Value
Price €7.64
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