Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
1.79%
0%
1.79%
6 Months
5.56%
0%
5.56%
1 Year
45.41%
0%
45.41%
2 Years
52.82%
0%
52.82%
3 Years
47.29%
0%
47.29%
4 Years
-8.95%
0%
-8.95%
5 Years
71.69%
0%
71.69%
Heeros Oyj for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
5.70%
EBIT Growth (5y)
13.21%
EBIT to Interest (avg)
0.33
Debt to EBITDA (avg)
0.33
Net Debt to Equity (avg)
-0.04
Sales to Capital Employed (avg)
1.96
Tax Ratio
7.27%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
9.69%
ROE (avg)
6.55%
Valuation key factors
Factor
Value
P/E Ratio
31
Industry P/E
Price to Book Value
3.87
EV to EBIT
30.28
EV to EBITDA
11.06
EV to Capital Employed
3.97
EV to Sales
2.66
PEG Ratio
0.10
Dividend Yield
NA
ROCE (Latest)
8.80%
ROE (Latest)
9.10%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
11.30
11.10
1.80%
Operating Profit (PBDIT) excl Other Income
0.90
0.30
200.00%
Interest
0.10
0.10
Exceptional Items
0.00
0.00
Consolidate Net Profit
0.20
-0.40
150.00%
Operating Profit Margin (Excl OI)
27.20%
-20.80%
4.80%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 1.80% vs 20.65% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is 150.00% vs -180.00% in Dec 2022
About Heeros Oyj 
Heeros Oyj
Software Products
Heeros Oyj is a Finland-based developer of cloud-based software for financial administration. The Company develops and markets tools for e-invoicing, invoice recognition, invoice purchasing, sales invoicing and e-archiving. It also offers related services, such as implementation and training. The Company has one subsidiary in the Netherlands.
Company Coordinates 
Company Details
Televisiokatu 4 , HELSINKI None : 00240
Registrar Details






