Evli Oyj came into this Q3 2026 earnings print with a reputation as a high margin wealth and asset manager trading at a discount to many analysts' value estimates, yet the stock has drifted lower, with the share price down about 10% over the past three months and closing at €22.40 on 29 October. The fresh quarter shows revenue of €31.7 million and net income of €8.8 million, while trailing 12 month earnings sit at €39.4 million. The headline story is the pressure on quarterly profit against a still strong full year margin profile. The latest price move seems to be treating this as more alarming than the numbers suggest.
Love Evli Oyj's high margin profile but uneasy about profit pressure in the latest quarter and the recent share price slide? Compare this setup with other wealth and asset managers that combine strong profitability with sturdier earnings trends in our list of solid balance sheet and fundamentals stocks (207 results)
Q3 2026 Earnings Summary
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Revenue (Q3 2026 vs Q3 2025):€31.7 million vs €36.7 million (down about 13.6%)
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Net Income (Q3 2026 vs Q3 2025):€8.8 million vs €10.4 million (down about 15.4%)
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Basic EPS (Q3 2026 vs Q3 2025):not disclosed for Q3 2026 vs €0.389502 in Q3 2025 (direction not quantifiable due to the missing latest figure)
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Net Profit Margin (TTM, Q3 2026 vs Q3 2025):27% vs 26.1% (improved by 0.9 percentage points)
Ask Charlie what makes Evli Oyj look undervalued today .
Evli bullish case leans on resilient margins
For anyone backing Evli as a high margin Nordic wealth manager, the trailing net profit margin of 27% versus 26.1% a year earlier still works as a key pillar. Earnings over the past 12 months at €39.4 million against a single softer quarter suggest the broader profit engine remains intact. The share price has slipped about 10% over three months, yet the business continues to generate solid absolute earnings. This supports the idea of a fee rich, cash generative platform rather than a broken model.
Short term profit pressure feeds the bear story
On the cautious side, Q3 revenue fell from €36.7 million to €31.7 million and net income declined from €10.4 million to €8.8 million. That drop lines up with the view that Evli is exposed to weaker capital markets and lumpier advisory activity. Recent returns, with the stock down about 6% over one month and roughly 10% over three months, show investors reacting to that earnings squeeze, even though the trailing margin profile still looks healthy.
After a quarter where earnings softened and the share price slipped, pressure on Evli Oyj's execution can easily mask deeper issues around leverage, insider behaviour, or business concentration. Review the full risk scorecard and see whether this earnings wobble is a one off or an early warning by reading the risk analysis for Evli Oyj which shows 2 important warning signs
Hunt For Mispriced Earnings Power
Evli Oyj just reminded you that a softer quarter and a sliding share price do not always rewrite the long term story. The real opportunity could sit in stocks that look undervalued before the market closes the gap.
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Company 1 - 25% below our estimate - uses a fully funded expansion pipeline to lift copper output and introduce new polymetallic revenue streams.
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Company 2 - 20% below our estimate - shifts from export heavy refining toward an integrated model built on expanding fuel retail outlets and efficiency upgrades.
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Company 3 - 35% below our estimate - secures long duration turbine service contracts that turn a growing order backlog into recurring, higher margin maintenance revenue.
That is three of the list. See all 191 potentially undervalued companies →
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include EVLI.HE .
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