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    Utilities

  3. •

    Water utilities
Tallinna Vesi AS Class A

Tallinna Vesi AS Class A

TTAL:TVE1T
10.85
EUR
-0.05
(-0.46%)
225.00MMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.65
2.66
2.8
2.95
2.99
3.14
3.17
2.59
2.66
2.73
3.06
3.25
3.62
- -
Basic EPS, GAAP
1
0.9
0.99
0.92
0.36
1.21
1.39
0.84
0.81
0.42
0.64
0.66
0.71
- -
Free Cash Flow per Basic Share
1.03
1.09
0.88
0.87
1.17
1.18
1.18
0.35
0.44
-0.28
-0.22
-0.82
-1.12
- -
Dividend per Share
0.87
0.9
0.9
0.9
0.54
0.36
0.75
0.99
0.64
0.64
0.33
0.5
0.53
- -
Book Value per Share
4.36
4.36
4.45
4.47
4.29
5.14
5.78
5.61
5.77
5.54
5.85
6.01
6.19
5.83
Tangible Book Value per Share
4.31
4.31
4.41
4.43
4.25
5.1
5.74
5.58
5.73
5.51
5.79
5.9
6.05
5.66
Basic Weighted Avg Shares
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
53
53
56
59
60
63
63
52
53
55
61
65
72
- -
Operating Margin (%)
46.63
46.63
45.73
41.75
18.16
42.91
50.57
42.12
35.23
20.75
28.38
29.17
29.27
- -
Depreciation Expense
6
6
6
6
6
6
6
6
7
7
8
9
10
- -
Net Income, GAAP
20
18
20
18
7
24
28
17
16
8
13
13
14
- -
Effective Tax Rate (%)
18.83
21.05
18.47
19.66
27.21
6.94
11.32
21.6
12.14
21.04
9.59
10.12
18.31
- -
Profit Margin (%)
37.55
33.7
35.51
31.18
12.07
38.47
43.77
32.35
30.33
15.41
21.01
20.41
19.65
- -
Working Capital
36
38
37
31
43
57
59
39
28
4
6
-5
-2
-4
LT Debt
94
96
96
96
96
92
89
85
82
78
95
116
157
171
Total Equity
87
87
89
89
86
103
116
112
115
111
117
120
124
117
Return on Invested Capital (%)
10.98
10.61
11.21
10.59
4.28
13.09
13.89
8.28
8.15
4.51
7.62
7.42
6.54
- -
Return on Capital (%)
12.36
11.07
11.71
10.55
4.53
13.37
14.07
8.42
8.19
4.52
7.68
7.51
6.59
- -
Return on Common Equity (%)
23.2
20.58
22.55
20.62
8.24
25.61
25.43
14.69
14.2
7.43
11.27
11.2
11.68
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5
4
8
LT Borrowings
155
155
170
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
220
225
225

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
23
27
21
Cash, Cash Equivalents & STI
11
15
7
Accounts Receivable, Net
8
11
12
Inventories
1
1
1
Total Current Liabilities
25
21
25
Payables & Accruals
- -
- -
- -
ST Debt
5
4
8
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.59%
2.03%
3.03%
Free Cash Flow
11.47%
30.19%
35.92%
Net Income, GAAP
15.36%
2.41%
7.22%
Sales/Revenue/Turnover
2.97%
7.06%
11.38%
Total Cash Common Dividend
- -
-4.98%
5.27%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
16
16
18
65
2025
16
19
- -
19
72
2026
18
19
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.11
0.2
0.21
0.66
2025
0.17
0.07
- -
0.22
0.71
2026
0.21
-0.01
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.53
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Aleksandr Timofejev
Full Time Employees
360
Sector
Utilities
Industry
Water utilities
Address
Tallinn Estonia
IPO Date
Jun 1, 2005
Website
tallinnavesi.ee
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Business
Tallinna Vesi AS is an Estonia-based water utility company that specializes in the management, treatment, and distribution of drinking water, as well as the collection, treatment, and disposal of wastewater and stormwater. Founded in 1991 and headquartered in Tallinn, Estonia, the company operates across regulated utility services and non-regulated infrastructure sectors. Its core product and service portfolio includes the extraction, purification, and supply of potable water sourced from Lake Ülemiste and regional groundwater aquifers; the collection, transport, and biological-chemical purification of municipal and industrial wastewater; the management, drainage, and treatment of urban stormwater; comprehensive laboratory testing services, including chemical and microbiological analyses of drinking water, wastewater, and soil; infrastructure construction, trenchless pipeline rehabilitation, and engineering design through its wholly owned subsidiary Watercom OÜ; and technical consultation, pressure testing, CCTV pipeline inspections, and specialized machinery rental for utility networks. The company provides its services to residential, commercial, industrial, and public sector clients primarily within the City of Tallinn and adjacent municipalities across Harju County, including Saue, Harku, and Maardu. In recent operational and strategic developments, Tallinna Vesi AS has advanced its comprehensive capital investment program to upgrade critical infrastructure and strengthen environmental sustainability, featuring major modernizations at the Ülemiste Water Treatment Plant and the Paljassaare Wastewater Treatment Plant to enhance energy efficiency, nutrient removal, and biogas-to-energy cogeneration; executed a territory-wide rollout of automated smart water meters to optimize real-time consumption tracking and leak detection; transitioned all production and treatment facilities to 100% renewable electricity; and expanded service concession and pipeline construction agreements with neighboring local governments.