Summa Defence Oyj

SUMMA.HE

Aerospace & Defense · Industrials

Price

€0.41

+0.01 (+3.38%)

Market Cap

€18.9M

Exchange

NASDAQ Helsinki

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 13, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count falling — buybacks

−72.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 165.2M (2021) → 45.7M (2025)

Winston Score History

The full picture

Summa Defence Oyj is a Finnish defense company that provides military training, simulation, and support services. Its main customers are armed forces and government defense agencies, primarily in Finland and the broader Nordic and Baltic region. The company focuses on areas like soldier training systems, defense technology services, and readiness support for military organizations.

Summa Defence generates revenue through contracts and project-based work with government defense clients. It operates mainly in Northern Europe, where demand for defense capabilities has grown sharply following increased regional security concerns after Russia's invasion of Ukraine. The company is relatively small, and its negative gross and operating margins show it is not yet profitable, meaning it spends more than it earns — a significant financial risk. The key growth driver is rising defense budgets across NATO-aligned European nations, but the company must win larger contracts and improve its cost structure to turn that opportunity into sustainable profit.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+48.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+82.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$358,056/ year

↓ Declining (-7% vs prior year)

0.4% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

14.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$5M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Summa Defence Oyj grew revenue 48% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

-18.3%

Thin — -18.3% gross margin

Operating Margin

-29.9%

Losing money on operations — -29.9%

ROCE

-9.9%

Weak — -9.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+27.5%

Fast-growing sales (+27.5% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

1/3 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-18.6%

Burning cash (-18.6%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.04

Conservative — low debt load (0.04)

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial