Atea ASA

BATS-CHIXE:ATEAO Stock Report

Market Cap: NOK 17.8b

Atea Valuation

Is ATEAO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ATEAO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ATEAO (NOK173.8) is trading below our estimate of future cash flow value (NOK345.97)

Significantly Below Future Cash Flow Value: ATEAO is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATEAO?

Key metric: As ATEAO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ATEAO. This is calculated by dividing ATEAO's market cap by their current earnings.
What is ATEAO's PE Ratio?
PE Ratio16.1x
EarningsNOK 1.11b
Market CapNOK 17.83b

Price to Earnings Ratio vs Peers

How does ATEAO's PE Ratio compare to its peers?

The above table shows the PE ratio for ATEAO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.6x
KNOS Kainos Group
21x14.92%UK£891.7m
CCC Computacenter
30.4x12.02%UK£4.7b
SCT Softcat
26.2x10.83%UK£3.7b
FDM FDM Group (Holdings)
20.7x27.44%UK£117.4m
ATEAO Atea
16.1x7.95%NOK 17.8b

Price-To-Earnings vs Peers: ATEAO is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (24.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ATEAO's PE Ratio compare vs other companies in the European IT Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies24PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATEAO is good value based on its Price-To-Earnings Ratio (16.1x) compared to the European IT industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is ATEAO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATEAO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATEAO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATEAO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 176.25
0%
2.35%NOK 180.00NOK 170.00n/a4
Jul ’27NOK 173.80
NOK 175.00
+0.69%
2.86%NOK 180.00NOK 170.00n/a4
Jun ’27n/a
NOK 175.00
0%
2.86%NOK 180.00NOK 170.00n/a4
May ’27NOK 154.60
NOK 175.00
+13.20%
2.86%NOK 180.00NOK 170.00n/a4
Apr ’27n/a
NOK 168.33
0%
1.40%NOK 170.00NOK 165.00n/a3
Mar ’27n/a
NOK 168.33
0%
1.40%NOK 170.00NOK 165.00n/a3
May ’26n/a
NOK 151.00
0%
12.58%NOK 170.00NOK 132.00NOK 154.602
Apr ’26n/a
NOK 141.00
0%
6.38%NOK 150.00NOK 132.00n/a2
Mar ’26NOK 135.00
NOK 141.00
+4.44%
6.38%NOK 150.00NOK 132.00n/a2
Feb ’26n/a
NOK 141.50
0%
6.01%NOK 150.00NOK 133.00n/a2
Jan ’26n/a
NOK 141.50
0%
6.01%NOK 150.00NOK 133.00n/a2
Dec ’25n/a
NOK 141.50
0%
6.01%NOK 150.00NOK 133.00n/a2
Nov ’25n/a
NOK 149.33
0%
11.49%NOK 170.00NOK 128.00n/a3
Oct ’25n/a
NOK 147.67
0%
11.68%NOK 170.00NOK 128.00n/a3
Sep ’25n/a
NOK 159.33
0%
14.14%NOK 180.00NOK 128.00n/a3
Aug ’25n/a
NOK 159.33
0%
14.14%NOK 180.00NOK 128.00n/a3
Jul ’25n/a
NOK 150.00
0%
19.63%NOK 180.00NOK 110.00n/a3
NOK 191.45
Fair Value
9.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 00:59
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Atea ASA is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kristian StøleCarnegie Investment Bank AB
Mads StromDanske Bank