Atea ASA

LSE:0JWO Stock Report

Market Cap: NOK 15.3b

Atea Valuation

Is 0JWO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0JWO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0JWO (NOK135.8) is trading below our estimate of fair value (NOK246.95)

Significantly Below Fair Value: 0JWO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0JWO?

Key metric: As 0JWO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0JWO. This is calculated by dividing 0JWO's market cap by their current earnings.
What is 0JWO's PE Ratio?
PE Ratio19.9x
EarningsNOK 771.00m
Market CapNOK 15.33b

Price to Earnings Ratio vs Peers

How does 0JWO's PE Ratio compare to its peers?

The above table shows the PE ratio for 0JWO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
KNOS Kainos Group
20x1.7%UK£1.0b
CCC Computacenter
13.8x7.0%UK£2.4b
SCT Softcat
27.3x8.6%UK£3.2b
FDM FDM Group (Holdings)
11.6x-7.3%UK£352.4m
0JWO Atea
19.9x19.8%NOK 15.3b

Price-To-Earnings vs Peers: 0JWO is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does 0JWO's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0JWO 19.9xIndustry Avg. 17.9xNo. of Companies27PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0JWO is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0JWO'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.

0JWO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio39.4x

Price-To-Earnings vs Fair Ratio: 0JWO is good value based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (39.4x).

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 0JWO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 135.80
NOK 151.00
+11.2%
10.0%NOK 170.00NOK 133.00n/a3
Nov ’25NOK 137.80
NOK 149.33
+8.4%
11.5%NOK 170.00NOK 128.00n/a3
Oct ’25NOK 134.40
NOK 147.67
+9.9%
11.7%NOK 170.00NOK 128.00n/a3
Sep ’25NOK 144.60
NOK 159.33
+10.2%
14.1%NOK 180.00NOK 128.00n/a3
Aug ’25NOK 145.36
NOK 159.33
+9.6%
14.1%NOK 180.00NOK 128.00n/a3
Jul ’25NOK 152.20
NOK 150.00
-1.4%
19.6%NOK 180.00NOK 110.00n/a3
Jun ’25NOK 146.00
NOK 150.00
+2.7%
19.6%NOK 180.00NOK 110.00n/a3
May ’25NOK 140.55
NOK 150.00
+6.7%
19.6%NOK 180.00NOK 110.00n/a3
Apr ’25NOK 129.60
NOK 148.67
+14.7%
21.0%NOK 180.00NOK 106.00n/a3
Mar ’25NOK 125.61
NOK 148.67
+18.4%
21.0%NOK 180.00NOK 106.00n/a3
Feb ’25NOK 139.18
NOK 158.00
+13.5%
11.9%NOK 180.00NOK 134.00n/a3
Jan ’25NOK 128.76
NOK 158.33
+23.0%
10.4%NOK 180.00NOK 140.00n/a3
Dec ’24NOK 123.00
NOK 158.33
+28.7%
10.4%NOK 180.00NOK 140.00n/a3
Nov ’24NOK 117.19
NOK 158.75
+35.5%
7.9%NOK 180.00NOK 148.00NOK 137.804
Oct ’24NOK 133.60
NOK 162.00
+21.3%
7.4%NOK 180.00NOK 148.00NOK 134.404
Sep ’24NOK 131.80
NOK 162.00
+22.9%
7.4%NOK 180.00NOK 148.00NOK 144.604
Aug ’24NOK 137.66
NOK 162.00
+17.7%
7.4%NOK 180.00NOK 148.00NOK 145.364
Jul ’24NOK 156.17
NOK 150.25
-3.8%
8.0%NOK 170.00NOK 140.00NOK 152.204
Jun ’24NOK 150.09
NOK 150.25
+0.1%
8.0%NOK 170.00NOK 140.00NOK 146.004
May ’24NOK 146.39
NOK 141.50
-3.3%
6.1%NOK 150.00NOK 128.00NOK 140.554
Apr ’24NOK 125.23
NOK 137.00
+9.4%
6.1%NOK 150.00NOK 128.00NOK 129.604
Mar ’24NOK 120.35
NOK 137.00
+13.8%
6.1%NOK 150.00NOK 128.00NOK 125.614
Feb ’24NOK 113.60
NOK 131.25
+15.5%
9.1%NOK 150.00NOK 117.00NOK 139.184
Jan ’24NOK 114.40
NOK 130.75
+14.3%
8.5%NOK 150.00NOK 123.00NOK 128.764
Dec ’23NOK 118.20
NOK 130.75
+10.6%
8.5%NOK 150.00NOK 123.00NOK 123.004
Nov ’23NOK 116.57
NOK 130.75
+12.2%
8.5%NOK 150.00NOK 123.00NOK 117.194

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

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