Omda Valuation

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

OMDA (NOK52.8) is trading below our estimate of [[fair value]] (NOK205.43)

Is OMDA 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow

Simply Wall St

NOK 205.43

Fair Value

74.3% undervalued

Number of Analysts

Below Fair Value: OMDA (NOK52.8) is trading below our estimate of fair value (NOK205.43)

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

Key Valuation Metric

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

Key metric: As OMDA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OMDA. This is calculated by dividing OMDA's market cap by their current revenue.
What is OMDA's PS Ratio?
PS Ratio	2.4x
Sales	NOK 442.14m
Market Cap	NOK 1.08b

OMDA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.4x
Enterprise Value/EBITDA	36.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does OMDA's PS Ratio compare to its peers?

The above table shows the PS ratio for OMDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5x
CONTX ContextVision	2.8x	3.78%	NOK 379.1m
NORDH Nordhealth	5.4x	15.80%	NOK 3.0b
GENT Gentian Diagnostics	5.7x	28.88%	NOK 894.5m
MEDI Medistim	6x	6.30%	NOK 3.6b
OMDA Omda	2.4x	6.48%	NOK 1.1b

Price-To-Sales vs Peers: OMDA is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

How does OMDA's PS Ratio compare vs other companies in the European Healthcare Services Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: OMDA is expensive based on its Price-To-Sales Ratio (2.4x) compared to the European Healthcare Services industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

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

OMDA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	2.1x

Price-To-Sales vs Fair Ratio: OMDA is expensive based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

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 OMDA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 52.80	NOK 44.00 -16.67%	20.45%	NOK 53.00	NOK 35.00	n/a	2
May ’26	NOK 39.20	NOK 44.00 +12.24%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Apr ’26	NOK 41.90	NOK 44.00 +5.01%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Mar ’26	NOK 36.60	NOK 44.00 +20.22%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Feb ’26	NOK 36.50	NOK 44.00 +20.55%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Jan ’26	NOK 33.00	NOK 44.00 +33.33%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Dec ’25	NOK 28.70	NOK 44.00 +53.31%	20.45%	NOK 53.00	NOK 35.00	n/a	2
Nov ’25	NOK 31.00	NOK 42.00 +35.48%	16.67%	NOK 49.00	NOK 35.00	n/a	2
Oct ’25	NOK 31.30	NOK 44.50 +42.17%	10.11%	NOK 49.00	NOK 40.00	n/a	2
Sep ’25	NOK 37.50	NOK 46.50 +24.00%	13.98%	NOK 53.00	NOK 40.00	n/a	2
Aug ’25	NOK 41.30	NOK 46.50 +12.59%	13.98%	NOK 53.00	NOK 40.00	n/a	2
Jul ’25	NOK 35.00	NOK 46.50 +32.86%	13.98%	NOK 53.00	NOK 40.00	n/a	2
Jun ’25	NOK 34.30	NOK 49.00 +42.86%	18.37%	NOK 58.00	NOK 40.00	NOK 52.80	2
May ’25	NOK 36.00	NOK 49.00 +36.11%	18.37%	NOK 58.00	NOK 40.00	NOK 39.20	2
Apr ’25	NOK 30.50	NOK 49.00 +60.66%	18.37%	NOK 58.00	NOK 40.00	NOK 41.90	2
Mar ’25	NOK 26.50	NOK 54.50 +105.66%	26.61%	NOK 69.00	NOK 40.00	NOK 36.60	2
Feb ’25	NOK 33.10	NOK 55.50 +67.67%	27.93%	NOK 71.00	NOK 40.00	NOK 36.50	2
Jan ’25	NOK 37.00	NOK 55.50 +50.00%	27.93%	NOK 71.00	NOK 40.00	NOK 33.00	2
Dec ’24	NOK 39.00	NOK 55.50 +42.31%	27.93%	NOK 71.00	NOK 40.00	NOK 28.70	2
Nov ’24	NOK 30.00	NOK 58.50 +95.00%	9.40%	NOK 64.00	NOK 53.00	NOK 31.00	2
Oct ’24	NOK 33.90	NOK 58.50 +72.57%	9.40%	NOK 64.00	NOK 53.00	NOK 31.30	2
Sep ’24	NOK 39.00	NOK 59.00 +51.28%	10.17%	NOK 65.00	NOK 53.00	NOK 37.50	2
Aug ’24	NOK 41.50	NOK 60.00 +44.58%	8.33%	NOK 65.00	NOK 55.00	NOK 41.30	2
Jul ’24	NOK 41.30	NOK 60.00 +45.28%	8.33%	NOK 65.00	NOK 55.00	NOK 35.00	2
Jun ’24	NOK 45.70	NOK 60.00 +31.29%	8.33%	NOK 65.00	NOK 55.00	NOK 34.30	2

AnalystConsensusTarget

Consensus Narrative from 2 Analysts

NOK 44.00

Fair Value

20.0% overvalued

Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/01 17:52
End of Day Share Price	2025/05/30 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Omda AS is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kristian Støle	Carnegie Investment Bank AB
Emilie Engen	DNB Carnegie