Atea ASA provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. More Details
ATEA passed our risk checks.
Outstanding track record with excellent balance sheet and pays a dividend.
Share Price & News
How has Atea's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATEA is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ATEA's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ATEA exceeded the Norwegian IT industry which returned 37.2% over the past year.
Return vs Market: ATEA exceeded the Norwegian Market which returned 31.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Atea's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StWe Think Atea's (OB:ATEA) Statutory Profit Might Understate Its Earnings Potential
6 months ago | Simply Wall StAtea ASA's (OB:ATEA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
6 months ago | Simply Wall StWill the Promising Trends At Atea (OB:ATEA) Continue?
Is Atea undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATEA (NOK168.4) is trading below our estimate of fair value (NOK235.56)
Significantly Below Fair Value: ATEA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATEA is poor value based on its PE Ratio (26.5x) compared to the Norwegian IT industry average (26x).
PE vs Market: ATEA is poor value based on its PE Ratio (26.5x) compared to the Norwegian market (14.3x).
Price to Earnings Growth Ratio
PEG Ratio: ATEA is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: ATEA is good value based on its PB Ratio (5.5x) compared to the NO IT industry average (5.9x).
How is Atea forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATEA's forecast earnings growth (15.2% per year) is above the savings rate (1.2%).
Earnings vs Market: ATEA's earnings (15.2% per year) are forecast to grow faster than the Norwegian market (10% per year).
High Growth Earnings: ATEA's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATEA's revenue (4.4% per year) is forecast to grow slower than the Norwegian market (5.5% per year).
High Growth Revenue: ATEA's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATEA's Return on Equity is forecast to be high in 3 years time (26%)
How has Atea performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATEA has high quality earnings.
Growing Profit Margin: ATEA's current net profit margins (1.7%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: ATEA's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: ATEA's earnings growth over the past year (37.8%) exceeds its 5-year average (4.5% per year).
Earnings vs Industry: ATEA earnings growth over the past year (37.8%) exceeded the IT industry 34.8%.
Return on Equity
High ROE: ATEA's Return on Equity (20.8%) is considered high.
How is Atea's financial position?
Financial Position Analysis
Short Term Liabilities: ATEA's short term assets (NOK7.8B) do not cover its short term liabilities (NOK9.1B).
Long Term Liabilities: ATEA's short term assets (NOK7.8B) exceed its long term liabilities (NOK1.8B).
Debt to Equity History and Analysis
Debt Level: ATEA's debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: ATEA's debt to equity ratio has reduced from 51.8% to 14.3% over the past 5 years.
Debt Coverage: ATEA's debt is well covered by operating cash flow (313%).
Interest Coverage: ATEA's interest payments on its debt are well covered by EBIT (12.2x coverage).
What is Atea current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ATEA's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Norwegian market (2%).
High Dividend: ATEA's dividend (2.97%) is low compared to the top 25% of dividend payers in the Norwegian market (5.32%).
Stability and Growth of Payments
Stable Dividend: ATEA's dividends per share have been stable in the past 10 years.
Growing Dividend: ATEA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (78.6%), ATEA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATEA's dividends in 3 years are forecast to be covered by earnings (76.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steinar Sonsteby (59 yo)
Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since February 2014 and served as its President and Acting Managing Director of Atea Norway AS until March 11, 2016. He is Board Member...
CEO Compensation Analysis
Compensation vs Market: Steinar's total compensation ($USD837.24K) is above average for companies of similar size in the Norwegian market ($USD576.86K).
Compensation vs Earnings: Steinar's compensation has been consistent with company performance over the past year.
Experienced Management: ATEA's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: ATEA's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATEA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Atea ASA's company bio, employee growth, exchange listings and data sources
- Name: Atea ASA
- Ticker: ATEA
- Exchange: OB
- Founded: 1968
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: kr18.742b
- Shares outstanding: 111.29m
- Website: https://www.atea.com
Number of Employees
- Atea ASA
- Karvesvingen 5
- Box 6472
Atea ASA provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. The company offers hardware and software solutions for s...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 03:55|
|End of Day Share Price||2021/07/30 00:00|
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 here.