Atea ASA

OB:ATEA Stock Report

Market Cap: NOK 15.8b

Atea Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 ATEA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATEA (NOK141.4) is trading below our estimate of fair value (NOK243.76)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ATEA. This is calculated by dividing ATEA's market cap by their current earnings.
What is ATEA's PE Ratio?
PE Ratio20.5x
EarningsNOK 771.00m
Market CapNOK 15.82b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ATEA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.8x
BOUV Bouvet
20.9x7.7%NOK 7.9b
ITERA Itera
17.9x34.5%NOK 728.7m
WSTEP Webstep
60.5x43.2%NOK 595.6m
CRAYN Crayon Group Holding
79.8x61.3%NOK 11.0b
ATEA Atea
20.5x18.9%NOK 15.8b

Price-To-Earnings vs Peers: ATEA is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (44.8x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ATEA 20.5xIndustry Avg. 17.5xNo. of Companies27PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATEA is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the European IT industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is ATEA'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.

ATEA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: ATEA is good value based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

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 ATEA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 141.40
NOK 151.00
+6.8%
10.0%NOK 170.00NOK 133.00n/a3
Dec ’25NOK 135.80
NOK 151.00
+11.2%
10.0%NOK 170.00NOK 133.00n/a3
Nov ’25NOK 137.20
NOK 149.33
+8.8%
11.5%NOK 170.00NOK 128.00n/a3
Oct ’25NOK 133.20
NOK 147.67
+10.9%
11.7%NOK 170.00NOK 128.00n/a3
Sep ’25NOK 144.80
NOK 159.33
+10.0%
14.1%NOK 180.00NOK 128.00n/a3
Aug ’25NOK 147.00
NOK 159.33
+8.4%
14.1%NOK 180.00NOK 128.00n/a3
Jul ’25NOK 151.00
NOK 150.00
-0.7%
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 142.40
NOK 150.00
+5.3%
19.6%NOK 180.00NOK 110.00n/a3
Apr ’25NOK 129.80
NOK 148.67
+14.5%
21.0%NOK 180.00NOK 106.00n/a3
Mar ’25NOK 125.60
NOK 148.67
+18.4%
21.0%NOK 180.00NOK 106.00n/a3
Feb ’25NOK 139.00
NOK 158.00
+13.7%
11.9%NOK 180.00NOK 134.00n/a3
Jan ’25NOK 129.20
NOK 158.33
+22.5%
10.4%NOK 180.00NOK 140.00n/a3
Dec ’24NOK 123.00
NOK 158.33
+28.7%
10.4%NOK 180.00NOK 140.00NOK 135.803
Nov ’24NOK 117.20
NOK 158.75
+35.5%
7.9%NOK 180.00NOK 148.00NOK 137.204
Oct ’24NOK 133.60
NOK 162.00
+21.3%
7.4%NOK 180.00NOK 148.00NOK 133.204
Sep ’24NOK 131.80
NOK 162.00
+22.9%
7.4%NOK 180.00NOK 148.00NOK 144.804
Aug ’24NOK 138.00
NOK 162.00
+17.4%
7.4%NOK 180.00NOK 148.00NOK 147.004
Jul ’24NOK 156.00
NOK 150.25
-3.7%
8.0%NOK 170.00NOK 140.00NOK 151.004
Jun ’24NOK 151.20
NOK 150.25
-0.6%
8.0%NOK 170.00NOK 140.00NOK 146.004
May ’24NOK 146.40
NOK 141.50
-3.3%
6.1%NOK 150.00NOK 128.00NOK 142.404
Apr ’24NOK 128.00
NOK 137.00
+7.0%
6.1%NOK 150.00NOK 128.00NOK 129.804
Mar ’24NOK 120.40
NOK 137.00
+13.8%
6.1%NOK 150.00NOK 128.00NOK 125.604
Feb ’24NOK 113.20
NOK 131.25
+15.9%
9.1%NOK 150.00NOK 117.00NOK 139.004
Jan ’24NOK 114.00
NOK 130.75
+14.7%
8.5%NOK 150.00NOK 123.00NOK 129.204
Dec ’23NOK 118.20
NOK 130.75
+10.6%
8.5%NOK 150.00NOK 123.00NOK 123.004

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 Analysis2024/12/30 06:07
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Atea ASA is covered by 12 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
Aksel Øverland EngebakkenABG Sundal Collier
Markus BjerkeArctic Securities ASA
Erik HjulströmBeringer Finance AB