OB:BOUV

Stock Analysis Report

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Market Cap

kr6.0b

Last Updated

2021/07/30 18:29 UTC

Data Sources

Company Financials +

Executive Summary

Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Bouvet's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BOUV is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BOUV's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

BOUV

-0.8%

NO IT

0.4%

NO Market


1 Year Return

11.1%

BOUV

41.1%

NO IT

32.9%

NO Market

Return vs Industry: BOUV underperformed the Norwegian IT industry which returned 41.1% over the past year.

Return vs Market: BOUV underperformed the Norwegian Market which returned 32.9% over the past year.


Shareholder returns

BOUVIndustryMarket
7 Day0.7%-0.8%0.4%
30 Day-5.4%4.3%0.1%
90 Day-16.1%-1.4%2.4%
1 Year16.4%11.1%42.5%41.1%37.8%32.9%
3 Year165.9%139.7%71.3%62.2%19.0%5.5%
5 Year481.4%383.3%104.9%85.0%79.1%46.0%

Long-Term Price Volatility Vs. Market

How volatile is Bouvet's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bouvet undervalued compared to its fair value and its price relative to the market?

24.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOUV (NOK58) is trading above our estimate of fair value (NOK51.28)

Significantly Below Fair Value: BOUV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BOUV is good value based on its PE Ratio (24.2x) compared to the Norwegian IT industry average (26.2x).

PE vs Market: BOUV is poor value based on its PE Ratio (24.2x) compared to the Norwegian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: BOUV is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: BOUV is overvalued based on its PB Ratio (12.1x) compared to the NO IT industry average (6x).


Future Growth

How is Bouvet forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOUV's forecast earnings growth (8.3% per year) is above the savings rate (1.2%).

Earnings vs Market: BOUV's earnings (8.3% per year) are forecast to grow slower than the Norwegian market (10.5% per year).

High Growth Earnings: BOUV's earnings are forecast to grow, but not significantly.

Revenue vs Market: BOUV's revenue (10.6% per year) is forecast to grow faster than the Norwegian market (5.5% per year).

High Growth Revenue: BOUV's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BOUV's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bouvet performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOUV has high quality earnings.

Growing Profit Margin: BOUV's current net profit margins (10%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: BOUV's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: BOUV's earnings growth over the past year (28.5%) exceeds its 5-year average (25.7% per year).

Earnings vs Industry: BOUV earnings growth over the past year (28.5%) underperformed the IT industry 34.8%.


Return on Equity

High ROE: BOUV's Return on Equity (49.6%) is considered outstanding.


Financial Health

How is Bouvet's financial position?


Financial Position Analysis

Short Term Liabilities: BOUV's short term assets (NOK1.1B) exceed its short term liabilities (NOK774.8M).

Long Term Liabilities: BOUV's short term assets (NOK1.1B) exceed its long term liabilities (NOK186.8M).


Debt to Equity History and Analysis

Debt Level: BOUV is debt free.

Reducing Debt: BOUV has not had any debt for past 5 years.

Debt Coverage: BOUV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BOUV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Bouvet current dividend yield, its reliability and sustainability?

3.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOUV's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Norwegian market (2%).

High Dividend: BOUV's dividend (3.79%) is low compared to the top 25% of dividend payers in the Norwegian market (5.31%).


Stability and Growth of Payments

Stable Dividend: BOUV's dividends per share have been stable in the past 10 years.

Growing Dividend: BOUV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.8%), BOUV's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOUV's dividends in 3 years are forecast to be covered by earnings (90% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

Per Tronsli

0.50

Tenure

Mr. Per Gunnar Tronsli serves as Chief Executive Officer of Bouvet ASA since January 1, 2020 and also serves as its President. He has served in various positions in Bouvet, most recently as head of its eas...


Leadership Team

Experienced Management: BOUV's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: BOUV's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bouvet ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bouvet ASA
  • Ticker: BOUV
  • Exchange: OB
  • Founded: 2002
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr6.007b
  • Shares outstanding: 102.86m
  • Website: https://www.bouvet.no

Number of Employees


Location

  • Bouvet ASA
  • Sørkedalsveien 8
  • Oslo
  • Oslo
  • 369
  • Norway

Listings


Biography

Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally. The company designs, develops, and provides advisory services o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 18:29
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.