OB:BOUVET

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


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


Market Performance


7 Day Return

0.7%

BOUVET

1.7%

NO IT

0.07%

NO Market


1 Year Return

19.8%

BOUVET

14.7%

NO IT

-8.7%

NO Market

Return vs Industry: BOUVET exceeded the Norwegian IT industry which returned 14.7% over the past year.

Return vs Market: BOUVET exceeded the Norwegian Market which returned -8.7% over the past year.


Shareholder returns

BOUVETIndustryMarket
7 Day0.7%1.7%0.07%
30 Day-1.3%3.1%-1.9%
90 Day-2.0%7.8%2.1%
1 Year24.8%19.8%19.4%14.7%-3.9%-8.7%
3 Year172.9%141.5%54.9%42.9%40.2%21.9%
5 Year394.5%289.5%182.7%109.6%59.2%22.5%

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?

49.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BOUVET (NOK297) is trading below our estimate of fair value (NOK583.08)

Significantly Undervalued: BOUVET is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BOUVET is good value based on its PE Ratio (18x) compared to the IT industry average (18.6x).

PE vs Market: BOUVET is poor value based on its PE Ratio (18x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate BOUVET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BOUVET is overvalued based on its PB Ratio (12.8x) compared to the NO IT industry average (4.9x).


Next Steps

Future Growth

How is Bouvet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOUVET's earnings are forecast to decline over the next 3 years (-16.1% per year).

Earnings vs Market: BOUVET's earnings are forecast to decline over the next 3 years (-16.1% per year).

High Growth Earnings: BOUVET's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if BOUVET's revenue is forecast to grow faster than the Norwegian market.

High Growth Revenue: Insufficient data to determine if BOUVET's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Bouvet performed over the past 5 years?

22.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BOUVET's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: BOUVET's earnings growth over the past year (26.8%) exceeds its 5-year average (22.7% per year).

Earnings vs Industry: BOUVET earnings growth over the past year (26.8%) underperformed the IT industry 28.5%.


Return on Equity

High ROE: BOUVET's Return on Equity (71.3%) is considered outstanding.


Return on Assets

ROA vs Industry: BOUVET has a higher Return on Assets than the IT industry average last year.


Return on Capital Employed

ROCE Improving: BOUVET's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bouvet's financial position?


Financial Position Analysis

Short Term Liabilities: BOUVET's short term assets (NOK646.8M) exceeds its short term liabilities (NOK568.4M)

Long Term Liabilities: BOUVET's short term assets (646.8M) exceeds its long term liabilities (208.4M)


Debt to Equity History and Analysis

Debt Level: BOUVET is debt free.

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

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

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


Balance Sheet

Inventory Level: BOUVET has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BOUVET's debt is covered by short term assets.


Next Steps

Dividend

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

4.38%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%2.6%markettop25%6.2%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BOUVET's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.62%).

High Dividend: BOUVET's dividend (4.38%) is low compared to the top 25% of dividend payers in the Norwegian market (6.23%).

Stable Dividend: BOUVET's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.6%), BOUVET's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Bouvet's salary, the management and board of directors tenure and is there insider trading?

16.8yrs

Average management tenure


CEO

Sverre Hurum (64yo)

16.8yrs

Tenure

kr4,052,000

Compensation

Mr. Sverre Finn Hurum has been the Chief Executive Officer at Bouvet ASA since 2003 and serves as its President. Mr. Hurum has more than 25 years of experience as a Senior Manager in the consulting industr ...


CEO Compensation Analysis

Compensation vs. Market: Sverre's total compensation ($USD441.24K) is about average for companies of similar size in the Norwegian market ($USD445.76K).

Compensation vs Earnings: Sverre's compensation has been consistent with company performance over the past year.


Management Age and Tenure

16.8yrs

Average Tenure

60yo

Average Age

Experienced Management: BOUVET's management team is seasoned and experienced (16.8 years average tenure).


Board Age and Tenure

8.3yrs

Average Tenure

51yo

Average Age

Experienced Board: BOUVET's board of directors are considered experienced (8.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buykr146,00006 Jun 19
Ingebrigt Jensen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max Pricekr292.00
Buykr1,110,00026 Feb 19
Pål Rønn
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,000
Max Pricekr222.00
Sellkr1,110,00026 Feb 19
Sverre Hurum
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares5,000
Max Pricekr222.00
Buykr227,93204 Jan 19
Ingebrigt Jensen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,140
Max Pricekr199.94
Buykr22,47219 Nov 18
Anne Hasselgreen
EntityIndividual
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Torgeir Nilsen
EntityIndividual
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Lisbeth Viker
EntityIndividual
Role
Co-Chief Financial Officer
Financial Manager
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Trude Hole
EntityIndividual
Role
Head of Corporate Communications
Director of Communications
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Per Gidfors
EntityIndividual
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Sverre Hurum
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Erik Stubø
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Eirik Vefsnmo
EntityIndividual
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Anders Volle
EntityIndividual
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Axel Borge
EntityIndividual
Role
Other Key Executive
Vice President of Sesam
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Bjarte Gudmundsen
EntityIndividual
Role
Other Key Executive
Vice President of Rogaland Region
Shares106
Max Pricekr212.00
Buykr22,47219 Nov 18
Arne Hermansen
EntityIndividual
Shares106
Max Pricekr212.00

Ownership Breakdown


Management Team

  • Axel Borge

    Vice President of Sesam

    • Tenure: 1.4yrs
  • Bjarte Gudmundsen (46yo)

    Vice President of Rogaland Region

    • Tenure: 0yrs
  • Erik Stubø (60yo)

    Chief Financial Officer

    • Tenure: 17.8yrs
    • Compensation: kr3.43m
  • Sverre Hurum (64yo)

    President & CEO

    • Tenure: 16.8yrs
    • Compensation: kr4.05m
  • Trude Hole

    Director of Communications

    • Tenure: 0yrs
  • Lisbeth Viker

    Financial Manager

    • Tenure: 0yrs
  • Simen Sommerfeldt

    Chief Technology Officer

    • Tenure: 0yrs

Board Members

  • Pål Rønn (51yo)

    Chairman

    • Tenure: 3.8yrs
    • Compensation: kr300.00k
  • Grethe Høiland (63yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: kr150.00k
  • Tove Raanes (42yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: kr175.00k
  • Ingebrigt Jensen (64yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: kr150.00k
  • Egil Dahl (51yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr150.00k

Company Information

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


Key Information

  • Name: Bouvet ASA
  • Ticker: BOUVET
  • Exchange: OB
  • Founded:
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr3.033b
  • Shares outstanding: 10.21m
  • Website: https://www.bouvet.no

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOUVETOB (Oslo Bors)YesOrdinary SharesNONOKMay 2007
BOUVEOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 2007

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 Analysis2019/10/19 21:00
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.