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CRAY

Crayon Group Holding OB:CRAYN Stock Report

Last Price

kr153.20

Market Cap

kr13.6b

7D

-1.6%

1Y

-2.4%

Updated

10 Aug, 2022

Data

Company Financials +
CRAYN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health4/6
Dividends0/6

CRAYN Stock Overview

Crayon Group Holding ASA, together with its subsidiaries, operates as an IT advisory company in software and digital transformation services.

Crayon Group Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Crayon Group Holding
Historical stock prices
Current Share Pricekr153.20
52 Week Highkr211.40
52 Week Lowkr118.50
Beta1.29
1 Month Change11.42%
3 Month Change21.40%
1 Year Change-2.42%
3 Year Change371.39%
5 Year Changen/a
Change since IPO935.14%

Recent News & Updates

Shareholder Returns

CRAYNNO SoftwareNO Market
7D-1.6%-5.8%-0.5%
1Y-2.4%-39.1%8.7%

Return vs Industry: CRAYN exceeded the Norwegian Software industry which returned -38.3% over the past year.

Return vs Market: CRAYN underperformed the Norwegian Market which returned 9.5% over the past year.

Price Volatility

Is CRAYN's price volatile compared to industry and market?
CRAYN volatility
CRAYN Average Weekly Movement5.3%
Software Industry Average Movement10.4%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.7%
10% least volatile stocks in NO Market3.8%

Stable Share Price: CRAYN is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CRAYN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a3,300Melissa Mulhollandhttps://www.crayon.com

Crayon Group Holding ASA, together with its subsidiaries, operates as an IT advisory company in software and digital transformation services. It operates through Software & Cloud Direct, Software & Cloud Channel, Software & Cloud Economics, and Consulting segments. The company provides assess and migrate services, including cloud migration assessment, maturity assessment, cloud infrastructure advisory and migration, cloud POC, cloud tenant migration, cloud connectivity, modern workplace migration, and cloud identity services; govern and optimize services comprising IT governance, license optimization, software and cloud economics, and SAM tool services; and operate and support services, such as modern workplace adoption, software and cloud advisory servicedesk, and support program services; and data platform and AI solutions services.

Crayon Group Holding Fundamentals Summary

How do Crayon Group Holding's earnings and revenue compare to its market cap?
CRAYN fundamental statistics
Market Capkr13.57b
Earnings (TTM)kr287.26m
Revenue (TTM)kr26.77b

47.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRAYN income statement (TTM)
Revenuekr26.77b
Cost of Revenuekr25.50b
Gross Profitkr1.27b
Other Expenseskr978.51m
Earningskr287.26m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)3.24
Gross Margin4.73%
Net Profit Margin1.07%
Debt/Equity Ratio100.6%

How did CRAYN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CRAYN 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/Revenue0.6x
Enterprise Value/EBITDA30.2x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

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

CRAYN PE Ratio vs Peers
The above table shows the PE ratio for CRAYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average71.5x
ATEA Atea
15.3x11.7%kr12.9b
BOUV Bouvet
22.5x7.6%kr6.6b
VOLUE Volue
169.4x47.5%kr3.4b
SMCRT SmartCraft
78.6x28.9%kr3.1b
CRAYN Crayon Group Holding
47.3x33.4%kr13.6b

Price-To-Earnings vs Peers: CRAYN is good value based on its Price-To-Earnings Ratio (47.3x) compared to the peer average (71.5x).


Price to Earnings Ratio vs Industry

How does CRAYN's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Earnings vs Industry: CRAYN is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the European Software industry average (33.7x)


Price to Earnings Ratio vs Fair Ratio

What is CRAYN'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.

CRAYN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.3x
Fair PE Ratio35x

Price-To-Earnings vs Fair Ratio: CRAYN is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the estimated Fair Price-To-Earnings Ratio (35x).


Share Price vs Fair Value

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

Below Fair Value: CRAYN (NOK153.2) is trading below our estimate of fair value (NOK325.31)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Crayon Group Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRAYN's forecast earnings growth (33.4% per year) is above the savings rate (1.1%).

Earnings vs Market: CRAYN's earnings (33.4% per year) are forecast to grow faster than the Norwegian market (-0.03% per year).

High Growth Earnings: CRAYN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CRAYN's revenue is expected to decline over the next 3 years (-51.1% per year).

High Growth Revenue: CRAYN's revenue is forecast to decline over the next 3 years (-51.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRAYN's Return on Equity is forecast to be high in 3 years time (20.9%)


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Past Performance

How has Crayon Group Holding performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


74.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRAYN has high quality earnings.

Growing Profit Margin: CRAYN's current net profit margins (1.1%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: CRAYN has become profitable over the past 5 years, growing earnings by 74% per year.

Accelerating Growth: CRAYN's earnings growth over the past year (56.5%) is below its 5-year average (74% per year).

Earnings vs Industry: CRAYN earnings growth over the past year (56.5%) exceeded the Software industry 16%.


Return on Equity

High ROE: CRAYN's Return on Equity (14.4%) is considered low.


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Financial Health

How is Crayon Group Holding's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CRAYN's short term assets (NOK7.2B) exceed its short term liabilities (NOK7.1B).

Long Term Liabilities: CRAYN's short term assets (NOK7.2B) exceed its long term liabilities (NOK2.0B).


Debt to Equity History and Analysis

Debt Level: CRAYN's net debt to equity ratio (64.5%) is considered high.

Reducing Debt: CRAYN's debt to equity ratio has reduced from 261.8% to 100.6% over the past 5 years.

Debt Coverage: CRAYN's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: CRAYN's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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Dividend

What is Crayon Group Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CRAYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CRAYN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CRAYN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRAYN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CRAYN has not reported any payouts.


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Management

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

2.1yrs

Average management tenure


CEO

Melissa Mulholland

1.42yrs

Tenure

kr3,977,000

Compensation

Ms. Melissa Ann Mulholland serves as Director of rhipe Limited since November 03, 2021. She has been Director at Techstep ASA since April 22, 2021. She serves as Chief Services & Solutions Officer at Crayo...


CEO Compensation Analysis

Compensation vs Market: Melissa's total compensation ($USD418.15K) is below average for companies of similar size in the Norwegian market ($USD895.17K).

Compensation vs Earnings: Melissa's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CRAYN's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: CRAYN's board of directors are considered experienced (4.8 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 5.5%.


Top Shareholders

Company Information

Crayon Group Holding ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Crayon Group Holding ASA
  • Ticker: CRAYN
  • Exchange: OB
  • Founded: NaN
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: kr13.574b
  • Shares outstanding: 88.60m
  • Website: https://www.crayon.com

Number of Employees


Location

  • Crayon Group Holding ASA
  • Sandakerveien 114A
  • PO box 4384
  • Oslo
  • Oslo
  • 402
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.