Cyviz (OB:CYVIZ) - Share price, News & Analysis

CYVIZ fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

CYVIZ Stock Overview

Cyviz AS manufactures and sells products for conference rooms, control rooms, and experience centers worldwide.

Rewards

Revenue is forecast to grow 19.5% per year

Revenue grew by 54% over the past year

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (NOK534M)

Cyviz Competitors

Arribatec Solutions

OB:ARR

kr342.9m

Webstep

OB:WSTEP

kr948.3m

Itera

OB:ITERA

kr1.0b

ECIT

OB:ECIT

kr3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Cyviz
Historical stock prices
Current Share Price	kr41.00
52 Week High	kr60.00
52 Week Low	kr31.00
Beta	0
1 Month Change	20.94%
3 Month Change	13.57%
1 Year Change	-11.81%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	38.98%

Shareholder Returns

	CYVIZ	NO IT	NO Market
7D	11.1%	1.8%	1.3%
1Y	-11.8%	-21.4%	9.3%

Return vs Industry: CYVIZ exceeded the Norwegian IT industry which returned -22.3% over the past year.

Return vs Market: CYVIZ underperformed the Norwegian Market which returned 9.8% over the past year.

Price Volatility

Is CYVIZ's price volatile compared to industry and market?
CYVIZ volatility
CYVIZ Average Weekly Movement	6.5%
IT Industry Average Movement	5.2%
Market Average Movement	6.7%
10% most volatile stocks in NO Market	12.4%
10% least volatile stocks in NO Market	3.7%

Stable Share Price: CYVIZ is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CYVIZ's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	147	Espen Gylvik	https://www.cyviz.com

Cyviz AS manufactures and sells products for conference rooms, control rooms, and experience centers worldwide. The company’s products include Easy Platform, a comprehensive platform for room control and management; and Easy Server, an application that offers usage analytics, remote support and diagnosing, user ratings and feedback, equipment monitoring and overview, web and windows client manager, software upgradation, and alarm integration. It also provides maintenance and support of meeting rooms; Easy Controller, a software on the touch controller unit; and Easy Connect, which allows to connect and share content; display solutions; and unified communication solutions.

Cyviz Fundamentals Summary

How do Cyviz's earnings and revenue compare to its market cap?
CYVIZ fundamental statistics
Market Cap	kr534.02m
Earnings (TTM)	-kr43.44m
Revenue (TTM)	kr335.28m

1.6x

P/S Ratio

-12.3x

P/E Ratio

Is CYVIZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CYVIZ income statement (TTM)
Revenue	kr335.28m
Cost of Revenue	kr187.14m
Gross Profit	kr148.14m
Other Expenses	kr191.58m
Earnings	-kr43.44m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)	-3.34
Gross Margin	44.18%
Net Profit Margin	-12.96%
Debt/Equity Ratio	10.2%

How did CYVIZ perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 CYVIZ?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CYVIZ. This is calculated by dividing CYVIZ's market cap by their current preferred multiple.
What is CYVIZ's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	kr534.02m

CYVIZ 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/Revenue	1.6x
Enterprise Value/EBITDA	-13.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does CYVIZ's PS Ratio compare to its peers?

CYVIZ PS Ratio vs Peers

The above table shows the PS ratio for CYVIZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	1.2x
ARR Arribatec Solutions	0.8x	18.2%	kr342.9m
WSTEP Webstep	1.2x	8.2%	kr948.3m
ITERA Itera	1.5x	10.1%	kr1.0b
ECIT ECIT	1.2x	n/a	kr3.0b
CYVIZ Cyviz	1.6x	19.5%	kr534.0m

Price-To-Sales vs Peers: CYVIZ is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.2x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: CYVIZ is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Norwegian IT industry average (1.2x)

Price to Sales Ratio vs Fair Ratio

What is CYVIZ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CYVIZ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	2.2x

Price-To-Sales vs Fair Ratio: CYVIZ is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate CYVIZ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CYVIZ's fair value for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

111.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYVIZ is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CYVIZ is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CYVIZ is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CYVIZ's revenue (19.5% per year) is forecast to grow faster than the Norwegian market (-1% per year).

High Growth Revenue: CYVIZ's revenue (19.5% 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 CYVIZ's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Cyviz performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-6.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: CYVIZ is currently unprofitable.

Growing Profit Margin: CYVIZ is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CYVIZ's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare CYVIZ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CYVIZ is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (18.5%).

Return on Equity

High ROE: CYVIZ has a negative Return on Equity (-44.1%), as it is currently unprofitable.

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Financial Health

How is Cyviz's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CYVIZ's short term assets (NOK145.4M) exceed its short term liabilities (NOK88.8M).

Long Term Liabilities: CYVIZ's short term assets (NOK145.4M) exceed its long term liabilities (NOK14.3M).

Debt to Equity History and Analysis

Debt Level: CYVIZ has more cash than its total debt.

Reducing Debt: Insufficient data to determine if CYVIZ's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CYVIZ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CYVIZ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.1% each year

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Dividend

What is Cyviz 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 CYVIZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CYVIZ'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 CYVIZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CYVIZ'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 CYVIZ has not reported any payouts.

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Management

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

0.7yrs

Average management tenure

CEO

Espen Gylvik (56 yo)

no data

Tenure

Mr. Espen K. Gylvik is Chief Executive Officer at Cyviz AS. He has worked in the technology industry for over 20 years and most recently as the CEO at UMS, a Norwegian public warning technology provider wi...

Leadership Team

Experienced Management: CYVIZ's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/08/12 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31