OB:DAT

Stock Analysis Report

Executive Summary

Data Respons ASA, an independent technology company, provides research and development services, and smart embedded solutions to OEM companies, system integrators, and vertical product suppliers in Norway, Sweden, Denmark, Germany, and Taiwan.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

10.7%

DAT

1.4%

NO IT

1.9%

NO Market


1 Year Return

34.1%

DAT

14.6%

NO IT

-6.3%

NO Market

Return vs Industry: DAT exceeded the Norwegian IT industry which returned 14.6% over the past year.

Return vs Market: DAT exceeded the Norwegian Market which returned -6.3% over the past year.


Shareholder returns

DATIndustryMarket
7 Day10.7%1.4%1.9%
30 Day13.5%1.8%-1.9%
90 Day10.4%6.5%1.4%
1 Year38.4%34.1%19.3%14.6%-1.4%-6.3%
3 Year117.3%94.6%56.1%44.1%40.8%22.4%
5 Year331.9%230.6%181.5%108.7%61.2%24.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DAT (NOK36.2) is trading below our estimate of fair value (NOK89.81)

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


Price To Earnings Ratio

PE vs Industry: DAT is poor value based on its PE Ratio (21.6x) compared to the IT industry average (18.5x).

PE vs Market: DAT is poor value based on its PE Ratio (21.6x) compared to the Norwegian market (13.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DAT is good value based on its PB Ratio (2.7x) compared to the NO IT industry average (4.9x).


Next Steps

Future Growth

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

13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAT's forecast earnings growth (13.4% per year) is above the savings rate (1.8%).

Earnings vs Market: DAT's earnings (13.4% per year) are forecast to grow slower than the Norwegian market (15.2% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Data Respons performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DAT's earnings have grown by 17% per year over the past 5 years.

Accelerating Growth: DAT's earnings growth over the past year (128.7%) exceeds its 5-year average (17% per year).

Earnings vs Industry: DAT earnings growth over the past year (128.7%) exceeded the IT industry 28.5%.


Return on Equity

High ROE: DAT's Return on Equity (11.1%) is considered low.


Return on Assets

ROA vs Industry: DAT's Return on Assets is below or equal to the IT industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Data Respons's financial position?


Financial Position Analysis

Short Term Liabilities: DAT's short term assets (NOK579.2M) exceeds its short term liabilities (NOK562.9M)

Long Term Liabilities: DAT's short term assets (579.2M) exceeds its long term liabilities (471.4M)


Debt to Equity History and Analysis

Debt Level: DAT's debt to equity ratio (6.7%) is considered satisfactory

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

Debt Coverage: DAT's debt is well covered by operating cash flow (266.6%).

Interest Coverage: DAT's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet

Inventory Level: DAT has a low level of unsold assets or inventory.

Debt Coverage by Assets: DAT's debt is covered by short term assets (assets are 8.406380x debt).


Next Steps

Dividend

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

2.76%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%2.6%markettop25%6.2%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DAT's dividend (2.76%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.59%).

High Dividend: DAT's dividend (2.76%) is low compared to the top 25% of dividend payers in the Norwegian market (6.21%).

Stable Dividend: Whilst dividend payments have been stable, DAT has been paying a dividend for less than 10 years.

Growing Dividend: DAT's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.6%), DAT's dividend 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 Data Respons's salary, the management and board of directors tenure and is there insider trading?

14.8yrs

Average management tenure


CEO

Kenneth Ragnvaldsen (52yo)

16.1yrs

Tenure

kr4,800,134

Compensation

Mr. Kenneth Ragnvaldsen has been the Chief Executive Officer of Data Respons ASA since Sept 17, 2003. Mr. Ragnvaldsen served as the Director of Sales and Marketing at Data Respons ASA. He worked in economi ...


CEO Compensation Analysis

Compensation vs. Market: Kenneth's total compensation ($USD525.41K) is about average for companies of similar size in the Norwegian market ($USD434.54K).

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


Management Age and Tenure

14.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: DAT's management team is seasoned and experienced (14.8 years average tenure).


Board Age and Tenure

2.0yrs

Average Tenure

56yo

Average Age

Experienced Board: DAT's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: DAT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr1,575,85528 Aug 19
Erik Langaker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares50,000
Max Pricekr31.52
Buykr884,77420 Aug 19
Erik Langaker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares27,500
Max Pricekr32.17
Buykr77,40031 Oct 18
Martin Burkhalter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max Pricekr25.80
Buykr424,00024 Oct 18
Erik Langaker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares16,000
Max Pricekr26.50
Buykr106,00024 Oct 18
Janne Morstøl
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max Pricekr26.50

Ownership Breakdown


Management Team

  • Kenneth Ragnvaldsen (52yo)

    Chief Executive Officer

    • Tenure: 16.1yrs
    • Compensation: kr4.80m
  • Rune Wahl (53yo)

    Chief Financial Officer

    • Tenure: 14.8yrs
    • Compensation: kr3.56m
  • Jørn Toppe (62yo)

    Managing Director

    • Tenure: 0yrs
    • Compensation: kr1.90m
  • Andreas Lassmann (46yo)

    Managing Director

    • Tenure: 0yrs
  • Johan Jacobsson

    Managing Director

    • Tenure: 0yrs
  • Ivar A. Sehm

    Managing Director

    • Tenure: 0yrs
  • Kim Fahrenholtz

    Managing Director

    • Tenure: 0yrs
  • Hans Kamutzki

    Managing Director

    • Tenure: 0yrs
  • Heidi Sauer

    Managing Director

    • Tenure: 0yrs
  • Sebastian Eidem

    Chief Communications Officer

    • Tenure: 0.8yrs

Board Members

  • Ulla-Britt Fräjdin-Hellqvist (65yo)

    Director

    • Tenure: 7.9yrs
    • Compensation: kr210.00k
  • Morten Viksøy

    Deputy Director

    • Tenure: 4.8yrs
  • Martin Burkhalter (67yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: kr230.00k
  • Erik Langaker (56yo)

    Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: kr465.00k
  • Morten Thorkildsen (58yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: kr220.00k
  • Janne Morstøl (51yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: kr225.00k
  • Marius Westgaard (29yo)

    Employee Representative Director

    • Tenure: 1.4yrs
    • Compensation: kr50.00k
  • Malin Hov (48yo)

    Employee Representative Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: Data Respons ASA
  • Ticker: DAT
  • Exchange: OB
  • Founded: 1986
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr2.733b
  • Shares outstanding: 75.51m
  • Website: https://www.datarespons.com

Number of Employees


Location

  • Data Respons ASA
  • Sandviksveien 26
  • Høvik
  • Akershus
  • 1363
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DATOB (Oslo Bors)YesOrdinary SharesNONOKMar 1997
0E3QLSE (London Stock Exchange)YesOrdinary SharesGBNOKMar 1997
DATOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMar 1997

Biography

Data Respons ASA, an independent technology company, provides research and development services, and smart embedded solutions to OEM companies, system integrators, and vertical product suppliers in Norway, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:34
End of Day Share Price2019/10/21 00:00
Earnings2019/09/30
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.