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 Analysis

Excellent balance sheet with solid track record.


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

Stable Share Price: DAT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

DAT

-0.3%

NO IT

-3.6%

NO Market


1 Year Return

77.8%

DAT

16.9%

NO IT

-5.1%

NO Market

Return vs Industry: DAT exceeded the Norwegian IT industry which returned 16.9% over the past year.

Return vs Market: DAT exceeded the Norwegian Market which returned -5.1% over the past year.


Shareholder returns

DATIndustryMarket
7 Day0%-0.3%-3.6%
30 Day0.2%-2.5%-6.3%
90 Day17.1%3.9%-2.9%
1 Year83.5%77.8%23.2%16.9%-0.1%-5.1%
3 Year126.2%102.5%59.5%46.8%27.2%11.2%
5 Year344.8%240.4%172.8%99.2%52.1%18.1%

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 (NOK48) is trading below our estimate of fair value (NOK139.83)

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 (23.8x) compared to the IT industry average (23.1x).

PE vs Market: DAT is poor value based on its PE Ratio (23.8x) compared to the Norwegian market (14.5x).


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 (3.5x) compared to the NO IT industry average (4.5x).


Next Steps

Future Growth

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

19.8%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Data Respons has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Data Respons performed over the past 5 years?

21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAT has high quality earnings.

Growing Profit Margin: DAT's current net profit margins (7.3%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: DAT's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: DAT's earnings growth over the past year (156.3%) exceeds its 5-year average (21.5% per year).

Earnings vs Industry: DAT earnings growth over the past year (156.3%) exceeded the IT industry 22.5%.


Return on Equity

High ROE: DAT's Return on Equity (13.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Data Respons's financial position?


Financial Position Analysis

Short Term Liabilities: DAT's short term assets (NOK620.0M) exceed its short term liabilities (NOK538.6M).

Long Term Liabilities: DAT's short term assets (NOK620.0M) exceed its long term liabilities (NOK487.4M).


Debt to Equity History and Analysis

Debt Level: DAT's debt to equity ratio (6.5%) 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 (294.9%).

Interest Coverage: DAT's interest payments on its debt are well covered by EBIT (7.6x 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 9x debt).


Next Steps

Dividend

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

2.08%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%3.0%markettop25%6.4%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: DAT's dividend (2.08%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (3%).

High Dividend: DAT's dividend (2.08%) is low compared to the top 25% of dividend payers in the Norwegian market (6.42%).


Stability and Growth of Payments

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 reasonably low payout ratio (49.5%), DAT's dividend payments are well 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

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

13.1yrs

Average management tenure


CEO

Kenneth Ragnvaldsen (52yo)

16.4yrs

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 ($USD512.52K) is about average for companies of similar size in the Norwegian market ($USD512.52K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Ragnvaldsen
Chief Executive Officer16.4yrskr4.80mno data
Rune Wahl
Chief Financial Officer15.1yrskr3.56mno data
Jorn Toppe
Managing Director of the Solution Business Unit0yrskr1.90mno data
Marius Westgaard
Senior Development Engineer at the Høvik office & Employee Representative Director1.8yrskr50.00kno data
Sebastian Eidem
Chief Communications Officer1.1yrsno datano data
Johan Jacobsson
Managing Director of Sylog11.1yrsno datano data
Ivar A. Sehm
Managing Director of R&D Services0yrsno data0.049% NOK1.8m
Kim Fahrenholtz
Managing Director of TechPeople0yrsno datano data
Andreas Lassmann
Managing Director of IT Sonix & Xpure0yrsno datano data
Malin Hov
Qlty, Environmental & Info Security Mgr at the Høvik office and Employee Representative Director0.6yrsno datano data

13.1yrs

Average Tenure

50yo

Average Age

Experienced Management: DAT's management team is seasoned and experienced (13.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marius Westgaard
Senior Development Engineer at the Høvik office & Employee Representative Director1.8yrskr50.00kno data
Malin Hov
Qlty, Environmental & Info Security Mgr at the Høvik office and Employee Representative Director0.6yrsno datano data
Ulla-Britt Frajdin-Hellqvist
Director8.3yrskr210.00kno data
Martin Burkhalter
Director1.8yrskr230.00kno data
Erik Langaker
Chairman of the Board3.8yrskr465.00kno data
Morten Thorkildsen
Director1.8yrskr220.00kno data
Janne Morstol
Director4.8yrskr225.00kno data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Board: DAT's board of directors are not considered experienced ( 1.8 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 been diluted in the past year, with total shares outstanding growing by 24%.


Top Shareholders

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: kr3.625b
  • 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, Sweden, Denmark, Germany, and Taiwan. The company operates through R&D Services and Solutions segments. The R&D Services segment offers consultancy services for a range of technology related development projects. This segment offers its services in the areas of engineering consultancy, project management, custom software development, IoT application development, Java, software development, end to end development, UX/UI design, embedded software, application security, electronic and hardware development, DevOps as-a-service, mechanical design, and test and quality. The Solutions segment engages in the development and delivery of custom solutions by combining engineering services with standard embedded computer products from partners or deliveries of standard embedded computer services. The company serves the transport, automotive, industrial, automation, telecommunication, media, space, defense and security, Medtech, energy, maritime, public sector, and finance markets. Data Respons ASA was founded in 1986 and is headquartered in Høvik, Norway. As of February 12, 2020, Data Respons ASA operates as a subsidiary of AKKA Technologies SE. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 20:38
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.