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ECIT logo

ECIT OB:ECIT Stock Report

Last Price

NOK 9.66

Market Cap

NOK 4.5b

7D

-2.6%

1Y

19.0%

Updated

17 Oct, 2024

Data

Company Financials

ECIT AS

OB:ECIT Stock Report

Market Cap: NOK 4.5b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

ECIT Stock Overview

Provides IT, finance and accounting, and technology solutions in Norway, Sweden, Denmark, the United Kingdom, Germany, Finland, Poland, Iceland, Lithuania, Romania, and internationally. More details

ECIT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 13.6% below our estimate of its fair value

Risk Analysis

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the Norwegian market


My Notes

Capture your thoughts, links and company narrative

ECIT AS Competitors

Bouvet

OB:BOUV

NOK 7.6b

Atea

OB:ATEA

NOK 15.5b

Itera

OB:ITERA

NOK 740.1m

Webstep

OB:WSTEP

NOK 595.6m

Price History & Performance

Summary of share price highs, lows and changes for ECIT
Historical stock prices
Current Share PriceNOK 9.66
52 Week HighNOK 10.00
52 Week LowNOK 6.30
Beta0.47
1 Month Change-2.03%
3 Month Change27.11%
1 Year Change18.97%
3 Year Change-1.43%
5 Year Changen/a
Change since IPO20.75%

Recent News & Updates

Recent updates

Robust Earnings May Not Tell The Whole Story For ECIT (OB:ECIT)

Sep 09
Robust Earnings May Not Tell The Whole Story For ECIT (OB:ECIT)

Shareholder Returns

ECITNO ITNO Market
7D-2.6%0.3%0.4%
1Y19.0%7.2%-0.6%

Return vs Industry: ECIT matched the Norwegian IT industry which returned 19.3% over the past year.

Return vs Market: ECIT exceeded the Norwegian Market which returned 4.5% over the past year.

Price Volatility

Is ECIT's price volatile compared to industry and market?
ECIT volatility
ECIT Average Weekly Movement8.5%
IT Industry Average Movement4.6%
Market Average Movement5.0%
10% most volatile stocks in NO Market11.1%
10% least volatile stocks in NO Market2.7%

Stable Share Price: ECIT's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: ECIT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20132,611PL Lauringwww.ecit.com

ECIT AS provides IT, finance and accounting, and technology solutions in Norway, Sweden, Denmark, the United Kingdom, Germany, Finland, Poland, Iceland, Lithuania, Romania, and internationally. The company offers finance and accounting services, including accounting, management consulting and support, payroll, budgeting, and HR, as well as reporting/BI, annual reports/tax, advisory, and debt collection; IT services and support, such as managed services, hosting and hybrid cloud, IT consulting, and digitalization. It also provides software solutions for payroll, office support, and accounting lines, as well as automation and robotics / AI solutions.

ECIT AS Fundamentals Summary

How do ECIT's earnings and revenue compare to its market cap?
ECIT fundamental statistics
Market capNOK 4.50b
Earnings (TTM)NOK 99.00m
Revenue (TTM)NOK 3.58b

45.4x

P/E Ratio

1.3x

P/S Ratio

Is ECIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ECIT income statement (TTM)
RevenueNOK 3.58b
Cost of RevenueNOK 682.00m
Gross ProfitNOK 2.89b
Other ExpensesNOK 2.79b
EarningsNOK 99.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 07, 2024

Earnings per share (EPS)0.21
Gross Margin80.92%
Net Profit Margin2.77%
Debt/Equity Ratio34.6%

How did ECIT perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

28%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/17 14:41
End of Day Share Price 2024/10/17 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ECIT AS is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution