OB:EVRY

Stock Analysis Report

Executive Summary

EVRY ASA provides IT solutions and consulting services to public and private sector clients in Norway, Sweden, and internationally.

Snowflake

Fundamentals

Questionable track record with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

EVRY

2.2%

NO IT

1.3%

NO Market


1 Year Return

15.1%

EVRY

11.2%

NO IT

-9.3%

NO Market

Return vs Industry: EVRY exceeded the Norwegian IT industry which returned 11.2% over the past year.

Return vs Market: EVRY exceeded the Norwegian Market which returned -9.3% over the past year.


Shareholder returns

EVRYIndustryMarket
7 Day3.1%2.2%1.3%
30 Day4.2%3.3%-2.4%
90 Day9.4%6.3%1.9%
1 Year21.7%15.1%17.2%11.2%-4.4%-9.3%
3 Yearn/a56.7%44.6%40.6%22.3%
5 Year185.1%109.6%179.7%107.4%58.5%22.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: EVRY (NOK35) is trading below our estimate of fair value (NOK53.69)

Significantly Undervalued: EVRY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EVRY is poor value based on its PE Ratio (19.2x) compared to the IT industry average (18.5x).

PE vs Market: EVRY is poor value based on its PE Ratio (19.2x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: EVRY is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: EVRY is overvalued based on its PB Ratio (5.1x) compared to the NO IT industry average (4.8x).


Next Steps

Future Growth

How is EVRY forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVRY's forecast earnings growth (14.2% per year) is above the savings rate (1.8%).

Earnings vs Market: EVRY's earnings (14.2% per year) are forecast to grow slower than the Norwegian market (14.9% per year).

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

Revenue vs Market: EVRY's revenue (3.1% per year) is forecast to grow slower than the Norwegian market (4.8% per year).

High Growth Revenue: EVRY's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: EVRY's Return on Equity is forecast to be high in 3 years time (31.1%)


Next Steps

Past Performance

How has EVRY performed over the past 5 years?

51.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EVRY has become profitable over the past 5 years, growing earnings by 51% per year.

Accelerating Growth: EVRY's earnings growth over the past year (45.6%) is below its 5-year average (51% per year).

Earnings vs Industry: EVRY earnings growth over the past year (45.6%) exceeded the IT industry 28.5%.


Return on Equity

High ROE: Whilst EVRY's Return on Equity (26.66%) is high, this metric is skewed due to their high level of debt.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is EVRY's financial position?


Financial Position Analysis

Short Term Liabilities: EVRY's short term assets (NOK3.3B) exceeds its short term liabilities (NOK3.1B)

Long Term Liabilities: EVRY's short term assets (3.3B) do not cover its long term liabilities (7.3B)


Debt to Equity History and Analysis

Debt Level: EVRY's debt to equity ratio (208.9%) is considered high

Reducing Debt: EVRY's debt to equity ratio has increased from 67.9% to 208.9% over the past 5 years.

Debt Coverage: EVRY's debt is not well covered by operating cash flow (19%).

Interest Coverage: EVRY's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: EVRY's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

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

5.00%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.6%markettop25%6.3%industryaverage4.9%forecastin3Years5.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: EVRY's dividend (5%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.62%).

High Dividend: EVRY's dividend (5%) is low compared to the top 25% of dividend payers in the Norwegian market (6.31%).

Stable Dividend: EVRY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EVRY's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (95.9%), EVRY's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVRY's dividends in 3 years are forecast to be covered by earnings (61.5% payout ratio).


Next Steps

Management

What is the CEO of EVRY's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Per Hove 0

0.9yrs

Tenure

kr4,144,000

Compensation

Mr. Per Hove has been Group Chief Executive Officer of EVRY ASA since November 19, 2018. He was Executive Vice President of EVRY Digital Platform Services at EVRY ASA until November 19, 2018. Mr. Hove serv ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Per's total compensation is reasonable compared to companies of similar size in the Norwegian market.

Compensation vs Earnings: Insufficient data to compare Per's compensation with company performance.


Management Age and Tenure

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: EVRY's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

54.5yo

Average Age

Experienced Board: EVRY's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sellkr2,268,42512 Jul 19
Hans Schibler
EntityIndividual
Shares68,653
Max Pricekr33.04

Ownership Breakdown


Management Team

  • Daniel Grönquist (51yo)

    Executive Vice President of Strategy

    • Tenure: 0yrs
    • Compensation: kr2.30m
  • Wiljar Nesse (54yo)

    Executive Vice President of Financial Services

    • Tenure: 0yrs
    • Compensation: kr4.35m
  • Per Hove

    Group Chief Executive Officer

    • Tenure: 0.9yrs
    • Compensation: kr4.14m
  • Nina Mortensen (43yo)

    Interim CFO & Senior VP of Group Accounting & Controlling

    • Tenure: 0yrs
  • Trond Vinje

    Executive Vice President of Human Resources

    • Tenure: 4.2yrs
    • Compensation: kr3.10m
  • Jarle Drivenes

    Chief Technology Officer

    • Tenure: 0yrs
  • Unni Strømstad

    Executive Vice President of Communications & Marketing

    • Tenure: 2.3yrs
    • Compensation: kr2.06m
  • Asta Stenhagen

    Executive Vice President of Legal & Risk

    • Tenure: 0yrs
    • Compensation: kr1.63m
  • Malin Fors-Skjæveland

    Executive Vice President of Sales Excellence

    • Tenure: 0yrs
    • Compensation: kr2.06m
  • Lars Vågsdal

    Chief Operating Officer

    • Tenure: 0yrs

Board Members

  • Salim Nathoo (48yo)

    Chair of the Board

    • Tenure: 0.5yrs
  • Leif Teksum (67yo)

    Director

    • Tenure: 0yrs
  • Malin Persson (51yo)

    Director

    • Tenure: 0yrs
  • Kristin Devold (58yo)

    Director

    • Tenure: 0yrs
  • Rohan Haldea

    Director

    • Tenure: 4.6yrs
  • Louise Sondergaard

    Director

    • Tenure: 4.6yrs
  • Sigve Lærdal

    Director

    • Tenure: 1.8yrs
  • Jenny Lindh

    Director

    • Tenure: 1.8yrs
  • Tommy Aldrin

    Director

    • Tenure: 1.8yrs
  • Bente Lennertzen

    Director

    • Tenure: 1.8yrs

Company Information

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


Key Information

  • Name: EVRY ASA
  • Ticker: EVRY
  • Exchange: OB
  • Founded: 1961
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr12.926b
  • Shares outstanding: 369.30m
  • Website: https://www.evry.com

Number of Employees


Location

  • EVRY ASA
  • Snarøyveien 30A
  • Fornebu
  • Akershus
  • 1360
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1997
EVRYOB (Oslo Bors)YesOrdinary SharesNONOKJun 1997
0NNILSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 1997
EVRYOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 1997

Biography

EVRY ASA provides IT solutions and consulting services to public and private sector clients in Norway, Sweden, and internationally. The company operates through three segment EVRY Financial Services, EVRY  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:41
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.