Executive Summary
Itera ASA, together with its subsidiaries, designs, develops, and operates digital solutions for companies and organizations in Norway, Sweden, Denmark, Slovakia, and Ukraine. More Details
Rewards
Risk Analysis
ITERA passed our risk checks.
Snowflake Analysis
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Itera's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITERA is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ITERA's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.4%
ITERA
-0.3%
NO IT
0.2%
NO Market
1 Year Return
26.8%
ITERA
37.3%
NO IT
31.8%
NO Market
Return vs Industry: ITERA underperformed the Norwegian IT industry which returned 37.3% over the past year.
Return vs Market: ITERA underperformed the Norwegian Market which returned 31.8% over the past year.
Shareholder returns
| ITERA | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | -0.3% | 0.2% |
| 30 Day | 6.8% | 2.3% | -1.2% |
| 90 Day | 11.6% | -0.5% | 1.7% |
| 1 Year | 33.1%26.8% | 38.7%37.3% | 36.6%31.8% |
| 3 Year | 71.9%50.8% | 68.1%59.1% | 18.7%5.2% |
| 5 Year | 392.8%282.1% | 102.2%82.5% | 77.4%44.5% |
Long-Term Price Volatility Vs. Market
How volatile is Itera's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Trade Alert: The Chairman of the Board Of Itera ASA (OB:ITERA), Morten Thorkildsen, Has Just Spent kr393k Buying 72% More Shares1 month ago | Simply Wall St
Estimating The Fair Value Of Itera ASA (OB:ITERA)2 months ago | Simply Wall St
Itera (OB:ITERA) Is Paying Out A Larger Dividend Than Last YearValuation
Is Itera undervalued compared to its fair value and its price relative to the market?
9.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ITERA (NOK14.9) is trading below our estimate of fair value (NOK16.51)
Significantly Below Fair Value: ITERA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ITERA's PE Ratio (26x) is in line with the Norwegian IT industry average.
PE vs Market: ITERA is poor value based on its PE Ratio (26x) compared to the Norwegian market (14.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ITERA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ITERA is overvalued based on its PB Ratio (24.8x) compared to the NO IT industry average (5.9x).
Future Growth
How is Itera forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
26.7%
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 Itera 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.
Past Performance
How has Itera performed over the past 5 years?
18.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITERA has high quality earnings.
Growing Profit Margin: ITERA's current net profit margins (7.6%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: ITERA's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: ITERA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ITERA had negative earnings growth (-4.6%) over the past year, making it difficult to compare to the IT industry average (34.8%).
Return on Equity
High ROE: ITERA's Return on Equity (95%) is considered outstanding.
Financial Health
How is Itera's financial position?
Financial Position Analysis
Short Term Liabilities: ITERA's short term assets (NOK147.1M) do not cover its short term liabilities (NOK158.2M).
Long Term Liabilities: ITERA's short term assets (NOK147.1M) exceed its long term liabilities (NOK19.4M).
Debt to Equity History and Analysis
Debt Level: ITERA is debt free.
Reducing Debt: ITERA has not had any debt for past 5 years.
Debt Coverage: ITERA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ITERA has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Itera current dividend yield, its reliability and sustainability?
1.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ITERA's dividend (1.68%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2%).
High Dividend: ITERA's dividend (1.68%) is low compared to the top 25% of dividend payers in the Norwegian market (5.32%).
Stability and Growth of Payments
Stable Dividend: ITERA's dividend payments have been volatile in the past 10 years.
Growing Dividend: ITERA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.7%), ITERA'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?
1.5yrs
Average management tenure
CEO
Arne Mjøs
no data
Tenure
kr4,805,000
Compensation
Mr. Arne Mjøs has founded Itera ASA. He serves as the Chief Executive Officer of Itera ASA. Mr. Mjøs serves as the Chief Executive Officer at Itera Consulting Group ASA. Mr. Mjøs serves as a Director of It...
CEO Compensation Analysis
Compensation vs Market: Arne's total compensation ($USD543.71K) is above average for companies of similar size in the Norwegian market ($USD356.89K).
Compensation vs Earnings: Arne's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: ITERA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: ITERA's board of directors are not considered experienced ( 1.5 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: ITERA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Itera ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Itera ASA
- Ticker: ITERA
- Exchange: OB
- Founded: 1989
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: kr1.220b
- Shares outstanding: 81.90m
- Website: https://www.itera.no
Number of Employees
Location
- Itera ASA
- Nydalsveien 28
- PO Box 4814
- Oslo
- Oslo
- 422
- Norway
Listings
Biography
Itera ASA, together with its subsidiaries, designs, develops, and operates digital solutions for companies and organizations in Norway, Sweden, Denmark, Slovakia, and Ukraine. It delivers projects and serv...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/08/01 16:20 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.