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ORN Stock Overview

ORN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 61.5% below our estimate of its fair value

Earnings are forecast to grow 85.69% per year

Revenue grew by 149.6% over the past year

Risk Analysis

Highly volatile share price over the past 3 months

Does not have a meaningful market cap (NOK585M)

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Ørn Software Holding AS Competitors

Mintra Holding

OB:MNTR

NOK 891.0m

Spir Group

OB:SPIR

NOK 1.2b

Elliptic Laboratories

OB:ELABS

NOK 992.7m

River Tech

OB:RIVER

NOK 351.4m

Price History & Performance

Summary of share price highs, lows and changes for Ørn Software Holding
Historical stock prices
Current Share Price	NOK 6.20
52 Week High	NOK 12.50
52 Week Low	NOK 3.00
Beta	0
1 Month Change	1.64%
3 Month Change	97.45%
1 Year Change	-45.13%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-40.92%

Recent updates

Shareholder Returns

	ORN	NO Software	NO Market
7D	0%	0.01%	-2.0%
1Y	-45.1%	28.7%	8.8%

Return vs Industry: ORN underperformed the Norwegian Software industry which returned -7.3% over the past year.

Return vs Market: ORN underperformed the Norwegian Market which returned -0.1% over the past year.

Price Volatility

Is ORN's price volatile compared to industry and market?
ORN volatility
ORN Average Weekly Movement	16.4%
Software Industry Average Movement	4.8%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	13.0%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: ORN's share price has been volatile over the past 3 months.

Volatility Over Time: ORN's weekly volatility has increased from 11% to 16% over the past year.

About the Company

Founded	Employees	CEO	Website
2017	129	Sten Karlsen	www.ornsoftware.com

Ørn Software Holding AS provides software-as-a-service solutions for facility and worksite owners, managers, operators, and users for a range of industries in Norway, Finland, Iceland, Sweden, Denmark, and the Great Britain. The company offers ServiceBook, a tool that digitizes the operation and inspection of properties; Uni, a property management solution; Main Manager that helps property managers prioritize and perform maintenance tasks; Maintenance, a tool for industrial maintenance; InControl, a quality system for the aquaculture industry; and Optima, a tool for supporting operations and decision making. It also provides solutions for real estate, construction, manufacturing, food and beverage, and aquaculture industries, as well as for energy and environmental management systems.

Ørn Software Holding AS Fundamentals Summary

How do Ørn Software Holding's earnings and revenue compare to its market cap?
ORN fundamental statistics
Market cap	NOK 585.27m
Earnings (TTM)	-NOK 31.89m
Revenue (TTM)	NOK 230.32m

2.5x

P/S Ratio

-18.4x

P/E Ratio

Is ORN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ORN income statement (TTM)
Revenue	NOK 230.32m
Cost of Revenue	NOK 131.25m
Gross Profit	NOK 99.07m
Other Expenses	NOK 130.96m
Earnings	-NOK 31.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)	-0.34
Gross Margin	43.02%
Net Profit Margin	-13.84%
Debt/Equity Ratio	109.8%

How did ORN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/08/10 12:54
End of Day Share Price	2022/08/01 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Ørn Software Holding AS is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Fridtjof Fredricsson	Pareto Securities