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ORN

Ørn Software Holding OB:ORN Stock Report

Last Price

kr6.20

Market Cap

kr585.3m

7D

1.3%

1Y

-45.4%

Updated

06 Aug, 2022

Data

Company Financials +
ORN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

ORN Stock Overview

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.

Ørn Software Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ørn Software Holding
Historical stock prices
Current Share Pricekr6.20
52 Week Highkr12.50
52 Week Lowkr3.00
Beta0
1 Month Change1.97%
3 Month Change74.65%
1 Year Change-45.37%
3 Year Changen/a
5 Year Changen/a
Change since IPO-40.92%

Recent News & Updates

Shareholder Returns

ORNNO SoftwareNO Market
7D1.3%1.2%-1.1%
1Y-45.4%-32.9%9.2%

Return vs Industry: ORN underperformed the Norwegian Software industry which returned -32.9% over the past year.

Return vs Market: ORN underperformed the Norwegian Market which returned 9.2% over the past year.

Price Volatility

Is ORN's price volatile compared to industry and market?
ORN volatility
ORN Average Weekly Movement16.4%
Software Industry Average Movement9.6%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.6%
10% least volatile stocks in NO Market3.8%

Stable Share Price: ORN is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 16% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2017129Sten Karlsenhttps://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 Fundamentals Summary

How do Ørn Software Holding's earnings and revenue compare to its market cap?
ORN fundamental statistics
Market Capkr585.27m
Earnings (TTM)-kr31.89m
Revenue (TTM)kr230.32m

2.5x

P/S Ratio

-18.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORN income statement (TTM)
Revenuekr230.32m
Cost of Revenuekr131.25m
Gross Profitkr99.07m
Other Expenseskr130.96m
Earnings-kr31.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)-0.34
Gross Margin43.02%
Net Profit Margin-13.84%
Debt/Equity Ratio109.8%

How did ORN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ORN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORN?

Other financial metrics that can be useful for relative valuation.

ORN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.6x
Enterprise Value/EBITDA35.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ORN's PS Ratio compare to its peers?

ORN PS Ratio vs Peers
The above table shows the PS ratio for ORN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6.2x
MNTR Mintra Holding
3.1x3.3%kr734.4m
HOC House of Control Group
2.2x15.4%kr422.5m
RIVER River Tech
10.5xn/akr1.1b
DLTX DLTx
9.1xn/akr281.6m
ORN Ørn Software Holding
2.5x9.7%kr585.3m

Price-To-Sales vs Peers: ORN is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (6.2x).


Price to Earnings Ratio vs Industry

How does ORN's PE Ratio compare vs other companies in the NO Software Industry?

Price-To-Sales vs Industry: ORN is good value based on its Price-To-Sales Ratio (2.5x) compared to the Norwegian Software industry average (3.1x)


Price to Sales Ratio vs Fair Ratio

What is ORN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ORN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: ORN is expensive based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

What is the Fair Price of ORN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ORN (NOK6.2) is trading below our estimate of fair value (NOK16.1)

Significantly Below Fair Value: ORN is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ørn Software Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


85.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: ORN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ORN is expected to become profitable in the next 3 years.

Revenue vs Market: ORN's revenue (9.7% per year) is forecast to grow faster than the Norwegian market (-1% per year).

High Growth Revenue: ORN's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ORN's Return on Equity is forecast to be low in 3 years time (3.6%).


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Past Performance

How has Ørn Software Holding performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-121.8%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ORN is currently unprofitable.

Growing Profit Margin: ORN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ORN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare ORN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ORN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (16%).


Return on Equity

High ROE: ORN has a negative Return on Equity (-8.75%), as it is currently unprofitable.


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Financial Health

How is Ørn Software Holding's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ORN's short term assets (NOK214.2M) exceed its short term liabilities (NOK173.7M).

Long Term Liabilities: ORN's short term assets (NOK214.2M) do not cover its long term liabilities (NOK489.5M).


Debt to Equity History and Analysis

Debt Level: ORN's net debt to equity ratio (60.4%) is considered high.

Reducing Debt: Insufficient data to determine if ORN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ORN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ORN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Ørn Software Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ORN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ORN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ORN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ORN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ORN has not reported any payouts.


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Management

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

2.2yrs

Average management tenure


CEO

Sten Karlsen (48 yo)

3.75yrs

Tenure

Mr. Sten Roger Karlsen serves as Chief Executive Officer at Orn Software Holding As since November 2018. Mr. Karlsen is currently employed at Ecowat AS in the position of Chief Operating Officer. Prior to...


Leadership Team

Experienced Management: ORN's management team is considered experienced (2.2 years average tenure).


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 9.8%.


Top Shareholders

Company Information

Ørn Software Holding AS's employee growth, exchange listings and data sources


Key Information

  • Name: Ørn Software Holding AS
  • Ticker: ORN
  • Exchange: OB
  • Founded: 2017
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: kr585.271m
  • Shares outstanding: 94.40m
  • Website: https://www.ornsoftware.com

Number of Employees


Location

  • Ørn Software Holding AS
  • Bassengbakken 4
  • Trondheim
  • Sør-Trøndelag
  • 7042
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.