OB:RIVER

Stock Analysis Report

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Market Cap

kr1.2b

Last Updated

2021/07/31 16:21 UTC

Data Sources

Company Financials

Executive Summary

River Tech p.l.c., a technology company, provides software solution services. More Details


Snowflake Analysis

Acceptable track record and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RIVER is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: RIVER's weekly volatility has decreased from 19% to 11% over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

32.6%

RIVER

3.7%

NO Software

0.2%

NO Market


1 Year Return

747.2%

RIVER

33.6%

NO Software

31.8%

NO Market

Return vs Industry: RIVER exceeded the Norwegian Software industry which returned 33.6% over the past year.

Return vs Market: RIVER exceeded the Norwegian Market which returned 31.8% over the past year.


Shareholder returns

RIVERIndustryMarket
7 Day32.6%3.7%0.2%
30 Day42.5%5.9%0.2%
90 Day58.9%-6.5%2.0%
1 Year747.2%747.2%33.6%33.6%36.6%31.8%
3 Year103.3%103.3%48.0%40.6%18.2%4.8%
5 Yearn/a101.8%85.1%76.9%44.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RIVER (NOK61) is trading above our estimate of fair value (NOK2.84)

Significantly Below Fair Value: RIVER is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RIVER is good value based on its PE Ratio (8.8x) compared to the European Software industry average (44.8x).

PE vs Market: RIVER is good value based on its PE Ratio (8.8x) compared to the Norwegian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RIVER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RIVER has negative assets, so we can't compare its PB Ratio to the NO Software industry average.


Future Growth

How is River Tech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.8%

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 River Tech 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 River Tech performed over the past 5 years?

807.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RIVER has a high level of non-cash earnings.

Growing Profit Margin: RIVER's current net profit margins are higher than last year (17.4%).


Past Earnings Growth Analysis

Earnings Trend: RIVER has become profitable over the past 5 years.

Accelerating Growth: Insufficient data to compare RIVER's past year earnings growth to its 5-year average.

Earnings vs Industry: RIVER earnings growth over the past year (807.5%) exceeded the Software industry 18.6%.


Return on Equity

High ROE: RIVER's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is River Tech's financial position?


Financial Position Analysis

Short Term Liabilities: RIVER has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RIVER has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: RIVER has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RIVER's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: RIVER's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: RIVER's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Dividend

What is River Tech current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate RIVER'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 RIVER's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RIVER's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

David Eynon (37 yo)

1.58yrs

Tenure

Mr. David Eynon has been Chief Executive Officer of River Tech p.l.c. (formerly known as River iGaming p.l.c.) since December 23, 2019. Mr. Eynon joined River iGaming in January 2019 as Commercial Director...


Leadership Team

Experienced Management: RIVER's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

River Tech p.l.c.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: River Tech p.l.c.
  • Ticker: RIVER
  • Exchange: OB
  • Founded: 2017
  • Industry: Application Software
  • Sector: Software
  • Market Cap: kr1.160b
  • Shares outstanding: 19.02m
  • Website: https://www.river.tech

Number of Employees


Location

  • River Tech p.l.c.
  • Aragon House Business Cente
  • Dragonara Road
  • St. Julian's
  • STJ 3140
  • Malta

Listings


Biography

River Tech p.l.c., a technology company, provides software solution services. It offers B2B technology products, as well as secure and tailormade solutions for the delivery of services within the online sp...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 16:21
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.