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RIVE

River Tech OB:RIVER Stock Report

Last Price

kr54.80

Market Cap

kr1.1b

7D

0%

1Y

-12.3%

Updated

08 Aug, 2022

Data

Company Financials
RIVER fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends0/6

RIVER Stock Overview

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

River Tech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for River Tech
Historical stock prices
Current Share Pricekr54.80
52 Week Highkr73.00
52 Week Lowkr46.90
Beta0.82
1 Month Change4.58%
3 Month Change-3.86%
1 Year Change-12.32%
3 Year Change149.09%
5 Year Changen/a
Change since IPO196.22%

Recent News & Updates

May 06
River Tech's (OB:RIVER) Sluggish Earnings Might Be Just The Beginning Of Its Problems

River Tech's (OB:RIVER) Sluggish Earnings Might Be Just The Beginning Of Its Problems

The subdued market reaction suggests that River Tech p.l.c.'s ( OB:RIVER ) recent earnings didn't contain any...

Shareholder Returns

RIVERNO SoftwareNO Market
7D0%0.5%-0.2%
1Y-12.3%-34.7%8.9%

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

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

Price Volatility

Is RIVER's price volatile compared to industry and market?
RIVER volatility
RIVER Average Weekly Movementn/a
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: Insufficient data to determine RIVER's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine RIVER's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
201756Luke Ciantarhttps://www.river.tech

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 sphere. The company was incorporated in 2017 and is based in St Julian's, Malta.

River Tech Fundamentals Summary

How do River Tech's earnings and revenue compare to its market cap?
RIVER fundamental statistics
Market Cap€112.98m
Earnings (TTM)€4.43m
Revenue (TTM)€10.70m

25.5x

P/E Ratio

10.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RIVER income statement (TTM)
Revenue€10.70m
Cost of Revenue€1.21k
Gross Profit€10.70m
Other Expenses€6.27m
Earnings€4.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)0.22
Gross Margin99.99%
Net Profit Margin41.42%
Debt/Equity Ratio-376.8%

How did RIVER perform over the long term?

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

Valuation

Is RIVER 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 RIVER?

Other financial metrics that can be useful for relative valuation.

RIVER 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/Revenue11.4x
Enterprise Value/EBITDA33.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does RIVER's PE Ratio compare to its peers?

RIVER PE Ratio vs Peers
The above table shows the PE ratio for RIVER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average73.8x
MNTR Mintra Holding
27.9x14.1%kr715.8m
SMCRT SmartCraft
79.2x28.9%kr3.1b
VOLUE Volue
167.3x47.5%kr3.4b
ITERA Itera
20.9x15.7%kr982.2m
RIVER River Tech
25.5xn/akr1.1b

Price-To-Earnings vs Peers: RIVER is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (73.8x).


Price to Earnings Ratio vs Industry

How does RIVER's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Earnings vs Industry: RIVER is good value based on its Price-To-Earnings Ratio (25.5x) compared to the European Software industry average (34.1x)


Price to Earnings Ratio vs Fair Ratio

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

RIVER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RIVER's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: RIVER (NOK54.8) is trading below our estimate of fair value (NOK640.99)

Significantly Below Fair Value: RIVER 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 River Tech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


56.8%

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.


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  • Examine whether River Tech is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • River Tech competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has River Tech performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


65.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RIVER has a large one-off gain of €501.4K impacting its December 31 2021 financial results.

Growing Profit Margin: RIVER's current net profit margins (41.4%) are higher than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: RIVER's earnings have grown significantly by 65.6% per year over the past 5 years.

Accelerating Growth: RIVER's earnings growth over the past year (732.1%) exceeds its 5-year average (65.6% per year).

Earnings vs Industry: RIVER earnings growth over the past year (732.1%) exceeded the Software industry 16%.


Return on Equity

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


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Financial Health

How is River Tech's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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 well covered by operating cash flow (71.9%).

Interest Coverage: RIVER's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


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Dividend

What is River Tech 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 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.


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 RIVER has not reported any payouts.


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Management

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

0.8yrs

Average management tenure


CEO

Luke Ciantar

no data

Tenure

Mr. Luke Ciantar was Chief Technology Officer at River Tech p.l.c. (formerly known as River iGaming p.l.c) and serves as its CEO. He has IT professional with experience in delivering custom infrastructure...


Leadership Team

Experienced Management: RIVER's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: RIVER's board of directors are considered experienced (4.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.


Top Shareholders

Company Information

River Tech p.l.c.'s 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
  • Implied Market Cap: kr1.121b
  • Shares outstanding: 20.45m
  • 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


Company Analysis and Financial Data Status

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