OB:SIKRI

Stock Analysis Report

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Market Cap

kr2.4b

Last Updated

2021/07/31 16:21 UTC

Data Sources

Company Financials

Executive Summary

Sikri Holding AS provides case processing, and document management and archiving solutions to the public sector in Norway. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Sikri Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIKRI is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SIKRI's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-4.4%

SIKRI

3.8%

NO Software

0.2%

NO Market


1 Year Return

40.5%

SIKRI

34.3%

NO Software

31.8%

NO Market

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

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


Shareholder returns

SIKRIIndustryMarket
7 Day-4.4%3.8%0.2%
30 Day-1.1%7.3%-0.8%
90 Day6.6%-6.4%2.1%
1 Year40.5%40.5%34.3%34.3%36.7%31.8%
3 Yearn/a48.4%40.9%18.7%5.2%
5 Yearn/a102.4%85.6%77.4%44.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sikri Holding undervalued compared to its fair value and its price relative to the market?

1.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIKRI (NOK130) is trading below our estimate of fair value (NOK132.2)

Significantly Below Fair Value: SIKRI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SIKRI is poor value based on its PE Ratio (107.6x) compared to the European Software industry average (44.8x).

PE vs Market: SIKRI is poor value based on its PE Ratio (107.6x) compared to the Norwegian market (14.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIKRI is overvalued based on its PB Ratio (7.4x) compared to the NO Software industry average (3.6x).


Future Growth

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

45.7%

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 Sikri Holding 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 Sikri Holding performed over the past 5 years?

13.3%

Historical Software annual earnings growth


Earnings and Revenue History

Quality Earnings: SIKRI has high quality earnings.

Growing Profit Margin: Insufficient data to determine if SIKRI's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if SIKRI's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare SIKRI's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if SIKRI's earnings growth over the past year exceeded the Software industry average.


Return on Equity

High ROE: SIKRI's Return on Equity (6.9%) is considered low.


Financial Health

How is Sikri Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SIKRI's short term assets (NOK220.5M) exceed its short term liabilities (NOK141.5M).

Long Term Liabilities: SIKRI's short term assets (NOK220.5M) exceed its long term liabilities (NOK108.5M).


Debt to Equity History and Analysis

Debt Level: SIKRI's debt to equity ratio (37.6%) is considered satisfactory.

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

Debt Coverage: SIKRI's debt is well covered by operating cash flow (78.6%).

Interest Coverage: SIKRI's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SIKRI'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 SIKRI'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?

1.3yrs

Average management tenure


CEO

Nicolay Henrik Moulin

1.33yrs

Tenure

Mr. Nicolay Henrik Kaare Moulin serves as a Chief Executive Officer of Sikri Holding AS since March 1, 2020.


Leadership Team

Experienced Management: SIKRI's management team is not considered experienced ( 1.3 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 been diluted in the past year, with total shares outstanding growing by 27.6%.


Top Shareholders

Company Information

Sikri Holding AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sikri Holding AS
  • Ticker: SIKRI
  • Exchange: OB
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: kr2.445b
  • Shares outstanding: 18.80m
  • Website: https://www.sikri.no

Number of Employees


Location

  • Sikri Holding AS
  • Vollsveien 4A
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Biography

Sikri Holding AS provides case processing, and document management and archiving solutions to the public sector in Norway. Its products include Elements Sak-Arkiv, a case archive system for the management ...


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
Earnings2021/03/31
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.