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SMCR

SmartCraft OB:SMCRT Stock Report

Last Price

kr17.38

Market Cap

kr3.0b

7D

4.6%

1Y

-17.2%

Updated

24 Jun, 2022

Data

Company Financials +
SMCRT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

SMCRT Stock Overview

SmartCraft ASA provides software solutions to the construction industry in Norway, Sweden, and Finland.

SmartCraft Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for SmartCraft
Historical stock prices
Current Share Pricekr17.38
52 Week Highkr27.72
52 Week Lowkr14.04
Beta0
1 Month Change9.31%
3 Month Change-1.25%
1 Year Change-17.24%
3 Year Changen/a
5 Year Changen/a
Change since IPO-22.50%

Recent News & Updates

May 03
We Like SmartCraft's (OB:SMCRT) Earnings For More Than Just Statutory Profit

We Like SmartCraft's (OB:SMCRT) Earnings For More Than Just Statutory Profit

SmartCraft ASA's ( OB:SMCRT ) solid earnings announcement recently didn't do much to the stock price. Our analysis...

Feb 27
Analyst Estimates: Here's What Brokers Think Of SmartCraft ASA (OB:SMCRT) After Its Full-Year Report

Analyst Estimates: Here's What Brokers Think Of SmartCraft ASA (OB:SMCRT) After Its Full-Year Report

The annual results for SmartCraft ASA ( OB:SMCRT ) were released last week, making it a good time to revisit its...

Shareholder Returns

SMCRTNO SoftwareNO Market
7D4.6%-0.06%-3.4%
1Y-17.2%-34.3%3.2%

Return vs Industry: SMCRT exceeded the Norwegian Software industry which returned -34.9% over the past year.

Return vs Market: SMCRT underperformed the Norwegian Market which returned 3.4% over the past year.

Price Volatility

Is SMCRT's price volatile compared to industry and market?
SMCRT volatility
SMCRT Average Weekly Movement7.1%
Software Industry Average Movement9.4%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.8%
10% least volatile stocks in NO Market3.9%

Stable Share Price: SMCRT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SMCRT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987182Gustav Linehttps://www.smartcraftready.com

SmartCraft ASA provides software solutions to the construction industry in Norway, Sweden, and Finland. The company offers Cordel, an ERP solution for craftsmen; Bygglet, a project management solution; EL-VIS software solutions and services for use in professional calculation and documentation for electricians; and Congrid solution for use in quality and safety assurance processes for construction companies. It also provides HomeRun.net, a customer communication solution for building and renovation companies; and Kvalitetskontroll, a complete quality solution to the construction industry.

SmartCraft Fundamentals Summary

How do SmartCraft's earnings and revenue compare to its market cap?
SMCRT fundamental statistics
Market Capkr2.98b
Earnings (TTM)kr39.41m
Revenue (TTM)kr290.52m

75.7x

P/E Ratio

10.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMCRT income statement (TTM)
Revenuekr290.52m
Cost of Revenuekr135.93m
Gross Profitkr154.60m
Other Expenseskr115.19m
Earningskr39.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)0.23
Gross Margin53.21%
Net Profit Margin13.56%
Debt/Equity Ratio7.5%

How did SMCRT perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SMCRT 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/Revenue9.8x
Enterprise Value/EBITDA35.8x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

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

SMCRT PE Ratio vs Peers
The above table shows the PE ratio for SMCRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average71.1x

Price-To-Earnings vs Peers: SMCRT is expensive based on its Price-To-Earnings Ratio (75.7x) compared to the peer average (71.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SMCRT is expensive based on its Price-To-Earnings Ratio (75.7x) compared to the European Software industry average (32.1x)


Price to Earnings Ratio vs Fair Ratio

What is SMCRT'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.

SMCRT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio75.7x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: SMCRT is expensive based on its Price-To-Earnings Ratio (75.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).


Share Price vs Fair Value

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

Below Fair Value: SMCRT (NOK17.38) is trading below our estimate of fair value (NOK26.18)

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


Price to Earnings Growth Ratio

PEG Ratio: SMCRT is poor value based on its PEG Ratio (2.6x)


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Future Growth

How is SmartCraft forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

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


28.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMCRT's forecast earnings growth (28.9% per year) is above the savings rate (1.1%).

Earnings vs Market: SMCRT's earnings (28.9% per year) are forecast to grow faster than the Norwegian market (1.5% per year).

High Growth Earnings: SMCRT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SMCRT's revenue (15.2% per year) is forecast to grow faster than the Norwegian market (0.2% per year).

High Growth Revenue: SMCRT's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMCRT's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has SmartCraft performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


53.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SMCRT has high quality earnings.

Growing Profit Margin: SMCRT's current net profit margins (13.6%) are higher than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: SMCRT's earnings have grown significantly by 53.6% per year over the past 5 years.

Accelerating Growth: SMCRT's earnings growth over the past year (57.5%) exceeds its 5-year average (53.6% per year).

Earnings vs Industry: SMCRT earnings growth over the past year (57.5%) exceeded the Software industry 16.5%.


Return on Equity

High ROE: SMCRT's Return on Equity (6.1%) is considered low.


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Financial Health

How is SmartCraft's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SMCRT's short term assets (NOK232.4M) exceed its short term liabilities (NOK174.9M).

Long Term Liabilities: SMCRT's short term assets (NOK232.4M) exceed its long term liabilities (NOK43.6M).


Debt to Equity History and Analysis

Debt Level: SMCRT has more cash than its total debt.

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

Debt Coverage: SMCRT's debt is well covered by operating cash flow (208.9%).

Interest Coverage: SMCRT's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


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Dividend

What is SmartCraft 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SMCRT'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 SMCRT has not reported any payouts.


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Management

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

2.7yrs

Average management tenure


CEO

Gustav Line (55 yo)

4.42yrs

Tenure

kr2,894,000

Compensation

Mr. Gustav Line is Chief Executive Officer of SmartCraft AS since 2018. Prior to joining SmartCraft, Mr. Line worked for ten years as the Chief Executive Officer of Compello AS. Mr. Line served as the mana...


CEO Compensation Analysis

Compensation vs Market: Gustav's total compensation ($USD293.26K) is below average for companies of similar size in the Norwegian market ($USD591.72K).

Compensation vs Earnings: Gustav's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SMCRT's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: SMCRT's board of directors are considered experienced (5.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SmartCraft ASA's employee growth, exchange listings and data sources


Key Information

  • Name: SmartCraft ASA
  • Ticker: SMCRT
  • Exchange: OB
  • Founded: 1987
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: kr2.981b
  • Shares outstanding: 171.52m
  • Website: https://www.smartcraftready.com

Number of Employees


Location

  • SmartCraft ASA
  • Borgundfjordvegen 80
  • Ålesund
  • Møre og Romsdal
  • 6017
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 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.