SmartCraft ASA

OB:SMCRT Stock Report

Market Cap: NOK 4.9b

SmartCraft 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

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (NOK29.4) is trading below our estimate of fair value (NOK37.77)

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

Key Valuation Metric

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

Key metric: As SMCRT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SMCRT. This is calculated by dividing SMCRT's market cap by their current earnings.
What is SMCRT's PE Ratio?
PE Ratio48.5x
EarningsNOK 101.51m
Market CapNOK 4.92b

Price to Earnings Ratio vs Peers

How does SMCRT's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.7x
LINK LINK Mobility Group Holding
16.8x-3.7%NOK 6.5b
SPIR Spir Group
40.5xn/aNOK 1.1b
MNTR Mintra Holding
17.6x-3.5%NOK 891.0m
RIVER River Tech
4xn/aNOK 365.8m
SMCRT SmartCraft
48.5x26.0%NOK 4.9b

Price-To-Earnings vs Peers: SMCRT is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SMCRT 48.5xIndustry Avg. 26.2xNo. of Companies18PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMCRT is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the European Software industry average (26.2x).

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 Ratio48.5x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: SMCRT is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

Analyst Price Targets

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

The above table shows the analyst SMCRT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 29.40
NOK 35.00
+19.0%
3.5%NOK 37.00NOK 34.00n/a4
Dec ’25NOK 28.30
NOK 35.00
+23.7%
3.5%NOK 37.00NOK 34.00n/a4
Nov ’25NOK 30.30
NOK 35.00
+15.5%
4.0%NOK 37.00NOK 34.00n/a3
Oct ’25NOK 33.00
NOK 35.00
+6.1%
4.0%NOK 37.00NOK 34.00n/a3
Sep ’25NOK 31.00
NOK 35.00
+12.9%
4.0%NOK 37.00NOK 34.00n/a3
Jun ’25NOK 30.00
NOK 31.50
+5.0%
7.9%NOK 34.00NOK 29.00n/a2
May ’25NOK 27.00
NOK 30.50
+13.0%
4.9%NOK 32.00NOK 29.00n/a2
Apr ’25NOK 25.90
NOK 31.00
+19.7%
3.2%NOK 32.00NOK 30.00n/a2
Mar ’25NOK 26.70
NOK 31.00
+16.1%
3.2%NOK 32.00NOK 30.00n/a2
Feb ’25NOK 24.70
NOK 31.00
+25.5%
3.2%NOK 32.00NOK 30.00n/a2
Jan ’25NOK 22.60
NOK 25.00
+10.6%
4.0%NOK 26.00NOK 24.00n/a2
Dec ’24NOK 21.40
NOK 25.00
+16.8%
4.0%NOK 26.00NOK 24.00NOK 28.302
Nov ’24NOK 20.80
NOK 25.50
+22.6%
2.0%NOK 26.00NOK 25.00NOK 30.302
Oct ’24NOK 21.30
NOK 25.50
+19.7%
2.0%NOK 26.00NOK 25.00NOK 33.002
Sep ’24NOK 21.70
NOK 23.50
+8.3%
10.6%NOK 26.00NOK 21.00NOK 31.002
Aug ’24NOK 20.70
NOK 22.50
+8.7%
15.6%NOK 26.00NOK 19.00NOK 30.802
Jul ’24NOK 22.80
NOK 22.50
-1.3%
15.6%NOK 26.00NOK 19.00NOK 30.002
Jun ’24NOK 20.10
NOK 22.50
+11.9%
15.6%NOK 26.00NOK 19.00NOK 30.002
May ’24NOK 20.30
NOK 22.00
+8.4%
13.6%NOK 25.00NOK 19.00NOK 27.002
Apr ’24NOK 20.25
NOK 22.00
+8.6%
13.6%NOK 25.00NOK 19.00NOK 25.902
Mar ’24NOK 18.10
NOK 22.00
+21.5%
13.6%NOK 25.00NOK 19.00NOK 26.702
Feb ’24NOK 18.38
NOK 22.00
+19.7%
13.6%NOK 25.00NOK 19.00NOK 24.702
Jan ’24NOK 17.38
NOK 22.00
+26.6%
13.6%NOK 25.00NOK 19.00NOK 22.602
Dec ’23NOK 16.00
NOK 22.00
+37.5%
13.6%NOK 25.00NOK 19.00NOK 21.402

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:01
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SmartCraft ASA is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard OrgonasBerenberg
Gustav FrobergBerenberg
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB