SmartCraft ASA

OB:SMCRT Stock Report

Market Cap: NOK 2.8b

SmartCraft Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SMCRT (NOK17.2) is trading below our estimate of future cash flow value (NOK38.52)

Significantly Below Future Cash Flow Value: SMCRT is trading below future cash flow 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 Ratio32.3x
EarningsNOK 85.23m
Market CapNOK 2.76b

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 Average25.4x
LINK LINK Mobility Group Holding
72.1x43.80%NOK 6.3b
PEXIP Pexip Holding
25.9x16.78%NOK 6.4b
RIVER River Tech
1xn/aNOK 69.1m
OTEC Otello
2.6xn/aNOK 1.2b
SMCRT SmartCraft
32.3x30.10%NOK 2.8b

Price-To-Earnings vs Peers: SMCRT is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the peer average (25.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SMCRT 32.3xIndustry Avg. 23.7xNo. of Companies24PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMCRT is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the European Software industry average (23.7x).

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 Ratio32.3x
Fair PE Ratio31.7x

Price-To-Earnings vs Fair Ratio: SMCRT is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).

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 17.20
NOK 21.25
+23.55%
13.87%NOK 24.00NOK 17.00n/a4
Feb ’27NOK 21.70
NOK 29.75
+37.10%
3.66%NOK 31.00NOK 28.00n/a4
Jan ’27NOK 25.00
NOK 30.75
+23.00%
5.33%NOK 32.00NOK 28.00n/a4
Dec ’26NOK 23.40
NOK 30.75
+31.41%
5.33%NOK 32.00NOK 28.00n/a4
Nov ’26NOK 25.60
NOK 32.50
+26.95%
1.54%NOK 33.00NOK 32.00n/a4
Oct ’26NOK 27.30
NOK 32.50
+19.05%
1.54%NOK 33.00NOK 32.00n/a4
Sep ’26NOK 27.30
NOK 32.50
+19.05%
1.54%NOK 33.00NOK 32.00n/a4
Aug ’26NOK 25.80
NOK 31.25
+21.12%
2.65%NOK 32.00NOK 30.00n/a4
Jul ’26NOK 26.20
NOK 31.25
+19.27%
2.65%NOK 32.00NOK 30.00n/a4
Jun ’26NOK 23.00
NOK 31.25
+35.87%
2.65%NOK 32.00NOK 30.00n/a4
May ’26NOK 25.80
NOK 31.75
+23.06%
2.61%NOK 33.00NOK 31.00n/a4
Apr ’26NOK 26.40
NOK 33.00
+25.00%
5.67%NOK 36.00NOK 31.00n/a4
Mar ’26NOK 26.80
NOK 33.75
+25.93%
4.38%NOK 36.00NOK 32.00NOK 17.204
Feb ’26NOK 26.50
NOK 35.00
+32.08%
3.50%NOK 37.00NOK 34.00NOK 21.704
Jan ’26NOK 29.60
NOK 35.00
+18.24%
3.50%NOK 37.00NOK 34.00NOK 25.004
Dec ’25NOK 28.30
NOK 35.00
+23.67%
3.50%NOK 37.00NOK 34.00NOK 23.404
Nov ’25NOK 30.30
NOK 35.00
+15.51%
4.04%NOK 37.00NOK 34.00NOK 25.603
Oct ’25NOK 33.00
NOK 35.00
+6.06%
4.04%NOK 37.00NOK 34.00NOK 27.303
Sep ’25NOK 31.00
NOK 35.00
+12.90%
4.04%NOK 37.00NOK 34.00NOK 27.303
Jun ’25NOK 30.00
NOK 31.50
+5.00%
7.94%NOK 34.00NOK 29.00NOK 23.002
May ’25NOK 27.00
NOK 30.50
+12.96%
4.92%NOK 32.00NOK 29.00NOK 25.802
Apr ’25NOK 25.90
NOK 31.00
+19.69%
3.23%NOK 32.00NOK 30.00NOK 26.402
Mar ’25NOK 26.70
NOK 31.00
+16.10%
3.23%NOK 32.00NOK 30.00NOK 26.802
NOK 21.25
Fair Value
19.1% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/28 00:00
End of Day Share Price 2026/02/27 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

SmartCraft ASA is covered by 6 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
null nullABG Sundal Collier
Gustav FrobergBerenberg
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB