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Spir Group ASAOB:SPIR Stock Report

Market Cap NOK 1.1b
Share Price
NOK 8.54
NOK 10.85
21.3% undervalued intrinsic discount
1Y-13.4%
7D0%
Portfolio Value
View

Spir Group ASA

OB:SPIR Stock Report

Market Cap: NOK 1.1b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Spir Group (SPIR) Stock Overview

Provides software solutions in Norway, Sweden, and internationally. More details

SPIR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends2/6

SPIR Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Spir Group ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Spir Group
Historical stock prices
Current Share PriceNOK 8.54
52 Week HighNOK 11.80
52 Week LowNOK 6.10
Beta1.42
1 Month Change0.23%
3 Month Change1.43%
1 Year Change-13.39%
3 Year Change5.43%
5 Year Change-55.05%
Change since IPO-52.56%

Recent News & Updates

Recent updates

Analysis Article Sep 13

We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 12

Many Still Looking Away From Spir Group ASA (OB:SPIR)

Spir Group ASA's ( OB:SPIR ) price-to-sales (or "P/S") ratio of 1.2x might make it look like a buy right now compared...
Analysis Article May 22

We Think Spir Group's (OB:SPIR) Robust Earnings Are Conservative

Spir Group ASA ( OB:SPIR ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article Feb 21

Spir Group ASA (OB:SPIR) Stock Rockets 26% But Many Are Still Ignoring The Company

Spir Group ASA ( OB:SPIR ) shareholders have had their patience rewarded with a 26% share price jump in the last month...
Analysis Article Feb 13

At kr9.14, Is Spir Group ASA (OB:SPIR) Worth Looking At Closely?

While Spir Group ASA ( OB:SPIR ) might not have the largest market cap around , it saw a double-digit share price rise...
User avatar
New Narrative Feb 09

AI Investments And Acquisitions Like Unbolt Will Expand Digital Real Estate Services

Strategic acquisitions and AI investments are expected to boost revenue and operational efficiencies, driving future earnings growth.
Analysis Article Nov 20

The Strong Earnings Posted By Spir Group (OB:SPIR) Are A Good Indication Of The Strength Of The Business

Investors were underwhelmed by the solid earnings posted by Spir Group ASA ( OB:SPIR ) recently. Our analysis says that...
Analysis Article Oct 25

Spir Group's (OB:SPIR) Returns On Capital Are Heading Higher

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 04

Further Upside For Spir Group ASA (OB:SPIR) Shares Could Introduce Price Risks After 28% Bounce

Spir Group ASA ( OB:SPIR ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Dec 29

Market Still Lacking Some Conviction On Spir Group ASA (OB:SPIR)

With a price-to-sales (or "P/S") ratio of 0.8x Spir Group ASA ( OB:SPIR ) may be sending very bullish signals at the...
Analysis Article Nov 06

We Like These Underlying Return On Capital Trends At Sikri Holding (OB:SIKRI)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Feb 24

Sikri Holding (OB:SIKRI) Has Some Way To Go To Become A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

SPIRNO SoftwareNO Market
7D0%2.7%2.6%
1Y-13.4%14.6%21.3%

Return vs Industry: SPIR underperformed the Norwegian Software industry which returned 4.1% over the past year.

Return vs Market: SPIR underperformed the Norwegian Market which returned 22.3% over the past year.

Price Volatility

Is SPIR's price volatile compared to industry and market?
SPIR volatility
SPIR Average Weekly Movement0.8%
Software Industry Average Movement5.9%
Market Average Movement5.5%
10% most volatile stocks in NO Market11.8%
10% least volatile stocks in NO Market3.3%

Stable Share Price: SPIR has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: SPIR's weekly volatility has decreased from 8% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019363Per Lomsdalenspirgroup.com

Spir Group ASA provides software solutions in Norway, Sweden, and internationally. The company offers Samsvar, a system that helps consumers keep track of legal requirements related to privacy and information security; PixEdit, a software for automating the processing of scanning, data capture, digitalization and optimization, interactive editing, and converting all types of files/documents; Elements, Sak-Arkiv, a core system; Elements eByggesak, a software for construction case processing; AIoT, a platform for data collection; Infoland, a data source for the real estate market; Propfinder, a map service for property developers; Byggesøknaden, a digital building application for professionals; data services that include services connected to the land registry and technical information; and digital settlement process in real estate transactions. It also provides Hjemla, a real estate platform focusing on the value of residential properties; Boligmappa, a digital platform connecting all sides of the housing and real estate lifecycle; Boligmappa.no, an online service that makes for homeowners to manage their property; Boligmappa Professional, used by craftsmen and other professionals to register work, documentation, and other data; ByggeBolig.no, an online forum for homeowners and enthusiasts; and Boligmappa Data Platform used by property appraisers, electrical supervisors, and others.

Spir Group ASA Fundamentals Summary

How do Spir Group's earnings and revenue compare to its market cap?
SPIR fundamental statistics
Market capNOK 1.14b
Earnings (TTM)-NOK 26.34m
Revenue (TTM)NOK 954.84m
1.2x
P/S Ratio
-43.1x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPIR income statement (TTM)
RevenueNOK 954.84m
Cost of RevenueNOK 430.35m
Gross ProfitNOK 524.48m
Other ExpensesNOK 550.83m
Earnings-NOK 26.34m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Apr 30, 2026

Earnings per share (EPS)-0.20
Gross Margin54.93%
Net Profit Margin-2.76%
Debt/Equity Ratio9.0%

How did SPIR perform over the long term?

See historical performance and comparison

Dividends

28.6%
Current Dividend Yield
11,436%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 02:26
End of Day Share Price 2026/03/09 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

Spir Group ASA is covered by 1 analysts. 0 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