Spir Group (OB:SPIR) - Stock Price, News & Analysis

SPIR Stock Overview

Provides software solutions in Norway, Sweden, and internationally.

SPIR fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 73.1% below our estimate of its fair value

Risk Analysis

Earnings have declined by 46.7% per year over past 5 years

Does not have a meaningful market cap (NOK993M)

Shareholders have been diluted in the past year

Spir Group ASA Competitors

Elliptic Laboratories

OB:ELABS

NOK 1.4b

Mintra Holding

OB:MNTR

NOK 891.0m

River Tech

OB:RIVER

NOK 480.9m

Ørn Software Holding

OB:ORN

NOK 585.3m

Price History & Performance

Summary of all time highs, changes and price drops for Spir Group
Historical stock prices
Current Share Price	NOK 7.52
52 Week High	NOK 8.80
52 Week Low	NOK 5.26
Beta	1.55
11 Month Change	-6.47%
3 Month Change	-8.29%
1 Year Change	33.81%
33 Year Change	-70.63%
5 Year Change	n/a
Change since IPO	-58.22%

Recent updates

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

Apr 04

Shareholder Returns

	SPIR	NO Software	NO Market
7D	3.9%	0.3%	0.2%
1Y	33.8%	65.6%	-0.5%

Return vs Industry: SPIR underperformed the Norwegian Software industry which returned 65.6% over the past year.

Return vs Market: SPIR exceeded the Norwegian Market which returned -0.5% over the past year.

Price Volatility

Is SPIR's price volatile compared to industry and market?
SPIR volatility
SPIR Average Weekly Movement	3.7%
Software Industry Average Movement	5.6%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	11.3%
10% least volatile stocks in NO Market	2.7%

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

Volatility Over Time: SPIR's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2019	343	Per Lomsdalen	spirgroup.com

Spir Group ASA provides software solutions in Norway, Sweden, and internationally. It operates in four segments: Sikri, Ambita, Boligmappa, and Metria. The Sikri segment offers software solutions for case processing, building applications, archiving, and document management to the public sector.

Spir Group ASA Fundamentals Summary

How do Spir Group's earnings and revenue compare to its market cap?
SPIR fundamental statistics
Market cap	NOK 992.71m
Earnings (TTM)	-NOK 6.16m
Revenue (TTM)	NOK 1.08b

0.9x

P/S Ratio

-161.2x

P/E Ratio

Is SPIR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPIR income statement (TTM)
Revenue	NOK 1.08b
Cost of Revenue	NOK 425.70m
Gross Profit	NOK 651.05m
Other Expenses	NOK 657.21m
Earnings	-NOK 6.16m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.047
Gross Margin	60.46%
Net Profit Margin	-0.57%
Debt/Equity Ratio	53.6%

How did SPIR perform over the long term?

See historical performance and comparison

SPIR Stock Overview

Rewards

Risk Analysis

Spir Group ASA Competitors

OB:ELABS

NOK 1.4b

OB:MNTR

NOK 891.0m

OB:RIVER

NOK 480.9m

OB:ORN

NOK 585.3m

Price History & Performance

Recent News & Updates

Chief Financial Officer recently bought kr963k worth of stock

New minor risk - Shareholder dilution

Chief Financial Officer recently bought kr500k worth of stock

Second quarter 2024 earnings released: EPS: kr0.08 (vs kr0.05 in 2Q 2023)

Less than half of directors are independent

New major risk - Revenue and earnings growth

Recent updates

Chief Financial Officer recently bought kr963k worth of stock

New minor risk - Shareholder dilution

Chief Financial Officer recently bought kr500k worth of stock

Second quarter 2024 earnings released: EPS: kr0.08 (vs kr0.05 in 2Q 2023)

Less than half of directors are independent

New major risk - Revenue and earnings growth

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

New minor risk - Shareholder dilution

Full year 2023 earnings released: kr0.051 loss per share (vs kr0.33 loss in FY 2022)

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

Sikri Group Asa Announces Resignation of Camilla Aardal as CFO

CEO of Boligmappa recently sold kr266k worth of stock

Sikri Group ASA Announces Appointment of Nomination Committee Members

First quarter 2023 earnings released: kr0.021 loss per share (vs kr0.066 profit in 1Q 2022)

Sikri Group ASA Announces Executive Changes

Full year 2022 earnings released: kr0.29 loss per share (vs kr0.099 loss in FY 2021)

Sikri Group ASA to Report Q3, 2023 Results on Nov 09, 2023

Sikri Holding ASA has completed a Follow-on Equity Offering in the amount of NOK 100 million.

No independent directors

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

Sikri Holding ASA to Report Fiscal Year 2022 Final Results on Apr 28, 2023

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

No independent directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

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

Now 26% undervalued after recent price drop

Sikri Holding AS (OB:SIKRI) completed the acquisition of Ambita AS from The Norwegian Ministry of Trade, Industry and Fisheries.

New 90-day high: kr105

New 90-day high: kr100.00

Sikri Holding AS to Report Q3, 2021 Results on Nov 18, 2021

New 90-day low: kr83.99

New 90-day low: kr89.00

Sikri Holding AS to Report Q3, 2020 Results on Nov 05, 2020

Sikri Holding AS (OB:SIKRI-ME) completed the acquisition of Sureway AS and Whatif AS from Kjetil Odin Johnsen and other shareholders.

Sikri Holding AS has completed an IPO in the amount of NOK 199.999961 million.

Sikri Holding AS to Report First Half, 2020 Results on Sep 10, 2020

Sikri Holding AS (OB:SIKRI-ME) entered into a binding term sheet to acquire Sureway AS and Whatif AS from Kjetil Odin Johnsen and other shareholders for an enterprise value of NOK 23 million.

Shareholder Returns

Price Volatility

About the Company

Spir Group ASA Fundamentals Summary

0.9x

-161.2x

Earnings & Revenue