OB:VOLUE

Stock Analysis Report

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Market Cap

kr6.6b

Last Updated

2021/07/31 05:14 UTC

Data Sources

Company Financials +

Executive Summary

Volue AS provides software and technology solutions for the energy, power grid, and infrastructure markets worldwide. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Volue's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

2.9%

VOLUE

3.7%

NO Software

0.2%

NO Market


1 Year Return

n/a

VOLUE

33.6%

NO Software

31.8%

NO Market

Return vs Industry: Insufficient data to determine how VOLUE performed against the Norwegian Software industry.

Return vs Market: Insufficient data to determine how VOLUE performed against the Norwegian Market.


Shareholder returns

VOLUEIndustryMarket
7 Day2.9%3.7%0.2%
30 Day-2.7%5.9%0.2%
90 Day-4.1%-6.5%2.0%
1 Yearn/a33.6%33.6%36.6%31.8%
3 Yearn/a48.0%40.6%18.2%4.8%
5 Yearn/a101.8%85.1%76.9%44.2%

Long-Term Price Volatility Vs. Market

How volatile is Volue's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Volue undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: VOLUE (NOK46.05) is trading above our estimate of fair value (NOK36.29)

Significantly Below Fair Value: VOLUE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate VOLUE's PE Ratio to determine if it is good value compared to the European Software industry average.

PE vs Market: Insufficient data to calculate VOLUE's PE Ratio to determine if it is good value compared to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VOLUE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate VOLUE's PB Ratio to determine if it is good value.


Future Growth

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

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOLUE's forecast earnings growth (36% per year) is above the savings rate (1.2%).

Earnings vs Market: VOLUE's earnings (36% per year) are forecast to grow faster than the Norwegian market (10% per year).

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

Revenue vs Market: VOLUE's revenue (11.9% per year) is forecast to grow faster than the Norwegian market (5.5% per year).

High Growth Revenue: VOLUE's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VOLUE's Return on Equity is forecast to be low in 3 years time (17.8%).


Past Performance

How has Volue performed over the past 5 years?

166.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: VOLUE has a high level of non-cash earnings.

Growing Profit Margin: VOLUE's current net profit margins (7.5%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if VOLUE's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare VOLUE's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: VOLUE earnings growth over the past year (166.8%) exceeded the Software industry 18.6%.


Return on Equity

High ROE: VOLUE's Return on Equity (8.3%) is considered low.


Financial Health

How is Volue's financial position?


Financial Position Analysis

Short Term Liabilities: VOLUE's short term assets (NOK843.0M) exceed its short term liabilities (NOK510.0M).

Long Term Liabilities: VOLUE's short term assets (NOK843.0M) exceed its long term liabilities (NOK176.0M).


Debt to Equity History and Analysis

Debt Level: VOLUE's debt to equity ratio (3%) is considered satisfactory.

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

Debt Coverage: VOLUE's debt is well covered by operating cash flow (450%).

Interest Coverage: VOLUE's interest payments on its debt are well covered by EBIT (14.6x coverage).


Balance Sheet


Dividend

What is Volue current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if VOLUE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VOLUE's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Trond Straume (43 yo)

1.33yrs

Tenure

Mr. Trond Straume serves as Chief Executive Officer of Volue AS. since March 2020Mr. Straume serves as Chairman of the Board at Markedskraft ASA since August 2020. He served as Chief Executive Officer at P...


Leadership Team

Experienced Management: VOLUE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: VOLUE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VOLUE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: VOLUE only recently listed within the past 12 months.


Top Shareholders

Company Information

Volue ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Volue ASA
  • Ticker: VOLUE
  • Exchange: OB
  • Founded: 2019
  • Industry: Application Software
  • Sector: Software
  • Market Cap: kr6.612b
  • Shares outstanding: 143.58m
  • Website: https://www.volue.com

Number of Employees


Location

  • Volue ASA
  • Chr. Krohgsgate 16
  • Postboks 9008
  • Oslo
  • Oslo
  • 186
  • Norway

Listings


Biography

Volue AS provides software and technology solutions for the energy, power grid, and infrastructure markets worldwide. It operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segme...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 05:14
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.