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SMOP

Smartoptics GroupOB:SMOP Stock Report

Market Cap

kr1.1b

7D

-0.02%

1Y

n/a

Updated

23 Sep, 2021

Data

Company Financials +
SMOP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health5/6
Dividends0/6

SMOP Overview

Smartoptics Group AS provides optical networking solutions and devices in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Smartoptics Group
Historical stock prices
Current Share Pricekr11.00
52 Week Highkr9.60
52 Week Lowkr11.80
Beta0
1 Month Change6.69%
3 Month Change6.80%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO5.97%

Recent News & Updates

Shareholder Returns

SMOPNO CommunicationsNO Market
7D-0.02%-0.3%0.5%
1Yn/a21.0%25.9%

Return vs Industry: Insufficient data to determine how SMOP performed against the Norwegian Communications industry.

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

Price Volatility

Is SMOP's price volatile compared to industry and market?
SMOP volatility
SMOP Beta0
Industry Beta0.67
Market Beta1

Stable Share Price: SMOP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: Insufficient data to determine SMOP's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19908Magnus Grenfeldthttps://www.smartoptics.com

Smartoptics Group AS provides optical networking solutions and devices in Norway. Its products include open line systems comprising flexible open line systems, and passive optical networking multiplexers and OADM; layer 1 transport, such as transponders; optical transceivers; and certified FC transceivers. The company also provides technical support, extended warranty, advance product replacement, care, network design, and staging and installation support services.

Smartoptics Group Fundamentals Summary

How do Smartoptics Group's earnings and revenue compare to its market cap?
SMOP fundamental statistics
Market CapUS$123.46m
Earnings (TTM)US$3.43m
Revenue (TTM)US$46.15m

36.0x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMOP income statement (TTM)
RevenueUS$46.15m
Cost of RevenueUS$27.89m
Gross ProfitUS$18.26m
ExpensesUS$14.83m
EarningsUS$3.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin39.56%
Net Profit Margin7.43%
Debt/Equity Ratio9.3%

How did SMOP perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMOP (NOK11) is trading below our estimate of fair value (NOK23.64)

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


Price To Earnings Ratio

PE vs Industry: SMOP is poor value based on its PE Ratio (36x) compared to the European Communications industry average (28.8x).

PE vs Market: SMOP is poor value based on its PE Ratio (36x) compared to the Norwegian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: SMOP is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SMOP is overvalued based on its PB Ratio (5.4x) compared to the XE Communications industry average (3.5x).


Future Growth

How is Smartoptics Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

29.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMOP's forecast earnings growth (29.5% per year) is above the savings rate (1.2%).

Earnings vs Market: SMOP's earnings (29.5% per year) are forecast to grow faster than the Norwegian market (10.1% per year).

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

Revenue vs Market: SMOP's revenue (17.7% per year) is forecast to grow faster than the Norwegian market (5.7% per year).

High Growth Revenue: SMOP's revenue (17.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMOP's Return on Equity is forecast to be high in 3 years time (25.2%)


Past Performance

How has Smartoptics Group performed over the past 5 years?

250.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SMOP has high quality earnings.

Growing Profit Margin: SMOP's current net profit margins (7.4%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if SMOP'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 SMOP's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: SMOP earnings growth over the past year (250.2%) exceeded the Communications industry 99.1%.


Return on Equity

High ROE: SMOP's Return on Equity (15%) is considered low.


Financial Health

How is Smartoptics Group's financial position?


Financial Position Analysis

Short Term Liabilities: SMOP's short term assets ($26.7M) exceed its short term liabilities ($6.8M).

Long Term Liabilities: SMOP's short term assets ($26.7M) exceed its long term liabilities ($3.6M).


Debt to Equity History and Analysis

Debt Level: SMOP's debt to equity ratio (9.3%) is considered satisfactory.

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

Debt Coverage: SMOP's debt is well covered by operating cash flow (172.4%).

Interest Coverage: SMOP's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Dividend

What is Smartoptics Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SMOP'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 SMOP'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?

8.7yrs

Average board tenure


CEO

Magnus Grenfeldt (52 yo)

no data

Tenure

Mr. Magnus Grenfeldt has been Chief Executive Officer of SmartOptics AS since January 13, 2017. He serves as Chief Executive Officer of Smartoptics Group AS. He joined Smartoptics Group AS in 2016.Mr. Gre...


Board Members

Experienced Board: SMOP's board of directors are considered experienced (8.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Smartoptics Group AS's employee growth, exchange listings and data sources


Key Information

  • Name: Smartoptics Group AS
  • Ticker: SMOP
  • Exchange: OB
  • Founded: 1990
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: kr1.059b
  • Shares outstanding: 96.29m
  • Website: https://www.smartoptics.com

Number of Employees


Location

  • Smartoptics Group AS
  • Ryensvingen 7
  • Oslo
  • Buskerud
  • 680
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:45
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.