Board Change • May 05
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Ingeborg Hegstad is the most experienced director on the board, commencing their role in 2020. Independent Director Pal Wibe was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • May 02
First quarter 2026 earnings released: kr0.19 loss per share (vs kr0.19 loss in 1Q 2025) First quarter 2026 results: kr0.19 loss per share (further deteriorated from kr0.19 loss in 1Q 2025). Revenue: kr342.3m (down 1.2% from 1Q 2025). Net loss: kr8.47m (loss widened 2.1% from 1Q 2025). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 51% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr456.6m market cap, or US$48.9m). Reported Earnings • Feb 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: kr0.11 loss per share (improved from kr0.71 loss in FY 2024). Revenue: kr1.36b (up 3.8% from FY 2024). Net loss: kr4.97m (loss narrowed 84% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 13
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.52b to kr1.50b. Now expected to report a loss of kr0.21 per share instead of kr0.12 per share profit previously forecast. Electronic industry in Norway expected to see average net income growth of 42% next year. Consensus price target of kr13.00 unchanged from last update. Share price fell 6.2% to kr9.90 over the past week. New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings have declined by 52% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr474.5m market cap, or US$49.5m). Announcement • Jan 20
StrongPoint ASA Announces Morthen Johannessen Concludes His Term as Chairman of the Board Morthen Johannessen, Chairman of the Board of StrongPoint ASA, has informed the Nomination Committee that after 10 years on the board, of which 8 years as Chairman, he wishes to conclude his term as Chair in connection with the upcoming General Meeting in April 2026. The Nomination Committee will take this into account in its ongoing work on the composition of the Board to be proposed to the Ordinary General Meeting in April. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr0.38 (up from kr0.06 in 3Q 2024). Revenue: kr319.5m (up 2.0% from 3Q 2024). Net income: kr17.1m (up kr14.4m from 3Q 2024). Profit margin: 5.3% (up from 0.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
StrongPoint ASA, Annual General Meeting, Apr 29, 2026 StrongPoint ASA, Annual General Meeting, Apr 29, 2026. Reported Earnings • Jul 13
Second quarter 2025 earnings released: kr0.068 loss per share (vs kr0.47 loss in 2Q 2024) Second quarter 2025 results: kr0.068 loss per share (improved from kr0.47 loss in 2Q 2024). Revenue: kr350.4m (up 18% from 2Q 2024). Net loss: kr3.06m (loss narrowed 86% from 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Jun 27
An undisclosed buyer signed an agreement to acquire an unknown stake in 1X Technologies AS from StrongPoint ASA (OB:STRO) for NOK 26 million. An undisclosed buyer signed an agreement to acquire an unknown stake in 1X Technologies AS from StrongPoint ASA (OB:STRO) for NOK 26 million on June 26, 2025. A cash consideration of NOK 26 million will be paid by the buyer. Announcement • Jun 19
Strongpoint Launches Retailq: Data-Driven Analytics Service for Grocery E-Commerce Fulfillment StrongPoint announced the launch of RetailQ, an analytics service designed to help grocery retailers uncover real cost savings in their order picking operations. RetailQ is an analytics service that uses advanced digital simulation and virtual pick bots to help grocery retailers identify cost savings and improve efficiency in their in-store picking operations. By digitally modelling every step of the fulfillment process, RetailQ enables retailers to test different scenarios, quantify the impact of operational changes, optimize workflows and reveal hidden inefficiencies. RetailQ service turns analytics into actionable insights to drive best practice and maximize return on investment. The service presents: Opportunities to streamline picking operations and reduce labor costs through workflow optimization. Operational opportunities and recommend optimal hardware, equipment, and tools tailored to unique picking process. Focus areas prioritized by the greatest opportunities for improvement. A comprehensive business case forecasting the impact of proposed changes and improvements across picking estate. Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: kr0.19 loss per share (improved from kr0.26 loss in 1Q 2024). Revenue: kr346.6m (down 3.4% from 1Q 2024). Net loss: kr8.30m (loss narrowed 27% from 1Q 2024). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: kr0.71 loss per share (improved from kr0.77 loss in FY 2023). Revenue: kr1.31b (down 2.5% from FY 2023). Net loss: kr31.9m (loss narrowed 6.6% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: kr0.71 loss per share (improved from kr0.77 loss in FY 2023). Revenue: kr1.31b (down 2.5% from FY 2023). Net loss: kr31.9m (loss narrowed 6.6% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 11
Price target decreased by 13% to kr14.00 Down from kr16.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of kr10.40. Stock is down 23% over the past year. The company is forecast to post a net loss per share of kr0.78 next year compared to a net loss per share of kr0.77 last year. Major Estimate Revision • Feb 11
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr1.36b to kr1.30b. Losses expected to increase from kr0.68 per share to kr0.76. Electronic industry in Norway expected to see average net income growth of 35% next year. Consensus price target down from kr16.00 to kr14.00. Share price fell 2.3% to kr10.40 over the past week. Announcement • Nov 06
StrongPoint ASA, Annual General Meeting, Apr 29, 2025 StrongPoint ASA, Annual General Meeting, Apr 29, 2025. Major Estimate Revision • Oct 25
Consensus EPS estimates upgraded to kr0.67 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -kr0.80 to -kr0.67 per share. Revenue forecast unchanged from kr1.36b at last update. Electronic industry in Norway expected to see average net income growth of 36% next year. Consensus price target up from kr15.00 to kr16.00. Share price was steady at kr10.60 over the past week. Reported Earnings • Oct 19
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: kr0.06 (up from kr0.21 loss in 3Q 2023). Revenue: kr313.1m (up 6.9% from 3Q 2023). Net income: kr2.67m (up kr12.0m from 3Q 2023). Profit margin: 0.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Oct 11
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr0.79 to -kr0.87 per share. Revenue forecast unchanged at kr1.36b. Electronic industry in Norway expected to see average net income growth of 39% next year. Consensus price target of kr15.00 unchanged from last update. Share price was steady at kr10.30 over the past week. Recent Insider Transactions • Aug 25
Independent Chairman of the Board recently bought kr245k worth of stock On the 22nd of August, Morthen Johannessen bought around 25k shares on-market at roughly kr9.78 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Morthen has been a buyer over the last 12 months, purchasing a net total of kr275k worth in shares. Major Estimate Revision • Jul 24
Consensus EPS estimates fall by 108% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr1.43b to kr1.37b. Losses expected to increase from kr0.52 per share to kr1.07. Electronic industry in Norway expected to see average net income growth of 48% next year. Consensus price target down from kr16.00 to kr15.00. Share price was steady at kr11.00 over the past week. Reported Earnings • Jul 14
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: kr0.47 loss per share (further deteriorated from kr0.021 loss in 2Q 2023). Revenue: kr297.2m (down 12% from 2Q 2023). Net loss: kr21.2m (loss widened kr20.2m from 2Q 2023). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 09
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr1.52b to kr1.46b. Now expected to report a loss of kr0.48 per share instead of kr0.23 per share profit previously forecast. Electronic industry in Norway expected to see average net income growth of 56% next year. Consensus price target down from kr21.00 to kr16.00. Share price fell 2.2% to kr10.95 over the past week. Price Target Changed • May 04
Price target decreased by 27% to kr16.00 Down from kr22.00, the current price target is provided by 1 analyst. New target price is 43% above last closing price of kr11.20. Stock is down 49% over the past year. The company is forecast to post earnings per share of kr0.23 next year compared to a net loss per share of kr0.77 last year. Reported Earnings • Apr 26
First quarter 2024 earnings released: kr0.26 loss per share (vs kr0.12 profit in 1Q 2023) First quarter 2024 results: kr0.26 loss per share (down from kr0.12 profit in 1Q 2023). Revenue: kr359.0m (down 5.9% from 1Q 2023). Net loss: kr11.4m (down 319% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr0.77 loss per share (down from kr0.66 profit in FY 2022). Revenue: kr1.34b (down 2.2% from FY 2022). Net loss: kr34.2m (down 217% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (kr599.3m market cap, or US$56.5m). Recent Insider Transactions • Feb 13
Chief Financial Officer recently bought kr232k worth of stock On the 12th of February, Marius Drefvelin bought around 17k shares on-market at roughly kr13.63 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Marius' only on-market trade for the last 12 months. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock has risen 3.0% to kr13.85. The fair value is estimated to be kr17.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 15%. Price Target Changed • Feb 07
Price target increased by 22% to kr22.00 Up from kr18.00, the current price target is provided by 1 analyst. New target price is 39% above last closing price of kr15.80. Stock is down 23% over the past year. The company is forecast to post a net loss per share of kr0.47 compared to earnings per share of kr0.66 last year. Major Estimate Revision • Feb 06
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.39b to kr1.33b. Now expected to report a loss of kr0.23 per share instead of kr0.13 per share profit previously forecast. Electronic industry in Norway expected to see average net income growth of 41% next year. Consensus price target of kr22.00 unchanged from last update. Share price was steady at kr16.15 over the past week. Major Estimate Revision • Nov 15
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr1.35b to kr1.39b. Forecast to become profitable, with EPS estimate increasing from -kr0.23 to kr0.13 per share. Electronic industry in Norway expected to see average net income growth of 23% next year. Consensus price target of kr18.00 unchanged from last update. Share price was steady at kr13.40 over the past week. Announcement • Nov 01
StrongPoint ASA (OB:STRO) completed the acquisition of 100% stake in Brand ID Hamari Group Oy for €0.45 million. StrongPoint ASA (OB:STRO) agreed to acquire 100% stake in Brand ID Hamari Group Oy on July 3, 2023. The purchase consideration will be paid 60% in cash and 40% will pay through shares of StrongPoint ASA with a possible extra earn-out based on the financial accounts for the fiscal years 2023 and 2024. The Consideration Shares will be funded by treasury shares and will be subject to a two year lock-up period starting from the closing date. Brand ID Hamari Group generated the revenue of €1.5 million for the year ended 2022. The deal is subject to certain conditions set out in the share purchase agreement and a successful due diligence process. This deal is expected to close by October 31, 2023.
StrongPoint ASA (OB:STRO) completed the acquisition of 100% stake in Brand ID Hamari Group Oy for €0.45 million on October 31, 2023.The purchase price of €0.3 million is paid with potential customary closing balance sheet adjustments. The purchase price has been settled 47% in cash and 53% in shares in StrongPoint, with a possible extra earn-out of up to €0.15 million based on conditions related to financial performance for the fiscal years 2023 and 2024. The Consideration Shares are funded by treasury shares and are subject to a two-year lock-up period from closing. Major Estimate Revision • Oct 31
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.45b to kr1.35b. Now expected to report a loss of kr0.23 per share instead of kr0.41 per share profit previously forecast. Electronic industry in Norway expected to see average net income growth of 19% next year. Consensus price target down from kr23.00 to kr18.00. Share price fell 9.7% to kr13.10 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: kr0.21 loss per share (down from kr0.18 profit in 3Q 2022). Revenue: kr292.9m (down 15% from 3Q 2022). Net loss: kr9.34m (down 216% from profit in 3Q 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Buying Opportunity • Oct 23
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be kr20.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.55b to kr1.50b. EPS estimate also fell from kr1.05 per share to kr0.745 per share. Net income forecast to grow 129% next year vs 20% growth forecast for Electronic industry in Norway. Consensus price target down from kr27.00 to kr23.00. Share price was steady at kr17.45 over the past week. Recent Insider Transactions • Jul 28
Senior Vice President of Spain recently bought kr130k worth of stock On the 27th of July, Lorena Latorre bought around 7k shares on-market at roughly kr19.05 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr495k more in shares than they have sold in the last 12 months. Price Target Changed • Jul 17
Price target decreased by 16% to kr27.00 Down from kr32.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of kr19.10. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of kr1.05 for next year compared to kr0.66 last year. Reported Earnings • Jul 14
Second quarter 2023 earnings released: kr0.021 loss per share (vs kr0.12 profit in 2Q 2022) Second quarter 2023 results: kr0.021 loss per share (down from kr0.12 profit in 2Q 2022). Revenue: kr337.2m (up 5.1% from 2Q 2022). Net loss: kr947.0k (down 118% from profit in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Major Estimate Revision • Jul 12
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.64b to kr1.59b. EPS estimate also fell from kr1.49 per share to kr1.02 per share. Net income forecast to grow 94% next year vs 24% growth forecast for Electronic industry in Norway. Consensus price target down from kr32.00 to kr30.00. Share price was steady at kr20.50 over the past week. Announcement • Jul 04
StrongPoint ASA (OB:STRO) agreed to acquire 100% stake in Brand ID Hamari Group Oy. StrongPoint ASA (OB:STRO) agreed to acquire 100% stake in Brand ID Hamari Group Oy July 3, 2023. The purchase consideration will be paid 60% in cash and 40% will pay through shares of StrongPoint ASA with a possible extra earn-out based on the financial accounts for the fiscal years 2023 and 2024. The Consideration Shares will be funded by treasury shares and will be subject to a two year lock-up period starting from the closing date. Brand ID Hamari Group generated the revenue of €1.5 million for the year ended 2022. The deal is subject to certain conditions set out in the share purchase agreement and a successful due diligence process. This deal is expected to close by October 31, 2023. Recent Insider Transactions • May 08
Senior Vice President of Spain recently bought kr53k worth of stock On the 3rd of May, Lorena Latorre bought around 2k shares on-market at roughly kr21.93 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr596k more in shares than they have sold in the last 12 months. Major Estimate Revision • May 07
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr2.12 to kr1.49. Revenue forecast unchanged from kr1.64b at last update. Net income forecast to grow 148% next year vs 18% growth forecast for Electronic industry in Norway. Consensus price target of kr32.00 unchanged from last update. Share price fell 8.0% to kr21.90 over the past week. Reported Earnings • Apr 30
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: kr0.12 (up from kr0.073 in 1Q 2022). Revenue: kr381.4m (up 27% from 1Q 2022). Net income: kr5.20m (up 64% from 1Q 2022). Profit margin: 1.4% (up from 1.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of kr0.90 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 11 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of Norwegian dividend payers (8.5%). Higher than average of industry peers (1.7%). Major Estimate Revision • Feb 20
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr1.62b to kr1.65b. EPS estimate increased from kr1.53 to kr1.71 per share. Net income forecast to grow 161% next year vs 28% growth forecast for Electronic industry in Norway. Consensus price target of kr34.00 unchanged from last update. Share price rose 2.4% to kr23.80 over the past week. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: kr0.66 (vs kr0.51 in FY 2021) Full year 2022 results: EPS: kr0.66 (up from kr0.51 in FY 2021). Revenue: kr1.37b (up 40% from FY 2021). Net income: kr29.1m (up 30% from FY 2021). Profit margin: 2.1% (down from 2.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to kr24.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in Europe. Total returns to shareholders of 130% over the past three years. Price Target Changed • Nov 16
Price target decreased to kr34.00 Down from kr38.00, the current price target is provided by 1 analyst. New target price is 60% above last closing price of kr21.25. Stock is down 18% over the past year. The company is forecast to post earnings per share of kr0.48 for next year compared to kr0.51 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Ingeborg Hegstad was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: kr0.18 (vs kr0.008 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.18 (up from kr0.008 loss in 3Q 2021). Revenue: kr345.9m (up 76% from 3Q 2021). Net income: kr8.03m (up kr8.38m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Electronic industry in Norway. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 21
Price target decreased to kr33.00 Down from kr39.00, the current price target is provided by 1 analyst. New target price is 101% above last closing price of kr16.38. Stock is down 39% over the past year. The company is forecast to post earnings per share of kr0.53 for next year compared to kr0.51 last year. Major Estimate Revision • Aug 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr0.61 to kr0.54 per share. Revenue forecast steady at kr1.33b. Net income forecast to grow 173% next year vs 24% growth forecast for Electronic industry in Norway. Consensus price target of kr38.00 unchanged from last update. Share price was steady at kr18.90 over the past week. Recent Insider Transactions • Jul 15
Insider recently bought kr138k worth of stock On the 13th of July, Gisle Elvebakken bought around 8k shares on-market at roughly kr18.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr1.27b to kr1.33b. EPS estimate fell from kr0.92 to kr0.69 per share. Net income forecast to grow 165% next year vs 23% growth forecast for Electronic industry in Norway. Consensus price target of kr38.00 unchanged from last update. Share price rose 2.2% to kr17.36 over the past week. Buying Opportunity • Jun 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be kr25.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 50% per annum over the same time period. Reported Earnings • May 01
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: kr0.073 (down from kr0.19 in 1Q 2021). Revenue: kr300.7m (up 21% from 1Q 2021). Net income: kr3.17m (down 62% from 1Q 2021). Profit margin: 1.1% (down from 3.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 20%, compared to a 177% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr1.18b to kr1.20b. EPS estimate fell from kr1.37 to kr1.15 per share. Net income forecast to grow 200% next year vs 23% growth forecast for Electronic industry in Norway. Consensus price target of kr38.00 unchanged from last update. Share price was steady at kr23.15 over the past week. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Ingeborg Hegstad was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.