Executive Summary
Techstep ASA provides digital workplace services in Norway and Sweden. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Share Price & News
How has Techstep's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TECH is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: TECH's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
TECH
-9.0%
NO Tech
1.1%
NO Market
1 Year Return
55.9%
TECH
106.4%
NO Tech
39.7%
NO Market
Return vs Industry: TECH underperformed the Norwegian Tech industry which returned 95.5% over the past year.
Return vs Market: TECH exceeded the Norwegian Market which returned 26.1% over the past year.
Shareholder returns
| TECH | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -9.0% | 1.1% |
| 30 Day | 1.3% | -9.1% | 2.9% |
| 90 Day | -11.2% | 11.0% | 13.0% |
| 1 Year | 55.9%55.9% | 108.9%106.4% | 45.1%39.7% |
| 3 Year | 39.9%39.9% | 82.3%75.2% | 19.5%5.7% |
| 5 Year | n/a | 218.3%193.5% | 78.0%43.7% |
Long-Term Price Volatility Vs. Market
How volatile is Techstep's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Techstep ASA (OB:TECH) Shares?2 months ago | Simply Wall St
Techstep (OB:TECH) Shareholders Have Enjoyed A 55% Share Price Gain3 months ago | Simply Wall St
The Independent Chairman of the Board of Techstep ASA (OB:TECH), Jens Rugseth, Just Bought 2.7% More SharesValuation
Is Techstep 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: TECH (NOK4.66) is trading below our estimate of fair value (NOK15.88)
Significantly Below Fair Value: TECH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TECH is unprofitable, so we can't compare its PE Ratio to the XE Tech industry average.
PE vs Market: TECH is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TECH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TECH is good value based on its PB Ratio (1.5x) compared to the XE Tech industry average (1.8x).
Next Steps
Future Growth
How is Techstep forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
5.2%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Techstep has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Techstep is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Techstep competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has Techstep performed over the past 5 years?
-0.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TECH is currently unprofitable.
Growing Profit Margin: TECH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TECH is unprofitable, and losses have increased over the past 5 years at a rate of 0.3% per year.
Accelerating Growth: Unable to compare TECH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TECH is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-10.3%).
Return on Equity
High ROE: TECH has a negative Return on Equity (-4.18%), as it is currently unprofitable.
Next Steps
Financial Health
How is Techstep's financial position?
Financial Position Analysis
Short Term Liabilities: TECH's short term assets (NOK292.0M) do not cover its short term liabilities (NOK445.0M).
Long Term Liabilities: TECH's short term assets (NOK292.0M) exceed its long term liabilities (NOK190.7M).
Debt to Equity History and Analysis
Debt Level: TECH's debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: TECH's debt to equity ratio has reduced from 628.1% to 34.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TECH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TECH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Techstep current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TECH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TECH'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 TECH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TECH'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 TECH'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?
2.9yrs
Average management tenure
CEO
Jens Haviken (54 yo)
2.92yrs
Tenure
kr3,949,000
Compensation
Mr. Jens Haviken serves as Chief Executive Officer at Techstep ASA since joining on April 01, 2018. He served as Vice President of Services & Solutions at Dustin AB (publ) and Dustin Group AB (publ) from S...
CEO Compensation Analysis
Compensation vs Market: Jens's total compensation ($USD460.00K) is about average for companies of similar size in the Norwegian market ($USD368.03K).
Compensation vs Earnings: Jens's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.92yrs | kr3.95m | 0.055% NOK 472.0k | |
| Chief Financial Officer | no data | kr3.41m | 0.022% NOK 188.8k | |
| Chief Innovation Officer | no data | kr2.59m | 0.0027% NOK 23.7k | |
| Chief Commercial Officer | 3.42yrs | kr1.88m | no data | |
| Managing Director of Norway | 1.58yrs | kr2.33m | 0.082% NOK 708.0k |
2.9yrs
Average Tenure
Experienced Management: TECH's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Vice Chairman | no data | kr433.00k | 2.71% NOK 23.5m | |
| Independent Director | 2.92yrs | kr250.00k | 0.98% NOK 8.5m | |
| Independent Chairman of the Board | no data | kr365.00k | 10.61% NOK 91.8m | |
| Independent Director | 2.92yrs | kr285.00k | no data | |
| Independent Director | 5.17yrs | kr300.00k | 0.30% NOK 2.6m |
2.9yrs
Average Tenure
58yo
Average Age
Experienced Board: TECH's board of directors are not considered experienced ( 2.9 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: 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.6%.
Top Shareholders
Company Information
Techstep ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Techstep ASA
- Ticker: TECH
- Exchange: OB
- Founded: NaN
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: kr865.146m
- Shares outstanding: 183.29m
- Website: https://www.techstepasa.no
Number of Employees
Location
- Techstep ASA
- BrynsallEen 4
- Oslo
- Oslo
- 667
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TECH | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Feb 2012 |
| TECHO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Feb 2012 |
| B1T | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2012 |
Biography
Techstep ASA provides digital workplace services in Norway and Sweden. It offers mobile hardware, service, support, and mobility consultancy services; and software as a service telecom expense management m...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 17:20 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.