Techstep (OB:TECH) - Stock Price, News & Analysis

TECH Stock Overview

Operates as a mobile technology company in Norway, Sweden, Denmark, and Poland.

TECH fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 48.1% below our estimate of its fair value

Risk Analysis

Earnings have declined by 17.7% per year over past 5 years

Does not have a meaningful market cap (NOK288M)

Shareholders have been diluted in the past year

Techstep ASA Competitors

Asetek

OB:ASTK

kr615.3m

Huddly

OB:HDLY

kr249.6m

StrongPoint

OB:STRO

kr472.4m

Airthings

OB:AIRX

kr575.5m

Price History & Performance

Summary of all time highs, changes and price drops for Techstep
Historical stock prices
Current Share Price	kr9.10
52 Week High	kr19.00
52 Week Low	kr7.45
Beta	0.98
1 Month Change	-6.95%
3 Month Change	6.20%
1 Year Change	-51.83%
3 Year Change	-79.50%
5 Year Change	-75.07%
Change since IPO	-79.78%

Recent updates

Is Techstep (OB:TECH) Using Too Much Debt?

Oct 03

The Market Doesn't Like What It Sees From Techstep ASA's (OB:TECH) Earnings Yet As Shares Tumble 27%

Jul 14

The Independent Chairman of the Board of Techstep ASA (OB:TECH), Jens Rugseth, Just Bought 2.7% More Shares

Dec 06

Here's Why Techstep (OB:TECH) Can Afford Some Debt

Nov 24

Shareholder Returns

	TECH	NO Tech	NO Market
7D	-3.8%	1.0%	-0.9%
1Y	-51.8%	33.6%	5.5%

Return vs Industry: TECH underperformed the Norwegian Tech industry which returned 33.6% over the past year.

Return vs Market: TECH underperformed the Norwegian Market which returned 5.5% over the past year.

Price Volatility

Is TECH's price volatile compared to industry and market?
TECH volatility
TECH Average Weekly Movement	4.8%
Tech Industry Average Movement	5.6%
Market Average Movement	5.1%
10% most volatile stocks in NO Market	11.0%
10% least volatile stocks in NO Market	3.1%

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

Volatility Over Time: TECH's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	267	Morten Meier	www.techstep.io

Techstep ASA operates as a mobile technology company in Norway, Sweden, Denmark, and Poland. The company offers device lifecycle management, mobile data capture, and mobile device management solutions; strategic and technical advisory services; and unified endpoint, endpoint, and application management services. It also provides mobile devices and accessories; and mobile management and security products.

Techstep ASA Fundamentals Summary

How do Techstep's earnings and revenue compare to its market cap?
TECH fundamental statistics
Market cap	kr287.83m
Earnings (TTM)	-kr39.76m
Revenue (TTM)	kr1.06b

0.3x

P/S Ratio

-7.2x

P/E Ratio

Is TECH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TECH income statement (TTM)
Revenue	kr1.06b
Cost of Revenue	kr621.21m
Gross Profit	kr443.03m
Other Expenses	kr482.79m
Earnings	-kr39.76m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 15, 2024

Earnings per share (EPS)	-1.26
Gross Margin	41.63%
Net Profit Margin	-3.74%
Debt/Equity Ratio	30.6%

How did TECH perform over the long term?

See historical performance and comparison

TECH Stock Overview

Rewards

Risk Analysis

Techstep ASA Competitors

OB:ASTK

kr615.3m

OB:HDLY

kr249.6m

OB:STRO

kr472.4m

OB:AIRX

kr575.5m

Price History & Performance

Recent News & Updates

Techstep ASA Announces Committee Changes

First quarter 2024 earnings released: kr0.40 loss per share (vs kr0.60 loss in 1Q 2023)

Full year 2023 earnings released: kr1.43 loss per share (vs kr2.52 loss in FY 2022)

Techstep Asa Announces CEO Changes

Techstep ASA Appoints David Landerborn as Chief Operating Officer

Techstep ASA, Annual General Meeting, May 27, 2024

Recent updates

Techstep ASA Announces Committee Changes

First quarter 2024 earnings released: kr0.40 loss per share (vs kr0.60 loss in 1Q 2023)

Full year 2023 earnings released: kr1.43 loss per share (vs kr2.52 loss in FY 2022)

Techstep Asa Announces CEO Changes

Techstep ASA Appoints David Landerborn as Chief Operating Officer

Techstep ASA, Annual General Meeting, May 27, 2024

Third quarter 2023 earnings released: kr0.14 loss per share (vs kr0.80 loss in 3Q 2022)

Techstep ASA Announces Executive Changes

Is Techstep (OB:TECH) Using Too Much Debt?

Second quarter 2023 earnings released: kr0.06 loss per share (vs kr1.50 loss in 2Q 2022)

The Market Doesn't Like What It Sees From Techstep ASA's (OB:TECH) Earnings Yet As Shares Tumble 27%

Is Techstep (OB:TECH) Using Too Much Debt?

First quarter 2023 earnings released: kr0.06 loss per share (vs kr0.06 profit in 1Q 2022)

Is Techstep (OB:TECH) Using Debt In A Risky Way?

Full year 2022 earnings released: kr0.25 loss per share (vs kr0.55 loss in FY 2021)

Techstep ASA Appoints Michael Jacobs as New Chairperson to the Board

Techstep ASA Announces CFO Changes, Effective 1 February 2023

Techstep ASA Announces Board Changes

Techstep ASA to Report Q1, 2023 Results on May 11, 2023

Third quarter 2022 earnings released: kr0.08 loss per share (vs kr0.13 loss in 3Q 2021)

Second quarter 2022 earnings released: kr0.15 loss per share (vs kr0.13 loss in 2Q 2021)

Would Techstep (OB:TECH) Be Better Off With Less Debt?

Techstep ASA (OB:TECH) completed the acquisition of Crypho AS from Karbon Invest AS and others.

First quarter 2022 earnings released: EPS: kr0.06 (vs kr0.14 loss in 1Q 2021)

Techstep ASA (OB:TECH) entered an agreement to acquire Crypho AS from Karbon Invest AS and others for NOK 10 million.

Techstep ASA Announces Board Changes

Full year 2021 earnings released: kr0.55 loss per share (vs kr0.14 loss in FY 2020)

Chief Executive Officer recently bought kr1.0m worth of stock

Techstep ASA (OB:TECH) acquired remaining 20% stake in Techstep Finance AS from Bridge Capital AS for NOK 9 million.

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

Chief Executive Officer recently bought kr791k worth of stock

Chief Executive Officer recently bought kr199k worth of stock

Third quarter 2021 earnings released: kr0.13 loss per share (vs kr0.08 loss in 3Q 2020)

Insider recently bought kr2.1m worth of stock

Second quarter 2021 earnings released: kr0.13 loss per share (vs kr0.02 profit in 2Q 2020)

Chief Executive Officer recently bought kr101k worth of stock

Chief Executive Officer Jens Haviken has left the company

Techstep ASA (OB:TECH) completed the acquisition of Famoc S.A.

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

Techstep ASA (OB:TECH) signed an agreement to acquire Famoc S.A. for approximately NOK 110 million.

Is Techstep (OB:TECH) A Risky Investment?

First quarter 2021 earnings released: kr0.14 loss per share (vs kr0.02 loss in 1Q 2020)

Independent Vice Chairman Einar Greve has left the company

Independent Director has left the company

Full year 2020 earnings released: kr0.15 loss per share (vs kr0.40 loss in FY 2019)

Have Insiders Been Buying Techstep ASA (OB:TECH) Shares This Year?

Full year 2020 earnings released: kr0.15 loss per share (vs kr0.40 loss in FY 2019)

New 90-day high: kr5.40

What Type Of Shareholders Own The Most Number of Techstep ASA (OB:TECH) Shares?

New 90-day low: kr4.50

Techstep ASA, Annual General Meeting, Apr 21, 2022

Techstep (OB:TECH) Shareholders Have Enjoyed A 55% Share Price Gain

The Independent Chairman of the Board of Techstep ASA (OB:TECH), Jens Rugseth, Just Bought 2.7% More Shares

Independent Chairman of the Board recently bought kr2.5m worth of stock

Here's Why Techstep (OB:TECH) Can Afford Some Debt

Third quarter 2020 earnings released: kr0.08 loss per share

New 90-day high: kr5.40

Techstep ASA (OB:TECH) completed the acquisition of Optidev AB.

New 90-day high: kr5.25