OM:ICTA

Stock Analysis Report

Executive Summary

ICTA AB (publ) operates in digital technology, data, design, and mobile game businesses primarily in North America and Europe.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ICTA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

17.7%

ICTA

1.2%

SE Professional Services

0.4%

SE Market


1 Year Return

-23.5%

ICTA

49.2%

SE Professional Services

21.6%

SE Market

Return vs Industry: ICTA underperformed the Swedish Professional Services industry which returned 46.1% over the past year.

Return vs Market: ICTA underperformed the Swedish Market which returned 21.8% over the past year.


Shareholder returns

ICTAIndustryMarket
7 Day17.7%1.2%0.4%
30 Day17.7%3.0%2.7%
90 Day12.2%21.2%10.1%
1 Year87.0%-23.5%66.4%49.2%26.5%21.6%
3 Yearn/a74.2%45.3%37.4%16.7%
5 Yearn/a145.3%92.5%46.5%15.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ICTA 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: ICTA (SEK6.9) is trading below our estimate of fair value (SEK53.82)

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


Price To Earnings Ratio

PE vs Industry: ICTA is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.

PE vs Market: ICTA is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ICTA is good value based on its PB Ratio (0.7x) compared to the SE Professional Services industry average (2.9x).


Next Steps

Future Growth

How is ICTA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.4%

Forecasted Commercial Services 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 ICTA 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

Past Performance

How has ICTA performed over the past 5 years?

-41.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICTA is currently unprofitable.

Growing Profit Margin: ICTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ICTA is unprofitable, and losses have increased over the past 5 years at a rate of -41.8% per year.

Accelerating Growth: Unable to compare ICTA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ICTA is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-16.7%).


Return on Equity

High ROE: ICTA has a negative Return on Equity (-21.29%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ICTA's financial position?


Financial Position Analysis

Short Term Liabilities: ICTA's short term assets (SEK111.3M) do not cover its short term liabilities (SEK130.8M).

Long Term Liabilities: ICTA's short term assets (SEK111.3M) exceed its long term liabilities (SEK15.6M).


Debt to Equity History and Analysis

Debt Level: ICTA's debt to equity ratio (58%) is considered high.

Reducing Debt: ICTA's debt to equity ratio has increased from 14.9% to 58% over the past 5 years.


Balance Sheet

Inventory Level: ICTA has a low level of unsold assets or inventory.

Debt Coverage by Assets: ICTA's debt is covered by short term assets (assets are 1.3x debt).


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: Whilst unprofitable ICTA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ICTA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.6% per year.


Next Steps

Dividend

What is ICTA's current dividend yield, its reliability and sustainability?


Upcoming Dividend Payment

TodayFeb 19 2020Ex Dividend DateApr 17 2020Dividend Pay DateApr 23 20206 days from Ex DividendBuy in the next 58 days to receive upcoming dividend

Dividend Yield vs Market

company0%marketbottom25%1.6%markettop25%4.3%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ICTA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ICTA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: ICTA is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.1yrs

Average board tenure


CEO

ICTA has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Per Nilsson
Director2.1yrskr55.00k2.74% SEK2.8m
Pål Hodann
Director8.1yrskr110.00kno data
Erik Åfors
Chairman of the Board2.1yrskr83.00kno data
Ole Andersen
Director6.1yrskr110.00k0.29% SEK289.8k

4.1yrs

Average Tenure

52.5yo

Average Age

Experienced Board: ICTA's board of directors are considered experienced (4.1 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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 52.6%.


Top Shareholders

Company Information

ICTA AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ICTA AB (publ)
  • Ticker: ICTA
  • Exchange: OM
  • Founded:
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: kr100.803m
  • Shares outstanding: 14.61m
  • Website: https://www.icta.se

Location

  • ICTA AB (publ)
  • Birger Jarlsgatan 57 A
  • 7 tr.
  • Stockholm
  • Stockholm County
  • 113 56
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICTAOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKOct 2017
ICTASBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKOct 2017
0RVFLSE (London Stock Exchange)YesCommon SharesGBSEKOct 2017

Biography

ICTA AB (publ) operates in digital technology, data, design, and mobile game businesses primarily in North America and Europe. The company offers data insights, design, and development for digital solutions to inform, entertain, and convert customers; and transcend between advertising, design, UX, social media, creative tech, and gaming, as well as operates game studio located. The company was formerly known as Intellecta AB (publ). ICTA AB (publ) is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 23:15
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.