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

Fundamentals

Mediocre balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

70.4%

ICTA

0.4%

SE Professional Services

2.1%

SE Market


1 Year Return

77.4%

ICTA

6.1%

SE Professional Services

12.1%

SE Market

Return vs Industry: ICTA exceeded the Swedish Professional Services industry which returned 6.1% over the past year.

Return vs Market: ICTA exceeded the Swedish Market which returned 12.1% over the past year.


Shareholder returns

ICTAIndustryMarket
7 Day70.4%0.4%2.1%
30 Day66.5%-4.3%1.6%
90 Day54.2%-7.7%3.7%
1 Year77.4%77.4%18.5%6.1%16.8%12.1%
3 Yearn/a43.9%20.1%32.2%12.4%
5 Yearn/a122.3%74.2%62.8%28.3%

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?

28.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICTA (SEK12.95) is trading below our estimate of fair value (SEK18.19)

Significantly Below Fair Value: ICTA is trading below fair value, but not by a significant amount.


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 (1.4x) compared to the SE Professional Services industry average (2.6x).


Next Steps

Future Growth

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

23.7%

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?

-8.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ICTA is unprofitable, and losses have increased over the past 5 years at a rate of -8.9% 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 (-10.2%).


Return on Equity

High ROE: ICTA has a negative Return on Equity (-25.15%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ICTA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ICTA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ICTA's financial position?


Financial Position Analysis

Short Term Liabilities: ICTA's short term assets (SEK106.1M) do not cover its short term liabilities (SEK132.7M)

Long Term Liabilities: ICTA's short term assets (106.1M) exceeds its long term liabilities (16.8M)


Debt to Equity History and Analysis

Debt Level: ICTA's debt to equity ratio (61.4%) is considered high

Reducing Debt: ICTA's debt to equity ratio has increased from 14.2% to 61.4% 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 1.250250x 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, even with free cash flow being positive and shrinking by -18.1% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.8%markettop25%4.6%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of ICTA's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average board tenure


CEO

Michael Koefoed Drejer (41yo)

0yrs

Tenure

kr277,500

Compensation

Mr. Michael Koefoed Steensborg Drejer serves as CEO, President and Member of Management Board at ICTA AB (publ). He serves as Global Chief Executive Officer and Managing Director of Propeople Group ApS at  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Michael Koefoed's total compensation is reasonable compared to companies of similar size in the Swedish market.

Compensation vs Earnings: Insufficient data to compare Michael Koefoed's compensation with company performance.


Board Age and Tenure

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: ICTA's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buykr39,97318 Feb 19
Ole Andersen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max Pricekr7.99

Ownership Breakdown


Management Team

  • Zofia Hansson (67yo)

    CFO & Member of the Management Board

    • Tenure: 0yrs
  • Michael Koefoed Drejer (41yo)

    CEO, President & Member of the Management Board

    • Tenure: 0yrs
    • Compensation: kr277.50k
  • Anders Borg (61yo)

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Per Nilsson (44yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: kr55.00k
  • Pål Hodann (46yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: kr110.00k
  • Erik Åfors (59yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: kr83.00k
  • Ole Andersen (61yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr110.00k

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: kr189.187m
  • 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

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 solution ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 22:15
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.