Market Cap
US$1.2b
Last Updated
2020/02/28 01:08 UTC
Data Sources
Company Financials +
Executive Summary
Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Atea's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATAZ.F has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
ATAZ.F
-12.1%
US IT
-10.6%
US Market
1 Year Return
n/a
ATAZ.F
16.7%
US IT
5.2%
US Market
Return vs Industry: Insufficient data to determine how ATAZ.F performed against the US IT industry.
Return vs Market: Insufficient data to determine how ATAZ.F performed against the US Market.
Shareholder returns
| ATAZ.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -12.1% | -10.6% |
| 30 Day | 0% | -9.0% | -8.5% |
| 90 Day | 4.5% | -2.0% | -4.6% |
| 1 Year | n/a | 17.9%16.7% | 7.4%5.2% |
| 3 Year | 37.1%37.1% | 82.2%74.4% | 31.7%23.2% |
| 5 Year | 35.8%35.8% | 119.6%100.4% | 56.4%39.3% |
Price Volatility Vs. Market
How volatile is Atea's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Atea undervalued compared to its fair value and its price relative to the market?
17.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATAZ.F ($14.6) is trading below our estimate of fair value ($17.33)
Significantly Below Fair Value: ATAZ.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATAZ.F is good value based on its PE Ratio (22.1x) compared to the IT industry average (30x).
PE vs Market: ATAZ.F is poor value based on its PE Ratio (22.1x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: ATAZ.F is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: ATAZ.F is good value based on its PB Ratio (3.8x) compared to the US IT industry average (3.8x).
Next Steps
Future Growth
How is Atea forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
21.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATAZ.F's forecast earnings growth (21.1% per year) is above the savings rate (1.7%).
Earnings vs Market: ATAZ.F's earnings (21.1% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATAZ.F's revenue (4.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: ATAZ.F's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATAZ.F's Return on Equity is forecast to be high in 3 years time (29.6%)
Next Steps
Past Performance
How has Atea performed over the past 5 years?
5.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATAZ.F has high quality earnings.
Growing Profit Margin: ATAZ.F's current net profit margins (1.4%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: ATAZ.F's earnings have grown by 5.6% per year over the past 5 years.
Accelerating Growth: ATAZ.F's earnings growth over the past year (13.5%) exceeds its 5-year average (5.6% per year).
Earnings vs Industry: ATAZ.F earnings growth over the past year (13.5%) exceeded the IT industry 12%.
Return on Equity
High ROE: ATAZ.F's Return on Equity (17.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Atea's financial position?
Financial Position Analysis
Short Term Liabilities: ATAZ.F's short term assets (NOK8.8B) do not cover its short term liabilities (NOK10.3B).
Long Term Liabilities: ATAZ.F's short term assets (NOK8.8B) exceed its long term liabilities (NOK1.5B).
Debt to Equity History and Analysis
Debt Level: ATAZ.F's debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: ATAZ.F's debt to equity ratio has increased from 32.1% to 36.2% over the past 5 years.
Debt Coverage: ATAZ.F's debt is well covered by operating cash flow (170.6%).
Interest Coverage: ATAZ.F's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Inventory Level: ATAZ.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: ATAZ.F's debt is covered by short term assets (assets are 8x debt).
Next Steps
Dividend
What is Atea's current dividend yield, its reliability and sustainability?
6.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ATAZ.F's dividend (6.07%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: ATAZ.F's dividend (6.07%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: ATAZ.F's dividends per share have been stable in the past 10 years.
Growing Dividend: ATAZ.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (134.1%), ATAZ.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATAZ.F's dividends in 3 years are forecast to be covered by earnings (84.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
Steinar Sonsteby (57yo)
6.1yrs
Tenure
kr7,231,500
Compensation
Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since February 2014 and served as its President and Acting Managing Director of Atea Norway AS until March 11, 2016. He serves as the D ...
CEO Compensation Analysis
Compensation vs Market: Steinar's total compensation ($USD771.48K) is below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Steinar's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.1yrs | kr7.23m | 0.0018% NOK22.5k | |
| Chief Financial Officer | 5.5yrs | kr3.53m | 0.013% NOK160.8k | |
| Senior Vice President of Supply Chain Management | 3.1yrs | kr4.49m | no data | |
| Senior Vice President | 2.8yrs | kr3.35m | 0.0020% NOK24.7k | |
| Managing Director of Atea Finland OY (Finland) | 11.8yrs | kr796.93k | no data | |
| Managing Director of Atea Baltic UAB (the Baltics) | 0yrs | kr315.00k | 0.091% NOK1.1m | |
| Managing Director of Atea Sverige AB (Sweden) | 9.1yrs | kr12.55m | 0.013% NOK157.1k | |
| Managing Director of Atea AS (Norway) | 3.9yrs | kr10.17m | no data | |
| Group Chief Accountant | 0yrs | no data | 0.0050% NOK61.7k | |
| Managing Director of Atea Denmark | 0.08yrs | no data | no data |
4.7yrs
Average Tenure
52yo
Average Age
Experienced Management: ATAZ.F's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 9.8yrs | no data | 0.00091% NOK11.2k | |
| Alternate Director | 0yrs | no data | no data | |
| Chairman of the Board | 0yrs | no data | 25% NOK308.5m | |
| Director | 5.8yrs | no data | no data | |
| Director | 11.8yrs | no data | no data | |
| Director | 0yrs | no data | 0.0059% NOK72.9k | |
| Director | 3.4yrs | no data | 0.00070% NOK8.6k | |
| Director | 6.8yrs | no data | no data | |
| Director | 4.8yrs | no data | 0.0011% NOK13.4k | |
| Deputy Board Member | 1.8yrs | no data | no data |
5.8yrs
Average Tenure
55yo
Average Age
Experienced Board: ATAZ.F's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATAZ.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Atea ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Atea ASA
- Ticker: ATAZ.F
- Exchange: OTCPK
- Founded: 1968
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: kr11.591b
- Listing Market Cap: kr1.234b
- Shares outstanding: 109.97m
- Website: https://www.atea.com
Number of Employees
Location
- Atea ASA
- Brynsalléen 2
- Oslo
- Oslo
- 667
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATEA | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | May 1989 |
| MKL | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 1989 |
| 0JWO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | May 1989 |
| ATAZ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 1989 |
| ATEAO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | May 1989 |
Biography
Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. The company provides hardware and software solutions for storing and managing information, as well as tools for virtualization, automation, and security for operating the data center environment; client hardware, software, and services to the requirements of users, applications, security, networks, and computing environments. It also offers hardware and software solutions for running networks, and services to help customers manage their communications; and a range of products to enable collaboration through conferencing, information sharing, and digital productivity solutions. In addition, it provides Device as a Service to various concepts, such as videoconferencing, digital signage, and networks. The company was founded in 1968 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/28 01:08 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.