Buy Or Sell Opportunity • Jun 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to kr13.75. The fair value is estimated to be kr11.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 3.8% in the next 2 years. Buy Or Sell Opportunity • Jun 04
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at kr13.25. The fair value is estimated to be kr10.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 3.8% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr12.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Machinery industry in the United Kingdom. Total returns to shareholders of 46% over the past year. Board Change • May 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Employee Representative Director Hakon Sjak-Braek was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
First quarter 2026 earnings released: EPS: kr0.36 (vs kr0.22 in 1Q 2025) First quarter 2026 results: EPS: kr0.36 (up from kr0.22 in 1Q 2025). Revenue: kr172.2m (down 12% from 1Q 2025). Net income: kr10.7m (up 70% from 1Q 2025). Profit margin: 6.2% (up from 3.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in the United Kingdom. Board Change • May 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Employee Representative Director Hakon Sjak-Braek was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Employee Representative Director Hakon Sjak-Braek was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: kr1.03 (vs kr0.57 in FY 2024) Full year 2025 results: EPS: kr1.03 (up from kr0.57 in FY 2024). Revenue: kr724.0m (up 1.0% from FY 2024). Net income: kr29.8m (up 82% from FY 2024). Profit margin: 4.1% (up from 2.3% in FY 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Board Change • Mar 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 14
Goodtech ASA announces Annual dividend Goodtech ASA announced Annual dividend of NOK 0.5000 per share, ex-date on May 04, 2026 and record date on May 05, 2026. Duyuru • Jan 05
Goodtech ASA, Annual General Meeting, Apr 30, 2026 Goodtech ASA, Annual General Meeting, Apr 30, 2026. Board Change • Dec 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Benedicte Grieg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Employee Representative Director Peter Strandberg was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Jan 07
Goodtech ASA, Annual General Meeting, Apr 24, 2025 Goodtech ASA, Annual General Meeting, Apr 24, 2025. Board Change • May 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Jan 10
Goodtech ASA to Report Q4, 2023 Results on Feb 23, 2024 Goodtech ASA announced that they will report Q4, 2023 results on Feb 23, 2024 Board Change • Dec 22
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 0.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (kr288.8m market cap, or US$25.9m). New Risk • Oct 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (kr305.5m market cap, or US$27.6m). Board Change • Oct 13
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Recent Insider Transactions • Aug 31
Director recently bought kr141k worth of stock On the 29th of August, Karl-Erik Staubo bought around 13k shares on-market at roughly kr10.85 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr500k. Insiders have collectively bought kr1.7m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: kr0.07 (vs kr0.003 in 2Q 2022) Second quarter 2023 results: EPS: kr0.07 (up from kr0.003 in 2Q 2022). Revenue: kr213.7m (up 34% from 2Q 2022). Net income: kr1.90m (up kr1.81m from 2Q 2022). Profit margin: 0.9% (up from 0.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Duyuru • Aug 17
Goodtech ASA (OB:GOD) agreed to acquire Business unit from Skala Prosessteknikk AS. Goodtech ASA (OB:GOD) agreed to acquire Business unit from Skala Prosessteknikk AS on August 16, 2023. The takeover will take place no later than October 1, 2023. Board Change • Aug 10
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 23
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Frode Haugli was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Frode Haugli was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.