Financials Atea ASA

Equities

ATEA

NO0004822503

IT Services & Consulting

Market Closed - Oslo Bors 15:45:00 03/05/2024 BST 5-day change 1st Jan Change
142.6 NOK +1.13% Intraday chart for Atea ASA +3.18% +10.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,107 13,257 18,290 12,608 14,351 15,897 - -
Enterprise Value (EV) 1 13,450 14,324 18,459 13,689 15,312 16,469 16,218 14,820
P/E ratio 26.9 x 22.8 x 24.5 x 15.1 x 18.1 x 15.2 x 13.9 x 11.1 x
Yield 5.05% 5.36% 3.35% 5.48% 5.42% 5.05% 5.7% 6.31%
Capitalization / Revenue 0.38 x 0.34 x 0.44 x 0.39 x 0.41 x 0.46 x 0.4 x 0.4 x
EV / Revenue 0.37 x 0.36 x 0.45 x 0.42 x 0.44 x 0.47 x 0.41 x 0.37 x
EV / EBITDA 10.1 x 9.57 x 11.1 x 7.56 x 7.93 x 7.8 x 6.87 x 5.64 x
EV / FCF 8.18 x 13.4 x 22.4 x 19.3 x 9.83 x 9.48 x 9.08 x 7.4 x
FCF Yield 12.2% 7.45% 4.46% 5.18% 10.2% 10.6% 11% 13.5%
Price to Book 4.59 x 3.98 x 5.18 x 3.38 x 3.46 x 3.5 x 3.32 x 2.9 x
Nbr of stocks (in thousands) 109,701 109,382 111,522 110,598 111,076 111,478 - -
Reference price 2 128.6 121.2 164.0 114.0 129.2 142.6 142.6 142.6
Announcement Date 06/02/20 09/02/21 08/02/22 09/02/23 08/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,655 39,503 41,316 32,397 34,704 34,851 39,663 39,552
EBITDA 1 1,335 1,497 1,660 1,811 1,932 2,111 2,360 2,629
EBIT 1 747 854 1,046 1,196 1,244 1,396 1,612 1,876
Operating Margin 2.04% 2.16% 2.53% 3.69% 3.58% 4.01% 4.07% 4.74%
Earnings before Tax (EBT) 1 657 749.3 942 1,084 1,021 1,332 1,493 1,810
Net income 1 530 590 763 851 800 1,055 1,148 1,440
Net margin 1.45% 1.49% 1.85% 2.63% 2.31% 3.03% 2.89% 3.64%
EPS 2 4.780 5.320 6.700 7.570 7.140 9.390 10.27 12.80
Free Cash Flow 1 1,644 1,067 824 709 1,558 1,738 1,786 2,003
FCF margin 4.49% 2.7% 1.99% 2.19% 4.49% 4.99% 4.5% 5.06%
FCF Conversion (EBITDA) 123.15% 71.29% 49.64% 39.15% 80.64% 82.33% 75.7% 76.19%
FCF Conversion (Net income) 310.19% 180.85% 107.99% 83.31% 194.75% 164.74% 155.61% 139.1%
Dividend per Share 2 6.500 6.500 5.500 6.250 7.000 7.200 8.128 9.000
Announcement Date 06/02/20 09/02/21 08/02/22 09/02/23 08/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 11,863 10,085 12,180 8,082 9,820 8,692 8,870 7,743 9,399 7,606 9,642 8,738 11,494
EBITDA 1 560 330 432.7 439 609 418 467 468 579 436 576 565 738
EBIT 402.6 183 281 284 449 250 291.2 298 405 255.7 - - -
Operating Margin 3.39% 1.81% 2.31% 3.51% 4.57% 2.88% 3.28% 3.85% 4.31% 3.36% - - -
Earnings before Tax (EBT) 1 365.2 163 282.2 247 391.2 224 249.4 237 310.7 245.4 340 327 500
Net income 307 131 222 196 303 175 194.1 182 250 192 - - -
Net margin 2.59% 1.3% 1.82% 2.43% 3.09% 2.01% 2.19% 2.35% 2.66% 2.52% - - -
EPS 2.700 1.160 1.980 1.750 2.700 1.570 1.730 1.620 2.220 1.710 - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 08/02/22 28/04/22 14/07/22 20/10/22 09/02/23 27/04/23 18/07/23 19/10/23 08/02/24 25/04/24 - - -
1NOK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,067 169 1,081 961 117 - -
Net Cash position 1 657 - - - - - 132 1,077
Leverage (Debt/EBITDA) - 0.7129 x 0.1018 x 0.5969 x 0.4974 x 0.0554 x - -
Free Cash Flow 1 1,644 1,067 824 709 1,558 1,738 1,787 2,003
ROE (net income / shareholders' equity) 16.8% 18.3% 22.1% 23.4% 20.2% 24% 24.7% 27.3%
ROA (Net income/ Total Assets) 3.56% 3.74% 4.68% 5.02% 4.38% 5.17% 5.57% -
Assets 1 14,868 15,771 16,316 16,956 18,247 20,398 20,606 -
Book Value Per Share 2 28.00 30.50 31.70 33.70 37.40 40.80 43.00 49.10
Cash Flow per Share 2 17.40 12.50 9.990 9.250 16.80 18.50 21.80 20.80
Capex 1 252 321 319 397 322 337 436 340
Capex / Sales 0.69% 0.81% 0.77% 1.23% 0.93% 0.97% 1.1% 0.86%
Announcement Date 06/02/20 09/02/21 08/02/22 09/02/23 08/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
142.6 NOK
Average target price
150 NOK
Spread / Average Target
+5.19%
Consensus