ATEA ASA (ATEA.OL) Fundamental Analysis & Valuation

OSL:ATEA • NO0004822503

143.8 NOK
+0.4 (+0.28%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ATEA.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall ATEA gets a fundamental rating of 5 out of 10. We evaluated ATEA against 75 industry peers in the IT Services industry. ATEA has an average financial health and profitability rating. ATEA has a correct valuation and a medium growth rate. ATEA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. ATEA.OL Profitability Analysis

1.1 Basic Checks

  • In the past year ATEA was profitable.
  • ATEA had a positive operating cash flow in the past year.
  • In the past 5 years ATEA has always been profitable.
  • ATEA had a positive operating cash flow in each of the past 5 years.
ATEA.OL Yearly Net Income VS EBIT VS OCF VS FCFATEA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • ATEA has a Return On Assets (4.11%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 19.33%, ATEA is in the better half of the industry, outperforming 78.67% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 16.16%, ATEA belongs to the top of the industry, outperforming 90.67% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ATEA is above the industry average of 11.55%.
  • The last Return On Invested Capital (16.16%) for ATEA is above the 3 year average (15.38%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.11%
ROE 19.33%
ROIC 16.16%
ROA(3y)4.02%
ROA(5y)4.31%
ROE(3y)18.67%
ROE(5y)20.09%
ROIC(3y)15.38%
ROIC(5y)15.89%
ATEA.OL Yearly ROA, ROE, ROICATEA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • ATEA has a Profit Margin of 2.35%. This is in the lower half of the industry: ATEA underperforms 60.00% of its industry peers.
  • ATEA's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ATEA (3.71%) is worse than 62.67% of its industry peers.
  • In the last couple of years the Operating Margin of ATEA has grown nicely.
  • ATEA's Gross Margin of 29.59% is on the low side compared to the rest of the industry. ATEA is outperformed by 68.00% of its industry peers.
  • ATEA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 3.71%
PM (TTM) 2.35%
GM 29.59%
OM growth 3Y0.13%
OM growth 5Y11.22%
PM growth 3Y-3.54%
PM growth 5Y9.48%
GM growth 3Y2.11%
GM growth 5Y7.25%
ATEA.OL Yearly Profit, Operating, Gross MarginsATEA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. ATEA.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ATEA is creating value.
  • The number of shares outstanding for ATEA has been reduced compared to 1 year ago.
  • Compared to 5 years ago, ATEA has more shares outstanding
  • ATEA has a better debt/assets ratio than last year.
ATEA.OL Yearly Shares OutstandingATEA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
ATEA.OL Yearly Total Debt VS Total AssetsATEA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • ATEA has an Altman-Z score of 2.74. This is not the best score and indicates that ATEA is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ATEA has a Altman-Z score of 2.74. This is comparable to the rest of the industry: ATEA outperforms 60.00% of its industry peers.
  • ATEA has a debt to FCF ratio of 2.83. This is a good value and a sign of high solvency as ATEA would need 2.83 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.83, ATEA is in the better half of the industry, outperforming 64.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.38 indicates that ATEA is not too dependend on debt financing.
  • ATEA has a Debt to Equity ratio of 0.38. This is comparable to the rest of the industry: ATEA outperforms 53.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 2.83
Altman-Z 2.74
ROIC/WACC2.02
WACC8.01%
ATEA.OL Yearly LT Debt VS Equity VS FCFATEA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • ATEA has a Current Ratio of 0.94. This is a bad value and indicates that ATEA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.94, ATEA is not doing good in the industry: 74.67% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.87 indicates that ATEA may have some problems paying its short term obligations.
  • ATEA's Quick ratio of 0.87 is on the low side compared to the rest of the industry. ATEA is outperformed by 74.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.87
ATEA.OL Yearly Current Assets VS Current LiabilitesATEA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ATEA.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.39% over the past year.
  • The Earnings Per Share has been growing slightly by 4.09% on average over the past years.
  • Looking at the last year, ATEA shows a quite strong growth in Revenue. The Revenue has grown by 8.08% in the last year.
  • ATEA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.10% yearly.
EPS 1Y (TTM)7.39%
EPS 3Y0.78%
EPS 5Y4.09%
EPS Q2Q%13.73%
Revenue 1Y (TTM)8.08%
Revenue growth 3Y4.88%
Revenue growth 5Y-1.1%
Sales Q2Q%6.01%

3.2 Future

  • ATEA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.87% yearly.
  • ATEA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.73% yearly.
EPS Next Y34.06%
EPS Next 2Y22.87%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.89%
Revenue Next 2Y6.63%
Revenue Next 3Y7.73%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ATEA.OL Yearly Revenue VS EstimatesATEA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B
ATEA.OL Yearly EPS VS EstimatesATEA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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4

4. ATEA.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.51, which indicates a rather expensive current valuation of ATEA.
  • Compared to the rest of the industry, the Price/Earnings ratio of ATEA is on the same level as its industry peers.
  • ATEA is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • ATEA is valuated correctly with a Price/Forward Earnings ratio of 13.80.
  • ATEA's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of ATEA to the average of the S&P500 Index (24.57), we can say ATEA is valued slightly cheaper.
Industry RankSector Rank
PE 18.51
Fwd PE 13.8
ATEA.OL Price Earnings VS Forward Price EarningsATEA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ATEA.
  • ATEA's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ATEA is more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.93
EV/EBITDA 7.72
ATEA.OL Per share dataATEA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • ATEA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of ATEA may justify a higher PE ratio.
  • ATEA's earnings are expected to grow with 22.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)4.53
EPS Next 2Y22.87%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ATEA.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.23%, ATEA is a good candidate for dividend investing.
  • ATEA's Dividend Yield is rather good when compared to the industry average which is at 2.52. ATEA pays more dividend than 86.67% of the companies in the same industry.
  • ATEA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.23%

5.2 History

  • On average, the dividend of ATEA grows each year by 6.83%, which is quite nice.
Dividend Growth(5Y)6.83%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 88.84% of the earnings are spent on dividend by ATEA. This is not a sustainable payout ratio.
  • The dividend of ATEA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP88.84%
EPS Next 2Y22.87%
EPS Next 3YN/A
ATEA.OL Yearly Income VS Free CF VS DividendATEA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ATEA.OL Dividend Payout.ATEA.OL Dividend Payout, showing the Payout Ratio.ATEA.OL Dividend Payout.PayoutRetained Earnings

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ATEA.OL Fundamentals: All Metrics, Ratios and Statistics

ATEA ASA

OSL:ATEA (3/6/2026, 7:00:00 PM)

143.8

+0.4 (+0.28%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners53.69%
Inst Owner ChangeN/A
Ins Owners0.39%
Ins Owner ChangeN/A
Market Cap16.16B
Revenue(TTM)37.38B
Net Income(TTM)878.00M
Analysts80
Price Target175.15 (21.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.23%
Yearly Dividend6.99
Dividend Growth(5Y)6.83%
DP88.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.69%
Min EPS beat(2)-0.61%
Max EPS beat(2)5.99%
EPS beat(4)1
Avg EPS beat(4)-13.86%
Min EPS beat(4)-35.11%
Max EPS beat(4)5.99%
EPS beat(8)3
Avg EPS beat(8)-7.34%
EPS beat(12)5
Avg EPS beat(12)-5.88%
EPS beat(16)6
Avg EPS beat(16)-5.27%
Revenue beat(2)1
Avg Revenue beat(2)-1%
Min Revenue beat(2)-3.95%
Max Revenue beat(2)1.95%
Revenue beat(4)1
Avg Revenue beat(4)-3.59%
Min Revenue beat(4)-8.86%
Max Revenue beat(4)1.95%
Revenue beat(8)2
Avg Revenue beat(8)-6.41%
Revenue beat(12)2
Avg Revenue beat(12)-8.01%
Revenue beat(16)2
Avg Revenue beat(16)-11.43%
PT rev (1m)0.65%
PT rev (3m)3.07%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE 18.51
Fwd PE 13.8
P/S 0.43
P/FCF 20.93
P/OCF 13.42
P/B 3.56
P/tB N/A
EV/EBITDA 7.72
EPS(TTM)7.77
EY5.4%
EPS(NY)10.42
Fwd EY7.24%
FCF(TTM)6.87
FCFY4.78%
OCF(TTM)10.71
OCFY7.45%
SpS332.59
BVpS40.41
TBVpS-6.57
PEG (NY)0.54
PEG (5Y)4.53
Graham Number84.05
Profitability
Industry RankSector Rank
ROA 4.11%
ROE 19.33%
ROCE 20.94%
ROIC 16.16%
ROICexc 21.3%
ROICexgc N/A
OM 3.71%
PM (TTM) 2.35%
GM 29.59%
FCFM 2.07%
ROA(3y)4.02%
ROA(5y)4.31%
ROE(3y)18.67%
ROE(5y)20.09%
ROIC(3y)15.38%
ROIC(5y)15.89%
ROICexc(3y)21.03%
ROICexc(5y)21.12%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)19.93%
ROCE(5y)20.59%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-1.68%
ROICexc growth 5Y2.6%
OM growth 3Y0.13%
OM growth 5Y11.22%
PM growth 3Y-3.54%
PM growth 5Y9.48%
GM growth 3Y2.11%
GM growth 5Y7.25%
F-Score8
Asset Turnover1.75
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 2.83
Debt/EBITDA 0.79
Cap/Depr 55.46%
Cap/Sales 1.16%
Interest Coverage 250
Cash Conversion 55.64%
Profit Quality 87.93%
Current Ratio 0.94
Quick Ratio 0.87
Altman-Z 2.74
F-Score8
WACC8.01%
ROIC/WACC2.02
Cap/Depr(3y)53.38%
Cap/Depr(5y)55.62%
Cap/Sales(3y)1.11%
Cap/Sales(5y)1.14%
Profit Quality(3y)163.76%
Profit Quality(5y)133.4%
High Growth Momentum
Growth
EPS 1Y (TTM)7.39%
EPS 3Y0.78%
EPS 5Y4.09%
EPS Q2Q%13.73%
EPS Next Y34.06%
EPS Next 2Y22.87%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.08%
Revenue growth 3Y4.88%
Revenue growth 5Y-1.1%
Sales Q2Q%6.01%
Revenue Next Year6.89%
Revenue Next 2Y6.63%
Revenue Next 3Y7.73%
Revenue Next 5YN/A
EBIT growth 1Y14.46%
EBIT growth 3Y5.01%
EBIT growth 5Y10%
EBIT Next Year78.11%
EBIT Next 3Y28.34%
EBIT Next 5YN/A
FCF growth 1Y-51.81%
FCF growth 3Y6.84%
FCF growth 5Y-6.11%
OCF growth 1Y-40.63%
OCF growth 3Y5.34%
OCF growth 5Y-2.8%

ATEA ASA / ATEA.OL FAQ

Can you provide the ChartMill fundamental rating for ATEA ASA?

ChartMill assigns a fundamental rating of 5 / 10 to ATEA.OL.


What is the valuation status of ATEA ASA (ATEA.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to ATEA ASA (ATEA.OL). This can be considered as Fairly Valued.


What is the profitability of ATEA stock?

ATEA ASA (ATEA.OL) has a profitability rating of 6 / 10.


Can you provide the financial health for ATEA stock?

The financial health rating of ATEA ASA (ATEA.OL) is 4 / 10.


Can you provide the expected EPS growth for ATEA stock?

The Earnings per Share (EPS) of ATEA ASA (ATEA.OL) is expected to grow by 34.06% in the next year.