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TECHSTEP ASA (TECH.OL) Stock Fundamental Analysis

OSL:TECH - Euronext Oslo - NO0012916131 - Common Stock - Currency: NOK

12.2  +0.4 (+3.39%)

Fundamental Rating

2

Overall TECH gets a fundamental rating of 2 out of 10. We evaluated TECH against 28 industry peers in the Technology Hardware, Storage & Peripherals industry. TECH may be in some trouble as it scores bad on both profitability and health. TECH is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year TECH has reported negative net income.
In the past year TECH had a positive cash flow from operations.
TECH had negative earnings in each of the past 5 years.
Each year in the past 5 years TECH had a positive operating cash flow.
TECH.OL Yearly Net Income VS EBIT VS OCF VS FCFTECH.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M 150M

1.2 Ratios

With a Return On Assets value of -4.29%, TECH is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
TECH has a Return On Equity (-8.75%) which is in line with its industry peers.
Industry RankSector Rank
ROA -4.29%
ROE -8.75%
ROIC N/A
ROA(3y)-3.98%
ROA(5y)-4.37%
ROE(3y)-8.8%
ROE(5y)-9.88%
ROIC(3y)N/A
ROIC(5y)N/A
TECH.OL Yearly ROA, ROE, ROICTECH.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

TECH's Gross Margin of 42.10% is fine compared to the rest of the industry. TECH outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of TECH has grown nicely.
TECH does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.1%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.76%
GM growth 5Y11.05%
TECH.OL Yearly Profit, Operating, Gross MarginsTECH.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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2

2. Health

2.1 Basic Checks

TECH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TECH has more shares outstanding
TECH has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TECH has been reduced compared to a year ago.
TECH.OL Yearly Shares OutstandingTECH.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
TECH.OL Yearly Total Debt VS Total AssetsTECH.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

A Debt/Equity ratio of 0.20 indicates that TECH is not too dependend on debt financing.
The Debt to Equity ratio of TECH (0.20) is better than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.02%
TECH.OL Yearly LT Debt VS Equity VS FCFTECH.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 0.48 indicates that TECH may have some problems paying its short term obligations.
The Current ratio of TECH (0.48) is worse than 85.71% of its industry peers.
TECH has a Quick Ratio of 0.48. This is a bad value and indicates that TECH is not financially healthy enough and could expect problems in meeting its short term obligations.
TECH's Quick ratio of 0.47 is on the low side compared to the rest of the industry. TECH is outperformed by 82.14% of its industry peers.
Industry RankSector Rank
Current Ratio 0.48
Quick Ratio 0.47
TECH.OL Yearly Current Assets VS Current LiabilitesTECH.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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2

3. Growth

3.1 Past

TECH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.92%.
Looking at the last year, TECH shows a very strong growth in Revenue. The Revenue has grown by 21.95%.
TECH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.07% yearly.
EPS 1Y (TTM)-7.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.64%
Revenue 1Y (TTM)21.95%
Revenue growth 3Y-6.33%
Revenue growth 5Y-1.07%
Sales Q2Q%15.66%

3.2 Future

Based on estimates for the next years, TECH will show a very negative growth in Earnings Per Share. The EPS will decrease by -94.20% on average per year.
The Revenue is expected to decrease by -0.13% on average over the next years.
EPS Next Y28.57%
EPS Next 2Y-94.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.58%
Revenue Next 2Y-0.13%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TECH.OL Yearly Revenue VS EstimatesTECH.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B
TECH.OL Yearly EPS VS EstimatesTECH.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 -1 -2

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4

4. Valuation

4.1 Price/Earnings Ratio

TECH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
TECH is valuated cheaply with a Price/Forward Earnings ratio of 6.64.
78.57% of the companies in the same industry are more expensive than TECH, based on the Price/Forward Earnings ratio.
TECH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
Industry RankSector Rank
PE N/A
Fwd PE 6.64
TECH.OL Price Earnings VS Forward Price EarningsTECH.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TECH is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.95
TECH.OL Per share dataTECH.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

TECH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TECH's earnings are expected to decrease with -94.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-94.2%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for TECH!.
Industry RankSector Rank
Dividend Yield N/A

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TECHSTEP ASA

OSL:TECH (3/7/2025, 7:00:00 PM)

12.2

+0.4 (+3.39%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)02-14 2025-02-14/amc
Earnings (Next)05-16 2025-05-16
Inst Owners14.59%
Inst Owner ChangeN/A
Ins Owners2.1%
Ins Owner ChangeN/A
Market Cap419.80M
Analysts82.86
Price Target27.54 (125.74%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.64
P/S 0.32
P/FCF N/A
P/OCF 3.08
P/B 0.73
P/tB N/A
EV/EBITDA 3.95
EPS(TTM)-1.58
EYN/A
EPS(NY)1.84
Fwd EY15.05%
FCF(TTM)-0.61
FCFYN/A
OCF(TTM)3.97
OCFY32.51%
SpS38.61
BVpS16.81
TBVpS-5.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.29%
ROE -8.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.1%
FCFM N/A
ROA(3y)-3.98%
ROA(5y)-4.37%
ROE(3y)-8.8%
ROE(5y)-9.88%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.76%
GM growth 5Y11.05%
F-Score5
Asset Turnover1.13
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Debt/EBITDA 0.86
Cap/Depr 86.2%
Cap/Sales 11.86%
Interest Coverage N/A
Cash Conversion 102.08%
Profit Quality N/A
Current Ratio 0.48
Quick Ratio 0.47
Altman-Z N/A
F-Score5
WACC8.02%
ROIC/WACCN/A
Cap/Depr(3y)93.78%
Cap/Depr(5y)102.19%
Cap/Sales(3y)14.22%
Cap/Sales(5y)13.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.64%
EPS Next Y28.57%
EPS Next 2Y-94.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)21.95%
Revenue growth 3Y-6.33%
Revenue growth 5Y-1.07%
Sales Q2Q%15.66%
Revenue Next Year4.58%
Revenue Next 2Y-0.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-34.6%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year875%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-337.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.26%
OCF growth 3Y1.92%
OCF growth 5Y21.72%