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TECHSTEP ASA (TECH.OL) Stock Fundamental Analysis

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

11.1  +0.25 (+2.3%)

Fundamental Rating

2

TECH gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 26 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the profitability and financial health of TECH have multiple concerns. TECH is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year TECH has reported negative net income.
TECH had a positive operating cash flow in the past year.
In the past 5 years TECH always reported negative net income.
TECH had a positive operating cash flow in each of the past 5 years.
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

The Return On Assets of TECH (-4.29%) is comparable to the rest of the industry.
TECH has a Return On Equity (-8.75%) which is comparable to the rest of the industry.
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

With a decent Gross Margin value of 42.10%, TECH is doing good in the industry, outperforming 73.08% of the companies in the same industry.
In the last couple of years the Gross Margin of TECH has grown nicely.
The Profit Margin and Operating Margin are not available for TECH so they could not be analyzed.
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.
The number of shares outstanding for TECH has been increased compared to 1 year ago.
Compared to 5 years ago, TECH has less shares outstanding
TECH has a better debt/assets ratio than last year.
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

TECH has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.20, TECH belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.74%
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

TECH has a Current 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 has a Current ratio of 0.48. This is amonst the worse of the industry: TECH underperforms 88.46% of its industry peers.
A Quick Ratio of 0.47 indicates that TECH may have some problems paying its short term obligations.
The Quick ratio of TECH (0.47) is worse than 84.62% 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

The earnings per share for TECH have decreased by -7.92% in the last year.
The Revenue has grown by 21.95% in the past year. This is a very strong growth!
The Revenue has been decreasing by -1.07% on average over the past years.
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

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.
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 2020 2021 2022 2023 2024 2025 2026 0 1 -1 -2

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TECH. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 6.05, the valuation of TECH can be described as very cheap.
Based on the Price/Forward Earnings ratio, TECH is valued cheaper than 92.31% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TECH to the average of the S&P500 Index (21.44), we can say TECH is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 6.05
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

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TECH indicates a rather cheap valuation: TECH is cheaper than 88.46% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.75
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

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A cheap valuation may be justified as TECH's earnings are expected to decrease with -94.20% in the coming years.
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

TECH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TECHSTEP ASA

OSL:TECH (4/23/2025, 7:00:00 PM)

11.1

+0.25 (+2.3%)

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 Cap381.95M
Analysts82.86
Price Target27.54 (148.11%)
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 6.05
P/S 0.29
P/FCF N/A
P/OCF 2.8
P/B 0.66
P/tB N/A
EV/EBITDA 3.75
EPS(TTM)-1.58
EYN/A
EPS(NY)1.84
Fwd EY16.54%
FCF(TTM)-0.61
FCFYN/A
OCF(TTM)3.97
OCFY35.73%
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
WACC8.74%
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%