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Infront

OB:INFRNT
Snowflake Description

High growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INFRNT
OB
NOK1B
Market Cap
  1. Home
  2. NO
  3. Diversified Financials
Company description

Infront ASA provides market data, trading solutions, and news for finance professionals and private investors in Norway, Sweden, and internationally. The last earnings update was 89 days ago. More info.


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INFRNT Share Price and Events
7 Day Returns
-5.5%
OB:INFRNT
-0.4%
Europe Capital Markets
-1.7%
NO Market
1 Year Returns
4.3%
OB:INFRNT
4.9%
Europe Capital Markets
-3.3%
NO Market
INFRNT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Infront (INFRNT) -5.5% 8.1% 18.8% 4.3% - -
Europe Capital Markets -0.4% 2.5% 9.6% 4.9% 1.9% -15.3%
NO Market -1.7% 0.9% 6.8% -3.3% 20.8% 18.5%
1 Year Return vs Industry and Market
  • INFRNT matched the Capital Markets industry (4.9%) over the past year.
  • INFRNT outperformed the Market in Norway which returned -3.3% over the past year.
Price Volatility
INFRNT
Industry
5yr Volatility vs Market

INFRNT Value

 Is Infront undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Infront to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Infront.

OB:INFRNT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK5.30 * 9.1%
NOK0.48
Book Value of Equity per Share Median Book Value from the past 5 years. NOK5.30
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:INFRNT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 23%) (103.45%))
1.236
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.236 * 5.96%)
9.13%

Discounted Cash Flow Calculation for OB:INFRNT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Infront is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:INFRNT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.1% – 9.13%) * NOK5.30)
NOK0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK0.00 / (9.13% - 1.76%)
NOK-0.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK5.30 + NOK-0.01
NOK5.29
OB:INFRNT Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK5.29
Current discount Discount to share price of NOK24.00
= -1 x (NOK24.00 - NOK5.29) / NOK5.29
-353.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Infront is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Infront's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Infront's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:INFRNT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-0.04
OB:INFRNT Share Price ** OB (2019-11-19) in NOK NOK24
Europe Capital Markets Industry PE Ratio Median Figure of 130 Publicly-Listed Capital Markets Companies 21.43x
Norway Market PE Ratio Median Figure of 141 Publicly-Listed Companies 13.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Infront.

OB:INFRNT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:INFRNT Share Price ÷ EPS (both in NOK)

= 24 ÷ -0.04

-591.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infront is loss making, we can't compare its value to the Europe Capital Markets industry average.
  • Infront is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Infront's expected growth come at a high price?
Raw Data
OB:INFRNT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -591.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
86.7%per year
Europe Capital Markets Industry PEG Ratio Median Figure of 57 Publicly-Listed Capital Markets Companies 1.49x
Norway Market PEG Ratio Median Figure of 106 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Infront, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Infront's assets?
Raw Data
OB:INFRNT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK8.65
OB:INFRNT Share Price * OB (2019-11-19) in NOK NOK24
Europe Capital Markets Industry PB Ratio Median Figure of 229 Publicly-Listed Capital Markets Companies 1.29x
Norway Market PB Ratio Median Figure of 234 Publicly-Listed Companies 1.07x
OB:INFRNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:INFRNT Share Price ÷ Book Value per Share (both in NOK)

= 24 ÷ 8.65

2.77x

* Primary Listing of Infront.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infront is overvalued based on assets compared to the Europe Capital Markets industry average.
X
Value checks
We assess Infront's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Infront has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

INFRNT Future Performance

 How is Infront expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
86.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Infront expected to grow at an attractive rate?
  • Infront's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Infront's earnings growth is expected to exceed the Norway market average.
  • Infront's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:INFRNT Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:INFRNT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 86.7%
OB:INFRNT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 37.7%
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 16%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Norway Market Earnings Growth Rate Market Cap Weighted Average 21.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:INFRNT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:INFRNT Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,209 165 95 1
2020-12-31 1,159 132 64 1
2019-12-31 782 236 19 1
2019-11-19
OB:INFRNT Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 349 20 -1
2019-03-31 312 50 15
2018-12-31 276 37 17
2018-09-30 271 33 25
2018-06-30 270 37 22
2018-03-31 266 19 15
2017-12-31 254 33 4
2017-09-30 241 30 2
2017-06-30 225 32 4
2017-03-31 215 34 11
2016-12-31 210 30 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Infront's earnings are expected to grow significantly at over 20% yearly.
  • Infront's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:INFRNT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Infront Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:INFRNT Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.22 2.22 2.22 1.00
2020-12-31 1.51 1.51 1.51 1.00
2019-12-31 0.50 0.50 0.50 1.00
2019-11-19
OB:INFRNT Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 -0.04
2019-03-31 0.57
2018-12-31 0.64
2018-09-30 1.45
2018-06-30 1.31
2018-03-31 0.93
2017-12-31 0.36
2017-09-30 0.10
2017-06-30 0.25
2017-03-31 0.63
2016-12-31 0.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Infront will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Infront's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Infront has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

INFRNT Past Performance

  How has Infront performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Infront's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Infront does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Infront's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Infront's 1-year growth to the Europe Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Infront's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Infront Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:INFRNT Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 348.90 -1.09 10.10
2019-03-31 311.95 14.85 10.10
2018-12-31 276.04 16.53 10.10
2018-09-30 271.12 24.79 11.30
2018-06-30 270.28 22.43 11.30
2018-03-31 265.72 15.01 11.30
2017-12-31 253.60 3.68 11.30
2017-09-30 240.84 1.72 8.40
2017-06-30 225.40 4.14 8.40
2017-03-31 215.38 10.58 8.40
2016-12-31 210.37 12.80 8.40
2015-12-31 193.05 6.28 6.50
2013-12-31 170.87 7.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Infront has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Infront used its assets less efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Infront improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Infront's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Infront has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

INFRNT Health

 How is Infront's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Infront's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Infront is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Infront's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Infront's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Infront Company Filings, last reported 4 months ago.

OB:INFRNT Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 374.77 1,039.94 1,283.82
2019-03-31 153.76 60.27 83.51
2018-12-31 147.02 60.27 86.95
2018-09-30 146.39 0.00 96.99
2018-06-30 140.46 0.00 101.70
2018-03-31 147.24 0.00 103.90
2017-12-31 137.74 0.00 122.80
2017-09-30 132.33 0.11 115.60
2017-06-30 36.12 7.70 29.60
2017-03-31 36.59 8.04 26.51
2016-12-31 40.77 1.70 37.57
2015-12-31 24.24 0.00 37.55
2013-12-31 17.26 3.86 37.14
  • Infront's level of debt (277.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.3% vs 277.5% today).
  • Debt is not well covered by operating cash flow (1.9%, less than 20% of total debt).
  • Infront is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Infront's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Infront has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

INFRNT Dividends

 What is Infront's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Infront dividends. Estimated to be 0% next year.
If you bought NOK2,000 of Infront shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Infront's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Infront's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:INFRNT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 107 Stocks 3.3%
Norway Market Average Dividend Yield Market Cap Weighted Average of 112 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.6%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:INFRNT Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-11-19
OB:INFRNT Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-08-22 0.000 0.000
2019-05-07 0.000 0.000
2019-04-12 0.000 0.000
2019-02-12 0.000 0.000
2018-04-06 0.400 1.490

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Infront has not reported any payouts.
  • Unable to verify if Infront's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Infront's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Infront has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Infront's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Infront's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Infront afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Infront has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

INFRNT Management

 What is the CEO of Infront's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kristian Nesbak
COMPENSATION NOK2,232,247
CEO Bio

Mr. Kristian Nesbak is the Owner of CatalystOne AS, a subsidiary of Infront AS. Mr. Nesbak co-founded Infront AS in 1998 and serves as its Chief Executive Officer. He has 15 years of experience from the financial and IT industry. He co-founded Falcon and a market leader in financial information services in Norway and Sweden. He was responsible for Internet products in the Nordic countries. Mr. Nesbak serves as the Chairman and a Board Member of CatalystOne AS. He served as a Director at Infront AS until April 19, 2017.

CEO Compensation
  • Kristian's compensation has increased whilst company is loss making.
  • Kristian's remuneration is lower than average for companies of similar size in Norway.
Management Team

Kristian Nesbak

TITLE
Co-Founder & CEO
COMPENSATION
NOK2M

Morten Lindeman

TITLE
Co-Founder & Chief Innovation Officer
COMPENSATION
NOK2M
TENURE
21.8 yrs

Max Hofer

TITLE
Chief Financial Officer
COMPENSATION
NOK2M

Joachim Rosli

TITLE
Co-Owner & Head of Sales
COMPENSATION
NOK1M
TENURE
3.8 yrs

Hallvard Vassbotn

TITLE
Head of Front-end Development

Ken Riggio

TITLE
Chief Executive Officer of Infront Sweden
Board of Directors Tenure

Average tenure and age of the Infront board of directors in years:

2.6
Average Tenure
48
Average Age
  • The average tenure for the Infront board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gunnar Jacobsen

TITLE
Chairman
AGE
42

Mark Ivin

TITLE
Independent Director
AGE
54
TENURE
2.6 yrs

Beate Nygårdshaug

TITLE
Independent Director
AGE
42
TENURE
2.6 yrs

Torun Reinhammar

TITLE
Independent Director
AGE
56
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
10. May 19 Buy Lu Yu Individual 10. May 19 10. May 19 5,000 NOK21.00 NOK105,000
09. May 19 Buy Joachim Rosli Individual 09. May 19 09. May 19 10,000 NOK21.00 NOK210,000
X
Management checks
We assess Infront's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Infront has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

INFRNT News

Simply Wall St News

Who Has Been Buying Infront ASA (OB:INFRNT) Shares?

Infront insiders may have bought shares in the last year, but they didn't sell any. … OB:INFRNT Recent Insider Trading, August 6th 2019 Insiders at Infront Have Bought Stock Recently We saw some Infront insider buying shares in the last three months. … Insider Ownership of Infront I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

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What Kind Of Investor Owns Most Of Infront ASA (OB:INFRNT)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … View our latest analysis for Infront OB:INFRNT Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Infront? … Insider Ownership Of Infront While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

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Here's Why Infront (OB:INFRNT) Can Manage Its Debt Responsibly

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. … While Infront has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Over the last three years, Infront recorded free cash flow worth a fulsome 86% of its EBIT, which is stronger than we'd usually expect.

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Should Infront ASA (OB:INFRNT) Be Part Of Your Income Portfolio?

Dividend paying stocks like Infront ASA (OB:INFRNT) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Infront has only been paying a dividend for a year or so, so investors might be curious about its 2.3% yield.

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Does The Data Make Infront ASA (OB:INFRNT) An Attractive Investment?

Infront ASA (OB:INFRNT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of INFRNT, it

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Why Infront ASA's (OB:INFRNT) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Infront ASA's (OB:INFRNT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Why Infront ASA's (OB:INFRNT) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Infront ASA's (OB:INFRNT) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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An Examination Of Infront ASA (OB:INFRNT)

Attractive stocks have exceptional fundamentals. … In the case of Infront ASA (OB:INFRNT), there's. … If you're interested in understanding beyond my high-level commentary,

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What Infront ASA’s (OB:INFRNT) Insiders Know That You Don't

some insider selling over the past three months, with insiders divesting from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal. … The MIT Press (1998) published an article showing that stocks following insider selling underperformed the market by 2.7%

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Does Infront ASA's (OB:INFRNT) July Stock Price Reflect Its Future Growth?

Infront ASA (OB:INFRNT) is considered a high-growth stock, but its last closing price of NOK28.5 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s look into this by assessing INFRNT's expected growth over the next few years. … One reason why investors are attracted to INFRNT is the high growth potential in the near future

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INFRNT Company Info

Description

Infront ASA provides market data, trading solutions, and news for finance professionals and private investors in Norway, Sweden, and internationally. It offers the Infront Professional terminal, a terminal that provides real-time market data, news, analytics, and electronic trading within the financial markets; Infront Analytics platform, which offers fundamental analysis, combined with business valuation and equity analysis tools; Infront Data, an internal provider of data on market expectations and company information; retail trading solutions; and news agency services. The company was founded in 1998 and is headquartered in Oslo, Norway.

Details
Name: Infront ASA
INFRNT
Exchange: OB
Founded: 1998
NOK1,039,914,240
43,329,760
Website: http://www.infrontfinance.com
Address: Infront ASA
Munkedamsveien 45,
Oslo,
Oslo, 0250,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB INFRNT Share Capital Oslo Bors NO NOK 29. Sep 2017
LSE 0TD1 Share Capital London Stock Exchange GB NOK 29. Sep 2017
Number of employees
Current staff
Staff numbers
148
Infront employees.
Industry
Financial Exchanges and Data
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 22:18
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/08/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.