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Atea

OB:ATEA
Snowflake Description

High growth potential with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATEA
OB
NOK13B
Market Cap
  1. Home
  2. NO
  3. Software
Company description

Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. The last earnings update was 64 days ago. More info.


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ATEA Share Price and Events
7 Day Returns
3.5%
OB:ATEA
2.1%
NO IT
2.6%
NO Market
1 Year Returns
-6%
OB:ATEA
-0.5%
NO IT
-9.1%
NO Market
ATEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atea (ATEA) 3.5% 6.4% -1.5% -6% 50.2% 65.9%
NO IT 2.1% 5.3% 2.8% -0.5% 48% 99%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • ATEA underperformed the IT industry which returned -0.5% over the past year.
  • ATEA outperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
ATEA
Industry
5yr Volatility vs Market

ATEA Value

 Is Atea 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 Atea 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 Atea.

OB:ATEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:ATEA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.964 (1 + (1- 23%) (16.21%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.056 * 5.96%)
8.06%

Discounted Cash Flow Calculation for OB:ATEA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atea is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:ATEA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 8.06%)
2020 1,180.33 Analyst x3 1,092.34
2021 1,262.33 Analyst x3 1,081.14
2022 1,139.16 Est @ -9.76% 902.92
2023 1,067.37 Est @ -6.3% 782.95
2024 1,025.91 Est @ -3.88% 696.44
2025 1,003.44 Est @ -2.19% 630.41
2026 993.35 Est @ -1.01% 577.55
2027 991.61 Est @ -0.18% 533.55
2028 995.62 Est @ 0.4% 495.78
2029 1,003.70 Est @ 0.81% 462.54
Present value of next 10 years cash flows NOK7,255.00
OB:ATEA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK1,003.70 × (1 + 1.76%) ÷ (8.06% – 1.76%)
NOK16,224.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK16,224.89 ÷ (1 + 8.06%)10
NOK7,477.05
OB:ATEA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK7,255.00 + NOK7,477.05
NOK14,732.05
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK14,732.05 / 109.41
NOK134.65
OB:ATEA Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK134.65
Current discount Discount to share price of NOK119.00
= -1 x (NOK119.00 - NOK134.65) / NOK134.65
11.6%

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

Current Discount
Amount off the current price Atea is available for.
Intrinsic value
12%
Share price is NOK119 vs Future cash flow value of NOK134.65
Current Discount Checks
For Atea to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atea's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Atea's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Atea's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atea's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:ATEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK4.35
OB:ATEA Share Price ** OB (2019-09-13) in NOK NOK119
Norway IT Industry PE Ratio Median Figure of 6 Publicly-Listed IT Companies 18.12x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

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

** Primary Listing of Atea.

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

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

= 119 ÷ 4.35

27.37x

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

  • Atea is overvalued based on earnings compared to the NO IT industry average.
  • Atea is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Atea's expected growth come at a high price?
Raw Data
OB:ATEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
22.3%per year
Europe IT Industry PEG Ratio Median Figure of 85 Publicly-Listed IT Companies 1.32x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

OB:ATEA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.37x ÷ 22.3%

1.23x

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

  • Atea is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Atea's assets?
Raw Data
OB:ATEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK27.11
OB:ATEA Share Price * OB (2019-09-13) in NOK NOK119
Norway IT Industry PB Ratio Median Figure of 6 Publicly-Listed IT Companies 4.62x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:ATEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 119 ÷ 27.11

4.39x

* Primary Listing of Atea.

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

  • Atea is good value based on assets compared to the NO IT industry average.
X
Value checks
We assess Atea'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Atea has a total score of 1/6, 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.

ATEA Future Performance

 How is Atea expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
22.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atea expected to grow at an attractive rate?
  • Atea's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Atea's earnings growth is expected to exceed the Norway market average.
  • Atea's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:ATEA Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:ATEA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 22.3%
OB:ATEA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.7%
Norway IT Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:ATEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:ATEA Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 42,784 1,312 1
2021-12-31 40,669 1,628 963 4
2020-12-31 38,943 1,491 847 4
2019-12-31 37,196 1,189 661 4
2019-09-14
OB:ATEA Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 35,896 2,481 473
2019-03-31 35,508 1,307 459
2018-12-31 34,709 946 467
2018-09-30 34,552 426 528
2018-06-30 34,108 811 561
2018-03-31 33,418 717 561
2017-12-31 32,438 1,238 543
2017-09-30 31,519 1,237 569
2017-06-30 31,268 1,200 536
2017-03-31 31,302 1,524 522
2016-12-31 31,188 1,404 512
2016-09-30 30,698 1,099 453

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atea's earnings are expected to grow significantly at over 20% yearly.
  • Atea's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (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:ATEA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Atea Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ATEA Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 12.07 12.07 12.07 1.00
2021-12-31 8.80 10.16 7.84 4.00
2020-12-31 7.73 8.38 6.77 4.00
2019-12-31 5.94 6.39 5.24 3.00
2019-09-14
OB:ATEA Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 4.35
2019-03-31 4.24
2018-12-31 4.32
2018-09-30 4.89
2018-06-30 5.21
2018-03-31 5.23
2017-12-31 5.07
2017-09-30 5.35
2017-06-30 5.07
2017-03-31 4.96
2016-12-31 4.88
2016-09-30 4.31

*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.
  • Atea is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Atea'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 Norway 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.
Atea 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.

ATEA Past Performance

  How has Atea 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 Atea's growth in the last year to its industry (IT).
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.
  • Atea's year on year earnings growth rate has been positive over the past 5 years.
  • Atea's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Atea's 1-year earnings growth is negative, it can't be compared to the NO IT industry average.
Earnings and Revenue History
Atea'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 Atea Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ATEA 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 35,896.00 473.00 491.00
2019-03-31 35,508.00 459.00 462.00
2018-12-31 34,709.00 467.00 359.00
2018-09-30 34,552.00 528.00 648.00
2018-06-30 34,108.00 561.00 544.00
2018-03-31 33,418.00 561.00 464.00
2017-12-31 32,438.00 543.00 367.00
2017-09-30 31,519.00 569.00 4,009.00
2017-06-30 31,268.00 536.00 2,905.00
2017-03-31 31,302.00 522.00 1,587.00
2016-12-31 31,188.00 512.00 333.00
2016-09-30 30,698.00 453.00 366.00
2016-06-30 30,253.00 429.00 361.00
2016-03-31 28,652.00 384.00 351.00
2015-12-31 27,904.00 393.00 348.00
2015-09-30 26,847.00 377.00 315.00
2015-06-30 26,062.00 397.00 316.00
2015-03-31 25,201.70 426.50 322.90
2014-12-31 24,588.00 429.00 321.00
2014-09-30 23,884.60 410.30 8.70
2014-06-30 23,375.30 371.90 14.00
2014-03-31 22,895.30 355.90 7.10
2013-12-31 22,095.80 338.60
2013-09-30 21,571.10 424.10 12.30
2013-06-30 21,357.90 452.90
2013-03-31 21,195.90 481.20
2012-12-31 20,930.30 507.50
2012-09-30 21,128.70 543.60

*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.
  • Atea has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Atea used its assets less efficiently than the NO IT industry average last year based on Return on Assets.
  • Atea has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Atea'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 IT 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.
Atea has a total score of 2/6, 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.

ATEA Health

 How is Atea'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 Atea's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atea's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Atea's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Atea'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 7.2x 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 Atea Company Filings, last reported 2 months ago.

OB:ATEA Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,966.00 1,027.00 739.00
2019-03-31 3,201.00 1,172.00 552.00
2018-12-31 3,237.00 681.00 765.00
2018-09-30 2,814.00 1,950.00 24.00
2018-06-30 3,057.00 1,654.00 59.00
2018-03-31 3,361.00 1,162.00 294.00
2017-12-31 3,373.00 877.00 1,126.00
2017-09-30 2,928.00 1,399.00 52.00
2017-06-30 3,196.00 1,511.00 18.00
2017-03-31 3,320.00 1,166.00 467.00
2016-12-31 3,200.00 1,023.00 883.00
2016-09-30 2,832.00 1,881.00 155.00
2016-06-30 3,185.00 1,900.00 116.00
2016-03-31 3,487.00 1,431.00 139.00
2015-12-31 3,480.00 1,085.00 635.00
2015-09-30 3,183.00 1,872.00 172.00
2015-06-30 2,908.00 1,800.00 298.00
2015-03-31 3,531.80 1,325.20 464.20
2014-12-31 3,549.00 1,141.00 594.00
2014-09-30 3,383.70 1,044.70 290.00
2014-06-30 3,369.40 1,016.50 463.80
2014-03-31 3,573.50 1,140.80 514.30
2013-12-31 3,532.80 979.40 747.40
2013-09-30 3,644.40 957.60 1.10
2013-06-30 3,524.30 1,055.60 283.90
2013-03-31 3,976.10 430.40 166.70
2012-12-31 3,815.80 46.80 180.80
2012-09-30 3,561.20 1,046.10 162.40
  • Atea's level of debt (34.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.4% vs 34.6% today).
  • Debt is well covered by operating cash flow (241.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess Atea'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. Atea has a total score of 4/6, 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.

ATEA Dividends

 What is Atea'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
5.46%
Current annual income from Atea dividends. Estimated to be 6.12% next year.
If you bought NOK2,000 of Atea shares you are expected to receive NOK109 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?
  • Atea's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Atea's dividend is below the markets top 25% of dividend payers in Norway (6.47%).
Upcoming dividend payment

Purchase Atea before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:ATEA 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 4 Analyst Estimates (S&P Global) See Below
Norway IT Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

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

OB:ATEA Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 9.50 1.00
2021-12-31 7.44 4.00
2020-12-31 7.06 4.00
2019-12-31 6.81 4.00
2019-09-14
OB:ATEA Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-20 6.500 5.472
2019-02-07 6.500 5.336
2018-03-15 6.500 5.453
2018-02-07 6.500 5.225
2017-03-21 6.500 6.074
2017-02-08 6.500 7.014
2016-04-26 6.500 8.226
2015-03-19 6.500 8.490
2015-02-05 6.500 7.417
2014-04-08 6.000 8.267
2014-02-06 6.000 9.467
2013-05-02 5.500 9.077
2012-03-30 5.000 8.483
2012-02-02 5.000 7.622
2011-04-07 2.000 3.731
2011-01-17 2.000 3.310
2010-01-15 1.250 2.662
2010-01-04 1.250 2.605
2009-07-15 1.000 2.779
2009-04-14 1.000 4.508
2009-02-04 1.000 6.298

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Atea's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Atea's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Atea afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atea has a total score of 4/6, see the detailed checks below.


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

ATEA Management

 What is the CEO of Atea'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
Steinar Sonsteby
COMPENSATION NOK7,231,500
AGE 57
TENURE AS CEO 5.7 years
CEO Bio

Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since February 2014 and served as its President and Acting Managing Director of Atea Norway AS until March 11, 2016. He serves as the Director of Fjordkraft Holding ASA since March 21, 2018. Mr. Sonsteby served as an Executive Senior Vice President of Sales and Product at Atea ASA since October 1, 2012. He served as the Managing Director of Atea AS, a subsidiary of Atea ASA until October 1, 2012. Mr. Sonsteby served as Vice President of Ementor Norway. He served as a Deputy Chief Executive Officer of Atea ASA and has been its Deputy Managing Director of Norway Operations since February 2006. He served as the Managing Director of Ementor Norge AS until January 12, 2005 and also served as its Chief Executive Officer. He served as the Chief Executive Officer and Managing Director of Eterra AS, a subsidiary of Ementor ASA, from 2001 to 2003. He served as Chief Executive Officer of Skrivervik Data AS, Norway from 1995 to 1996, Chief Executive Officer of Merkantilda­ta ASA, Norway from 1996 to 2001, Executive Vice President and Chief Operating Officer of Ementor ASA from 2003 to 2005 and served as Chief Executive Officer of TopNordic AS. His Experience includes Managerial positions in Merkantildata; Managing Director, Marketing Manager and Technical Manager of Skrivervik Data; Section Manager, System Analyst NPC Civil AS. He served as the Chairman and Director of Atea ASA since October 1, 2012. Mr. Sonsteby served as a Director of Active 24 until July 7, 2006. Mr. Sonsteby holds degree from Norwe­gian School of Management, Norway in 1989, Training in Management and human relations from the Dale Carnegie Institute, Norway in 1990, Master of Science in Mechanical Engi­neering from University of Utah, USA in 1986, degree in economics from Norwegian School of Management and Mechanical Design from Oslo College of Engineering, Norway in 1984.

CEO Compensation
  • Steinar's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steinar's remuneration is about average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Atea management team in years:

5.4
Average Tenure
52
Average Age
  • The average tenure for the Atea management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steinar Sonsteby

TITLE
Chief Executive Officer
COMPENSATION
NOK7M
AGE
57
TENURE
5.7 yrs

Robert Giori

TITLE
Chief Financial Officer
COMPENSATION
NOK4M
AGE
49
TENURE
5.1 yrs

Lorna Stangeland

TITLE
Senior Vice President of Supply Chain Management
COMPENSATION
NOK4M
AGE
52
TENURE
2.7 yrs

August Johan Baumann

TITLE
Senior Vice President
COMPENSATION
NOK3M
AGE
53
TENURE
2.4 yrs

Juha Sihvonen

TITLE
Managing Director of Atea Finland OY (Finland)
COMPENSATION
NOK797K
AGE
51
TENURE
11.3 yrs

Arunas Bartusevicius

TITLE
Managing Director of Atea Baltic UAB (the Baltics)
COMPENSATION
NOK315K
AGE
55

Carl-Johan Hultenheim

TITLE
Managing Director of Atea Sverige AB (Sweden)
COMPENSATION
NOK13M
AGE
50
TENURE
8.7 yrs

Morten Felding

TITLE
Managing Director of Atea A/S (Denmark)
COMPENSATION
NOK6M
AGE
54
TENURE
5.7 yrs

Michael Jacobs

TITLE
Managing Director of Atea AS (Norway)
COMPENSATION
NOK10M
AGE
52
TENURE
3.5 yrs

Ole Fjellestad

TITLE
Group Chief Accountant
Board of Directors Tenure

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

5.4
Average Tenure
55
Average Age
  • The tenure for the Atea board of directors is about average.
Board of Directors

Ib Kunøe

TITLE
Chairman of the Board
AGE
76

Morten Jurs

TITLE
Director
AGE
59
TENURE
9.4 yrs

Truls Berntsen

TITLE
Director
AGE
59
TENURE
5.4 yrs

Sven Madsen

TITLE
Director
AGE
55
TENURE
11.4 yrs

Marthe Dyrud

TITLE
Director
AGE
40

Marianne Urdahl

TITLE
Director
AGE
53
TENURE
3 yrs

Lisbeth Kvan

TITLE
Director
AGE
52
TENURE
6.3 yrs

Saloume Djoudat

TITLE
Director
AGE
42
TENURE
4.4 yrs

Svein-Tore Andersen

TITLE
Alternate Director
AGE
61

Arild Birkelund

TITLE
Deputy Board Member
TENURE
1.3 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)
14. Aug 19 Buy Capital Research and Management Company Company 12. Aug 19 12. Aug 19 491,650 NOK110.90 NOK54,484,490
07. Mar 19 Sell Aleksandr Novik Individual 06. Mar 19 06. Mar 19 -10,000 NOK122.00 NOK-1,220,000
07. Feb 19 Buy Morten Jurs Individual 07. Feb 19 07. Feb 19 1,000 NOK121.40 NOK121,400
28. Dec 18 Buy Ib Kunøe Individual 27. Dec 18 27. Dec 18 25,751 NOK108.96 NOK2,805,829
15. Nov 18 Buy Ib Kunøe Individual 15. Nov 18 15. Nov 18 65,000 NOK111.58 NOK7,253,025
22. Oct 18 Buy Arunas Bartusevicius Individual 19. Oct 18 19. Oct 18 19,288 NOK109.74 NOK2,116,652
X
Management checks
We assess Atea'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. Atea 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.

ATEA News

Simply Wall St News

How Should Investors React To Atea ASA's (OB:ATEA) CEO Pay?

Steinar Sonsteby became the CEO of Atea ASA (OB:ATEA) in 2014. … See our latest analysis for Atea How Does Steinar Sonsteby's Compensation Compare With Similar Sized Companies? … According to our data, Atea ASA has a market capitalization of kr13b, and pays its CEO total annual compensation worth kr7.2m.

Simply Wall St -

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

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Atea: P/E of 25.76 = NOK112 ÷ NOK4.35 (Based on the trailing twelve months to June 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each NOK1 of company earnings. … A Limitation: P/E Ratios Ignore Debt and Cash In The Bank One drawback of using a P/E ratio is that it considers market capitalization, but not the balance sheet.

Simply Wall St -

Is Atea ASA's (OB:ATEA) 5.8% Dividend Worth Your Time?

Dividend paying stocks like Atea ASA (OB:ATEA) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Click the interactive chart for our full dividend analysis OB:ATEA Historical Dividend Yield, July 31st 2019 Payout ratios Dividends are typically paid from company earnings. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend.

Simply Wall St -

Atea ASA (OB:ATEA): What Does The Future Look Like?

See our latest analysis for Atea What can we expect from Atea in the longer term? … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … OB:ATEA Past and Future Earnings, July 11th 2019 By 2022, ATEA's earnings should reach øre1.1b, from current levels of øre467m, resulting in an annual growth rate of 22%.

Simply Wall St -

Why Atea ASA (OB:ATEA) Could Be Your Next Investment

In the case of Atea ASA (OB:ATEA), there's is a financially-healthy company with a great history of dividend payments and a excellent growth outlook. … OB:ATEA Past and Future Earnings, July 2nd 2019 ATEA dishes out decent dividend payments over time, exceeding the low-risk savings rate, which is what investors want in order to compensate them for the risk of holding a stock. … OB:ATEA Historical Dividend Yield, July 2nd 2019 Next Steps: For Atea, there are three important aspects you should further research: Historical Performance: What has ATEA's returns been like over the past?

Simply Wall St -

Are Insiders Buying Atea ASA (OB:ATEA) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Atea ASA (OB:ATEA). … OB:ATEA Recent Insider Trading, June 21st 2019 Atea is not the only stock insiders are buying. … Judging from their transactions, and high insider ownership, Atea insiders feel good about the company's future.

Simply Wall St -

How Much Are Atea ASA (OB:ATEA) Insiders Spending On Buying Shares?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Atea The Last 12 Months Of Insider Transactions At Atea In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Ib Kunøe bought øre7.3m worth of shares at a price of øre112 per share. … A high insider ownership often makes company leadership more mindful of shareholder interests. … With high insider ownership and encouraging transactions, it seems like Atea insiders think the business has merit.

Simply Wall St -

An Intrinsic Calculation For Atea ASA (OB:ATEA) Suggests It's 34% Undervalued

In this article we are going to estimate the intrinsic value of Atea ASA (OB:ATEA) by taking the foreast future cash flows of the company and discounting them back to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (NOK, Millions) NOK826.00 NOK1.10k NOK1.21k NOK1.30k NOK1.38k NOK1.44k NOK1.49k NOK1.54k NOK1.58k NOK1.62k Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x3 Est @ 7.39% Est @ 5.7% Est @ 4.52% Est @ 3.69% Est @ 3.11% Est @ 2.71% Est @ 2.42% Present Value (NOK, Millions) Discounted @ 8.26% NOK763.01 NOK934.64 NOK956.64 NOK948.99 NOK926.60 NOK894.61 NOK856.89 NOK816.17 NOK774.34 NOK732.61 Present Value of 10-year Cash Flow (PVCF)= NOK8.60b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … OB:ATEA Intrinsic value, June 10th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Does Atea's (OB:ATEA) Share Price Gain of 62% Match Its Business Performance?

For example, the Atea ASA (OB:ATEA) share price is up 62% in the last 5 years, clearly besting than the market return of around 13% (ignoring dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

How Much Did Atea ASA's (OB:ATEA) CEO Pocket Last Year?

Steinar Sonsteby has been the CEO of Atea ASA (OB:ATEA) since 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steinar Sonsteby's Compensation Compare With Similar Sized Companies?

Simply Wall St -

ATEA Company Info

Description

Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. The company provides hardware and software solutions for storing and managing information, as well as tools for virtualization, automation, and security for operating the data center environment; client hardware, software, and services to the requirements of users, applications, security, networks, and computing environments. It also offers hardware and software solutions for running networks, and services to help customers manage their communications; and a range of products to enable collaboration through conferencing, information sharing, and digital productivity solutions. In addition, it provides Device as a Service to various concepts, such as videoconferencing, digital signage, and networks. The company was founded in 1968 and is headquartered in Oslo, Norway.

Details
Name: Atea ASA
ATEA
Exchange: OB
Founded: 1968
NOK13,020,092,855
109,412,545
Website: http://www.atea.com
Address: Atea ASA
Brynsalléen 2,
Oslo,
Oslo, 0667,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ATEA Ordinary Shares Oslo Bors NO NOK 10. May 1989
OTCPK ATAZ.F Ordinary Shares Pink Sheets LLC US USD 10. May 1989
DB MKL Ordinary Shares Deutsche Boerse AG DE EUR 10. May 1989
LSE 0JWO Ordinary Shares London Stock Exchange GB NOK 10. May 1989
BATS-CHIXE ATEAO Ordinary Shares BATS 'Chi-X Europe' GB NOK 10. May 1989
Number of employees
Current staff
Staff numbers
7,419
Atea employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 21:07
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/08/21
Last earnings filing: 2019/07/12
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.