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Bouvet

OB:BOUVET
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOUVET
OB
NOK3B
Market Cap
  1. Home
  2. NO
  3. Software
Company description

Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally. The last earnings update was 23 days ago. More info.


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BOUVET Share Price and Events
7 Day Returns
-2%
OB:BOUVET
2.1%
NO IT
2.6%
NO Market
1 Year Returns
16.9%
OB:BOUVET
-0.5%
NO IT
-9.1%
NO Market
BOUVET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bouvet (BOUVET) -2% -1% 4.2% 16.9% 142.4% 266.7%
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
  • BOUVET outperformed the IT industry which returned -0.5% over the past year.
  • BOUVET outperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
BOUVET
Industry
5yr Volatility vs Market
Related Companies

BOUVET Value

 Is Bouvet 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 Bouvet 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 Bouvet.

OB:BOUVET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
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:BOUVET
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%) (8.07%))
1.016
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.016 * 5.96%)
7.81%

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

The calculations below outline how an intrinsic value for Bouvet 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:BOUVET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 7.81%)
2020 241.88 Est @ 23.28% 224.35
2021 282.58 Est @ 16.82% 243.10
2022 317.35 Est @ 12.31% 253.23
2023 346.36 Est @ 9.14% 256.35
2024 370.36 Est @ 6.93% 254.24
2025 390.27 Est @ 5.38% 248.49
2026 407.02 Est @ 4.29% 240.38
2027 421.40 Est @ 3.53% 230.83
2028 434.04 Est @ 3% 220.52
2029 445.45 Est @ 2.63% 209.92
Present value of next 10 years cash flows NOK2,381.00
OB:BOUVET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK445.45 × (1 + 1.76%) ÷ (7.81% – 1.76%)
NOK7,487.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK7,487.52 ÷ (1 + 7.81%)10
NOK3,528.49
OB:BOUVET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK2,381.00 + NOK3,528.49
NOK5,909.49
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK5,909.49 / 10.21
NOK578.66
OB:BOUVET Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK578.66
Current discount Discount to share price of NOK297.00
= -1 x (NOK297.00 - NOK578.66) / NOK578.66
48.7%

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

Current Discount
Amount off the current price Bouvet is available for.
Intrinsic value
49%
Share price is NOK297 vs Future cash flow value of NOK578.66
Current Discount Checks
For Bouvet to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bouvet's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bouvet's share price is below the future cash flow value, and 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 Bouvet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bouvet's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:BOUVET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK16.53
OB:BOUVET Share Price ** OB (2019-09-13) in NOK NOK297
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 Bouvet.

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

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

= 297 ÷ 16.53

17.96x

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

  • Bouvet is good value based on earnings compared to the NO IT industry average.
  • Bouvet is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Bouvet's expected growth come at a high price?
Raw Data
OB:BOUVET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-17.2%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 .

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

  • Unable to calculate PEG ratio for Bouvet, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bouvet's assets?
Raw Data
OB:BOUVET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK23.19
OB:BOUVET Share Price * OB (2019-09-13) in NOK NOK297
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:BOUVET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 297 ÷ 23.19

12.81x

* Primary Listing of Bouvet.

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

  • Bouvet is overvalued based on assets compared to the NO IT industry average.
X
Value checks
We assess Bouvet'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. Bouvet has a total score of 3/6, 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.

BOUVET Future Performance

 How is Bouvet expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bouvet, future earnings growth has been estimated based on fundamentals.
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
-17.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bouvet expected to grow at an attractive rate?
  • Bouvet's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Bouvet's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.
  • Unable to compare Bouvet's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:BOUVET Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:BOUVET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -17.2%
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:BOUVET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:BOUVET Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OB:BOUVET Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 2,013 238 169
2019-03-31 1,949 238 165
2018-12-31 1,847 219 150
2018-09-30 1,770 162 136
2018-06-30 1,719 173 133
2018-03-31 1,651 148 118
2017-12-31 1,607 149 111
2017-09-30 1,531 110 97
2017-06-30 1,467 103 93
2017-03-31 1,427 121 96
2016-12-31 1,331 113 79
2016-09-30 1,282 90 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bouvet's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bouvet is high growth as no revenue estimate data is available.
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:BOUVET 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 0 Analyst Estimates (S&P Global) See Below

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

OB:BOUVET Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OB:BOUVET Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 16.53
2019-03-31 16.23
2018-12-31 14.80
2018-09-30 13.40
2018-06-30 13.12
2018-03-31 11.64
2017-12-31 10.92
2017-09-30 9.62
2017-06-30 9.19
2017-03-31 9.43
2016-12-31 7.76
2016-09-30 7.20

*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 Bouvet will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bouvet'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.
Bouvet has a total score of 0/6, 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.

BOUVET Past Performance

  How has Bouvet 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 Bouvet'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.
  • Bouvet has delivered over 20% year on year earnings growth in the past 5 years.
  • Bouvet's 1-year earnings growth exceeds its 5-year average (26.8% vs 22.7%)
  • Bouvet's earnings growth has not exceeded the NO IT industry average in the past year (26.8% vs 28.5%).
Earnings and Revenue History
Bouvet'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 Bouvet Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:BOUVET 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 2,013.44 168.77 54.49
2019-03-31 1,948.75 165.32 54.49
2018-12-31 1,846.71 150.50 54.49
2018-09-30 1,769.71 136.15 45.85
2018-06-30 1,718.58 133.15 45.85
2018-03-31 1,650.58 118.07 45.85
2017-12-31 1,607.35 110.63 45.85
2017-09-30 1,531.22 97.37 35.99
2017-06-30 1,467.35 93.11 35.99
2017-03-31 1,426.95 95.74 35.99
2016-12-31 1,330.81 78.89 35.99
2016-09-30 1,281.57 73.36 32.91
2016-06-30 1,257.97 69.37 32.91
2016-03-31 1,228.40 63.90 32.91
2015-12-31 1,232.49 73.64 32.91
2015-09-30 1,212.66 66.54 32.16
2015-06-30 1,198.17 68.72 32.16
2015-03-31 1,158.67 60.80 32.16
2014-12-31 1,132.60 55.74 32.16
2014-09-30 1,117.67 62.14 32.88
2014-06-30 1,124.47 68.02 32.88
2014-03-31 1,132.54 71.32 32.88
2013-12-31 1,112.77 68.68 32.88
2013-09-30 1,094.97 63.40 29.54
2013-06-30 1,063.09 56.18 29.54
2013-03-31 1,029.55 50.53 29.54
2012-12-31 1,030.35 55.46 29.54
2012-09-30 1,007.98 58.80 26.10

*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.
  • Bouvet made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Bouvet used its assets more efficiently than the NO IT industry average last year based on Return on Assets.
  • Bouvet's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bouvet'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.
Bouvet has a total score of 4/6, 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.

BOUVET Health

 How is Bouvet'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 Bouvet's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bouvet is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bouvet's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bouvet'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.
  • High level of physical assets or inventory.
  • Bouvet has no debt, it does not need to be covered by short term assets.
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 Bouvet Company Filings, last reported 2 months ago.

OB:BOUVET Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 236.79 0.00 138.75
2019-03-31 332.39 0.00 267.09
2018-12-31 276.99 0.00 278.39
2018-09-30 213.31 0.00 63.44
2018-06-30 195.50 0.00 87.66
2018-03-31 236.84 0.00 159.04
2017-12-31 220.41 0.00 205.37
2017-09-30 170.75 0.00 41.60
2017-06-30 161.12 0.00 56.04
2017-03-31 207.74 0.00 134.44
2016-12-31 176.16 0.00 161.72
2016-09-30 141.06 0.00 63.00
2016-06-30 156.60 0.00 106.09
2016-03-31 190.83 0.00 152.45
2015-12-31 174.62 0.00 170.14
2015-09-30 145.94 0.00 70.16
2015-06-30 155.59 0.00 89.72
2015-03-31 179.52 0.00 115.77
2014-12-31 153.53 0.00 118.57
2014-09-30 145.43 0.00 79.09
2014-06-30 138.13 0.00 97.99
2014-03-31 180.53 0.00 144.81
2013-12-31 159.83 0.00 169.22
2013-09-30 132.89 0.00 73.20
2013-06-30 118.96 0.00 55.64
2013-03-31 160.45 0.00 122.82
2012-12-31 142.34 0.00 137.85
2012-09-30 131.32 0.00 50.28
  • Bouvet has no debt.
  • Bouvet has not taken on any debt in the past 5 years.
  • Bouvet has no debt, it does not need to be covered by operating cash flow.
  • Bouvet has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bouvet'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. Bouvet has a total score of 6/6, 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.

BOUVET Dividends

 What is Bouvet'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
4.38%
Current annual income from Bouvet dividends.
If you bought NOK2,000 of Bouvet shares you are expected to receive NOK88 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?
  • Bouvet's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Bouvet's dividend is below the markets top 25% of dividend payers in Norway (6.47%).
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:BOUVET 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 0 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:BOUVET Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
OB:BOUVET Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-26 13.000 4.575
2018-02-16 8.500 3.741
2017-02-17 7.000 4.275
2016-02-19 6.500 5.329
2015-05-19 5.000 5.485
2014-04-29 6.000 7.310
2013-05-14 5.000 6.207
2012-04-18 5.000 7.297
2011-05-04 4.100 5.932
2010-04-08 6.250 11.240
2010-02-23 6.250 11.411
2009-05-14 4.000 9.151
2009-04-16 4.000 11.707
2009-02-27 4.000 11.759

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bouvet's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bouvet'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 Bouvet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bouvet has a total score of 3/6, see the detailed checks below.


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

BOUVET Management

 What is the CEO of Bouvet'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
Sverre Hurum
COMPENSATION NOK4,052,000
AGE 64
TENURE AS CEO 16.7 years
CEO Bio

Mr. Sverre Finn Hurum has been the Chief Executive Officer at Bouvet ASA since 2003 and serves as its President. Mr. Hurum has more than 25 years of experience as a Senior Manager in the consulting industry. He served as Chief Executive Officer of Mandator since 1990 and Chief Executive Officer of Cell Network AS from 2001 to 2002. He served as the Chairman of Bouvet from 2002 to 2003. He has a degree in economics and engineering from Karlsruhe in Germany.

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

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

16.7
Average Tenure
60
Average Age
  • The average tenure for the Bouvet management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sverre Hurum

TITLE
President & CEO
COMPENSATION
NOK4M
AGE
64
TENURE
16.7 yrs

Erik Stubø

TITLE
Chief Financial Officer
COMPENSATION
NOK3M
AGE
60
TENURE
17.7 yrs

Lisbeth Viker

TITLE
Financial Manager

Simen Sommerfeldt

TITLE
Chief Technology Officer

Trude Hole

TITLE
Director of Communications

Axel Borge

TITLE
Vice President of Sesam
TENURE
1.3 yrs

Bjarte Gudmundsen

TITLE
Vice President of Rogaland Region
AGE
46
Board of Directors Tenure

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

8.2
Average Tenure
51
Average Age
  • The tenure for the Bouvet board of directors is about average.
Board of Directors

Pål Rønn

TITLE
Chairman
COMPENSATION
NOK300K
AGE
51
TENURE
3.7 yrs

Tove Raanes

TITLE
Vice Chairman
COMPENSATION
NOK175K
AGE
42

Grethe Høiland

TITLE
Director
COMPENSATION
NOK150K
AGE
63
TENURE
12.7 yrs

Ingebrigt Jensen

TITLE
Director
COMPENSATION
NOK150K
AGE
64
TENURE
10.7 yrs

Egil Dahl

TITLE
Director
COMPENSATION
NOK150K
AGE
51
TENURE
5.7 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)
06. Jun 19 Buy Ingebrigt Jensen Individual 06. Jun 19 06. Jun 19 500 NOK292.00 NOK146,000
26. Feb 19 Sell Sverre Hurum Individual 26. Feb 19 26. Feb 19 -5,000 NOK222.00 NOK-1,110,000
26. Feb 19 Buy Pål Rønn Individual 26. Feb 19 26. Feb 19 5,000 NOK222.00 NOK1,110,000
04. Jan 19 Buy Ingebrigt Jensen Individual 04. Jan 19 04. Jan 19 1,140 NOK199.94 NOK227,932
19. Nov 18 Buy Lisbeth Viker Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Per Gidfors Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Trude Hole Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Anne Hasselgreen Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Torgeir Nilsen Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Arne Hermansen Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Sverre Hurum Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Erik Stubø Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Eirik Vefsnmo Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Anders Volle Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Bjarte Gudmundsen Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
19. Nov 18 Buy Axel Borge Individual 19. Nov 18 19. Nov 18 106 NOK212.00 NOK22,472
X
Management checks
We assess Bouvet'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. Bouvet 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.

BOUVET News

Simply Wall St News

Who Has Been Buying Bouvet ASA (OB:BOUVET) Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Bouvet The Last 12 Months Of Insider Transactions At Bouvet In the last twelve months, the biggest single purchase by an insider was when Chairman Pål Rønn bought kr1.1m worth of shares at a price of kr222 per share. … OB:BOUVET Recent Insider Trading, August 29th 2019 Insiders at Bouvet Have Bought Stock Recently We saw some Bouvet insider buying shares in the last three months. … When combined with notable insider ownership, these factors suggest Bouvet insiders are well aligned, and quite possibly think the share price is too low.

Simply Wall St -

Does Bouvet ASA's (OB:BOUVET) CEO Salary Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Bouvet How Does Sverre Hurum's Compensation Compare With Similar Sized Companies? … Boasting a total shareholder return of 183% over three years, Bouvet ASA has done well by shareholders.

Simply Wall St -

Here's Why We Think Bouvet (OB:BOUVET) Is Well Worth Watching

So if you're like me, you might be more interested in profitable, growing companies, like Bouvet (OB:BOUVET). … In the last year insider at Bouvet were both selling and buying shares; but happily, as a group they spent kr644k more on stock, than they netted from selling it. … The good news is that Bouvet is not the only growth stock with insider buying.

Simply Wall St -

What Percentage Of Bouvet ASA (OB:BOUVET) Shares Do Insiders Own?

A look at the shareholders of Bouvet ASA (OB:BOUVET) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Bouvet is not a large company by global standards. … Check out our latest analysis for Bouvet OB:BOUVET Ownership Summary, July 28th 2019 What Does The Institutional Ownership Tell Us About Bouvet?

Simply Wall St -

Announcing: Bouvet (OB:BOUVET) Stock Increased An Energizing 248% In The Last Five Years

It's also good to see the share price up 12% over the last quarter. … During five years of share price growth, Bouvet achieved compound earnings per share (EPS) growth of 18% per year. … We note that for Bouvet the TSR over the last 5 years was 342%, which is better than the share price return mentioned above.

Simply Wall St -

Here's What Bouvet ASA's (OB:BOUVET) ROCE Can Tell Us

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bouvet: 0.38 = øre210m ÷ (øre1.1b - øre590m) (Based on the trailing twelve months to March 2019.) Therefore, Bouvet has an ROCE of 38%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Bouvet boasts an attractive ROCE, even after considering the boost from high current liabilities.

Simply Wall St -

What Does Bouvet ASA's (OB:BOUVET) Balance Sheet Tell Us About It?

BOUVET’s Debt (And Cash Flows) BOUVET has increased its debt level by about øre254m over the last 12 months – which includes long-term debt. … With this ramp up in debt, BOUVET's cash and short-term investments stands at øre267m , ready to be used for running the business. … Additionally, BOUVET has generated cash from operations of øre238m during the same period of time, resulting in an operating cash to total debt ratio of 94%, signalling that BOUVET’s operating cash is sufficient to cover its debt.

Simply Wall St -

Is Bouvet ASA (OB:BOUVET) A Smart Pick For Income Investors?

Dividend paying stocks like Bouvet ASA (OB:BOUVET) 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. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Bouvet is a new dividend aristocrat in the making. We'd agree the yield does look enticing. Given the recent spike in its share price, Bouvet's yield will look lower, even though the market may now be factoring in an improvement in its long-term prospects. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Looking at the last decade of data, we can see that Bouvet paid its first dividend at least nine years ago. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Bouvet has grown its earnings per share at 17% per annum over the past five years. Earnings per share are growing nicely, but the company is paying out most of its earnings as dividends. This might be sustainable, but we wonder why Bouvet is not retaining those earnings to reinvest in growth. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Bouvet ASA (OB:BOUVET) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Bouvet ASA (OB:BOUVET). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The good news for Bouvet share holders is that insiders were buying at near the current price.

Simply Wall St -

Bouvet ASA (OB:BOUVET): A Fundamentally Attractive Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.

Simply Wall St -

BOUVET Company Info

Description

Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally. The company designs, develops, and provides advisory services on IT solutions and digital communication. Bouvet ASA is based in Oslo, Norway.

Details
Name: Bouvet ASA
BOUVET
Exchange: OB
Founded:
NOK3,033,051,912
10,212,296
Website: http://www.bouvet.no
Address: Bouvet ASA
Sørkedalsveien 8,
Oslo,
Oslo, 0369,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB BOUVET Ordinary Shares Oslo Bors NO NOK 15. May 2007
Number of employees
Current staff
Staff numbers
1,455
Bouvet employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 21:23
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2018/02/16
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.