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EVRY

OB:EVRY
Snowflake Description

Acceptable track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVRY
OB
NOK12B
Market Cap
  1. Home
  2. NO
  3. Software
Company description

EVRY ASA provides IT solutions and consulting services to public and private sector clients in Norway, Sweden, and internationally. The last earnings update was 64 days ago. More info.


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EVRY Share Price and Events
7 Day Returns
1.8%
OB:EVRY
2.1%
NO IT
2.6%
NO Market
1 Year Returns
3.7%
OB:EVRY
-0.5%
NO IT
-9.1%
NO Market
EVRY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EVRY (EVRY) 1.8% 7.9% 7.6% 3.7% - 103.4%
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
  • EVRY outperformed the IT industry which returned -0.5% over the past year.
  • EVRY outperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
EVRY
Industry
5yr Volatility vs Market
Related Companies

EVRY Value

 Is EVRY 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 EVRY 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 EVRY.

OB:EVRY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:EVRY
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%) (56.82%))
1.258
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.258 * 5.96%)
9.26%

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

The calculations below outline how an intrinsic value for EVRY 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:EVRY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 9.26%)
2020 1,290.67 Analyst x3 1,181.30
2021 1,383.00 Analyst x3 1,158.54
2022 1,451.86 Est @ 4.98% 1,113.16
2023 1,510.12 Est @ 4.01% 1,059.72
2024 1,560.51 Est @ 3.34% 1,002.29
2025 1,605.21 Est @ 2.86% 943.63
2026 1,645.86 Est @ 2.53% 885.54
2027 1,683.73 Est @ 2.3% 829.15
2028 1,719.74 Est @ 2.14% 775.12
2029 1,754.57 Est @ 2.03% 723.80
Present value of next 10 years cash flows NOK9,672.00
OB:EVRY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK1,754.57 × (1 + 1.76%) ÷ (9.26% – 1.76%)
NOK23,810.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK23,810.84 ÷ (1 + 9.26%)10
NOK9,822.53
OB:EVRY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK9,672.00 + NOK9,822.53
NOK19,494.53
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK19,494.53 / 369.30
NOK52.79
OB:EVRY Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK52.79
Current discount Discount to share price of NOK33.35
= -1 x (NOK33.35 - NOK52.79) / NOK52.79
36.8%

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

Current Discount
Amount off the current price EVRY is available for.
Intrinsic value
37%
Share price is NOK33.35 vs Future cash flow value of NOK52.79
Current Discount Checks
For EVRY to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EVRY's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EVRY'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 EVRY's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EVRY's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:EVRY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK1.82
OB:EVRY Share Price ** OB (2019-09-13) in NOK NOK33.35
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 EVRY.

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

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

= 33.35 ÷ 1.82

18.27x

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

  • EVRY is overvalued based on earnings compared to the NO IT industry average.
  • EVRY is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does EVRY's expected growth come at a high price?
Raw Data
OB:EVRY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.2%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.27x ÷ 14.2%

1.29x

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

  • EVRY is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on EVRY's assets?
Raw Data
OB:EVRY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK6.87
OB:EVRY Share Price * OB (2019-09-13) in NOK NOK33.35
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:EVRY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 33.35 ÷ 6.87

4.85x

* Primary Listing of EVRY.

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

  • EVRY is overvalued based on assets compared to the NO IT industry average.
X
Value checks
We assess EVRY'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. EVRY 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.

EVRY Future Performance

 How is EVRY expected to perform in the next 1 to 3 years based on estimates from 6 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
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EVRY expected to grow at an attractive rate?
  • EVRY's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • EVRY's earnings growth is positive but not above the Norway market average.
  • EVRY's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:EVRY Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:EVRY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.2%
OB:EVRY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.1%
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:EVRY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:EVRY Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,912 1,337 1
2022-12-31 14,492 1,275 1
2021-12-31 13,904 1,808 1,151 6
2020-12-31 13,531 1,704 1,027 6
2019-12-31 13,146 1,200 819 5
2019-09-14
OB:EVRY Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 12,925 1,007 677
2019-03-31 13,034 1,086 658
2018-12-31 12,912 713 640
2018-09-30 12,912 565 558
2018-06-30 12,824 149 465
2018-03-31 12,627 -597 28
2017-12-31 12,596 -495 -262
2017-09-30 12,421 -648 -363
2017-06-30 12,345 -322 -409
2017-03-31 12,365 290 12
2016-12-31 12,246 306 300
2016-09-30 12,164 -235 -481

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EVRY's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • EVRY's revenue is expected to grow by 3.1% 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:EVRY 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 6 Analyst Estimates (S&P Global) See Below

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

OB:EVRY Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.60 3.60 3.60 1.00
2022-12-31 3.40 3.40 3.40 1.00
2021-12-31 3.06 3.25 2.86 4.00
2020-12-31 2.70 3.02 2.32 4.00
2019-12-31 2.13 2.37 1.86 4.00
2019-09-14
OB:EVRY Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 1.82
2019-03-31 1.77
2018-12-31 1.73
2018-09-30 1.56
2018-06-30 1.35
2018-03-31 0.08
2017-12-31 -0.82
2017-09-30 -1.19
2017-06-30 -1.40
2017-03-31 0.04
2016-12-31 1.12
2016-09-30 -1.80

*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.
  • EVRY is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess EVRY'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.
EVRY has a total score of 2/6, 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.

EVRY Past Performance

  How has EVRY 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 EVRY'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.
  • EVRY has delivered over 20% year on year earnings growth in the past 5 years.
  • EVRY's 1-year earnings growth is less than its 5-year average (45.6% vs 51%)
  • EVRY's earnings growth has exceeded the NO IT industry average in the past year (45.6% vs 28.5%).
Earnings and Revenue History
EVRY'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 EVRY Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:EVRY 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 12,925.00 676.70 1,116.70
2019-03-31 13,034.00 657.70 1,114.70
2018-12-31 12,912.00 639.70 1,109.70
2018-09-30 12,912.40 557.80 1,105.80
2018-06-30 12,824.40 464.80 1,105.80
2018-03-31 12,627.40 27.80 1,105.80
2017-12-31 12,596.40 -262.20 1,105.80
2017-09-30 12,421.40 -363.00 1,086.50
2017-06-30 12,345.40 -409.00 1,086.50
2017-03-31 12,365.40 12.00 1,086.50
2016-12-31 12,246.40 300.00 1,086.50
2016-09-30 12,164.25 -480.55 396.85
2016-06-30 12,479.50 -1,294.10 747.80
2016-03-31 12,661.50 -1,412.10 747.80
2015-12-31 12,859.50 -1,441.10 747.80
2015-09-30 13,048.35 -1,740.35 1,977.25
2015-06-30 12,785.10 -878.80 1,626.30
2015-03-31 12,765.10 -808.80 1,626.30
2014-12-31 12,773.10 -828.80 1,626.30
2014-09-30 12,838.20 -86.70 616.80
2014-06-30 12,789.20 -104.70 616.80
2014-03-31 12,740.20 -59.70 616.80
2013-12-31 12,600.20 -51.70 616.80
2013-09-30 12,437.80 211.90 370.20
2013-06-30 12,475.80 180.90 370.20
2013-03-31 12,526.80 134.90 370.20
2012-12-31 12,730.80 157.90 370.20
2012-09-30 12,960.30 257.50 723.30

*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.
  • Whilst EVRY has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • EVRY used its assets less efficiently than the NO IT industry average last year based on Return on Assets.
  • EVRY has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess EVRY'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.
EVRY has a total score of 3/6, 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.

EVRY Health

 How is EVRY'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 EVRY's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EVRY is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EVRY's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EVRY'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 not covered by short term assets, assets are 0.6x 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 EVRY Company Filings, last reported 2 months ago.

OB:EVRY Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,538.00 5,301.00 341.00
2019-03-31 3,070.00 4,717.00 475.00
2018-12-31 2,983.90 4,687.20 754.70
2018-09-30 2,688.00 5,001.00 260.00
2018-06-30 2,486.00 4,763.00 144.00
2018-03-31 2,883.00 4,541.00 368.00
2017-12-31 3,239.10 4,606.70 995.20
2017-09-30 3,097.00 4,690.00 346.00
2017-06-30 3,038.00 4,507.00 644.00
2017-03-31 75.00 7,082.00 845.00
2016-12-31 193.80 6,789.20 990.20
2016-09-30
2016-06-30
2016-03-31 2,145.50 4,782.60 900.20
2015-12-31 2,145.50 4,757.50 900.20
2015-09-30 2,145.50 4,757.50 900.20
2015-06-30 3,237.00 4,516.00 659.00
2015-03-31 3,218.00 4,599.00 708.00
2014-12-31 4,277.40 3,156.10 615.60
2014-09-30 5,314.00 3,450.00 414.00
2014-06-30 5,234.00 3,585.00 573.00
2014-03-31 5,312.00 3,489.00 465.00
2013-12-31 5,346.30 3,492.40 514.40
2013-09-30 5,753.00 3,614.00 327.00
2013-06-30 5,602.00 3,629.00 330.00
2013-03-31 5,595.00 3,449.00 405.00
2012-12-31 5,451.70 3,502.00 527.10
2012-09-30 5,383.00 3,841.00 312.00
  • EVRY's level of debt (208.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.9% vs 208.9% today).
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess EVRY'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. EVRY 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.

EVRY Dividends

 What is EVRY'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
5.25%
Current annual income from EVRY dividends. Estimated to be 5.7% next year.
If you bought NOK2,000 of EVRY shares you are expected to receive NOK105 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?
  • EVRY's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • EVRY'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:EVRY 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 6 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:EVRY Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.60 1.00
2022-12-31 2.40 1.00
2021-12-31 1.97 6.00
2020-12-31 1.83 6.00
2019-12-31 1.70 6.00
2019-09-14
OB:EVRY Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-08 1.750 5.458
2018-04-09 1.250 4.118
2015-07-16 0.000 0.000
2015-04-29 0.000 0.000
2015-04-28 0.000 0.000
2014-04-22 0.400 2.879
2014-02-10 0.400 3.924
2013-05-14 0.350 3.727
2012-04-02 0.350 3.847
2012-02-09 0.350 2.685
2009-07-14 0.000 0.000
2009-04-21 0.000 0.000
2009-03-02 0.000 0.000
2009-01-15 0.000 0.000

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

  • EVRY has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but EVRY only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of EVRY's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess EVRY'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 EVRY afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EVRY has a total score of 2/6, see the detailed checks below.


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

EVRY Management

 What is the CEO of EVRY'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
Per Hove
COMPENSATION NOK4,144,000
TENURE AS CEO 0.8 years
CEO Bio

Mr. Per Hove has been Group Chief Executive Officer of EVRY ASA since November 19, 2018. He was Executive Vice President of EVRY Digital Platform Services at EVRY ASA until November 19, 2018. Mr. Hove served as Head of business for Norway at HCL Technologies Ltd. since December 2, 2010. Mr. Hove led and implemented HCLs business strategy for public services, including logistics and energy and utilities and the head of HCLs business in Norway. His experience includes: was EVRY group SVP Sales, Board Member, NamePhonect AS, Chairman of the Board Right Consulting AS, Chairman SYNQ.fm, Founder and board member Right Consulting AS, Country Manager Norway & Public Services Director Nordic HCL Technologies, board member, Computas AS, Managing Director Oracle Norge AS, Sales & Marketing Director TietoEnator, District Manager Siebel Systems and Account Manager SAP Norway. He has strong entrepreneurial and managerial skills from over 15 years experience within international IT consultancy and software industries. He joined HCL after successfully starting up his own business, Right Consulting, offshoring IT services to India. Prior to founding his own business, Mr. Hove held high level positions as Norway Country Manager at Oracle. He holds a Master of Management degree from the BI Norwegian School of Management.

CEO Compensation
  • Insufficient data for Per to compare compensation growth.
  • Per's remuneration is lower than average for companies of similar size in Norway.
Management Team Tenure

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

3.1
Average Tenure
51
Average Age
  • The tenure for the EVRY management team is about average.
Management Team

Per Hove

TITLE
Group Chief Executive Officer
COMPENSATION
NOK4M
TENURE
0.8 yrs

Hans Schibler

TITLE
Chief Financial Officer
COMPENSATION
NOK9M
AGE
41
TENURE
4 yrs

Asta Stenhagen

TITLE
Executive Vice President of Legal & Risk
COMPENSATION
NOK2M

Unni Strømstad

TITLE
Executive Vice President of Communications & Marketing
COMPENSATION
NOK2M
TENURE
2.3 yrs

Trond Vinje

TITLE
Executive Vice President of Human Resources
COMPENSATION
NOK3M
TENURE
4.1 yrs

Wiljar Nesse

TITLE
Executive Vice President of Financial Services
COMPENSATION
NOK4M
AGE
54

Daniel Grönquist

TITLE
Executive Vice President of Strategy
COMPENSATION
NOK2M
AGE
51

Malin Fors-Skjæveland

TITLE
Executive Vice President of Sales Excellence
COMPENSATION
NOK2M

Lars Vågsdal

TITLE
Chief Operating Officer

Jarle Drivenes

TITLE
Chief Technology Officer
Board of Directors Tenure

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

1.7
Average Tenure
54.5
Average Age
  • The average tenure for the EVRY board of directors is less than 3 years, this suggests a new board.
Board of Directors

Salim Nathoo

TITLE
Chair of the Board
AGE
48
TENURE
0.4 yrs

Leif Teksum

TITLE
Director
AGE
67

Kristin Devold

TITLE
Director
AGE
58

Rohan Haldea

TITLE
Director
TENURE
4.5 yrs

Louise Sondergaard

TITLE
Director
TENURE
4.5 yrs

Malin Persson

TITLE
Director
AGE
51

Sigve Lærdal

TITLE
Director
TENURE
1.7 yrs

Jenny Lindh

TITLE
Director
TENURE
1.7 yrs

Tommy Aldrin

TITLE
Director
TENURE
1.7 yrs

Bente Lennertzen

TITLE
Director
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • EVRY individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
12. Jul 19 Sell Hans Schibler Individual 12. Jul 19 12. Jul 19 -68,653 NOK33.04 NOK-2,268,425
X
Management checks
We assess EVRY'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. EVRY 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.

EVRY News

Simply Wall St News

Is EVRY ASA's (OB:EVRY) Growth Strong Enough To Justify Its June Share Price?

EVRY is trading at price-to-earnings (PE) ratio of 17.48x, which suggests that EVRY is undervalued based on its latest annual earnings update compared to the IT average of 18.26x , and overvalued compared to the NO market average ratio of 13.43x. … OB:EVRY Price Estimation Relative to Market, June 11th 2019 We already know that EVRY appears to be undervalued based on its PE ratio, compared to the industry average. … However, since EVRY is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

Is EVRY ASA's (OB:EVRY) 21% ROE Better Than Average?

Does EVRY Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

EVRY ASA (OB:EVRY): What We Can Expect From This Growth Stock

See our latest analysis for EVRY Can we expect EVRY to keep growing? … To get an idea of the overall earnings growth trend for EVRY, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. … OB:EVRY Past and Future Earnings, May 18th 2019 From the current net income level of øre640m and the final forecast of øre1.2b by 2022, the annual rate of growth for EVRY’s earnings is 13%.

Simply Wall St -

EVRY ASA (OB:EVRY) Investors Should Think About This Before Buying It For Its Dividend

Dividend paying stocks like EVRY ASA (OB:EVRY) 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. … 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 seven-year payment history and a 5.5% yield, many investors probably find EVRY intriguing.

Simply Wall St -

4 Days Left Until EVRY ASA (OB:EVRY) Trades Ex-Dividend

EVRY ASA (OB:EVRY) will be distributing its dividend of øre1.75 per share on the 30 April 2019, and will start trading ex-dividend in 4 days time on the 12 April 2019. … Below, I will explain how holding EVRY can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

The EVRY (OB:EVRY) Share Price Is Down -219% So Some Shareholders Are Getting Worried

For example, the EVRY ASA (OB:EVRY) share price has soared 219% in the last half decade. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.

Simply Wall St -

Does The Hype Around EVRY ASA's (OB:EVRY) Growth Justify Its March Share Price?

EVRY ASA (OB:EVRY) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of NOK31.35 is based on unrealistic expectations. … What are the future expectations. … If you are bullish about EVRY's growth potential then you are certainly not alone

Simply Wall St -

EVRY ASA’s (OB:EVRY) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Should Investors Know About EVRY ASA's (OB:EVRY) Growth?

Based on EVRY ASA's (OB:EVRY) earnings update in September 2018, … analyst consensus outlook appear vastly optimistic, … as a 56% rise in profits is expected in the upcoming year,

Simply Wall St -

EVRY ASA (OB:EVRY) Is Trading At A 30.15% Discount

by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

EVRY Company Info

Description

EVRY ASA provides IT solutions and consulting services to public and private sector clients in Norway, Sweden, and internationally. The company operates through three segment EVRY Financial Services, EVRY Norway, and EVRY Sweden. The EVRY Financial Services segment offers solutions for various banking services; module-based solutions, including banking services, transactions systems, payment solutions, and card services; and a value chain of card services delivered to banks in the Nordic countries and the United Kingdom. The EVRY Norway segment provides consulting, infrastructure, and operating services to local government and healthcare sectors, as well as to other industries including retail, oil and gas, and insurance. The EVRY Sweden segment offers strategic advice and consulting services, solutions, and IT operating services; industry vertical solutions; and services based on specialist expertise, such as ERP solutions, mobility, cloud-based solutions, and business intelligence. The company also engages in the sale of software: and provision of outsourcing services and services related to data communication, data security, and electronic publishing. The company was founded in 1961 and is headquartered in Fornebu, Norway.

Details
Name: EVRY ASA
EVRY
Exchange: OB
Founded: 1961
NOK12,316,299,505
369,304,333
Website: http://www.evry.com
Address: EVRY ASA
Snarøyveien 30A,
Fornebu,
Akershus, 1360,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB EVRY Ordinary Shares Oslo Bors NO NOK 30. Jun 1997
DB EDZ Ordinary Shares Deutsche Boerse AG DE EUR 30. Jun 1997
LSE 0NNI Ordinary Shares London Stock Exchange GB NOK 30. Jun 1997
Number of employees
Current staff
Staff numbers
8,938
EVRY employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 20:53
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.