C

Codelab Capital AS
OSE:CODE

Watchlist Manager
Codelab Capital AS
OSE:CODE
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Price: 3.1 NOK 19.23%
Market Cap: kr44.8m

EV/EBITDA

0.6
Current
16%
Cheaper
vs 3-y median of 0.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
0.6
=
Enterprise Value
kr44.1m
/
EBITDA
kr78.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
0.6
=
Enterprise Value
kr44.1m
/
EBITDA
kr78.6m

Valuation Scenarios

Codelab Capital AS is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (0.7), the stock would be worth kr3.68 (19% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-87%
Maximum Upside
+6 014%
Average Upside
1 779%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 0.6 kr3.1
0%
3-Year Average 0.7 kr3.68
+19%
5-Year Average 0.1 kr0.4
-87%
Industry Average 37.3 kr189.54
+6 014%
Country Average 7.8 kr39.43
+1 172%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr44.1m
/
Apr 2024
kr78.6m
=
0.6
Current
kr44.1m
/
Dec 2024
kr-23.5m
=
-1.9
Forward
kr44.1m
/
Dec 2025
kr45.4m
=
1
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NO
Codelab Capital AS
OSE:CODE
44.8m NOK 0.6 4.9
US
Cerner Corp
LSE:0R00
31.3B USD 21.9 53.1
US
Veeva Systems Inc
NYSE:VEEV
28.8B USD 22.5 31.7
AU
Pro Medicus Ltd
ASX:PME
12.2B AUD 68.1 55.1
JP
M3 Inc
TSE:2413
1.1T JPY 11.3 22.8
US
Waystar Holding Corp
NASDAQ:WAY
4.6B USD 14.6 40.3
SE
Sectra AB
STO:SECT B
43.6B SEK -111.8 81.1
US
Doximity Inc
NYSE:DOCS
4.3B USD 14.2 18
US
Vocera Communications Inc
F:V00
2.4B EUR 267.9 -328
CN
Winning Health Technology Group Co Ltd
SZSE:300253
18.6B CNY -119.2 -60.2
IN
Inventurus Knowledge Solutions Ltd
NSE:IKS
227.9B INR 22.6 34.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
C
Codelab Capital AS
OSE:CODE
Average EV/EBITDA: 49.3
0.6
N/A N/A
US
C
Cerner Corp
LSE:0R00
21.9
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
22.5
30%
0.8
AU
Pro Medicus Ltd
ASX:PME
68.1
28%
2.4
JP
M3 Inc
TSE:2413
11.3
14%
0.8
US
W
Waystar Holding Corp
NASDAQ:WAY
14.6
20%
0.7
SE
Sectra AB
STO:SECT B
Negative Multiple: -111.8 N/A N/A
US
Doximity Inc
NYSE:DOCS
14.2
21%
0.7
US
V
Vocera Communications Inc
F:V00
267.9
N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -119.2
36%
N/A
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
22.6
139%
0.2
P/E Multiple
Earnings Growth PEG
NO
C
Codelab Capital AS
OSE:CODE
Average P/E: 37.9
4.9
N/A N/A
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
31.7
26%
1.2
AU
Pro Medicus Ltd
ASX:PME
55.1
30%
1.8
JP
M3 Inc
TSE:2413
22.8
16%
1.4
US
W
Waystar Holding Corp
NASDAQ:WAY
40.3
55%
0.7
SE
Sectra AB
STO:SECT B
81.1
17%
4.8
US
Doximity Inc
NYSE:DOCS
18
15%
1.2
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -328 N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -60.2
69%
N/A
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
34.3
N/A N/A

Market Distribution

Lower than 83% of companies in Norway
Percentile
17th
Based on 539 companies
17th percentile
0.6
Low
0.1 — 2.2
Typical Range
2.2 — 16.6
High
16.6 —
Distribution Statistics
Norway
Min 0.1
30th Percentile 2.2
Median 7.8
70th Percentile 16.6
Max 40 612.5

Codelab Capital AS
Glance View

Market Cap
44.8m NOK
Industry
Health Care

CodeLab Capital AS operates as a cloud based SaaS (Software as a Service), PaaS (Platform asa Service) and IaaS (Infrastructure as a Service) company. The company is headquartered in Oslo, Oslo and currently employs 200 full-time employees. The company went IPO on 2020-10-23. The firm is developing eHealth solutions for global healthcare and offers both Software-as-aService (SaaS), Platform-as-a-Service (PaaS) and Value-Added Services (VAS) solutions to healthcare providers and their patients. The firm's main products are the PatientSky 360 Platform, electronic health record systems and medication modules. The PatientSky 360 Platform is the core of the group's business, and is a platform that provides all the necessary building blocks for internally and partner developed modules of scalable healthcare software.

CODE Intrinsic Value
18.76 NOK
Undervaluation 83%
Intrinsic Value
Price kr3.1
C
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