C

Codelab Capital AS
OSE:CODE

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Codelab Capital AS
OSE:CODE
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Price: 2.8 NOK 7.69% Market Closed
Market Cap: kr40.5m

EV/S

0.4
Current
455%
More Expensive
vs 3-y median of 0.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
kr44.1m
/
Revenue
kr59.2m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
kr44.1m
/
Revenue
kr59.2m

Valuation Scenarios

Codelab Capital AS is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.1), the stock would be worth kr0.5 (82% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-82%
Maximum Upside
+1 029%
Average Upside
296%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.4 kr2.8
0%
3-Year Average 0.1 kr0.5
-82%
5-Year Average 0.1 kr0.79
-72%
Industry Average 4.7 kr31.61
+1 029%
Country Average 1.7 kr11.49
+310%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
kr44.1m
/
Apr 2024
kr59.2m
=
0.4
Current
kr44.1m
/
Dec 2024
kr16.3m
=
2.7
Forward
kr44.1m
/
Dec 2025
kr130.1m
=
0.3
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
NO
Codelab Capital AS
OSE:CODE
40.5m NOK 0.4 4.4
US
Cerner Corp
LSE:0R00
31.3B USD 5.5 53.1
US
Veeva Systems Inc
NYSE:VEEV
30.3B USD 7.4 33.3
AU
Pro Medicus Ltd
ASX:PME
12.5B AUD 49.6 53.4
JP
M3 Inc
TSE:2413
1.1T JPY 2.8 22
US
Waystar Holding Corp
NASDAQ:WAY
4.6B USD 5.4 40.2
SE
Sectra AB
STO:SECT B
42.9B SEK 17.8 79.9
US
Doximity Inc
NYSE:DOCS
4.5B USD 5.9 18.9
CN
Winning Health Technology Group Co Ltd
SZSE:300253
20B CNY 9.2 -64.8
US
Vocera Communications Inc
F:V00
2.4B EUR 11.4 -328
IN
Inventurus Knowledge Solutions Ltd
NSE:IKS
228.1B INR 7.5 34.4
P/E Multiple
Earnings Growth PEG
NO
C
Codelab Capital AS
OSE:CODE
Average P/E: 37.7
4.4
N/A N/A
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
33.3
26%
1.3
AU
Pro Medicus Ltd
ASX:PME
53.4
30%
1.8
JP
M3 Inc
TSE:2413
22
16%
1.4
US
W
Waystar Holding Corp
NASDAQ:WAY
40.2
55%
0.7
SE
Sectra AB
STO:SECT B
79.9
17%
4.7
US
Doximity Inc
NYSE:DOCS
18.9
15%
1.3
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -64.8
69%
N/A
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -328 N/A N/A
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
34.4
N/A N/A

Market Distribution

Lower than 72% of companies in Norway
Percentile
28th
Based on 658 companies
28th percentile
0.4
Low
0 — 0.5
Typical Range
0.5 — 5.2
High
5.2 —
Distribution Statistics
Norway
Min 0
30th Percentile 0.5
Median 1.7
70th Percentile 5.2
Max 67 008.4

Codelab Capital AS
Glance View

Market Cap
40.5m 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 85%
Intrinsic Value
Price
C
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