T

Techstep ASA
OSE:TECH

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Techstep ASA
OSE:TECH
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Price: 10.55 NOK -2.31%
Market Cap: kr367.9m

P/OCF

3.1
Current
15%
More Expensive
vs 3-y average of 2.7

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
3.1
=
Market Cap
kr357.8m
/
Operating Cash Flow
kr115.8m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
3.1
=
Market Cap
kr357.8m
/
Operating Cash Flow
kr115.8m

Valuation Scenarios

Techstep ASA is trading above its 3-year average

If P/OCF returns to its 3-Year Average (2.7), the stock would be worth kr9.2 (13% downside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-13%
Maximum Upside
+317%
Average Upside
118%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 3.1 kr10.55
0%
3-Year Average 2.7 kr9.2
-13%
5-Year Average 3.2 kr10.92
+3%
Industry Average 13.1 kr43.94
+317%
Country Average 8.4 kr28.12
+167%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
NO
Techstep ASA
OSE:TECH
363m NOK 3.1 -3.9
US
Apple Inc
NASDAQ:AAPL
4T USD 29.6 34.1
KR
Samsung Electronics Co Ltd
KRX:005930
1 442.1T KRW 17.2 33.6
US
Dell Technologies Inc
NYSE:DELL
142.2B USD 12.7 24
US
SanDisk Corp
NASDAQ:SNDK
144.9B USD 0 0
US
Western Digital Corp
NASDAQ:WDC
132.3B USD 49.5 35.5
IE
Seagate Technology Holdings PLC
NASDAQ:STX
126.3B USD 62.5 64.1
CN
Xiaomi Corp
HKEX:1810
828.3B HKD 20.9 17.2
SG
Seagate Technology Holdings PLC
XBER:847
72.8B EUR 42.4 43.5
TW
Quanta Computer Inc
TWSE:2382
1.3T TWD -120.3 16.6
US
Hewlett Packard Enterprise Co
NYSE:HPE
37.9B USD 8.4 -161.9
P/E Multiple
Earnings Growth PEG
NO
T
Techstep ASA
OSE:TECH
Average P/E: 33.6
Negative Multiple: -3.9
N/A N/A
US
Apple Inc
NASDAQ:AAPL
34.1
11%
3.1
KR
Samsung Electronics Co Ltd
KRX:005930
33.6
73%
0.5
US
Dell Technologies Inc
NYSE:DELL
24
23%
1
US
S
SanDisk Corp
NASDAQ:SNDK
Not Available N/A N/A
US
Western Digital Corp
NASDAQ:WDC
35.5
50%
0.7
IE
Seagate Technology Holdings PLC
NASDAQ:STX
64.1
56%
1.1
CN
Xiaomi Corp
HKEX:1810
17.2
12%
1.4
SG
S
Seagate Technology Holdings PLC
XBER:847
43.5
54%
0.8
TW
Quanta Computer Inc
TWSE:2382
16.6
10%
1.7
US
Hewlett Packard Enterprise Co
NYSE:HPE
Negative Multiple: -161.9 N/A N/A

Market Distribution

Lower than 81% of companies in Norway
Percentile
19th
Based on 535 companies
19th percentile
3.1
Low
0.8 — 5.1
Typical Range
5.1 — 17.7
High
17.7 —
Distribution Statistics
Norway
Min 0.8
30th Percentile 5.1
Median 8.4
70th Percentile 17.7
Max 7 081

Techstep ASA
Glance View

Market Cap
367.9m NOK
Industry
Technology

Techstep ASA engages in the provision of smart mobile data for mobile network operators, mobile virtual network operators, and original equipment manufacturers. The company is headquartered in Oslo, Oslo. The company went IPO on 2002-06-12. Since the divestment of its subsidiary Birdstep Technology Oy, engaged in Secure Mobility, the Company operates only in one segment, Smart Mobile Data, offering solutions for Mobile Network Operators, Cable Network Operators and device manufacturers. The Smart Mobile Data segment portfolio comprises: EasyConnect, a connection manager and service management solution; EasySmart, which provides offload of data traffic to wireless fidelity (Wi-Fi); and EasyFlash, which enables the operator to standardize the installed base of Connection Managers. The firm operates as a parent of Birdstep Technology San Francisco Inc.

TECH Intrinsic Value
10.33 NOK
Overvaluation 2%
Intrinsic Value
Price kr10.55
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