February 06,2020
Atea ASA Q4 FY19
Note: All values reported in NOK
Market Info
Reported 2/6/2020 after hours
2/6/20 closing price change: -7.92%
Ticker: OSE: ATEA
Shares Outstanding: 109.71M
Market Cap: 14.108B
Income Statement (Q4)
- Q4 Revenue up 29% YoY from 10.172B to 10.203B
- Hardware Revenue down 06% from 5.661B to 5.488B
- Software Revenue up32% from 2.689B to 2.859B
- Services Revenue up87% from 1.822B to 1.856B
- Gross Profit up 61% YoY from 2.127B to 2.162B
- Gross Profit Margin up 28bp from 91% to 21.19%
- Operating Income down 29% YoY from 309M to 305M
- Net Income up 86% YoY from 204M to 218M
- Diluted Q4 EPS up 38% YoY from 1.86 to 1.96
Income Statement (FY19)
- FY19 Revenue up 61% YoY from 34.708B to 36.655B
- Hardware Revenue up 13% from 19.105B to 19.321B
- Software Revenue up 15.65% from 9.164B to 10.598B
- Services Revenue up 4.60% from 6.440B to 6.736B
- Gross Profit up 97% YoY from 7.534B to 7.758B
- Gross Profit Margin down 55bp from 71% to 21.16%
- Operating Income up 26% YoY from 690M to 747M
- Net Income up 49% YoY from 467M to 530M
- Diluted FY19 EPS up 21% YoY from 4.26 to 4.78
Balance Sheet
- Cash 769B
- Debt 763B
| Atea ASA | ||||||
| Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | |
| Valuation Ratios | Preliminary | Final | Final | Final | Final | Final |
| Price / Earnings | 26.90 | 24.76 | 26.72 | 29.56 | 25.71 | 26.95 |
| Price / Book Value | 4.59 | 4.55 | 4.28 | 4.27 | 0.35 | 5.06 |
| Dividend Yield (%) | 5.36 | – | – | – | 5.86 | 4.92 |
| Enterprise Value / EBITDA | 10.56 | 11.60 | 11.98 | 13.67 | 13.03 | 13.91 |
| Enterprise Value / Sales | 0.38 | 0.40 | 0.39 | 0.43 | 0.40 | 0.47 |
Source: FactSet
Report created 2.6.20
With questions or concerns please contact:
Max Shiner – Analyst
Email: mshiner@martinwolf.com Phone: 925.215.2740