ATEA ASA (ATEA.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:ATEA • NO0004822503

147 NOK
+1.2 (+0.82%)
Last: Feb 5, 2026, 04:19 PM
Fundamental Rating

5

Taking everything into account, ATEA scores 5 out of 10 in our fundamental rating. ATEA was compared to 74 industry peers in the IT Services industry. ATEA has an average financial health and profitability rating. ATEA has a decent growth rate and is not valued too expensively. ATEA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • ATEA had positive earnings in the past year.
  • ATEA had a positive operating cash flow in the past year.
  • In the past 5 years ATEA has always been profitable.
  • Each year in the past 5 years ATEA had a positive operating cash flow.
ATEA.OL Yearly Net Income VS EBIT VS OCF VS FCFATEA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

  • ATEA's Return On Assets of 4.69% is in line compared to the rest of the industry. ATEA outperforms 55.41% of its industry peers.
  • ATEA's Return On Equity of 19.22% is fine compared to the rest of the industry. ATEA outperforms 79.73% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 16.13%, ATEA belongs to the top of the industry, outperforming 90.54% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ATEA is significantly below the industry average of 26.58%.
Industry RankSector Rank
ROA 4.69%
ROE 19.22%
ROIC 16.13%
ROA(3y)4.24%
ROA(5y)4.2%
ROE(3y)19.77%
ROE(5y)19.69%
ROIC(3y)16.22%
ROIC(5y)15.36%
ATEA.OL Yearly ROA, ROE, ROICATEA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • The Profit Margin of ATEA (2.17%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ATEA has grown nicely.
  • ATEA has a worse Operating Margin (3.54%) than 63.51% of its industry peers.
  • In the last couple of years the Operating Margin of ATEA has grown nicely.
  • With a Gross Margin value of 29.44%, ATEA is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of ATEA has grown nicely.
Industry RankSector Rank
OM 3.54%
PM (TTM) 2.17%
GM 29.44%
OM growth 3Y-1.56%
OM growth 5Y11.43%
PM growth 3Y-5.64%
PM growth 5Y9.16%
GM growth 3Y0.47%
GM growth 5Y7.27%
ATEA.OL Yearly Profit, Operating, Gross MarginsATEA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • ATEA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, ATEA has more shares outstanding
  • The number of shares outstanding for ATEA has been increased compared to 5 years ago.
  • ATEA has a better debt/assets ratio than last year.
ATEA.OL Yearly Shares OutstandingATEA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
ATEA.OL Yearly Total Debt VS Total AssetsATEA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • ATEA has an Altman-Z score of 3.37. This indicates that ATEA is financially healthy and has little risk of bankruptcy at the moment.
  • ATEA has a Altman-Z score of 3.37. This is in the better half of the industry: ATEA outperforms 67.57% of its industry peers.
  • The Debt to FCF ratio of ATEA is 3.18, which is a good value as it means it would take ATEA, 3.18 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.18, ATEA is in line with its industry, outperforming 56.76% of the companies in the same industry.
  • ATEA has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.42, ATEA perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.18
Altman-Z 3.37
ROIC/WACC1.91
WACC8.43%
ATEA.OL Yearly LT Debt VS Equity VS FCFATEA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • ATEA has a Current Ratio of 0.88. This is a bad value and indicates that ATEA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.88, ATEA is doing worse than 77.03% of the companies in the same industry.
  • A Quick Ratio of 0.78 indicates that ATEA may have some problems paying its short term obligations.
  • ATEA has a worse Quick ratio (0.78) than 77.03% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.78
ATEA.OL Yearly Current Assets VS Current LiabilitesATEA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.93% over the past year.
  • ATEA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.60% yearly.
  • Looking at the last year, ATEA shows a quite strong growth in Revenue. The Revenue has grown by 10.11% in the last year.
  • ATEA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.16% yearly.
EPS 1Y (TTM)7.93%
EPS 3Y-0.21%
EPS 5Y8.6%
EPS Q2Q%16.96%
Revenue 1Y (TTM)10.11%
Revenue growth 3Y6.67%
Revenue growth 5Y-1.16%
Sales Q2Q%5.64%

3.2 Future

  • Based on estimates for the next years, ATEA will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.48% on average per year.
  • The Revenue is expected to grow by 7.36% on average over the next years.
EPS Next Y9.44%
EPS Next 2Y19.99%
EPS Next 3Y17.48%
EPS Next 5YN/A
Revenue Next Year8.34%
Revenue Next 2Y7.82%
Revenue Next 3Y7.36%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ATEA.OL Yearly Revenue VS EstimatesATEA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10B 20B 30B 40B
ATEA.OL Yearly EPS VS EstimatesATEA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.81, which indicates a rather expensive current valuation of ATEA.
  • ATEA's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of ATEA to the average of the S&P500 Index (28.25), we can say ATEA is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 14.11 indicates a correct valuation of ATEA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ATEA indicates a somewhat cheap valuation: ATEA is cheaper than 62.16% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, ATEA is valued a bit cheaper.
Industry RankSector Rank
PE 19.81
Fwd PE 14.11
ATEA.OL Price Earnings VS Forward Price EarningsATEA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ATEA.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ATEA is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 17.69
EV/EBITDA 8.91
ATEA.OL Per share dataATEA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ATEA does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of ATEA may justify a higher PE ratio.
  • A more expensive valuation may be justified as ATEA's earnings are expected to grow with 17.48% in the coming years.
PEG (NY)2.1
PEG (5Y)2.3
EPS Next 2Y19.99%
EPS Next 3Y17.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • ATEA has a Yearly Dividend Yield of 4.55%, which is a nice return.
  • ATEA's Dividend Yield is rather good when compared to the industry average which is at 2.36. ATEA pays more dividend than 83.78% of the companies in the same industry.
  • ATEA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.55%

5.2 History

  • The dividend of ATEA has a limited annual growth rate of 1.53%.
Dividend Growth(5Y)1.53%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • ATEA pays out 97.87% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ATEA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP97.87%
EPS Next 2Y19.99%
EPS Next 3Y17.48%
ATEA.OL Yearly Income VS Free CF VS DividendATEA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
ATEA.OL Dividend Payout.ATEA.OL Dividend Payout, showing the Payout Ratio.ATEA.OL Dividend Payout.PayoutRetained Earnings

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ATEA ASA

OSL:ATEA (2/5/2026, 4:19:59 PM)

147

+1.2 (+0.82%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)10-23
Earnings (Next)02-10
Inst Owners53.7%
Inst Owner ChangeN/A
Ins Owners0.39%
Ins Owner ChangeN/A
Market Cap16.52B
Revenue(TTM)36.74B
Net Income(TTM)798.00M
Analysts82
Price Target174.01 (18.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.55%
Yearly Dividend7.01
Dividend Growth(5Y)1.53%
DP97.87%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.56%
Min EPS beat(2)-35.11%
Max EPS beat(2)5.99%
EPS beat(4)2
Avg EPS beat(4)-13.02%
Min EPS beat(4)-35.11%
Max EPS beat(4)5.99%
EPS beat(8)3
Avg EPS beat(8)-10.54%
EPS beat(12)5
Avg EPS beat(12)-6.05%
EPS beat(16)7
Avg EPS beat(16)-4.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.73%
Min Revenue beat(2)-3.95%
Max Revenue beat(2)-3.52%
Revenue beat(4)1
Avg Revenue beat(4)-3.43%
Min Revenue beat(4)-8.86%
Max Revenue beat(4)2.61%
Revenue beat(8)1
Avg Revenue beat(8)-7.71%
Revenue beat(12)1
Avg Revenue beat(12)-9.64%
Revenue beat(16)1
Avg Revenue beat(16)-16.1%
PT rev (1m)2.4%
PT rev (3m)2.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.32%
EPS NY rev (3m)3.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.02%
Valuation
Industry RankSector Rank
PE 19.81
Fwd PE 14.11
P/S 0.45
P/FCF 17.69
P/OCF 11.95
P/B 3.98
P/tB N/A
EV/EBITDA 8.91
EPS(TTM)7.42
EY5.05%
EPS(NY)10.42
Fwd EY7.09%
FCF(TTM)8.31
FCFY5.65%
OCF(TTM)12.3
OCFY8.37%
SpS326.93
BVpS36.95
TBVpS-9.36
PEG (NY)2.1
PEG (5Y)2.3
Graham Number78.54
Profitability
Industry RankSector Rank
ROA 4.69%
ROE 19.22%
ROCE 20.72%
ROIC 16.13%
ROICexc 18.85%
ROICexgc 599.31%
OM 3.54%
PM (TTM) 2.17%
GM 29.44%
FCFM 2.54%
ROA(3y)4.24%
ROA(5y)4.2%
ROE(3y)19.77%
ROE(5y)19.69%
ROIC(3y)16.22%
ROIC(5y)15.36%
ROICexc(3y)21.54%
ROICexc(5y)20.76%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.83%
ROCE(5y)19.73%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y0.9%
ROICexc growth 5Y0.34%
OM growth 3Y-1.56%
OM growth 5Y11.43%
PM growth 3Y-5.64%
PM growth 5Y9.16%
GM growth 3Y0.47%
GM growth 5Y7.27%
F-Score6
Asset Turnover2.16
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.18
Debt/EBITDA 0.85
Cap/Depr 58.18%
Cap/Sales 1.22%
Interest Coverage 250
Cash Conversion 66.73%
Profit Quality 117.04%
Current Ratio 0.88
Quick Ratio 0.78
Altman-Z 3.37
F-Score6
WACC8.43%
ROIC/WACC1.91
Cap/Depr(3y)56.41%
Cap/Depr(5y)54.8%
Cap/Sales(3y)1.13%
Cap/Sales(5y)1.07%
Profit Quality(3y)158.62%
Profit Quality(5y)151.25%
High Growth Momentum
Growth
EPS 1Y (TTM)7.93%
EPS 3Y-0.21%
EPS 5Y8.6%
EPS Q2Q%16.96%
EPS Next Y9.44%
EPS Next 2Y19.99%
EPS Next 3Y17.48%
EPS Next 5YN/A
Revenue 1Y (TTM)10.11%
Revenue growth 3Y6.67%
Revenue growth 5Y-1.16%
Sales Q2Q%5.64%
Revenue Next Year8.34%
Revenue Next 2Y7.82%
Revenue Next 3Y7.36%
Revenue Next 5YN/A
EBIT growth 1Y7.52%
EBIT growth 3Y5%
EBIT growth 5Y10.15%
EBIT Next Year68.13%
EBIT Next 3Y27.64%
EBIT Next 5YN/A
FCF growth 1Y-36.46%
FCF growth 3Y27.77%
FCF growth 5Y0.38%
OCF growth 1Y-24.15%
OCF growth 3Y22.77%
OCF growth 5Y1.34%

ATEA ASA / ATEA.OL FAQ

Can you provide the ChartMill fundamental rating for ATEA ASA?

ChartMill assigns a fundamental rating of 5 / 10 to ATEA.OL.


What is the valuation status of ATEA ASA (ATEA.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to ATEA ASA (ATEA.OL). This can be considered as Fairly Valued.


What is the profitability of ATEA stock?

ATEA ASA (ATEA.OL) has a profitability rating of 6 / 10.


Can you provide the financial health for ATEA stock?

The financial health rating of ATEA ASA (ATEA.OL) is 4 / 10.


Can you provide the expected EPS growth for ATEA stock?

The Earnings per Share (EPS) of ATEA ASA (ATEA.OL) is expected to grow by 9.44% in the next year.