CRAYON GROUP HOLDING AS (CRAYN.OL) Stock Fundamental Analysis
OSL:CRAYN - Euronext Oslo - NO0010808892 - Common Stock - Currency: NOK
CRAYN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 97 industry peers in the Software industry. While CRAYN is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CRAYN.
1. Profitability
1.1 Basic Checks
In the past year CRAYN was profitable.
In the past year CRAYN had a positive cash flow from operations.
CRAYN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CRAYN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.31%, CRAYN is in line with its industry, outperforming 49.48% of the companies in the same industry.
The Return On Equity of CRAYN (8.68%) is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 11.38%, CRAYN belongs to the best of the industry, outperforming 85.57% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CRAYN is below the industry average of 10.77%.
The last Return On Invested Capital (11.38%) for CRAYN is above the 3 year average (8.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.31% | ||
| ROE | 8.68% | ||
| ROIC | 11.38% |
ROA(3y)0.27%
ROA(5y)0.94%
ROE(3y)1.7%
ROE(5y)5.34%
ROIC(3y)8.15%
ROIC(5y)8.32%
1.3 Margins
CRAYN has a Profit Margin (3.67%) which is in line with its industry peers.
In the last couple of years the Profit Margin of CRAYN has declined.
CRAYN has a Operating Margin of 11.42%. This is in the better half of the industry: CRAYN outperforms 64.95% of its industry peers.
In the last couple of years the Operating Margin of CRAYN has grown nicely.
CRAYN has a better Gross Margin (89.62%) than 89.69% of its industry peers.
In the last couple of years the Gross Margin of CRAYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.42% | ||
| PM (TTM) | 3.67% | ||
| GM | 89.62% |
OM growth 3Y-1%
OM growth 5Y62.81%
PM growth 3Y-16.95%
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y46.49%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CRAYN is still creating some value.
Compared to 1 year ago, CRAYN has more shares outstanding
The number of shares outstanding for CRAYN has been increased compared to 5 years ago.
The debt/assets ratio for CRAYN has been reduced compared to a year ago.
2.2 Solvency
CRAYN has an Altman-Z score of 0.96. This is a bad value and indicates that CRAYN is not financially healthy and even has some risk of bankruptcy.
CRAYN has a Altman-Z score of 0.96. This is in the lower half of the industry: CRAYN underperforms 67.01% of its industry peers.
CRAYN has a debt to FCF ratio of 1.66. This is a very positive value and a sign of high solvency as it would only need 1.66 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.66, CRAYN is doing good in the industry, outperforming 71.13% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that CRAYN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.55, CRAYN is doing worse than 62.89% of the companies in the same industry.
Although CRAYN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 0.96 |
ROIC/WACC1.2
WACC9.46%
2.3 Liquidity
CRAYN has a Current Ratio of 0.99. This is a bad value and indicates that CRAYN is not financially healthy enough and could expect problems in meeting its short term obligations.
CRAYN has a Current ratio of 0.99. This is in the lower half of the industry: CRAYN underperforms 69.07% of its industry peers.
A Quick Ratio of 0.99 indicates that CRAYN may have some problems paying its short term obligations.
With a Quick ratio value of 0.99, CRAYN is not doing good in the industry: 68.04% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
CRAYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 191.50%, which is quite impressive.
CRAYN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.95% yearly.
The Revenue has grown by 9.63% in the past year. This is quite good.
CRAYN shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -12.43% yearly.
EPS 1Y (TTM)191.5%
EPS 3Y8.95%
EPS 5YN/A
EPS Q2Q%130.54%
Revenue 1Y (TTM)9.63%
Revenue growth 3Y25.66%
Revenue growth 5Y-12.43%
Sales Q2Q%2.11%
3.2 Future
Based on estimates for the next years, CRAYN will show a very strong growth in Earnings Per Share. The EPS will grow by 48.55% on average per year.
The Revenue is expected to decrease by -1.25% on average over the next years.
EPS Next Y108.12%
EPS Next 2Y65.95%
EPS Next 3Y48.55%
EPS Next 5YN/A
Revenue Next Year13.29%
Revenue Next 2Y13.92%
Revenue Next 3Y13.37%
Revenue Next 5Y-1.25%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 32.32, CRAYN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, CRAYN is valued a bit cheaper than 69.07% of the companies in the same industry.
CRAYN's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.29.
Based on the Price/Forward Earnings ratio of 15.54, the valuation of CRAYN can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRAYN indicates a rather cheap valuation: CRAYN is cheaper than 86.60% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, CRAYN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.32 | ||
| Fwd PE | 15.54 |
4.2 Price Multiples
78.35% of the companies in the same industry are more expensive than CRAYN, based on the Enterprise Value to EBITDA ratio.
91.75% of the companies in the same industry are more expensive than CRAYN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.49 | ||
| EV/EBITDA | 10.01 |
4.3 Compensation for Growth
CRAYN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CRAYN may justify a higher PE ratio.
CRAYN's earnings are expected to grow with 48.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y65.95%
EPS Next 3Y48.55%
5. Dividend
5.1 Amount
CRAYN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:CRAYN (5/6/2025, 7:00:00 PM)
125.4
+1.4 (+1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners63.5%
Inst Owner ChangeN/A
Ins Owners0.82%
Ins Owner ChangeN/A
Market Cap11.23B
Analysts82.67
Price Target143.67 (14.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-37.27%
Min EPS beat(2)-60.61%
Max EPS beat(2)-13.94%
EPS beat(4)1
Avg EPS beat(4)-17.83%
Min EPS beat(4)-60.61%
Max EPS beat(4)34.11%
EPS beat(8)2
Avg EPS beat(8)-52.03%
EPS beat(12)3
Avg EPS beat(12)-63.05%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-9.71%
Min Revenue beat(2)-9.83%
Max Revenue beat(2)-9.59%
Revenue beat(4)1
Avg Revenue beat(4)-5.61%
Min Revenue beat(4)-9.83%
Max Revenue beat(4)1.05%
Revenue beat(8)4
Avg Revenue beat(8)-2.62%
Revenue beat(12)5
Avg Revenue beat(12)-20%
Revenue beat(16)5
Avg Revenue beat(16)-36.3%
PT rev (1m)0%
PT rev (3m)-5.62%
EPS NQ rev (1m)-11.15%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-13.62%
Revenue NQ rev (1m)-2.24%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-2.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.32 | ||
| Fwd PE | 15.54 | ||
| P/S | 1.6 | ||
| P/FCF | 9.49 | ||
| P/OCF | 8.43 | ||
| P/B | 3.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.01 |
EPS(TTM)3.88
EY3.09%
EPS(NY)8.07
Fwd EY6.43%
FCF(TTM)13.21
FCFY10.53%
OCF(TTM)14.88
OCFY11.87%
SpS78.29
BVpS33.06
TBVpS-10.97
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.31% | ||
| ROE | 8.68% | ||
| ROCE | 16.82% | ||
| ROIC | 11.38% | ||
| ROICexc | 17.44% | ||
| ROICexgc | N/A | ||
| OM | 11.42% | ||
| PM (TTM) | 3.67% | ||
| GM | 89.62% | ||
| FCFM | 16.87% |
ROA(3y)0.27%
ROA(5y)0.94%
ROE(3y)1.7%
ROE(5y)5.34%
ROIC(3y)8.15%
ROIC(5y)8.32%
ROICexc(3y)11.91%
ROICexc(5y)28.33%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)12.05%
ROCE(5y)12.29%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y22.85%
ROICexc growth 5Y8.87%
OM growth 3Y-1%
OM growth 5Y62.81%
PM growth 3Y-16.95%
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y46.49%
F-Score6
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | 1.42 | ||
| Cap/Depr | 44.51% | ||
| Cap/Sales | 2.14% | ||
| Interest Coverage | 2.69 | ||
| Cash Conversion | 117.14% | ||
| Profit Quality | 460.31% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 0.96 |
F-Score6
WACC9.46%
ROIC/WACC1.2
Cap/Depr(3y)45.9%
Cap/Depr(5y)48.63%
Cap/Sales(3y)2.42%
Cap/Sales(5y)2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)191.5%
EPS 3Y8.95%
EPS 5YN/A
EPS Q2Q%130.54%
EPS Next Y108.12%
EPS Next 2Y65.95%
EPS Next 3Y48.55%
EPS Next 5YN/A
Revenue 1Y (TTM)9.63%
Revenue growth 3Y25.66%
Revenue growth 5Y-12.43%
Sales Q2Q%2.11%
Revenue Next Year13.29%
Revenue Next 2Y13.92%
Revenue Next 3Y13.37%
Revenue Next 5Y-1.25%
EBIT growth 1Y81.22%
EBIT growth 3Y24.41%
EBIT growth 5Y42.57%
EBIT Next Year59.64%
EBIT Next 3Y30.07%
EBIT Next 5YN/A
FCF growth 1Y-6.11%
FCF growth 3YN/A
FCF growth 5Y59.47%
OCF growth 1Y-5.66%
OCF growth 3Y272.45%
OCF growth 5Y47.49%