Techstep ASA (Norway) Performance
| TECH Stock | NOK 12.05 0.10 0.82% |
Techstep ASA has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Techstep ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Techstep ASA is expected to be smaller as well. Techstep ASA right now has a risk of 3.19%. Please validate Techstep ASA downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Techstep ASA will be following its existing price patterns.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Techstep ASA are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent essential indicators, Techstep ASA is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 27.2 M | |
| Total Cashflows From Investing Activities | -174.6 M | |
| Free Cash Flow | -61.3 M |
Techstep |
Techstep ASA Relative Risk vs. Return Landscape
If you would invest 1,180 in Techstep ASA on September 4, 2024 and sell it today you would earn a total of 25.00 from holding Techstep ASA or generate 2.12% return on investment over 90 days. Techstep ASA is generating 0.0815% of daily returns and assumes 3.1872% volatility on return distribution over the 90 days horizon. Simply put, 28% of stocks are less volatile than Techstep, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Techstep ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techstep ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Techstep ASA, and traders can use it to determine the average amount a Techstep ASA's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0256
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Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Techstep ASA is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Techstep ASA by adding it to a well-diversified portfolio.
Techstep ASA Fundamentals Growth
Techstep Stock prices reflect investors' perceptions of the future prospects and financial health of Techstep ASA, and Techstep ASA fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Techstep Stock performance.
| Return On Equity | -0.12 | |||
| Return On Asset | -0.0187 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 617.79 M | |||
| Shares Outstanding | 305.13 M | |||
| Price To Earning | 40.78 X | |||
| Price To Book | 0.69 X | |||
| Price To Sales | 0.26 X | |||
| Revenue | 1.31 B | |||
| EBITDA | 53.08 M | |||
| Cash And Equivalents | 50.35 M | |||
| Cash Per Share | 0.31 X | |||
| Total Debt | 97.36 M | |||
| Debt To Equity | 13.70 % | |||
| Book Value Per Share | 2.38 X | |||
| Cash Flow From Operations | 128.93 M | |||
| Earnings Per Share | (0.34) X | |||
| Total Asset | 1.31 B | |||
About Techstep ASA Performance
By examining Techstep ASA's fundamental ratios, stakeholders can obtain critical insights into Techstep ASA's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Techstep ASA is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Techstep ASA provides digital workplace services in Norway and Sweden. The company also provides industry-leading cloud-based PBX solutions and enterprise mobility management services, including mobile security, system design, implementation, and mobile device management services. TECHSTEP ASA operates under Internet And Networking Services classification in Norway and is traded on Oslo Stock Exchange. It employs 223 people.Things to note about Techstep ASA performance evaluation
Checking the ongoing alerts about Techstep ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Techstep ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Techstep ASA had very high historical volatility over the last 90 days | |
| Techstep ASA has high likelihood to experience some financial distress in the next 2 years | |
| Techstep ASA has accumulated 97.36 M in total debt with debt to equity ratio (D/E) of 13.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Techstep ASA has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Techstep ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Techstep ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Techstep ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Techstep to invest in growth at high rates of return. When we think about Techstep ASA's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.31 B. Net Loss for the year was (103.05 M) with profit before overhead, payroll, taxes, and interest of 459.79 M. | |
| About 40.0% of Techstep ASA outstanding shares are owned by corporate insiders |
- Analyzing Techstep ASA's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Techstep ASA's stock is overvalued or undervalued compared to its peers.
- Examining Techstep ASA's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Techstep ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Techstep ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Techstep ASA's stock. These opinions can provide insight into Techstep ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Techstep Stock
Techstep ASA financial ratios help investors to determine whether Techstep Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Techstep with respect to the benefits of owning Techstep ASA security.