Financials Smartoptics Group

Equities

SMOP

NO0011012502

Communications & Networking

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-05-14 EDT			5-day change	1st Jan Change
18.3 ^NOK	-3.68%		-9.85%	+1.39%

05-09	Smartoptics Group as Approves Cash Dividend for 2023	CI
05-08	Transcript : Smartoptics Group AS, Q1 2024 Earnings Call, May 08, 2024

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	114.8	190.6	171	172.1	-
Enterprise Value (EV) ¹	107.4	187.4	163.7	162.9	164.7
P/E ratio	29.8 x	25.7 x	23.7 x	18.8 x	14.3 x
Yield	-	-	-	56.6%	58.1%
Capitalization / Revenue	2.5 x	3.28 x	2.92 x	2.34 x	1.94 x
EV / Revenue	2.34 x	3.22 x	2.8 x	2.21 x	1.85 x
EV / EBITDA	19.8 x	15.9 x	15.6 x	12 x	9.58 x
EV / FCF	-47.4 x	-78.2 x	16.5 x	16.3 x	20.6 x
FCF Yield	-2.11%	-1.28%	6.06%	6.14%	4.86%
Price to Book	4.74 x	6.76 x	5.76 x	5.83 x	5.55 x
Nbr of stocks (in thousands)	96,287	96,287	96,287	98,046	-
Reference price ²	1.192	1.980	1.776	1.755	1.755
Announcement Date	2/11/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	39.24	45.87	58.17	58.5	73.61	88.83
EBITDA ¹	-	5.43	11.78	10.52	13.52	17.19
EBIT ¹	-	4.767	10.24	8.659	11.74	15.29
Operating Margin	-	10.39%	17.6%	14.8%	15.95%	17.21%
Earnings before Tax (EBT) ¹	-	4.902	9.82	9.336	11.55	15.1
Net income ¹	1.607	3.824	7.446	7.282	9.01	11.78
Net margin	4.1%	8.34%	12.8%	12.45%	12.24%	13.26%
EPS ²	-	0.0400	0.0770	0.0750	0.0936	0.1224
Free Cash Flow ¹	-	-2.264	-2.396	9.916	10	8
FCF margin	-	-4.94%	-4.12%	16.95%	13.59%	9.01%
FCF Conversion (EBITDA)	-	-	-	94.28%	73.95%	46.53%
FCF Conversion (Net income)	-	-	-	136.17%	110.99%	67.9%
Dividend per Share ²	-	-	-	-	0.9930	1.020
Announcement Date	5/26/21	2/11/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	12.5	11.8	14.61	13.6	18.08	14.08	16.99	13.6	13.83	12.65	20	16	20
EBITDA ¹	1.466	1.798	3.342	3.1	3.531	2.601	3.179	2.7	2.039	1.062	4	3	3
EBIT ¹	1.246	1.4	2.968	2.7	3.122	2.181	2.727	2.2	1.536	0.504	4	3	2
Operating Margin	9.97%	11.86%	20.32%	19.85%	17.27%	15.49%	16.05%	16.18%	11.11%	3.98%	20%	18.75%	10%
Earnings before Tax (EBT) ¹	1.125	0.832	3.419	3.154	2.414	3.177	3.043	1.497	1.614	1.466	4	3	2
Net income ¹	0.878	0.649	2.667	2.46	1.669	2.478	2.374	1.168	1.259	1.12	3	2	2
Net margin	7.02%	5.5%	18.26%	18.09%	9.23%	17.6%	13.97%	8.59%	9.1%	8.85%	15%	12.5%	10%
EPS	0.009000	0.007000	0.0280	0.0260	0.0170	0.0250	0.0240	-	0.0130	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/11/22	5/4/22	8/9/22	10/25/22	2/16/23	5/11/23	8/23/23	11/8/23	2/15/24	5/8/24	-	-	-

¹USD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	7.41	3.2	7.25	9.2	7.32
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-2.26	-2.4	9.92	10	8
ROE (net income / shareholders' equity)	-	21%	30.2%	25.4%	31.2%	39.1%
ROA (Net income/ Total Assets)	-	12.2%	18.8%	15.6%	18.8%	23.1%
Assets ¹	-	31.31	39.7	46.74	47.92	51
Book Value Per Share ²	-	0.2500	0.2900	0.3100	0.3000	0.3200
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	0.59	1.29	1.89	1	1
Capex / Sales	-	1.28%	2.21%	3.23%	1.36%	1.13%
Announcement Date	5/26/21	2/11/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Smartoptics Group

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.755 USD

Average target price

1.973 USD

Spread / Average Target

+12.42%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Fiber Optic Cable Manufacturing

	1st Jan change	Capi.
SMARTOPTICS GROUP	+1.39%	172M
YANGTZE OPTICAL FIBRE AND CABLELIMITED COMPANY	+7.42%	1.97B
SHENZHEN SDG INFORMATION CO., LTD.	-5.42%	949M
WEIHAI HONGLIN ELECTRONIC CO., LTD.	-2.19%	788M
NANJING QUANXIN CABLE TECHNOLOGY CO., LTD.	-3.17%	593M
TIME INTERCONNECT TECHNOLOGY LIMITED	+56.39%	503M
FOCI FIBER OPTIC COMMUNICATIONS, INC.	+95.53%	405M
SICHUAN HUIYUAN OPTICAL COMMUNICATION CO., LTD.	-26.79%	245M
TIANJIN FUTONG INFORMATION SCIENCE&TECHNOLOGY CO.,LTD.	-55.97%	207M
SPACE SHUTTLE HI-TECH CO., LTD.	+33.59%	73.58M

Fiber Optic Cable Manufacturing