Itera ASA
Itera ASA provides IT services and business support solutions to clients in the industrial and commercial sectors.
Business. Itera ASA (ITERA.OL) is a business support services company operating within the Industrial & Commercial Services sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
1 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Itera ASA (ITERA.OL) is a business support services company operating within the Industrial & Commercial Services sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic revenue mix are not available.
Itera's capital structure shows a debt-to-equity ratio of 1.25, indicating moderate leverage. The company has NOK 78.88 million in long-term debt and NOK 36.07 million in cash and equivalents, resulting in a net cash position of NOK -42.81 million. The liquidity position is assessed as medium, with a current ratio of 1.04. The price-to-book ratio of 8.4 suggests the market is valuing the company significantly above its book value.
Profitability metrics show a return on equity of 22.05% and return on assets of 4.32%. These figures are above the industry median for business support services, indicating strong capital efficiency. The operating margin of 8.41% (NOK 19.24 million operating income on NOK 228.49 million revenue) is also above the sector average.
The company's revenue is concentrated in a single business segment, with no geographic diversification disclosed in the latest financials. This lack of diversification increases exposure to sector-specific risks. The operating cash flow is negative at NOK -6.53 million, but free cash flow is positive at NOK 19.51 million, driven by capital expenditures of NOK -2.90 million.
Looking ahead, revenue is projected to grow by 12.3% in the current fiscal year and 8.7% in the next fiscal year. The price-to-earnings ratio of 38.11 is significantly above the industry median, suggesting the market is pricing in strong future growth expectations. The company has a low dilution risk with no difference between basic and diluted shares outstanding.
Recent filings show mixed analyst sentiment, with one "hold" recommendation and no "buy" or "sell" ratings. The mean EPS estimate of NOK 0.66 is more than double the last actual EPS of NOK 0.28, indicating analysts expect significant earnings growth. No major regulatory or geopolitical risks are currently impacting the company's operations.
- Itera has strong capital efficiency with ROE of 22.05% but carries moderate leverage at 1.25 debt-to-equity
- The company generates positive free cash flow despite negative operating cash flow
- Analysts expect EPS to more than double from NOK 0.28 to NOK 0.66
- The stock trades at a premium to book value with a P/B ratio of 8.4
- Revenue growth is projected at 12.3% for the current fiscal year
Bull / Bear case
Generated · model-assistedFree cash flow surged 99.1% year-over-year to NOK 17.6 million in fiscal 2026, demonstrating improved cash generation.
Revenue grew at a 9.2% compound annual growth rate over the four-year period ending in fiscal 2026.
Debt-to-equity ratio of 1.25 places Itera in the bottom quartile of the Business Support Services cohort, indicating high leverage.
Cash conversion of -0.47 ranks in the bottom quartile of the cohort, suggesting poor translation of earnings to cash.
Current ratio of 0.46 indicates potential liquidity constraints, supported by a medium liquidity risk flag.
In focus — financials by report
Revenue kr 213.4M, +0,7% YoY; Operating income −48,8% YoY.
- ▍Revenue kr 213.4M, +0,7% YoY
- ▍Operating income −48,8% YoY
- ▍Net income −45,1% YoY
- ▍Free cash flow +93,5% YoY
- ▍Net margin 1.5%
Revenue kr 196.3M, +6,5% YoY; Operating income +5 039,5% YoY.
- ▍Revenue kr 196.3M, +6,5% YoY
- ▍Operating income +5 039,5% YoY
- ▍Net income +509,0% YoY
- ▍Free cash flow +60,2% YoY
- ▍Net margin 1.8%
Revenue kr 202.9M, −9,4% YoY; Operating income −79,4% YoY.
- ▍Revenue kr 202.9M, −9,4% YoY
- ▍Operating income −79,4% YoY
- ▍Net income −89,5% YoY
- ▍Free cash flow +5,4% YoY
- ▍Net margin 0.8%
Revenue kr 231.6M, +1,4% YoY; Operating income +9,4% YoY.
- ▍Revenue kr 231.6M, +1,4% YoY
- ▍Operating income +9,4% YoY
- ▍Net income +4,3% YoY
- ▍Free cash flow +0,5% YoY
- ▍Net margin 6.3%
Revenue kr 211.9M; Operating income kr 7.5M.
- ▍Revenue kr 211.9M
- ▍Operating income kr 7.5M
- ▍Net margin 2.7%
Revenue kr 184.2M; Operating income kr 147.0k.
- ▍Revenue kr 184.2M
- ▍Operating income kr 147.0k
- ▍Net margin -0.5%
Revenue kr 224.1M; Operating income kr 21.1M.
- ▍Revenue kr 224.1M
- ▍Operating income kr 21.1M
- ▍Net margin 7.2%
Revenue kr 228.5M; Operating income kr 19.2M.
- ▍Revenue kr 228.5M
- ▍Operating income kr 19.2M
- ▍Net margin 6.1%
Revenue kr 844.3M, −0,5% YoY; Operating income −23,4% YoY.
- ▍Revenue kr 844.3M, −0,5% YoY
- ▍Operating income −23,4% YoY
- ▍Net income −34,3% YoY
- ▍Free cash flow +99,1% YoY
- ▍Net margin 2.7%
Revenue kr 848.8M, −2,6% YoY; Operating income −38,7% YoY.
- ▍Revenue kr 848.8M, −2,6% YoY
- ▍Operating income −38,7% YoY
- ▍Net income −38,3% YoY
- ▍Free cash flow −28,3% YoY
- ▍Net margin 4.1%
Revenue kr 871.6M, +18,4% YoY; Operating income +1,5% YoY.
- ▍Revenue kr 871.6M, +18,4% YoY
- ▍Operating income +1,5% YoY
- ▍Net income +11,2% YoY
- ▍Free cash flow −66,1% YoY
- ▍Net margin 6.5%
Revenue kr 735.8M, +24,1% YoY; Operating income +0,2% YoY.
- ▍Revenue kr 735.8M, +24,1% YoY
- ▍Operating income +0,2% YoY
- ▍Net income +15,5% YoY
- ▍Free cash flow +38,3% YoY
- ▍Net margin 6.9%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,66 |
| Revenue | —no estimate | —no estimate | 904,0M NOK |
| Operating income | —no estimate | —no estimate | 70,0M NOK |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Apsatskoye Coal Mine | Mine | Coal | Russia | Operating company |
| Apsatskoye Coal Mine | Other | Coal | Russia | Operating company |
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Itera ASA Market data — financials · 2026-05-28
- Itera ASA Market data — analyst estimates · 2026-05-28
- Itera ASA Market data — ESG · 2026-05-28
Ownership & reference
Leadership
- Arne MjøsCEO
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Return on equity (FY 2024-12-31): 50.4%Derived (calculated)
- Debt-to-equity (FY 2024-12-31): 1.21xDerived (calculated)
- Current ratio (FY 2024-12-31): 0.46xDerived (calculated)
- Return on assets (FY 2024-12-31): 22.8%Derived (calculated)
- Net margin (FY 2024-12-31): 62.2%Derived (calculated)
- Current assets (annual): NOK 39.94MBRREG filing
- Total operating expenses (annual): NOK 67.02MBRREG filing
- Non current assets (annual): NOK 126.36MBRREG filing
- Finance expense (annual): NOK 5.2MBRREG filing
- Total equity & liabilities (annual): NOK 166.31MBRREG filing
- Shareholders' equity (annual): NOK 75.3MBRREG filing
- Revenue (annual): NOK 61.02MBRREG filing
- Net income (annual): NOK 37.95MBRREG filing
- Non current liabilities (annual): NOK 3.84MBRREG filing
- Pre-tax income (annual): NOK 37.9MBRREG filing
- Total liabilities (annual): NOK 91.01MBRREG filing
- Current liabilities (annual): NOK 87.17MBRREG filing
- Total assets (annual): NOK 166.31MBRREG filing
- Operating income (annual): NOK -6MBRREG filing