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Bouvet ASA (BOUV) Fair Value & Analysis

Technology · NO · Market cap 4.5B NOK

BA Bouvet ASA BOUV · OL
Pricekr 45.70
Fair Valuekr 70.08
Upside+53.4%
Quality77/100
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Mixed Growth
Thin margins · 8.6% net margin
generates free cash flow
6.83% dividend yield
Ranks above peers (10/13)
Wide moat 67/100
Evidence: High Range kr 51.46 – kr 87.60 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price +4.9% over the past month.

A strong business, screening 53% undervalued on our models.

What matters now

  • The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (kr 51.46). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

kr 75.31 kr 42.10 Fair Value kr 70.08 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 42.10 – kr 75.31 · fair‑value band kr 51.46 – kr 87.60 · the kr 45.70 price screens below the kr 70.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Bouvet ASA (BOUV) currently trades at kr 45.70, while our model-based Fair Value estimate is kr 70.08, implying the stock looks roughly 53.4% undervalued today. The Quality Score stands at 77/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bouvet ASA generated revenue of 3.9B NOK at a net margin of 8.6%. Revenue declined 3.5% year over year. It earns a return on equity of 65.3%. The balance sheet holds a net cash position of 265M NOK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 51.46 (bear case) to kr 87.60 (bull case); at kr 45.70, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 53%, BOUV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income kr 14.26 kr 17.10 kr 86.48 76
Growth DCF kr 43.61 kr 70.24 kr 113.04 72
Gordon GGM kr 32.59 kr 64.94 kr 98.34 70
All 26 models by family
DCF Models
FCF DCF kr 43.99 kr 73.39 kr 122.58 38
Owner Earnings kr 56.17 kr 94.92 kr 159.74 31
5Y Revenue Exit kr 46.08 kr 77.76 kr 120.94 39
5Y EBITDA Exit kr 51.35 kr 88.63 kr 135.50 41
5Y P/E Exit kr 50.65 kr 87.18 kr 129.01 38
10Y Revenue Exit kr 43.59 kr 73.02 kr 118.38 36
10Y EBITDA Exit kr 48.38 kr 80.81 kr 130.29 37
10Y P/E Exit kr 47.93 kr 79.77 kr 124.98 35
Earnings-Based
Graham-Dodd kr 23.83 kr 110.46 kr 151.71 54
Lynch FV kr 29.11 kr 41.59 kr 54.07 50
PEG = 1.0 kr 29.11 kr 41.59 kr 54.07 46
EPV kr 40.19 kr 45.64 kr 50.35 59
Dividend Discount
Gordon GGM kr 32.59 kr 64.94 kr 98.34 70
DDM Multi-Stage kr 32.59 kr 56.13 kr 68.55 61
Multiples
P/E Multiple kr 52.56 kr 70.08 kr 87.60 63
P/S Multiple kr 44.68 kr 59.57 kr 74.46 58
P/B Multiple kr 9.32 kr 12.43 kr 15.53 55
EV/EBIT kr 68.10 kr 88.92 kr 109.73 53
EV/EBITDA kr 59.37 kr 77.27 kr 95.17 54
EV/Revenue kr 47.75 kr 65.79 kr 83.83 43
Asset-Based
NCAV (Graham) kr 2.07 kr 2.78 kr 4.14 50
Growth DCF
Growth DCF kr 43.61 kr 70.24 kr 113.04 72
Rev-Margin DCF kr 46.08 kr 76.85 kr 116.57 67
Economic Profit
Residual Income kr 14.26 kr 17.10 kr 86.48 76
ROIC Compounder kr 40.19 kr 45.64 kr 50.35 67
Growth Earnings
Growth-Adj P/E kr 45.24 kr 64.63 kr 84.02 68

Widest divergence: DCF Models (kr 79.77) versus Asset-Based (kr 2.78). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.9B NOK
Revenue growth (YoY) -3.5%
Net margin 8.6%
Return on equity 65.3%
Free cash flow 321M NOK FY2025
P/E ratio 14.7
More key figures
Operating margin 12.3%
EPS (TTM) kr 3.23
Dividend yield 6.3%
EPS growth (YoY) -19.8%
Net cash 265M NOK FY2021

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 75 · Market factors (momentum, volatility) 37

Profitability 89
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bouvet ASA provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally. The company also provides spanning from strategy and management to system development, design, insight and analysis, artificial intelligence, data, and architecture.

Full company description

Bouvet ASA provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally. The company also provides spanning from strategy and management to system development, design, insight and analysis, artificial intelligence, data, and architecture. It serves sectors such as oil, gas and renewables, power supply, public administration and defence, industry, service provision, health, information and communication, transportation, and retail. The company was incorporated in 1995 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bouvet ASA reported revenue of kr 3.9B in FY2025 versus kr 2.7B in FY2021, a compound +9.8%/yr. Reported net income was kr 359M in FY2025, compounding +7.8%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.9B NOK
Latest YoY
−0.2%
Avg. growth/yr (3Y)
+8.2%
Avg. growth/yr (5Y)
+10.2%
Avg. growth/yr (17Y)
+12.1%
Revenue +9.8%/yr
FY21 kr 2.7B
FY22 kr 3.1B
FY23 kr 3.5B
FY24 kr 3.9B
FY25 kr 3.9B
Net income +7.8%/yr
FY21 kr 266M
FY22 kr 316M
FY23 kr 325M
FY24 kr 383M
FY25 kr 359M

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Cite: Fair Value Calculator (2026). "Bouvet ASA Fair Value". https://www.fairvalue-calculator.com/stock/BOUV

Peer Group

Information Technology Services · 480 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 77 · Top 25%
Fair Value upside +53% · Top 25%
Return on equity (TTM) 65% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 6.8% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than median
P/B 10.53× · Pricier than 75% of peers
P/S (TTM) 1.15× · Pricier than median
P/FCF 1.5× · Cheaper than median
EV/EBITDA 8.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 20
FUTURE 0 · sector 29
PAST 100 · sector 36
HEALTH 0 · sector 97
DIVIDEND 100 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Bouvet ASA (BOUV) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 70.08 versus a price of kr 45.70, about +53% (undervalued).
What is the fair value of BOUV?
Our model-based fair value for Bouvet ASA is kr 70.08 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 45.70.
What is the quality score of BOUV?
Bouvet ASA has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bouvet ASA (BOUV)?
Bouvet ASA reported trailing-twelve-month revenue of about 3.9B NOK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BOUV?
The net profit margin of Bouvet ASA is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does Bouvet ASA pay a dividend?
Bouvet ASA currently shows a dividend yield of about 6.32% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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