Goodtech ASA (GOD) Fair Value & Analysis

Industrials · NO · Market cap 406M NOK

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from kr 9.97 (bear) to kr 16.62 (bull), base kr 13.29. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 69/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range kr 6.84 – kr 14.80 · fair‑value band kr 9.97 – kr 16.62 · the kr 14.00 price screens above the kr 13.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Goodtech ASA (GOD) currently trades at kr 14.00, while our model-based Fair Value estimate is kr 13.29, implying the stock looks roughly 5.1% fairly valued today. The Quality Score stands at 69/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Goodtech ASA generated revenue of 700M NOK at a net margin of 4.6%. Revenue declined 12.1% year over year. It earns a return on equity of 12.5%. The balance sheet holds a net cash position of 48.2M NOK. Fundamentals as of Jul 20, 2026

Our scenario range runs from kr 9.97 (bear case) to kr 16.62 (bull case); at kr 14.00, the current price sits within 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 near its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -5%, GOD 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.

Widest divergence: DCF Models (kr 26.67) versus Asset-Based (kr 6.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Goodtech ASA provides control systems, digitization, and production optimization services for the manufacturing industry in Norway, Sweden, the United States, Japan, Demark, Chile, and internationally.

Full company description

Goodtech ASA provides control systems, digitization, and production optimization services for the manufacturing industry in Norway, Sweden, the United States, Japan, Demark, Chile, and internationally. The company provides a range of in-house developed and partner-driven technologies and customized solutions for energy storage and management, digital transformation maturity, control system for wind power, asset monitoring, manufacturing execution system, technical audit services, business intelligence, cyber security management system, food production line, data hub for industrialized IT/OT architecture, and WIZX providing data storage and cloud solutions, digital production system, and feasibility study services. It also offers robotic systems for handling, controlling, and logistics of bulk materials under the Portabulk brand; power and electrical, automation, and system integration solutions; constructs and rehabilitates transformer stations. The company was founded in 1913 and is headquartered in Oslo, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goodtech ASA reported revenue of kr 721M in FY2025 versus kr 536M in FY2021, a compound +7.7%/yr. Reported net income was kr 18.9M in FY2025.

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Peer Group

Engineering & Construction · 839 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.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

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.

Insider activity: 45/100

Values & ESG

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

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

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Frequently asked questions

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.