Techstep ASA (TECH) Fair Value & Analysis
Technology · NO · Market cap 337M NOK
Fair value as of: Jun 24, 2026
From 3 valuation models · updated 5 days ago
Share price −16.3% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 7.66 – kr 13.30 · fair‑value band kr 31.92 – kr 53.19 · the kr 7.98 price screens below the kr 42.56 fair value. As of Jun 24, 2026.
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Techstep ASA (TECH) currently trades at kr 7.98, while our model-based Fair Value estimate is kr 42.56 — implying the stock looks roughly 433.3% undervalued today. We read business quality at 95/100 (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: low) — always confirm before acting.
Over the trailing twelve months, Techstep ASA generated revenue of 972M NOK at a net margin of -12.0%. Revenue declined 11.8% year over year. It earns a return on equity of -23.3%. Net debt stands at 180M NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Techstep ASA operates as a mobile technology company in Norway, Sweden, Denmark, and Poland. The company offers office and hybrid worker solutions, such as flexible device options, asset management, automatic device setup, managed and secured devices, and device swaps and upgrades; and frontline and field workers solutions. It also provides Device Lifecycle Management Platform which enables it vendors to scale and optimize device-as-a-service business; Essentials MDM that provides mobile device management; and Essentials Mobile Threat Defense, An EU-compliant solution combining Techstep Essentials MDM and Pradeo MTD to manage, protect, and comply with one secure platform. In addition, the company offers mobile devices and accessories; procurement, logistics, and lifecycle; device management and security; and mobile technology consultancy. Techstep ASA has a strategic partnership with Pradeo Security Systems SAS for the development of a joint mobile device management (MDM) and mobile…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Techstep ASA reported revenue of kr 1.0B in FY2025 versus kr 1.3B in FY2021, a compound −6.4%/yr. Reported net income was −kr 94.0M in FY2025.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.