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1. Company Snapshot

1.a. Company Description

Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally.The company designs, develops, and provides advisory services on IT solutions and digital communication.Bouvet ASA was founded in 2002 and is based in Oslo, Norway.

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1.b. Last Insights on BOUV

Bouvet ASA's recent performance was driven by the European market's resilience, with the pan-European STOXX Europe 600 Index rebounding by 3.93% in April 2025, buoyed by the European Central Bank's rate cuts and a temporary reprieve from higher tariffs. This positive sentiment highlights opportunities for high-growth tech stocks that can leverage favorable monetary policies and adapt to trade uncertainties while maintaining robust innovation and market adaptability.

1.c. Company Highlights

2. Transcript Summary

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.39%)

6. Segments

Oil & Gas

Expected Growth: 8%

Bouvet ASA's 8% growth in Oil & Gas is driven by increasing global energy demand, rising oil prices, and strategic acquisitions. Additionally, the company's focus on digitalization, operational efficiency, and cost reduction initiatives have contributed to its growth. Furthermore, Bouvet's strong presence in the Norwegian Continental Shelf and its diversified customer base have also supported its expansion.

Public Admin

Expected Growth: 6%

Bouvet ASA's Public Admin segment growth is driven by increasing demand for digital transformation, cloud-based services, and cybersecurity solutions in the public sector. The Norwegian government's digitalization initiatives and investments in e-government platforms also contribute to this growth.

Power Supply

Expected Growth: 7%

Bouvet ASA's 7% growth in Power Supply is driven by increasing demand for renewable energy, electrification of transportation, and rising adoption of IoT devices. Additionally, advancements in technology, such as GaN and SiC, are improving power supply efficiency, further fueling growth. Government initiatives and regulations promoting sustainable energy solutions also contribute to this growth.

Service Industry

Expected Growth: 5%

Bouvet ASA's 5% growth in the Service Industry is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity services. Additionally, the company's expertise in IT consulting, data analytics, and artificial intelligence is in high demand, contributing to its growth. Furthermore, the company's strong presence in the Nordic region and its ability to deliver innovative solutions to clients are also key growth drivers.

Transportation

Expected Growth: 8%

Bouvet ASA's 8% growth in Transportation is driven by increasing demand for digital logistics, rising e-commerce sales, and growing need for efficient supply chain management. Additionally, investments in electric and autonomous vehicles, as well as government initiatives to reduce carbon emissions, are contributing to the segment's growth.

Industry

Expected Growth: 9%

Bouvet ASA's 9% growth in the IT consulting industry is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity services. The company's expertise in Microsoft Dynamics and Azure, as well as its strong presence in the Nordic region, contribute to its growth. Additionally, the rising need for data analytics and artificial intelligence solutions also fuels Bouvet's expansion.

Info and Communication

Expected Growth: 10%

Bouvet ASA's 10% growth in Info and Communication is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity services. The company's expertise in IT consulting, software development, and data analytics also contributes to its growth. Additionally, the rising need for businesses to invest in digital infrastructure and technology to stay competitive fuels Bouvet's expansion.

Retail

Expected Growth: 7%

Bouvet ASA's 7% retail growth is driven by increasing e-commerce adoption, strategic partnerships, and investments in digital transformation. Additionally, the company's focus on customer experience, omnichannel presence, and effective supply chain management contribute to its growth momentum.

Other

Expected Growth: 6%

Bouvet ASA's 6% growth is driven by increasing demand for digital transformation services, expansion into new markets, and strategic acquisitions. The company's strong track record in delivering complex IT projects, coupled with its expertise in emerging technologies such as AI and cloud computing, has enabled it to capitalize on the growing need for digitalization in various industries.

Health

Expected Growth: 8%

Bouvet ASA's Health segment growth of 8% is driven by increasing demand for digital healthcare solutions, government initiatives promoting healthcare IT, and strategic partnerships with healthcare providers. Additionally, the company's focus on innovation, customer-centric approach, and expansion into new markets contribute to its growth momentum.

7. Detailed Products

Digital Transformation

Bouvet ASA provides digital transformation services to help businesses adapt to the digital age. This includes strategy development, process optimization, and technology implementation.

Cloud Services

Bouvet ASA offers cloud services, including cloud migration, management, and security. This enables businesses to leverage the scalability and flexibility of cloud computing.

Cybersecurity

Bouvet ASA provides cybersecurity services to help businesses protect themselves against cyber threats. This includes risk assessments, penetration testing, and incident response.

Data Analytics

Bouvet ASA offers data analytics services to help businesses gain insights from their data. This includes data integration, visualization, and machine learning.

Custom Software Development

Bouvet ASA provides custom software development services to help businesses build tailored solutions. This includes design, development, testing, and maintenance.

8. Bouvet ASA's Porter Forces

Forces Ranking

Threat Of Substitutes

Bouvet ASA operates in a niche market with limited substitutes, but there are some alternatives available to customers.

Bargaining Power Of Customers

Bouvet ASA's customers have limited bargaining power due to the specialized nature of the company's services.

Bargaining Power Of Suppliers

Bouvet ASA's suppliers have some bargaining power due to the company's dependence on a few key suppliers.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in Bouvet ASA's market, including the need for specialized expertise and equipment.

Intensity Of Rivalry

The intensity of rivalry in Bouvet ASA's market is high due to the presence of several established competitors.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 41.45%
Debt Cost 3.95%
Equity Weight 58.55%
Equity Cost 7.84%
WACC 6.22%
Leverage 70.78%

11. Quality Control: Bouvet ASA passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Bouvet

A-Score: 6.8/10

Value: 4.4

Growth: 8.2

Quality: 6.7

Yield: 9.4

Momentum: 3.0

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Neurones

A-Score: 6.0/10

Value: 5.1

Growth: 6.6

Quality: 7.1

Yield: 6.9

Momentum: 2.5

Volatility: 8.0

1-Year Total Return ->

Stock-Card
Nedap

A-Score: 6.0/10

Value: 2.0

Growth: 3.4

Quality: 7.0

Yield: 6.2

Momentum: 10.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Altia Consultores

A-Score: 5.8/10

Value: 2.6

Growth: 8.2

Quality: 6.9

Yield: 1.9

Momentum: 9.0

Volatility: 6.3

1-Year Total Return ->

Stock-Card
Proact IT Group

A-Score: 4.9/10

Value: 7.0

Growth: 7.0

Quality: 5.3

Yield: 5.0

Momentum: 0.5

Volatility: 4.3

1-Year Total Return ->

Stock-Card
Izertis

A-Score: 4.3/10

Value: 2.1

Growth: 8.8

Quality: 3.4

Yield: 0.0

Momentum: 2.0

Volatility: 9.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

61.5$

Current Price

61.5$

Potential

-0.00%

Expected Cash-Flows