Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
ECIT AS provides IT, finance and accounting, and technology solutions in Norway and internationally. The company offers finance and accounting services, including accounting, payroll, and HR, as well as process management, reporting/controlling, annual reports/tax, advisory, and debt collection; IT services and support, such as managed services, hosting and hybrid cloud, IT consulting, and digitalization. It also provides technology solutions comprising ERP and accounting, payroll, workflow, office support, automation, and robotics/artificial intelligence. ECIT AS was founded in 2013 and is based in Fornebu, Norway.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB