Elliptic Laboratories ASA
OSE:ELABS

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Elliptic Laboratories ASA
OSE:ELABS
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Price: 10.52 NOK -2.59% Market Closed
Market Cap: 1.1B NOK
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Intrinsic Value

The intrinsic value of one ELABS stock under the Base Case scenario is 24.53 NOK. Compared to the current market price of 10.52 NOK, Elliptic Laboratories ASA is Undervalued by 57%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ELABS Intrinsic Value
24.53 NOK
Undervaluation 57%
Intrinsic Value
Price
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Elliptic Laboratories ASA

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Elliptic Laboratories ASA

Current Assets 189.3m
Cash & Short-Term Investments 93.9m
Receivables 92.4m
Other Current Assets 3m
Non-Current Assets 167.1m
PP&E 18.5m
Intangibles 64.6m
Other Non-Current Assets 84m
Current Liabilities 25.7m
Accounts Payable 6.4m
Other Current Liabilities 19.4m
Non-Current Liabilities 13.2m
Long-Term Debt 13.2m
Efficiency

Earnings Waterfall
Elliptic Laboratories ASA

Revenue
87.2m NOK
Operating Expenses
-117.3m NOK
Operating Income
-30.1m NOK
Other Expenses
5.1m NOK
Net Income
-25m NOK

Free Cash Flow Analysis
Elliptic Laboratories ASA

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Elliptic Labs reported a 51% increase in revenue, reaching NOK 56.1 million year-to-date 2024, driven by new contracts in the PC and laptop segments. EBITDA improved significantly to NOK 0.81 million from a negative NOK 12.2 million last year, with an EBITDA margin of 14.3%. The company signed two new contracts, including its first in the consumer laptop segment, highlighting strong market momentum. Operating expenses slightly decreased, and a positive operating cash flow of NOK 1.9 million was achieved. A strong cash position of NOK 97 million supports continued growth.

What is Earnings Call?
Fundamental Scores

ELABS Profitability Score
Profitability Due Diligence

Elliptic Laboratories ASA's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

Exceptional Revenue Growth Forecast
Exceptional 3-Years Revenue Growth
Positive 1-Year Revenue Growth
Declining ROE
32/100
Profitability
Score

Elliptic Laboratories ASA's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

ELABS Solvency Score
Solvency Due Diligence

Elliptic Laboratories ASA's solvency score is 75/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Negative Net Debt
75/100
Solvency
Score

Elliptic Laboratories ASA's solvency score is 75/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ELABS Price Targets Summary
Elliptic Laboratories ASA

Wall Street analysts forecast ELABS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ELABS is 22.44 NOK with a low forecast of 22.22 NOK and a high forecast of 23.1 NOK.

Lowest
Price Target
22.22 NOK
111% Upside
Average
Price Target
22.44 NOK
113% Upside
Highest
Price Target
23.1 NOK
120% Upside
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Dividends

Elliptic Laboratories ASA
does not pay dividends
Shareholder Yield

Current shareholder yield for ELABS is .

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Profile

Elliptic Laboratories ASA Logo
Elliptic Laboratories ASA

Country

Norway

Industry

Technology

Market Cap

1.1B NOK

Dividend Yield

0%

Description

Elliptic Laboratories ASA operates as an AI virtual smart sensor platform. The company is headquartered in Oslo, Oslo. The company went IPO on 2020-10-16. The enterprise targets the smartphone, laptop, IoT, and automotive markets. The Company’s Artificial Intelligence (AI) software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture and presence sensing experiences. Elliptic Laboratories ASA has offices in San Francisco, Oslo and Shanghai.

Contact

OSLO
Oslo
Akersgata 32
www.ellipticlabs.com

IPO

2020-10-16

Employees

48

Officers

Co-Founder, President & CEO
Ms. Laila B. Danielsen
CFO & Investor Relations
Mr. Lars Holmoy
Executive Vice President of Sales & Business Development
Mr. Brian Daly
Executive Vice-President of Engineering
Mr. Espen Klovning
Founder
Dr. Tobias Dahl
Finance Director
Ms. Bente Høgnes
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Senior Vice President of Client AI Architecture
Mr. Nilesh Shah
Senior Vice President of Product Development
Mr. Ola Sandstad
Senior Financial Manager
Mathias Norderud
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See Also

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What is the Intrinsic Value of one ELABS stock?

The intrinsic value of one ELABS stock under the Base Case scenario is 24.53 NOK.

Is ELABS stock undervalued or overvalued?

Compared to the current market price of 10.52 NOK, Elliptic Laboratories ASA is Undervalued by 57%.

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