SMOP Stock Analysis: Smartoptics AS | OL

Open-Line Systems, Wavelength Multiplexers, Signal Converters, Network Software

Total Rating 60

Safety 82

Buy Signal 0.40

Communication Equipment
Industry Rotation: -12.9

Market Cap: 602M
Avg Turnover: 9.38M

Risk 3d forecast

Volatility100%

VaR 5^th Pctl16.1%

VaR vs Median-2.88%

Reward TTM

Sharpe Ratio1.63

Rel. Str. IBD94.6

Rel. Str. Peer Group95.2 pctl

Character TTM

Beta1.468

Beta Downside1.139

Hurst Exponent0.396

Choppyness72.5%

Drawdowns 3y

Max DD36.74%

CAGR/Max DD1.28

CAGR/Mean DD3.52

EPS (Earnings per Share)

EPS CAGR: 49.29%
EPS Trend: 43.8%

Last SUE: 1.48
Qual. Beats: 1

Revenue

Rev. CAGR: 16.49%
Rev. Trend: 73.7%

Last SUE: 0.08
Qual. Beats: 0

Warnings

P/E Ratio 77.8

Fakeout

Extended 1w

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality

Not enough history

Description: SMOP Smartoptics AS

Smartoptics Group ASA (OL: SMOP) provides optical networking equipment and software for metro, regional, and metro-access networks. Its offerings include open-line systems, multiplexers, transponders, optical add/drop devices, transceivers, and the SoSmart software suite.

The company sells to enterprises, governments, cloud providers, internet exchanges, and cable and telecom operators, both directly and through distributors, OEMs, and value-added resellers. Optical networking systems transmit data over fiber-optic networks and help operators build and manage network capacity. Founded in 1990, Smartoptics is headquartered in Oslo, Norway.

Headlines to Watch Out For

Cloud and data-center demand drives optical networking revenue growth
Higher-margin open-line systems support profitability
Telecom spending cycles and competition pressure orders and margins

Piotroski VR-10 (Strict) 7.0

Net Income: 7.20m TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.09 > 1.0
NWC/Revenue: 26.21% < 20% (prev 36.56%; Δ -10.34% < -1%)
CFO/TA 0.20 > 3% & CFO 13.3m > Net Income 7.20m
Net Debt (4.02m) to EBITDA (12.7m): 0.32 < 3
Current Ratio: 1.92 > 1.5 & < 3
Outstanding Shares: last quarter (98.0m) vs 12m ago -0.00% < -2%
Gross Margin: 47.28% > 18% (prev 48.15%; Δ -0.87% > 0.5%)
Asset Turnover: 161.3% > 50% (prev 125.9%; Δ 35.44% > 0%)
Interest Coverage Ratio: 41.32 > 6 (EBIT TTM 9.79m / Interest Expense TTM 237k)

Altman Z'' 4.94

A: 0.37 (Total Current Assets 51.5m - Total Current Liabilities 26.9m) / Total Assets 66.6m
B: 0.19 (Retained Earnings 12.8m / Total Assets 66.6m)
C: 0.17 (EBIT TTM 9.79m / Avg Total Assets 58.3m)
D: 0.72 (Book Value of Equity 27.9m / Total Liabilities 38.7m)
Altman-Z'' = 4.94 = AAA

Beneish M -2.83

DSRI: 0.89 (Receivables 26.4m/19.8m, Revenue 94.0m/62.9m)
GMI: 1.02 (GM 48.15% / 47.28%)
AQI: 0.87 (AQ_t 0.07 / AQ_t-1 0.09)
SGI: 1.50 (Revenue 94.0m / 62.9m)
TATA: -0.09 (NI 7.20m - CFO 13.3m) / TA 66.6m)
Beneish M = -2.83 (Cap -4..+1) = A

What is the price of SMOP shares?

As of October 30, 2026, the stock is trading at NOK 57.00 with a total of 1,570,043 shares traded. Over the past week, the price has changed by +26.95%, over one month by +15.38%, over three months by +31.34% and over the past year by +86.03%.

Current recommended Stop Loss: 50.40 (which is 11.6% or 2.7 ATR below the current price).

Is SMOP a buy, sell or hold?

Smartoptics AS has no consensus analysts rating.

Smartoptics AS (SMOP) - Fundamental Data Overview as of 30 October 2026

Market Cap USD = 602.1m (5.57b NOK * 0.10811 NOK.USD)
Market Cap USD = 602.1m (5.57b NOK * 0.10811 NOK.USD)
P/E Trailing = 77.8082
P/E Forward = 30.3951
P/S = 59.2338
P/B = 18.5405
Revenue TTM = 94.0m USD
EBIT TTM = 9.79m USD
EBITDA TTM = 12.7m USD
Long Term Debt = unknown (none)
Short Term Debt = 311k USD (from shortLongTermDebt, last fiscal year)
Debt = 6.16m USD (Leases only: 6.16m)
Net Debt = 4.02m USD (calculated: Debt 6.16m - CCE 2.14m)
Enterprise Value = 606.1m USD (602.1m + Debt 6.16m - CCE 2.14m)
Interest Coverage Ratio = 41.32 (Ebit TTM 9.79m / Interest Expense TTM 237k)
EV/FCF = 108.2x (Enterprise Value 606.1m / FCF TTM 5.60m)
FCF Yield = 0.92% (FCF TTM 5.60m / Enterprise Value 606.1m)
FCF Margin = 5.96% (FCF TTM 5.60m / Revenue TTM 94.0m)
Net Margin = 7.65% (Net Income TTM 7.20m / Revenue TTM 94.0m)
Gross Margin = 47.28% ((Revenue TTM 94.0m - Cost of Revenue TTM 49.6m) / Revenue TTM)
Gross Margin QoQ = 46.07% (prev 48.16%)
Tobins Q-Ratio = 9.10 (Enterprise Value 606.1m / Total Assets 66.6m)
Interest Expense / Debt = 3.85% (Interest Expense 237k / Debt 6.16m)
Taxrate = 23.04% (2.15m / 9.35m)
NOPAT = 7.54m (EBIT 9.79m * (1 - 23.04%))
Current Ratio = 1.92 (Total Current Assets 51.5m / Total Current Liabilities 26.9m)
Debt / Equity = 0.22 (Debt 6.16m / totalStockholderEquity, last quarter 27.9m)
Debt / EBITDA = 0.32 (Net Debt 4.02m / EBITDA 12.7m)
Debt / FCF = 0.72 (Net Debt 4.02m / FCF TTM 5.60m)
Total Stockholder Equity = 29.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.35% (Net Income 7.20m / Total Assets 66.6m)
RoE = 24.77% (Net Income TTM 7.20m / Total Stockholder Equity 29.1m)
RoCE = 24.65% (EBIT 9.79m / Capital Employed (Total Assets 66.6m - Current Liab 26.9m))
RoIC = 20.05% (NOPAT 7.54m / Invested Capital 37.6m)
WACC = 10.49% (E(602.1m)/V(608.2m) * Re(10.57%) + D(6.16m)/V(608.2m) * Rd(3.85%) * (1-Tc(0.23)))
Discount Rate = 10.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.08 | Cagr: 0.0%
[DCF] Terminal Value 71.36% ; FCFF base≈5.26m ; Y1≈6.03m ; Y5≈8.88m
[DCF] Fair Price = 0.95 (EV 96.8m - Net Debt 4.02m = Equity 92.8m / Shares 98.0m; r=10.49% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 43.82 | EPS CAGR: 49.29% | SUE: 1.48 | # QB: 1
Revenue Correlation: 73.69 | Revenue CAGR: 16.49% | SUE: 0.08 | # QB: 0
EPS current Year (2026-12-31): EPS=0.11 | Chg30d=+1.59% | Revisions=+40% | GrowthEPS=+126.9% | GrowthRev=+55.5%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=+4.36% | Revisions=+40% | GrowthEPS=+60.4% | GrowthRev=+30.5%
[Analyst] Revisions Ratio: +57% (up=4, down=0)