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Employees: 143
Size Smartoptics (SMOP.OL) is a Norway Information Technology company (Electronic Components) with a market value of $530M, the 85th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 50.20 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against -25.3% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 45.0% over the last twelve months (peer median +12.8%); the operating margin is 13.9% (peer median 3.2%).
Valuation It trades at 42.5× forward earnings against a peer median of 26.3× (most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 29.1 points above its cost of capital (8.2% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 1.06B | NOK 782M | NOK 596M | NOK 618M | NOK 552M |
| Revenue growth | — | +31% | -4% | +12% | — |
| Gross profit | NOK 230M | NOK 152M | NOK 106M | NOK 143M | NOK 117M |
| EBITDA | NOK 175M | NOK 96.1M | NOK 56.6M | NOK 111M | NOK 101M |
| Net income | NOK 102M | NOK 48.6M | NOK 43.5M | NOK 79.0M | NOK 65.3M |
| Free cash flow | NOK 140M | NOK 70.7M | NOK 46.8M | NOK 105M | -NOK 11.3M |
| Capital expenditure | NOK 41.3M | NOK 28.2M | NOK 29.8M | NOK 26.3M | NOK 15.2M |
| Total debt | NOK 58.7M | NOK 9.81M | NOK 23.2M | NOK 34.8M | NOK 35.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SMOP.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | -14.9% | 6th highest of 21 |
| 6-month return | -7.7% | -25.3% | 8th highest of 21 |
| Distance from 52-week high | -23.9% | -58.8% | 5th highest of 21 |
| Revenue growth (TTM) | +45.0% | +12.8% | 4th highest of 21 |
| Operating margin | 13.9% | 3.2% | 3rd highest of 21 |
| Forward P/E | 42.5× | 26.3× | most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 15.2% | 29.7% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +19.1% | +3.7% | highest of 9 |
| Hurdle (Req g minus delivered) | -3.9 pp | +23.4 pp | least demanding of 9 |
| ROIC minus cost of capital | +29.1 pp | -5.5 pp | highest of 21 |
| EV / EBITDA | 28.1× | 23.6× | 5th most expensive of 11 |
| Net debt / EBITDA | -0.1× | 0.3× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Visco Vision 6782.TW | Taiwan | $523M | +23% | +23% | 29% | 13.1× | n/a | n/a |
| Taiwan Chinsan Electronic Industrial 8042.TWO | Taiwan | $541M | +82% | +22% | 7% | 32.7× | n/a | n/a |
| Fujian Forecam Optics 688010.SS | China | $518M | -35% | -2% | -15% | n/a | n/a | n/a |
| Ability Opto-Electronics Technology 3362.TWO | Taiwan | $513M | +6% | -3% | -8% | 31.7× | n/a | n/a |
| WUS Printed Circuit 2316.TW | Taiwan | $549M | -15% | +24% | -11% | n/a | n/a | n/a |
| Shaanxi Huada Science Technology 301517.SZ | China | $554M | -54% | -9% | -26% | n/a | n/a | n/a |
| Foshan Nationstar Optoelectronics 002449.SZ | China | $557M | -24% | -17% | -6% | n/a | n/a | n/a |
| CHA Biotech 085660.KS | South Korea | $499M | -57% | +14% | -6% | n/a | n/a | n/a |
| Chin-Poon Industrial 2355.TW | Taiwan | $568M | -9% | +1% | 4% | 23.3× | 7.2% | +0.6% |
| LightPath Technologies LPTH | United States | $495M | -39% | +93% | -2% | n/a | n/a | n/a |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | n/a | n/a | n/a |
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 25.1× | 34.7% | -5.1% |
| Jiaxing ZMAX Optech 688307.SS | China | $584M | -51% | +59% | 7% | 25.7× | n/a | n/a |
| Firan Technology FTG.TO | Canada | $585M | +55% | +17% | 12% | 27.9× | 24.6% | +13.0% |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Jiangsu Xiehe Electronic 605258.SS | China | $476M | -2% | +1% | 7% | n/a | 8.6% | +9.7% |
| TLB 356860.KS | South Korea | $460M | -34% | +43% | 13% | 14.0× | n/a | n/a |