Cencom AS
Score · fiscal year 2025
69of 100
How to read this: the company is ahead of 88 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 90 of 728 · What are Morning company classes?
Place in the whole sector: 428 of 3,133 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 56 and solidity 87 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Cencom AS is 19 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 728 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 6.0% (median 6.1%) and equity ratio 63.5% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 90 MNOK | 108 MNOK |
| Operating margin | 6.0% | 6.1% |
| Profit margin | 7.8% | 6.7% |
| Return on assets | 16.8% | 11.9% |
| Equity ratio | 63.5% | 30.0% |
| Debt-to-equity | 0.57 | 2.26 |
| Current ratio | 2.04 | 1.16 |
| Revenue growth | 10.7% | 7.4% |
| Revenue per employee | 5.30 MNOK | 2.96 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 69, Cencom AS does better than 88% of companies in the Morning class Medium in the same sector (728 companies) in 2025.
Score 2023–2025
- Cencom AS
- Median: companies in the Morning class Medium in the same sector
Cencom AS has a score of 69 for 2025, rank 428 of 3,133 in the sector.
Strongest: Solidity: percentile 87 against peers, equity ratio 63.5% against a median of 30.0%. Liquidity: percentile 85 against peers, current ratio 2.04 against a median of 1.16.
No area is clearly below its peers.
Worth a closer look
- The change in operating margin in 2025 was 4.5 percentage points better than for comparable companies: the company +4.5, the industry +0.0 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Cencom AS rose by 4.5 percentage points. Comparable companies rose by a median 0.0 points. So the company did 4.5 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Cencom AS moved the same way as comparable companies 0 times. About 3% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 1.5% | 6.0% | −2.3 percentage points | −0.2 percentage points | −2.1 percentage points |
| 2025 | 6.0% | 6.1% | +4.5 percentage points | +0.0 percentage points | +4.5 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Cencom AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Cencom AS rose 4.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | 3.8% | 1.5% | 6.0% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Cencom AS had an operating margin of 6.0% and an equity ratio of 63.5% in 2025, and ranks 428 of 3,133 in Informasjon og kommunikasjon.
From 2024 to 2025: the equity ratio rose from 31.1% to 63.5% and the operating margin rose from 1.5% to 6.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 23 MNOK and 36 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 36 MNOK |
| EV/EBIT | 14.3 | 23 MNOK |
| P/B | 2.6 | 34 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 56 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 60 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Cencom AS?
The operating margin was 6.0% in 2025, against a median of 6.1% among companies in the Morning class Medium in the same sector. Return on assets was 16.8%.
How solid is Cencom AS?
The equity ratio was 63.5% in 2025 (median 30.0%). Debt-to-equity was 0.57 (median 2.26).
What is the liquidity of Cencom AS like?
The current ratio was 2.04 in 2025 (median 1.16).
How does Cencom AS compare in Informasjon og kommunikasjon?
Cencom AS ranks 428 of 3,133 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 90 of 728. Revenue changed by 10.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 953151553
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Medium
- Employees
- 17 registered 10 June 2026
- Founded
- 1 September 1989 37 years in operation
- Share capital
- 7.37 MNOK
- Business address
- Spireaveien 18, 0580 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.cencom.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 10 (one owner holds more than half)
- Largest owner
- 88.3% · top three 95.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Group chain
- Ultimate owner: Oslo Taxi SA
- Oslo Taxi SA · 88.3%
- Rogaland Taxi AS · 4.4%
- Møre og Romsdal Taxitjenester AS · 2.2%
- Nordland Taxi AS · 2.0%
- Tromsø Taxi AS · 0.9%
- Vestfold Taxisentral AS · 0.9%
- Grenland Taxi AS · 0.4%
- Moss Taxi AS · 0.3%
- Alta Taxi AS · 0.2%
- Ski Taxi SA · 0.2%
Change 2007–2025:
11% of the shares changed owner (6 new and 16 departed owners).
New owners (companies): Alta Taxi AS, Grenland Taxi AS, Moss Taxi AS, Møre og Romsdal Taxitjenester AS, Rogaland Taxi AS
Departed (companies): Bodø Taxi SA, Kirkenes Taxi AS, Kristiansund Taxi SA, Meråker Taxisentral Maxi Taxi ANS, Måløy Taxisentral BA
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 72 | 44 | 69 | |
| Rank | 470 | 1,981 | 428 | |
| Operating margin | 3.8% | 1.5% | 6.0% | |
| Return on assets | 7.4% | 5.1% | 16.8% | |
| Equity ratio | 68.6% | 31.1% | 63.5% | |
| Current ratio | 2.93 | 1.26 | 2.04 | |
| Revenue growth | – | 6.0% | 10.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 76.8 MNOK | 81.3 MNOK | 90.0 MNOK |
| Operating profit | 2.9 MNOK | 1.2 MNOK | 5.4 MNOK |
| Profit before tax | 4.4 MNOK | 3.2 MNOK | 7.0 MNOK |
| Tax expense | 0.9 MNOK | 0.2 MNOK | 1.0 MNOK |
| Net profit | 3.5 MNOK | 3.0 MNOK | 6.1 MNOK |
| Financial expenses | 0.4 MNOK | 0.2 MNOK | – |
| Total assets | 64.9 MNOK | 65.8 MNOK | 41.8 MNOK |
| Current assets | 55.0 MNOK | 57.4 MNOK | 31.1 MNOK |
| Equity | 44.5 MNOK | 20.5 MNOK | 26.6 MNOK |
| Retained earnings | 29.9 MNOK | 5.9 MNOK | 12.0 MNOK |
| Total liabilities | 20.4 MNOK | 45.3 MNOK | 15.3 MNOK |
| Current liabilities | 18.7 MNOK | 45.3 MNOK | 15.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7006534.
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