AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:AFG - NO0003078107 - Common Stock
178.8 NOK
+0.4 (+0.22%)
AFG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 45 industry peers in the Construction & Engineering industry. AFG has only an average score on both its financial health and profitability. AFG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AFG had positive earnings in the past year.
In the past year AFG had a positive cash flow from operations.
In the past 5 years AFG has always been profitable.
Each year in the past 5 years AFG had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 6.31%, AFG is doing good in the industry, outperforming 73.33% of the companies in the same industry.
With a decent Return On Equity value of 39.28%, AFG is doing good in the industry, outperforming 77.78% of the companies in the same industry.
AFG has a better Return On Invested Capital (19.85%) than 86.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AFG is above the industry average of 10.78%.
The last Return On Invested Capital (19.85%) for AFG is above the 3 year average (15.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 39.28% | ||
| ROIC | 19.85% |
ROA(3y)4.7%
ROA(5y)5.88%
ROE(3y)27.22%
ROE(5y)31.5%
ROIC(3y)15.77%
ROIC(5y)17.17%
1.3 Margins
AFG has a Profit Margin (3.21%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AFG has declined.
With a Operating Margin value of 4.52%, AFG is not doing good in the industry: 62.22% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of AFG has declined.
Looking at the Gross Margin, with a value of 35.36%, AFG is in line with its industry, outperforming 44.44% of the companies in the same industry.
In the last couple of years the Gross Margin of AFG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.52% | ||
| PM (TTM) | 3.21% | ||
| GM | 35.36% |
OM growth 3Y-13.09%
OM growth 5Y-7.84%
PM growth 3Y-14.18%
PM growth 5Y-9.36%
GM growth 3Y2.15%
GM growth 5Y0.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AFG is creating value.
AFG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for AFG has been increased compared to 5 years ago.
AFG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.01 indicates that AFG is not in any danger for bankruptcy at the moment.
AFG's Altman-Z score of 3.01 is amongst the best of the industry. AFG outperforms 82.22% of its industry peers.
The Debt to FCF ratio of AFG is 0.71, which is an excellent value as it means it would take AFG, only 0.71 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.71, AFG belongs to the top of the industry, outperforming 91.11% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that AFG is not too dependend on debt financing.
AFG has a Debt to Equity ratio of 0.48. This is in the better half of the industry: AFG outperforms 62.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 3.01 |
ROIC/WACC2.36
WACC8.43%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AFG may have some problems paying its short term obligations.
AFG has a worse Current ratio (0.65) than 97.78% of its industry peers.
AFG has a Quick Ratio of 0.65. This is a bad value and indicates that AFG is not financially healthy enough and could expect problems in meeting its short term obligations.
AFG has a worse Quick ratio (0.62) than 95.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
AFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.26%.
The earnings per share for AFG have been decreasing by -13.87% on average. This is quite bad
The Revenue has decreased by -2.16% in the past year.
Measured over the past years, AFG shows a quite strong growth in Revenue. The Revenue has been growing by 10.22% on average per year.
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%27.03%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%8.31%
3.2 Future
Based on estimates for the next years, AFG will show a very strong growth in Earnings Per Share. The EPS will grow by 32.97% on average per year.
The Revenue is expected to grow by 2.50% on average over the next years.
EPS Next Y60.01%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
EPS Next 5Y32.97%
Revenue Next Year-1.37%
Revenue Next 2Y1%
Revenue Next 3Y2.22%
Revenue Next 5Y2.5%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.72 indicates a rather expensive valuation of AFG.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than the industry average as 64.44% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 26.15, AFG is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.24 indicates a rather expensive valuation of AFG.
66.67% of the companies in the same industry are cheaper than AFG, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AFG to the average of the S&P500 Index (36.22), we can say AFG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 18.24 |
4.2 Price Multiples
AFG's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a somewhat cheap valuation: AFG is cheaper than 73.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | 9.64 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AFG may justify a higher PE ratio.
AFG's earnings are expected to grow with 42.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y61.89%
EPS Next 3Y42.59%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 2.75%. Purely for dividend investing, there may be better candidates out there.
AFG's Dividend Yield is comparable with the industry average which is at 3.64.
Compared to an average S&P500 Dividend Yield of 2.32, AFG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
5.2 History
The dividend of AFG decreases each year by -16.34%.
Dividend Growth(5Y)-16.34%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AFG pays out 55.38% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP55.38%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
OSL:AFG (12/2/2025, 4:19:57 PM)
178.8
+0.4 (+0.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners15.08%
Inst Owner ChangeN/A
Ins Owners4.64%
Ins Owner ChangeN/A
Market Cap19.68B
Revenue(TTM)30.53B
Net Income(TTM)986.00M
Analysts74.29
Price Target168.3 (-5.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP55.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.67%
Min EPS beat(2)-27.73%
Max EPS beat(2)29.08%
EPS beat(4)2
Avg EPS beat(4)3.5%
Min EPS beat(4)-27.73%
Max EPS beat(4)29.08%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-5.26%
Max Revenue beat(2)3.14%
Revenue beat(4)2
Avg Revenue beat(4)-0.02%
Min Revenue beat(4)-5.26%
Max Revenue beat(4)3.22%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.06%
PT rev (3m)12.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)11.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 18.24 | ||
| P/S | 0.64 | ||
| P/FCF | 8.42 | ||
| P/OCF | 8.42 | ||
| P/B | 7.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.64 |
EPS(TTM)9.55
EY5.34%
EPS(NY)9.8
Fwd EY5.48%
FCF(TTM)21.24
FCFY11.88%
OCF(TTM)21.24
OCFY11.88%
SpS279.27
BVpS22.81
TBVpS-19.41
PEG (NY)0.31
PEG (5Y)N/A
Graham Number70
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 39.28% | ||
| ROCE | 26.4% | ||
| ROIC | 19.85% | ||
| ROICexc | 24.12% | ||
| ROICexgc | N/A | ||
| OM | 4.52% | ||
| PM (TTM) | 3.21% | ||
| GM | 35.36% | ||
| FCFM | 7.61% |
ROA(3y)4.7%
ROA(5y)5.88%
ROE(3y)27.22%
ROE(5y)31.5%
ROIC(3y)15.77%
ROIC(5y)17.17%
ROICexc(3y)18.71%
ROICexc(5y)20.81%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.97%
ROCE(5y)23.25%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-8.52%
ROICexc growth 5Y-2.24%
OM growth 3Y-13.09%
OM growth 5Y-7.84%
PM growth 3Y-14.18%
PM growth 5Y-9.36%
GM growth 3Y2.15%
GM growth 5Y0.2%
F-Score6
Asset Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 15.62 | ||
| Cash Conversion | 110.13% | ||
| Profit Quality | 237.12% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 3.01 |
F-Score6
WACC8.43%
ROIC/WACC2.36
Cap/Depr(3y)61.46%
Cap/Depr(5y)51.82%
Cap/Sales(3y)1.17%
Cap/Sales(5y)1.01%
Profit Quality(3y)217.38%
Profit Quality(5y)174.12%
High Growth Momentum
Growth
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%27.03%
EPS Next Y60.01%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
EPS Next 5Y32.97%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%8.31%
Revenue Next Year-1.37%
Revenue Next 2Y1%
Revenue Next 3Y2.22%
Revenue Next 5Y2.5%
EBIT growth 1Y119.94%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year131.26%
EBIT Next 3Y38.44%
EBIT Next 5YN/A
FCF growth 1Y435.01%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y435.01%
OCF growth 3Y16.15%
OCF growth 5Y8.01%
AF GRUPPEN ASA / AFG.OL FAQ
What is the ChartMill fundamental rating of AF GRUPPEN ASA (AFG.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to AFG.OL.
Can you provide the valuation status for AF GRUPPEN ASA?
ChartMill assigns a valuation rating of 5 / 10 to AF GRUPPEN ASA (AFG.OL). This can be considered as Fairly Valued.
How profitable is AF GRUPPEN ASA (AFG.OL) stock?
AF GRUPPEN ASA (AFG.OL) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for AFG stock?
The Price/Earnings (PE) ratio for AF GRUPPEN ASA (AFG.OL) is 18.72 and the Price/Book (PB) ratio is 7.84.
Can you provide the expected EPS growth for AFG stock?
The Earnings per Share (EPS) of AF GRUPPEN ASA (AFG.OL) is expected to grow by 60.01% in the next year.