AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
OSL:AFG - NO0003078107 - Common Stock
169.2 NOK
+0.8 (+0.48%)
Taking everything into account, AFG scores 6 out of 10 in our fundamental rating. AFG was compared to 42 industry peers in the Construction & Engineering industry. While AFG has a great profitability rating, there are some minor concerns on its financial health. AFG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AFG had positive earnings in the past year.
AFG had a positive operating cash flow in the past year.
Each year in the past 5 years AFG has been profitable.
Each year in the past 5 years AFG had a positive operating cash flow.
1.2 Ratios
AFG has a Return On Assets of 6.31%. This is in the better half of the industry: AFG outperforms 76.19% of its industry peers.
AFG has a better Return On Equity (39.28%) than 85.71% of its industry peers.
AFG has a Return On Invested Capital of 19.85%. This is amongst the best in the industry. AFG outperforms 90.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AFG is significantly above the industry average of 10.69%.
The 3 year average ROIC (15.77%) for AFG is below the current ROIC(19.85%), indicating increased profibility in the last year.
| 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 comparable to the rest of the industry.
In the last couple of years the Profit Margin of AFG has declined.
AFG's Operating Margin of 4.52% is in line compared to the rest of the industry. AFG outperforms 40.48% of its industry peers.
AFG's Operating Margin has declined in the last couple of years.
AFG has a Gross Margin (35.36%) which is comparable to the rest of the 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.
Compared to 1 year ago, AFG has more shares outstanding
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
AFG has an Altman-Z score of 2.95. This is not the best score and indicates that AFG is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.95, AFG is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
AFG has a debt to FCF ratio of 0.71. This is a very positive value and a sign of high solvency as it would only need 0.71 years to pay back of all of its debts.
AFG has a better Debt to FCF ratio (0.71) than 90.48% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that AFG is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.48, AFG perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 2.95 |
ROIC/WACC2.37
WACC8.37%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AFG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.65, AFG is doing worse than 90.48% of the companies in the same industry.
A Quick Ratio of 0.62 indicates that AFG may have some problems paying its short term obligations.
The Quick ratio of AFG (0.62) is worse than 85.71% 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 growth in Earnings Per Share. In the last year, the EPS has been growing by 176.68%, which is quite impressive.
AFG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.07% yearly.
AFG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.03%.
AFG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.26% yearly.
EPS 1Y (TTM)176.68%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%3657.14%
Revenue 1Y (TTM)2.03%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%2.05%
3.2 Future
AFG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.17% yearly.
AFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.03% yearly.
EPS Next Y47.51%
EPS Next 2Y30.86%
EPS Next 3Y22.17%
EPS Next 5YN/A
Revenue Next Year1.72%
Revenue Next 2Y2.93%
Revenue Next 3Y3.03%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.70, AFG is valued on the expensive side.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 27.07, AFG is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.51, AFG is valued correctly.
Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
AFG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.7 | ||
| Fwd PE | 16.51 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFG.
Based on the Price/Free Cash Flow ratio, AFG is valued a bit cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.85 | ||
| EV/EBITDA | 8.95 |
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.
AFG has a very decent profitability rating, which may justify a higher PE ratio.
AFG's earnings are expected to grow with 22.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y30.86%
EPS Next 3Y22.17%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 2.98%.
AFG's Dividend Yield is a higher than the industry average which is at 3.58.
Compared to an average S&P500 Dividend Yield of 2.46, AFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
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
55.38% of the earnings are spent on dividend by AFG. This is a bit on the high side, but may be sustainable.
DP55.38%
EPS Next 2Y30.86%
EPS Next 3Y22.17%
OSL:AFG (9/10/2025, 4:19:31 PM)
169.2
+0.8 (+0.48%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners14.86%
Inst Owner ChangeN/A
Ins Owners4.64%
Ins Owner ChangeN/A
Market Cap18.36B
Analysts46.67
Price Target164.9 (-2.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
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)10.54%
PT rev (3m)13.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.47%
EPS NY rev (3m)-6.47%
Revenue NQ rev (1m)-0.88%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.7 | ||
| Fwd PE | 16.51 | ||
| P/S | 0.6 | ||
| P/FCF | 7.85 | ||
| P/OCF | 7.85 | ||
| P/B | 7.32 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.95 |
EPS(TTM)9.05
EY5.35%
EPS(NY)10.25
Fwd EY6.06%
FCF(TTM)21.54
FCFY12.73%
OCF(TTM)21.54
OCFY12.73%
SpS283.2
BVpS23.13
TBVpS-19.68
PEG (NY)0.39
PEG (5Y)N/A
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%
ROICexcg growth 3YN/A
ROICexcg 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 | 2.95 |
F-Score6
WACC8.37%
ROIC/WACC2.37
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)176.68%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%3657.14%
EPS Next Y47.51%
EPS Next 2Y30.86%
EPS Next 3Y22.17%
EPS Next 5YN/A
Revenue 1Y (TTM)2.03%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%2.05%
Revenue Next Year1.72%
Revenue Next 2Y2.93%
Revenue Next 3Y3.03%
Revenue Next 5YN/A
EBIT growth 1Y119.94%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year120.87%
EBIT Next 3Y37.09%
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%