AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
OSL:AFG - Euronext Oslo - NO0003078107 - Common Stock - Currency: NOK
Overall AFG gets a fundamental rating of 5 out of 10. We evaluated AFG against 43 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of AFG get a neutral evaluation. Nothing too spectacular is happening here. AFG is not valued too expensively and it also shows a decent 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.
In the past 5 years AFG always reported a positive cash flow from operatings.
1.2 Ratios
AFG has a Return On Assets of 4.72%. This is in the better half of the industry: AFG outperforms 65.12% of its industry peers.
The Return On Equity of AFG (27.17%) is better than 74.42% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.54%, AFG belongs to the top of the industry, outperforming 83.72% of the companies in the same industry.
AFG had an Average Return On Invested Capital over the past 3 years of 15.77%. This is significantly above the industry average of 10.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 27.17% | ||
| ROIC | 15.54% |
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
Looking at the Profit Margin, with a value of 2.31%, AFG is in line with its industry, outperforming 48.84% of the companies in the same industry.
AFG's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.39%, AFG is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
AFG's Operating Margin has declined in the last couple of years.
The Gross Margin of AFG (33.64%) is comparable to the rest of the industry.
AFG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.39% | ||
| PM (TTM) | 2.31% | ||
| GM | 33.64% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AFG is creating value.
Compared to 1 year ago, AFG has more shares outstanding
Compared to 5 years ago, AFG has more shares outstanding
AFG has a better debt/assets ratio than last year.
2.2 Solvency
AFG has an Altman-Z score of 2.97. 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.
The Altman-Z score of AFG (2.97) is better than 76.74% of its industry peers.
The Debt to FCF ratio of AFG is 0.67, which is an excellent value as it means it would take AFG, only 0.67 years of fcf income to pay off all of its debts.
AFG has a better Debt to FCF ratio (0.67) than 97.67% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that AFG is not too dependend on debt financing.
The Debt to Equity ratio of AFG (0.31) is better than 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 0.67 | ||
| Altman-Z | 2.97 |
ROIC/WACC1.83
WACC8.49%
2.3 Liquidity
AFG has a Current Ratio of 0.66. This is a bad value and indicates that AFG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.66, AFG is doing worse than 95.35% of the companies in the same industry.
AFG has a Quick Ratio of 0.66. This is a bad value and indicates that AFG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AFG (0.60) is worse than 93.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
The earnings per share for AFG have decreased strongly by -58.26% in the last year.
AFG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.87% yearly.
The Revenue has been growing slightly by 0.35% in the past year.
The Revenue has been growing by 10.22% on average over the past years. This is quite good.
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%112.35%
Revenue 1Y (TTM)0.35%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%2.59%
3.2 Future
The Earnings Per Share is expected to grow by 32.28% on average over the next years. This is a very strong growth
Based on estimates for the next years, AFG will show a small growth in Revenue. The Revenue will grow by 2.27% on average per year.
EPS Next Y60.01%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
EPS Next 5Y32.28%
Revenue Next Year-1.37%
Revenue Next 2Y0.8%
Revenue Next 3Y1.87%
Revenue Next 5Y2.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 41.23, which means the current valuation is very expensive for AFG.
AFG's Price/Earnings ratio is a bit more expensive when compared to the industry. AFG is more expensive than 74.42% of the companies in the same industry.
When comparing the Price/Earnings ratio of AFG to the average of the S&P500 Index (24.29), we can say AFG is valued expensively.
AFG is valuated correctly with a Price/Forward Earnings ratio of 16.34.
65.12% of the companies in the same industry are cheaper than AFG, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, AFG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.23 | ||
| Fwd PE | 16.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AFG is valued a bit more expensive than 67.44% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AFG is valued a bit cheaper than 72.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.53 | ||
| EV/EBITDA | 9.88 |
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 40.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y58.86%
EPS Next 3Y40.78%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 3.36%.
AFG's Dividend Yield is a higher than the industry average which is at 3.58.
AFG's Dividend Yield is a higher than the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
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
53.67% of the earnings are spent on dividend by AFG. This is a bit on the high side, but may be sustainable.
DP53.67%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
OSL:AFG (5/6/2025, 7:00:00 PM)
154.2
-1.4 (-0.9%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners14.03%
Inst Owner ChangeN/A
Ins Owners23.78%
Ins Owner ChangeN/A
Market Cap16.74B
Analysts70
Price Target157.59 (2.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP53.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.32%
Min EPS beat(2)-4.1%
Max EPS beat(2)16.74%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)1.02%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)3.22%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-3.89%
PT rev (3m)8.99%
EPS NQ rev (1m)-6.45%
EPS NQ rev (3m)-14.29%
EPS NY rev (1m)-1.61%
EPS NY rev (3m)5.51%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-1.08%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)-1.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.23 | ||
| Fwd PE | 16.34 | ||
| P/S | 0.55 | ||
| P/FCF | 8.53 | ||
| P/OCF | 7.55 | ||
| P/B | 6.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.88 |
EPS(TTM)3.74
EY2.43%
EPS(NY)9.44
Fwd EY6.12%
FCF(TTM)18.08
FCFY11.72%
OCF(TTM)20.43
OCFY13.25%
SpS282.29
BVpS24.01
TBVpS-18.54
PEG (NY)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 27.17% | ||
| ROCE | 20.66% | ||
| ROIC | 15.54% | ||
| ROICexc | 19.56% | ||
| ROICexgc | N/A | ||
| OM | 3.39% | ||
| PM (TTM) | 2.31% | ||
| GM | 33.64% | ||
| FCFM | 6.4% |
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 Turnover2.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 0.67 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | 36.38% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 9.35 | ||
| Cash Conversion | 127.49% | ||
| Profit Quality | 277.12% | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 2.97 |
F-Score6
WACC8.49%
ROIC/WACC1.83
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%112.35%
EPS Next Y60.01%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
EPS Next 5Y32.28%
Revenue 1Y (TTM)0.35%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%2.59%
Revenue Next Year-1.37%
Revenue Next 2Y0.8%
Revenue Next 3Y1.87%
Revenue Next 5Y2.27%
EBIT growth 1Y45.38%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year127.28%
EBIT Next 3Y36.59%
EBIT Next 5YN/A
FCF growth 1Y92.92%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y42.85%
OCF growth 3Y16.15%
OCF growth 5Y8.01%