AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
OSL:AFG - Euronext Oslo - NO0003078107 - Common Stock - Currency: NOK
Overall AFG gets a fundamental rating of 4 out of 10. We evaluated AFG against 40 industry peers in the Construction & Engineering industry. AFG has an average financial health and profitability rating. 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.
In the past year AFG had a positive cash flow from operations.
AFG had positive earnings in each of the past 5 years.
AFG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AFG (4.70%) is comparable to the rest of the industry.
AFG has a Return On Equity of 25.48%. This is in the better half of the industry: AFG outperforms 75.00% of its industry peers.
AFG's Return On Invested Capital of 15.54% is amongst the best of the industry. AFG outperforms 82.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AFG is above the industry average of 11.40%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 25.48% | ||
| 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
AFG has a worse Profit Margin (2.31%) than 65.00% of its industry peers.
In the last couple of years the Profit Margin of AFG has declined.
With a Operating Margin value of 3.48%, AFG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of AFG has declined.
AFG has a Gross Margin of 34.28%. This is in the lower half of the industry: AFG underperforms 60.00% of its industry peers.
AFG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.48% | ||
| PM (TTM) | 2.31% | ||
| GM | 34.28% |
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
Compared to 1 year ago, AFG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.97 indicates that AFG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.97, AFG is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
The Debt to FCF ratio of AFG is 0.48, which is an excellent value as it means it would take AFG, only 0.48 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.48, AFG belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
AFG has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
AFG's Debt to Equity ratio of 0.30 is fine compared to the rest of the industry. AFG outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.48 | ||
| Altman-Z | 2.97 |
ROIC/WACC1.86
WACC8.37%
2.3 Liquidity
A Current Ratio of 0.66 indicates that AFG may have some problems paying its short term obligations.
AFG has a Current ratio of 0.66. This is amonst the worse of the industry: AFG underperforms 97.50% of its industry peers.
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 (0.61) is worse than 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
AFG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.96%, which is quite impressive.
The Earnings Per Share has been decreasing by -5.07% on average over the past years.
AFG shows a small growth in Revenue. In the last year, the Revenue has grown by 0.84%.
Measured over the past years, AFG shows a small growth in Revenue. The Revenue has been growing by 6.26% on average per year.
EPS 1Y (TTM)27.96%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%-2.31%
Revenue 1Y (TTM)0.84%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%-0.81%
3.2 Future
The Earnings Per Share is expected to grow by 24.15% 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 3.65% on average per year.
EPS Next Y57.72%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
EPS Next 5YN/A
Revenue Next Year3.09%
Revenue Next 2Y3.66%
Revenue Next 3Y3.65%
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
Based on the Price/Earnings ratio of 23.20, the valuation of AFG can be described as rather expensive.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than the industry average as 72.50% of the companies are valued more cheaply.
AFG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.35.
The Price/Forward Earnings ratio is 14.43, which indicates a correct valuation of AFG.
Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than 67.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.19. AFG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.2 | ||
| Fwd PE | 14.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 65.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AFG is valued cheaper than 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.76 | ||
| EV/EBITDA | 9.19 |
4.3 Compensation for Growth
AFG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AFG's earnings are expected to grow with 24.15% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y32.06%
EPS Next 3Y24.15%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 3.23%.
Compared to an average industry Dividend Yield of 3.59, AFG has a dividend in line with its industry peers.
AFG's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
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 53.82% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.82%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
OSL:AFG (6/20/2025, 4:19:53 PM)
150.6
+0.6 (+0.4%)
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 Cap16.34B
Analysts46
Price Target145.35 (-3.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP53.82%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.5%
Min EPS beat(2)-27.73%
Max EPS beat(2)16.74%
EPS beat(4)1
Avg EPS beat(4)-29.74%
Min EPS beat(4)-103.85%
Max EPS beat(4)16.74%
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)-5.26%
Max Revenue beat(2)3.22%
Revenue beat(4)1
Avg Revenue beat(4)-1.72%
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)-7.77%
PT rev (3m)-11.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.2 | ||
| Fwd PE | 14.43 | ||
| P/S | 0.53 | ||
| P/FCF | 6.76 | ||
| P/OCF | 6.76 | ||
| P/B | 5.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.19 |
EPS(TTM)6.49
EY4.31%
EPS(NY)10.44
Fwd EY6.93%
FCF(TTM)22.29
FCFY14.8%
OCF(TTM)22.29
OCFY14.8%
SpS281.76
BVpS25.53
TBVpS-17.2
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 25.48% | ||
| ROCE | 20.66% | ||
| ROIC | 15.54% | ||
| ROICexc | 19.45% | ||
| ROICexgc | N/A | ||
| OM | 3.48% | ||
| PM (TTM) | 2.31% | ||
| GM | 34.28% | ||
| FCFM | 7.91% |
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-Score7
Asset Turnover2.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.48 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 10.14 | ||
| Cash Conversion | 134.91% | ||
| Profit Quality | 342.64% | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 2.97 |
F-Score7
WACC8.37%
ROIC/WACC1.86
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)27.96%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%-2.31%
EPS Next Y57.72%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
EPS Next 5YN/A
Revenue 1Y (TTM)0.84%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%-0.81%
Revenue Next Year3.09%
Revenue Next 2Y3.66%
Revenue Next 3Y3.65%
Revenue Next 5YN/A
EBIT growth 1Y16.78%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year120.87%
EBIT Next 3Y37.09%
EBIT Next 5YN/A
FCF growth 1Y191.8%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y191.8%
OCF growth 3Y16.15%
OCF growth 5Y8.01%