AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - OSL:AFG - NO0003078107 - Common Stock
170.4 NOK
+0.4 (+0.24%)
We assign a fundamental rating of 5 out of 10 to AFG. AFG was compared to 46 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.
AFG had positive earnings in each of the past 5 years.
In the past 5 years AFG always reported a positive cash flow from operatings.
1.2 Ratios
AFG has a Return On Assets of 6.31%. This is in the better half of the industry: AFG outperforms 71.74% of its industry peers.
AFG has a better Return On Equity (39.28%) than 80.43% of its industry peers.
AFG's Return On Invested Capital of 19.85% is amongst the best of the industry. AFG outperforms 86.96% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AFG is above the industry average of 11.79%.
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.
AFG's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 4.52%, AFG is not doing good in the industry: 63.04% 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 35.36%. This is comparable to the rest of the industry: AFG outperforms 41.30% of its industry peers.
AFG's Gross Margin has been stable in the last couple of years.
| 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
AFG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for AFG has been increased compared to 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 2.96 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 2.96, AFG belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
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.
AFG has a Debt to FCF ratio of 0.71. This is amongst the best in the industry. AFG outperforms 91.30% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that AFG is not too dependend on debt financing.
AFG has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 2.96 |
ROIC/WACC2.36
WACC8.42%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AFG may have some problems paying its short term obligations.
The Current ratio of AFG (0.65) is worse than 95.65% 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's Quick ratio of 0.62 is on the low side compared to the rest of the industry. AFG is outperformed by 93.48% 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.
Measured over the past years, AFG shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.07% on average per year.
AFG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.03%.
The Revenue has been growing slightly by 6.26% on average over the past years.
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
Based on estimates for the next years, AFG will show a very strong growth in Earnings Per Share. The EPS will grow by 24.94% on average per year.
The Revenue is expected to grow by 3.83% on average over the next years.
EPS Next Y63.8%
EPS Next 2Y34.6%
EPS Next 3Y24.94%
EPS Next 5YN/A
Revenue Next Year3.43%
Revenue Next 2Y4.06%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
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
With a Price/Earnings ratio of 18.83, 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 69.57% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.11. AFG is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 15.72, the valuation of AFG can be described as correct.
65.22% 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 (22.55), we can say AFG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.83 | ||
| Fwd PE | 15.72 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFG.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a somewhat cheap valuation: AFG is cheaper than 78.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.91 | ||
| EV/EBITDA | 9.06 |
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.
A more expensive valuation may be justified as AFG's earnings are expected to grow with 24.94% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y34.6%
EPS Next 3Y24.94%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 2.94%. Purely for dividend investing, there may be better candidates out there.
AFG's Dividend Yield is a higher than the industry average which is at 3.64.
Compared to an average S&P500 Dividend Yield of 2.37, AFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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 2Y34.6%
EPS Next 3Y24.94%
OSL:AFG (10/31/2025, 7:00:00 PM)
170.4
+0.4 (+0.24%)
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 Cap18.49B
Revenue(TTM)30.74B
Net Income(TTM)986.00M
Analysts74.29
Price Target164.9 (-3.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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)0%
PT rev (3m)10.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)3.85%
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 | 18.83 | ||
| Fwd PE | 15.72 | ||
| P/S | 0.6 | ||
| P/FCF | 7.91 | ||
| P/OCF | 7.91 | ||
| P/B | 7.37 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.06 |
EPS(TTM)9.05
EY5.31%
EPS(NY)10.84
Fwd EY6.36%
FCF(TTM)21.54
FCFY12.64%
OCF(TTM)21.54
OCFY12.64%
SpS283.2
BVpS23.13
TBVpS-19.68
PEG (NY)0.3
PEG (5Y)N/A
Graham Number68.62
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 | 2.96 |
F-Score6
WACC8.42%
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)176.68%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%3657.14%
EPS Next Y63.8%
EPS Next 2Y34.6%
EPS Next 3Y24.94%
EPS Next 5YN/A
Revenue 1Y (TTM)2.03%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%2.05%
Revenue Next Year3.43%
Revenue Next 2Y4.06%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
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 18.83 and the Price/Book (PB) ratio is 7.37.
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 63.8% in the next year.