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ARENDALS FOSSEKOMPANI ASA (AFK.OL) Stock Fundamental Analysis

Europe - OSL:AFK - NO0003572802 - Common Stock

136.5 NOK
+1 (+0.74%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, AFK scores 5 out of 10 in our fundamental rating. AFK was compared to 15 industry peers in the Industrial Conglomerates industry. AFK scores excellent on profitability, but there are some minor concerns on its financial health. AFK is valued quite cheap, but it does not seem to be growing. These ratings would make AFK suitable for value investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

AFK had positive earnings in the past year.
In the past year AFK had a positive cash flow from operations.
In the past 5 years AFK has always been profitable.
AFK had a positive operating cash flow in 4 of the past 5 years.
AFK.OL Yearly Net Income VS EBIT VS OCF VS FCFAFK.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B

1.2 Ratios

AFK's Return On Assets of 32.02% is amongst the best of the industry. AFK outperforms 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 54.22%, AFK belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
AFK has a Return On Invested Capital of 3.61%. This is comparable to the rest of the industry: AFK outperforms 46.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AFK is in line with the industry average of 6.08%.
Industry RankSector Rank
ROA 32.02%
ROE 54.22%
ROIC 3.61%
ROA(3y)8.57%
ROA(5y)5.63%
ROE(3y)14.92%
ROE(5y)9.94%
ROIC(3y)5.74%
ROIC(5y)5.55%
AFK.OL Yearly ROA, ROE, ROICAFK.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

AFK has a better Profit Margin (69.85%) than 100.00% of its industry peers.
In the last couple of years the Profit Margin of AFK has grown nicely.
AFK has a Operating Margin (8.45%) which is comparable to the rest of the industry.
AFK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.79%, AFK is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Gross Margin of AFK has grown nicely.
Industry RankSector Rank
OM 8.45%
PM (TTM) 69.85%
GM 60.79%
OM growth 3Y-4.19%
OM growth 5Y9.48%
PM growth 3Y173.12%
PM growth 5Y119.93%
GM growth 3Y-3.02%
GM growth 5Y2.37%
AFK.OL Yearly Profit, Operating, Gross MarginsAFK.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AFK is destroying value.
Compared to 1 year ago, AFK has about the same amount of shares outstanding.
Compared to 5 years ago, AFK has about the same amount of shares outstanding.
Compared to 1 year ago, AFK has an improved debt to assets ratio.
AFK.OL Yearly Shares OutstandingAFK.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
AFK.OL Yearly Total Debt VS Total AssetsAFK.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

AFK has an Altman-Z score of 2.93. This is not the best score and indicates that AFK is in the grey zone with still only limited risk for bankruptcy at the moment.
AFK has a Altman-Z score of 2.93. This is amongst the best in the industry. AFK outperforms 86.67% of its industry peers.
AFK has a debt to FCF ratio of 8.77. This is a slightly negative value and a sign of low solvency as AFK would need 8.77 years to pay back of all of its debts.
AFK's Debt to FCF ratio of 8.77 is fine compared to the rest of the industry. AFK outperforms 73.33% of its industry peers.
AFK has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
AFK has a better Debt to Equity ratio (0.33) than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 8.77
Altman-Z 2.93
ROIC/WACC0.45
WACC8.07%
AFK.OL Yearly LT Debt VS Equity VS FCFAFK.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

A Current Ratio of 1.99 indicates that AFK should not have too much problems paying its short term obligations.
AFK has a Current ratio of 1.99. This is amongst the best in the industry. AFK outperforms 86.67% of its industry peers.
A Quick Ratio of 1.55 indicates that AFK should not have too much problems paying its short term obligations.
AFK has a Quick ratio of 1.55. This is in the better half of the industry: AFK outperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.99
Quick Ratio 1.55
AFK.OL Yearly Current Assets VS Current LiabilitesAFK.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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2

3. Growth

3.1 Past

AFK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 629.94%, which is quite impressive.
Measured over the past years, AFK shows a very strong growth in Earnings Per Share. The EPS has been growing by 118.94% on average per year.
AFK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -38.20%.
Measured over the past years, AFK shows a decrease in Revenue. The Revenue has been decreasing by -0.59% on average per year.
EPS 1Y (TTM)629.94%
EPS 3Y175.92%
EPS 5Y118.94%
EPS Q2Q%109.52%
Revenue 1Y (TTM)-38.2%
Revenue growth 3Y0.97%
Revenue growth 5Y-0.59%
Sales Q2Q%-46.81%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y1594.19%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1036.26%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
AFK.OL Yearly Revenue VS EstimatesAFK.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
AFK.OL Yearly EPS VS EstimatesAFK.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 5 10 15

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 2.76, the valuation of AFK can be described as very cheap.
Based on the Price/Earnings ratio, AFK is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, AFK is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.46, the valuation of AFK can be described as very cheap.
Based on the Price/Forward Earnings ratio, AFK is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
AFK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.73.
Industry RankSector Rank
PE 2.76
Fwd PE 7.46
AFK.OL Price Earnings VS Forward Price EarningsAFK.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFK is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFK is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 35.98
EV/EBITDA 12.43
AFK.OL Per share dataAFK.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

AFK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AFK may justify a higher PE ratio.
PEG (NY)0
PEG (5Y)0.02
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for AFK!.
Industry RankSector Rank
Dividend Yield N/A

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ARENDALS FOSSEKOMPANI ASA

OSL:AFK (9/12/2025, 7:00:00 PM)

136.5

+1 (+0.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)08-29 2025-08-29
Earnings (Next)11-07 2025-11-07
Inst Owners1.43%
Inst Owner ChangeN/A
Ins Owners2.98%
Ins Owner ChangeN/A
Market Cap7.64B
Analysts80
Price Target185.64 (36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend4.56
Dividend Growth(5Y)11.52%
DP9.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 2.76
Fwd PE 7.46
P/S 1.96
P/FCF 35.98
P/OCF 12.84
P/B 1.52
P/tB 1.91
EV/EBITDA 12.43
EPS(TTM)49.51
EY36.27%
EPS(NY)18.31
Fwd EY13.41%
FCF(TTM)3.79
FCFY2.78%
OCF(TTM)10.63
OCFY7.79%
SpS69.75
BVpS89.86
TBVpS71.5
PEG (NY)0
PEG (5Y)0.02
Profitability
Industry RankSector Rank
ROA 32.02%
ROE 54.22%
ROCE 4.82%
ROIC 3.61%
ROICexc 4.68%
ROICexgc 5.77%
OM 8.45%
PM (TTM) 69.85%
GM 60.79%
FCFM 5.44%
ROA(3y)8.57%
ROA(5y)5.63%
ROE(3y)14.92%
ROE(5y)9.94%
ROIC(3y)5.74%
ROIC(5y)5.55%
ROICexc(3y)9.12%
ROICexc(5y)15.33%
ROICexgc(3y)20.69%
ROICexgc(5y)N/A
ROCE(3y)7.63%
ROCE(5y)7.38%
ROICexcg growth 3Y-38.51%
ROICexcg growth 5Y-27.22%
ROICexc growth 3Y-28.04%
ROICexc growth 5Y-17.4%
OM growth 3Y-4.19%
OM growth 5Y9.48%
PM growth 3Y173.12%
PM growth 5Y119.93%
GM growth 3Y-3.02%
GM growth 5Y2.37%
F-Score5
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 8.77
Debt/EBITDA 2.73
Cap/Depr 134.78%
Cap/Sales 9.81%
Interest Coverage 1.78
Cash Conversion 96.96%
Profit Quality 7.79%
Current Ratio 1.99
Quick Ratio 1.55
Altman-Z 2.93
F-Score5
WACC8.07%
ROIC/WACC0.45
Cap/Depr(3y)124.09%
Cap/Depr(5y)112.85%
Cap/Sales(3y)11.86%
Cap/Sales(5y)9.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)629.94%
EPS 3Y175.92%
EPS 5Y118.94%
EPS Q2Q%109.52%
EPS Next Y1594.19%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-38.2%
Revenue growth 3Y0.97%
Revenue growth 5Y-0.59%
Sales Q2Q%-46.81%
Revenue Next Year1036.26%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-14.29%
EBIT growth 3Y-3.26%
EBIT growth 5Y8.83%
EBIT Next Year-5.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y157.06%
FCF growth 3Y-23.89%
FCF growth 5Y-1.99%
OCF growth 1Y299.32%
OCF growth 3Y-4.64%
OCF growth 5Y9.46%