AIRTHINGS ASA (AIRX.OL) Fundamental Analysis & Valuation

OSL:AIRX • NO0010895568

Current stock price

0.1315 NOK
+0 (+3.54%)
Last:

This AIRX.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. AIRX.OL Profitability Analysis

1.1 Basic Checks

  • In the past year AIRX has reported negative net income.
  • In the past year AIRX has reported a negative cash flow from operations.
  • AIRX had negative earnings in each of the past 5 years.
  • AIRX had a negative operating cash flow in each of the past 5 years.
AIRX.OL Yearly Net Income VS EBIT VS OCF VS FCFAIRX.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M -20M

1.2 Ratios

  • With a Return On Assets value of -86.01%, AIRX is not doing good in the industry: 90.74% of the companies in the same industry are doing better.
  • AIRX's Return On Equity of -152.09% is on the low side compared to the rest of the industry. AIRX is outperformed by 88.89% of its industry peers.
Industry RankSector Rank
ROA -86.01%
ROE -152.09%
ROIC N/A
ROA(3y)-22.5%
ROA(5y)-16.14%
ROE(3y)-31.8%
ROE(5y)-22.3%
ROIC(3y)N/A
ROIC(5y)N/A
AIRX.OL Yearly ROA, ROE, ROICAIRX.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

  • AIRX has a better Gross Margin (55.81%) than 70.37% of its industry peers.
  • AIRX's Gross Margin has declined in the last couple of years.
  • AIRX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 55.81%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.14%
GM growth 5Y-8.15%
AIRX.OL Yearly Profit, Operating, Gross MarginsAIRX.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AIRX.OL Health Analysis

2.1 Basic Checks

  • AIRX does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • AIRX has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AIRX has more shares outstanding
  • AIRX has a worse debt/assets ratio than last year.
AIRX.OL Yearly Shares OutstandingAIRX.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
AIRX.OL Yearly Total Debt VS Total AssetsAIRX.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

  • AIRX has an Altman-Z score of 1.00. This is a bad value and indicates that AIRX is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.00, AIRX is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
  • AIRX has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • AIRX has a Debt to Equity ratio of 0.10. This is amongst the best in the industry. AIRX outperforms 81.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 1
ROIC/WACCN/A
WACC8.49%
AIRX.OL Yearly LT Debt VS Equity VS FCFAIRX.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M

2.3 Liquidity

  • A Current Ratio of 2.25 indicates that AIRX has no problem at all paying its short term obligations.
  • The Current ratio of AIRX (2.25) is better than 74.07% of its industry peers.
  • AIRX has a Quick Ratio of 1.09. This is a normal value and indicates that AIRX is financially healthy and should not expect problems in meeting its short term obligations.
  • AIRX has a better Quick ratio (1.09) than 62.96% of its industry peers.
Industry RankSector Rank
Current Ratio 2.25
Quick Ratio 1.09
AIRX.OL Yearly Current Assets VS Current LiabilitesAIRX.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AIRX.OL Growth Analysis

3.1 Past

  • AIRX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -330.28%.
  • AIRX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.07%.
  • The Revenue has been growing by 18.61% on average over the past years. This is quite good.
EPS 1Y (TTM)-330.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-101%
Revenue 1Y (TTM)-12.07%
Revenue growth 3Y4.57%
Revenue growth 5Y18.61%
Sales Q2Q%-33.52%

3.2 Future

  • AIRX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.06% yearly.
  • Based on estimates for the next years, AIRX will show a quite strong growth in Revenue. The Revenue will grow by 11.82% on average per year.
EPS Next Y100%
EPS Next 2Y52.75%
EPS Next 3Y10.06%
EPS Next 5YN/A
Revenue Next Year19.49%
Revenue Next 2Y19.32%
Revenue Next 3Y11.82%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AIRX.OL Yearly Revenue VS EstimatesAIRX.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10M 20M 30M 40M 50M
AIRX.OL Yearly EPS VS EstimatesAIRX.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2026 2027 0 -0.02 -0.04

More info and screens

Find the best growth stocksShow best growing peers

4

4. AIRX.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • AIRX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 1.35 indicates a rather cheap valuation of AIRX.
  • Based on the Price/Forward Earnings ratio, AIRX is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of AIRX to the average of the S&P500 Index (23.28), we can say AIRX is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 1.35
AIRX.OL Price Earnings VS Forward Price EarningsAIRX.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AIRX.OL Per share dataAIRX.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -0.5 -1

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.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.75%
EPS Next 3Y10.06%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AIRX.OL Dividend Analysis

5.1 Amount

  • AIRX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

AIRX.OL Fundamentals: All Metrics, Ratios and Statistics

AIRTHINGS ASA

OSL:AIRX (2/11/2026, 7:00:00 PM)

0.1315

+0 (+3.54%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-02
Earnings (Next)05-06
Inst Owners14.11%
Inst Owner ChangeN/A
Ins Owners1.63%
Ins Owner ChangeN/A
Market Cap164.28M
Revenue(TTM)33.86M
Net Income(TTM)-27.06M
Analysts82.86
Price Target3.21 (2341.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)0
Avg Revenue beat(2)-35.43%
Min Revenue beat(2)-45.74%
Max Revenue beat(2)-25.13%
Revenue beat(4)0
Avg Revenue beat(4)-23.15%
Min Revenue beat(4)-45.74%
Max Revenue beat(4)-8.3%
Revenue beat(8)1
Avg Revenue beat(8)-15.28%
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)N/A
EPS NY rev (3m)N/A
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 N/A
Fwd PE 1.35
P/S 0.51
P/FCF N/A
P/OCF N/A
P/B 0.96
P/tB 1.2
EV/EBITDA N/A
EPS(TTM)-1.31
EYN/A
EPS(NY)0.1
Fwd EY74.27%
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)-0.06
OCFYN/A
SpS0.26
BVpS0.14
TBVpS0.11
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -86.01%
ROE -152.09%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 55.81%
FCFM N/A
ROA(3y)-22.5%
ROA(5y)-16.14%
ROE(3y)-31.8%
ROE(5y)-22.3%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.14%
GM growth 5Y-8.15%
F-Score2
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1.5%
Cap/Sales 0.2%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.25
Quick Ratio 1.09
Altman-Z 1
F-Score2
WACC8.49%
ROIC/WACCN/A
Cap/Depr(3y)6.5%
Cap/Depr(5y)22.17%
Cap/Sales(3y)0.47%
Cap/Sales(5y)0.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-330.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-101%
EPS Next Y100%
EPS Next 2Y52.75%
EPS Next 3Y10.06%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.07%
Revenue growth 3Y4.57%
Revenue growth 5Y18.61%
Sales Q2Q%-33.52%
Revenue Next Year19.49%
Revenue Next 2Y19.32%
Revenue Next 3Y11.82%
Revenue Next 5YN/A
EBIT growth 1Y-112.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year122.5%
EBIT Next 3Y39.71%
EBIT Next 5YN/A
FCF growth 1Y10.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.37%
OCF growth 3YN/A
OCF growth 5YN/A

AIRTHINGS ASA / AIRX.OL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AIRTHINGS ASA (AIRX.OL) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AIRX.OL.


What is the valuation status for AIRX stock?

ChartMill assigns a valuation rating of 4 / 10 to AIRTHINGS ASA (AIRX.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for AIRTHINGS ASA?

AIRTHINGS ASA (AIRX.OL) has a profitability rating of 1 / 10.


What is the financial health of AIRTHINGS ASA (AIRX.OL) stock?

The financial health rating of AIRTHINGS ASA (AIRX.OL) is 4 / 10.