AIRX Fundamental Analysis - AIRTHINGS ASA

Name: AIRTHINGS ASA (AIRX) Stock
Brand: AIRTHINGS ASA
Rating: 4 (3 reviews)

Fundamental Rating

AIRX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 52 industry peers in the Electronic Equipment, Instruments & Components industry. The financial health of AIRX is average, but there are quite some concerns on its profitability. AIRX has a decent growth rate and is not valued too expensively.

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1. Profitability

1.1 Basic Checks

AIRX had negative earnings in the past year.

In the past year AIRX has reported a negative cash flow from operations.

In the past 5 years AIRX always reported negative net income.

AIRX had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -86.01%, AIRX is doing worse than 90.38% of the companies in the same industry.

The Return On Equity of AIRX (-152.09%) is worse than 88.46% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

AIRX has a Gross Margin of 55.81%. This is in the better half of the industry: AIRX outperforms 71.15% 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 Rank	Sector 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

AIRX does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, AIRX has about the same amount of shares outstanding.

The number of shares outstanding for AIRX has been increased compared to 5 years ago.

The debt/assets ratio for AIRX is higher compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 0.79, we must say that AIRX is in the distress zone and has some risk of bankruptcy.

AIRX's Altman-Z score of 0.79 is on the low side compared to the rest of the industry. AIRX is outperformed by 82.69% of its industry peers.

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 80.77% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.1
Debt/FCF	N/A
Altman-Z	0.79

ROIC/WACCN/A

WACC8.46%

2.3 Liquidity

AIRX has a Current Ratio of 2.25. This indicates that AIRX is financially healthy and has no problem in meeting its short term obligations.

AIRX's Current ratio of 2.25 is fine compared to the rest of the industry. AIRX outperforms 76.92% of its industry peers.

A Quick Ratio of 1.09 indicates that AIRX should not have too much problems paying its short term obligations.

AIRX has a Quick ratio of 1.09. This is in the better half of the industry: AIRX outperforms 65.38% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	2.25
Quick Ratio	1.09

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

AIRX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -330.28%.

The Revenue for AIRX has decreased by -12.07% in the past year. This is quite bad

AIRX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.61% yearly.

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

Based on estimates for the next years, AIRX will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.06% on average per year.

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

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AIRX. In the last year negative earnings were reported.

AIRX is valuated cheaply with a Price/Forward Earnings ratio of 0.97.

Based on the Price/Forward Earnings ratio, AIRX is valued cheaper than 100.00% of the companies in the same industry.

AIRX is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.42, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	0.97

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

AIRX's 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

Show best valued peers

5. Dividend

5.1 Amount

AIRX does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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AIRTHINGS ASA

OSL:AIRX (11/21/2025, 7:00:00 PM)

0.101

0 (-1.94%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupTechnology Hardware & Equipment

GICS IndustryElectronic Equipment, Instruments & Components

Earnings (Last)10-29 2025-10-29

Earnings (Next)03-24 2026-03-24

Inst Owners4.54%

Inst Owner ChangeN/A

Ins Owners3.19%

Ins Owner ChangeN/A

Market Cap126.18M

Revenue(TTM)33.86M

Net Income(TTM)-27.06M

Analysts82.86

Price Target3.21 (3078.22%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

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 Rank	Sector Rank
PE	N/A
Fwd PE	0.97
P/S	0.36
P/FCF	N/A
P/OCF	N/A
P/B	0.69
P/tB	0.87
EV/EBITDA	N/A

EPS(TTM)-1.4

EYN/A

EPS(NY)0.1

Fwd EY103.39%

FCF(TTM)-0.06

FCFYN/A

OCF(TTM)-0.06

OCFYN/A

SpS0.28

BVpS0.15

TBVpS0.12

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector 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 Rank	Sector 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	0.79

F-Score2

WACC8.46%

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 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 of AIRTHINGS ASA (AIRX.OL) stock?

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

What is the profitability of AIRX stock?

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

AIRTHINGS ASA (AIRX.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens

AIRTHINGS ASA / AIRX.OL FAQ

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

What is the valuation status of AIRTHINGS ASA (AIRX.OL) stock?

What is the profitability of AIRX stock?