AIRX Fundamental Analysis - AIRTHINGS ASA

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. AIRX may be in some trouble as it scores bad on both profitability and health. AIRX has a decent growth rate and is not valued too expensively.

Quickly go to:

1. Profitability

1.1 Basic Checks

AIRX had negative earnings in the past year.
AIRX had a negative operating cash flow in the past year.
AIRX had negative earnings in each of the past 5 years.
In the past 5 years AIRX always reported negative operating cash flow.

1.2 Ratios

AIRX has a worse Return On Assets (-86.01%) than 90.38% of its industry peers.
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's Gross Margin of 55.81% is fine compared to the rest of the industry. AIRX outperforms 69.23% of its industry peers.
AIRX's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for AIRX so they could not be analyzed.

		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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.
AIRX has a worse debt/assets ratio than last year.

2.2 Solvency

AIRX has an Altman-Z score of 0.88. This is a bad value and indicates that AIRX is not financially healthy and even has some risk of bankruptcy.
AIRX has a worse Altman-Z score (0.88) than 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 better Debt to Equity ratio (0.10) than 78.85% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.1
Debt/FCF	N/A
Altman-Z	0.88

ROIC/WACCN/A

WACC8.48%

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.
With a decent Current ratio value of 2.25, AIRX is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Quick Ratio of 1.09 indicates that AIRX should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.09, AIRX is doing good in the industry, outperforming 61.54% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.25
Quick Ratio	1.09

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The earnings per share for AIRX have decreased strongly by -330.28% in the last year.
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

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.
The Revenue is expected to grow by 11.82% on average over the next years. This is quite good.

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.

More info and screens

Find the best growth stocks

Show best growing peers

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 1.16.
Based on the Price/Forward Earnings ratio, AIRX is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AIRX to the average of the S&P500 Index (24.29), we can say AIRX is valued rather cheaply.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	1.16

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	0%

More info and screens

Find the best dividend stocks

Show peers with best dividend

AIRTHINGS ASA

OSL:AIRX (1/19/2026, 10:29:53 AM)

0.119

+0 (+2.15%)

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 Owners14.11%

Inst Owner ChangeN/A

Ins Owners1.63%

Ins Owner ChangeN/A

Market Cap148.67M

Revenue(TTM)33.86M

Net Income(TTM)-27.06M

Analysts82.86

Price Target3.21 (2597.48%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector 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 Rank	Sector Rank
PE	N/A
Fwd PE	1.16
P/S	0.44
P/FCF	N/A
P/OCF	N/A
P/B	0.83
P/tB	1.03
EV/EBITDA	N/A

EPS(TTM)-1.38

EYN/A

EPS(NY)0.1

Fwd EY86.48%

FCF(TTM)-0.06

FCFYN/A

OCF(TTM)-0.06

OCFYN/A

SpS0.27

BVpS0.14

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	0.88

F-Score2

WACC8.48%

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 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 3 / 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 for AIRX stock?

Can you provide the profitability details for AIRTHINGS ASA?

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