AKVA GROUP ASA (AKVA.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:AKVA • NO0003097503

89.6 NOK
+2.4 (+2.75%)
Last: Feb 6, 2026, 04:18 PM
Fundamental Rating

4

Overall AKVA gets a fundamental rating of 4 out of 10. We evaluated AKVA against 112 industry peers in the Machinery industry. While AKVA is still in line with the averages on profitability rating, there are concerns on its financial health. AKVA is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • AKVA had positive earnings in the past year.
  • AKVA had a positive operating cash flow in the past year.
  • In multiple years AKVA reported negative net income over the last 5 years.
  • Each year in the past 5 years AKVA had a positive operating cash flow.
AKVA.OL Yearly Net Income VS EBIT VS OCF VS FCFAKVA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

1.2 Ratios

  • The Return On Assets of AKVA (3.87%) is comparable to the rest of the industry.
  • With a decent Return On Equity value of 11.98%, AKVA is doing good in the industry, outperforming 72.32% of the companies in the same industry.
  • AKVA has a Return On Invested Capital of 7.01%. This is in the better half of the industry: AKVA outperforms 61.61% of its industry peers.
Industry RankSector Rank
ROA 3.87%
ROE 11.98%
ROIC 7.01%
ROA(3y)-0.31%
ROA(5y)0.44%
ROE(3y)-1.02%
ROE(5y)1.31%
ROIC(3y)N/A
ROIC(5y)N/A
AKVA.OL Yearly ROA, ROE, ROICAKVA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

1.3 Margins

  • AKVA has a Profit Margin (4.01%) which is in line with its industry peers.
  • AKVA's Profit Margin has improved in the last couple of years.
  • The Operating Margin of AKVA (6.33%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AKVA has grown nicely.
  • AKVA has a Gross Margin (44.50%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of AKVA has grown nicely.
Industry RankSector Rank
OM 6.33%
PM (TTM) 4.01%
GM 44.5%
OM growth 3Y35.57%
OM growth 5Y19.18%
PM growth 3Y115.68%
PM growth 5Y50.47%
GM growth 3Y4.17%
GM growth 5Y2.92%
AKVA.OL Yearly Profit, Operating, Gross MarginsAKVA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • AKVA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for AKVA has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AKVA has more shares outstanding
  • The debt/assets ratio for AKVA is higher compared to a year ago.
AKVA.OL Yearly Shares OutstandingAKVA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
AKVA.OL Yearly Total Debt VS Total AssetsAKVA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • AKVA has a debt to FCF ratio of 20.82. This is a negative value and a sign of low solvency as AKVA would need 20.82 years to pay back of all of its debts.
  • AKVA has a worse Debt to FCF ratio (20.82) than 69.64% of its industry peers.
  • A Debt/Equity ratio of 0.94 indicates that AKVA is somewhat dependend on debt financing.
  • AKVA's Debt to Equity ratio of 0.94 is on the low side compared to the rest of the industry. AKVA is outperformed by 76.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 20.82
Altman-Z N/A
ROIC/WACC0.97
WACC7.23%
AKVA.OL Yearly LT Debt VS Equity VS FCFAKVA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.25 indicates that AKVA should not have too much problems paying its short term obligations.
  • The Current ratio of AKVA (1.25) is worse than 66.96% of its industry peers.
  • AKVA has a Quick Ratio of 1.25. This is a bad value and indicates that AKVA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AKVA has a Quick ratio of 0.80. This is in the lower half of the industry: AKVA underperforms 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.8
AKVA.OL Yearly Current Assets VS Current LiabilitesAKVA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 82.73% over the past year.
  • AKVA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 47.11% yearly.
  • Looking at the last year, AKVA shows a quite strong growth in Revenue. The Revenue has grown by 13.65% in the last year.
  • AKVA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.89% yearly.
EPS 1Y (TTM)82.73%
EPS 3Y111%
EPS 5Y47.11%
EPS Q2Q%-28.69%
Revenue 1Y (TTM)13.65%
Revenue growth 3Y4.17%
Revenue growth 5Y2.89%
Sales Q2Q%9.97%

3.2 Future

  • AKVA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.05% yearly.
  • AKVA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.05% yearly.
EPS Next Y38.52%
EPS Next 2Y29.29%
EPS Next 3Y37.53%
EPS Next 5Y27.05%
Revenue Next Year12.8%
Revenue Next 2Y10.03%
Revenue Next 3Y11.29%
Revenue Next 5Y11.05%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AKVA.OL Yearly Revenue VS EstimatesAKVA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
AKVA.OL Yearly EPS VS EstimatesAKVA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.29, which indicates a rather expensive current valuation of AKVA.
  • Compared to the rest of the industry, the Price/Earnings ratio of AKVA indicates a somewhat cheap valuation: AKVA is cheaper than 63.39% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, AKVA is valued at the same level.
  • A Price/Forward Earnings ratio of 17.29 indicates a rather expensive valuation of AKVA.
  • AKVA's Price/Forward Earnings ratio is in line with the industry average.
  • AKVA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.29
Fwd PE 17.29
AKVA.OL Price Earnings VS Forward Price EarningsAKVA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AKVA is valued a bit cheaper than the industry average as 61.61% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, AKVA is valued a bit more expensive than the industry average as 65.18% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 43.66
EV/EBITDA 9.45
AKVA.OL Per share dataAKVA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

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.
  • AKVA's earnings are expected to grow with 37.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)0.47
EPS Next 2Y29.29%
EPS Next 3Y37.53%

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

3

5. Dividend

5.1 Amount

  • AKVA has a Yearly Dividend Yield of 2.36%. Purely for dividend investing, there may be better candidates out there.
  • AKVA's Dividend Yield is a higher than the industry average which is at 1.53.
  • AKVA's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.36%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y29.29%
EPS Next 3Y37.53%
AKVA.OL Yearly Income VS Free CF VS DividendAKVA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

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AKVA GROUP ASA

OSL:AKVA (2/6/2026, 4:18:59 PM)

89.6

+2.4 (+2.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)11-07
Earnings (Next)02-13
Inst Owners19.26%
Inst Owner ChangeN/A
Ins Owners1.43%
Ins Owner ChangeN/A
Market Cap3.29B
Revenue(TTM)4.08B
Net Income(TTM)163.85M
Analysts82.22
Price Target117.81 (31.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.36%
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)1
Avg EPS beat(2)52.36%
Min EPS beat(2)-5.88%
Max EPS beat(2)110.6%
EPS beat(4)2
Avg EPS beat(4)-0.34%
Min EPS beat(4)-167.39%
Max EPS beat(4)110.6%
EPS beat(8)5
Avg EPS beat(8)83.54%
EPS beat(12)6
Avg EPS beat(12)6.21%
EPS beat(16)7
Avg EPS beat(16)-513.48%
Revenue beat(2)0
Avg Revenue beat(2)-8.3%
Min Revenue beat(2)-14.2%
Max Revenue beat(2)-2.41%
Revenue beat(4)0
Avg Revenue beat(4)-7.61%
Min Revenue beat(4)-14.2%
Max Revenue beat(4)-2.41%
Revenue beat(8)2
Avg Revenue beat(8)-4.03%
Revenue beat(12)5
Avg Revenue beat(12)-2.51%
Revenue beat(16)7
Avg Revenue beat(16)-2.01%
PT rev (1m)0%
PT rev (3m)-0.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-62.86%
EPS NY rev (1m)0%
EPS NY rev (3m)22.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 22.29
Fwd PE 17.29
P/S 0.8
P/FCF 43.66
P/OCF 12.97
P/B 2.4
P/tB N/A
EV/EBITDA 9.45
EPS(TTM)4.02
EY4.49%
EPS(NY)5.18
Fwd EY5.78%
FCF(TTM)2.05
FCFY2.29%
OCF(TTM)6.91
OCFY7.71%
SpS111.37
BVpS37.29
TBVpS-6.43
PEG (NY)0.58
PEG (5Y)0.47
Graham Number58.08
Profitability
Industry RankSector Rank
ROA 3.87%
ROE 11.98%
ROCE 9.1%
ROIC 7.01%
ROICexc 7.57%
ROICexgc 19.44%
OM 6.33%
PM (TTM) 4.01%
GM 44.5%
FCFM 1.84%
ROA(3y)-0.31%
ROA(5y)0.44%
ROE(3y)-1.02%
ROE(5y)1.31%
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 3Y35.15%
ROICexgc growth 5Y20.25%
ROICexc growth 3Y25.31%
ROICexc growth 5Y15.43%
OM growth 3Y35.57%
OM growth 5Y19.18%
PM growth 3Y115.68%
PM growth 5Y50.47%
GM growth 3Y4.17%
GM growth 5Y2.92%
F-Score8
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 20.82
Debt/EBITDA 2.66
Cap/Depr 79.64%
Cap/Sales 4.36%
Interest Coverage 12.06
Cash Conversion 52.57%
Profit Quality 45.93%
Current Ratio 1.25
Quick Ratio 0.8
Altman-Z N/A
F-Score8
WACC7.23%
ROIC/WACC0.97
Cap/Depr(3y)95.76%
Cap/Depr(5y)77.06%
Cap/Sales(3y)5.64%
Cap/Sales(5y)4.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)82.73%
EPS 3Y111%
EPS 5Y47.11%
EPS Q2Q%-28.69%
EPS Next Y38.52%
EPS Next 2Y29.29%
EPS Next 3Y37.53%
EPS Next 5Y27.05%
Revenue 1Y (TTM)13.65%
Revenue growth 3Y4.17%
Revenue growth 5Y2.89%
Sales Q2Q%9.97%
Revenue Next Year12.8%
Revenue Next 2Y10.03%
Revenue Next 3Y11.29%
Revenue Next 5Y11.05%
EBIT growth 1Y21.31%
EBIT growth 3Y41.23%
EBIT growth 5Y22.63%
EBIT Next Year136.47%
EBIT Next 3Y49.92%
EBIT Next 5Y33.57%
FCF growth 1Y175.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y202.47%
OCF growth 3Y38.33%
OCF growth 5Y-6.31%

AKVA GROUP ASA / AKVA.OL FAQ

What is the fundamental rating for AKVA stock?

ChartMill assigns a fundamental rating of 4 / 10 to AKVA.OL.


What is the valuation status for AKVA stock?

ChartMill assigns a valuation rating of 5 / 10 to AKVA GROUP ASA (AKVA.OL). This can be considered as Fairly Valued.


What is the profitability of AKVA stock?

AKVA GROUP ASA (AKVA.OL) has a profitability rating of 5 / 10.


What is the valuation of AKVA GROUP ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AKVA GROUP ASA (AKVA.OL) is 22.29 and the Price/Book (PB) ratio is 2.4.


What is the expected EPS growth for AKVA GROUP ASA (AKVA.OL) stock?

The Earnings per Share (EPS) of AKVA GROUP ASA (AKVA.OL) is expected to grow by 38.52% in the next year.