AKVA GROUP ASA (AKVA.OL) Fundamental Analysis & Valuation

OSL:AKVA • NO0003097503

Current stock price

121.5 NOK
-3.5 (-2.8%)
Last:

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

6

1. AKVA.OL Profitability Analysis

1.1 Basic Checks

  • AKVA had positive earnings in the past year.
  • AKVA had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: AKVA reported negative net income in multiple 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 2025 0 200M 400M

1.2 Ratios

  • AKVA's Return On Assets of 4.28% is fine compared to the rest of the industry. AKVA outperforms 64.15% of its industry peers.
  • AKVA has a better Return On Equity (13.14%) than 78.30% of its industry peers.
  • The Return On Invested Capital of AKVA (7.40%) is better than 64.15% of its industry peers.
  • AKVA had an Average Return On Invested Capital over the past 3 years of 4.56%. This is below the industry average of 8.58%.
  • The last Return On Invested Capital (7.40%) for AKVA is above the 3 year average (4.56%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.28%
ROE 13.14%
ROIC 7.4%
ROA(3y)2.34%
ROA(5y)0.73%
ROE(3y)7.18%
ROE(5y)2.19%
ROIC(3y)4.56%
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 2025 0 10 -10

1.3 Margins

  • AKVA's Profit Margin of 4.10% is in line compared to the rest of the industry. AKVA outperforms 55.66% of its industry peers.
  • AKVA's Profit Margin has improved in the last couple of years.
  • AKVA has a Operating Margin of 6.35%. This is comparable to the rest of the industry: AKVA outperforms 55.66% of its industry peers.
  • AKVA's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 42.70%, AKVA perfoms like the industry average, outperforming 51.89% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AKVA has remained more or less at the same level.
Industry RankSector Rank
OM 6.35%
PM (TTM) 4.1%
GM 42.7%
OM growth 3YN/A
OM growth 5Y6.39%
PM growth 3YN/A
PM growth 5Y7.37%
GM growth 3Y5.32%
GM growth 5Y1.5%
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 2025 0 10 20 30 40

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3

2. AKVA.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AKVA is still creating some value.
  • AKVA has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AKVA has more shares outstanding
  • AKVA has a better debt/assets ratio than last year.
AKVA.OL Yearly Shares OutstandingAKVA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B 4B

2.2 Solvency

  • AKVA has a debt to FCF ratio of 4.29. This is a neutral value as AKVA would need 4.29 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.29, AKVA is in the better half of the industry, outperforming 65.09% of the companies in the same industry.
  • AKVA has a Debt/Equity ratio of 0.98. This is a neutral value indicating AKVA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.98, AKVA is not doing good in the industry: 77.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.29
Altman-Z N/A
ROIC/WACC1.08
WACC6.87%
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 2025 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.
  • AKVA has a worse Current ratio (1.25) than 63.21% of its industry peers.
  • A Quick Ratio of 0.78 indicates that AKVA may have some problems paying its short term obligations.
  • AKVA has a worse Quick ratio (0.78) than 70.75% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.78
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 2025 500M 1B 1.5B

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8

3. AKVA.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 60.00% over the past year.
  • AKVA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.79% yearly.
  • AKVA shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.30%.
  • AKVA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.87% yearly.
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y13.79%
EPS Q2Q%470%
Revenue 1Y (TTM)22.3%
Revenue growth 3Y9.88%
Revenue growth 5Y6.87%
Sales Q2Q%40.51%

3.2 Future

  • AKVA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.08% yearly.
  • Based on estimates for the next years, AKVA will show a quite strong growth in Revenue. The Revenue will grow by 10.05% on average per year.
EPS Next Y9.27%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
EPS Next 5Y21.08%
Revenue Next Year10.57%
Revenue Next 2Y11.82%
Revenue Next 3Y10.52%
Revenue Next 5Y10.05%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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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3

4. AKVA.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.50, which indicates a rather expensive current valuation of AKVA.
  • The rest of the industry has a similar Price/Earnings ratio as AKVA.
  • AKVA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.91.
  • With a Price/Forward Earnings ratio of 22.42, AKVA is valued on the expensive side.
  • 64.15% of the companies in the same industry are cheaper than AKVA, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of AKVA to the average of the S&P500 Index (23.68), we can say AKVA is valued inline with the index average.
Industry RankSector Rank
PE 24.5
Fwd PE 22.42
AKVA.OL Price Earnings VS Forward Price EarningsAKVA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AKVA's Enterprise Value to EBITDA is on the same level as the industry average.
  • AKVA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AKVA is cheaper than 66.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.11
EV/EBITDA 11.56
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AKVA has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AKVA's earnings are expected to grow with 20.37% in the coming years.
PEG (NY)2.64
PEG (5Y)1.78
EPS Next 2Y30.88%
EPS Next 3Y20.37%

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

4

5. AKVA.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.90%, AKVA has a reasonable but not impressive dividend return.
  • AKVA's Dividend Yield is comparable with the industry average which is at 1.64.
  • Compared to an average S&P500 Dividend Yield of 1.89, AKVA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.9%

5.2 History

  • The dividend of AKVA has a limited annual growth rate of 2.28%.
Dividend Growth(5Y)2.28%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 40.32% of the earnings are spent on dividend by AKVA. This is a bit on the high side, but may be sustainable.
  • The dividend of AKVA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.32%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
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 2025 0 100M -100M 200M 300M
AKVA.OL Dividend Payout.AKVA.OL Dividend Payout, showing the Payout Ratio.AKVA.OL Dividend Payout.PayoutRetained Earnings

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AKVA.OL Fundamentals: All Metrics, Ratios and Statistics

AKVA GROUP ASA

OSL:AKVA (4/10/2026, 3:26:02 PM)

121.5

-3.5 (-2.8%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-13
Earnings (Next)05-07
Inst Owners18.98%
Inst Owner ChangeN/A
Ins Owners1.43%
Ins Owner ChangeN/A
Market Cap4.46B
Revenue(TTM)4.40B
Net Income(TTM)180.39M
Analysts84.44
Price Target132.6 (9.14%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.9%
Yearly Dividend2
Dividend Growth(5Y)2.28%
DP40.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)335.07%
Min EPS beat(2)110.6%
Max EPS beat(2)559.54%
EPS beat(4)3
Avg EPS beat(4)181.39%
Min EPS beat(4)-5.88%
Max EPS beat(4)559.54%
EPS beat(8)6
Avg EPS beat(8)179.86%
EPS beat(12)7
Avg EPS beat(12)140.5%
EPS beat(16)8
Avg EPS beat(16)-475.89%
Revenue beat(2)1
Avg Revenue beat(2)8.15%
Min Revenue beat(2)-14.2%
Max Revenue beat(2)30.5%
Revenue beat(4)1
Avg Revenue beat(4)2.82%
Min Revenue beat(4)-14.2%
Max Revenue beat(4)30.5%
Revenue beat(8)2
Avg Revenue beat(8)-0.56%
Revenue beat(12)5
Avg Revenue beat(12)-0.04%
Revenue beat(16)7
Avg Revenue beat(16)-0.39%
PT rev (1m)0%
PT rev (3m)12.55%
EPS NQ rev (1m)-46.67%
EPS NQ rev (3m)-50%
EPS NY rev (1m)0%
EPS NY rev (3m)4.59%
Revenue NQ rev (1m)-2.2%
Revenue NQ rev (3m)-5.89%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)3.03%
Valuation
Industry RankSector Rank
PE 24.5
Fwd PE 22.42
P/S 1.01
P/FCF 12.11
P/OCF 8.19
P/B 3.24
P/tB N/A
EV/EBITDA 11.56
EPS(TTM)4.96
EY4.08%
EPS(NY)5.42
Fwd EY4.46%
FCF(TTM)10.03
FCFY8.26%
OCF(TTM)14.83
OCFY12.21%
SpS120.12
BVpS37.45
TBVpS-6.73
PEG (NY)2.64
PEG (5Y)1.78
Graham Number64.65
Profitability
Industry RankSector Rank
ROA 4.28%
ROE 13.14%
ROCE 9.61%
ROIC 7.4%
ROICexc 8.21%
ROICexgc 21.45%
OM 6.35%
PM (TTM) 4.1%
GM 42.7%
FCFM 8.35%
ROA(3y)2.34%
ROA(5y)0.73%
ROE(3y)7.18%
ROE(5y)2.19%
ROIC(3y)4.56%
ROIC(5y)N/A
ROICexc(3y)5%
ROICexc(5y)N/A
ROICexgc(3y)12.42%
ROICexgc(5y)N/A
ROCE(3y)5.93%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-15.74%
ROICexc growth 3YN/A
ROICexc growth 5Y8.94%
OM growth 3YN/A
OM growth 5Y6.39%
PM growth 3YN/A
PM growth 5Y7.37%
GM growth 3Y5.32%
GM growth 5Y1.5%
F-Score7
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.29
Debt/EBITDA 2.66
Cap/Depr 77.01%
Cap/Sales 4%
Interest Coverage 12.86
Cash Conversion 107.01%
Profit Quality 203.92%
Current Ratio 1.25
Quick Ratio 0.78
Altman-Z N/A
F-Score7
WACC6.87%
ROIC/WACC1.08
Cap/Depr(3y)95.37%
Cap/Depr(5y)81.65%
Cap/Sales(3y)5.29%
Cap/Sales(5y)4.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y13.79%
EPS Q2Q%470%
EPS Next Y9.27%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
EPS Next 5Y21.08%
Revenue 1Y (TTM)22.3%
Revenue growth 3Y9.88%
Revenue growth 5Y6.87%
Sales Q2Q%40.51%
Revenue Next Year10.57%
Revenue Next 2Y11.82%
Revenue Next 3Y10.52%
Revenue Next 5Y10.05%
EBIT growth 1Y9.33%
EBIT growth 3YN/A
EBIT growth 5Y13.7%
EBIT Next Year119.15%
EBIT Next 3Y41.9%
EBIT Next 5Y29.45%
FCF growth 1Y1092.65%
FCF growth 3Y90.16%
FCF growth 5Y12.76%
OCF growth 1Y257.57%
OCF growth 3Y34.94%
OCF growth 5Y12.27%

AKVA GROUP ASA / AKVA.OL Fundamental Analysis FAQ

What is the fundamental rating for AKVA stock?

ChartMill assigns a fundamental rating of 5 / 10 to AKVA.OL.


What is the valuation status for AKVA stock?

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


How profitable is AKVA GROUP ASA (AKVA.OL) stock?

AKVA GROUP ASA (AKVA.OL) has a profitability rating of 6 / 10.


How financially healthy is AKVA GROUP ASA?

The financial health rating of AKVA GROUP ASA (AKVA.OL) is 3 / 10.


Is the dividend of AKVA GROUP ASA sustainable?

The dividend rating of AKVA GROUP ASA (AKVA.OL) is 4 / 10 and the dividend payout ratio is 40.32%.