APPEAR ASA (APR.OL) Stock Fundamental Analysis

OSL:APR • NO0013683821

67.18 NOK
-1.12 (-1.64%)
Last: Feb 20, 2026, 07:00 PM
Fundamental Rating

4

APR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 32 industry peers in the Communications Equipment industry. APR has an average financial health and profitability rating. APR has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • APR had positive earnings in the past year.
APR.OL Yearly Net Income VS EBIT VS OCF VS FCFAPR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 2024 0 20M -20M 40M -40M 60M 80M

1.2 Ratios

  • APR's Return On Assets of 11.00% is amongst the best of the industry. APR outperforms 87.50% of its industry peers.
  • APR has a better Return On Equity (18.09%) than 75.00% of its industry peers.
  • APR has a better Return On Invested Capital (12.73%) than 81.25% of its industry peers.
Industry RankSector Rank
ROA 11%
ROE 18.09%
ROIC 12.73%
ROA(3y)7.09%
ROA(5y)N/A
ROE(3y)11.4%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
APR.OL Yearly ROA, ROE, ROICAPR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 2024 0 10 20

1.3 Margins

  • APR has a better Profit Margin (11.48%) than 71.88% of its industry peers.
  • With a decent Operating Margin value of 12.47%, APR is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • APR has a better Gross Margin (72.30%) than 90.63% of its industry peers.
Industry RankSector Rank
OM 12.47%
PM (TTM) 11.48%
GM 72.3%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
APR.OL Yearly Profit, Operating, Gross MarginsAPR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 0 20 40 60

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APR is still creating some value.
  • The number of shares outstanding for APR remains at a similar level compared to 1 year ago.
  • Compared to 1 year ago, APR has a worse debt to assets ratio.
APR.OL Yearly Shares OutstandingAPR.OL Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 2024 10M 20M 30M 40M
APR.OL Yearly Total Debt VS Total AssetsAPR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 9.63 indicates that APR is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 9.63, APR belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • APR has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • APR has a better Debt to Equity ratio (0.14) than 65.63% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 9.63
ROIC/WACC1.49
WACC8.56%
APR.OL Yearly LT Debt VS Equity VS FCFAPR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 2024 0 100M 200M

2.3 Liquidity

  • A Current Ratio of 2.91 indicates that APR has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.91, APR is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
  • A Quick Ratio of 2.58 indicates that APR has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.58, APR belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.91
Quick Ratio 2.58
APR.OL Yearly Current Assets VS Current LiabilitesAPR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 2024 100M 200M 300M

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 114.35% over the past year.
  • The Revenue has grown by 48.57% in the past year. This is a very strong growth!
EPS 1Y (TTM)114.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)48.57%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • The Earnings Per Share is expected to grow by 35.67% on average over the next years. This is a very strong growth
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y51.51%
EPS Next 2Y43.74%
EPS Next 3Y35.67%
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
APR.OL Yearly Revenue VS EstimatesAPR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 200M 400M 600M
APR.OL Yearly EPS VS EstimatesAPR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 1 2 3 4

4

4. Valuation

4.1 Price/Earnings Ratio

  • APR is valuated quite expensively with a Price/Earnings ratio of 39.75.
  • Compared to the rest of the industry, the Price/Earnings ratio of APR indicates a somewhat cheap valuation: APR is cheaper than 65.63% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of APR to the average of the S&P500 Index (26.99), we can say APR is valued slightly more expensively.
  • APR is valuated rather expensively with a Price/Forward Earnings ratio of 19.28.
  • 71.88% of the companies in the same industry are more expensive than APR, based on the Price/Forward Earnings ratio.
  • APR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 39.75
Fwd PE 19.28
APR.OL Price Earnings VS Forward Price EarningsAPR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • APR's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 26.78
APR.OL Per share dataAPR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

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.
  • A more expensive valuation may be justified as APR's earnings are expected to grow with 35.67% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y43.74%
EPS Next 3Y35.67%

0

5. Dividend

5.1 Amount

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

APPEAR ASA

OSL:APR (2/20/2026, 7:00:00 PM)

67.18

-1.12 (-1.64%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners9.47%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.77B
Revenue(TTM)605.61M
Net Income(TTM)69.51M
Analysts80
Price Target102 (51.83%)
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 YearsN/A
Div Non Decr YearsN/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)N/A
PT rev (3m)N/A
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)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 39.75
Fwd PE 19.28
P/S 4.57
P/FCF N/A
P/OCF N/A
P/B 7.21
P/tB 8.22
EV/EBITDA 26.78
EPS(TTM)1.69
EY2.52%
EPS(NY)3.48
Fwd EY5.19%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS14.69
BVpS9.32
TBVpS8.17
PEG (NY)0.77
PEG (5Y)N/A
Graham Number18.83
Profitability
Industry RankSector Rank
ROA 11%
ROE 18.09%
ROCE 16.52%
ROIC 12.73%
ROICexc 41.92%
ROICexgc 63.58%
OM 12.47%
PM (TTM) 11.48%
GM 72.3%
FCFM N/A
ROA(3y)7.09%
ROA(5y)N/A
ROE(3y)11.4%
ROE(5y)N/A
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 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA 0.62
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.91
Quick Ratio 2.58
Altman-Z 9.63
F-ScoreN/A
WACC8.56%
ROIC/WACC1.49
Cap/Depr(3y)63.96%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.77%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)114.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y51.51%
EPS Next 2Y43.74%
EPS Next 3Y35.67%
EPS Next 5YN/A
Revenue 1Y (TTM)48.57%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y127.96%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.73%
OCF growth 3YN/A
OCF growth 5YN/A

APPEAR ASA / APR.OL FAQ

What is the ChartMill fundamental rating of APPEAR ASA (APR.OL) stock?

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


What is the valuation status for APR stock?

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


What is the profitability of APR stock?

APPEAR ASA (APR.OL) has a profitability rating of 4 / 10.


What are the PE and PB ratios of APPEAR ASA (APR.OL) stock?

The Price/Earnings (PE) ratio for APPEAR ASA (APR.OL) is 39.75 and the Price/Book (PB) ratio is 7.21.