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CAVENDISH HYDROGEN ASA (CAVEN.OL) Stock Fundamental Analysis

OSL:CAVEN - NO0013219535 - Common Stock

7.75 NOK
-0.08 (-1.02%)
Last: 9/8/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to CAVEN. CAVEN was compared to 58 industry peers in the Electrical Equipment industry. While CAVEN seems to be doing ok healthwise, there are quite some concerns on its profitability. CAVEN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

CAVEN had negative earnings in the past year.
CAVEN had a negative operating cash flow in the past year.
CAVEN.OL Yearly Net Income VS EBIT VS OCF VS FCFCAVEN.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 -20M -40M -60M

1.2 Ratios

With a Return On Assets value of -30.30%, CAVEN is not doing good in the industry: 87.93% of the companies in the same industry are doing better.
CAVEN has a Return On Equity of -39.78%. This is amonst the worse of the industry: CAVEN underperforms 81.03% of its industry peers.
Industry RankSector Rank
ROA -30.3%
ROE -39.78%
ROIC N/A
ROA(3y)-52.26%
ROA(5y)N/A
ROE(3y)-492.28%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CAVEN.OL Yearly ROA, ROE, ROICCAVEN.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 -200 -400 -600 -800 -1K

1.3 Margins

The Gross Margin of CAVEN (52.82%) is better than 79.31% of its industry peers.
In the last couple of years the Gross Margin of CAVEN has grown nicely.
CAVEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.82%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.15%
GM growth 5YN/A
CAVEN.OL Yearly Profit, Operating, Gross MarginsCAVEN.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 -100 -200 -300

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5

2. Health

2.1 Basic Checks

CAVEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CAVEN remains at a similar level compared to 1 year ago.
CAVEN has a better debt/assets ratio than last year.
CAVEN.OL Yearly Shares OutstandingCAVEN.OL Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 10M 20M 30M
CAVEN.OL Yearly Total Debt VS Total AssetsCAVEN.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

CAVEN has an Altman-Z score of 0.07. This is a bad value and indicates that CAVEN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.07, CAVEN is doing worse than 81.03% of the companies in the same industry.
CAVEN has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
CAVEN has a better Debt to Equity ratio (0.03) than 91.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 0.07
ROIC/WACCN/A
WACC8.25%
CAVEN.OL Yearly LT Debt VS Equity VS FCFCAVEN.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 20M -20M 40M 60M

2.3 Liquidity

A Current Ratio of 3.78 indicates that CAVEN has no problem at all paying its short term obligations.
CAVEN's Current ratio of 3.78 is amongst the best of the industry. CAVEN outperforms 96.55% of its industry peers.
A Quick Ratio of 2.70 indicates that CAVEN has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.70, CAVEN belongs to the best of the industry, outperforming 98.28% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.78
Quick Ratio 2.7
CAVEN.OL Yearly Current Assets VS Current LiabilitesCAVEN.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 20M 40M 60M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 21.21% over the past year.
The Revenue has been growing slightly by 7.34% in the past year.
CAVEN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.23% yearly.
EPS 1Y (TTM)21.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-55.27%
Revenue 1Y (TTM)7.34%
Revenue growth 3Y-0.23%
Revenue growth 5YN/A
Sales Q2Q%-61.9%

3.2 Future

CAVEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.53% yearly.
Based on estimates for the next years, CAVEN will show a very strong growth in Revenue. The Revenue will grow by 41.42% on average per year.
EPS Next Y1.45%
EPS Next 2Y24.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year25.93%
Revenue Next 2Y41.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CAVEN.OL Yearly Revenue VS EstimatesCAVEN.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 10M 20M 30M 40M 50M
CAVEN.OL Yearly EPS VS EstimatesCAVEN.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 -0.2 -0.4 -0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

CAVEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CAVEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CAVEN.OL Price Earnings VS Forward Price EarningsCAVEN.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
CAVEN.OL Per share dataCAVEN.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

A more expensive valuation may be justified as CAVEN's earnings are expected to grow with 24.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.53%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

CAVEN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CAVENDISH HYDROGEN ASA

OSL:CAVEN (9/8/2025, 7:00:00 PM)

7.75

-0.08 (-1.02%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-28 2024-11-28/bmo
Earnings (Next)N/A N/A
Inst Owners6.95%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap260.56M
Analysts86.67
Price Target22.44 (189.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)-38.67%
Min Revenue beat(2)-55.1%
Max Revenue beat(2)-22.25%
Revenue beat(4)1
Avg Revenue beat(4)-14.82%
Min Revenue beat(4)-55.1%
Max Revenue beat(4)48.87%
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)37.5%
PT rev (3m)37.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.89
P/FCF N/A
P/OCF N/A
P/B 0.34
P/tB 0.42
EV/EBITDA N/A
EPS(TTM)-9.08
EYN/A
EPS(NY)-3.74
Fwd EYN/A
FCF(TTM)-12.53
FCFYN/A
OCF(TTM)-9.97
OCFYN/A
SpS8.71
BVpS22.82
TBVpS18.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -30.3%
ROE -39.78%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.82%
FCFM N/A
ROA(3y)-52.26%
ROA(5y)N/A
ROE(3y)-492.28%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y20.15%
GM growth 5YN/A
F-Score3
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 159.81%
Cap/Sales 29.34%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.78
Quick Ratio 2.7
Altman-Z 0.07
F-Score3
WACC8.25%
ROIC/WACCN/A
Cap/Depr(3y)90.97%
Cap/Depr(5y)N/A
Cap/Sales(3y)21.26%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-55.27%
EPS Next Y1.45%
EPS Next 2Y24.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.34%
Revenue growth 3Y-0.23%
Revenue growth 5YN/A
Sales Q2Q%-61.9%
Revenue Next Year25.93%
Revenue Next 2Y41.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-448.44%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-27.78%
OCF growth 3YN/A
OCF growth 5YN/A