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EAM SOLAR ASA (EAM.OL) Stock Fundamental Analysis

OSL:EAM - Euronext Oslo - NO0013601245 - Common Stock - Currency: NOK

2.1  -0.73 (-25.8%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to EAM. EAM was compared to 22 industry peers in the Independent Power and Renewable Electricity Producers industry. The financial health of EAM is average, but there are quite some concerns on its profitability. EAM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

EAM had negative earnings in the past year.
EAM had a negative operating cash flow in the past year.
In the past 5 years EAM always reported negative net income.
In the past 5 years EAM always reported negative operating cash flow.
EAM.OL Yearly Net Income VS EBIT VS OCF VS FCFEAM.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M

1.2 Ratios

EAM has a worse Return On Assets (-8.69%) than 86.36% of its industry peers.
The Return On Equity of EAM (-96.66%) is worse than 90.91% of its industry peers.
Industry RankSector Rank
ROA -8.69%
ROE -96.66%
ROIC N/A
ROA(3y)-15.28%
ROA(5y)-14.9%
ROE(3y)-82.14%
ROE(5y)-60.79%
ROIC(3y)N/A
ROIC(5y)N/A
EAM.OL Yearly ROA, ROE, ROICEAM.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200

1.3 Margins

EAM's Gross Margin of 83.90% is fine compared to the rest of the industry. EAM outperforms 68.18% of its industry peers.
EAM's Gross Margin has been stable in the last couple of years.
EAM 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 83.9%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.3%
GM growth 5Y-0.36%
EAM.OL Yearly Profit, Operating, Gross MarginsEAM.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600 -800 -1K

4

2. Health

2.1 Basic Checks

EAM does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for EAM has been increased compared to 1 year ago.
EAM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for EAM has been reduced compared to a year ago.
EAM.OL Yearly Shares OutstandingEAM.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
EAM.OL Yearly Total Debt VS Total AssetsEAM.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

A Debt/Equity ratio of 2.20 is on the high side and indicates that EAM has dependencies on debt financing.
EAM's Debt to Equity ratio of 2.20 is on the low side compared to the rest of the industry. EAM is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.2
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.38%
EAM.OL Yearly LT Debt VS Equity VS FCFEAM.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M

2.3 Liquidity

EAM has a Current Ratio of 2.39. This indicates that EAM is financially healthy and has no problem in meeting its short term obligations.
EAM's Current ratio of 2.39 is amongst the best of the industry. EAM outperforms 86.36% of its industry peers.
EAM has a Quick Ratio of 2.39. This indicates that EAM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of EAM (2.39) is better than 86.36% of its industry peers.
Industry RankSector Rank
Current Ratio 2.39
Quick Ratio 2.39
EAM.OL Yearly Current Assets VS Current LiabilitesEAM.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 80.17% over the past year.
EAM shows a strong growth in Revenue. In the last year, the Revenue has grown by 74.95%.
The Revenue for EAM have been decreasing by -13.80% on average. This is quite bad
EPS 1Y (TTM)80.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-162.16%
Revenue 1Y (TTM)74.95%
Revenue growth 3Y4.16%
Revenue growth 5Y-13.8%
Sales Q2Q%10.64%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EAM.OL Yearly Revenue VS EstimatesEAM.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
EAM.OL Yearly EPS VS EstimatesEAM.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 -0 -0 -0.01 -0.01 -0.01

0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for EAM. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
EAM.OL Price Earnings VS Forward Price EarningsEAM.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
EAM.OL Per share dataEAM.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

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

EAM SOLAR ASA

OSL:EAM (7/8/2025, 2:57:51 PM)

2.1

-0.73 (-25.8%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)05-22 2025-05-22
Earnings (Next)08-21 2025-08-21
Inst Owners0.29%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap16.07M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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)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 N/A
Fwd PE N/A
P/S 0.79
P/FCF N/A
P/OCF N/A
P/B 1.24
P/tB 1.25
EV/EBITDA N/A
EPS(TTM)-0.57
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)-0.09
OCFYN/A
SpS2.66
BVpS1.69
TBVpS1.68
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.69%
ROE -96.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 83.9%
FCFM N/A
ROA(3y)-15.28%
ROA(5y)-14.9%
ROE(3y)-82.14%
ROE(5y)-60.79%
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 3Y1.3%
GM growth 5Y-0.36%
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 2.2
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.39
Quick Ratio 2.39
Altman-Z N/A
F-Score6
WACC8.38%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)80.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-162.16%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)74.95%
Revenue growth 3Y4.16%
Revenue growth 5Y-13.8%
Sales Q2Q%10.64%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y48.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y90.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y90.56%
OCF growth 3YN/A
OCF growth 5YN/A