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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

Overall EAM gets a fundamental rating of 2 out of 10. We evaluated EAM against 19 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 does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

In the past year EAM has reported negative net income.
In the past year EAM has reported a negative cash flow from operations.
EAM had negative earnings in each of the past 5 years.
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 Return On Assets of -8.69%. This is amonst the worse of the industry: EAM underperforms 86.96% of its industry peers.
EAM's Return On Equity of -96.66% is on the low side compared to the rest of the industry. EAM is outperformed by 91.30% 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

The Gross Margin of EAM (83.90%) is better than 69.57% of its industry peers.
In the last couple of years the Gross Margin of EAM has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for EAM so they could not be analyzed.
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.
EAM has more shares outstanding than it did 1 year ago.
EAM has more shares outstanding than it did 5 years ago.
EAM has a better debt/assets ratio than last year.
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.
The Debt to Equity ratio of EAM (2.20) is worse than 78.26% 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 has a better Current ratio (2.39) than 86.96% 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.
EAM has a Quick ratio of 2.39. This is amongst the best in the industry. EAM outperforms 86.96% 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%.
EAM shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -13.80% yearly.
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