ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELK - NO0010816093 - Common Stock
26.98 NOK
+0.48 (+1.81%)
Taking everything into account, ELK scores 4 out of 10 in our fundamental rating. ELK was compared to 74 industry peers in the Chemicals industry. ELK has only an average score on both its financial health and profitability. ELK has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
ELK had negative earnings in the past year.
ELK had a positive operating cash flow in the past year.
In the past 5 years ELK has always been profitable.
In the past 5 years ELK always reported a positive cash flow from operatings.
1.2 Ratios
ELK has a Return On Assets of -1.07%. This is in the lower half of the industry: ELK underperforms 66.22% of its industry peers.
Looking at the Return On Equity, with a value of -2.13%, ELK is doing worse than 67.57% of the companies in the same industry.
ELK has a Return On Invested Capital of 2.29%. This is comparable to the rest of the industry: ELK outperforms 45.95% of its industry peers.
ELK had an Average Return On Invested Capital over the past 3 years of 8.73%. This is above the industry average of 6.48%.
The last Return On Invested Capital (2.29%) for ELK is well below the 3 year average (8.73%), which needs to be investigated, but indicates that ELK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.07% | ||
| ROE | -2.13% | ||
| ROIC | 2.29% |
ROA(3y)6.39%
ROA(5y)6.2%
ROE(3y)11.85%
ROE(5y)12.17%
ROIC(3y)8.73%
ROIC(5y)8.61%
1.3 Margins
In the last couple of years the Profit Margin of ELK has declined.
The Operating Margin of ELK (8.13%) is better than 63.51% of its industry peers.
In the last couple of years the Operating Margin of ELK has grown nicely.
The Gross Margin of ELK (53.81%) is better than 82.43% of its industry peers.
ELK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.13% | ||
| PM (TTM) | N/A | ||
| GM | 53.81% |
OM growth 3Y-7.33%
OM growth 5Y22.64%
PM growth 3Y-41.92%
PM growth 5Y-6.54%
GM growth 3Y0.8%
GM growth 5Y2.02%
2. Health
2.1 Basic Checks
ELK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ELK remains at a similar level compared to 1 year ago.
The number of shares outstanding for ELK has been increased compared to 5 years ago.
The debt/assets ratio for ELK has been reduced compared to a year ago.
2.2 Solvency
ELK has an Altman-Z score of 1.69. This is a bad value and indicates that ELK is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.69, ELK is doing worse than 71.62% of the companies in the same industry.
ELK has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, ELK is in line with its industry, outperforming 44.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.69 |
ROIC/WACC0.32
WACC7.24%
2.3 Liquidity
ELK has a Current Ratio of 3.27. This indicates that ELK is financially healthy and has no problem in meeting its short term obligations.
ELK has a better Current ratio (3.27) than 89.19% of its industry peers.
A Quick Ratio of 1.67 indicates that ELK should not have too much problems paying its short term obligations.
ELK has a better Quick ratio (1.67) than 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
ELK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1100.00%.
The earnings per share for ELK have been decreasing by -11.90% on average. This is quite bad
The Revenue for ELK has decreased by -46.80% in the past year. This is quite bad
ELK shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.35% yearly.
EPS 1Y (TTM)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-46.8%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-2.63%
3.2 Future
The Earnings Per Share is expected to grow by 46.08% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.55% on average over the next years.
EPS Next Y-125.85%
EPS Next 2Y29.81%
EPS Next 3Y46.08%
EPS Next 5YN/A
Revenue Next Year-7.35%
Revenue Next 2Y-0.68%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
ELK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 20.53, the valuation of ELK can be described as rather expensive.
ELK's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 35.79. ELK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.53 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELK indicates a somewhat cheap valuation: ELK is cheaper than 79.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.27 |
4.3 Compensation for Growth
The decent profitability rating of ELK may justify a higher PE ratio.
A more expensive valuation may be justified as ELK's earnings are expected to grow with 46.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.81%
EPS Next 3Y46.08%
5. Dividend
5.1 Amount
ELK has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
ELK's Dividend Yield is slightly below the industry average, which is at 3.18.
Compared to an average S&P500 Dividend Yield of 2.41, ELK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y29.81%
EPS Next 3Y46.08%
OSL:ELK (11/26/2025, 11:43:52 AM)
26.98
+0.48 (+1.81%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners20.1%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap17.25B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts78
Price Target28.36 (5.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
Yearly Dividend6.02
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-794.23%
Min EPS beat(2)-1717.16%
Max EPS beat(2)128.7%
EPS beat(4)1
Avg EPS beat(4)-1012.51%
Min EPS beat(4)-2351.11%
Max EPS beat(4)128.7%
EPS beat(8)2
Avg EPS beat(8)-1098.43%
EPS beat(12)3
Avg EPS beat(12)-769.13%
EPS beat(16)7
Avg EPS beat(16)-570.96%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-5.2%
Max Revenue beat(2)5.35%
Revenue beat(4)2
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-5.85%
Max Revenue beat(4)5.35%
Revenue beat(8)4
Avg Revenue beat(8)-1.9%
Revenue beat(12)5
Avg Revenue beat(12)-2.35%
Revenue beat(16)7
Avg Revenue beat(16)-1.31%
PT rev (1m)-1.84%
PT rev (3m)7.75%
EPS NQ rev (1m)218.77%
EPS NQ rev (3m)8.51%
EPS NY rev (1m)68.78%
EPS NY rev (3m)49.39%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.53 | ||
| P/S | 1.02 | ||
| P/FCF | N/A | ||
| P/OCF | 12.77 | ||
| P/B | 0.72 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 6.27 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.31
Fwd EY4.87%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY7.83%
SpS26.42
BVpS37.29
TBVpS36.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.07% | ||
| ROE | -2.13% | ||
| ROCE | 3.14% | ||
| ROIC | 2.29% | ||
| ROICexc | 2.45% | ||
| ROICexgc | 2.48% | ||
| OM | 8.13% | ||
| PM (TTM) | N/A | ||
| GM | 53.81% | ||
| FCFM | N/A |
ROA(3y)6.39%
ROA(5y)6.2%
ROE(3y)11.85%
ROE(5y)12.17%
ROIC(3y)8.73%
ROIC(5y)8.61%
ROICexc(3y)10.76%
ROICexc(5y)10.71%
ROICexgc(3y)11.49%
ROICexgc(5y)11.66%
ROCE(3y)12.41%
ROCE(5y)12.33%
ROICexgc growth 3Y-39.97%
ROICexgc growth 5Y-3.21%
ROICexc growth 3Y-38.01%
ROICexc growth 5Y-2.06%
OM growth 3Y-7.33%
OM growth 5Y22.64%
PM growth 3Y-41.92%
PM growth 5Y-6.54%
GM growth 3Y0.8%
GM growth 5Y2.02%
F-Score5
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 100.39% | ||
| Cap/Sales | 16.64% | ||
| Interest Coverage | 1.76 | ||
| Cash Conversion | 32.37% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 1.69 |
F-Score5
WACC7.24%
ROIC/WACC0.32
Cap/Depr(3y)178.1%
Cap/Depr(5y)168.55%
Cap/Sales(3y)17.35%
Cap/Sales(5y)14.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
EPS Next Y-125.85%
EPS Next 2Y29.81%
EPS Next 3Y46.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-46.8%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-2.63%
Revenue Next Year-7.35%
Revenue Next 2Y-0.68%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
EBIT growth 1Y55.61%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year159.13%
EBIT Next 3Y56.1%
EBIT Next 5YN/A
FCF growth 1Y-428.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-73.43%
OCF growth 3Y-25.52%
OCF growth 5Y2%
ELKEM ASA / ELK.OL FAQ
What is the ChartMill fundamental rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ELK.OL.
What is the valuation status of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a valuation rating of 3 / 10 to ELKEM ASA (ELK.OL). This can be considered as Overvalued.
What is the profitability of ELK stock?
ELKEM ASA (ELK.OL) has a profitability rating of 6 / 10.
What is the financial health of ELKEM ASA (ELK.OL) stock?
The financial health rating of ELKEM ASA (ELK.OL) is 4 / 10.