ELKEM ASA (ELK.OL) Stock Fundamental Analysis
OSL:ELK - Euronext Oslo - NO0010816093 - Common Stock - Currency: NOK
Overall ELK gets a fundamental rating of 5 out of 10. We evaluated ELK against 67 industry peers in the Chemicals industry. ELK has only an average score on both its financial health and profitability. ELK has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ELK had positive 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.
Each year in the past 5 years ELK had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ELK (-0.92%) is comparable to the rest of the industry.
ELK has a Return On Equity (-1.87%) which is in line with its industry peers.
ELK has a Return On Invested Capital (2.72%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ELK is above the industry average of 6.36%.
The last Return On Invested Capital (2.72%) 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 | -0.92% | ||
| ROE | -1.87% | ||
| ROIC | 2.72% |
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.
With a decent Operating Margin value of 8.03%, ELK is doing good in the industry, outperforming 67.16% of the companies in the same industry.
In the last couple of years the Operating Margin of ELK has grown nicely.
ELK has a Gross Margin of 52.20%. This is amongst the best in the industry. ELK outperforms 80.60% of its industry peers.
ELK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.03% | ||
| PM (TTM) | N/A | ||
| GM | 52.2% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ELK is still creating some value.
Compared to 1 year ago, ELK has about the same amount of shares outstanding.
The number of shares outstanding for ELK has been increased compared to 5 years ago.
Compared to 1 year ago, ELK has an improved debt to assets ratio.
2.2 Solvency
ELK has an Altman-Z score of 1.71. This is a bad value and indicates that ELK is not financially healthy and even has some risk of bankruptcy.
ELK's Altman-Z score of 1.71 is on the low side compared to the rest of the industry. ELK is outperformed by 67.16% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that ELK is not too dependend on debt financing.
ELK has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.71 |
ROIC/WACC0.37
WACC7.31%
2.3 Liquidity
ELK has a Current Ratio of 3.00. This indicates that ELK is financially healthy and has no problem in meeting its short term obligations.
ELK has a better Current ratio (3.00) than 86.57% of its industry peers.
A Quick Ratio of 1.56 indicates that ELK should not have too much problems paying its short term obligations.
ELK has a better Quick ratio (1.56) than 77.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 680.00% over the past year.
Measured over the past years, ELK shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.90% on average per year.
ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -35.34%.
The Revenue has been decreasing by -4.35% on average over the past years.
EPS 1Y (TTM)680%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-135.63%
Revenue 1Y (TTM)-35.34%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-47.9%
3.2 Future
The Earnings Per Share is expected to grow by 63.44% on average over the next years. This is a very strong growth
ELK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.88% yearly.
EPS Next Y57.67%
EPS Next 2Y66.99%
EPS Next 3Y63.44%
EPS Next 5YN/A
Revenue Next Year-2.05%
Revenue Next 2Y3.08%
Revenue Next 3Y2.88%
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
A Price/Earnings ratio of 31.33 indicates a quite expensive valuation of ELK.
Compared to the rest of the industry, the Price/Earnings ratio of ELK is on the same level as its industry peers.
ELK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.24, the valuation of ELK can be described as reasonable.
ELK's Price/Forward Earnings ratio is rather cheap when compared to the industry. ELK is cheaper than 80.60% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.44. ELK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.33 | ||
| Fwd PE | 11.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELK is valued cheaply inside the industry as 86.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.58 |
4.3 Compensation for Growth
ELK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
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 63.44% in the coming years.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y66.99%
EPS Next 3Y63.44%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.22%, ELK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.14, ELK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, ELK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y66.99%
EPS Next 3Y63.44%
OSL:ELK (7/18/2025, 7:00:00 PM)
24.44
-0.2 (-0.81%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners20.98%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap15.63B
Analysts78
Price Target26.32 (7.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
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)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)-24.54%
Min Revenue beat(2)-43.22%
Max Revenue beat(2)-5.85%
Revenue beat(4)1
Avg Revenue beat(4)-14.32%
Min Revenue beat(4)-43.22%
Max Revenue beat(4)3.91%
Revenue beat(8)3
Avg Revenue beat(8)-8.72%
Revenue beat(12)5
Avg Revenue beat(12)-5.88%
Revenue beat(16)7
Avg Revenue beat(16)-3.82%
PT rev (1m)9.32%
PT rev (3m)4.88%
EPS NQ rev (1m)-83.5%
EPS NQ rev (3m)-83.5%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.33 | ||
| Fwd PE | 11.24 | ||
| P/S | 0.76 | ||
| P/FCF | N/A | ||
| P/OCF | 9.38 | ||
| P/B | 0.66 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 5.58 |
EPS(TTM)0.78
EY3.19%
EPS(NY)2.18
Fwd EY8.9%
FCF(TTM)-2
FCFYN/A
OCF(TTM)2.61
OCFY10.66%
SpS32.13
BVpS37.28
TBVpS36.5
PEG (NY)0.54
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.92% | ||
| ROE | -1.87% | ||
| ROCE | 3.73% | ||
| ROIC | 2.72% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 2.95% | ||
| OM | 8.03% | ||
| PM (TTM) | N/A | ||
| GM | 52.2% | ||
| 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%
ROICexcg growth 3Y-39.97%
ROICexcg 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-Score6
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.54 | ||
| Cap/Depr | 104.17% | ||
| Cap/Sales | 14.33% | ||
| Interest Coverage | 1.99 | ||
| Cash Conversion | 37.2% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 1.71 |
F-Score6
WACC7.31%
ROIC/WACC0.37
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)680%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-135.63%
EPS Next Y57.67%
EPS Next 2Y66.99%
EPS Next 3Y63.44%
EPS Next 5YN/A
Revenue 1Y (TTM)-35.34%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-47.9%
Revenue Next Year-2.05%
Revenue Next 2Y3.08%
Revenue Next 3Y2.88%
Revenue Next 5YN/A
EBIT growth 1Y483.39%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year214.92%
EBIT Next 3Y61.29%
EBIT Next 5YN/A
FCF growth 1Y-213.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-72.6%
OCF growth 3Y-25.52%
OCF growth 5Y2%