ELKEM ASA (ELK.OL) Stock Fundamental Analysis
OSL:ELK - NO0010816093 - Common Stock
25.16 NOK
+0.12 (+0.48%)
Overall ELK gets a fundamental rating of 4 out of 10. We evaluated ELK against 65 industry peers in the Chemicals industry. ELK has an average financial health and profitability rating. ELK is valied quite expensively at the moment, while it does show a decent growth rate.
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.
ELK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.92%, ELK is doing worse than 60.00% of the companies in the same industry.
ELK has a worse Return On Equity (-1.87%) than 61.54% of its industry peers.
With a Return On Invested Capital value of 2.72%, ELK perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ELK is in line with the industry average of 7.08%.
The 3 year average ROIC (8.73%) for ELK is well above the current ROIC(2.72%). The reason for the recent decline needs to be investigated.
| 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.
ELK has a Operating Margin of 8.03%. This is in the better half of the industry: ELK outperforms 63.08% of its industry peers.
ELK's Operating Margin has improved in the last couple of years.
ELK has a better Gross Margin (52.20%) than 80.00% 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.
Compared to 5 years ago, ELK has more shares outstanding
ELK has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.72, we must say that ELK is in the distress zone and has some risk of bankruptcy.
ELK has a worse Altman-Z score (1.72) than 64.62% of its industry peers.
ELK has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
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 | 1.72 |
ROIC/WACC0.37
WACC7.43%
2.3 Liquidity
A Current Ratio of 3.00 indicates that ELK has no problem at all paying its short term obligations.
ELK has a better Current ratio (3.00) than 86.15% 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 Quick ratio of 1.56. This is in the better half of the industry: ELK outperforms 73.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
ELK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.39%, which is quite good.
ELK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.90% yearly.
ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -35.34%.
ELK shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.35% yearly.
EPS 1Y (TTM)11.39%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-136.3%
Revenue 1Y (TTM)-35.34%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-3.33%
3.2 Future
The Earnings Per Share is expected to grow by 40.58% on average over the next years. This is a very strong growth
Based on estimates for the next years, ELK will show a small growth in Revenue. The Revenue will grow by 2.45% on average per year.
EPS Next Y-151.08%
EPS Next 2Y37.54%
EPS Next 3Y40.58%
EPS Next 5YN/A
Revenue Next Year-5.95%
Revenue Next 2Y1.15%
Revenue Next 3Y2.45%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ELK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 17.05 indicates a rather expensive valuation of ELK.
Based on the Price/Forward Earnings ratio, ELK is valued a bit cheaper than 63.08% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.69. ELK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 17.05 |
4.2 Price Multiples
86.15% of the companies in the same industry are more expensive than ELK, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.66 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ELK's earnings are expected to grow with 40.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.54%
EPS Next 3Y40.58%
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 3.00, ELK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.45, 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 2Y37.54%
EPS Next 3Y40.58%
OSL:ELK (9/8/2025, 4:02:24 PM)
25.16
+0.12 (+0.48%)
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 Cap16.09B
Analysts78
Price Target26.32 (4.61%)
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)0
Avg EPS beat(2)-2034.13%
Min EPS beat(2)-2351.11%
Max EPS beat(2)-1717.16%
EPS beat(4)0
Avg EPS beat(4)-1057.71%
Min EPS beat(4)-2351.11%
Max EPS beat(4)-52.09%
EPS beat(8)1
Avg EPS beat(8)-1159.62%
EPS beat(12)3
Avg EPS beat(12)-775.14%
EPS beat(16)7
Avg EPS beat(16)-577.5%
Revenue beat(2)1
Avg Revenue beat(2)-0.25%
Min Revenue beat(2)-5.85%
Max Revenue beat(2)5.35%
Revenue beat(4)2
Avg Revenue beat(4)-2.17%
Min Revenue beat(4)-12.1%
Max Revenue beat(4)5.35%
Revenue beat(8)4
Avg Revenue beat(8)-2.65%
Revenue beat(12)6
Avg Revenue beat(12)-1.83%
Revenue beat(16)8
Avg Revenue beat(16)-0.79%
PT rev (1m)0%
PT rev (3m)9.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-121%
EPS NY rev (1m)-132.4%
EPS NY rev (3m)-132.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 17.05 | ||
| P/S | 0.78 | ||
| P/FCF | N/A | ||
| P/OCF | 9.66 | ||
| P/B | 0.67 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 5.66 |
EPS(TTM)-0.7
EYN/A
EPS(NY)1.48
Fwd EY5.86%
FCF(TTM)-2
FCFYN/A
OCF(TTM)2.61
OCFY10.36%
SpS32.13
BVpS37.28
TBVpS36.5
PEG (NY)N/A
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 | 1.72 |
F-Score6
WACC7.43%
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)11.39%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-136.3%
EPS Next Y-151.08%
EPS Next 2Y37.54%
EPS Next 3Y40.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-35.34%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-3.33%
Revenue Next Year-5.95%
Revenue Next 2Y1.15%
Revenue Next 3Y2.45%
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%