ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - OSL:ELK - NO0010816093 - Common Stock
26.68 NOK
-0.1 (-0.37%)
We assign a fundamental rating of 4 out of 10 to ELK. ELK was compared to 69 industry peers in the Chemicals industry. Both the profitability and the financial health of ELK get a neutral evaluation. Nothing too spectacular is happening here. ELK does not seem to be growing, but still is valued expensively.
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.
ELK had positive earnings in each of the past 5 years.
In the past 5 years ELK always reported a positive cash flow from operatings.
1.2 Ratios
ELK has a worse Return On Assets (-0.92%) than 65.22% of its industry peers.
With a Return On Equity value of -1.87%, ELK is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
ELK's Return On Invested Capital of 2.72% is in line compared to the rest of the industry. ELK outperforms 46.38% of its industry peers.
ELK had an Average Return On Invested Capital over the past 3 years of 8.73%. This is in line with the industry average of 7.01%.
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 (8.03%) which is in line with its industry peers.
ELK's Operating Margin has improved in the last couple of years.
ELK has a better Gross Margin (52.20%) than 79.71% 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.
The number of shares outstanding for ELK remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ELK has more shares outstanding
The debt/assets ratio for ELK has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.75, we must say that ELK is in the distress zone and has some risk of bankruptcy.
ELK has a Altman-Z score of 1.75. This is in the lower half of the industry: ELK underperforms 71.01% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that ELK is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, ELK is in line with its industry, outperforming 46.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.75 |
ROIC/WACC0.37
WACC7.32%
2.3 Liquidity
A Current Ratio of 3.00 indicates that ELK has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.00, ELK belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
ELK has a Quick Ratio of 1.56. This is a normal value and indicates that ELK is financially healthy and should not expect problems in meeting its short term obligations.
ELK's Quick ratio of 1.56 is fine compared to the rest of the industry. ELK outperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The earnings per share for ELK have decreased strongly by -1100.00% in the last year.
ELK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.90% yearly.
Looking at the last year, ELK shows a very negative growth in Revenue. The Revenue has decreased by -15.73% in the last year.
Measured over the past years, ELK shows a decrease in Revenue. The Revenue has been decreasing by -4.35% on average per year.
EPS 1Y (TTM)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-15.73%
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 35.84% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.38% on average over the next years.
EPS Next Y-182.81%
EPS Next 2Y27.27%
EPS Next 3Y35.84%
EPS Next 5YN/A
Revenue Next Year-6.28%
Revenue Next 2Y1.01%
Revenue Next 3Y2.38%
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.
ELK is valuated rather expensively with a Price/Forward Earnings ratio of 21.12.
ELK's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ELK to the average of the S&P500 Index (22.52), we can say ELK is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELK is valued a bit cheaper than 79.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.9 |
4.3 Compensation for Growth
ELK's earnings are expected to grow with 35.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.27%
EPS Next 3Y35.84%
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.
With a Dividend Yield of 1.12, ELK pays less dividend than the S&P500 average, which is at 2.37.
| 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 2Y27.27%
EPS Next 3Y35.84%
OSL:ELK (10/31/2025, 7:00:00 PM)
26.68
-0.1 (-0.37%)
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 Cap17.06B
Revenue(TTM)17.81B
Net Income(TTM)-446000000
Analysts78
Price Target28.36 (6.3%)
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)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)7.75%
PT rev (3m)7.75%
EPS NQ rev (1m)10.39%
EPS NQ rev (3m)-64.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-152.52%
Revenue NQ rev (1m)4.12%
Revenue NQ rev (3m)4.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.12 | ||
| P/S | 0.83 | ||
| P/FCF | N/A | ||
| P/OCF | 10.24 | ||
| P/B | 0.72 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 5.9 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.26
Fwd EY4.74%
FCF(TTM)-2
FCFYN/A
OCF(TTM)2.61
OCFY9.77%
SpS32.13
BVpS37.28
TBVpS36.5
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
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-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 | 1.75 |
F-Score6
WACC7.32%
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)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
EPS Next Y-182.81%
EPS Next 2Y27.27%
EPS Next 3Y35.84%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.73%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-2.63%
Revenue Next Year-6.28%
Revenue Next 2Y1.01%
Revenue Next 3Y2.38%
Revenue Next 5YN/A
EBIT growth 1Y483.39%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year159.13%
EBIT Next 3Y56.1%
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%
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 2 / 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 5 / 10.
What is the financial health of ELKEM ASA (ELK.OL) stock?
The financial health rating of ELKEM ASA (ELK.OL) is 4 / 10.