ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELK - NO0010816093 - Common Stock
30.12 NOK
+0.62 (+2.1%)
Overall ELK gets a fundamental rating of 4 out of 10. We evaluated ELK against 68 industry peers in the Chemicals industry. ELK has only an average score on both its financial health and profitability. ELK does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year ELK has reported negative net income.
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
With a Return On Assets value of -1.07%, ELK is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
The Return On Equity of ELK (-2.13%) is worse than 72.06% of its industry peers.
ELK has a Return On Invested Capital of 2.29%. This is comparable to the rest of the industry: ELK outperforms 41.18% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELK 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(2.29%). The reason for the recent decline needs to be investigated.
| 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 comparable to the rest of the industry.
ELK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 53.81%, ELK belongs to the top of the industry, outperforming 80.88% of the companies in the same industry.
In the last couple of years the Gross Margin of ELK has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ELK is creating some value.
ELK has about the same amout of shares outstanding than it did 1 year ago.
ELK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ELK has an improved debt to assets ratio.
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.
Looking at the Altman-Z score, with a value of 1.75, ELK is doing worse than 76.47% 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.
ELK's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. ELK outperforms 44.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.75 |
ROIC/WACC0.31
WACC7.28%
2.3 Liquidity
A Current Ratio of 3.27 indicates that ELK has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.27, ELK belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
ELK has a Quick Ratio of 1.67. This is a normal value and indicates that ELK is financially healthy and should not expect problems in meeting its short term obligations.
ELK has a better Quick ratio (1.67) than 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 |
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.
ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -46.80%.
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)-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 42.92% 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 0.27% on average per year.
EPS Next Y-179.92%
EPS Next 2Y22.96%
EPS Next 3Y42.92%
EPS Next 5YN/A
Revenue Next Year-8.51%
Revenue Next 2Y-2.48%
Revenue Next 3Y0.27%
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.
The Price/Forward Earnings ratio is 25.54, which means the current valuation is very expensive for ELK.
ELK's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ELK is more expensive than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.40, ELK is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 25.54 |
4.2 Price Multiples
72.06% 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 | 6.82 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ELK's earnings are expected to grow with 42.92% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y22.96%
EPS Next 3Y42.92%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.02%, ELK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.51, ELK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.00, ELK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.02% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y22.96%
EPS Next 3Y42.92%
OSL:ELK (12/29/2025, 7:00:00 PM)
30.12
+0.62 (+2.1%)
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 Cap19.26B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts78
Price Target30.11 (-0.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.02% |
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)6.18%
PT rev (3m)14.41%
EPS NQ rev (1m)-111.76%
EPS NQ rev (3m)-112.77%
EPS NY rev (1m)-209.11%
EPS NY rev (3m)3.49%
Revenue NQ rev (1m)-5.4%
Revenue NQ rev (3m)-5.78%
Revenue NY rev (1m)-1.25%
Revenue NY rev (3m)-2.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 25.54 | ||
| P/S | 1.14 | ||
| P/FCF | N/A | ||
| P/OCF | 14.26 | ||
| P/B | 0.81 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 6.82 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.18
Fwd EY3.92%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY7.01%
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 | 1.75 |
F-Score5
WACC7.28%
ROIC/WACC0.31
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-179.92%
EPS Next 2Y22.96%
EPS Next 3Y42.92%
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-8.51%
Revenue Next 2Y-2.48%
Revenue Next 3Y0.27%
Revenue Next 5YN/A
EBIT growth 1Y55.61%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year154.93%
EBIT Next 3Y52.93%
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 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.