ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:ELK • NO0010816093
28.64 NOK
+0.18 (+0.63%)
Last: Jan 30, 2026, 07:00 PM
Overall ELK gets a fundamental rating of 4 out of 10. We evaluated ELK against 71 industry peers in the Chemicals industry. ELK has an average financial health and profitability rating. ELK is valued expensive and it does not seem to be growing.
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.
- Each year in the past 5 years ELK had a positive operating cash flow.
1.2 Ratios
- ELK has a worse Return On Assets (-1.07%) than 70.42% of its industry peers.
- The Return On Equity of ELK (-2.13%) is worse than 71.83% of its industry peers.
- The Return On Invested Capital of ELK (2.29%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for ELK is in line with the industry average of 7.19%.
- 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.
- ELK has a Operating Margin (8.13%) which is in line with its industry peers.
- ELK's Operating Margin has improved in the last couple of years.
- The Gross Margin of ELK (53.81%) is better than 80.28% 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ELK is 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
- 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 Altman-Z score of 1.72. This is in the lower half of the industry: ELK underperforms 73.24% of its industry peers.
- A Debt/Equity ratio of 0.47 indicates that ELK is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.47, ELK is in line with its industry, outperforming 47.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC0.3
WACC7.51%
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's Current ratio of 3.27 is amongst the best of the industry. ELK outperforms 88.73% of its industry peers.
- 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.
- With a decent Quick ratio value of 1.67, ELK is doing good in the industry, outperforming 77.46% of the companies in the same industry.
| 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.
- 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.
- Looking at the last year, ELK shows a very negative growth in Revenue. The Revenue has decreased by -46.80% in the last year.
- 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 49.55% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 0.27% on average over the next years.
EPS Next Y-185.57%
EPS Next 2Y32.5%
EPS Next 3Y49.55%
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.
- 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
- The Price/Earnings Ratio is negative for ELK. In the last year negative earnings were reported.
- With a Price/Forward Earnings ratio of 20.92, ELK is valued on the expensive side.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ELK is on the same level as its industry peers.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, ELK is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.92 |
4.2 Price Multiples
- ELK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ELK is cheaper than 81.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.57 |
4.3 Compensation for Growth
- ELK's earnings are expected to grow with 49.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.5%
EPS Next 3Y49.55%
5. Dividend
5.1 Amount
- ELK has a Yearly Dividend Yield of 1.02%. Purely for dividend investing, there may be better candidates out there.
- ELK's Dividend Yield is slightly below the industry average, which is at 2.45.
- With a Dividend Yield of 1.02, ELK pays less dividend than the S&P500 average, which is at 1.82.
| 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 2Y32.5%
EPS Next 3Y49.55%
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 for ELK 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.
How financially healthy is ELKEM ASA?
The financial health rating of ELKEM ASA (ELK.OL) is 4 / 10.
Can you provide the expected EPS growth for ELK stock?
The Earnings per Share (EPS) of ELKEM ASA (ELK.OL) is expected to decline by -185.57% in the next year.