ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

OSL:ELMRA • NO0010815673

31.7 NOK
+0.55 (+1.77%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall ELMRA gets a fundamental rating of 5 out of 10. We evaluated ELMRA against 28 industry peers in the Electric Utilities industry. ELMRA has an average financial health and profitability rating. ELMRA has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally ELMRA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ELMRA had positive earnings in the past year.
  • In the past year ELMRA had a positive cash flow from operations.
  • ELMRA had positive earnings in 4 of the past 5 years.
  • In multiple years ELMRA reported negative operating cash flow during the last 5 years.
ELMRA.OL Yearly Net Income VS EBIT VS OCF VS FCFELMRA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.00%, ELMRA belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • With an excellent Return On Equity value of 23.90%, ELMRA belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.76%, ELMRA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • ELMRA had an Average Return On Invested Capital over the past 3 years of 7.64%. This is in line with the industry average of 6.29%.
  • The 3 year average ROIC (7.64%) for ELMRA is below the current ROIC(8.76%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6%
ROE 23.9%
ROIC 8.76%
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
ELMRA.OL Yearly ROA, ROE, ROICELMRA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • ELMRA's Profit Margin of 2.61% is on the low side compared to the rest of the industry. ELMRA is outperformed by 82.14% of its industry peers.
  • ELMRA's Profit Margin has declined in the last couple of years.
  • ELMRA has a worse Operating Margin (3.24%) than 89.29% of its industry peers.
  • In the last couple of years the Operating Margin of ELMRA has declined.
  • ELMRA's Gross Margin of 14.95% is on the low side compared to the rest of the industry. ELMRA is outperformed by 92.86% of its industry peers.
  • ELMRA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.24%
PM (TTM) 2.61%
GM 14.95%
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
ELMRA.OL Yearly Profit, Operating, Gross MarginsELMRA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELMRA is destroying value.
  • There is no outstanding debt for ELMRA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ELMRA.OL Yearly Shares OutstandingELMRA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
ELMRA.OL Yearly Total Debt VS Total AssetsELMRA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • ELMRA has an Altman-Z score of 3.21. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
  • ELMRA has a better Altman-Z score (3.21) than 92.86% of its industry peers.
  • ELMRA has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
  • ELMRA has a Debt to Equity ratio of 1.17. This is in the better half of the industry: ELMRA outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.21
ROIC/WACC0.89
WACC9.86%
ELMRA.OL Yearly LT Debt VS Equity VS FCFELMRA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • ELMRA has a Current Ratio of 1.05. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
  • ELMRA has a Current ratio of 1.05. This is in the better half of the industry: ELMRA outperforms 75.00% of its industry peers.
  • ELMRA has a Quick Ratio of 1.04. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
  • ELMRA has a Quick ratio of 1.04. This is amongst the best in the industry. ELMRA outperforms 82.14% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.04
ELMRA.OL Yearly Current Assets VS Current LiabilitesELMRA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for ELMRA have decreased strongly by -38.95% in the last year.
  • The Earnings Per Share has been decreasing by -8.52% on average over the past years.
EPS 1Y (TTM)-38.95%
EPS 3Y2.64%
EPS 5Y-8.52%
EPS Q2Q%-60.34%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.31%

3.2 Future

  • ELMRA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.48% yearly.
  • ELMRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.52% yearly.
EPS Next Y40.92%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
EPS Next 5YN/A
Revenue Next Year16.75%
Revenue Next 2Y6.07%
Revenue Next 3Y2.52%
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.
ELMRA.OL Yearly Revenue VS EstimatesELMRA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B 25B
ELMRA.OL Yearly EPS VS EstimatesELMRA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.26, the valuation of ELMRA can be described as correct.
  • Based on the Price/Earnings ratio, ELMRA is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.05. ELMRA is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 9.41, the valuation of ELMRA can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, ELMRA is valued cheaper than 96.43% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. ELMRA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.26
Fwd PE 9.41
ELMRA.OL Price Earnings VS Forward Price EarningsELMRA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELMRA is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.15
ELMRA.OL Per share dataELMRA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • ELMRA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ELMRA's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y22.73%
EPS Next 3Y20.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • ELMRA has a Yearly Dividend Yield of 6.24%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.08, ELMRA pays a better dividend. On top of this ELMRA pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, ELMRA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.24%

5.2 History

  • The dividend of ELMRA has a limited annual growth rate of 0.91%.
Dividend Growth(5Y)0.91%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 109.37% of the earnings are spent on dividend by ELMRA. This is not a sustainable payout ratio.
  • The dividend of ELMRA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP109.37%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
ELMRA.OL Yearly Income VS Free CF VS DividendELMRA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M
ELMRA.OL Dividend Payout.ELMRA.OL Dividend Payout, showing the Payout Ratio.ELMRA.OL Dividend Payout.PayoutRetained Earnings

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ELMERA GROUP ASA

OSL:ELMRA (2/25/2026, 7:00:00 PM)

31.7

+0.55 (+1.77%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-13
Inst Owners54.09%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap3.62B
Revenue(TTM)N/A
Net Income(TTM)299.44M
Analysts42
Price Target36.04 (13.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.24%
Yearly Dividend2.3
Dividend Growth(5Y)0.91%
DP109.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.59%
Min EPS beat(2)-24.18%
Max EPS beat(2)-23%
EPS beat(4)1
Avg EPS beat(4)6.81%
Min EPS beat(4)-24.18%
Max EPS beat(4)91.7%
EPS beat(8)3
Avg EPS beat(8)216.44%
EPS beat(12)7
Avg EPS beat(12)161.43%
EPS beat(16)9
Avg EPS beat(16)124.71%
Revenue beat(2)1
Avg Revenue beat(2)9.31%
Min Revenue beat(2)-12%
Max Revenue beat(2)30.62%
Revenue beat(4)3
Avg Revenue beat(4)10.2%
Min Revenue beat(4)-12%
Max Revenue beat(4)30.62%
Revenue beat(8)4
Avg Revenue beat(8)-1.23%
Revenue beat(12)6
Avg Revenue beat(12)1.42%
Revenue beat(16)9
Avg Revenue beat(16)14.7%
PT rev (1m)0.95%
PT rev (3m)0.95%
EPS NQ rev (1m)-2%
EPS NQ rev (3m)-6.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.06%
Revenue NQ rev (1m)18.16%
Revenue NQ rev (3m)16.05%
Revenue NY rev (1m)1.71%
Revenue NY rev (3m)-5.56%
Valuation
Industry RankSector Rank
PE 13.26
Fwd PE 9.41
P/S 0.32
P/FCF N/A
P/OCF 432.93
P/B 2.89
P/tB N/A
EV/EBITDA 7.15
EPS(TTM)2.39
EY7.54%
EPS(NY)3.37
Fwd EY10.62%
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.07
OCFY0.23%
SpS100.32
BVpS10.96
TBVpS-4.5
PEG (NY)0.32
PEG (5Y)N/A
Graham Number24.27
Profitability
Industry RankSector Rank
ROA 6%
ROE 23.9%
ROCE 13.42%
ROIC 8.76%
ROICexc 10.15%
ROICexgc 24.46%
OM 3.24%
PM (TTM) 2.61%
GM 14.95%
FCFM N/A
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
ROICexc(3y)8.08%
ROICexc(5y)11.68%
ROICexgc(3y)17.27%
ROICexgc(5y)58.43%
ROCE(3y)10.24%
ROCE(5y)13.19%
ROICexgc growth 3Y-13.73%
ROICexgc growth 5Y-36.81%
ROICexc growth 3Y-1.95%
ROICexc growth 5Y-32.74%
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
F-Score6
Asset Turnover2.3
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Debt/EBITDA 2.73
Cap/Depr 46.47%
Cap/Sales 0.67%
Interest Coverage 2.18
Cash Conversion 1.56%
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 1.04
Altman-Z 3.21
F-Score6
WACC9.86%
ROIC/WACC0.89
Cap/Depr(3y)29.02%
Cap/Depr(5y)31.32%
Cap/Sales(3y)0.34%
Cap/Sales(5y)0.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.95%
EPS 3Y2.64%
EPS 5Y-8.52%
EPS Q2Q%-60.34%
EPS Next Y40.92%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.31%
Revenue Next Year16.75%
Revenue Next 2Y6.07%
Revenue Next 3Y2.52%
Revenue Next 5YN/A
EBIT growth 1Y-18.42%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year42.36%
EBIT Next 3Y17.23%
EBIT Next 5Y17.56%
FCF growth 1Y-111.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-98.67%
OCF growth 3YN/A
OCF growth 5YN/A

ELMERA GROUP ASA / ELMRA.OL FAQ

What is the fundamental rating for ELMRA stock?

ChartMill assigns a fundamental rating of 5 / 10 to ELMRA.OL.


What is the valuation status for ELMRA stock?

ChartMill assigns a valuation rating of 6 / 10 to ELMERA GROUP ASA (ELMRA.OL). This can be considered as Fairly Valued.


What is the profitability of ELMRA stock?

ELMERA GROUP ASA (ELMRA.OL) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for ELMRA stock?

The Price/Earnings (PE) ratio for ELMERA GROUP ASA (ELMRA.OL) is 13.26 and the Price/Book (PB) ratio is 2.89.


What is the expected EPS growth for ELMERA GROUP ASA (ELMRA.OL) stock?

The Earnings per Share (EPS) of ELMERA GROUP ASA (ELMRA.OL) is expected to grow by 40.92% in the next year.