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EDDA WIND ASA (EWIND.OL) Stock Fundamental Analysis

OSL:EWIND - Euronext Oslo - NO0010998529 - Common Stock - Currency: NOK

22.7  -0.3 (-1.3%)

Fundamental Rating

3

Overall EWIND gets a fundamental rating of 3 out of 10. We evaluated EWIND against 19 industry peers in the Marine Transportation industry. EWIND has a bad profitability rating. Also its financial health evaluation is rather negative. EWIND is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

EWIND had negative earnings in the past year.
In the past year EWIND had a positive cash flow from operations.
EWIND had positive earnings in each of the past 5 years.
Of the past 5 years EWIND 4 years had a positive operating cash flow.
EWIND.OL Yearly Net Income VS EBIT VS OCF VS FCFEWIND.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M

1.2 Ratios

With a Return On Assets value of 0.54%, EWIND is not doing good in the industry: 89.47% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 1.14%, EWIND is doing worse than 89.47% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 0.04%, EWIND is doing worse than 84.21% of the companies in the same industry.
Industry RankSector Rank
ROA 0.54%
ROE 1.14%
ROIC 0.04%
ROA(3y)0.42%
ROA(5y)0.8%
ROE(3y)0.85%
ROE(5y)1.7%
ROIC(3y)N/A
ROIC(5y)N/A
EWIND.OL Yearly ROA, ROE, ROICEWIND.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 5 -5

1.3 Margins

EWIND's Profit Margin of 6.03% is on the low side compared to the rest of the industry. EWIND is outperformed by 78.95% of its industry peers.
In the last couple of years the Profit Margin of EWIND has declined.
EWIND has a worse Operating Margin (0.54%) than 84.21% of its industry peers.
EWIND's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.54%
PM (TTM) 6.03%
GM N/A
OM growth 3Y-65.07%
OM growth 5Y-56.7%
PM growth 3Y-13.65%
PM growth 5Y-19.5%
GM growth 3YN/A
GM growth 5YN/A
EWIND.OL Yearly Profit, Operating, Gross MarginsEWIND.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 30

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0

2. Health

2.1 Basic Checks

EWIND has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for EWIND has been increased compared to 1 year ago.
Compared to 5 years ago, EWIND has more shares outstanding
EWIND has a worse debt/assets ratio than last year.
EWIND.OL Yearly Shares OutstandingEWIND.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
EWIND.OL Yearly Total Debt VS Total AssetsEWIND.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 0.57, we must say that EWIND is in the distress zone and has some risk of bankruptcy.
EWIND's Altman-Z score of 0.57 is on the low side compared to the rest of the industry. EWIND is outperformed by 84.21% of its industry peers.
A Debt/Equity ratio of 0.94 indicates that EWIND is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.94, EWIND is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF N/A
Altman-Z 0.57
ROIC/WACC0.01
WACC6.18%
EWIND.OL Yearly LT Debt VS Equity VS FCFEWIND.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M 300M

2.3 Liquidity

EWIND has a Current Ratio of 0.87. This is a bad value and indicates that EWIND is not financially healthy enough and could expect problems in meeting its short term obligations.
EWIND has a Current ratio of 0.87. This is in the lower half of the industry: EWIND underperforms 78.95% of its industry peers.
EWIND has a Quick Ratio of 0.87. This is a bad value and indicates that EWIND is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of EWIND (0.87) is worse than 68.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.87
EWIND.OL Yearly Current Assets VS Current LiabilitesEWIND.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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8

3. Growth

3.1 Past

The earnings per share for EWIND have decreased strongly by -80.00% in the last year.
EWIND shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.89% yearly.
EWIND shows a strong growth in Revenue. In the last year, the Revenue has grown by 69.43%.
The Revenue has been growing by 28.41% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-80%
EPS 3Y-3.67%
EPS 5Y-8.89%
EPS Q2Q%100%
Revenue 1Y (TTM)69.43%
Revenue growth 3Y37.79%
Revenue growth 5Y28.41%
Sales Q2Q%84.45%

3.2 Future

Based on estimates for the next years, EWIND will show a very strong growth in Earnings Per Share. The EPS will grow by 89.38% on average per year.
Based on estimates for the next years, EWIND will show a very strong growth in Revenue. The Revenue will grow by 34.66% on average per year.
EPS Next Y336.04%
EPS Next 2Y149.4%
EPS Next 3Y89.38%
EPS Next 5YN/A
Revenue Next Year79.15%
Revenue Next 2Y53.21%
Revenue Next 3Y34.66%
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.
EWIND.OL Yearly Revenue VS EstimatesEWIND.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
EWIND.OL Yearly EPS VS EstimatesEWIND.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0 0.1 0.2 0.3

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3

4. Valuation

4.1 Price/Earnings Ratio

EWIND reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 11.62, the valuation of EWIND can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as EWIND.
When comparing the Price/Forward Earnings ratio of EWIND to the average of the S&P500 Index (22.13), we can say EWIND is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 11.62
EWIND.OL Price Earnings VS Forward Price EarningsEWIND.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

EWIND's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. EWIND is more expensive than 78.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 45.9
EWIND.OL Per share dataEWIND.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

EWIND's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
EWIND's earnings are expected to grow with 89.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y149.4%
EPS Next 3Y89.38%

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0

5. Dividend

5.1 Amount

EWIND does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EDDA WIND ASA

OSL:EWIND (5/27/2025, 7:00:00 PM)

22.7

-0.3 (-1.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)05-21 2025-05-21
Earnings (Next)N/A N/A
Inst Owners4.25%
Inst Owner ChangeN/A
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap2.94B
Analysts82.86
Price Target29.17 (28.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-4.15%
Min Revenue beat(2)-4.49%
Max Revenue beat(2)-3.82%
Revenue beat(4)0
Avg Revenue beat(4)-6.94%
Min Revenue beat(4)-12.34%
Max Revenue beat(4)-3.82%
Revenue beat(8)0
Avg Revenue beat(8)-11.47%
Revenue beat(12)0
Avg Revenue beat(12)-10.38%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-21.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.55%
Revenue NY rev (1m)4.18%
Revenue NY rev (3m)-2.17%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 11.62
P/S 4.08
P/FCF N/A
P/OCF 13.59
P/B 0.77
P/tB 0.77
EV/EBITDA 45.9
EPS(TTM)-0.83
EYN/A
EPS(NY)1.95
Fwd EY8.61%
FCF(TTM)-12.75
FCFYN/A
OCF(TTM)1.67
OCFY7.36%
SpS5.57
BVpS29.36
TBVpS29.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.54%
ROE 1.14%
ROCE 0.05%
ROIC 0.04%
ROICexc 0.04%
ROICexgc 0.04%
OM 0.54%
PM (TTM) 6.03%
GM N/A
FCFM N/A
ROA(3y)0.42%
ROA(5y)0.8%
ROE(3y)0.85%
ROE(5y)1.7%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-66.45%
ROICexcg growth 5Y-63.32%
ROICexc growth 3Y-66.45%
ROICexc growth 5Y-63.32%
OM growth 3Y-65.07%
OM growth 5Y-56.7%
PM growth 3Y-13.65%
PM growth 5Y-19.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF N/A
Debt/EBITDA 24.48
Cap/Depr 1318.42%
Cap/Sales 259.02%
Interest Coverage 1.71
Cash Conversion 148.74%
Profit Quality N/A
Current Ratio 0.87
Quick Ratio 0.87
Altman-Z 0.57
F-Score6
WACC6.18%
ROIC/WACC0.01
Cap/Depr(3y)2489.6%
Cap/Depr(5y)2139.46%
Cap/Sales(3y)412.93%
Cap/Sales(5y)335.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80%
EPS 3Y-3.67%
EPS 5Y-8.89%
EPS Q2Q%100%
EPS Next Y336.04%
EPS Next 2Y149.4%
EPS Next 3Y89.38%
EPS Next 5YN/A
Revenue 1Y (TTM)69.43%
Revenue growth 3Y37.79%
Revenue growth 5Y28.41%
Sales Q2Q%84.45%
Revenue Next Year79.15%
Revenue Next 2Y53.21%
Revenue Next 3Y34.66%
Revenue Next 5YN/A
EBIT growth 1Y276.84%
EBIT growth 3Y-51.87%
EBIT growth 5Y-44.4%
EBIT Next Year691.52%
EBIT Next 3Y122.69%
EBIT Next 5YN/A
FCF growth 1Y42.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y243.48%
OCF growth 3Y40.58%
OCF growth 5Y16.17%