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GOODTECH ASA (GOD.OL) Stock Fundamental Analysis

OSL:GOD - Euronext Oslo - NO0004913609 - Common Stock - Currency: NOK

9.58  +0.02 (+0.21%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to GOD. GOD was compared to 107 industry peers in the Machinery industry. GOD has a bad profitability rating. Also its financial health evaluation is rather negative. GOD does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

GOD had negative earnings in the past year.
In the past year GOD has reported a negative cash flow from operations.
In multiple years GOD reported negative net income over the last 5 years.
GOD had a positive operating cash flow in 4 of the past 5 years.
GOD.OL Yearly Net Income VS EBIT VS OCF VS FCFGOD.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M

1.2 Ratios

GOD has a Return On Assets of -4.79%. This is amonst the worse of the industry: GOD underperforms 80.37% of its industry peers.
Looking at the Return On Equity, with a value of -9.63%, GOD is doing worse than 79.44% of the companies in the same industry.
GOD has a Return On Invested Capital (4.77%) which is comparable to the rest of the industry.
GOD had an Average Return On Invested Capital over the past 3 years of 2.64%. This is significantly below the industry average of 8.95%.
The 3 year average ROIC (2.64%) for GOD is below the current ROIC(4.77%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -4.79%
ROE -9.63%
ROIC 4.77%
ROA(3y)-1.19%
ROA(5y)-1.34%
ROE(3y)-2.38%
ROE(5y)-2.67%
ROIC(3y)2.64%
ROIC(5y)N/A
GOD.OL Yearly ROA, ROE, ROICGOD.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

The Operating Margin of GOD (2.63%) is worse than 73.83% of its industry peers.
GOD's Operating Margin has improved in the last couple of years.
The Profit Margin and Gross Margin are not available for GOD so they could not be analyzed.
Industry RankSector Rank
OM 2.63%
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5Y45.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
GOD.OL Yearly Profit, Operating, Gross MarginsGOD.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GOD is destroying value.
GOD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, GOD has more shares outstanding
Compared to 1 year ago, GOD has a worse debt to assets ratio.
GOD.OL Yearly Shares OutstandingGOD.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
GOD.OL Yearly Total Debt VS Total AssetsGOD.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

GOD has an Altman-Z score of 1.55. This is a bad value and indicates that GOD is not financially healthy and even has some risk of bankruptcy.
GOD has a Altman-Z score of 1.55. This is in the lower half of the industry: GOD underperforms 63.55% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that GOD is not too dependend on debt financing.
GOD's Debt to Equity ratio of 0.11 is amongst the best of the industry. GOD outperforms 81.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 1.55
ROIC/WACC0.49
WACC9.82%
GOD.OL Yearly LT Debt VS Equity VS FCFGOD.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

GOD has a Current Ratio of 1.14. This is a normal value and indicates that GOD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.14, GOD is doing worse than 78.50% of the companies in the same industry.
GOD has a Quick Ratio of 1.12. This is a normal value and indicates that GOD is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GOD (1.12) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 1.12
GOD.OL Yearly Current Assets VS Current LiabilitesGOD.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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3

3. Growth

3.1 Past

GOD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -405.90%.
GOD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.99%.
GOD shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.31% yearly.
EPS 1Y (TTM)-405.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-575%
Revenue 1Y (TTM)-13.99%
Revenue growth 3Y6.52%
Revenue growth 5Y-5.31%
Sales Q2Q%-22.12%

3.2 Future

Based on estimates for the next years, GOD will show a very strong growth in Earnings Per Share. The EPS will grow by 20.51% on average per year.
GOD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.43% yearly.
EPS Next Y92.68%
EPS Next 2Y65.73%
EPS Next 3Y23.48%
EPS Next 5Y20.51%
Revenue Next Year-6.36%
Revenue Next 2Y23.07%
Revenue Next 3Y11.92%
Revenue Next 5Y6.43%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GOD.OL Yearly Revenue VS EstimatesGOD.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M 800M
GOD.OL Yearly EPS VS EstimatesGOD.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4 -0.4 0.6 -0.6

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for GOD. In the last year negative earnings were reported.
GOD is valuated rather expensively with a Price/Forward Earnings ratio of 18.60.
GOD's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.34, GOD is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 18.6
GOD.OL Price Earnings VS Forward Price EarningsGOD.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GOD is valued cheaply inside the industry as 85.05% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.22
GOD.OL Per share dataGOD.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GOD's earnings are expected to grow with 23.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y65.73%
EPS Next 3Y23.48%

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0

5. Dividend

5.1 Amount

No dividends for GOD!.
Industry RankSector Rank
Dividend Yield N/A

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GOODTECH ASA

OSL:GOD (7/16/2025, 10:29:17 AM)

9.58

+0.02 (+0.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)05-09 2025-05-09
Earnings (Next)07-18 2025-07-18
Inst Owners2.53%
Inst Owner ChangeN/A
Ins Owners13.35%
Ins Owner ChangeN/A
Market Cap283.86M
Analysts80
Price Target11.22 (17.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-8.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.6
P/S 0.4
P/FCF N/A
P/OCF N/A
P/B 1.08
P/tB 3.1
EV/EBITDA 4.22
EPS(TTM)-0.69
EYN/A
EPS(NY)0.52
Fwd EY5.38%
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)-0.37
OCFYN/A
SpS24.12
BVpS8.87
TBVpS3.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.79%
ROE -9.63%
ROCE 6.43%
ROIC 4.77%
ROICexc 7.68%
ROICexgc 135.45%
OM 2.63%
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-1.19%
ROA(5y)-1.34%
ROE(3y)-2.38%
ROE(5y)-2.67%
ROIC(3y)2.64%
ROIC(5y)N/A
ROICexc(3y)4.06%
ROICexc(5y)N/A
ROICexgc(3y)51.09%
ROICexgc(5y)N/A
ROCE(3y)3.56%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y110.75%
ROICexc growth 3YN/A
ROICexc growth 5Y61.16%
OM growth 3YN/A
OM growth 5Y45.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover1.35
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 0.53
Cap/Depr 16.71%
Cap/Sales 0.85%
Interest Coverage 1.54
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.14
Quick Ratio 1.12
Altman-Z 1.55
F-Score3
WACC9.82%
ROIC/WACC0.49
Cap/Depr(3y)45.15%
Cap/Depr(5y)37.45%
Cap/Sales(3y)2.04%
Cap/Sales(5y)1.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-405.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-575%
EPS Next Y92.68%
EPS Next 2Y65.73%
EPS Next 3Y23.48%
EPS Next 5Y20.51%
Revenue 1Y (TTM)-13.99%
Revenue growth 3Y6.52%
Revenue growth 5Y-5.31%
Sales Q2Q%-22.12%
Revenue Next Year-6.36%
Revenue Next 2Y23.07%
Revenue Next 3Y11.92%
Revenue Next 5Y6.43%
EBIT growth 1Y-28.58%
EBIT growth 3YN/A
EBIT growth 5Y59.5%
EBIT Next Year366.67%
EBIT Next 3Y72.26%
EBIT Next 5Y53.03%
FCF growth 1Y-125.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-113.6%
OCF growth 3YN/A
OCF growth 5YN/A