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GOODTECH ASA (GOD.OL) Stock Fundamental Analysis

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

9.18  +0.18 (+2%)

Fundamental Rating

3

GOD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 110 industry peers in the Machinery industry. GOD has a bad profitability rating. Also its financial health evaluation is rather negative. GOD is valued expensive and it does not seem to be growing.


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.
Of the past 5 years GOD 4 years had a positive operating cash flow.
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's Return On Assets of -4.79% is on the low side compared to the rest of the industry. GOD is outperformed by 77.27% of its industry peers.
GOD has a Return On Equity of -9.63%. This is in the lower half of the industry: GOD underperforms 74.55% of its industry peers.
The Return On Invested Capital of GOD (4.77%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for GOD is significantly below the industry average of 8.45%.
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

GOD's Operating Margin of 2.63% is on the low side compared to the rest of the industry. GOD is outperformed by 71.82% of its industry peers.
GOD's Operating Margin has improved in the last couple of years.
GOD does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
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.
Compared to 1 year ago, GOD has about the same amount of shares outstanding.
GOD has more shares outstanding than it did 5 years ago.
GOD has a worse debt/assets ratio than last year.
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

Based on the Altman-Z score of 1.51, we must say that GOD is in the distress zone and has some risk of bankruptcy.
GOD's Altman-Z score of 1.51 is in line compared to the rest of the industry. GOD outperforms 40.91% of its industry peers.
GOD has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.11, GOD belongs to the best of the industry, outperforming 84.55% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 1.51
ROIC/WACC0.49
WACC9.77%
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.
GOD's Current ratio of 1.14 is on the low side compared to the rest of the industry. GOD is outperformed by 76.36% of its industry peers.
A Quick Ratio of 1.12 indicates that GOD should not have too much problems paying its short term obligations.
GOD has a Quick ratio of 1.12. This is comparable to the rest of the industry: GOD outperforms 55.45% of its industry peers.
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%.
Looking at the last year, GOD shows a very negative growth in Revenue. The Revenue has decreased by -13.99% in the last year.
The Revenue has been decreasing by -5.31% on average over the past years.
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.
Based on estimates for the next years, GOD will show a small growth in Revenue. The Revenue will grow by 6.43% on average per year.
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.
Based on the Price/Forward Earnings ratio of 17.82, the valuation of GOD can be described as rather expensive.
GOD's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.15. GOD is around the same levels.
Industry RankSector Rank
PE N/A
Fwd PE 17.82
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 87.27% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.94
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.
A more expensive valuation may be justified as GOD's earnings are expected to grow with 23.48% in the coming years.
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 (5/30/2025, 7:00:00 PM)

9.18

+0.18 (+2%)

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 Owners2.64%
Inst Owner ChangeN/A
Ins Owners13.19%
Ins Owner ChangeN/A
Market Cap272.00M
Analysts80
Price Target10.2 (11.11%)
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)-16.67%
PT rev (3m)-16.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-7.88%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 17.82
P/S 0.38
P/FCF N/A
P/OCF N/A
P/B 1.04
P/tB 2.97
EV/EBITDA 3.94
EPS(TTM)-0.69
EYN/A
EPS(NY)0.52
Fwd EY5.61%
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 1.51
F-Score3
WACC9.77%
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 5Y57.45%
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