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HYDROGENPRO ASA (HYPRO.OL) Stock Fundamental Analysis

Europe - Euronext Oslo - OSL:HYPRO - NO0010892359 - Common Stock

2.395 NOK
+0.25 (+11.4%)
Last: 1/6/2026, 11:12:08 AM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to HYPRO. HYPRO was compared to 109 industry peers in the Machinery industry. HYPRO may be in some trouble as it scores bad on both profitability and health. HYPRO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

In the past year HYPRO has reported negative net income.
In the past year HYPRO has reported a negative cash flow from operations.
In the past 5 years HYPRO always reported negative net income.
In the past 5 years HYPRO always reported negative operating cash flow.
HYPRO.OL Yearly Net Income VS EBIT VS OCF VS FCFHYPRO.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 -50M -100M -150M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -44.70%, HYPRO is doing worse than 94.50% of the companies in the same industry.
HYPRO has a worse Return On Equity (-77.95%) than 88.99% of its industry peers.
Industry RankSector Rank
ROA -44.7%
ROE -77.95%
ROIC N/A
ROA(3y)-21.12%
ROA(5y)-15.37%
ROE(3y)-32.92%
ROE(5y)-22.58%
ROIC(3y)N/A
ROIC(5y)N/A
HYPRO.OL Yearly ROA, ROE, ROICHYPRO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

1.3 Margins

HYPRO's Gross Margin of 45.93% is in line compared to the rest of the industry. HYPRO outperforms 59.63% of its industry peers.
HYPRO's Gross Margin has declined in the last couple of years.
HYPRO does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 45.93%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.96%
GM growth 5Y-8.39%
HYPRO.OL Yearly Profit, Operating, Gross MarginsHYPRO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

3

2. Health

2.1 Basic Checks

HYPRO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HYPRO has more shares outstanding
Compared to 5 years ago, HYPRO has more shares outstanding
Compared to 1 year ago, HYPRO has an improved debt to assets ratio.
HYPRO.OL Yearly Shares OutstandingHYPRO.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
HYPRO.OL Yearly Total Debt VS Total AssetsHYPRO.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

A Debt/Equity ratio of 0.04 indicates that HYPRO is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.04, HYPRO belongs to the best of the industry, outperforming 88.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.19%
HYPRO.OL Yearly LT Debt VS Equity VS FCFHYPRO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

HYPRO has a Current Ratio of 1.57. This is a normal value and indicates that HYPRO is financially healthy and should not expect problems in meeting its short term obligations.
HYPRO's Current ratio of 1.57 is in line compared to the rest of the industry. HYPRO outperforms 54.13% of its industry peers.
HYPRO has a Quick Ratio of 1.38. This is a normal value and indicates that HYPRO is financially healthy and should not expect problems in meeting its short term obligations.
HYPRO's Quick ratio of 1.38 is fine compared to the rest of the industry. HYPRO outperforms 77.98% of its industry peers.
Industry RankSector Rank
Current Ratio 1.57
Quick Ratio 1.38
HYPRO.OL Yearly Current Assets VS Current LiabilitesHYPRO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

3

3. Growth

3.1 Past

HYPRO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.78%.
The Revenue for HYPRO has decreased by -56.08% in the past year. This is quite bad
HYPRO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 50.72% yearly.
EPS 1Y (TTM)6.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.34%
Revenue 1Y (TTM)-56.08%
Revenue growth 3Y113.76%
Revenue growth 5Y50.72%
Sales Q2Q%-75.19%

3.2 Future

Based on estimates for the next years, HYPRO will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.19% on average per year.
Based on estimates for the next years, HYPRO will show a decrease in Revenue. The Revenue will decrease by -5.77% on average per year.
EPS Next Y7.69%
EPS Next 2Y17.62%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue Next Year-81.22%
Revenue Next 2Y-34.28%
Revenue Next 3Y-5.77%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HYPRO.OL Yearly Revenue VS EstimatesHYPRO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
HYPRO.OL Yearly EPS VS EstimatesHYPRO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 -0.5 -1 -1.5 -2 -2.5

0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HYPRO. In the last year negative earnings were reported.
Also next year HYPRO is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HYPRO.OL Price Earnings VS Forward Price EarningsHYPRO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
HYPRO.OL Per share dataHYPRO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2

4.3 Compensation for Growth

A more expensive valuation may be justified as HYPRO's earnings are expected to grow with 16.19% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.62%
EPS Next 3Y16.19%

0

5. Dividend

5.1 Amount

HYPRO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

HYDROGENPRO ASA

OSL:HYPRO (1/6/2026, 11:12:08 AM)

2.395

+0.25 (+11.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)11-14 2025-11-14
Earnings (Next)02-26 2026-02-26
Inst Owners5.51%
Inst Owner ChangeN/A
Ins Owners14.92%
Ins Owner ChangeN/A
Market Cap228.77M
Revenue(TTM)176.47M
Net Income(TTM)-213.32M
Analysts40
Price Target51 (2029.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)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)0%
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)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.3
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB 1.03
EV/EBITDA N/A
EPS(TTM)-2.89
EYN/A
EPS(NY)-1.78
Fwd EYN/A
FCF(TTM)-2.18
FCFYN/A
OCF(TTM)-1.67
OCFYN/A
SpS1.85
BVpS2.86
TBVpS2.33
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -44.7%
ROE -77.95%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 45.93%
FCFM N/A
ROA(3y)-21.12%
ROA(5y)-15.37%
ROE(3y)-32.92%
ROE(5y)-22.58%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.96%
GM growth 5Y-8.39%
F-Score3
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 220.31%
Cap/Sales 27.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.57
Quick Ratio 1.38
Altman-Z N/A
F-Score3
WACC8.19%
ROIC/WACCN/A
Cap/Depr(3y)100.78%
Cap/Depr(5y)485.48%
Cap/Sales(3y)14.13%
Cap/Sales(5y)41.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.34%
EPS Next Y7.69%
EPS Next 2Y17.62%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-56.08%
Revenue growth 3Y113.76%
Revenue growth 5Y50.72%
Sales Q2Q%-75.19%
Revenue Next Year-81.22%
Revenue Next 2Y-34.28%
Revenue Next 3Y-5.77%
Revenue Next 5YN/A
EBIT growth 1Y-27.25%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year199.59%
EBIT Next 3Y35.52%
EBIT Next 5Y62.84%
FCF growth 1Y39.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y50.36%
OCF growth 3YN/A
OCF growth 5YN/A

HYDROGENPRO ASA / HYPRO.OL FAQ

What is the fundamental rating for HYPRO stock?

ChartMill assigns a fundamental rating of 2 / 10 to HYPRO.OL.


What is the valuation status for HYPRO stock?

ChartMill assigns a valuation rating of 0 / 10 to HYDROGENPRO ASA (HYPRO.OL). This can be considered as Overvalued.


How profitable is HYDROGENPRO ASA (HYPRO.OL) stock?

HYDROGENPRO ASA (HYPRO.OL) has a profitability rating of 0 / 10.


What is the financial health of HYDROGENPRO ASA (HYPRO.OL) stock?

The financial health rating of HYDROGENPRO ASA (HYPRO.OL) is 3 / 10.