HYDROGENPRO ASA (HYPRO.OL) Fundamental Analysis & Valuation

OSL:HYPRO • NO0010892359

1.524 NOK
-0.08 (-4.75%)
Last: Mar 5, 2026, 12:54 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This HYPRO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Taking everything into account, HYPRO scores 2 out of 10 in our fundamental rating. HYPRO was compared to 107 industry peers in the Machinery industry. The financial health of HYPRO is average, but there are quite some concerns on its profitability. HYPRO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. HYPRO.OL Profitability Analysis

1.1 Basic Checks

  • HYPRO had negative earnings in the past year.
  • HYPRO had a negative operating cash flow in the past year.
  • HYPRO had negative earnings in each of the past 5 years.
  • 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

  • HYPRO has a Return On Assets of -47.26%. This is amonst the worse of the industry: HYPRO underperforms 94.39% of its industry peers.
  • Looking at the Return On Equity, with a value of -78.29%, HYPRO is doing worse than 88.78% of the companies in the same industry.
Industry RankSector Rank
ROA -47.26%
ROE -78.29%
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 has a Gross Margin of 41.07%. This is comparable to the rest of the industry: HYPRO outperforms 52.34% 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 41.07%
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

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4

2. HYPRO.OL Health Analysis

2.1 Basic Checks

  • HYPRO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for HYPRO has been increased compared to 1 year ago.
  • 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 0.03 indicates that HYPRO is not too dependend on debt financing.
  • The Debt to Equity ratio of HYPRO (0.03) is better than 89.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.15%
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

  • A Current Ratio of 1.70 indicates that HYPRO should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.70, HYPRO is doing good in the industry, outperforming 60.75% of the companies in the same industry.
  • A Quick Ratio of 1.57 indicates that HYPRO should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.57, HYPRO belongs to the top of the industry, outperforming 84.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.57
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

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

3

3. HYPRO.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.96% over the past year.
  • Looking at the last year, HYPRO shows a very negative growth in Revenue. The Revenue has decreased by -44.96% in the last year.
  • Measured over the past years, HYPRO shows a very strong growth in Revenue. The Revenue has been growing by 50.72% on average per year.
EPS 1Y (TTM)8.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1.94%
Revenue 1Y (TTM)-44.96%
Revenue growth 3Y113.76%
Revenue growth 5Y50.72%
Sales Q2Q%-51.98%

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.
  • The Revenue is expected to decrease by -5.77% on average over the next years.
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

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

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0

4. HYPRO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • HYPRO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • 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 3

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%

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

0

5. HYPRO.OL Dividend Analysis

5.1 Amount

  • No dividends for HYPRO!.
Industry RankSector Rank
Dividend Yield 0%

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HYPRO.OL Fundamentals: All Metrics, Ratios and Statistics

HYDROGENPRO ASA

OSL:HYPRO (3/5/2026, 12:54:29 PM)

1.524

-0.08 (-4.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-27
Earnings (Next)05-13
Inst Owners5.51%
Inst Owner ChangeN/A
Ins Owners14.92%
Ins Owner ChangeN/A
Market Cap145.57M
Revenue(TTM)139.23M
Net Income(TTM)-228.98M
Analysts40
Price TargetN/A
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 1.05
P/FCF N/A
P/OCF N/A
P/B 0.5
P/tB 0.6
EV/EBITDA N/A
EPS(TTM)-2.89
EYN/A
EPS(NY)-1.78
Fwd EYN/A
FCF(TTM)-2.14
FCFYN/A
OCF(TTM)-1.73
OCFYN/A
SpS1.46
BVpS3.06
TBVpS2.55
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -47.26%
ROE -78.29%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.07%
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 Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 173.41%
Cap/Sales 27.98%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.7
Quick Ratio 1.57
Altman-Z N/A
F-Score3
WACC8.15%
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)8.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1.94%
EPS Next Y7.69%
EPS Next 2Y17.62%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-44.96%
Revenue growth 3Y113.76%
Revenue growth 5Y50.72%
Sales Q2Q%-51.98%
Revenue Next Year-81.22%
Revenue Next 2Y-34.28%
Revenue Next 3Y-5.77%
Revenue Next 5YN/A
EBIT growth 1Y-25.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year199.59%
EBIT Next 3Y35.52%
EBIT Next 5Y62.84%
FCF growth 1Y34.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y44.43%
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 4 / 10.