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INTEGRATED WIND SOLUTIONS AS (IWS.OL) Stock Fundamental Analysis

OSL:IWS - Euronext Oslo - NO0013461350 - Common Stock - Currency: NOK

42.515  -0.48 (-1.1%)

Fundamental Rating

4

Overall IWS gets a fundamental rating of 4 out of 10. We evaluated IWS against 41 industry peers in the Construction & Engineering industry. While IWS seems to be doing ok healthwise, there are quite some concerns on its profitability. IWS has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

IWS had positive earnings in the past year.
IWS had a positive operating cash flow in the past year.
In the past 5 years IWS reported 4 times negative net income.
In the past 5 years IWS reported 4 times negative operating cash flow.
IWS.OL Yearly Net Income VS EBIT VS OCF VS FCFIWS.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

With a Return On Assets value of 1.32%, IWS is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 2.75%, IWS is doing worse than 78.05% of the companies in the same industry.
IWS has a worse Return On Invested Capital (1.76%) than 80.49% of its industry peers.
Industry RankSector Rank
ROA 1.32%
ROE 2.75%
ROIC 1.76%
ROA(3y)-0.66%
ROA(5y)-3.47%
ROE(3y)-0.35%
ROE(5y)-5.95%
ROIC(3y)N/A
ROIC(5y)N/A
IWS.OL Yearly ROA, ROE, ROICIWS.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -5 -10 -15 -20 -25

1.3 Margins

The Profit Margin of IWS (7.60%) is better than 70.73% of its industry peers.
IWS has a Operating Margin of 10.43%. This is in the better half of the industry: IWS outperforms 75.61% of its industry peers.
IWS has a better Gross Margin (76.97%) than 90.24% of its industry peers.
IWS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.43%
PM (TTM) 7.6%
GM 76.97%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y19.28%
GM growth 5YN/A
IWS.OL Yearly Profit, Operating, Gross MarginsIWS.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 -20 40 60

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IWS is destroying value.
Compared to 1 year ago, IWS has about the same amount of shares outstanding.
Compared to 1 year ago, IWS has a worse debt to assets ratio.
IWS.OL Yearly Shares OutstandingIWS.OL Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M
IWS.OL Yearly Total Debt VS Total AssetsIWS.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 0.95, we must say that IWS is in the distress zone and has some risk of bankruptcy.
IWS's Altman-Z score of 0.95 is on the low side compared to the rest of the industry. IWS is outperformed by 87.80% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that IWS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.64, IWS is in line with its industry, outperforming 51.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF N/A
Altman-Z 0.95
ROIC/WACC0.21
WACC8.48%
IWS.OL Yearly LT Debt VS Equity VS FCFIWS.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

IWS has a Current Ratio of 2.01. This indicates that IWS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.01, IWS belongs to the top of the industry, outperforming 90.24% of the companies in the same industry.
IWS has a Quick Ratio of 2.01. This indicates that IWS is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of IWS (2.01) is better than 95.12% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 2.01
IWS.OL Yearly Current Assets VS Current LiabilitesIWS.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M 400M

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 422.06% over the past year.
IWS shows a strong growth in Revenue. In the last year, the Revenue has grown by 145.46%.
Measured over the past years, IWS shows a small growth in Revenue. The Revenue has been growing by 3.17% on average per year.
EPS 1Y (TTM)422.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%187.69%
Revenue 1Y (TTM)145.46%
Revenue growth 3Y3.17%
Revenue growth 5YN/A
Sales Q2Q%366.58%

3.2 Future

IWS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 53.99% yearly.
Based on estimates for the next years, IWS will show a quite strong growth in Revenue. The Revenue will grow by 15.78% on average per year.
EPS Next Y178.87%
EPS Next 2Y138.53%
EPS Next 3Y53.99%
EPS Next 5YN/A
Revenue Next Year69.81%
Revenue Next 2Y45.37%
Revenue Next 3Y15.78%
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 accelerating.
IWS.OL Yearly Revenue VS EstimatesIWS.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
IWS.OL Yearly EPS VS EstimatesIWS.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0 0.2 -0.2

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 32.70, which means the current valuation is very expensive for IWS.
IWS's Price/Earnings ratio is a bit more expensive when compared to the industry. IWS is more expensive than 73.17% of the companies in the same industry.
IWS is valuated rather expensively when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.19, which indicates a very decent valuation of IWS.
60.98% of the companies in the same industry are more expensive than IWS, based on the Price/Forward Earnings ratio.
IWS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.60.
Industry RankSector Rank
PE 32.7
Fwd PE 11.19
IWS.OL Price Earnings VS Forward Price EarningsIWS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IWS is valued a bit more expensive than the industry average as 78.05% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.67
IWS.OL Per share dataIWS.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

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.
IWS's earnings are expected to grow with 53.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y138.53%
EPS Next 3Y53.99%

0

5. Dividend

5.1 Amount

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

INTEGRATED WIND SOLUTIONS AS

OSL:IWS (6/27/2025, 7:00:00 PM)

42.515

-0.48 (-1.1%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-25 2025-02-25/bmo
Earnings (Next)N/A N/A
Inst Owners16.32%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap1.70B
Analysts80
Price Target63.92 (50.35%)
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)2
Avg Revenue beat(2)17.95%
Min Revenue beat(2)17.1%
Max Revenue beat(2)18.81%
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)-1.05%
PT rev (3m)-1.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.23%
Valuation
Industry RankSector Rank
PE 32.7
Fwd PE 11.19
P/S 2.55
P/FCF N/A
P/OCF 32.48
P/B 0.92
P/tB 0.96
EV/EBITDA 19.67
EPS(TTM)1.3
EY3.06%
EPS(NY)3.8
Fwd EY8.94%
FCF(TTM)-29.73
FCFYN/A
OCF(TTM)1.31
OCFY3.08%
SpS16.7
BVpS46.15
TBVpS44.38
PEG (NY)0.18
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.32%
ROE 2.75%
ROCE 2.02%
ROIC 1.76%
ROICexc 2%
ROICexgc 2.05%
OM 10.43%
PM (TTM) 7.6%
GM 76.97%
FCFM N/A
ROA(3y)-0.66%
ROA(5y)-3.47%
ROE(3y)-0.35%
ROE(5y)-5.95%
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 3YN/A
ROICexcg 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 3Y19.28%
GM growth 5YN/A
F-Score5
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF N/A
Debt/EBITDA 9.01
Cap/Depr 2049.81%
Cap/Sales 185.88%
Interest Coverage 250
Cash Conversion 40.2%
Profit Quality N/A
Current Ratio 2.01
Quick Ratio 2.01
Altman-Z 0.95
F-Score5
WACC8.48%
ROIC/WACC0.21
Cap/Depr(3y)6701.85%
Cap/Depr(5y)N/A
Cap/Sales(3y)217%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)422.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%187.69%
EPS Next Y178.87%
EPS Next 2Y138.53%
EPS Next 3Y53.99%
EPS Next 5YN/A
Revenue 1Y (TTM)145.46%
Revenue growth 3Y3.17%
Revenue growth 5YN/A
Sales Q2Q%366.58%
Revenue Next Year69.81%
Revenue Next 2Y45.37%
Revenue Next 3Y15.78%
Revenue Next 5YN/A
EBIT growth 1Y283.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year944.73%
EBIT Next 3Y161.97%
EBIT Next 5YN/A
FCF growth 1Y73.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y109.05%
OCF growth 3YN/A
OCF growth 5YN/A