MULTICONSULT ASA (MULTI.OL) Fundamental Analysis & Valuation

OSL:MULTI • NO0010734338

156.5 NOK
0 (0%)
Last: Mar 11, 2026, 09:28 AM

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

Fundamental Rating

3

Overall MULTI gets a fundamental rating of 3 out of 10. We evaluated MULTI against 48 industry peers in the Construction & Engineering industry. While MULTI is still in line with the averages on profitability rating, there are concerns on its financial health. MULTI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. MULTI.OL Profitability Analysis

1.1 Basic Checks

  • MULTI had positive earnings in the past year.
  • MULTI had a positive operating cash flow in the past year.
  • In the past 5 years MULTI has always been profitable.
  • In the past 5 years MULTI always reported a positive cash flow from operatings.
MULTI.OL Yearly Net Income VS EBIT VS OCF VS FCFMULTI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

1.2 Ratios

  • The Return On Assets of MULTI (5.89%) is better than 72.92% of its industry peers.
  • The Return On Equity of MULTI (21.31%) is better than 60.42% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 11.86%, MULTI is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for MULTI is above the industry average of 12.42%.
Industry RankSector Rank
ROA 5.89%
ROE 21.31%
ROIC 11.86%
ROA(3y)8.38%
ROA(5y)8.59%
ROE(3y)28.58%
ROE(5y)28.77%
ROIC(3y)15.06%
ROIC(5y)15.99%
MULTI.OL Yearly ROA, ROE, ROICMULTI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.47%, MULTI is in line with its industry, outperforming 52.08% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MULTI has declined.
  • MULTI has a Operating Margin (6.89%) which is in line with its industry peers.
  • MULTI's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.89%
PM (TTM) 4.47%
GM N/A
OM growth 3Y-10.52%
OM growth 5Y-8.81%
PM growth 3Y-14.81%
PM growth 5Y-8.06%
GM growth 3YN/A
GM growth 5YN/A
MULTI.OL Yearly Profit, Operating, Gross MarginsMULTI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

2

2. MULTI.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MULTI is creating value.
  • MULTI has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MULTI has been increased compared to 5 years ago.
  • The debt/assets ratio for MULTI is higher compared to a year ago.
MULTI.OL Yearly Shares OutstandingMULTI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
MULTI.OL Yearly Total Debt VS Total AssetsMULTI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • MULTI has a debt to FCF ratio of 8.89. This is a slightly negative value and a sign of low solvency as MULTI would need 8.89 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.89, MULTI is doing worse than 64.58% of the companies in the same industry.
  • A Debt/Equity ratio of 1.06 is on the high side and indicates that MULTI has dependencies on debt financing.
  • MULTI has a Debt to Equity ratio of 1.06. This is in the lower half of the industry: MULTI underperforms 60.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 8.89
Altman-Z N/A
ROIC/WACC1.56
WACC7.61%
MULTI.OL Yearly LT Debt VS Equity VS FCFMULTI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that MULTI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.11, MULTI is in line with its industry, outperforming 43.75% of the companies in the same industry.
  • A Quick Ratio of 0.92 indicates that MULTI may have some problems paying its short term obligations.
  • The Quick ratio of MULTI (0.92) is worse than 64.58% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.92
MULTI.OL Yearly Current Assets VS Current LiabilitesMULTI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

4

3. MULTI.OL Growth Analysis

3.1 Past

  • MULTI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.14%.
  • Measured over the past years, MULTI shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.07% on average per year.
  • The Revenue has been growing slightly by 5.08% in the past year.
  • MULTI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.09% yearly.
EPS 1Y (TTM)-34.14%
EPS 3Y-5.98%
EPS 5Y-0.07%
EPS Q2Q%-54.88%
Revenue 1Y (TTM)5.08%
Revenue growth 3Y10.53%
Revenue growth 5Y9.09%
Sales Q2Q%5.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 20.68% on average over the next years. This is a very strong growth
  • MULTI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.26% yearly.
EPS Next Y36.99%
EPS Next 2Y27.22%
EPS Next 3Y20.68%
EPS Next 5YN/A
Revenue Next Year7.82%
Revenue Next 2Y7.56%
Revenue Next 3Y6.26%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
MULTI.OL Yearly Revenue VS EstimatesMULTI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
MULTI.OL Yearly EPS VS EstimatesMULTI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

4

4. MULTI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.01, MULTI is valued on the expensive side.
  • MULTI's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, MULTI is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 12.42 indicates a correct valuation of MULTI.
  • 68.75% of the companies in the same industry are more expensive than MULTI, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, MULTI is valued a bit cheaper.
Industry RankSector Rank
PE 17.01
Fwd PE 12.42
MULTI.OL Price Earnings VS Forward Price EarningsMULTI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as MULTI.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MULTI indicates a slightly more expensive valuation: MULTI is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25
EV/EBITDA 8.9
MULTI.OL Per share dataMULTI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200

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 MULTI's earnings are expected to grow with 20.68% in the coming years.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y27.22%
EPS Next 3Y20.68%

4

5. MULTI.OL Dividend Analysis

5.1 Amount

  • MULTI has a Yearly Dividend Yield of 3.18%. Purely for dividend investing, there may be better candidates out there.
  • MULTI's Dividend Yield is a higher than the industry average which is at 2.36.
  • MULTI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.18%

5.2 History

  • On average, the dividend of MULTI grows each year by 38.22%, which is quite nice.
Dividend Growth(5Y)38.22%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MULTI pays out 109.52% of its income as dividend. This is not a sustainable payout ratio.
  • MULTI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP109.52%
EPS Next 2Y27.22%
EPS Next 3Y20.68%
MULTI.OL Yearly Income VS Free CF VS DividendMULTI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
MULTI.OL Dividend Payout.MULTI.OL Dividend Payout, showing the Payout Ratio.MULTI.OL Dividend Payout.PayoutRetained Earnings

MULTI.OL Fundamentals: All Metrics, Ratios and Statistics

MULTICONSULT ASA

OSL:MULTI (3/11/2026, 9:28:06 AM)

156.5

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-10
Earnings (Next)05-12
Inst Owners35.17%
Inst Owner ChangeN/A
Ins Owners3.09%
Ins Owner ChangeN/A
Market Cap4.33B
Revenue(TTM)5.66B
Net Income(TTM)252.96M
Analysts76.92
Price Target186.32 (19.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.18%
Yearly Dividend10.04
Dividend Growth(5Y)38.22%
DP109.52%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.89%
Min EPS beat(2)-51.13%
Max EPS beat(2)-22.66%
EPS beat(4)0
Avg EPS beat(4)-37.03%
Min EPS beat(4)-51.13%
Max EPS beat(4)-22.66%
EPS beat(8)3
Avg EPS beat(8)-14.09%
EPS beat(12)5
Avg EPS beat(12)-5.34%
EPS beat(16)9
Avg EPS beat(16)1.98%
Revenue beat(2)0
Avg Revenue beat(2)-3.95%
Min Revenue beat(2)-4.14%
Max Revenue beat(2)-3.76%
Revenue beat(4)0
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-6.14%
Max Revenue beat(4)-3.41%
Revenue beat(8)2
Avg Revenue beat(8)-1.8%
Revenue beat(12)6
Avg Revenue beat(12)-0.68%
Revenue beat(16)6
Avg Revenue beat(16)-1.86%
PT rev (1m)-5.19%
PT rev (3m)-7.43%
EPS NQ rev (1m)-7.31%
EPS NQ rev (3m)-11.38%
EPS NY rev (1m)-9.13%
EPS NY rev (3m)-11.57%
Revenue NQ rev (1m)-0.66%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)-0.72%
Revenue NY rev (3m)-0.72%
Valuation
Industry RankSector Rank
PE 17.01
Fwd PE 12.42
P/S 0.77
P/FCF 25
P/OCF 17.23
P/B 3.65
P/tB N/A
EV/EBITDA 8.9
EPS(TTM)9.2
EY5.88%
EPS(NY)12.6
Fwd EY8.05%
FCF(TTM)6.26
FCFY4%
OCF(TTM)9.08
OCFY5.8%
SpS204.46
BVpS42.89
TBVpS-10.98
PEG (NY)0.46
PEG (5Y)N/A
Graham Number94.23
Profitability
Industry RankSector Rank
ROA 5.89%
ROE 21.31%
ROCE 15.08%
ROIC 11.86%
ROICexc 12.4%
ROICexgc 31.25%
OM 6.89%
PM (TTM) 4.47%
GM N/A
FCFM 3.06%
ROA(3y)8.38%
ROA(5y)8.59%
ROE(3y)28.58%
ROE(5y)28.77%
ROIC(3y)15.06%
ROIC(5y)15.99%
ROICexc(3y)16.43%
ROICexc(5y)17.4%
ROICexgc(3y)39.35%
ROICexgc(5y)41.92%
ROCE(3y)19.15%
ROCE(5y)20.33%
ROICexgc growth 3Y-16.83%
ROICexgc growth 5Y-4.42%
ROICexc growth 3Y-15.68%
ROICexc growth 5Y-12.8%
OM growth 3Y-10.52%
OM growth 5Y-8.81%
PM growth 3Y-14.81%
PM growth 5Y-8.06%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.32
Health
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 8.89
Debt/EBITDA 1.94
Cap/Depr 30.41%
Cap/Sales 1.38%
Interest Coverage 5.57
Cash Conversion 38.86%
Profit Quality 68.47%
Current Ratio 1.11
Quick Ratio 0.92
Altman-Z N/A
F-Score4
WACC7.61%
ROIC/WACC1.56
Cap/Depr(3y)37.03%
Cap/Depr(5y)30.58%
Cap/Sales(3y)1.76%
Cap/Sales(5y)1.47%
Profit Quality(3y)102.69%
Profit Quality(5y)131.45%
High Growth Momentum
Growth
EPS 1Y (TTM)-34.14%
EPS 3Y-5.98%
EPS 5Y-0.07%
EPS Q2Q%-54.88%
EPS Next Y36.99%
EPS Next 2Y27.22%
EPS Next 3Y20.68%
EPS Next 5YN/A
Revenue 1Y (TTM)5.08%
Revenue growth 3Y10.53%
Revenue growth 5Y9.09%
Sales Q2Q%5.42%
Revenue Next Year7.82%
Revenue Next 2Y7.56%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
EBIT growth 1Y-32.4%
EBIT growth 3Y-1.09%
EBIT growth 5Y-0.51%
EBIT Next Year89.8%
EBIT Next 3Y30.78%
EBIT Next 5YN/A
FCF growth 1Y-69.92%
FCF growth 3Y-30.61%
FCF growth 5Y-23.06%
OCF growth 1Y-62.59%
OCF growth 3Y-23.51%
OCF growth 5Y-17.75%

MULTICONSULT ASA / MULTI.OL FAQ

What is the fundamental rating for MULTI stock?

ChartMill assigns a fundamental rating of 3 / 10 to MULTI.OL.


What is the valuation status of MULTICONSULT ASA (MULTI.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to MULTICONSULT ASA (MULTI.OL). This can be considered as Fairly Valued.


How profitable is MULTICONSULT ASA (MULTI.OL) stock?

MULTICONSULT ASA (MULTI.OL) has a profitability rating of 4 / 10.


What is the expected EPS growth for MULTICONSULT ASA (MULTI.OL) stock?

The Earnings per Share (EPS) of MULTICONSULT ASA (MULTI.OL) is expected to grow by 36.99% in the next year.


Is the dividend of MULTICONSULT ASA sustainable?

The dividend rating of MULTICONSULT ASA (MULTI.OL) is 4 / 10 and the dividend payout ratio is 109.52%.