MULTICONSULT ASA (MULTI.OL) Stock Fundamental Analysis
OSL:MULTI - Euronext Oslo - NO0010734338 - Common Stock - Currency: NOK
Overall MULTI gets a fundamental rating of 7 out of 10. We evaluated MULTI against 43 industry peers in the Construction & Engineering industry. Both the health and profitability get an excellent rating, making MULTI a very profitable company, without any liquidiy or solvency issues. MULTI has a decent growth rate and is not valued too expensively. Finally MULTI also has an excellent dividend rating. This makes MULTI very considerable for dividend and quality investing!
1. Profitability
1.1 Basic Checks
MULTI had positive earnings in the past year.
MULTI had a positive operating cash flow in the past year.
MULTI had positive earnings in each of the past 5 years.
In the past 5 years MULTI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MULTI (11.05%) is better than 83.72% of its industry peers.
MULTI has a Return On Equity of 33.68%. This is amongst the best in the industry. MULTI outperforms 81.40% of its industry peers.
The Return On Invested Capital of MULTI (21.64%) is better than 93.02% of its industry peers.
MULTI had an Average Return On Invested Capital over the past 3 years of 17.87%. This is significantly above the industry average of 10.72%.
The last Return On Invested Capital (21.64%) for MULTI is above the 3 year average (17.87%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.05% | ||
| ROE | 33.68% | ||
| ROIC | 21.64% |
ROA(3y)9.77%
ROA(5y)9.24%
ROE(3y)31.65%
ROE(5y)30.95%
ROIC(3y)17.87%
ROIC(5y)18.01%
1.3 Margins
MULTI has a Profit Margin of 7.74%. This is in the better half of the industry: MULTI outperforms 74.42% of its industry peers.
In the last couple of years the Profit Margin of MULTI has grown nicely.
MULTI has a better Operating Margin (10.71%) than 79.07% of its industry peers.
MULTI's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.71% | ||
| PM (TTM) | 7.74% | ||
| GM | N/A |
OM growth 3Y1.47%
OM growth 5Y25.39%
PM growth 3Y7.84%
PM growth 5Y49.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MULTI is creating value.
Compared to 1 year ago, MULTI has about the same amount of shares outstanding.
The number of shares outstanding for MULTI has been increased compared to 5 years ago.
Compared to 1 year ago, MULTI has an improved debt to assets ratio.
2.2 Solvency
MULTI has an Altman-Z score of 3.63. This indicates that MULTI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.63, MULTI belongs to the top of the industry, outperforming 83.72% of the companies in the same industry.
The Debt to FCF ratio of MULTI is 1.74, which is an excellent value as it means it would take MULTI, only 1.74 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.74, MULTI belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
A Debt/Equity ratio of 0.61 indicates that MULTI is somewhat dependend on debt financing.
The Debt to Equity ratio of MULTI (0.61) is comparable to the rest of the industry.
Although MULTI does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 3.63 |
ROIC/WACC2.69
WACC8.04%
2.3 Liquidity
MULTI has a Current Ratio of 0.97. This is a bad value and indicates that MULTI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.97, MULTI is doing worse than 69.77% of the companies in the same industry.
A Quick Ratio of 0.78 indicates that MULTI may have some problems paying its short term obligations.
The Quick ratio of MULTI (0.78) is worse than 81.40% of its industry peers.
The current and quick ratio evaluation for MULTI is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.85% over the past year.
Measured over the past years, MULTI shows a very strong growth in Earnings Per Share. The EPS has been growing by 60.54% on average per year.
The Revenue has grown by 12.10% in the past year. This is quite good.
MULTI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.40% yearly.
EPS 1Y (TTM)20.85%
EPS 3Y17.24%
EPS 5Y60.54%
EPS Q2Q%-20%
Revenue 1Y (TTM)12.1%
Revenue growth 3Y12.28%
Revenue growth 5Y9.4%
Sales Q2Q%6.01%
3.2 Future
Based on estimates for the next years, MULTI will show a small growth in Earnings Per Share. The EPS will grow by 6.43% on average per year.
Based on estimates for the next years, MULTI will show a small growth in Revenue. The Revenue will grow by 5.62% on average per year.
EPS Next Y2.09%
EPS Next 2Y4.23%
EPS Next 3Y6.43%
EPS Next 5YN/A
Revenue Next Year3.89%
Revenue Next 2Y5.07%
Revenue Next 3Y5.62%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.94, the valuation of MULTI can be described as correct.
MULTI's Price/Earnings ratio is in line with the industry average.
MULTI is valuated cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.66, the valuation of MULTI can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as MULTI.
When comparing the Price/Forward Earnings ratio of MULTI to the average of the S&P500 Index (20.74), we can say MULTI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.94 | ||
| Fwd PE | 13.66 |
4.2 Price Multiples
MULTI's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MULTI indicates a somewhat cheap valuation: MULTI is cheaper than 69.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.36 | ||
| EV/EBITDA | 7.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MULTI does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of MULTI may justify a higher PE ratio.
PEG (NY)6.68
PEG (5Y)0.23
EPS Next 2Y4.23%
EPS Next 3Y6.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.29%, MULTI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.58, MULTI pays a better dividend. On top of this MULTI pays more dividend than 95.35% of the companies listed in the same industry.
MULTI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
5.2 History
On average, the dividend of MULTI grows each year by 39.77%, which is quite nice.
Dividend Growth(5Y)39.77%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
53.10% of the earnings are spent on dividend by MULTI. This is a bit on the high side, but may be sustainable.
MULTI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP53.1%
EPS Next 2Y4.23%
EPS Next 3Y6.43%
OSL:MULTI (5/6/2025, 1:37:41 PM)
194.75
+1.25 (+0.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners28.89%
Inst Owner ChangeN/A
Ins Owners3.5%
Ins Owner ChangeN/A
Market Cap5.39B
Analysts78.57
Price Target216.04 (10.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
Yearly Dividend8
Dividend Growth(5Y)39.77%
DP53.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.95%
Min EPS beat(2)-19.54%
Max EPS beat(2)11.64%
EPS beat(4)3
Avg EPS beat(4)8.85%
Min EPS beat(4)-19.54%
Max EPS beat(4)29.37%
EPS beat(8)5
Avg EPS beat(8)10.5%
EPS beat(12)9
Avg EPS beat(12)14.99%
EPS beat(16)11
Avg EPS beat(16)9.71%
Revenue beat(2)1
Avg Revenue beat(2)-3.68%
Min Revenue beat(2)-7.48%
Max Revenue beat(2)0.12%
Revenue beat(4)2
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-7.48%
Max Revenue beat(4)12.16%
Revenue beat(8)6
Avg Revenue beat(8)1.16%
Revenue beat(12)6
Avg Revenue beat(12)-1.03%
Revenue beat(16)6
Avg Revenue beat(16)-1.53%
PT rev (1m)-2.75%
PT rev (3m)-0.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.43%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.94 | ||
| Fwd PE | 13.66 | ||
| P/S | 1 | ||
| P/FCF | 9.36 | ||
| P/OCF | 8.02 | ||
| P/B | 4.36 | ||
| P/tB | 90.71 | ||
| EV/EBITDA | 7.5 |
EPS(TTM)13.97
EY7.17%
EPS(NY)14.26
Fwd EY7.32%
FCF(TTM)20.81
FCFY10.69%
OCF(TTM)24.28
OCFY12.47%
SpS194.56
BVpS44.69
TBVpS2.15
PEG (NY)6.68
PEG (5Y)0.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.05% | ||
| ROE | 33.68% | ||
| ROCE | 26.97% | ||
| ROIC | 21.64% | ||
| ROICexc | 23.44% | ||
| ROICexgc | 58.09% | ||
| OM | 10.71% | ||
| PM (TTM) | 7.74% | ||
| GM | N/A | ||
| FCFM | 10.7% |
ROA(3y)9.77%
ROA(5y)9.24%
ROE(3y)31.65%
ROE(5y)30.95%
ROIC(3y)17.87%
ROIC(5y)18.01%
ROICexc(3y)19.57%
ROICexc(5y)20.24%
ROICexgc(3y)47.98%
ROICexgc(5y)44.37%
ROCE(3y)22.28%
ROCE(5y)22.46%
ROICexcg growth 3Y10.96%
ROICexcg growth 5Y40.09%
ROICexc growth 3Y6.4%
ROICexc growth 5Y27.28%
OM growth 3Y1.47%
OM growth 5Y25.39%
PM growth 3Y7.84%
PM growth 5Y49.91%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 1.74 | ||
| Debt/EBITDA | 0.92 | ||
| Cap/Depr | 38.54% | ||
| Cap/Sales | 1.78% | ||
| Interest Coverage | 8.11 | ||
| Cash Conversion | 81.36% | ||
| Profit Quality | 138.26% | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 3.63 |
F-Score7
WACC8.04%
ROIC/WACC2.69
Cap/Depr(3y)33.84%
Cap/Depr(5y)27.05%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.33%
Profit Quality(3y)136.9%
Profit Quality(5y)169.32%
High Growth Momentum
Growth
EPS 1Y (TTM)20.85%
EPS 3Y17.24%
EPS 5Y60.54%
EPS Q2Q%-20%
EPS Next Y2.09%
EPS Next 2Y4.23%
EPS Next 3Y6.43%
EPS Next 5YN/A
Revenue 1Y (TTM)12.1%
Revenue growth 3Y12.28%
Revenue growth 5Y9.4%
Sales Q2Q%6.01%
Revenue Next Year3.89%
Revenue Next 2Y5.07%
Revenue Next 3Y5.62%
Revenue Next 5YN/A
EBIT growth 1Y41.29%
EBIT growth 3Y13.93%
EBIT growth 5Y37.18%
EBIT Next Year41.3%
EBIT Next 3Y15.76%
EBIT Next 5YN/A
FCF growth 1Y78.61%
FCF growth 3Y11.27%
FCF growth 5Y25.44%
OCF growth 1Y58.69%
OCF growth 3Y13.57%
OCF growth 5Y22.03%