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NEL ASA (NEL.OL) Stock Fundamental Analysis

Europe - OSL:NEL - NO0010081235 - Common Stock

2.216 NOK
-0.09 (-3.74%)
Last: 10/31/2025, 7:00:00 PM
Fundamental Rating

3

NEL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 57 industry peers in the Electrical Equipment industry. NEL scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. NEL does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year NEL has reported negative net income.
In the past year NEL has reported a negative cash flow from operations.
In the past 5 years NEL reported 4 times negative net income.
In the past 5 years NEL always reported negative operating cash flow.
NEL.OL Yearly Net Income VS EBIT VS OCF VS FCFNEL.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B -1.5B

1.2 Ratios

NEL has a worse Return On Assets (-7.88%) than 68.97% of its industry peers.
Looking at the Return On Equity, with a value of -9.91%, NEL is in line with its industry, outperforming 44.83% of the companies in the same industry.
Industry RankSector Rank
ROA -7.88%
ROE -9.91%
ROIC N/A
ROA(3y)-10.54%
ROA(5y)-7.42%
ROE(3y)-13.4%
ROE(5y)-9.63%
ROIC(3y)N/A
ROIC(5y)N/A
NEL.OL Yearly ROA, ROE, ROICNEL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 -30

1.3 Margins

The Gross Margin of NEL (59.77%) is better than 87.93% of its industry peers.
In the last couple of years the Gross Margin of NEL has grown nicely.
The Profit Margin and Operating Margin are not available for NEL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 59.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.58%
GM growth 5Y9.82%
NEL.OL Yearly Profit, Operating, Gross MarginsNEL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

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5

2. Health

2.1 Basic Checks

NEL does not have a ROIC to compare to the WACC, probably because it is not profitable.
NEL has about the same amout of shares outstanding than it did 1 year ago.
NEL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NEL has a worse debt to assets ratio.
NEL.OL Yearly Shares OutstandingNEL.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
NEL.OL Yearly Total Debt VS Total AssetsNEL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 1.49, we must say that NEL is in the distress zone and has some risk of bankruptcy.
NEL has a Altman-Z score (1.49) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.04 indicates that NEL is not too dependend on debt financing.
NEL's Debt to Equity ratio of 0.04 is amongst the best of the industry. NEL outperforms 89.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACCN/A
WACC8.35%
NEL.OL Yearly LT Debt VS Equity VS FCFNEL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

NEL has a Current Ratio of 3.54. This indicates that NEL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.54, NEL belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
NEL has a Quick Ratio of 2.59. This indicates that NEL is financially healthy and has no problem in meeting its short term obligations.
NEL has a Quick ratio of 2.59. This is amongst the best in the industry. NEL outperforms 94.83% of its industry peers.
Industry RankSector Rank
Current Ratio 3.54
Quick Ratio 2.59
NEL.OL Yearly Current Assets VS Current LiabilitesNEL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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3

3. Growth

3.1 Past

The earnings per share for NEL have decreased by 0.00% in the last year.
Looking at the last year, NEL shows a decrease in Revenue. The Revenue has decreased by -6.14% in the last year.
The Revenue has been growing by 19.53% on average over the past years. This is quite good.
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-6.14%
Revenue growth 3Y22.66%
Revenue growth 5Y19.53%
Sales Q2Q%-46.61%

3.2 Future

The Earnings Per Share is expected to grow by 17.66% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.16% on average over the next years.
EPS Next Y-56.02%
EPS Next 2Y-6.03%
EPS Next 3Y-1.79%
EPS Next 5Y17.66%
Revenue Next Year-43.83%
Revenue Next 2Y-13.76%
Revenue Next 3Y-2.05%
Revenue Next 5Y2.16%

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.
NEL.OL Yearly Revenue VS EstimatesNEL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
NEL.OL Yearly EPS VS EstimatesNEL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NEL. In the last year negative earnings were reported.
Also next year NEL 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
NEL.OL Price Earnings VS Forward Price EarningsNEL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NEL.OL Per share dataNEL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.03%
EPS Next 3Y-1.79%

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0

5. Dividend

5.1 Amount

No dividends for NEL!.
Industry RankSector Rank
Dividend Yield N/A

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NEL ASA

OSL:NEL (10/31/2025, 7:00:00 PM)

2.216

-0.09 (-3.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)10-29 2025-10-29
Earnings (Next)02-26 2026-02-26/amc
Inst Owners26.18%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap4.07B
Revenue(TTM)1.11B
Net Income(TTM)-484565000
Analysts44.55
Price Target2.43 (9.66%)
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)1
Avg EPS beat(2)-11.02%
Min EPS beat(2)-27.75%
Max EPS beat(2)5.7%
EPS beat(4)2
Avg EPS beat(4)-6.01%
Min EPS beat(4)-27.75%
Max EPS beat(4)14.28%
EPS beat(8)5
Avg EPS beat(8)8.69%
EPS beat(12)6
Avg EPS beat(12)-10.58%
EPS beat(16)7
Avg EPS beat(16)-9.92%
Revenue beat(2)1
Avg Revenue beat(2)-13.92%
Min Revenue beat(2)-30.7%
Max Revenue beat(2)2.86%
Revenue beat(4)1
Avg Revenue beat(4)-8.66%
Min Revenue beat(4)-30.7%
Max Revenue beat(4)2.86%
Revenue beat(8)2
Avg Revenue beat(8)-6.87%
Revenue beat(12)5
Avg Revenue beat(12)2.55%
Revenue beat(16)7
Avg Revenue beat(16)1.79%
PT rev (1m)-3.75%
PT rev (3m)-9.4%
EPS NQ rev (1m)-8.93%
EPS NQ rev (3m)-3.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.78%
Revenue NQ rev (1m)5.31%
Revenue NQ rev (3m)-5.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.67
P/FCF N/A
P/OCF N/A
P/B 0.83
P/tB 1.04
EV/EBITDA N/A
EPS(TTM)-0.28
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS0.6
BVpS2.66
TBVpS2.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -7.88%
ROE -9.91%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 59.77%
FCFM N/A
ROA(3y)-10.54%
ROA(5y)-7.42%
ROE(3y)-13.4%
ROE(5y)-9.63%
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 3Y33.58%
GM growth 5Y9.82%
F-Score2
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 153.8%
Cap/Sales 36.65%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.54
Quick Ratio 2.59
Altman-Z 1.49
F-Score2
WACC8.35%
ROIC/WACCN/A
Cap/Depr(3y)232.6%
Cap/Depr(5y)238.15%
Cap/Sales(3y)44.74%
Cap/Sales(5y)43.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-56.02%
EPS Next 2Y-6.03%
EPS Next 3Y-1.79%
EPS Next 5Y17.66%
Revenue 1Y (TTM)-6.14%
Revenue growth 3Y22.66%
Revenue growth 5Y19.53%
Sales Q2Q%-46.61%
Revenue Next Year-43.83%
Revenue Next 2Y-13.76%
Revenue Next 3Y-2.05%
Revenue Next 5Y2.16%
EBIT growth 1Y-179.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.37%
EBIT Next 3Y19.83%
EBIT Next 5Y7.04%
FCF growth 1Y51.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y79.35%
OCF growth 3YN/A
OCF growth 5YN/A

NEL ASA / NEL.OL FAQ

What is the ChartMill fundamental rating of NEL ASA (NEL.OL) stock?

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


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

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


How profitable is NEL ASA (NEL.OL) stock?

NEL ASA (NEL.OL) has a profitability rating of 2 / 10.


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

The financial health rating of NEL ASA (NEL.OL) is 5 / 10.