NEL Fundamental Analysis - NEL ASA

Fundamental Rating

Overall NEL gets a fundamental rating of 2 out of 10. We evaluated NEL against 70 industry peers in the Electrical Equipment industry. The financial health of NEL is average, but there are quite some concerns on its profitability. NEL is valued expensive and it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year NEL has reported negative net income.

NEL had a negative operating cash flow in the past year.

In the past 5 years NEL reported 4 times negative net income.

NEL had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

NEL has a Return On Assets of -7.72%. This is in the lower half of the industry: NEL underperforms 74.29% of its industry peers.

With a Return On Equity value of -9.47%, NEL is not doing good in the industry: 64.29% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	-7.72%
ROE	-9.47%
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

1.3 Margins

Looking at the Gross Margin, with a value of 59.84%, NEL belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.

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 Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	59.84%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y33.58%

GM growth 5Y9.82%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

NEL does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, NEL has about the same amount of shares outstanding.

The number of shares outstanding for NEL has been increased compared to 5 years ago.

NEL has a worse debt/assets ratio than last year.

2.2 Solvency

NEL has an Altman-Z score of 1.77. This is a bad value and indicates that NEL is not financially healthy and even has some risk of bankruptcy.

NEL has a Altman-Z score (1.77) which is comparable to the rest of the industry.

NEL has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.

NEL's Debt to Equity ratio of 0.04 is amongst the best of the industry. NEL outperforms 91.43% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Altman-Z	1.77

ROIC/WACCN/A

WACC8.98%

2.3 Liquidity

NEL has a Current Ratio of 3.99. This indicates that NEL is financially healthy and has no problem in meeting its short term obligations.

NEL has a better Current ratio (3.99) than 92.86% of its industry peers.

A Quick Ratio of 2.80 indicates that NEL has no problem at all paying its short term obligations.

With an excellent Quick ratio value of 2.80, NEL belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	3.99
Quick Ratio	2.8

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for NEL have decreased strongly by -23.81% in the last year.

The Revenue has decreased by -8.36% in the past year.

NEL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.53% yearly.

EPS 1Y (TTM)-23.81%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%28.57%

Revenue 1Y (TTM)-8.36%

Revenue growth 3Y22.66%

Revenue growth 5Y19.53%

Sales Q2Q%-10.78%

3.2 Future

Based on estimates for the next years, NEL will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.66% on average per year.

NEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.77% yearly.

EPS Next Y-63.96%

EPS Next 2Y-17.14%

EPS Next 3Y-5.57%

EPS Next 5Y17.66%

Revenue Next Year-39.41%

Revenue Next 2Y-22.77%

Revenue Next 3Y-2.1%

Revenue Next 5Y2.77%

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NEL. In the last year negative earnings were reported.

Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NEL. No positive earnings are expected for the next year.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A cheap valuation may be justified as NEL's earnings are expected to decrease with -5.57% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y-17.14%

EPS Next 3Y-5.57%

More info and screens

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5. Dividend

5.1 Amount

No dividends for NEL!.

		Industry Rank	Sector Rank
Dividend Yield	0%

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NEL ASA

OSL:NEL (1/9/2026, 7:00:00 PM)

2.234

0 (-0.09%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCapital Goods

GICS IndustryElectrical Equipment

Earnings (Last)10-29 2025-10-29/bmo

Earnings (Next)02-26 2026-02-26/amc

Inst Owners26.54%

Inst Owner ChangeN/A

Ins Owners0.01%

Ins Owner ChangeN/A

Market Cap4.11B

Revenue(TTM)1.05B

Net Income(TTM)-454.10M

Analysts43.48

Price Target2.44 (9.22%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector 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)2

Avg EPS beat(2)22.01%

Min EPS beat(2)5.7%

Max EPS beat(2)38.31%

EPS beat(4)3

Avg EPS beat(4)7.63%

Min EPS beat(4)-27.75%

Max EPS beat(4)38.31%

EPS beat(8)5

Avg EPS beat(8)12.73%

EPS beat(12)7

Avg EPS beat(12)-5.7%

EPS beat(16)8

Avg EPS beat(16)-6.86%

Revenue beat(2)2

Avg Revenue beat(2)27.33%

Min Revenue beat(2)2.86%

Max Revenue beat(2)51.8%

Revenue beat(4)2

Avg Revenue beat(4)5.57%

Min Revenue beat(4)-30.7%

Max Revenue beat(4)51.8%

Revenue beat(8)3

Avg Revenue beat(8)0.6%

Revenue beat(12)6

Avg Revenue beat(12)8.83%

Revenue beat(16)7

Avg Revenue beat(16)3.16%

PT rev (1m)0%

PT rev (3m)-3.46%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-11.69%

EPS NY rev (1m)-8.92%

EPS NY rev (3m)-5.09%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)37.08%

Revenue NY rev (1m)-1.05%

Revenue NY rev (3m)7.87%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	3.92
P/FCF	N/A
P/OCF	N/A
P/B	0.86
P/tB	1.08
EV/EBITDA	N/A

EPS(TTM)-0.26

EYN/A

EPS(NY)-0.26

Fwd EYN/A

FCF(TTM)-0.29

FCFYN/A

OCF(TTM)-0.12

OCFYN/A

SpS0.57

BVpS2.61

TBVpS2.07

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-7.72%
ROE	-9.47%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	59.84%
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 Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	125.23%
Cap/Sales	30.16%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	3.99
Quick Ratio	2.8
Altman-Z	1.77

F-Score2

WACC8.98%

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)-23.81%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%28.57%

EPS Next Y-63.96%

EPS Next 2Y-17.14%

EPS Next 3Y-5.57%

EPS Next 5Y17.66%

Revenue 1Y (TTM)-8.36%

Revenue growth 3Y22.66%

Revenue growth 5Y19.53%

Sales Q2Q%-10.78%

Revenue Next Year-39.41%

Revenue Next 2Y-22.77%

Revenue Next 3Y-2.1%

Revenue Next 5Y2.77%

EBIT growth 1Y-186.93%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year29.44%

EBIT Next 3Y18.51%

EBIT Next 5Y6.84%

FCF growth 1Y56.89%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y69.86%

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 2 / 10 to NEL.OL.

Can you provide the valuation status for NEL ASA?

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 1 / 10.

NEL ASA (NEL.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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NEL ASA / NEL.OL FAQ

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

Can you provide the valuation status for NEL ASA?

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