NEL ASA (NEL.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:NEL • NO0010081235

2.126 NOK
+0.03 (+1.63%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

Overall NEL gets a fundamental rating of 2 out of 10. We evaluated NEL against 67 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 is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • NEL had negative earnings in the past year.
  • 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.
  • NEL had a negative operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B -1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of -7.72%, NEL is doing worse than 74.63% of the companies in the same industry.
  • NEL has a worse Return On Equity (-9.47%) than 65.67% of its industry peers.
Industry RankSector 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
NEL.OL Yearly ROA, ROE, ROICNEL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 -30

1.3 Margins

  • The Gross Margin of NEL (59.84%) is better than 86.57% of its industry peers.
  • NEL's Gross Margin has improved in the last couple of years.
  • 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 59.84%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.58%
GM growth 5Y9.82%
NEL.OL Yearly Profit, Operating, Gross MarginsNEL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.62, we must say that NEL is in the distress zone and has some risk of bankruptcy.
  • NEL's Altman-Z score of 1.62 is on the low side compared to the rest of the industry. NEL is outperformed by 62.69% of its industry peers.
  • NEL has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.04, NEL belongs to the top of the industry, outperforming 89.55% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 1.62
ROIC/WACCN/A
WACC9.31%
NEL.OL Yearly LT Debt VS Equity VS FCFNEL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

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's Current ratio of 3.99 is amongst the best of the industry. NEL outperforms 92.54% of its industry peers.
  • NEL has a Quick Ratio of 2.80. This indicates that NEL is financially healthy and has no problem in meeting its short term obligations.
  • NEL has a Quick ratio of 2.80. This is amongst the best in the industry. NEL outperforms 94.03% of its industry peers.
Industry RankSector Rank
Current Ratio 3.99
Quick Ratio 2.8
NEL.OL Yearly Current Assets VS Current LiabilitesNEL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • NEL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.81%.
  • Looking at the last year, NEL shows a decrease in Revenue. The Revenue has decreased by -8.36% in the last 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

  • NEL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.66% yearly.
  • NEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.46% 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 5Y2.46%

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B
NEL.OL Yearly EPS VS EstimatesNEL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2

More info and screens

Find the best growth stocksShow best growing peers

0

4. Valuation

4.1 Price/Earnings Ratio

  • NEL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • 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 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 10 20 30 40

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

  • NEL's earnings are expected to decrease with -5.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-17.14%
EPS Next 3Y-5.57%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • NEL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

NEL ASA

OSL:NEL (2/6/2026, 7:00:00 PM)

2.126

+0.03 (+1.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)10-29
Earnings (Next)03-04
Inst Owners26.54%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap3.91B
Revenue(TTM)1.05B
Net Income(TTM)-454.10M
Analysts44.55
Price Target2.2 (3.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-48.91%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.73
P/FCF N/A
P/OCF N/A
P/B 0.82
P/tB 1.03
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 RankSector 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 RankSector 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 1.62
F-Score2
WACC9.31%
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 5Y2.46%
EBIT growth 1Y-186.93%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.44%
EBIT Next 3Y18.51%
EBIT Next 5Y6.98%
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.