NEL Fundamental Analysis - NEL ASA

Fundamental Rating

Taking everything into account, NEL scores 3 out of 10 in our fundamental rating. NEL was compared to 66 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.

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1. Profitability

1.1 Basic Checks

NEL had negative earnings in the past year.

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

NEL had negative earnings in 4 of the past 5 years.

In the past 5 years NEL always reported negative operating cash flow.

1.2 Ratios

With a Return On Assets value of -7.72%, NEL is not doing good in the industry: 71.21% of the companies in the same industry are doing better.

NEL has a Return On Equity (-9.47%) which is comparable to the rest of the industry.

		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

With an excellent Gross Margin value of 59.84%, NEL belongs to the best of the industry, outperforming 89.39% of the companies in the same industry.

NEL's Gross Margin has improved in the last couple of years.

NEL does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		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.

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.

2.2 Solvency

An Altman-Z score of 1.85 indicates that NEL is not a great score, but indicates only limited risk for bankruptcy at the moment.

Looking at the Altman-Z score, with a value of 1.85, NEL is in line with its industry, outperforming 50.00% of the companies in the same industry.

A Debt/Equity ratio of 0.04 indicates that NEL is not too dependend on debt financing.

Looking at the Debt to Equity ratio, with a value of 0.04, NEL belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Altman-Z	1.85

ROIC/WACCN/A

WACC8.89%

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.

Looking at the Current ratio, with a value of 3.99, NEL belongs to the top of the industry, outperforming 89.39% of the companies in the same industry.

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

Looking at the Quick ratio, with a value of 2.80, NEL belongs to the top of the industry, outperforming 90.91% 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

NEL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.81%.

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

Measured over the past years, NEL shows a quite strong growth in Revenue. The Revenue has been growing by 19.53% on average per year.

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

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 2.77% on average over the next years.

EPS Next Y-50.53%

EPS Next 2Y-7.7%

EPS Next 3Y-5.57%

EPS Next 5Y17.66%

Revenue Next Year-38.77%

Revenue Next 2Y-18.44%

Revenue Next 3Y-2.1%

Revenue Next 5Y2.77%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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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.

Also next year NEL is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		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-7.7%

EPS Next 3Y-5.57%

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

No dividends for NEL!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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NEL ASA

OSL:NEL (12/9/2025, 4:19:54 PM)

2.278

-0.06 (-2.48%)

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 Owners26.18%

Inst Owner ChangeN/A

Ins Owners0.01%

Ins Owner ChangeN/A

Market Cap4.19B

Revenue(TTM)1.05B

Net Income(TTM)-454.10M

Analysts43.48

Price Target2.44 (7.11%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector 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)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)0.3%

PT rev (3m)-3.46%

EPS NQ rev (1m)-48.91%

EPS NQ rev (3m)-11.69%

EPS NY rev (1m)1.86%

EPS NY rev (3m)9.05%

Revenue NQ rev (1m)-0.18%

Revenue NQ rev (3m)37.08%

Revenue NY rev (1m)4.17%

Revenue NY rev (3m)9.21%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	4
P/FCF	N/A
P/OCF	N/A
P/B	0.87
P/tB	1.1
EV/EBITDA	N/A

EPS(TTM)-0.26

EYN/A

EPS(NY)-0.22

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	1.85

F-Score2

WACC8.89%

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-50.53%

EPS Next 2Y-7.7%

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-38.77%

Revenue Next 2Y-18.44%

Revenue Next 3Y-2.1%

Revenue Next 5Y2.77%

EBIT growth 1Y-186.93%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year35.24%

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 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.

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?

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

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

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