NORSK HYDRO ASA (NHY.OL) Fundamental Analysis & Valuation
OSL:NHY • NO0005052605
Current stock price
107.3 NOK
+0.75 (+0.7%)
Last:
This NHY.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. NHY.OL Profitability Analysis
1.1 Basic Checks
- NHY had positive earnings in the past year.
- NHY had a positive operating cash flow in the past year.
- In the past 5 years NHY has always been profitable.
- Each year in the past 5 years NHY had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.22%, NHY is in line with its industry, outperforming 45.45% of the companies in the same industry.
- NHY has a Return On Equity (6.73%) which is in line with its industry peers.
- NHY's Return On Invested Capital of 5.62% is in line compared to the rest of the industry. NHY outperforms 54.55% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NHY is below the industry average of 8.77%.
- The 3 year average ROIC (5.46%) for NHY is below the current ROIC(5.62%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 6.73% | ||
| ROIC | 5.62% |
ROA(3y)2.58%
ROA(5y)5.38%
ROE(3y)5.33%
ROE(5y)10.81%
ROIC(3y)5.46%
ROIC(5y)6.94%
1.3 Margins
- NHY has a Profit Margin (3.23%) which is in line with its industry peers.
- NHY's Profit Margin has improved in the last couple of years.
- The Operating Margin of NHY (7.42%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of NHY has grown nicely.
- NHY has a Gross Margin (35.99%) which is in line with its industry peers.
- NHY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.42% | ||
| PM (TTM) | 3.23% | ||
| GM | 35.99% |
OM growth 3Y-20.3%
OM growth 5Y7.87%
PM growth 3Y-34.73%
PM growth 5Y14.88%
GM growth 3Y-1.6%
GM growth 5Y-1.93%
2. NHY.OL Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NHY is destroying value.
- The number of shares outstanding for NHY has been reduced compared to 1 year ago.
- NHY has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for NHY is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.02 indicates that NHY is not in any danger for bankruptcy at the moment.
- NHY has a better Altman-Z score (3.02) than 61.36% of its industry peers.
- NHY has a debt to FCF ratio of 3.12. This is a good value and a sign of high solvency as NHY would need 3.12 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.12, NHY is in the better half of the industry, outperforming 70.45% of the companies in the same industry.
- NHY has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
- NHY has a Debt to Equity ratio (0.28) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.12 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.55
WACC10.13%
2.3 Liquidity
- A Current Ratio of 1.73 indicates that NHY should not have too much problems paying its short term obligations.
- NHY's Current ratio of 1.73 is in line compared to the rest of the industry. NHY outperforms 47.73% of its industry peers.
- A Quick Ratio of 1.14 indicates that NHY should not have too much problems paying its short term obligations.
- NHY has a Quick ratio of 1.14. This is comparable to the rest of the industry: NHY outperforms 54.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.14 |
3. NHY.OL Growth Analysis
3.1 Past
- NHY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.78%, which is quite good.
- Measured over the past years, NHY shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.90% on average per year.
- Looking at the last year, NHY shows a small growth in Revenue. The Revenue has grown by 2.13% in the last year.
- NHY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.72% yearly.
EPS 1Y (TTM)11.78%
EPS 3Y-21.78%
EPS 5Y31.9%
EPS Q2Q%-36.94%
Revenue 1Y (TTM)2.13%
Revenue growth 3Y0.01%
Revenue growth 5Y12.72%
Sales Q2Q%-14.24%
3.2 Future
- Based on estimates for the next years, NHY will show a small growth in Earnings Per Share. The EPS will grow by 4.94% on average per year.
- Based on estimates for the next years, NHY will show a decrease in Revenue. The Revenue will decrease by -0.56% on average per year.
EPS Next Y43.63%
EPS Next 2Y24.28%
EPS Next 3Y15.68%
EPS Next 5Y4.94%
Revenue Next Year2.54%
Revenue Next 2Y2.37%
Revenue Next 3Y1.64%
Revenue Next 5Y-0.56%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. NHY.OL Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 21.33, which indicates a rather expensive current valuation of NHY.
- Based on the Price/Earnings ratio, NHY is valued a bit cheaper than 68.18% of the companies in the same industry.
- NHY is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 14.85, which indicates a correct valuation of NHY.
- NHY's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of NHY to the average of the S&P500 Index (22.24), we can say NHY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 14.85 |
4.2 Price Multiples
- 79.55% of the companies in the same industry are more expensive than NHY, based on the Enterprise Value to EBITDA ratio.
- 77.27% of the companies in the same industry are more expensive than NHY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.1 | ||
| EV/EBITDA | 7.78 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as NHY's earnings are expected to grow with 15.68% in the coming years.
PEG (NY)0.49
PEG (5Y)0.67
EPS Next 2Y24.28%
EPS Next 3Y15.68%
5. NHY.OL Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.82%, NHY has a reasonable but not impressive dividend return.
- NHY's Dividend Yield is a higher than the industry average which is at 1.53.
- Compared to an average S&P500 Dividend Yield of 1.81, NHY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
5.2 History
- The dividend of NHY is nicely growing with an annual growth rate of 11.05%!
Dividend Growth(5Y)11.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 68.21% of the earnings are spent on dividend by NHY. This is not a sustainable payout ratio.
- NHY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP68.21%
EPS Next 2Y24.28%
EPS Next 3Y15.68%
NHY.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:NHY (4/24/2026, 7:00:00 PM)
107.3
+0.75 (+0.7%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-13 2026-02-13/bmo
Earnings (Next)04-29 2026-04-29/bmo
Inst Owners44.03%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap212.29B
Revenue(TTM)207.97B
Net Income(TTM)6.72B
Analysts63.2
Price Target91.74 (-14.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
Yearly Dividend2.32
Dividend Growth(5Y)11.05%
DP68.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.63%
Min EPS beat(2)-20.21%
Max EPS beat(2)-5.06%
EPS beat(4)0
Avg EPS beat(4)-12.84%
Min EPS beat(4)-24.14%
Max EPS beat(4)-1.96%
EPS beat(8)0
Avg EPS beat(8)-16.68%
EPS beat(12)2
Avg EPS beat(12)-16.66%
EPS beat(16)5
Avg EPS beat(16)-9.09%
Revenue beat(2)1
Avg Revenue beat(2)1.59%
Min Revenue beat(2)-0.17%
Max Revenue beat(2)3.36%
Revenue beat(4)3
Avg Revenue beat(4)1.89%
Min Revenue beat(4)-0.17%
Max Revenue beat(4)3.36%
Revenue beat(8)4
Avg Revenue beat(8)0.84%
Revenue beat(12)7
Avg Revenue beat(12)1.73%
Revenue beat(16)9
Avg Revenue beat(16)2.36%
PT rev (1m)13.85%
PT rev (3m)16.5%
EPS NQ rev (1m)-1.79%
EPS NQ rev (3m)-12.34%
EPS NY rev (1m)3.84%
EPS NY rev (3m)4.49%
Revenue NQ rev (1m)-2.32%
Revenue NQ rev (3m)-2.8%
Revenue NY rev (1m)3.07%
Revenue NY rev (3m)3.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 14.85 | ||
| P/S | 1.02 | ||
| P/FCF | 18.1 | ||
| P/OCF | 9.11 | ||
| P/B | 2.13 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 7.78 |
EPS(TTM)5.03
EY4.69%
EPS(NY)7.22
Fwd EY6.73%
FCF(TTM)5.93
FCFY5.52%
OCF(TTM)11.78
OCFY10.98%
SpS105.12
BVpS50.46
TBVpS46.59
PEG (NY)0.49
PEG (5Y)0.67
Graham Number75.5735 (-29.57%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 6.73% | ||
| ROCE | 9.57% | ||
| ROIC | 5.62% | ||
| ROICexc | 6.79% | ||
| ROICexgc | 7.2% | ||
| OM | 7.42% | ||
| PM (TTM) | 3.23% | ||
| GM | 35.99% | ||
| FCFM | 5.64% |
ROA(3y)2.58%
ROA(5y)5.38%
ROE(3y)5.33%
ROE(5y)10.81%
ROIC(3y)5.46%
ROIC(5y)6.94%
ROICexc(3y)6.45%
ROICexc(5y)8.64%
ROICexgc(3y)6.86%
ROICexgc(5y)9.31%
ROCE(3y)9.33%
ROCE(5y)11.84%
ROICexgc growth 3Y-23.46%
ROICexgc growth 5Y17.32%
ROICexc growth 3Y-22.92%
ROICexc growth 5Y17.93%
OM growth 3Y-20.3%
OM growth 5Y7.87%
PM growth 3Y-34.73%
PM growth 5Y14.88%
GM growth 3Y-1.6%
GM growth 5Y-1.93%
F-Score7
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.12 | ||
| Debt/EBITDA | 1.06 | ||
| Cap/Depr | 100.92% | ||
| Cap/Sales | 5.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.64% | ||
| Profit Quality | 174.64% | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 3.02 |
F-Score7
WACC10.13%
ROIC/WACC0.55
Cap/Depr(3y)110.98%
Cap/Depr(5y)102.64%
Cap/Sales(3y)6.42%
Cap/Sales(5y)5.58%
Profit Quality(3y)145.8%
Profit Quality(5y)117.48%
High Growth Momentum
Growth
EPS 1Y (TTM)11.78%
EPS 3Y-21.78%
EPS 5Y31.9%
EPS Q2Q%-36.94%
EPS Next Y43.63%
EPS Next 2Y24.28%
EPS Next 3Y15.68%
EPS Next 5Y4.94%
Revenue 1Y (TTM)2.13%
Revenue growth 3Y0.01%
Revenue growth 5Y12.72%
Sales Q2Q%-14.24%
Revenue Next Year2.54%
Revenue Next 2Y2.37%
Revenue Next 3Y1.64%
Revenue Next 5Y-0.56%
EBIT growth 1Y-9.45%
EBIT growth 3Y-20.29%
EBIT growth 5Y21.59%
EBIT Next Year75.13%
EBIT Next 3Y22.83%
EBIT Next 5YN/A
FCF growth 1Y610.85%
FCF growth 3Y-15.92%
FCF growth 5Y10.15%
OCF growth 1Y53.31%
OCF growth 3Y-7.38%
OCF growth 5Y12.81%
NORSK HYDRO ASA / NHY.OL Fundamental Analysis FAQ
What is the fundamental rating for NHY stock?
ChartMill assigns a fundamental rating of 5 / 10 to NHY.OL.
What is the valuation status of NORSK HYDRO ASA (NHY.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to NORSK HYDRO ASA (NHY.OL). This can be considered as Fairly Valued.
What is the profitability of NHY stock?
NORSK HYDRO ASA (NHY.OL) has a profitability rating of 5 / 10.
Can you provide the financial health for NHY stock?
The financial health rating of NORSK HYDRO ASA (NHY.OL) is 6 / 10.
Is the dividend of NORSK HYDRO ASA sustainable?
The dividend rating of NORSK HYDRO ASA (NHY.OL) is 5 / 10 and the dividend payout ratio is 68.21%.