NORSK HYDRO ASA (NHY.OL) Fundamental Analysis & Valuation
OSL:NHY • NO0005052605
Current stock price
85.34 NOK
-5.1 (-5.64%)
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.
- In the past year NHY had a positive cash flow from operations.
- In the past 5 years NHY has always been profitable.
- NHY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- NHY's Return On Assets of 3.22% is in line compared to the rest of the industry. NHY outperforms 45.45% of its industry peers.
- NHY has a Return On Equity (6.73%) which is in line with its industry peers.
- NHY has a Return On Invested Capital of 5.62%. This is comparable to the rest of the industry: NHY outperforms 52.27% of its industry peers.
- NHY had an Average Return On Invested Capital over the past 3 years of 5.46%. This is below the industry average of 8.65%.
- 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.
- NHY has a Operating Margin of 7.42%. This is comparable to the rest of the industry: NHY outperforms 50.00% of its industry peers.
- NHY's Operating Margin has improved in the last couple of years.
- NHY has a Gross Margin of 35.99%. This is comparable to the rest of the industry: NHY outperforms 59.09% of 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NHY is destroying value.
- The number of shares outstanding for NHY has been reduced compared to 1 year ago.
- Compared to 5 years ago, NHY has less shares outstanding
- Compared to 1 year ago, NHY has a worse debt to assets ratio.
2.2 Solvency
- NHY has an Altman-Z score of 2.83. This is not the best score and indicates that NHY is in the grey zone with still only limited risk for bankruptcy at the moment.
- The Altman-Z score of NHY (2.83) is comparable to the rest of the industry.
- 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.
- The Debt to FCF ratio of NHY (3.12) is better than 70.45% of its industry peers.
- A Debt/Equity ratio of 0.28 indicates that NHY is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.28, NHY perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.12 | ||
| Altman-Z | 2.83 |
ROIC/WACC0.57
WACC9.79%
2.3 Liquidity
- NHY has a Current Ratio of 1.73. This is a normal value and indicates that NHY is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.73, NHY is in line with its industry, outperforming 47.73% of the companies in the same industry.
- 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 (1.14) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.14 |
3. NHY.OL Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 11.78% over the past year.
- 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.
- NHY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.13%.
- Measured over the past years, NHY shows a quite strong growth in Revenue. The Revenue has been growing by 12.72% on average per year.
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
- NHY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.16% yearly.
- NHY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.19% yearly.
EPS Next Y38.31%
EPS Next 2Y22.48%
EPS Next 3Y13.45%
EPS Next 5Y9.16%
Revenue Next Year-0.52%
Revenue Next 2Y1.5%
Revenue Next 3Y1.12%
Revenue Next 5Y1.19%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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.
4. NHY.OL Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 16.97, NHY is valued correctly.
- Based on the Price/Earnings ratio, NHY is valued a bit cheaper than 65.91% of the companies in the same industry.
- NHY is valuated rather cheaply when we compare the Price/Earnings ratio to 25.79, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 12.27 indicates a correct valuation of NHY.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NHY is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 23.80. NHY is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 12.27 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NHY indicates a rather cheap valuation: NHY is cheaper than 84.09% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NHY is valued cheaper than 86.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.4 | ||
| EV/EBITDA | 6.55 |
4.3 Compensation for Growth
- NHY's 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 13.45% in the coming years.
PEG (NY)0.44
PEG (5Y)0.53
EPS Next 2Y22.48%
EPS Next 3Y13.45%
5. NHY.OL Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.10%, NHY has a reasonable but not impressive dividend return.
- NHY's Dividend Yield is a higher than the industry average which is at 1.61.
- Compared to an average S&P500 Dividend Yield of 1.91, NHY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
- On average, the dividend of NHY grows each year by 11.05%, which is quite nice.
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 2Y22.48%
EPS Next 3Y13.45%
NHY.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:NHY (3/19/2026, 1:49:03 PM)
85.34
-5.1 (-5.64%)
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
Inst Owners43.08%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap168.84B
Revenue(TTM)207.97B
Net Income(TTM)6.72B
Analysts53.08
Price Target80.58 (-5.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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)2.35%
PT rev (3m)7.41%
EPS NQ rev (1m)-6.72%
EPS NQ rev (3m)4.61%
EPS NY rev (1m)0.62%
EPS NY rev (3m)9.48%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 12.27 | ||
| P/S | 0.81 | ||
| P/FCF | 14.4 | ||
| P/OCF | 7.24 | ||
| P/B | 1.69 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 6.55 |
EPS(TTM)5.03
EY5.89%
EPS(NY)6.96
Fwd EY8.15%
FCF(TTM)5.93
FCFY6.95%
OCF(TTM)11.78
OCFY13.81%
SpS105.12
BVpS50.46
TBVpS46.59
PEG (NY)0.44
PEG (5Y)0.53
Graham Number75.57
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 | 2.83 |
F-Score7
WACC9.79%
ROIC/WACC0.57
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 Y38.31%
EPS Next 2Y22.48%
EPS Next 3Y13.45%
EPS Next 5Y9.16%
Revenue 1Y (TTM)2.13%
Revenue growth 3Y0.01%
Revenue growth 5Y12.72%
Sales Q2Q%-14.24%
Revenue Next Year-0.52%
Revenue Next 2Y1.5%
Revenue Next 3Y1.12%
Revenue Next 5Y1.19%
EBIT growth 1Y-9.45%
EBIT growth 3Y-20.29%
EBIT growth 5Y21.59%
EBIT Next Year70.5%
EBIT Next 3Y21.92%
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 6 / 10 to NORSK HYDRO ASA (NHY.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for NORSK HYDRO ASA?
NORSK HYDRO ASA (NHY.OL) has a profitability rating of 5 / 10.
What are the PE and PB ratios of NORSK HYDRO ASA (NHY.OL) stock?
The Price/Earnings (PE) ratio for NORSK HYDRO ASA (NHY.OL) is 16.97 and the Price/Book (PB) ratio is 1.69.
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%.