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NEKKAR ASA (NKR.OL) Stock Fundamental Analysis

OSL:NKR - Euronext Oslo - NO0003049405 - Common Stock - Currency: NOK

10.65  -0.45 (-4.05%)

Fundamental Rating

6

Taking everything into account, NKR scores 6 out of 10 in our fundamental rating. NKR was compared to 103 industry peers in the Machinery industry. NKR gets an excellent profitability rating and is at the same time showing great financial health properties. NKR has a correct valuation and a medium growth rate. This makes NKR very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year NKR was profitable.
NKR had a positive operating cash flow in the past year.
NKR had positive earnings in 4 of the past 5 years.
Of the past 5 years NKR 4 years had a positive operating cash flow.
NKR.OL Yearly Net Income VS EBIT VS OCF VS FCFNKR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M

1.2 Ratios

NKR has a better Return On Assets (12.57%) than 95.15% of its industry peers.
With an excellent Return On Equity value of 19.22%, NKR belongs to the best of the industry, outperforming 89.32% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 16.09%, NKR belongs to the top of the industry, outperforming 94.17% of the companies in the same industry.
NKR had an Average Return On Invested Capital over the past 3 years of 20.40%. This is significantly above the industry average of 8.41%.
The 3 year average ROIC (20.40%) for NKR is well above the current ROIC(16.09%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 12.57%
ROE 19.22%
ROIC 16.09%
ROA(3y)14.74%
ROA(5y)17.02%
ROE(3y)22.28%
ROE(5y)27.63%
ROIC(3y)20.4%
ROIC(5y)19.87%
NKR.OL Yearly ROA, ROE, ROICNKR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 60 80

1.3 Margins

NKR has a Profit Margin of 14.13%. This is amongst the best in the industry. NKR outperforms 93.20% of its industry peers.
NKR has a Operating Margin of 17.58%. This is amongst the best in the industry. NKR outperforms 91.26% of its industry peers.
In the last couple of years the Operating Margin of NKR has grown nicely.
The Gross Margin of NKR (47.05%) is better than 63.11% of its industry peers.
In the last couple of years the Gross Margin of NKR has grown nicely.
Industry RankSector Rank
OM 17.58%
PM (TTM) 14.13%
GM 47.05%
OM growth 3Y-5.4%
OM growth 5Y20.7%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.64%
GM growth 5Y5.8%
NKR.OL Yearly Profit, Operating, Gross MarginsNKR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

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7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NKR is creating value.
The number of shares outstanding for NKR has been reduced compared to 1 year ago.
The number of shares outstanding for NKR has been increased compared to 5 years ago.
NKR has a worse debt/assets ratio than last year.
NKR.OL Yearly Shares OutstandingNKR.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
NKR.OL Yearly Total Debt VS Total AssetsNKR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

NKR has a debt to FCF ratio of 0.35. This is a very positive value and a sign of high solvency as it would only need 0.35 years to pay back of all of its debts.
NKR's Debt to FCF ratio of 0.35 is amongst the best of the industry. NKR outperforms 96.12% of its industry peers.
NKR has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
NKR's Debt to Equity ratio of 0.02 is amongst the best of the industry. NKR outperforms 95.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Altman-Z N/A
ROIC/WACC1.87
WACC8.62%
NKR.OL Yearly LT Debt VS Equity VS FCFNKR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 3.01 indicates that NKR has no problem at all paying its short term obligations.
NKR's Current ratio of 3.01 is amongst the best of the industry. NKR outperforms 86.41% of its industry peers.
NKR has a Quick Ratio of 2.90. This indicates that NKR is financially healthy and has no problem in meeting its short term obligations.
NKR has a better Quick ratio (2.90) than 93.20% of its industry peers.
Industry RankSector Rank
Current Ratio 3.01
Quick Ratio 2.9
NKR.OL Yearly Current Assets VS Current LiabilitesNKR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

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6

3. Growth

3.1 Past

NKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 160.00%, which is quite impressive.
NKR shows a strong growth in Revenue. In the last year, the Revenue has grown by 48.41%.
NKR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.15% yearly.
EPS 1Y (TTM)160%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-3.45%
Revenue 1Y (TTM)48.41%
Revenue growth 3Y16.96%
Revenue growth 5Y21.15%
Sales Q2Q%29.21%

3.2 Future

NKR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.95% yearly.
NKR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.73% yearly.
EPS Next Y3.59%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.2%
Revenue Next 2Y13.54%
Revenue Next 3YN/A
Revenue Next 5Y11.73%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
NKR.OL Yearly Revenue VS EstimatesNKR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2027 1B 2B 3B
NKR.OL Yearly EPS VS EstimatesNKR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2024 2025 0 0.5 -0.5 -1

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5

4. Valuation

4.1 Price/Earnings Ratio

NKR is valuated correctly with a Price/Earnings ratio of 13.65.
NKR's Price/Earnings ratio is a bit cheaper when compared to the industry. NKR is cheaper than 66.99% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.10, NKR is valued rather cheaply.
NKR is valuated reasonably with a Price/Forward Earnings ratio of 11.72.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NKR indicates a somewhat cheap valuation: NKR is cheaper than 64.08% of the companies listed in the same industry.
NKR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.65
Fwd PE 11.72
NKR.OL Price Earnings VS Forward Price EarningsNKR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as NKR.
NKR's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 31.71
EV/EBITDA 8.85
NKR.OL Per share dataNKR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NKR does not grow enough to justify the current Price/Earnings ratio.
NKR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.8
PEG (5Y)N/A
EPS Next 2Y7.95%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for NKR!.
Industry RankSector Rank
Dividend Yield N/A

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NEKKAR ASA

OSL:NKR (5/5/2025, 7:00:00 PM)

10.65

-0.45 (-4.05%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners7.81%
Inst Owner ChangeN/A
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap1.14B
AnalystsN/A
Price Target16.32 (53.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 13.65
Fwd PE 11.72
P/S 1.99
P/FCF 31.71
P/OCF 21.51
P/B 2.71
P/tB 3.31
EV/EBITDA 8.85
EPS(TTM)0.78
EY7.32%
EPS(NY)0.91
Fwd EY8.54%
FCF(TTM)0.34
FCFY3.15%
OCF(TTM)0.5
OCFY4.65%
SpS5.35
BVpS3.93
TBVpS3.22
PEG (NY)3.8
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.57%
ROE 19.22%
ROCE 21.06%
ROIC 16.09%
ROICexc 30.5%
ROICexgc 43.86%
OM 17.58%
PM (TTM) 14.13%
GM 47.05%
FCFM 6.27%
ROA(3y)14.74%
ROA(5y)17.02%
ROE(3y)22.28%
ROE(5y)27.63%
ROIC(3y)20.4%
ROIC(5y)19.87%
ROICexc(3y)41.61%
ROICexc(5y)N/A
ROICexgc(3y)66.18%
ROICexgc(5y)N/A
ROCE(3y)26.7%
ROCE(5y)26%
ROICexcg growth 3YN/A
ROICexcg growth 5Y54.05%
ROICexc growth 3YN/A
ROICexc growth 5Y45.78%
OM growth 3Y-5.4%
OM growth 5Y20.7%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.64%
GM growth 5Y5.8%
F-Score7
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Debt/EBITDA 0.07
Cap/Depr 192.79%
Cap/Sales 2.98%
Interest Coverage 250
Cash Conversion 48.39%
Profit Quality 44.41%
Current Ratio 3.01
Quick Ratio 2.9
Altman-Z N/A
F-Score7
WACC8.62%
ROIC/WACC1.87
Cap/Depr(3y)309.21%
Cap/Depr(5y)361.51%
Cap/Sales(3y)4.87%
Cap/Sales(5y)4.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)160%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-3.45%
EPS Next Y3.59%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)48.41%
Revenue growth 3Y16.96%
Revenue growth 5Y21.15%
Sales Q2Q%29.21%
Revenue Next Year5.2%
Revenue Next 2Y13.54%
Revenue Next 3YN/A
Revenue Next 5Y11.73%
EBIT growth 1Y77.87%
EBIT growth 3Y10.64%
EBIT growth 5Y46.24%
EBIT Next Year-14.06%
EBIT Next 3YN/A
EBIT Next 5Y16.78%
FCF growth 1Y278.63%
FCF growth 3Y-20.98%
FCF growth 5Y-13.91%
OCF growth 1Y543.6%
OCF growth 3Y-15.69%
OCF growth 5Y-9.82%