NORBIT ASA (NORBT.OL) Stock Fundamental Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
NORBT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 48 industry peers in the Electronic Equipment, Instruments & Components industry. NORBT gets an excellent profitability rating and is at the same time showing great financial health properties. NORBT is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, NORBT could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year NORBT was profitable.
NORBT had a positive operating cash flow in the past year.
Each year in the past 5 years NORBT has been profitable.
NORBT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NORBT's Return On Assets of 11.13% is amongst the best of the industry. NORBT outperforms 95.83% of its industry peers.
NORBT has a better Return On Equity (21.02%) than 91.67% of its industry peers.
NORBT has a Return On Invested Capital of 15.32%. This is amongst the best in the industry. NORBT outperforms 95.83% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NORBT is significantly above the industry average of 6.99%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.13% | ||
| ROE | 21.02% | ||
| ROIC | 15.32% |
ROA(3y)10.75%
ROA(5y)8.24%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
1.3 Margins
NORBT's Profit Margin of 13.89% is amongst the best of the industry. NORBT outperforms 97.92% of its industry peers.
NORBT's Profit Margin has improved in the last couple of years.
The Operating Margin of NORBT (19.70%) is better than 95.83% of its industry peers.
NORBT's Operating Margin has improved in the last couple of years.
NORBT's Gross Margin of 59.76% is fine compared to the rest of the industry. NORBT outperforms 77.08% of its industry peers.
NORBT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.7% | ||
| PM (TTM) | 13.89% | ||
| GM | 59.76% |
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NORBT is creating value.
The number of shares outstanding for NORBT has been increased compared to 1 year ago.
NORBT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NORBT is higher compared to a year ago.
2.2 Solvency
NORBT has an Altman-Z score of 7.29. This indicates that NORBT is financially healthy and has little risk of bankruptcy at the moment.
NORBT's Altman-Z score of 7.29 is amongst the best of the industry. NORBT outperforms 91.67% of its industry peers.
The Debt to FCF ratio of NORBT is 1.89, which is an excellent value as it means it would take NORBT, only 1.89 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NORBT (1.89) is better than 81.25% of its industry peers.
NORBT has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
NORBT has a Debt to Equity ratio (0.45) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.89 | ||
| Altman-Z | 7.29 |
ROIC/WACC1.81
WACC8.46%
2.3 Liquidity
A Current Ratio of 2.03 indicates that NORBT has no problem at all paying its short term obligations.
NORBT has a better Current ratio (2.03) than 64.58% of its industry peers.
NORBT has a Quick Ratio of 1.12. This is a normal value and indicates that NORBT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of NORBT (1.12) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 25.72% over the past year.
Measured over the past years, NORBT shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.16% on average per year.
Looking at the last year, NORBT shows a quite strong growth in Revenue. The Revenue has grown by 15.30% in the last year.
The Revenue has been growing by 21.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)25.72%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%133.8%
Revenue 1Y (TTM)15.3%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%40.43%
3.2 Future
NORBT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.79% yearly.
The Revenue is expected to grow by 15.68% on average over the next years. This is quite good.
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y23.79%
Revenue Next Year32.82%
Revenue Next 2Y21.87%
Revenue Next 3Y31.03%
Revenue Next 5Y15.68%
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 stable.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 38.16 indicates a quite expensive valuation of NORBT.
NORBT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 24.29. NORBT is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 24.57 indicates a rather expensive valuation of NORBT.
NORBT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NORBT is cheaper than 60.42% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, NORBT is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.16 | ||
| Fwd PE | 24.57 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NORBT is on the same level as its industry peers.
NORBT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.22 | ||
| EV/EBITDA | 19.99 |
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.
The excellent profitability rating of NORBT may justify a higher PE ratio.
A more expensive valuation may be justified as NORBT's earnings are expected to grow with 28.16% in the coming years.
PEG (NY)0.69
PEG (5Y)1.72
EPS Next 2Y35.5%
EPS Next 3Y28.16%
5. Dividend
5.1 Amount
NORBT has a Yearly Dividend Yield of 2.12%.
Compared to an average industry Dividend Yield of 3.23, NORBT pays a bit more dividend than its industry peers.
NORBT's Dividend Yield is comparable with the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
5.2 History
The dividend of NORBT has a limited annual growth rate of 5.27%.
Dividend Growth(5Y)5.27%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NORBT pays out 62.84% of its income as dividend. This is not a sustainable payout ratio.
NORBT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.84%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
OSL:NORBT (5/6/2025, 7:00:00 PM)
149.2
+4.8 (+3.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners18.24%
Inst Owner ChangeN/A
Ins Owners2.28%
Ins Owner ChangeN/A
Market Cap9.51B
Analysts84
Price Target153 (2.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP62.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.91%
Min EPS beat(2)-38.62%
Max EPS beat(2)-5.2%
EPS beat(4)1
Avg EPS beat(4)-7.08%
Min EPS beat(4)-38.62%
Max EPS beat(4)50.33%
EPS beat(8)4
Avg EPS beat(8)1.57%
EPS beat(12)6
Avg EPS beat(12)2.09%
EPS beat(16)7
Avg EPS beat(16)-2.59%
Revenue beat(2)0
Avg Revenue beat(2)-8.8%
Min Revenue beat(2)-15.14%
Max Revenue beat(2)-2.46%
Revenue beat(4)1
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)1.42%
Revenue beat(8)3
Avg Revenue beat(8)0%
Revenue beat(12)6
Avg Revenue beat(12)1.75%
Revenue beat(16)8
Avg Revenue beat(16)0.91%
PT rev (1m)11.11%
PT rev (3m)30.43%
EPS NQ rev (1m)-0.91%
EPS NQ rev (3m)41.56%
EPS NY rev (1m)0%
EPS NY rev (3m)8.66%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.95%
Revenue NY rev (3m)5.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.16 | ||
| Fwd PE | 24.57 | ||
| P/S | 5.43 | ||
| P/FCF | 33.22 | ||
| P/OCF | 22.07 | ||
| P/B | 8.22 | ||
| P/tB | 39.47 | ||
| EV/EBITDA | 19.99 |
EPS(TTM)3.91
EY2.62%
EPS(NY)6.07
Fwd EY4.07%
FCF(TTM)4.49
FCFY3.01%
OCF(TTM)6.76
OCFY4.53%
SpS27.47
BVpS18.15
TBVpS3.78
PEG (NY)0.69
PEG (5Y)1.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.13% | ||
| ROE | 21.02% | ||
| ROCE | 20.19% | ||
| ROIC | 15.32% | ||
| ROICexc | 17.27% | ||
| ROICexgc | 43.7% | ||
| OM | 19.7% | ||
| PM (TTM) | 13.89% | ||
| GM | 59.76% | ||
| FCFM | 16.35% |
ROA(3y)10.75%
ROA(5y)8.24%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
ROICexc(3y)18.7%
ROICexc(5y)14.35%
ROICexgc(3y)38.4%
ROICexgc(5y)28.67%
ROCE(3y)22.85%
ROCE(5y)17.76%
ROICexcg growth 3Y38.94%
ROICexcg growth 5Y14.4%
ROICexc growth 3Y27.69%
ROICexc growth 5Y2.09%
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
F-Score5
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.89 | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 109.3% | ||
| Cap/Sales | 8.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | 117.67% | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 7.29 |
F-Score5
WACC8.46%
ROIC/WACC1.81
Cap/Depr(3y)104.85%
Cap/Depr(5y)141.79%
Cap/Sales(3y)7.72%
Cap/Sales(5y)11.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25.72%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%133.8%
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y23.79%
Revenue 1Y (TTM)15.3%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%40.43%
Revenue Next Year32.82%
Revenue Next 2Y21.87%
Revenue Next 3Y31.03%
Revenue Next 5Y15.68%
EBIT growth 1Y21.44%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year93.77%
EBIT Next 3Y34.13%
EBIT Next 5YN/A
FCF growth 1Y19.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.61%
OCF growth 3Y108.27%
OCF growth 5Y59.9%