NORBIT ASA (NORBT.OL) Stock Fundamental Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
Taking everything into account, NORBT scores 8 out of 10 in our fundamental rating. NORBT was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. Both the health and profitability get an excellent rating, making NORBT a very profitable company, without any liquidiy or solvency issues. NORBT is not overvalued while it is showing excellent growth. This is an interesting combination. This makes NORBT very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
NORBT had positive earnings in the past year.
In the past year NORBT had a positive cash flow from operations.
In the past 5 years NORBT has always been profitable.
Each year in the past 5 years NORBT had a positive operating cash flow.
1.2 Ratios
NORBT has a better Return On Assets (12.76%) than 96.08% of its industry peers.
NORBT has a Return On Equity of 24.39%. This is amongst the best in the industry. NORBT outperforms 94.12% of its industry peers.
The Return On Invested Capital of NORBT (18.38%) is better than 98.04% of its industry peers.
NORBT had an Average Return On Invested Capital over the past 3 years of 17.33%. This is significantly above the industry average of 6.96%.
The last Return On Invested Capital (18.38%) for NORBT is above the 3 year average (17.33%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.76% | ||
| ROE | 24.39% | ||
| ROIC | 18.38% |
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
1.3 Margins
NORBT's Profit Margin of 16.20% is amongst the best of the industry. NORBT outperforms 96.08% of its industry peers.
In the last couple of years the Profit Margin of NORBT has grown nicely.
Looking at the Operating Margin, with a value of 23.08%, NORBT belongs to the top of the industry, outperforming 96.08% of the companies in the same industry.
NORBT's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 61.99%, NORBT belongs to the top of the industry, outperforming 80.39% of the companies in the same industry.
NORBT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.08% | ||
| PM (TTM) | 16.2% | ||
| GM | 61.99% |
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.
NORBT has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.09 indicates that NORBT is not in any danger for bankruptcy at the moment.
NORBT has a Altman-Z score of 9.09. This is amongst the best in the industry. NORBT outperforms 90.20% of its industry peers.
NORBT has a debt to FCF ratio of 1.68. This is a very positive value and a sign of high solvency as it would only need 1.68 years to pay back of all of its debts.
The Debt to FCF ratio of NORBT (1.68) is better than 84.31% of its industry peers.
NORBT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.41, NORBT is in line with its industry, outperforming 49.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.68 | ||
| Altman-Z | 9.09 |
ROIC/WACC2.17
WACC8.46%
2.3 Liquidity
A Current Ratio of 1.93 indicates that NORBT should not have too much problems paying its short term obligations.
The Current ratio of NORBT (1.93) is better than 66.67% of its industry peers.
NORBT has a Quick Ratio of 1.93. This is a bad value and indicates that NORBT is not financially healthy enough and could expect problems in meeting its short term obligations.
NORBT has a Quick ratio of 0.97. This is comparable to the rest of the industry: NORBT outperforms 49.02% of its industry peers.
The current and quick ratio evaluation for NORBT is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 76.19% 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.
The Revenue has grown by 20.82% in the past year. This is a very strong growth!
The Revenue has been growing by 21.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)76.19%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%180%
Revenue 1Y (TTM)20.82%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%29.01%
3.2 Future
The Earnings Per Share is expected to grow by 30.82% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 23.36% on average over the next years. This is a very strong growth
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y30.82%
Revenue Next Year47.97%
Revenue Next 2Y29.99%
Revenue Next 3Y23.76%
Revenue Next 5Y23.36%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 42.00, the valuation of NORBT can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of NORBT indicates a somewhat cheap valuation: NORBT is cheaper than 60.78% of the companies listed in the same industry.
NORBT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.03.
The Price/Forward Earnings ratio is 28.14, which means the current valuation is very expensive for NORBT.
NORBT's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.28. NORBT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42 | ||
| Fwd PE | 28.14 |
4.2 Price Multiples
62.75% of the companies in the same industry are cheaper than NORBT, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NORBT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.74 | ||
| EV/EBITDA | 24.07 |
4.3 Compensation for Growth
NORBT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NORBT has an outstanding profitability rating, which 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)0.76
PEG (5Y)1.9
EPS Next 2Y35.5%
EPS Next 3Y28.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.45%, NORBT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.92, NORBT has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.40, NORBT is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
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
50.50% of the earnings are spent on dividend by NORBT. This is a bit on the high side, but may be sustainable.
The dividend of NORBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.5%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
OSL:NORBT (8/6/2025, 2:05:22 PM)
202
-6.5 (-3.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners19.3%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap12.92B
Analysts84
Price Target198.9 (-1.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP50.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.75%
Min EPS beat(2)-5.2%
Max EPS beat(2)24.7%
EPS beat(4)2
Avg EPS beat(4)7.8%
Min EPS beat(4)-38.62%
Max EPS beat(4)50.33%
EPS beat(8)4
Avg EPS beat(8)0.21%
EPS beat(12)7
Avg EPS beat(12)4.93%
EPS beat(16)8
Avg EPS beat(16)6.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.1%
Min Revenue beat(2)-2.46%
Max Revenue beat(2)-1.75%
Revenue beat(4)1
Avg Revenue beat(4)-4.48%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)1.42%
Revenue beat(8)2
Avg Revenue beat(8)-2.05%
Revenue beat(12)5
Avg Revenue beat(12)1.4%
Revenue beat(16)8
Avg Revenue beat(16)1.8%
PT rev (1m)0%
PT rev (3m)30%
EPS NQ rev (1m)12.47%
EPS NQ rev (3m)45.52%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)37.32%
Revenue NY rev (1m)10.31%
Revenue NY rev (3m)11.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42 | ||
| Fwd PE | 28.14 | ||
| P/S | 6.91 | ||
| P/FCF | 40.74 | ||
| P/OCF | 27 | ||
| P/B | 10.41 | ||
| P/tB | 39.74 | ||
| EV/EBITDA | 24.07 |
EPS(TTM)4.81
EY2.38%
EPS(NY)7.18
Fwd EY3.55%
FCF(TTM)4.96
FCFY2.45%
OCF(TTM)7.48
OCFY3.7%
SpS29.22
BVpS19.41
TBVpS5.08
PEG (NY)0.76
PEG (5Y)1.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.76% | ||
| ROE | 24.39% | ||
| ROCE | 24.23% | ||
| ROIC | 18.38% | ||
| ROICexc | 21.26% | ||
| ROICexgc | 52.57% | ||
| OM | 23.08% | ||
| PM (TTM) | 16.2% | ||
| GM | 61.99% | ||
| FCFM | 16.97% |
ROA(3y)10.75%
ROA(5y)8.25%
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)38.39%
ROICexgc(5y)28.66%
ROCE(3y)22.85%
ROCE(5y)17.76%
ROICexcg growth 3Y38.91%
ROICexcg growth 5Y14.38%
ROICexc growth 3Y27.68%
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-Score6
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.68 | ||
| Debt/EBITDA | 0.9 | ||
| Cap/Depr | 119.57% | ||
| Cap/Sales | 8.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.49% | ||
| Profit Quality | 104.72% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 9.09 |
F-Score6
WACC8.46%
ROIC/WACC2.17
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)76.19%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%180%
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y30.82%
Revenue 1Y (TTM)20.82%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%29.01%
Revenue Next Year47.97%
Revenue Next 2Y29.99%
Revenue Next 3Y23.76%
Revenue Next 5Y23.36%
EBIT growth 1Y74.83%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year112.03%
EBIT Next 3Y38.97%
EBIT Next 5YN/A
FCF growth 1Y252.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y169.37%
OCF growth 3Y108.27%
OCF growth 5Y59.9%