NORBIT ASA (NORBT.OL) Fundamental Analysis & Valuation

OSL:NORBT • NO0010856511

Current stock price

231.6 NOK
-6 (-2.53%)
Last:

This NORBT.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. NORBT.OL Profitability Analysis

1.1 Basic Checks

  • NORBT had positive earnings in the past year.
  • NORBT had a positive operating cash flow in the past year.
  • Each year in the past 5 years NORBT has been profitable.
  • In the past 5 years NORBT always reported a positive cash flow from operatings.
NORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFNORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

1.2 Ratios

  • NORBT's Return On Assets of 15.35% is amongst the best of the industry. NORBT outperforms 97.87% of its industry peers.
  • NORBT has a better Return On Equity (33.38%) than 100.00% of its industry peers.
  • The Return On Invested Capital of NORBT (23.08%) is better than 97.87% of its industry peers.
  • NORBT had an Average Return On Invested Capital over the past 3 years of 20.37%. This is significantly above the industry average of 7.73%.
  • The last Return On Invested Capital (23.08%) for NORBT is above the 3 year average (20.37%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 15.35%
ROE 33.38%
ROIC 23.08%
ROA(3y)12.95%
ROA(5y)10.5%
ROE(3y)25.92%
ROE(5y)21.03%
ROIC(3y)20.37%
ROIC(5y)16.77%
NORBT.OL Yearly ROA, ROE, ROICNORBT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • NORBT's Profit Margin of 16.16% is amongst the best of the industry. NORBT outperforms 95.74% of its industry peers.
  • In the last couple of years the Profit Margin of NORBT has grown nicely.
  • With an excellent Operating Margin value of 22.19%, NORBT belongs to the best of the industry, outperforming 95.74% of the companies in the same industry.
  • NORBT's Operating Margin has improved in the last couple of years.
  • NORBT's Gross Margin of 55.65% is fine compared to the rest of the industry. NORBT outperforms 72.34% of its industry peers.
  • NORBT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.19%
PM (TTM) 16.16%
GM 55.65%
OM growth 3Y20.31%
OM growth 5Y25.37%
PM growth 3Y20.91%
PM growth 5Y29.65%
GM growth 3Y1.68%
GM growth 5Y1.09%
NORBT.OL Yearly Profit, Operating, Gross MarginsNORBT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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6

2. NORBT.OL Health Analysis

2.1 Basic Checks

  • NORBT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, NORBT has more shares outstanding
  • The number of shares outstanding for NORBT has been increased compared to 5 years ago.
  • The debt/assets ratio for NORBT is higher compared to a year ago.
NORBT.OL Yearly Shares OutstandingNORBT.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
NORBT.OL Yearly Total Debt VS Total AssetsNORBT.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 8.53 indicates that NORBT is not in any danger for bankruptcy at the moment.
  • NORBT has a better Altman-Z score (8.53) than 91.49% of its industry peers.
  • The Debt to FCF ratio of NORBT is 2.39, which is a good value as it means it would take NORBT, 2.39 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.39, NORBT is in the better half of the industry, outperforming 76.60% of the companies in the same industry.
  • NORBT has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
  • NORBT has a Debt to Equity ratio of 0.50. This is in the lower half of the industry: NORBT underperforms 65.96% of its industry peers.
  • Although NORBT's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.39
Altman-Z 8.53
ROIC/WACC2.75
WACC8.38%
NORBT.OL Yearly LT Debt VS Equity VS FCFNORBT.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.54 indicates that NORBT should not have too much problems paying its short term obligations.
  • NORBT has a Current ratio of 1.54. This is comparable to the rest of the industry: NORBT outperforms 40.43% of its industry peers.
  • A Quick Ratio of 0.62 indicates that NORBT may have some problems paying its short term obligations.
  • The Quick ratio of NORBT (0.62) is worse than 87.23% of its industry peers.
  • NORBT does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.54
Quick Ratio 0.62
NORBT.OL Yearly Current Assets VS Current LiabilitesNORBT.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. NORBT.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 61.64% over the past year.
  • The Earnings Per Share has been growing by 67.45% on average over the past years. This is a very strong growth
  • NORBT shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.90%.
  • NORBT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.24% yearly.
EPS 1Y (TTM)61.64%
EPS 3Y51.71%
EPS 5Y67.45%
EPS Q2Q%23.49%
Revenue 1Y (TTM)42.9%
Revenue growth 3Y28.94%
Revenue growth 5Y32.24%
Sales Q2Q%42.26%

3.2 Future

  • NORBT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.65% yearly.
  • Based on estimates for the next years, NORBT will show a quite strong growth in Revenue. The Revenue will grow by 15.36% on average per year.
EPS Next Y36.41%
EPS Next 2Y25.05%
EPS Next 3Y19.65%
EPS Next 5YN/A
Revenue Next Year20.87%
Revenue Next 2Y17.15%
Revenue Next 3Y15.36%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • 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.
NORBT.OL Yearly Revenue VS EstimatesNORBT.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
NORBT.OL Yearly EPS VS EstimatesNORBT.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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3

4. NORBT.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 36.65, the valuation of NORBT can be described as expensive.
  • Based on the Price/Earnings ratio, NORBT is valued a bit cheaper than the industry average as 61.70% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.35. NORBT is valued slightly more expensive when compared to this.
  • With a Price/Forward Earnings ratio of 26.86, NORBT can be considered very expensive at the moment.
  • NORBT's Price/Forward Earnings ratio is in line with the industry average.
  • NORBT's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.23.
Industry RankSector Rank
PE 36.65
Fwd PE 26.86
NORBT.OL Price Earnings VS Forward Price EarningsNORBT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • NORBT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NORBT indicates a slightly more expensive valuation: NORBT is more expensive than 70.21% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 49.4
EV/EBITDA 22.12
NORBT.OL Per share dataNORBT.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of NORBT may justify a higher PE ratio.
  • NORBT's earnings are expected to grow with 19.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)0.54
EPS Next 2Y25.05%
EPS Next 3Y19.65%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NORBT.OL Dividend Analysis

5.1 Amount

  • NORBT has a Yearly Dividend Yield of 2.11%. Purely for dividend investing, there may be better candidates out there.
  • NORBT's Dividend Yield is a higher than the industry average which is at 1.61.
  • NORBT's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.11%

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 94.54% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of NORBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.54%
EPS Next 2Y25.05%
EPS Next 3Y19.65%
NORBT.OL Yearly Income VS Free CF VS DividendNORBT.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M
NORBT.OL Dividend Payout.NORBT.OL Dividend Payout, showing the Payout Ratio.NORBT.OL Dividend Payout.PayoutRetained Earnings

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NORBT.OL Fundamentals: All Metrics, Ratios and Statistics

NORBIT ASA

OSL:NORBT (4/27/2026, 4:19:45 PM)

231.6

-6 (-2.53%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)05-20
Inst Owners27.43%
Inst Owner ChangeN/A
Ins Owners1.89%
Ins Owner ChangeN/A
Market Cap14.81B
Revenue(TTM)2.50B
Net Income(TTM)404.40M
Analysts81.67
Price Target214.88 (-7.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
Yearly Dividend6
Dividend Growth(5Y)5.27%
DP94.54%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-28.07%
Min EPS beat(2)-29.3%
Max EPS beat(2)-26.85%
EPS beat(4)1
Avg EPS beat(4)-8.23%
Min EPS beat(4)-29.3%
Max EPS beat(4)24.7%
EPS beat(8)2
Avg EPS beat(8)-7.66%
EPS beat(12)5
Avg EPS beat(12)-1.7%
EPS beat(16)7
Avg EPS beat(16)-0.49%
Revenue beat(2)0
Avg Revenue beat(2)-7.66%
Min Revenue beat(2)-9.59%
Max Revenue beat(2)-5.73%
Revenue beat(4)0
Avg Revenue beat(4)-6.29%
Min Revenue beat(4)-9.59%
Max Revenue beat(4)-1.75%
Revenue beat(8)1
Avg Revenue beat(8)-5.35%
Revenue beat(12)3
Avg Revenue beat(12)-2.1%
Revenue beat(16)6
Avg Revenue beat(16)-0.26%
PT rev (1m)2.27%
PT rev (3m)-8.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.81%
EPS NY rev (3m)1.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.14%
Revenue NY rev (3m)4.62%
Valuation
Industry RankSector Rank
PE 36.65
Fwd PE 26.86
P/S 5.92
P/FCF 49.4
P/OCF 29.59
P/B 12.23
P/tB 62.2
EV/EBITDA 22.12
EPS(TTM)6.32
EY2.73%
EPS(NY)8.62
Fwd EY3.72%
FCF(TTM)4.69
FCFY2.02%
OCF(TTM)7.83
OCFY3.38%
SpS39.13
BVpS18.94
TBVpS3.72
PEG (NY)1.01
PEG (5Y)0.54
Graham Number51.9029 (-77.59%)
Profitability
Industry RankSector Rank
ROA 15.35%
ROE 33.38%
ROCE 30.13%
ROIC 23.08%
ROICexc 25.26%
ROICexgc 59.83%
OM 22.19%
PM (TTM) 16.16%
GM 55.65%
FCFM 11.98%
ROA(3y)12.95%
ROA(5y)10.5%
ROE(3y)25.92%
ROE(5y)21.03%
ROIC(3y)20.37%
ROIC(5y)16.77%
ROICexc(3y)22.26%
ROICexc(5y)18.06%
ROICexgc(3y)49.46%
ROICexgc(5y)38.53%
ROCE(3y)26.59%
ROCE(5y)21.88%
ROICexgc growth 3Y29.13%
ROICexgc growth 5Y38.01%
ROICexc growth 3Y18.63%
ROICexc growth 5Y27.64%
OM growth 3Y20.31%
OM growth 5Y25.37%
PM growth 3Y20.91%
PM growth 5Y29.65%
GM growth 3Y1.68%
GM growth 5Y1.09%
F-Score6
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.39
Debt/EBITDA 0.85
Cap/Depr 127.92%
Cap/Sales 8.02%
Interest Coverage 250
Cash Conversion 70.27%
Profit Quality 74.13%
Current Ratio 1.54
Quick Ratio 0.62
Altman-Z 8.53
F-Score6
WACC8.38%
ROIC/WACC2.75
Cap/Depr(3y)112.03%
Cap/Depr(5y)111.74%
Cap/Sales(3y)7.76%
Cap/Sales(5y)8.27%
Profit Quality(3y)106.97%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)61.64%
EPS 3Y51.71%
EPS 5Y67.45%
EPS Q2Q%23.49%
EPS Next Y36.41%
EPS Next 2Y25.05%
EPS Next 3Y19.65%
EPS Next 5YN/A
Revenue 1Y (TTM)42.9%
Revenue growth 3Y28.94%
Revenue growth 5Y32.24%
Sales Q2Q%42.26%
Revenue Next Year20.87%
Revenue Next 2Y17.15%
Revenue Next 3Y15.36%
Revenue Next 5YN/A
EBIT growth 1Y60.75%
EBIT growth 3Y55.12%
EBIT growth 5Y65.79%
EBIT Next Year48.21%
EBIT Next 3Y22.92%
EBIT Next 5YN/A
FCF growth 1Y4.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.15%
OCF growth 3Y80.08%
OCF growth 5Y40.29%

NORBIT ASA / NORBT.OL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NORBIT ASA (NORBT.OL) stock?

ChartMill assigns a fundamental rating of 7 / 10 to NORBT.OL.


What is the valuation status of NORBIT ASA (NORBT.OL) stock?

ChartMill assigns a valuation rating of 3 / 10 to NORBIT ASA (NORBT.OL). This can be considered as Overvalued.


What is the profitability of NORBT stock?

NORBIT ASA (NORBT.OL) has a profitability rating of 9 / 10.


Can you provide the financial health for NORBT stock?

The financial health rating of NORBIT ASA (NORBT.OL) is 6 / 10.


How sustainable is the dividend of NORBIT ASA (NORBT.OL) stock?

The dividend rating of NORBIT ASA (NORBT.OL) is 4 / 10 and the dividend payout ratio is 94.54%.