NORBIT ASA (NORBT.OL) Fundamental Analysis & Valuation

OSL:NORBT • NO0010856511

Current stock price

186 NOK
-3.4 (-1.8%)
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

  • In the past year NORBT was profitable.
  • In the past year NORBT had a positive cash flow from operations.
  • NORBT had positive earnings in each of the past 5 years.
  • 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

  • Looking at the Return On Assets, with a value of 15.35%, NORBT belongs to the top of the industry, outperforming 98.00% of the companies in the same industry.
  • The Return On Equity of NORBT (33.38%) is better than 98.00% of its industry peers.
  • The Return On Invested Capital of NORBT (23.08%) is better than 96.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NORBT is significantly above the industry average of 7.76%.
  • 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

  • Looking at the Profit Margin, with a value of 16.16%, NORBT belongs to the top of the industry, outperforming 94.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NORBT has grown nicely.
  • NORBT has a better Operating Margin (22.19%) than 96.00% of its industry peers.
  • In the last couple of years the Operating Margin of NORBT has grown nicely.
  • Looking at the Gross Margin, with a value of 55.65%, NORBT is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NORBT has remained more or less at the same level.
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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NORBT is creating value.
  • NORBT has more shares outstanding than it did 1 year ago.
  • NORBT has more shares outstanding than it did 5 years ago.
  • NORBT has a worse debt/assets ratio than last year.
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

  • NORBT has an Altman-Z score of 7.14. This indicates that NORBT is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.14, NORBT belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
  • 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 78.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.50 indicates that NORBT is not too dependend on debt financing.
  • NORBT has a worse Debt to Equity ratio (0.50) than 60.00% 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 7.14
ROIC/WACC2.77
WACC8.33%
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 (1.54) which is comparable to the rest of the industry.
  • NORBT has a Quick Ratio of 1.54. 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 0.62. This is amonst the worse of the industry: NORBT underperforms 86.00% 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

9

3. NORBT.OL Growth Analysis

3.1 Past

  • NORBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.64%, which is quite impressive.
  • NORBT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 67.45% yearly.
  • The Revenue has grown by 42.90% in the past year. This is a very strong growth!
  • Measured over the past years, NORBT shows a very strong growth in Revenue. The Revenue has been growing by 32.24% on average per year.
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

  • Based on estimates for the next years, NORBT will show a very strong growth in Earnings Per Share. The EPS will grow by 20.66% on average per year.
  • NORBT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.28% yearly.
EPS Next Y35.31%
EPS Next 2Y24.04%
EPS Next 3Y20.66%
EPS Next 5YN/A
Revenue Next Year18.33%
Revenue Next 2Y15.47%
Revenue Next 3Y15.28%
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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4

4. NORBT.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 29.43, NORBT can be considered very expensive at the moment.
  • NORBT's Price/Earnings ratio is a bit cheaper when compared to the industry. NORBT is cheaper than 70.00% of the companies in the same industry.
  • NORBT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 21.75, which indicates a rather expensive current valuation of NORBT.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NORBT is on the same level as its industry peers.
  • NORBT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.43
Fwd PE 21.75
NORBT.OL Price Earnings VS Forward Price EarningsNORBT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • NORBT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, NORBT is valued a bit more expensive than 66.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 39.68
EV/EBITDA 17.48
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 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 20.66% in the coming years.
PEG (NY)0.83
PEG (5Y)0.44
EPS Next 2Y24.04%
EPS Next 3Y20.66%

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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 2.64%.
  • Compared to an average industry Dividend Yield of 1.72, NORBT pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, NORBT pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.64%

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.
  • NORBT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP94.54%
EPS Next 2Y24.04%
EPS Next 3Y20.66%
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 (3/27/2026, 7:00:00 PM)

186

-3.4 (-1.8%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)05-12
Inst Owners26.82%
Inst Owner ChangeN/A
Ins Owners1.89%
Ins Owner ChangeN/A
Market Cap11.89B
Revenue(TTM)2.50B
Net Income(TTM)404.40M
Analysts81.67
Price Target214.88 (15.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.64%
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)1.43%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.64%
EPS NY rev (3m)-4.29%
Revenue NQ rev (1m)7.82%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)2.43%
Valuation
Industry RankSector Rank
PE 29.43
Fwd PE 21.75
P/S 4.75
P/FCF 39.68
P/OCF 23.77
P/B 9.82
P/tB 49.96
EV/EBITDA 17.48
EPS(TTM)6.32
EY3.4%
EPS(NY)8.55
Fwd EY4.6%
FCF(TTM)4.69
FCFY2.52%
OCF(TTM)7.83
OCFY4.21%
SpS39.13
BVpS18.94
TBVpS3.72
PEG (NY)0.83
PEG (5Y)0.44
Graham Number51.9
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 7.14
F-Score6
WACC8.33%
ROIC/WACC2.77
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 Y35.31%
EPS Next 2Y24.04%
EPS Next 3Y20.66%
EPS Next 5YN/A
Revenue 1Y (TTM)42.9%
Revenue growth 3Y28.94%
Revenue growth 5Y32.24%
Sales Q2Q%42.26%
Revenue Next Year18.33%
Revenue Next 2Y15.47%
Revenue Next 3Y15.28%
Revenue Next 5YN/A
EBIT growth 1Y60.75%
EBIT growth 3Y55.12%
EBIT growth 5Y65.79%
EBIT Next Year46.57%
EBIT Next 3Y24.03%
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.


Can you provide the valuation status for NORBIT ASA?

ChartMill assigns a valuation rating of 4 / 10 to NORBIT ASA (NORBT.OL). This can be considered as Fairly Valued.


How profitable is NORBIT ASA (NORBT.OL) stock?

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


What are the PE and PB ratios of NORBIT ASA (NORBT.OL) stock?

The Price/Earnings (PE) ratio for NORBIT ASA (NORBT.OL) is 29.43 and the Price/Book (PB) ratio is 9.82.


Can you provide the dividend sustainability for NORBT stock?

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