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NORBIT ASA (NORBT.OL) Stock Fundamental Analysis

OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK

222.5  +6.5 (+3.01%)

Fundamental Rating

8

Overall NORBT gets a fundamental rating of 8 out of 10. We evaluated NORBT against 53 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 valued quite expensively, but it does show have an excellent growth rating. This makes NORBT very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

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10

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.
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 0 100M 200M 300M 400M

1.2 Ratios

The Return On Assets of NORBT (12.76%) is better than 94.34% of its industry peers.
NORBT has a Return On Equity of 24.39%. This is amongst the best in the industry. NORBT outperforms 92.45% of its industry peers.
Looking at the Return On Invested Capital, with a value of 18.38%, NORBT belongs to the top of the industry, outperforming 96.23% of the companies in the same industry.
NORBT had an Average Return On Invested Capital over the past 3 years of 17.33%. This is significantly above the industry average of 7.60%.
The 3 year average ROIC (17.33%) for NORBT is below the current ROIC(18.38%), indicating increased profibility in the last year.
Industry RankSector 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%
NORBT.OL Yearly ROA, ROE, ROICNORBT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

NORBT's Profit Margin of 16.20% is amongst the best of the industry. NORBT outperforms 96.23% of its industry peers.
NORBT's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 23.08%, NORBT belongs to the best of the industry, outperforming 96.23% of the companies in the same industry.
NORBT's Operating Margin has improved in the last couple of years.
The Gross Margin of NORBT (61.99%) is better than 83.02% of its industry peers.
NORBT's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
NORBT.OL Yearly Profit, Operating, Gross MarginsNORBT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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7

2. Health

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.
Compared to 5 years ago, NORBT has more shares outstanding
Compared to 1 year ago, NORBT has a worse debt to assets ratio.
NORBT.OL Yearly Shares OutstandingNORBT.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 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 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 9.34 indicates that NORBT is not in any danger for bankruptcy at the moment.
NORBT has a better Altman-Z score (9.34) than 96.23% 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 83.02% of its industry peers.
A Debt/Equity ratio of 0.41 indicates that NORBT is not too dependend on debt financing.
NORBT has a Debt to Equity ratio (0.41) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.68
Altman-Z 9.34
ROIC/WACC2.16
WACC8.51%
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 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.93 indicates that NORBT should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.93, NORBT is doing good in the industry, outperforming 60.38% of the companies in the same industry.
A Quick Ratio of 0.97 indicates that NORBT may have some problems paying its short term obligations.
NORBT has a Quick ratio (0.97) which is in line with 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 RankSector Rank
Current Ratio 1.93
Quick Ratio 0.97
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 200M 400M 600M 800M

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10

3. Growth

3.1 Past

NORBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 76.19%, which is quite impressive.
The Earnings Per Share has been growing by 22.16% 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 20.82%.
NORBT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.25% yearly.
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
Based on estimates for the next years, NORBT will show a very strong growth in Revenue. The Revenue will grow by 23.36% on average per year.
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y30.82%
Revenue Next Year34.15%
Revenue Next 2Y23.07%
Revenue Next 3Y19.14%
Revenue Next 5Y23.36%

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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last 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. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 46.26, the valuation of NORBT can be described as expensive.
NORBT's Price/Earnings ratio is in line with the industry average.
NORBT is valuated expensively when we compare the Price/Earnings ratio to 27.18, which is the current average of the S&P500 Index.
NORBT is valuated quite expensively with a Price/Forward Earnings ratio of 30.99.
NORBT's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of NORBT to the average of the S&P500 Index (35.34), we can say NORBT is valued inline with the index average.
Industry RankSector Rank
PE 46.26
Fwd PE 30.99
NORBT.OL Price Earnings VS Forward Price EarningsNORBT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NORBT is valued a bit more expensive than the industry average as 62.26% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, NORBT is valued a bit more expensive than 60.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 44.87
EV/EBITDA 24.91
NORBT.OL Per share dataNORBT.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
NORBT's earnings are expected to grow with 28.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.84
PEG (5Y)2.09
EPS Next 2Y35.5%
EPS Next 3Y28.16%

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4

5. Dividend

5.1 Amount

NORBT has a Yearly Dividend Yield of 1.46%.
Compared to an average industry Dividend Yield of 2.72, NORBT has a dividend in line with its industry peers.
NORBT's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 1.46%

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 50.50% of its income as dividend. 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%
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 0 100M 200M
NORBT.OL Dividend Payout.NORBT.OL Dividend Payout, showing the Payout Ratio.NORBT.OL Dividend Payout.PayoutRetained Earnings

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NORBIT ASA

OSL:NORBT (7/16/2025, 2:01:54 PM)

222.5

+6.5 (+3.01%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-14 2025-05-14/bmo
Earnings (Next)N/A N/A
Inst Owners19.3%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap14.23B
Analysts84
Price Target198.9 (-10.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.46%
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)44.44%
EPS NQ rev (1m)27.56%
EPS NQ rev (3m)29.39%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.7%
Revenue NQ rev (3m)37.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5%
Valuation
Industry RankSector Rank
PE 46.26
Fwd PE 30.99
P/S 7.61
P/FCF 44.87
P/OCF 29.74
P/B 11.46
P/tB 43.77
EV/EBITDA 24.91
EPS(TTM)4.81
EY2.16%
EPS(NY)7.18
Fwd EY3.23%
FCF(TTM)4.96
FCFY2.23%
OCF(TTM)7.48
OCFY3.36%
SpS29.22
BVpS19.41
TBVpS5.08
PEG (NY)0.84
PEG (5Y)2.09
Profitability
Industry RankSector 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 RankSector 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 9.34
F-Score6
WACC8.51%
ROIC/WACC2.16
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 Year34.15%
Revenue Next 2Y23.07%
Revenue Next 3Y19.14%
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%