Logo image of NORCO.OL

NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis

Europe - OSL:NORCO - NO0013052209 - Common Stock

48.25 NOK
+0.3 (+0.63%)
Last: 10/8/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, NORCO scores 5 out of 10 in our fundamental rating. NORCO was compared to 43 industry peers in the Construction & Engineering industry. NORCO has an excellent financial health rating, but there are some minor concerns on its profitability. NORCO is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

NORCO had positive earnings in the past year.
NORCO had a positive operating cash flow in the past year.
NORCO.OL Yearly Net Income VS EBIT VS OCF VS FCFNORCO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 500M 1B

1.2 Ratios

NORCO has a Return On Assets of 8.92%. This is in the better half of the industry: NORCO outperforms 79.07% of its industry peers.
The Return On Equity of NORCO (25.02%) is better than 69.77% of its industry peers.
NORCO has a better Return On Invested Capital (15.49%) than 76.74% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NORCO is above the industry average of 10.93%.
The last Return On Invested Capital (15.49%) for NORCO is above the 3 year average (14.25%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.92%
ROE 25.02%
ROIC 15.49%
ROA(3y)7.44%
ROA(5y)N/A
ROE(3y)21.57%
ROE(5y)N/A
ROIC(3y)14.25%
ROIC(5y)N/A
NORCO.OL Yearly ROA, ROE, ROICNORCO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 5 10 15 20

1.3 Margins

NORCO has a better Profit Margin (5.78%) than 60.47% of its industry peers.
In the last couple of years the Profit Margin of NORCO has remained more or less at the same level.
NORCO has a Operating Margin of 6.65%. This is comparable to the rest of the industry: NORCO outperforms 53.49% of its industry peers.
NORCO's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.65%
PM (TTM) 5.78%
GM N/A
OM growth 3Y-13.94%
OM growth 5YN/A
PM growth 3Y0.99%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NORCO.OL Yearly Profit, Operating, Gross MarginsNORCO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 2 4 6 8

More info and screens

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NORCO is creating value.
Compared to 1 year ago, NORCO has more shares outstanding
NORCO has a better debt/assets ratio than last year.
NORCO.OL Yearly Shares OutstandingNORCO.OL Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 100M 200M 300M
NORCO.OL Yearly Total Debt VS Total AssetsNORCO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

An Altman-Z score of 4.44 indicates that NORCO is not in any danger for bankruptcy at the moment.
NORCO has a better Altman-Z score (4.44) than 95.35% of its industry peers.
NORCO has a debt to FCF ratio of 1.55. This is a very positive value and a sign of high solvency as it would only need 1.55 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.55, NORCO belongs to the top of the industry, outperforming 81.40% of the companies in the same industry.
NORCO has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.47, NORCO perfoms like the industry average, outperforming 55.81% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.55
Altman-Z 4.44
ROIC/WACC1.95
WACC7.95%
NORCO.OL Yearly LT Debt VS Equity VS FCFNORCO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

A Current Ratio of 1.26 indicates that NORCO should not have too much problems paying its short term obligations.
NORCO has a better Current ratio (1.26) than 65.12% of its industry peers.
A Quick Ratio of 1.26 indicates that NORCO should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.26, NORCO is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.26
NORCO.OL Yearly Current Assets VS Current LiabilitesNORCO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 1B 2B 3B 4B

More info and screens

5

3. Growth

3.1 Past

NORCO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.66%, which is quite impressive.
Measured over the past years, NORCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.47% on average per year.
Looking at the last year, NORCO shows a quite strong growth in Revenue. The Revenue has grown by 8.65% in the last year.
NORCO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.09% yearly.
EPS 1Y (TTM)43.66%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%-47.37%
Revenue 1Y (TTM)8.65%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%2.69%

3.2 Future

The Earnings Per Share is expected to grow by 5.25% on average over the next years.
Based on estimates for the next years, NORCO will show a small growth in Revenue. The Revenue will grow by 7.33% on average per year.
EPS Next Y-10.21%
EPS Next 2Y3.03%
EPS Next 3Y5.25%
EPS Next 5YN/A
Revenue Next Year6.17%
Revenue Next 2Y8.25%
Revenue Next 3Y7.33%
Revenue Next 5YN/A

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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NORCO.OL Yearly Revenue VS EstimatesNORCO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B 10B
NORCO.OL Yearly EPS VS EstimatesNORCO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 1 2 3

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

NORCO is valuated rather expensively with a Price/Earnings ratio of 18.92.
Based on the Price/Earnings ratio, NORCO is valued a bit more expensive than the industry average as 67.44% of the companies are valued more cheaply.
NORCO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.91.
With a Price/Forward Earnings ratio of 17.06, NORCO is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NORCO indicates a slightly more expensive valuation: NORCO is more expensive than 65.12% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NORCO to the average of the S&P500 Index (23.30), we can say NORCO is valued slightly cheaper.
Industry RankSector Rank
PE 18.92
Fwd PE 17.06
NORCO.OL Price Earnings VS Forward Price EarningsNORCO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NORCO is valued a bit more expensive than the industry average as 69.77% of the companies are valued more cheaply.
NORCO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 15.23
EV/EBITDA 12.43
NORCO.OL Per share dataNORCO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.03%
EPS Next 3Y5.25%

More info and screens

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.59%, NORCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.61, NORCO pays a bit more dividend than its industry peers.
NORCO's Dividend Yield is a higher than the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 3.59%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

82.05% of the earnings are spent on dividend by NORCO. This is not a sustainable payout ratio.
DP82.05%
EPS Next 2Y3.03%
EPS Next 3Y5.25%
NORCO.OL Yearly Income VS Free CF VS DividendNORCO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 200M 400M 600M 800M 1B
NORCO.OL Dividend Payout.NORCO.OL Dividend Payout, showing the Payout Ratio.NORCO.OL Dividend Payout.PayoutRetained Earnings

More info and screens

NORCONSULT AS

OSL:NORCO (10/8/2025, 7:00:00 PM)

48.25

+0.3 (+0.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)08-20 2025-08-20/bmo
Earnings (Next)11-05 2025-11-05
Inst Owners24.55%
Inst Owner ChangeN/A
Ins Owners1.98%
Ins Owner ChangeN/A
Market Cap15.32B
Analysts81.67
Price Target54.06 (12.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.59%
Yearly Dividend1.17
Dividend Growth(5Y)N/A
DP82.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.51%
Min EPS beat(2)-8.31%
Max EPS beat(2)27.33%
EPS beat(4)3
Avg EPS beat(4)25.29%
Min EPS beat(4)-8.31%
Max EPS beat(4)52.17%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.97%
Min Revenue beat(2)3.77%
Max Revenue beat(2)12.17%
Revenue beat(4)4
Avg Revenue beat(4)8.82%
Min Revenue beat(4)3.77%
Max Revenue beat(4)12.17%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.92%
PT rev (3m)6%
EPS NQ rev (1m)11.02%
EPS NQ rev (3m)4.44%
EPS NY rev (1m)-15.21%
EPS NY rev (3m)-3.36%
Revenue NQ rev (1m)1.58%
Revenue NQ rev (3m)-1.97%
Revenue NY rev (1m)0.59%
Revenue NY rev (3m)-1.85%
Valuation
Industry RankSector Rank
PE 18.92
Fwd PE 17.06
P/S 1.42
P/FCF 15.23
P/OCF 13.28
P/B 6.14
P/tB 11.99
EV/EBITDA 12.43
EPS(TTM)2.55
EY5.28%
EPS(NY)2.83
Fwd EY5.86%
FCF(TTM)3.17
FCFY6.57%
OCF(TTM)3.63
OCFY7.53%
SpS34.01
BVpS7.85
TBVpS4.02
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 8.92%
ROE 25.02%
ROCE 18.85%
ROIC 15.49%
ROICexc 22.49%
ROICexgc 41.91%
OM 6.65%
PM (TTM) 5.78%
GM N/A
FCFM 9.32%
ROA(3y)7.44%
ROA(5y)N/A
ROE(3y)21.57%
ROE(5y)N/A
ROIC(3y)14.25%
ROIC(5y)N/A
ROICexc(3y)21.92%
ROICexc(5y)N/A
ROICexgc(3y)41.21%
ROICexgc(5y)N/A
ROCE(3y)17.33%
ROCE(5y)N/A
ROICexcg growth 3Y3.19%
ROICexcg growth 5YN/A
ROICexc growth 3Y-5.47%
ROICexc growth 5YN/A
OM growth 3Y-13.94%
OM growth 5YN/A
PM growth 3Y0.99%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover1.54
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.55
Debt/EBITDA 0.97
Cap/Depr 29.42%
Cap/Sales 1.37%
Interest Coverage 14.65
Cash Conversion 94.51%
Profit Quality 161.22%
Current Ratio 1.26
Quick Ratio 1.26
Altman-Z 4.44
F-Score8
WACC7.95%
ROIC/WACC1.95
Cap/Depr(3y)22.21%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.06%
Cap/Sales(5y)N/A
Profit Quality(3y)208.74%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)43.66%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%-47.37%
EPS Next Y-10.21%
EPS Next 2Y3.03%
EPS Next 3Y5.25%
EPS Next 5YN/A
Revenue 1Y (TTM)8.65%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%2.69%
Revenue Next Year6.17%
Revenue Next 2Y8.25%
Revenue Next 3Y7.33%
Revenue Next 5YN/A
EBIT growth 1Y40.51%
EBIT growth 3Y-3.54%
EBIT growth 5YN/A
EBIT Next Year85.46%
EBIT Next 3Y30.76%
EBIT Next 5YN/A
FCF growth 1Y14.71%
FCF growth 3Y17.62%
FCF growth 5YN/A
OCF growth 1Y17.52%
OCF growth 3Y17.66%
OCF growth 5YN/A