Logo image of NORCO.OL

NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis

OSL:NORCO - Euronext Oslo - NO0013052209 - Common Stock - Currency: NOK

47.85  +0.85 (+1.81%)

Fundamental Rating

4

Taking everything into account, NORCO scores 4 out of 10 in our fundamental rating. NORCO was compared to 43 industry peers in the Construction & Engineering industry. NORCO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, NORCO is valued expensive at the moment.


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

Looking at the Return On Assets, with a value of 6.96%, NORCO belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
NORCO has a better Return On Equity (19.55%) than 69.05% of its industry peers.
NORCO has a better Return On Invested Capital (11.90%) than 71.43% of its industry peers.
NORCO had an Average Return On Invested Capital over the past 3 years of 14.25%. This is above the industry average of 10.72%.
Industry RankSector Rank
ROA 6.96%
ROE 19.55%
ROIC 11.9%
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

With a decent Profit Margin value of 4.75%, NORCO is doing good in the industry, outperforming 64.29% of the companies in the same industry.
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 (5.46%) which is in line with its industry peers.
In the last couple of years the Operating Margin of NORCO has declined.
Industry RankSector Rank
OM 5.46%
PM (TTM) 4.75%
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

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NORCO is still creating some value.
The number of shares outstanding for NORCO has been increased compared to 1 year ago.
Compared to 1 year ago, NORCO has an improved debt to assets ratio.
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 4.23 indicates that NORCO is not in any danger for bankruptcy at the moment.
NORCO has a Altman-Z score of 4.23. This is amongst the best in the industry. NORCO outperforms 95.24% of its industry peers.
NORCO has a debt to FCF ratio of 1.15. This is a very positive value and a sign of high solvency as it would only need 1.15 years to pay back of all of its debts.
NORCO's Debt to FCF ratio of 1.15 is amongst the best of the industry. NORCO outperforms 95.24% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that NORCO is not too dependend on debt financing.
NORCO has a Debt to Equity ratio (0.49) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 1.15
Altman-Z 4.23
ROIC/WACC1.4
WACC8.48%
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

NORCO has a Current Ratio of 1.29. This is a normal value and indicates that NORCO is financially healthy and should not expect problems in meeting its short term obligations.
NORCO has a better Current ratio (1.29) than 66.67% of its industry peers.
A Quick Ratio of 1.29 indicates that NORCO should not have too much problems paying its short term obligations.
NORCO has a Quick ratio of 1.29. This is in the better half of the industry: NORCO outperforms 76.19% of its industry peers.
Industry RankSector Rank
Current Ratio 1.29
Quick Ratio 1.29
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

4

3. Growth

3.1 Past

The earnings per share for NORCO have decreased by -7.70% in the last year.
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.
The Revenue has grown by 8.85% in the past year. This is quite good.
Measured over the past years, NORCO shows a quite strong growth in Revenue. The Revenue has been growing by 12.09% on average per year.
EPS 1Y (TTM)-7.7%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%39.03%
Revenue 1Y (TTM)8.85%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%7.19%

3.2 Future

NORCO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.00% yearly.
The Revenue is expected to grow by 6.91% on average over the next years.
EPS Next Y-7.09%
EPS Next 2Y0.63%
EPS Next 3Y3%
EPS Next 5YN/A
Revenue Next Year8.08%
Revenue Next 2Y7.33%
Revenue Next 3Y6.91%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 0.5 1 1.5 2 2.5

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.99, NORCO is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of NORCO indicates a slightly more expensive valuation: NORCO is more expensive than 61.90% of the companies listed in the same industry.
NORCO is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
NORCO is valuated rather expensively with a Price/Forward Earnings ratio of 19.32.
Based on the Price/Forward Earnings ratio, NORCO is valued a bit more expensive than 71.43% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NORCO to the average of the S&P500 Index (20.81), we can say NORCO is valued inline with the index average.
Industry RankSector Rank
PE 17.99
Fwd PE 19.32
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NORCO indicates a slightly more expensive valuation: NORCO is more expensive than 66.67% of the companies listed in the same industry.
NORCO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 10.74
EV/EBITDA 13.64
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 2Y0.63%
EPS Next 3Y3%

More info and screens

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.62%, NORCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.58, NORCO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, NORCO pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.62%

5.2 History

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

5.3 Sustainability

69.29% of the earnings are spent on dividend by NORCO. This is not a sustainable payout ratio.
DP69.29%
EPS Next 2Y0.63%
EPS Next 3Y3%
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 (5/2/2025, 7:00:00 PM)

47.85

+0.85 (+1.81%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-18 2025-02-18/bmo
Earnings (Next)05-14 2025-05-14
Inst Owners24.74%
Inst Owner ChangeN/A
Ins Owners2.04%
Ins Owner ChangeN/A
Market Cap14.86B
Analysts78.46
Price Target51.71 (8.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.62%
Yearly Dividend1.17
Dividend Growth(5Y)N/A
DP69.29%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.07%
Min EPS beat(2)29.97%
Max EPS beat(2)52.17%
EPS beat(4)4
Avg EPS beat(4)43.11%
Min EPS beat(4)25.77%
Max EPS beat(4)64.51%
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)9.66%
Min Revenue beat(2)8.24%
Max Revenue beat(2)11.08%
Revenue beat(4)4
Avg Revenue beat(4)7.31%
Min Revenue beat(4)1.9%
Max Revenue beat(4)11.08%
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)0%
PT rev (3m)6.74%
EPS NQ rev (1m)-10%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.08%
EPS NY rev (3m)-1.07%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE 17.99
Fwd PE 19.32
P/S 1.43
P/FCF 10.74
P/OCF 9.92
P/B 5.87
P/tB 11.05
EV/EBITDA 13.64
EPS(TTM)2.66
EY5.56%
EPS(NY)2.48
Fwd EY5.17%
FCF(TTM)4.45
FCFY9.31%
OCF(TTM)4.82
OCFY10.08%
SpS33.54
BVpS8.15
TBVpS4.33
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.96%
ROE 19.55%
ROCE 14.48%
ROIC 11.9%
ROICexc 20.18%
ROICexgc 41.39%
OM 5.46%
PM (TTM) 4.75%
GM N/A
FCFM 13.28%
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-Score5
Asset Turnover1.46
Health
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 1.15
Debt/EBITDA 1.16
Cap/Depr 23.31%
Cap/Sales 1.09%
Interest Coverage 11.61
Cash Conversion 141.49%
Profit Quality 279.39%
Current Ratio 1.29
Quick Ratio 1.29
Altman-Z 4.23
F-Score5
WACC8.48%
ROIC/WACC1.4
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)-7.7%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%39.03%
EPS Next Y-7.09%
EPS Next 2Y0.63%
EPS Next 3Y3%
EPS Next 5YN/A
Revenue 1Y (TTM)8.85%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%7.19%
Revenue Next Year8.08%
Revenue Next 2Y7.33%
Revenue Next 3Y6.91%
Revenue Next 5YN/A
EBIT growth 1Y-15.45%
EBIT growth 3Y-3.54%
EBIT growth 5YN/A
EBIT Next Year85.34%
EBIT Next 3Y27.74%
EBIT Next 5YN/A
FCF growth 1Y64.84%
FCF growth 3Y17.62%
FCF growth 5YN/A
OCF growth 1Y62.36%
OCF growth 3Y17.66%
OCF growth 5YN/A