NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:NORCO • NO0013052209

42.775 NOK
-2.02 (-4.52%)
Last: Feb 11, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall NORCO gets a fundamental rating of 5 out of 10. We evaluated NORCO against 44 industry peers in the Construction & Engineering industry. NORCO has only an average score on both its financial health and profitability. While showing a medium growth rate, NORCO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • NORCO had positive earnings in the past year.
  • In the past year NORCO had a positive cash flow from operations.
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

  • The Return On Assets of NORCO (8.51%) is better than 81.82% of its industry peers.
  • NORCO's Return On Equity of 24.07% is fine compared to the rest of the industry. NORCO outperforms 68.18% of its industry peers.
  • With a decent Return On Invested Capital value of 13.35%, NORCO is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • NORCO had an Average Return On Invested Capital over the past 3 years of 14.25%. This is above the industry average of 11.41%.
Industry RankSector Rank
ROA 8.51%
ROE 24.07%
ROIC 13.35%
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

  • Looking at the Profit Margin, with a value of 6.37%, NORCO is in the better half of the industry, outperforming 61.36% 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.
  • With a Operating Margin value of 7.52%, NORCO perfoms like the industry average, outperforming 52.27% of the companies in the same industry.
  • NORCO's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 7.52%
PM (TTM) 6.37%
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

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6

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.
  • 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

  • NORCO has an Altman-Z score of 3.69. This indicates that NORCO is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.69, NORCO belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • The Debt to FCF ratio of NORCO is 2.46, which is a good value as it means it would take NORCO, 2.46 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of NORCO (2.46) is better than 75.00% of its industry peers.
  • A Debt/Equity ratio of 0.69 indicates that NORCO is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.69, NORCO is in line with its industry, outperforming 54.55% of the companies in the same industry.
  • Although NORCO does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 0.69
Debt/FCF 2.46
Altman-Z 3.69
ROIC/WACC1.68
WACC7.96%
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 1.18 indicates that NORCO should not have too much problems paying its short term obligations.
  • NORCO has a better Current ratio (1.18) than 63.64% of its industry peers.
  • NORCO has a Quick Ratio of 1.18. 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 Quick ratio (1.18) than 70.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
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

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 3.21% over the past 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 8.31% 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)3.21%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%-7.53%
Revenue 1Y (TTM)8.31%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%12.34%

3.2 Future

  • Based on estimates for the next years, NORCO will show a small growth in Earnings Per Share. The EPS will grow by 5.83% on average per year.
  • The Revenue is expected to grow by 8.29% on average over the next years. This is quite good.
EPS Next Y-10.46%
EPS Next 2Y2.84%
EPS Next 3Y5.83%
EPS Next 5YN/A
Revenue Next Year7.22%
Revenue Next 2Y9.38%
Revenue Next 3Y8.29%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.04 indicates a rather expensive valuation of NORCO.
  • Compared to the rest of the industry, the Price/Earnings ratio of NORCO is on the same level as its industry peers.
  • NORCO is valuated rather cheaply when we compare the Price/Earnings ratio to 28.03, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 15.18, which indicates a correct valuation of NORCO.
  • 63.64% of the companies in the same industry are cheaper than NORCO, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. NORCO is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.04
Fwd PE 15.18
NORCO.OL Price Earnings VS Forward Price EarningsNORCO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • NORCO's Enterprise Value to EBITDA ratio is in line with the industry average.
  • NORCO's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 13.17
EV/EBITDA 11.52
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 2Y2.84%
EPS Next 3Y5.83%

More info and screens

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.87%, NORCO has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.45, NORCO pays a bit more dividend than its industry peers.
  • NORCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.87%

5.2 History

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

5.3 Sustainability

  • NORCO pays out 72.62% of its income as dividend. This is not a sustainable payout ratio.
DP72.62%
EPS Next 2Y2.84%
EPS Next 3Y5.83%
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

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NORCONSULT AS

OSL:NORCO (2/11/2026, 4:19:48 PM)

42.775

-2.02 (-4.52%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-05
Earnings (Next)02-12
Inst Owners25.61%
Inst Owner ChangeN/A
Ins Owners1.78%
Ins Owner ChangeN/A
Market Cap13.58B
Revenue(TTM)11.07B
Net Income(TTM)705.00M
Analysts83.64
Price Target56.61 (32.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.87%
Yearly Dividend1.17
Dividend Growth(5Y)N/A
DP72.62%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.08%
Min EPS beat(2)-11.18%
Max EPS beat(2)27.33%
EPS beat(4)2
Avg EPS beat(4)9.45%
Min EPS beat(4)-11.18%
Max EPS beat(4)29.97%
EPS beat(8)6
Avg EPS beat(8)24.24%
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)12.57%
Min Revenue beat(2)12.17%
Max Revenue beat(2)12.96%
Revenue beat(4)4
Avg Revenue beat(4)9.29%
Min Revenue beat(4)3.77%
Max Revenue beat(4)12.96%
Revenue beat(8)8
Avg Revenue beat(8)8.61%
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)1.83%
PT rev (3m)2.78%
EPS NQ rev (1m)-0.64%
EPS NQ rev (3m)-1.15%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)3.41%
Revenue NQ rev (3m)4.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE 17.04
Fwd PE 15.18
P/S 1.23
P/FCF 13.17
P/OCF 11.54
P/B 4.64
P/tB 60.64
EV/EBITDA 11.52
EPS(TTM)2.51
EY5.87%
EPS(NY)2.82
Fwd EY6.59%
FCF(TTM)3.25
FCFY7.59%
OCF(TTM)3.71
OCFY8.67%
SpS34.86
BVpS9.22
TBVpS0.71
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.82
Profitability
Industry RankSector Rank
ROA 8.51%
ROE 24.07%
ROCE 16.24%
ROIC 13.35%
ROICexc 15.85%
ROICexgc 42.37%
OM 7.52%
PM (TTM) 6.37%
GM N/A
FCFM 9.31%
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
ROICexgc growth 3Y3.19%
ROICexgc 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 Turnover1.34
Health
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 2.46
Debt/EBITDA 1.49
Cap/Depr 27.86%
Cap/Sales 1.32%
Interest Coverage 16.02
Cash Conversion 86.74%
Profit Quality 146.24%
Current Ratio 1.18
Quick Ratio 1.18
Altman-Z 3.69
F-Score5
WACC7.96%
ROIC/WACC1.68
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)3.21%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%-7.53%
EPS Next Y-10.46%
EPS Next 2Y2.84%
EPS Next 3Y5.83%
EPS Next 5YN/A
Revenue 1Y (TTM)8.31%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%12.34%
Revenue Next Year7.22%
Revenue Next 2Y9.38%
Revenue Next 3Y8.29%
Revenue Next 5YN/A
EBIT growth 1Y70.35%
EBIT growth 3Y-3.54%
EBIT growth 5YN/A
EBIT Next Year87.34%
EBIT Next 3Y32.06%
EBIT Next 5YN/A
FCF growth 1Y18.78%
FCF growth 3Y17.62%
FCF growth 5YN/A
OCF growth 1Y21.97%
OCF growth 3Y17.66%
OCF growth 5YN/A

NORCONSULT AS / NORCO.OL FAQ

What is the fundamental rating for NORCO stock?

ChartMill assigns a fundamental rating of 5 / 10 to NORCO.OL.


What is the valuation status for NORCO stock?

ChartMill assigns a valuation rating of 2 / 10 to NORCONSULT AS (NORCO.OL). This can be considered as Overvalued.


How profitable is NORCONSULT AS (NORCO.OL) stock?

NORCONSULT AS (NORCO.OL) has a profitability rating of 4 / 10.


What is the earnings growth outlook for NORCONSULT AS?

The Earnings per Share (EPS) of NORCONSULT AS (NORCO.OL) is expected to decline by -10.46% in the next year.


Can you provide the dividend sustainability for NORCO stock?

The dividend rating of NORCONSULT AS (NORCO.OL) is 4 / 10 and the dividend payout ratio is 72.62%.