NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:NORCO • NO0013052209

44.275 NOK
-0.23 (-0.51%)
Last: Feb 9, 2026, 09:36 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, NORCO scores 5 out of 10 in our fundamental rating. NORCO was compared to 44 industry peers in the Construction & Engineering industry. NORCO has an average financial health and profitability rating. 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

  • With an excellent Return On Assets value of 8.51%, NORCO belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • The Return On Equity of NORCO (24.07%) is better than 68.18% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.35%, NORCO is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NORCO 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

  • The Profit Margin of NORCO (6.37%) is better than 61.36% of its industry peers.
  • NORCO's Profit Margin has been stable in the last couple of years.
  • NORCO has a Operating Margin (7.52%) which is comparable to the rest of the 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

  • NORCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • NORCO has more shares outstanding than it did 1 year ago.
  • The debt/assets ratio for NORCO has been reduced compared to a year ago.
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 3.68. This indicates that NORCO is financially healthy and has little risk of bankruptcy at the moment.
  • NORCO has a better Altman-Z score (3.68) than 90.91% of its industry peers.
  • NORCO has a debt to FCF ratio of 2.46. This is a good value and a sign of high solvency as NORCO would need 2.46 years to pay back of all of its debts.
  • NORCO's Debt to FCF ratio of 2.46 is fine compared to the rest of the industry. NORCO outperforms 75.00% of its industry peers.
  • A Debt/Equity ratio of 0.69 indicates that NORCO is somewhat dependend on debt financing.
  • NORCO has a Debt to Equity ratio of 0.69. This is comparable to the rest of the industry: NORCO outperforms 54.55% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for NORCO, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 2.46
Altman-Z 3.68
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

  • NORCO has a Current 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 Current ratio of 1.18. This is in the better half of the industry: NORCO outperforms 63.64% of its industry peers.
  • A Quick Ratio of 1.18 indicates that NORCO should not have too much problems paying its short term obligations.
  • The Quick ratio of NORCO (1.18) is better 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

  • NORCO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.21%.
  • The Earnings Per Share has been growing by 14.47% on average over the past years. This is quite good.
  • NORCO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.31%.
  • The Revenue has been growing by 12.09% on average over the past years. This is quite good.
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.
  • 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

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.64, which indicates a rather expensive current valuation of NORCO.
  • The rest of the industry has a similar Price/Earnings ratio as NORCO.
  • When comparing the Price/Earnings ratio of NORCO to the average of the S&P500 Index (27.93), we can say NORCO is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 15.71, 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.
  • NORCO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.64
Fwd PE 15.71
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NORCO is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as NORCO.
Industry RankSector Rank
P/FCF 13.64
EV/EBITDA 11.45
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

  • NORCO has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
  • NORCO's Dividend Yield is a higher than the industry average which is at 2.45.
  • NORCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
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 (2/9/2026, 9:36:30 AM)

44.275

-0.23 (-0.51%)

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 Cap14.06B
Revenue(TTM)11.07B
Net Income(TTM)705.00M
Analysts83.64
Price Target56.61 (27.86%)
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 17.64
Fwd PE 15.71
P/S 1.27
P/FCF 13.64
P/OCF 11.95
P/B 4.8
P/tB 62.77
EV/EBITDA 11.45
EPS(TTM)2.51
EY5.67%
EPS(NY)2.82
Fwd EY6.37%
FCF(TTM)3.25
FCFY7.33%
OCF(TTM)3.71
OCFY8.37%
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 3.68
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%.