NORCONSULT AS (NORCO.OL) Fundamental Analysis & Valuation

OSL:NORCO • NO0013052209

Current stock price

39.95 NOK
+0.4 (+1.01%)
Last:

This NORCO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. NORCO.OL Profitability Analysis

1.1 Basic Checks

  • In the past year NORCO was profitable.
  • NORCO had a positive operating cash flow in the past year.
  • Each year in the past 5 years NORCO has been profitable.
  • In the past 5 years NORCO always reported a positive cash flow from operatings.
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 2025 500M 1B

1.2 Ratios

  • NORCO has a better Return On Assets (6.93%) than 73.91% of its industry peers.
  • With a Return On Equity value of 20.91%, NORCO perfoms like the industry average, outperforming 58.70% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 12.49%, NORCO is doing good in the industry, outperforming 63.04% of the companies in the same industry.
Industry RankSector Rank
ROA 6.93%
ROE 20.91%
ROIC 12.5%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NORCO.OL Yearly ROA, ROE, ROICNORCO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 5.71%, NORCO is doing good in the industry, outperforming 60.87% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NORCO has grown nicely.
  • NORCO has a Operating Margin (7.51%) which is in line with its industry peers.
  • NORCO's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.51%
PM (TTM) 5.71%
GM N/A
OM growth 3Y0.35%
OM growth 5YN/A
PM growth 3Y1.95%
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 2025 2 4 6 8

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6

2. NORCO.OL Health Analysis

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 3.11 indicates that NORCO is not in any danger for bankruptcy at the moment.
  • NORCO has a better Altman-Z score (3.11) than 86.96% of its industry peers.
  • NORCO has a debt to FCF ratio of 2.96. This is a good value and a sign of high solvency as NORCO would need 2.96 years to pay back of all of its debts.
  • The Debt to FCF ratio of NORCO (2.96) is better than 69.57% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that NORCO is somewhat dependend on debt financing.
  • NORCO has a Debt to Equity ratio of 0.74. This is comparable to the rest of the industry: NORCO outperforms 47.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.96
Altman-Z 3.11
ROIC/WACC1.48
WACC8.46%
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 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • NORCO has a Current Ratio of 1.15. This is a normal value and indicates that NORCO is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.15, NORCO is in line with its industry, outperforming 56.52% of the companies in the same industry.
  • A Quick Ratio of 1.15 indicates that NORCO should not have too much problems paying its short term obligations.
  • NORCO has a better Quick ratio (1.15) than 69.57% of its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 1.15
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. NORCO.OL Growth Analysis

3.1 Past

  • NORCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.91%.
  • The Earnings Per Share has been growing by 13.31% on average over the past years. This is quite good.
  • Looking at the last year, NORCO shows a quite strong growth in Revenue. The Revenue has grown by 9.46% in the last year.
  • Measured over the past years, NORCO shows a quite strong growth in Revenue. The Revenue has been growing by 10.61% on average per year.
EPS 1Y (TTM)-15.91%
EPS 3Y13.31%
EPS 5YN/A
EPS Q2Q%-32.41%
Revenue 1Y (TTM)9.46%
Revenue growth 3Y10.61%
Revenue growth 5YN/A
Sales Q2Q%11.44%

3.2 Future

  • Based on estimates for the next years, NORCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.13% on average per year.
  • Based on estimates for the next years, NORCO will show a quite strong growth in Revenue. The Revenue will grow by 8.15% on average per year.
EPS Next Y26.74%
EPS Next 2Y21.18%
EPS Next 3Y13.13%
EPS Next 5YN/A
Revenue Next Year15.96%
Revenue Next 2Y11.27%
Revenue Next 3Y8.15%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 2028 2B 4B 6B 8B 10B
NORCO.OL Yearly EPS VS EstimatesNORCO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 1 2 3

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4

4. NORCO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • NORCO is valuated rather expensively with a Price/Earnings ratio of 17.83.
  • Based on the Price/Earnings ratio, NORCO is valued a bit more expensive than 69.57% of the companies in the same industry.
  • NORCO is valuated rather cheaply when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • NORCO is valuated correctly with a Price/Forward Earnings ratio of 14.07.
  • NORCO's Price/Forward Earnings is on the same level as the industry average.
  • NORCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 17.83
Fwd PE 14.07
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

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 12.65
EV/EBITDA 9.69
NORCO.OL Per share dataNORCO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • NORCO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as NORCO's earnings are expected to grow with 13.13% in the coming years.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y21.18%
EPS Next 3Y13.13%

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

6

5. NORCO.OL Dividend Analysis

5.1 Amount

  • NORCO has a Yearly Dividend Yield of 4.54%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.48, NORCO pays a better dividend. On top of this NORCO pays more dividend than 84.78% of the companies listed in the same industry.
  • NORCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.54%

5.2 History

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

5.3 Sustainability

  • 78.65% of the earnings are spent on dividend by NORCO. This is not a sustainable payout ratio.
DP78.65%
EPS Next 2Y21.18%
EPS Next 3Y13.13%
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 2025 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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NORCO.OL Fundamentals: All Metrics, Ratios and Statistics

NORCONSULT AS

OSL:NORCO (3/30/2026, 7:00:00 PM)

39.95

+0.4 (+1.01%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-12
Earnings (Next)05-12
Inst Owners28.82%
Inst Owner ChangeN/A
Ins Owners1.78%
Ins Owner ChangeN/A
Market Cap12.69B
Revenue(TTM)11.40B
Net Income(TTM)651.00M
Analysts85
Price Target54.57 (36.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.54%
Yearly Dividend1.17
Dividend Growth(5Y)N/A
DP78.65%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.2%
Min EPS beat(2)-15.23%
Max EPS beat(2)-11.18%
EPS beat(4)1
Avg EPS beat(4)-1.85%
Min EPS beat(4)-15.23%
Max EPS beat(4)27.33%
EPS beat(8)5
Avg EPS beat(8)20.63%
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)9.86%
Min Revenue beat(2)6.76%
Max Revenue beat(2)12.96%
Revenue beat(4)4
Avg Revenue beat(4)8.92%
Min Revenue beat(4)3.77%
Max Revenue beat(4)12.96%
Revenue beat(8)8
Avg Revenue beat(8)8.11%
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)-1.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.76%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.48%
Valuation
Industry RankSector Rank
PE 17.83
Fwd PE 14.07
P/S 1.11
P/FCF 12.65
P/OCF 11.3
P/B 4.07
P/tB N/A
EV/EBITDA 9.69
EPS(TTM)2.24
EY5.61%
EPS(NY)2.84
Fwd EY7.11%
FCF(TTM)3.16
FCFY7.91%
OCF(TTM)3.54
OCFY8.85%
SpS35.9
BVpS9.81
TBVpS-0.24
PEG (NY)0.67
PEG (5Y)N/A
Graham Number22.23
Profitability
Industry RankSector Rank
ROA 6.93%
ROE 20.91%
ROCE 15.18%
ROIC 12.5%
ROICexc 17.24%
ROICexgc 78.39%
OM 7.51%
PM (TTM) 5.71%
GM N/A
FCFM 8.8%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y0.35%
OM growth 5YN/A
PM growth 3Y1.95%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.21
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.96
Debt/EBITDA 1.64
Cap/Depr 21.74%
Cap/Sales 1.05%
Interest Coverage 13.17
Cash Conversion 79.76%
Profit Quality 154.07%
Current Ratio 1.15
Quick Ratio 1.15
Altman-Z 3.11
F-Score4
WACC8.46%
ROIC/WACC1.48
Cap/Depr(3y)21.04%
Cap/Depr(5y)21.52%
Cap/Sales(3y)1%
Cap/Sales(5y)1.03%
Profit Quality(3y)198.5%
Profit Quality(5y)205.77%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.91%
EPS 3Y13.31%
EPS 5YN/A
EPS Q2Q%-32.41%
EPS Next Y26.74%
EPS Next 2Y21.18%
EPS Next 3Y13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)9.46%
Revenue growth 3Y10.61%
Revenue growth 5YN/A
Sales Q2Q%11.44%
Revenue Next Year15.96%
Revenue Next 2Y11.27%
Revenue Next 3Y8.15%
Revenue Next 5YN/A
EBIT growth 1Y50.44%
EBIT growth 3Y10.99%
EBIT growth 5YN/A
EBIT Next Year102.57%
EBIT Next 3Y31.85%
EBIT Next 5YN/A
FCF growth 1Y-27.48%
FCF growth 3Y6.13%
FCF growth 5YN/A
OCF growth 1Y-24.98%
OCF growth 3Y6.07%
OCF growth 5YN/A

NORCONSULT AS / NORCO.OL Fundamental Analysis 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 4 / 10 to NORCONSULT AS (NORCO.OL). This can be considered as Fairly Valued.


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

NORCONSULT AS (NORCO.OL) has a profitability rating of 5 / 10.


What is the earnings growth outlook for NORCONSULT AS?

The Earnings per Share (EPS) of NORCONSULT AS (NORCO.OL) is expected to grow by 26.74% in the next year.


Can you provide the dividend sustainability for NORCO stock?

The dividend rating of NORCONSULT AS (NORCO.OL) is 6 / 10 and the dividend payout ratio is 78.65%.