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REC SILICON ASA (RECSI.OL) Stock Fundamental Analysis

OSL:RECSI - Euronext Oslo - NO0010112675 - Common Stock - Currency: NOK

2.128  -0.01 (-0.28%)

Fundamental Rating

2

Taking everything into account, RECSI scores 2 out of 10 in our fundamental rating. RECSI was compared to 51 industry peers in the Semiconductors & Semiconductor Equipment industry. RECSI may be in some trouble as it scores bad on both profitability and health. RECSI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

RECSI had negative earnings in the past year.
In the past year RECSI has reported a negative cash flow from operations.
RECSI had negative earnings in 4 of the past 5 years.
RECSI had a negative operating cash flow in each of the past 5 years.
RECSI.OL Yearly Net Income VS EBIT VS OCF VS FCFRECSI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

RECSI has a worse Return On Assets (-261.11%) than 98.04% of its industry peers.
Industry RankSector Rank
ROA -261.11%
ROE N/A
ROIC N/A
ROA(3y)-95.8%
ROA(5y)-62.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RECSI.OL Yearly ROA, ROE, ROICRECSI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5K -10K -15K

1.3 Margins

RECSI has a Operating Margin of 0.42%. This is amonst the worse of the industry: RECSI underperforms 82.35% of its industry peers.
With an excellent Gross Margin value of 74.52%, RECSI belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
In the last couple of years the Gross Margin of RECSI has remained more or less at the same level.
Industry RankSector Rank
OM 0.42%
PM (TTM) N/A
GM 74.52%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.2%
GM growth 5Y0.92%
RECSI.OL Yearly Profit, Operating, Gross MarginsRECSI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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0

2. Health

2.1 Basic Checks

RECSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for RECSI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, RECSI has more shares outstanding
The debt/assets ratio for RECSI is higher compared to a year ago.
RECSI.OL Yearly Shares OutstandingRECSI.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
RECSI.OL Yearly Total Debt VS Total AssetsRECSI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC7.8%
RECSI.OL Yearly LT Debt VS Equity VS FCFRECSI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M

2.3 Liquidity

RECSI has a Current Ratio of 0.30. This is a bad value and indicates that RECSI is not financially healthy enough and could expect problems in meeting its short term obligations.
RECSI's Current ratio of 0.30 is on the low side compared to the rest of the industry. RECSI is outperformed by 98.04% of its industry peers.
A Quick Ratio of 0.17 indicates that RECSI may have some problems paying its short term obligations.
With a Quick ratio value of 0.17, RECSI is not doing good in the industry: 98.04% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.3
Quick Ratio 0.17
RECSI.OL Yearly Current Assets VS Current LiabilitesRECSI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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4

3. Growth

3.1 Past

The earnings per share for RECSI have decreased strongly by -652.50% in the last year.
Looking at the last year, RECSI shows a very negative growth in Revenue. The Revenue has decreased by -22.06% in the last year.
RECSI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.55% yearly.
EPS 1Y (TTM)-652.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
Revenue 1Y (TTM)-22.06%
Revenue growth 3Y-0.56%
Revenue growth 5Y-2.55%
Sales Q2Q%-49.17%

3.2 Future

RECSI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 43.89% yearly.
The Revenue is expected to grow by 86.63% on average over the next years. This is a very strong growth
EPS Next Y60.77%
EPS Next 2Y43.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year94.63%
Revenue Next 2Y86.63%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
RECSI.OL Yearly Revenue VS EstimatesRECSI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M 500M
RECSI.OL Yearly EPS VS EstimatesRECSI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1 -1.5 -2

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RECSI. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 5.81, the valuation of RECSI can be described as very cheap.
100.00% of the companies in the same industry are more expensive than RECSI, based on the Price/Forward Earnings ratio.
RECSI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 5.81
RECSI.OL Price Earnings VS Forward Price EarningsRECSI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, RECSI is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 1.96
RECSI.OL Per share dataRECSI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4 -6 -8

4.3 Compensation for Growth

The 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 RECSI's earnings are expected to grow with 43.89% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.89%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for RECSI!.
Industry RankSector Rank
Dividend Yield N/A

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REC SILICON ASA

OSL:RECSI (5/28/2025, 7:00:00 PM)

2.128

-0.01 (-0.28%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)05-08 2025-05-08/bmo
Earnings (Next)08-07 2025-08-07
Inst Owners14.33%
Inst Owner ChangeN/A
Ins Owners0.83%
Ins Owner ChangeN/A
Market Cap895.10M
Analysts40
Price Target4.08 (91.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.05%
Min EPS beat(2)-36.77%
Max EPS beat(2)70.87%
EPS beat(4)1
Avg EPS beat(4)-0.65%
Min EPS beat(4)-36.77%
Max EPS beat(4)70.87%
EPS beat(8)4
Avg EPS beat(8)49.67%
EPS beat(12)4
Avg EPS beat(12)-33.87%
EPS beat(16)7
Avg EPS beat(16)-19.62%
Revenue beat(2)0
Avg Revenue beat(2)-31.09%
Min Revenue beat(2)-42.29%
Max Revenue beat(2)-19.9%
Revenue beat(4)0
Avg Revenue beat(4)-26.57%
Min Revenue beat(4)-42.29%
Max Revenue beat(4)-18.66%
Revenue beat(8)3
Avg Revenue beat(8)-11.63%
Revenue beat(12)5
Avg Revenue beat(12)-7.3%
Revenue beat(16)7
Avg Revenue beat(16)-5.7%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.81
P/S 0.73
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA 1.96
EPS(TTM)-4.49
EYN/A
EPS(NY)0.37
Fwd EY17.21%
FCF(TTM)-4.51
FCFYN/A
OCF(TTM)-2.98
OCFYN/A
SpS2.9
BVpS-9.73
TBVpS-9.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -261.11%
ROE N/A
ROCE -1.48%
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 0.42%
PM (TTM) N/A
GM 74.52%
FCFM N/A
ROA(3y)-95.8%
ROA(5y)-62.26%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.2%
GM growth 5Y0.92%
F-Score2
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 1.14
Cap/Depr 23.57%
Cap/Sales 52.71%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.3
Quick Ratio 0.17
Altman-Z N/A
F-Score2
WACC7.8%
ROIC/WACCN/A
Cap/Depr(3y)307.68%
Cap/Depr(5y)190.85%
Cap/Sales(3y)68.72%
Cap/Sales(5y)42.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-652.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
EPS Next Y60.77%
EPS Next 2Y43.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-22.06%
Revenue growth 3Y-0.56%
Revenue growth 5Y-2.55%
Sales Q2Q%-49.17%
Revenue Next Year94.63%
Revenue Next 2Y86.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y100.48%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year87.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-32.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-80.67%
OCF growth 3YN/A
OCF growth 5YN/A