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THOR MEDICAL ASA (TRMED.OL) Stock Fundamental Analysis

OSL:TRMED - Euronext Oslo - NO0010597883 - Common Stock - Currency: NOK

2.49  -0.01 (-0.4%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to TRMED. TRMED was compared to 67 industry peers in the Biotechnology industry. The financial health of TRMED is average, but there are quite some concerns on its profitability. TRMED has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

TRMED had negative earnings in the past year.
In the past year TRMED has reported a negative cash flow from operations.
In the past 5 years TRMED always reported negative net income.
In the past 5 years TRMED always reported negative operating cash flow.
TRMED.OL Yearly Net Income VS EBIT VS OCF VS FCFTRMED.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 -100M -200M -300M -400M

1.2 Ratios

TRMED has a Return On Assets of -8.30%. This is in the better half of the industry: TRMED outperforms 64.18% of its industry peers.
The Return On Equity of TRMED (-10.22%) is better than 67.16% of its industry peers.
Industry RankSector Rank
ROA -8.3%
ROE -10.22%
ROIC N/A
ROA(3y)-146.91%
ROA(5y)-131.48%
ROE(3y)-270.57%
ROE(5y)-231.37%
ROIC(3y)N/A
ROIC(5y)N/A
TRMED.OL Yearly ROA, ROE, ROICTRMED.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100 -200 -300 -400

1.3 Margins

TRMED does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TRMED.OL Yearly Profit, Operating, Gross MarginsTRMED.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 -20K -40K -60K -80K -100K

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6

2. Health

2.1 Basic Checks

TRMED has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, TRMED has more shares outstanding
TRMED has a worse debt/assets ratio than last year.
TRMED.OL Yearly Shares OutstandingTRMED.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
TRMED.OL Yearly Total Debt VS Total AssetsTRMED.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

TRMED has an Altman-Z score of 9.50. This indicates that TRMED is financially healthy and has little risk of bankruptcy at the moment.
TRMED has a better Altman-Z score (9.50) than 88.06% of its industry peers.
TRMED has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of TRMED (0.00) is better than 94.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 9.5
ROIC/WACCN/A
WACCN/A
TRMED.OL Yearly LT Debt VS Equity VS FCFTRMED.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 -400M 600M 800M

2.3 Liquidity

TRMED has a Current Ratio of 6.48. This indicates that TRMED is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 6.48, TRMED belongs to the best of the industry, outperforming 83.58% of the companies in the same industry.
TRMED has a Quick Ratio of 6.48. This indicates that TRMED is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 6.48, TRMED belongs to the top of the industry, outperforming 85.07% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.48
Quick Ratio 6.48
TRMED.OL Yearly Current Assets VS Current LiabilitesTRMED.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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0

3. Growth

3.1 Past

TRMED shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 94.44%, which is quite impressive.
EPS 1Y (TTM)94.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%74.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y50.51%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
TRMED.OL Yearly Revenue VS EstimatesTRMED.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 200K 400K 600K
TRMED.OL Yearly EPS VS EstimatesTRMED.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -2 -4 -6

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TRMED. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for TRMED. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TRMED.OL Price Earnings VS Forward Price EarningsTRMED.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TRMED.OL Per share dataTRMED.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 -0.4 0.6

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

TRMED does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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THOR MEDICAL ASA

OSL:TRMED (7/21/2025, 12:36:21 PM)

2.49

-0.01 (-0.4%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)02-28 2024-02-28/amc
Earnings (Next)N/A N/A
Inst Owners0.09%
Inst Owner ChangeN/A
Ins Owners1.37%
Ins Owner ChangeN/A
Market Cap878.95M
Analysts34.29
Price TargetN/A
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 3.38
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.15
EYN/A
EPS(NY)-0.5
Fwd EYN/A
FCF(TTM)-0.08
FCFYN/A
OCF(TTM)-0.08
OCFYN/A
SpS0
BVpS0.74
TBVpS-0.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.3%
ROE -10.22%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-146.91%
ROA(5y)-131.48%
ROE(3y)-270.57%
ROE(5y)-231.37%
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 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.48
Quick Ratio 6.48
Altman-Z 9.5
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%74.77%
EPS Next Y50.51%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y97.72%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y92.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y92.99%
OCF growth 3YN/A
OCF growth 5YN/A