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VOW ASA (VOW.OL) Stock Fundamental Analysis

Europe - OSL:VOW - NO0010708068 - Common Stock

1.932 NOK
-0.03 (-1.43%)
Last: 10/16/2025, 4:19:55 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to VOW. VOW was compared to 44 industry peers in the Commercial Services & Supplies industry. VOW has a bad profitability rating. Also its financial health evaluation is rather negative. VOW is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

VOW had negative earnings in the past year.
In the past year VOW had a positive cash flow from operations.
In multiple years VOW reported negative net income over the last 5 years.
In multiple years VOW reported negative operating cash flow during the last 5 years.
VOW.OL Yearly Net Income VS EBIT VS OCF VS FCFVOW.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 -100M 200M 300M

1.2 Ratios

VOW's Return On Assets of -15.05% is on the low side compared to the rest of the industry. VOW is outperformed by 84.09% of its industry peers.
Looking at the Return On Equity, with a value of -48.59%, VOW is doing worse than 81.82% of the companies in the same industry.
Industry RankSector Rank
ROA -15.05%
ROE -48.59%
ROIC N/A
ROA(3y)-5.99%
ROA(5y)3.04%
ROE(3y)-21.1%
ROE(5y)1.46%
ROIC(3y)N/A
ROIC(5y)N/A
VOW.OL Yearly ROA, ROE, ROICVOW.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

1.3 Margins

VOW's Operating Margin has declined in the last couple of years.
VOW has a Gross Margin of 25.05%. This is in the lower half of the industry: VOW underperforms 72.73% of its industry peers.
VOW's Gross Margin has been stable in the last couple of years.
VOW does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 25.05%
OM growth 3Y-71.59%
OM growth 5Y-60.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7%
GM growth 5Y-1.3%
VOW.OL Yearly Profit, Operating, Gross MarginsVOW.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

1

2. Health

2.1 Basic Checks

VOW does not have a ROIC to compare to the WACC, probably because it is not profitable.
VOW has more shares outstanding than it did 1 year ago.
VOW has more shares outstanding than it did 5 years ago.
The debt/assets ratio for VOW has been reduced compared to a year ago.
VOW.OL Yearly Shares OutstandingVOW.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
VOW.OL Yearly Total Debt VS Total AssetsVOW.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 0.41, we must say that VOW is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.41, VOW is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
VOW has a Debt/Equity ratio of 0.81. This is a neutral value indicating VOW is somewhat dependend on debt financing.
VOW's Debt to Equity ratio of 0.81 is in line compared to the rest of the industry. VOW outperforms 43.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Altman-Z 0.41
ROIC/WACCN/A
WACC8.03%
VOW.OL Yearly LT Debt VS Equity VS FCFVOW.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 400M

2.3 Liquidity

VOW has a Current Ratio of 0.68. This is a bad value and indicates that VOW is not financially healthy enough and could expect problems in meeting its short term obligations.
VOW's Current ratio of 0.68 is on the low side compared to the rest of the industry. VOW is outperformed by 86.36% of its industry peers.
VOW has a Quick Ratio of 0.68. This is a bad value and indicates that VOW is not financially healthy enough and could expect problems in meeting its short term obligations.
VOW has a worse Quick ratio (0.63) than 79.55% of its industry peers.
Industry RankSector Rank
Current Ratio 0.68
Quick Ratio 0.63
VOW.OL Yearly Current Assets VS Current LiabilitesVOW.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

7

3. Growth

3.1 Past

The earnings per share for VOW have decreased strongly by -12.60% in the last year.
VOW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.85%.
The Revenue has been growing by 21.74% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-12.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-0.5%
Revenue 1Y (TTM)10.85%
Revenue growth 3Y30.89%
Revenue growth 5Y21.74%
Sales Q2Q%-9.93%

3.2 Future

The Earnings Per Share is expected to grow by 136.55% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 26.14% on average over the next years. This is a very strong growth
EPS Next Y-2000.64%
EPS Next 2Y171.55%
EPS Next 3Y136.55%
EPS Next 5YN/A
Revenue Next Year11.03%
Revenue Next 2Y15.65%
Revenue Next 3Y8.14%
Revenue Next 5Y26.14%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VOW.OL Yearly Revenue VS EstimatesVOW.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
VOW.OL Yearly EPS VS EstimatesVOW.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4

2

4. Valuation

4.1 Price/Earnings Ratio

VOW reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 17.39 indicates a rather expensive valuation of VOW.
VOW's Price/Forward Earnings is on the same level as the industry average.
VOW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 17.39
VOW.OL Price Earnings VS Forward Price EarningsVOW.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

VOW's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. VOW is more expensive than 68.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 163.45
VOW.OL Per share dataVOW.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -5 -10 -15

4.3 Compensation for Growth

VOW's earnings are expected to grow with 136.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y171.55%
EPS Next 3Y136.55%

0

5. Dividend

5.1 Amount

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

VOW ASA

OSL:VOW (10/16/2025, 4:19:55 PM)

1.932

-0.03 (-1.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)08-28 2025-08-28
Earnings (Next)11-19 2025-11-19
Inst Owners14.74%
Inst Owner ChangeN/A
Ins Owners1.18%
Ins Owner ChangeN/A
Market Cap563.02M
Analysts45.71
Price Target10.86 (462.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)-240.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)11.67%
Revenue NY rev (3m)7.82%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 17.39
P/S 0.55
P/FCF N/A
P/OCF 37.53
P/B 1.44
P/tB N/A
EV/EBITDA 163.45
EPS(TTM)-16.64
EYN/A
EPS(NY)0.11
Fwd EY5.75%
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)0.05
OCFY2.66%
SpS3.51
BVpS1.34
TBVpS-0.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.05%
ROE -48.59%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 25.05%
FCFM N/A
ROA(3y)-5.99%
ROA(5y)3.04%
ROE(3y)-21.1%
ROE(5y)1.46%
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 3Y-71.59%
OM growth 5Y-60.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7%
GM growth 5Y-1.3%
F-Score4
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Debt/EBITDA 59.49
Cap/Depr 92.7%
Cap/Sales 5.35%
Interest Coverage N/A
Cash Conversion 283.02%
Profit Quality N/A
Current Ratio 0.68
Quick Ratio 0.63
Altman-Z 0.41
F-Score4
WACC8.03%
ROIC/WACCN/A
Cap/Depr(3y)239.86%
Cap/Depr(5y)282.37%
Cap/Sales(3y)11.74%
Cap/Sales(5y)14.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-12.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-0.5%
EPS Next Y-2000.64%
EPS Next 2Y171.55%
EPS Next 3Y136.55%
EPS Next 5YN/A
Revenue 1Y (TTM)10.85%
Revenue growth 3Y30.89%
Revenue growth 5Y21.74%
Sales Q2Q%-9.93%
Revenue Next Year11.03%
Revenue Next 2Y15.65%
Revenue Next 3Y8.14%
Revenue Next 5Y26.14%
EBIT growth 1Y100.84%
EBIT growth 3Y-62.81%
EBIT growth 5Y-51.88%
EBIT Next Year-82.58%
EBIT Next 3Y47.26%
EBIT Next 5Y66.3%
FCF growth 1Y79.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y115.97%
OCF growth 3Y106.76%
OCF growth 5YN/A