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VOW ASA (VOW.OL) Stock Fundamental Analysis

OSL:VOW - NO0010708068 - Common Stock

2.105 NOK
+0.04 (+1.94%)
Last: 9/10/2025, 3:37:09 PM
Fundamental Rating

3

VOW gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Commercial Services & Supplies industry. VOW may be in some trouble as it scores bad on both profitability and health. VOW shows excellent growth, but is valued quite expensive already.


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 has a Return On Assets of -15.05%. This is amonst the worse of the industry: VOW underperforms 80.49% of its industry peers.
VOW's Return On Equity of -48.59% is on the low side compared to the rest of the industry. VOW is outperformed by 78.05% of its industry peers.
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

In the last couple of years the Operating Margin of VOW has declined.
With a Gross Margin value of 25.05%, VOW is not doing good in the industry: 68.29% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of VOW has remained more or less at the same level.
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.
The number of shares outstanding for VOW has been increased compared to 1 year ago.
The number of shares outstanding for VOW has been increased compared to 5 years ago.
Compared to 1 year ago, VOW has an improved debt to assets ratio.
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 0.43, we must say that VOW is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VOW (0.43) is worse than 65.85% of its industry peers.
VOW has a Debt/Equity ratio of 0.81. This is a neutral value indicating VOW is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.81, VOW perfoms like the industry average, outperforming 46.34% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Altman-Z 0.43
ROIC/WACCN/A
WACC8.11%
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

A Current Ratio of 0.68 indicates that VOW may have some problems paying its short term obligations.
With a Current ratio value of 0.68, VOW is not doing good in the industry: 80.49% of the companies in the same industry are doing better.
A Quick Ratio of 0.63 indicates that VOW may have some problems paying its short term obligations.
VOW's Quick ratio of 0.63 is on the low side compared to the rest of the industry. VOW is outperformed by 78.05% 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.
Looking at the last year, VOW shows a quite strong growth in Revenue. The Revenue has grown by 10.85% in the last year.
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

VOW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 133.60% yearly.
The Revenue is expected to grow by 26.14% on average over the next years. This is a very strong growth
EPS Next Y100%
EPS Next 2Y205.41%
EPS Next 3Y133.6%
EPS Next 5YN/A
Revenue Next Year-3.26%
Revenue Next 2Y6.27%
Revenue Next 3Y5.02%
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 2026 2027 0 0.05 0.1 0.15 0.2

3

4. Valuation

4.1 Price/Earnings Ratio

VOW reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 13.89, the valuation of VOW can be described as correct.
Based on the Price/Forward Earnings ratio, VOW is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
VOW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.59, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 13.89
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 63.41% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 168.68
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

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VOW's earnings are expected to grow with 133.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y205.41%
EPS Next 3Y133.6%

0

5. Dividend

5.1 Amount

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

VOW ASA

OSL:VOW (9/10/2025, 3:37:09 PM)

2.105

+0.04 (+1.94%)

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 Owners12.27%
Inst Owner ChangeN/A
Ins Owners0.91%
Ins Owner ChangeN/A
Market Cap613.44M
Analysts45.71
Price Target10.86 (415.91%)
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)-100%
EPS NY rev (3m)-100%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 13.89
P/S 0.6
P/FCF N/A
P/OCF 40.9
P/B 1.57
P/tB N/A
EV/EBITDA 168.68
EPS(TTM)-16.64
EYN/A
EPS(NY)0.15
Fwd EY7.2%
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)0.05
OCFY2.45%
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 0.43
F-Score4
WACC8.11%
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 Y100%
EPS Next 2Y205.41%
EPS Next 3Y133.6%
EPS Next 5YN/A
Revenue 1Y (TTM)10.85%
Revenue growth 3Y30.89%
Revenue growth 5Y21.74%
Sales Q2Q%-9.93%
Revenue Next Year-3.26%
Revenue Next 2Y6.27%
Revenue Next 3Y5.02%
Revenue Next 5Y26.14%
EBIT growth 1Y100.84%
EBIT growth 3Y-62.81%
EBIT growth 5Y-51.88%
EBIT Next Year66.45%
EBIT Next 3Y50.75%
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