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VOW ASA (VOW.OL) Stock Fundamental Analysis

OSL:VOW - Euronext Oslo - NO0010708068 - Common Stock - Currency: NOK

2  -0.45 (-18.37%)

Fundamental Rating

3

Overall VOW gets a fundamental rating of 3 out of 10. We evaluated VOW against 42 industry peers in the Commercial Services & Supplies industry. Both the profitability and financial health of VOW have multiple concerns. VOW is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

VOW had negative earnings in the past year.
In multiple years VOW reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: VOW reported negative operating cash flow in multiple 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 -12.64% is on the low side compared to the rest of the industry. VOW is outperformed by 80.95% of its industry peers.
The Return On Equity of VOW (-38.01%) is worse than 76.19% of its industry peers.
Industry RankSector Rank
ROA -12.64%
ROE -38.01%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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

The Gross Margin of VOW (29.30%) is worse than 69.05% 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 29.3%
OM growth 3YN/A
OM growth 5YN/A
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

2

2. Health

2.1 Basic Checks

VOW does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for VOW. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
VOW.OL Yearly Shares OutstandingVOW.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
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 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.63, we must say that VOW is in the distress zone and has some risk of bankruptcy.
VOW's Altman-Z score of 1.63 is in line compared to the rest of the industry. VOW outperforms 45.24% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that VOW has dependencies on debt financing.
VOW has a Debt to Equity ratio (1.07) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Altman-Z 1.63
ROIC/WACCN/A
WACC10.12%
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 1.03 indicates that VOW should not have too much problems paying its short term obligations.
VOW has a Current ratio of 1.03. This is in the lower half of the industry: VOW underperforms 66.67% of its industry peers.
A Quick Ratio of 0.92 indicates that VOW may have some problems paying its short term obligations.
VOW has a Quick ratio (0.92) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 0.92
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 0 200M 400M 600M

7

3. Growth

3.1 Past

VOW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.52%, which is quite impressive.
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)22.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)10.85%
Revenue growth 3Y30.89%
Revenue growth 5Y21.74%
Sales Q2Q%N/A

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.
Based on estimates for the next years, VOW will show a very strong growth in Revenue. The Revenue will grow by 26.14% on average per year.
EPS Next Y1589.99%
EPS Next 2Y558.01%
EPS Next 3Y133.6%
EPS Next 5YN/A
Revenue Next Year2.97%
Revenue Next 2Y29.01%
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 2025 2026 2027 0 0.2 0.4 0.6 0.8

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for VOW. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 2.34, which indicates a rather cheap valuation of VOW.
Based on the Price/Forward Earnings ratio, VOW is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
VOW is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.33, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 2.34
VOW.OL Price Earnings VS Forward Price EarningsVOW.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VOW indicates a slightly more expensive valuation: VOW is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.85
VOW.OL Per share dataVOW.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

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 2Y558.01%
EPS Next 3Y133.6%

0

5. Dividend

5.1 Amount

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

VOW ASA

OSL:VOW (7/15/2025, 7:00:00 PM)

2

-0.45 (-18.37%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-27 2025-02-27/bmo
Earnings (Next)08-28 2025-08-28
Inst Owners12.27%
Inst Owner ChangeN/A
Ins Owners0.91%
Ins Owner ChangeN/A
Market Cap582.84M
Analysts45.71
Price Target10.86 (443%)
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)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 2.34
P/S 0.29
P/FCF N/A
P/OCF N/A
P/B 1.27
P/tB N/A
EV/EBITDA 19.85
EPS(TTM)-1.19
EYN/A
EPS(NY)0.85
Fwd EY42.69%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.97
BVpS1.57
TBVpS-0.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.64%
ROE -38.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 29.3%
FCFM N/A
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
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-7%
GM growth 5Y-1.3%
F-ScoreN/A
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Debt/EBITDA 9.26
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.03
Quick Ratio 0.92
Altman-Z 1.63
F-ScoreN/A
WACC10.12%
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)22.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y1589.99%
EPS Next 2Y558.01%
EPS Next 3Y133.6%
EPS Next 5YN/A
Revenue 1Y (TTM)10.85%
Revenue growth 3Y30.89%
Revenue growth 5Y21.74%
Sales Q2Q%N/A
Revenue Next Year2.97%
Revenue Next 2Y29.01%
Revenue Next 3Y5.02%
Revenue Next 5Y26.14%
EBIT growth 1Y90.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year66.45%
EBIT Next 3Y50.75%
EBIT Next 5Y66.3%
FCF growth 1Y171.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26616.7%
OCF growth 3Y106.76%
OCF growth 5YN/A