ZAPTEC ASA (ZAP.OL) Stock Fundamental Analysis
OSL:ZAP - Euronext Oslo - NO0010713936 - Common Stock - Currency: NOK
Overall ZAP gets a fundamental rating of 4 out of 10. We evaluated ZAP against 54 industry peers in the Electrical Equipment industry. While ZAP has a great health rating, there are worries on its profitability. ZAP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ZAP had negative earnings in the past year.
ZAP had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ZAP reported negative net income in multiple years.
In multiple years ZAP reported negative operating cash flow during the last 5 years.
1.2 Ratios
ZAP's Return On Assets of -0.15% is in line compared to the rest of the industry. ZAP outperforms 48.15% of its industry peers.
The Return On Equity of ZAP (-0.25%) is comparable to the rest of the industry.
ZAP has a Return On Invested Capital of 3.20%. This is comparable to the rest of the industry: ZAP outperforms 53.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.15% | ||
| ROE | -0.25% | ||
| ROIC | 3.2% |
ROA(3y)-2.29%
ROA(5y)1.22%
ROE(3y)-4.47%
ROE(5y)0.77%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ZAP's Operating Margin of 2.87% is in line compared to the rest of the industry. ZAP outperforms 53.70% of its industry peers.
ZAP's Operating Margin has declined in the last couple of years.
ZAP has a Gross Margin (38.99%) which is comparable to the rest of the industry.
ZAP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.87% | ||
| PM (TTM) | N/A | ||
| GM | 38.99% |
OM growth 3Y-49.13%
OM growth 5Y-32.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.13%
GM growth 5Y-2.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ZAP is destroying value.
Compared to 1 year ago, ZAP has about the same amount of shares outstanding.
ZAP has more shares outstanding than it did 5 years ago.
ZAP has a worse debt/assets ratio than last year.
2.2 Solvency
ZAP has an Altman-Z score of 4.36. This indicates that ZAP is financially healthy and has little risk of bankruptcy at the moment.
ZAP's Altman-Z score of 4.36 is amongst the best of the industry. ZAP outperforms 90.74% of its industry peers.
The Debt to FCF ratio of ZAP is 2.26, which is a good value as it means it would take ZAP, 2.26 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.26, ZAP belongs to the top of the industry, outperforming 81.48% of the companies in the same industry.
A Debt/Equity ratio of 0.25 indicates that ZAP is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.25, ZAP is doing good in the industry, outperforming 75.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.26 | ||
| Altman-Z | 4.36 |
ROIC/WACC0.37
WACC8.58%
2.3 Liquidity
A Current Ratio of 2.34 indicates that ZAP has no problem at all paying its short term obligations.
ZAP's Current ratio of 2.34 is fine compared to the rest of the industry. ZAP outperforms 77.78% of its industry peers.
A Quick Ratio of 1.10 indicates that ZAP should not have too much problems paying its short term obligations.
ZAP's Quick ratio of 1.10 is fine compared to the rest of the industry. ZAP outperforms 64.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.34 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for ZAP have decreased strongly by -105.87% in the last year.
Looking at the last year, ZAP shows a decrease in Revenue. The Revenue has decreased by -8.28% in the last year.
ZAP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.94% yearly.
EPS 1Y (TTM)-105.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-8.28%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%15.44%
3.2 Future
Based on estimates for the next years, ZAP will show a very strong growth in Earnings Per Share. The EPS will grow by 257.22% on average per year.
The Revenue is expected to grow by 16.40% on average over the next years. This is quite good.
EPS Next Y2215.14%
EPS Next 2Y528.85%
EPS Next 3Y257.22%
EPS Next 5YN/A
Revenue Next Year20.3%
Revenue Next 2Y19.52%
Revenue Next 3Y16.33%
Revenue Next 5Y16.4%
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for ZAP. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 13.61, ZAP is valued correctly.
Based on the Price/Forward Earnings ratio, ZAP is valued a bit cheaper than 74.07% of the companies in the same industry.
ZAP is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.61 |
4.2 Price Multiples
ZAP's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ZAP indicates a somewhat cheap valuation: ZAP is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.87 | ||
| EV/EBITDA | 28.05 |
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 ZAP's earnings are expected to grow with 257.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y528.85%
EPS Next 3Y257.22%
5. Dividend
5.1 Amount
No dividends for ZAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:ZAP (7/22/2025, 4:07:52 PM)
23.5
-0.65 (-2.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners17.91%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap2.06B
Analysts80
Price Target33.66 (43.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)137.95%
Min EPS beat(2)-190.43%
Max EPS beat(2)466.34%
EPS beat(4)2
Avg EPS beat(4)248.93%
Min EPS beat(4)-429.7%
Max EPS beat(4)1149.51%
EPS beat(8)3
Avg EPS beat(8)91.06%
EPS beat(12)3
Avg EPS beat(12)15.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-3.7%
Max Revenue beat(2)4.38%
Revenue beat(4)2
Avg Revenue beat(4)-5.03%
Min Revenue beat(4)-22.07%
Max Revenue beat(4)4.38%
Revenue beat(8)4
Avg Revenue beat(8)-4.19%
Revenue beat(12)6
Avg Revenue beat(12)-3.99%
Revenue beat(16)6
Avg Revenue beat(16)-3.24%
PT rev (1m)22.22%
PT rev (3m)22.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.61 | ||
| P/S | 1.57 | ||
| P/FCF | 26.87 | ||
| P/OCF | 17.18 | ||
| P/B | 3.08 | ||
| P/tB | 4.26 | ||
| EV/EBITDA | 28.05 |
EPS(TTM)-0.02
EYN/A
EPS(NY)1.73
Fwd EY7.35%
FCF(TTM)0.87
FCFY3.72%
OCF(TTM)1.37
OCFY5.82%
SpS15.01
BVpS7.64
TBVpS5.52
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.15% | ||
| ROE | -0.25% | ||
| ROCE | 4.83% | ||
| ROIC | 3.2% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 5.11% | ||
| OM | 2.87% | ||
| PM (TTM) | N/A | ||
| GM | 38.99% | ||
| FCFM | 5.83% |
ROA(3y)-2.29%
ROA(5y)1.22%
ROE(3y)-4.47%
ROE(5y)0.77%
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 3Y-76.75%
ROICexcg growth 5Y-65.06%
ROICexc growth 3Y-58.28%
ROICexc growth 5Y-41%
OM growth 3Y-49.13%
OM growth 5Y-32.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.13%
GM growth 5Y-2.05%
F-Score7
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.26 | ||
| Debt/EBITDA | 2.32 | ||
| Cap/Depr | 128.23% | ||
| Cap/Sales | 3.29% | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | 167.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.34 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 4.36 |
F-Score7
WACC8.58%
ROIC/WACC0.37
Cap/Depr(3y)171.15%
Cap/Depr(5y)198.72%
Cap/Sales(3y)4.15%
Cap/Sales(5y)4.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-105.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y2215.14%
EPS Next 2Y528.85%
EPS Next 3Y257.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.28%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%15.44%
Revenue Next Year20.3%
Revenue Next 2Y19.52%
Revenue Next 3Y16.33%
Revenue Next 5Y16.4%
EBIT growth 1Y694.57%
EBIT growth 3Y-30.13%
EBIT growth 5Y1.88%
EBIT Next Year533.02%
EBIT Next 3Y121.4%
EBIT Next 5YN/A
FCF growth 1Y135.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y161.03%
OCF growth 3YN/A
OCF growth 5YN/A