ZAPTEC ASA (ZAP.OL) Stock Fundamental Analysis
OSL:ZAP - Euronext Oslo - NO0010713936 - Common Stock - Currency: NOK
Taking everything into account, ZAP scores 4 out of 10 in our fundamental rating. ZAP was compared to 56 industry peers in the Electrical Equipment industry. ZAP has a great financial health rating, but its profitability evaluates not so good. ZAP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ZAP has reported negative net income.
ZAP had a positive operating cash flow in the past year.
In multiple years ZAP reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: ZAP reported negative operating cash flow in multiple years.
1.2 Ratios
ZAP has a Return On Assets of -0.15%. This is comparable to the rest of the industry: ZAP outperforms 44.64% of its industry peers.
Looking at the Return On Equity, with a value of -0.25%, ZAP is in line with its industry, outperforming 44.64% of the companies in the same industry.
ZAP has a Return On Invested Capital (3.20%) which is in line with 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 has a Operating Margin of 2.87%. This is comparable to the rest of the industry: ZAP outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of ZAP has declined.
ZAP has a Gross Margin of 38.99%. This is comparable to the rest of the industry: ZAP outperforms 57.14% of its industry peers.
In the last couple of years the Gross Margin of ZAP has declined.
| 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.
ZAP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ZAP has more shares outstanding
The debt/assets ratio for ZAP is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.85 indicates that ZAP is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.85, ZAP belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
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.
ZAP's Debt to FCF ratio of 2.26 is amongst the best of the industry. ZAP outperforms 80.36% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that ZAP is not too dependend on debt financing.
ZAP's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. ZAP outperforms 76.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.26 | ||
| Altman-Z | 3.85 |
ROIC/WACC0.38
WACC8.52%
2.3 Liquidity
A Current Ratio of 2.34 indicates that ZAP has no problem at all paying its short term obligations.
ZAP has a Current ratio of 2.34. This is amongst the best in the industry. ZAP outperforms 80.36% 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 has a Quick ratio of 1.10. This is in the better half of the industry: ZAP outperforms 67.86% 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.
ZAP shows a decrease in Revenue. In the last year, the revenue decreased by -8.28%.
The Revenue has been growing by 51.94% on average over the past years. This is a very strong growth!
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
ZAP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 257.22% yearly.
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 11.28, the valuation of ZAP can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ZAP indicates a somewhat cheap valuation: ZAP is cheaper than 78.57% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.19. ZAP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.28 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ZAP.
ZAP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ZAP is cheaper than 66.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.27 | ||
| EV/EBITDA | 22.33 |
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
ZAP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:ZAP (6/20/2025, 7:00:00 PM)
19.48
+0.98 (+5.3%)
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 Cap1.70B
Analysts80
Price Target31.62 (62.32%)
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)21.57%
PT rev (3m)14.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.84%
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 | 11.28 | ||
| P/S | 1.3 | ||
| P/FCF | 22.27 | ||
| P/OCF | 14.24 | ||
| P/B | 2.55 | ||
| P/tB | 3.53 | ||
| EV/EBITDA | 22.33 |
EPS(TTM)-0.02
EYN/A
EPS(NY)1.73
Fwd EY8.87%
FCF(TTM)0.87
FCFY4.49%
OCF(TTM)1.37
OCFY7.02%
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 | 3.85 |
F-Score7
WACC8.52%
ROIC/WACC0.38
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