ZAPTEC ASA (ZAP.OL) Fundamental Analysis & Valuation

OSL:ZAP • NO0010713936

Current stock price

29.2 NOK
-0.8 (-2.67%)
Last:

This ZAP.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ZAP.OL Profitability Analysis

1.1 Basic Checks

  • ZAP had negative earnings in the past year.
  • In the past year ZAP had a positive cash flow from operations.
  • 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.
ZAP.OL Yearly Net Income VS EBIT VS OCF VS FCFZAP.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.67%, ZAP is in the better half of the industry, outperforming 72.60% of the companies in the same industry.
  • ZAP has a Return On Equity (7.17%) which is in line with its industry peers.
  • ZAP has a Return On Invested Capital of 7.71%. This is in the better half of the industry: ZAP outperforms 65.75% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ZAP is significantly below the industry average of 9.64%.
  • The last Return On Invested Capital (7.71%) for ZAP is above the 3 year average (3.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.67%
ROE 7.17%
ROIC 7.71%
ROA(3y)2.11%
ROA(5y)1.18%
ROE(3y)3.34%
ROE(5y)1.06%
ROIC(3y)3.59%
ROIC(5y)N/A
ZAP.OL Yearly ROA, ROE, ROICZAP.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.52%, ZAP is in line with its industry, outperforming 52.05% of the companies in the same industry.
  • ZAP's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ZAP (5.60%) is comparable to the rest of the industry.
  • ZAP's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 40.08%, ZAP is in the better half of the industry, outperforming 65.75% of the companies in the same industry.
  • ZAP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 5.6%
PM (TTM) 3.52%
GM 40.08%
OM growth 3YN/A
OM growth 5Y0.45%
PM growth 3YN/A
PM growth 5Y-15.17%
GM growth 3Y1.04%
GM growth 5Y1.28%
ZAP.OL Yearly Profit, Operating, Gross MarginsZAP.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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9

2. ZAP.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ZAP is destroying value.
  • ZAP has about the same amout of shares outstanding than it did 1 year ago.
  • ZAP has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for ZAP has been reduced compared to a year ago.
ZAP.OL Yearly Shares OutstandingZAP.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
ZAP.OL Yearly Total Debt VS Total AssetsZAP.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 6.09 indicates that ZAP is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of ZAP (6.09) is better than 90.41% of its industry peers.
  • The Debt to FCF ratio of ZAP is 0.13, which is an excellent value as it means it would take ZAP, only 0.13 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.13, ZAP belongs to the top of the industry, outperforming 98.63% of the companies in the same industry.
  • ZAP has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
  • With an excellent Debt to Equity ratio value of 0.06, ZAP belongs to the best of the industry, outperforming 89.04% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.13
Altman-Z 6.09
ROIC/WACC0.83
WACC9.29%
ZAP.OL Yearly LT Debt VS Equity VS FCFZAP.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 2.90 indicates that ZAP has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.90, ZAP belongs to the top of the industry, outperforming 86.30% of the companies in the same industry.
  • ZAP has a Quick Ratio of 2.14. This indicates that ZAP is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.14, ZAP belongs to the top of the industry, outperforming 89.04% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.9
Quick Ratio 2.14
ZAP.OL Yearly Current Assets VS Current LiabilitesZAP.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. ZAP.OL Growth Analysis

3.1 Past

  • The earnings per share for ZAP have decreased strongly by -109.04% in the last year.
  • The Revenue has grown by 20.91% in the past year. This is a very strong growth!
  • The Revenue has been growing by 51.94% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-109.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%94.36%
Revenue 1Y (TTM)20.91%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%32.38%

3.2 Future

  • ZAP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 169.18% yearly.
  • Based on estimates for the next years, ZAP will show a quite strong growth in Revenue. The Revenue will grow by 16.40% on average per year.
EPS Next Y1252.72%
EPS Next 2Y491.06%
EPS Next 3Y262.77%
EPS Next 5Y169.18%
Revenue Next Year13.83%
Revenue Next 2Y16.53%
Revenue Next 3Y15.53%
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.
ZAP.OL Yearly Revenue VS EstimatesZAP.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B
ZAP.OL Yearly EPS VS EstimatesZAP.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1 1.5 2

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5

4. ZAP.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for ZAP. In the last year negative earnings were reported.
  • ZAP is valuated rather expensively with a Price/Forward Earnings ratio of 19.27.
  • Based on the Price/Forward Earnings ratio, ZAP is valued a bit cheaper than 68.49% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ZAP to the average of the S&P500 Index (23.84), we can say ZAP is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 19.27
ZAP.OL Price Earnings VS Forward Price EarningsZAP.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -200 -400

4.2 Price Multiples

  • 61.64% of the companies in the same industry are more expensive than ZAP, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ZAP is valued cheaper than 93.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.51
EV/EBITDA 18.14
ZAP.OL Per share dataZAP.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.
  • A more expensive valuation may be justified as ZAP's earnings are expected to grow with 262.77% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y491.06%
EPS Next 3Y262.77%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ZAP.OL Dividend Analysis

5.1 Amount

  • No dividends for ZAP!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ZAP.OL Fundamentals: All Metrics, Ratios and Statistics

ZAPTEC ASA

OSL:ZAP (3/13/2026, 7:00:00 PM)

29.2

-0.8 (-2.67%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners16.72%
Inst Owner ChangeN/A
Ins Owners2.78%
Ins Owner ChangeN/A
Market Cap2.56B
Revenue(TTM)1.53B
Net Income(TTM)53.89M
Analysts80
Price Target35.7 (22.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)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)2
Avg Revenue beat(2)5.55%
Min Revenue beat(2)2.66%
Max Revenue beat(2)8.44%
Revenue beat(4)3
Avg Revenue beat(4)3.42%
Min Revenue beat(4)-1.79%
Max Revenue beat(4)8.44%
Revenue beat(8)4
Avg Revenue beat(8)-2.44%
Revenue beat(12)6
Avg Revenue beat(12)-3.5%
Revenue beat(16)8
Avg Revenue beat(16)-2.51%
PT rev (1m)11.11%
PT rev (3m)11.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.33%
EPS NY rev (3m)0.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-0.22%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 19.27
P/S 1.67
P/FCF 6.51
P/OCF 5.81
P/B 3.4
P/tB 4.64
EV/EBITDA 18.14
EPS(TTM)-0.05
EYN/A
EPS(NY)1.52
Fwd EY5.19%
FCF(TTM)4.48
FCFY15.36%
OCF(TTM)5.02
OCFY17.2%
SpS17.5
BVpS8.59
TBVpS6.29
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 4.67%
ROE 7.17%
ROCE 9.97%
ROIC 7.71%
ROICexc 15.61%
ROICexgc 29.66%
OM 5.6%
PM (TTM) 3.52%
GM 40.08%
FCFM 25.62%
ROA(3y)2.11%
ROA(5y)1.18%
ROE(3y)3.34%
ROE(5y)1.06%
ROIC(3y)3.59%
ROIC(5y)N/A
ROICexc(3y)6.45%
ROICexc(5y)N/A
ROICexgc(3y)11.53%
ROICexgc(5y)N/A
ROCE(3y)4.79%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-20.84%
ROICexc growth 3YN/A
ROICexc growth 5Y3.82%
OM growth 3YN/A
OM growth 5Y0.45%
PM growth 3YN/A
PM growth 5Y-15.17%
GM growth 3Y1.04%
GM growth 5Y1.28%
F-Score7
Asset Turnover1.33
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.13
Debt/EBITDA 0.34
Cap/Depr 125.26%
Cap/Sales 3.08%
Interest Coverage 20.78
Cash Conversion 356.01%
Profit Quality 728.23%
Current Ratio 2.9
Quick Ratio 2.14
Altman-Z 6.09
F-Score7
WACC9.29%
ROIC/WACC0.83
Cap/Depr(3y)172.66%
Cap/Depr(5y)154.08%
Cap/Sales(3y)4.06%
Cap/Sales(5y)3.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-109.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%94.36%
EPS Next Y1252.72%
EPS Next 2Y491.06%
EPS Next 3Y262.77%
EPS Next 5Y169.18%
Revenue 1Y (TTM)20.91%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%32.38%
Revenue Next Year13.83%
Revenue Next 2Y16.53%
Revenue Next 3Y15.53%
Revenue Next 5Y16.4%
EBIT growth 1Y302.61%
EBIT growth 3YN/A
EBIT growth 5Y48.11%
EBIT Next Year151.82%
EBIT Next 3Y53.17%
EBIT Next 5YN/A
FCF growth 1Y592.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1344.42%
OCF growth 3YN/A
OCF growth 5Y97.53%

ZAPTEC ASA / ZAP.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ZAPTEC ASA?

ChartMill assigns a fundamental rating of 6 / 10 to ZAP.OL.


Can you provide the valuation status for ZAPTEC ASA?

ChartMill assigns a valuation rating of 5 / 10 to ZAPTEC ASA (ZAP.OL). This can be considered as Fairly Valued.


How profitable is ZAPTEC ASA (ZAP.OL) stock?

ZAPTEC ASA (ZAP.OL) has a profitability rating of 4 / 10.


How financially healthy is ZAPTEC ASA?

The financial health rating of ZAPTEC ASA (ZAP.OL) is 9 / 10.


What is the earnings growth outlook for ZAPTEC ASA?

The Earnings per Share (EPS) of ZAPTEC ASA (ZAP.OL) is expected to grow by 1252.72% in the next year.