ZAPTEC ASA (ZAP.OL) Stock Fundamental Analysis

OSL:ZAP • NO0010713936

23.1 NOK
-0.95 (-3.95%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, ZAP scores 6 out of 10 in our fundamental rating. ZAP was compared to 71 industry peers in the Electrical Equipment industry. No worries on liquidiy or solvency for ZAP as it has an excellent financial health rating, but there are worries on the profitability. ZAP is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year ZAP was profitable.
  • 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 0 -100M -200M

1.2 Ratios

  • ZAP has a better Return On Assets (3.51%) than 61.97% of its industry peers.
  • ZAP's Return On Equity of 5.33% is in line compared to the rest of the industry. ZAP outperforms 53.52% of its industry peers.
  • ZAP has a Return On Invested Capital (5.61%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 3.51%
ROE 5.33%
ROIC 5.61%
ROA(3y)-2.29%
ROA(5y)1.22%
ROE(3y)-4.47%
ROE(5y)0.77%
ROIC(3y)N/A
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 0 20 -20 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.67%, ZAP is in line with its industry, outperforming 53.52% of the companies in the same industry.
  • ZAP has a Operating Margin (4.41%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ZAP has declined.
  • ZAP has a Gross Margin of 39.62%. This is comparable to the rest of the industry: ZAP outperforms 57.75% of its industry peers.
  • ZAP's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.41%
PM (TTM) 2.67%
GM 39.62%
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%
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 0 50 -50 -100

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

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.
  • The number of shares outstanding for ZAP has been increased compared to 5 years ago.
  • The debt/assets ratio for ZAP is higher compared to a year ago.
ZAP.OL Yearly Shares OutstandingZAP.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 5.54 indicates that ZAP is not in any danger for bankruptcy at the moment.
  • ZAP's Altman-Z score of 5.54 is amongst the best of the industry. ZAP outperforms 83.10% of its industry peers.
  • ZAP has a debt to FCF ratio of 0.16. This is a very positive value and a sign of high solvency as it would only need 0.16 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.16, ZAP belongs to the top of the industry, outperforming 95.77% of the companies in the same industry.
  • A Debt/Equity ratio of 0.05 indicates that ZAP is not too dependend on debt financing.
  • ZAP has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. ZAP outperforms 87.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.16
Altman-Z 5.54
ROIC/WACC0.57
WACC9.86%
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 0 200M -200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 3.53 indicates that ZAP has no problem at all paying its short term obligations.
  • The Current ratio of ZAP (3.53) is better than 87.32% of its industry peers.
  • A Quick Ratio of 2.09 indicates that ZAP has no problem at all paying its short term obligations.
  • ZAP's Quick ratio of 2.09 is amongst the best of the industry. ZAP outperforms 84.51% of its industry peers.
Industry RankSector Rank
Current Ratio 3.53
Quick Ratio 2.09
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 200M 400M 600M 800M

More info and screens

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 331.89% over the past year.
  • The Revenue has grown by 10.12% in the past year. This is quite good.
  • ZAP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.94% yearly.
EPS 1Y (TTM)331.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%109.61%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%23.41%

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 160.52% on average per year.
  • ZAP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.40% yearly.
EPS Next Y1236.25%
EPS Next 2Y490.13%
EPS Next 3Y261.47%
EPS Next 5Y160.52%
Revenue Next Year13.83%
Revenue Next 2Y16.66%
Revenue Next 3Y15.25%
Revenue Next 5Y16.4%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 53.72, which means the current valuation is very expensive for ZAP.
  • ZAP's Price/Earnings ratio is in line with the industry average.
  • ZAP is valuated expensively when we compare the Price/Earnings ratio to 27.97, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 15.30, ZAP is valued correctly.
  • Based on the Price/Forward Earnings ratio, ZAP is valued cheaply inside the industry as 80.28% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.96, ZAP is valued a bit cheaper.
Industry RankSector Rank
PE 53.72
Fwd PE 15.3
ZAP.OL Price Earnings VS Forward Price EarningsZAP.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ZAP indicates a somewhat cheap valuation: ZAP is cheaper than 60.56% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ZAP is valued cheaply inside the industry as 91.55% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.56
EV/EBITDA 19.54
ZAP.OL Per share dataZAP.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 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 261.47% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y490.13%
EPS Next 3Y261.47%

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

ZAPTEC ASA

OSL:ZAP (2/13/2026, 7:00:00 PM)

23.1

-0.95 (-3.95%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05
Earnings (Next)02-18
Inst Owners16.85%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap2.02B
Revenue(TTM)1.43B
Net Income(TTM)38.02M
Analysts80
Price Target32.13 (39.09%)
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)1
Avg EPS beat(2)-9.15%
Min EPS beat(2)-83.32%
Max EPS beat(2)65.02%
EPS beat(4)2
Avg EPS beat(4)64.4%
Min EPS beat(4)-190.43%
Max EPS beat(4)466.34%
EPS beat(8)3
Avg EPS beat(8)81.99%
EPS beat(12)4
Avg EPS beat(12)30.77%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.43%
Min Revenue beat(2)-1.79%
Max Revenue beat(2)2.66%
Revenue beat(4)2
Avg Revenue beat(4)0.39%
Min Revenue beat(4)-3.7%
Max Revenue beat(4)4.38%
Revenue beat(8)4
Avg Revenue beat(8)-2.98%
Revenue beat(12)5
Avg Revenue beat(12)-4.52%
Revenue beat(16)7
Avg Revenue beat(16)-3.07%
PT rev (1m)0%
PT rev (3m)-4.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-42.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.07%
Valuation
Industry RankSector Rank
PE 53.72
Fwd PE 15.3
P/S 1.42
P/FCF 7.56
P/OCF 6.39
P/B 2.84
P/tB 3.92
EV/EBITDA 19.54
EPS(TTM)0.43
EY1.86%
EPS(NY)1.51
Fwd EY6.54%
FCF(TTM)3.06
FCFY13.23%
OCF(TTM)3.62
OCFY15.65%
SpS16.3
BVpS8.14
TBVpS5.89
PEG (NY)0.04
PEG (5Y)N/A
Graham Number8.88
Profitability
Industry RankSector Rank
ROA 3.51%
ROE 5.33%
ROCE 7.28%
ROIC 5.61%
ROICexc 7.67%
ROICexgc 11.17%
OM 4.41%
PM (TTM) 2.67%
GM 39.62%
FCFM 18.75%
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
ROICexgc growth 3Y-76.75%
ROICexgc 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 Turnover1.32
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.16
Debt/EBITDA 0.36
Cap/Depr 139.75%
Cap/Sales 3.44%
Interest Coverage 6.99
Cash Conversion 323.02%
Profit Quality 703.41%
Current Ratio 3.53
Quick Ratio 2.09
Altman-Z 5.54
F-Score7
WACC9.86%
ROIC/WACC0.57
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)331.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%109.61%
EPS Next Y1236.25%
EPS Next 2Y490.13%
EPS Next 3Y261.47%
EPS Next 5Y160.52%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y37.35%
Revenue growth 5Y51.94%
Sales Q2Q%23.41%
Revenue Next Year13.83%
Revenue Next 2Y16.66%
Revenue Next 3Y15.25%
Revenue Next 5Y16.4%
EBIT growth 1Y281.78%
EBIT growth 3Y-30.13%
EBIT growth 5Y1.88%
EBIT Next Year378.19%
EBIT Next 3Y121.31%
EBIT Next 5Y81.54%
FCF growth 1Y177.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y201.05%
OCF growth 3YN/A
OCF growth 5YN/A

ZAPTEC ASA / ZAP.OL 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 6 / 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 3 / 10.


How financially healthy is ZAPTEC ASA?

The financial health rating of ZAPTEC ASA (ZAP.OL) is 8 / 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 1236.25% in the next year.