ZAPTEC ASA (ZAP.OL) Stock Fundamental Analysis
OSL:ZAP - Euronext Oslo - NO0010713936 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to ZAP. ZAP was compared to 52 industry peers in the Electrical Equipment industry. The financial health of ZAP is average, but there are quite some concerns on its profitability. ZAP has a correct valuation and a medium 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.
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
The Return On Assets of ZAP (-0.15%) is comparable to the rest of the industry.
With a Return On Equity value of -0.25%, ZAP perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
With a Return On Invested Capital value of 3.20%, ZAP perfoms like the industry average, outperforming 48.08% of the companies in the same industry.
| 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 48.08% of its industry peers.
In the last couple of years the Operating Margin of ZAP has declined.
ZAP has a Gross Margin (38.99%) which is comparable to the rest of the industry.
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
ZAP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.90 indicates that ZAP is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.90, ZAP belongs to the best of the industry, outperforming 90.38% 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.
The Debt to FCF ratio of ZAP (2.26) is better than 76.92% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that ZAP is not too dependend on debt financing.
ZAP has a better Debt to Equity ratio (0.25) than 78.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.26 | ||
| Altman-Z | 3.9 |
ROIC/WACC0.38
WACC8.52%
2.3 Liquidity
ZAP has a Current Ratio of 2.34. This indicates that ZAP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.34, ZAP is in the better half of the industry, outperforming 78.85% of the companies in the same industry.
A Quick Ratio of 1.10 indicates that ZAP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.10, ZAP is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
| 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.
Based on the Price/Forward Earnings ratio of 11.34, the valuation of ZAP can be described as reasonable.
80.77% of the companies in the same industry are more expensive than ZAP, based on the Price/Forward Earnings ratio.
ZAP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.34 |
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 63.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.39 | ||
| EV/EBITDA | 22.97 |
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.
ZAP's earnings are expected to grow with 257.22% in the coming years. This may justify a more expensive valuation.
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 (5/30/2025, 7:00:00 PM)
19.58
-0.42 (-2.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners18.23%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap1.71B
Analysts80
Price Target26.01 (32.84%)
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)-5.56%
PT rev (3m)10.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.84%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.81%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.34 | ||
| P/S | 1.3 | ||
| P/FCF | 22.39 | ||
| P/OCF | 14.31 | ||
| P/B | 2.56 | ||
| P/tB | 3.55 | ||
| EV/EBITDA | 22.97 |
EPS(TTM)-0.02
EYN/A
EPS(NY)1.73
Fwd EY8.82%
FCF(TTM)0.87
FCFY4.47%
OCF(TTM)1.37
OCFY6.99%
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 | 3.9 |
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