ZAPTEC ASA (ZAP.OL) Fundamental Analysis & Valuation

OSL:ZAP • NO0010713936

Current stock price

29.95 NOK
+0.95 (+3.28%)
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

  • In the past year ZAP has reported negative net income.
  • 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.
  • The reported operating cash flow has been mixed in the past 5 years: ZAP reported negative operating cash flow in multiple 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

  • ZAP's Return On Assets of 4.67% is fine compared to the rest of the industry. ZAP outperforms 66.20% of its industry peers.
  • ZAP has a Return On Equity (7.17%) which is in line with its industry peers.
  • With a decent Return On Invested Capital value of 7.71%, ZAP is doing good in the industry, outperforming 60.56% of the companies in the same industry.
  • ZAP had an Average Return On Invested Capital over the past 3 years of 3.59%. This is significantly below the industry average of 9.40%.
  • 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

  • ZAP's Profit Margin of 3.52% is in line compared to the rest of the industry. ZAP outperforms 49.30% of its industry peers.
  • ZAP's Profit Margin has declined in the last couple of years.
  • ZAP has a Operating Margin (5.60%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of ZAP has remained more or less at the same level.
  • ZAP's Gross Margin of 40.08% is fine compared to the rest of the industry. ZAP outperforms 60.56% of its industry peers.
  • In the last couple of years the Gross Margin of ZAP has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • The number of shares outstanding for ZAP remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, ZAP has more shares outstanding
  • 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 5.96 indicates that ZAP is not in any danger for bankruptcy at the moment.
  • ZAP has a Altman-Z score of 5.96. This is amongst the best in the industry. ZAP outperforms 90.14% of its industry peers.
  • ZAP has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.13, ZAP belongs to the best of the industry, outperforming 98.59% of the companies in the same industry.
  • A Debt/Equity ratio of 0.06 indicates that ZAP is not too dependend on debt financing.
  • ZAP's Debt to Equity ratio of 0.06 is amongst the best of the industry. ZAP outperforms 88.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.13
Altman-Z 5.96
ROIC/WACC0.87
WACC8.89%
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.
  • ZAP has a Current ratio of 2.90. This is amongst the best in the industry. ZAP outperforms 90.14% of its industry peers.
  • 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 91.55% 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!
  • Measured over the past years, ZAP shows a very strong growth in Revenue. The Revenue has been growing by 51.94% on average per year.
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

  • Based on estimates for the next years, ZAP will show a very strong growth in Earnings Per Share. The EPS will grow by 169.18% on average per year.
  • 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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Find the best growth stocksShow best growing peers

5

4. ZAP.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • ZAP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Based on the Price/Forward Earnings ratio of 19.77, the valuation of ZAP can be described as rather expensive.
  • 71.83% of the companies in the same industry are more expensive than ZAP, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.10, ZAP is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 19.77
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

  • ZAP's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ZAP indicates a rather cheap valuation: ZAP is cheaper than 94.37% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.68
EV/EBITDA 17.43
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

  • ZAP's 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

  • ZAP does not give a dividend.
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 (4/8/2026, 12:50:18 PM)

29.95

+0.95 (+3.28%)

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 Cap2.62B
Revenue(TTM)1.53B
Net Income(TTM)53.89M
Analysts80
Price Target35.7 (19.2%)
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)0%
PT rev (3m)11.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.22%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 19.77
P/S 1.71
P/FCF 6.68
P/OCF 5.96
P/B 3.49
P/tB 4.76
EV/EBITDA 17.43
EPS(TTM)-0.05
EYN/A
EPS(NY)1.52
Fwd EY5.06%
FCF(TTM)4.48
FCFY14.97%
OCF(TTM)5.02
OCFY16.77%
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 5.96
F-Score7
WACC8.89%
ROIC/WACC0.87
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.


Can you provide the profitability details for ZAPTEC ASA?

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


Can you provide the expected EPS growth for ZAP stock?

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