AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:AFG - NO0003078107 - Common Stock
184 NOK
-1.6 (-0.86%)
Taking everything into account, AFG scores 5 out of 10 in our fundamental rating. AFG was compared to 43 industry peers in the Construction & Engineering industry. AFG has an average financial health and profitability rating. AFG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year AFG was profitable.
- AFG had a positive operating cash flow in the past year.
- Each year in the past 5 years AFG has been profitable.
- In the past 5 years AFG always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of AFG (6.16%) is better than 72.09% of its industry peers.
- The Return On Equity of AFG (38.14%) is better than 79.07% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 19.65%, AFG belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for AFG is above the industry average of 11.24%.
- The 3 year average ROIC (15.77%) for AFG is below the current ROIC(19.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.16% | ||
| ROE | 38.14% | ||
| ROIC | 19.65% |
ROA(3y)4.7%
ROA(5y)5.88%
ROE(3y)27.22%
ROE(5y)31.5%
ROIC(3y)15.77%
ROIC(5y)17.17%
1.3 Margins
- AFG has a Profit Margin (3.33%) which is in line with its industry peers.
- AFG's Profit Margin has declined in the last couple of years.
- With a Operating Margin value of 4.69%, AFG is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
- AFG's Operating Margin has declined in the last couple of years.
- AFG has a Gross Margin (34.66%) which is in line with its industry peers.
- AFG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.69% | ||
| PM (TTM) | 3.33% | ||
| GM | 34.66% |
OM growth 3Y-13.09%
OM growth 5Y-7.84%
PM growth 3Y-14.18%
PM growth 5Y-9.36%
GM growth 3Y2.15%
GM growth 5Y0.2%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AFG is creating value.
- AFG has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for AFG has been increased compared to 5 years ago.
- Compared to 1 year ago, AFG has an improved debt to assets ratio.
2.2 Solvency
- AFG has an Altman-Z score of 2.95. This is not the best score and indicates that AFG is in the grey zone with still only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.95, AFG is in the better half of the industry, outperforming 79.07% of the companies in the same industry.
- AFG has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
- AFG's Debt to FCF ratio of 0.53 is amongst the best of the industry. AFG outperforms 93.02% of its industry peers.
- A Debt/Equity ratio of 0.45 indicates that AFG is not too dependend on debt financing.
- The Debt to Equity ratio of AFG (0.45) is better than 60.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | 2.95 |
ROIC/WACC2.33
WACC8.43%
2.3 Liquidity
- A Current Ratio of 0.70 indicates that AFG may have some problems paying its short term obligations.
- AFG's Current ratio of 0.70 is on the low side compared to the rest of the industry. AFG is outperformed by 95.35% of its industry peers.
- AFG has a Quick Ratio of 0.70. This is a bad value and indicates that AFG is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.67, AFG is doing worse than 93.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 103.53% over the past year.
- Measured over the past years, AFG shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.07% on average per year.
- AFG shows a small growth in Revenue. In the last year, the Revenue has grown by 3.01%.
- The Revenue has been growing slightly by 6.26% on average over the past years.
EPS 1Y (TTM)103.53%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%27.03%
Revenue 1Y (TTM)3.01%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%8.31%
3.2 Future
- The Earnings Per Share is expected to grow by 24.56% on average over the next years. This is a very strong growth
- Based on estimates for the next years, AFG will show a small growth in Revenue. The Revenue will grow by 4.70% on average per year.
EPS Next Y63.54%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
EPS Next 5YN/A
Revenue Next Year4.86%
Revenue Next 2Y5.36%
Revenue Next 3Y4.7%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 19.27, AFG is valued on the expensive side.
- AFG's Price/Earnings ratio is a bit more expensive when compared to the industry. AFG is more expensive than 62.79% of the companies in the same industry.
- AFG is valuated rather cheaply when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 17.37 indicates a rather expensive valuation of AFG.
- Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than the industry average as 69.77% of the companies are valued more cheaply.
- AFG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.27 | ||
| Fwd PE | 17.37 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFG is on the same level as its industry peers.
- 81.40% of the companies in the same industry are more expensive than AFG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.77 | ||
| EV/EBITDA | 9.19 |
4.3 Compensation for Growth
- AFG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of AFG may justify a higher PE ratio.
- AFG's earnings are expected to grow with 24.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y33.06%
EPS Next 3Y24.56%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.69%, AFG has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.43, AFG has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.89, AFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
5.2 History
- The dividend of AFG decreases each year by -16.34%.
Dividend Growth(5Y)-16.34%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- AFG pays out 52.35% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP52.35%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
OSL:AFG (1/16/2026, 7:00:00 PM)
184
-1.6 (-0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-14 2025-11-14/bmo
Earnings (Next)02-13 2026-02-13/amc
Inst Owners15.15%
Inst Owner ChangeN/A
Ins Owners4.58%
Ins Owner ChangeN/A
Market Cap20.25B
Revenue(TTM)31.34B
Net Income(TTM)1.04B
Analysts46.67
Price Target187.34 (1.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP52.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.94%
Min EPS beat(2)10.8%
Max EPS beat(2)29.08%
EPS beat(4)3
Avg EPS beat(4)7.22%
Min EPS beat(4)-27.73%
Max EPS beat(4)29.08%
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)4.2%
Min Revenue beat(2)3.14%
Max Revenue beat(2)5.26%
Revenue beat(4)3
Avg Revenue beat(4)1.59%
Min Revenue beat(4)-5.26%
Max Revenue beat(4)5.26%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)12.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.15%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.27 | ||
| Fwd PE | 17.37 | ||
| P/S | 0.65 | ||
| P/FCF | 6.77 | ||
| P/OCF | 6.77 | ||
| P/B | 7.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.19 |
EPS(TTM)9.55
EY5.19%
EPS(NY)10.59
Fwd EY5.76%
FCF(TTM)27.17
FCFY14.76%
OCF(TTM)27.17
OCFY14.76%
SpS284.71
BVpS24.85
TBVpS-17.63
PEG (NY)0.3
PEG (5Y)N/A
Graham Number73.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.16% | ||
| ROE | 38.14% | ||
| ROCE | 26.12% | ||
| ROIC | 19.65% | ||
| ROICexc | 27.64% | ||
| ROICexgc | N/A | ||
| OM | 4.69% | ||
| PM (TTM) | 3.33% | ||
| GM | 34.66% | ||
| FCFM | 9.54% |
ROA(3y)4.7%
ROA(5y)5.88%
ROE(3y)27.22%
ROE(5y)31.5%
ROIC(3y)15.77%
ROIC(5y)17.17%
ROICexc(3y)18.71%
ROICexc(5y)20.81%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.97%
ROCE(5y)23.25%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-8.52%
ROICexc growth 5Y-2.24%
OM growth 3Y-13.09%
OM growth 5Y-7.84%
PM growth 3Y-14.18%
PM growth 5Y-9.36%
GM growth 3Y2.15%
GM growth 5Y0.2%
F-Score6
Asset Turnover1.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 0.53 | ||
| Debt/EBITDA | 0.55 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 18.61 | ||
| Cash Conversion | 134.93% | ||
| Profit Quality | 286.67% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 2.95 |
F-Score6
WACC8.43%
ROIC/WACC2.33
Cap/Depr(3y)61.46%
Cap/Depr(5y)51.82%
Cap/Sales(3y)1.17%
Cap/Sales(5y)1.01%
Profit Quality(3y)217.38%
Profit Quality(5y)174.12%
High Growth Momentum
Growth
EPS 1Y (TTM)103.53%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%27.03%
EPS Next Y63.54%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
EPS Next 5YN/A
Revenue 1Y (TTM)3.01%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%8.31%
Revenue Next Year4.86%
Revenue Next 2Y5.36%
Revenue Next 3Y4.7%
Revenue Next 5YN/A
EBIT growth 1Y90.91%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year133.4%
EBIT Next 3Y38.96%
EBIT Next 5YN/A
FCF growth 1Y353.72%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y353.72%
OCF growth 3Y16.15%
OCF growth 5Y8.01%
AF GRUPPEN ASA / AFG.OL FAQ
What is the ChartMill fundamental rating of AF GRUPPEN ASA (AFG.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to AFG.OL.
What is the valuation status of AF GRUPPEN ASA (AFG.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to AF GRUPPEN ASA (AFG.OL). This can be considered as Fairly Valued.
What is the profitability of AFG stock?
AF GRUPPEN ASA (AFG.OL) has a profitability rating of 6 / 10.
What is the valuation of AF GRUPPEN ASA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for AF GRUPPEN ASA (AFG.OL) is 19.27 and the Price/Book (PB) ratio is 7.4.
What is the expected EPS growth for AF GRUPPEN ASA (AFG.OL) stock?
The Earnings per Share (EPS) of AF GRUPPEN ASA (AFG.OL) is expected to grow by 63.54% in the next year.