AF GRUPPEN ASA (AFG.OL) Fundamental Analysis & Valuation

OSL:AFG • NO0003078107

Current stock price

174 NOK
+3 (+1.75%)
Last:

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

7

1. AFG.OL Profitability Analysis

1.1 Basic Checks

  • In the past year AFG was profitable.
  • AFG had a positive operating cash flow in the past year.
  • In the past 5 years AFG has always been profitable.
  • In the past 5 years AFG always reported a positive cash flow from operatings.
AFG.OL Yearly Net Income VS EBIT VS OCF VS FCFAFG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 6.39%, AFG is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 37.64%, AFG belongs to the top of the industry, outperforming 84.44% of the companies in the same industry.
  • AFG's Return On Invested Capital of 18.83% is amongst the best of the industry. AFG outperforms 82.22% of its industry peers.
  • AFG had an Average Return On Invested Capital over the past 3 years of 15.80%. This is above the industry average of 11.74%.
  • The last Return On Invested Capital (18.83%) for AFG is above the 3 year average (15.80%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.39%
ROE 37.64%
ROIC 18.83%
ROA(3y)4.62%
ROA(5y)5.65%
ROE(3y)27.38%
ROE(5y)31.55%
ROIC(3y)15.8%
ROIC(5y)18.05%
AFG.OL Yearly ROA, ROE, ROICAFG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • AFG has a Profit Margin of 3.41%. This is comparable to the rest of the industry: AFG outperforms 44.44% of its industry peers.
  • In the last couple of years the Profit Margin of AFG has remained more or less at the same level.
  • AFG has a worse Operating Margin (4.64%) than 62.22% of its industry peers.
  • In the last couple of years the Operating Margin of AFG has remained more or less at the same level.
  • AFG has a Gross Margin of 34.96%. This is in the lower half of the industry: AFG underperforms 60.00% of its industry peers.
  • In the last couple of years the Gross Margin of AFG has grown nicely.
Industry RankSector Rank
OM 4.64%
PM (TTM) 3.41%
GM 34.96%
OM growth 3Y5.47%
OM growth 5Y1.24%
PM growth 3Y3.63%
PM growth 5Y-1%
GM growth 3Y5.45%
GM growth 5Y2.7%
AFG.OL Yearly Profit, Operating, Gross MarginsAFG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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3

2. AFG.OL Health Analysis

2.1 Basic Checks

  • AFG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • AFG has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AFG has more shares outstanding
  • The debt/assets ratio for AFG is higher compared to a year ago.
AFG.OL Yearly Shares OutstandingAFG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
AFG.OL Yearly Total Debt VS Total AssetsAFG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • The Debt to FCF ratio of AFG is 0.50, which is an excellent value as it means it would take AFG, only 0.50 years of fcf income to pay off all of its debts.
  • AFG has a better Debt to FCF ratio (0.50) than 88.89% of its industry peers.
  • A Debt/Equity ratio of 0.39 indicates that AFG is not too dependend on debt financing.
  • AFG's Debt to Equity ratio of 0.39 is fine compared to the rest of the industry. AFG outperforms 68.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 0.5
Altman-Z N/A
ROIC/WACC2.28
WACC8.25%
AFG.OL Yearly LT Debt VS Equity VS FCFAFG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.73 indicates that AFG may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.73, AFG is doing worse than 95.56% of the companies in the same industry.
  • A Quick Ratio of 0.70 indicates that AFG may have some problems paying its short term obligations.
  • AFG has a Quick ratio of 0.70. This is amonst the worse of the industry: AFG underperforms 93.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.7
AFG.OL Yearly Current Assets VS Current LiabilitesAFG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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

5

3. AFG.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 52.78% over the past year.
  • Measured over the past 5 years, AFG shows a small growth in Earnings Per Share. The EPS has been growing by 1.41% on average per year.
  • Looking at the last year, AFG shows a small growth in Revenue. The Revenue has grown by 4.42% in the last year.
  • AFG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.43% yearly.
EPS 1Y (TTM)52.78%
EPS 3Y3.52%
EPS 5Y1.41%
EPS Q2Q%11.34%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y0.83%
Revenue growth 5Y3.43%
Sales Q2Q%7.64%

3.2 Future

  • Based on estimates for the next years, AFG will show a small growth in Earnings Per Share. The EPS will grow by 4.86% on average per year.
  • The Revenue is expected to grow by 3.95% on average over the next years.
EPS Next Y10.14%
EPS Next 2Y8.35%
EPS Next 3Y0.28%
EPS Next 5Y4.86%
Revenue Next Year6.43%
Revenue Next 2Y4.97%
Revenue Next 3Y4.1%
Revenue Next 5Y3.95%

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 stable: in the next years the growth will be about the same than in the last years.
AFG.OL Yearly Revenue VS EstimatesAFG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
AFG.OL Yearly EPS VS EstimatesAFG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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4

4. AFG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.51, the valuation of AFG can be described as rather expensive.
  • AFG's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.15. AFG is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.89, AFG is valued correctly.
  • 64.44% of the companies in the same industry are cheaper than AFG, based on the Price/Forward Earnings ratio.
  • AFG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.51
Fwd PE 15.89
AFG.OL Price Earnings VS Forward Price EarningsAFG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a somewhat cheap valuation: AFG is cheaper than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.51
EV/EBITDA 8.23
AFG.OL Per share dataAFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200 250

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of AFG may justify a higher PE ratio.
PEG (NY)1.73
PEG (5Y)12.46
EPS Next 2Y8.35%
EPS Next 3Y0.28%

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

3

5. AFG.OL Dividend Analysis

5.1 Amount

  • AFG has a Yearly Dividend Yield of 3.78%.
  • AFG's Dividend Yield is a higher than the industry average which is at 2.62.
  • Compared to an average S&P500 Dividend Yield of 1.82, AFG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.78%

5.2 History

  • The dividend of AFG decreases each year by -1.27%.
Dividend Growth(5Y)-1.27%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • AFG pays out 90.29% of its income as dividend. This is not a sustainable payout ratio.
DP90.29%
EPS Next 2Y8.35%
EPS Next 3Y0.28%
AFG.OL Yearly Income VS Free CF VS DividendAFG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
AFG.OL Dividend Payout.AFG.OL Dividend Payout, showing the Payout Ratio.AFG.OL Dividend Payout.PayoutRetained Earnings

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AFG.OL Fundamentals: All Metrics, Ratios and Statistics

AF GRUPPEN ASA

OSL:AFG (4/28/2026, 1:27:21 PM)

174

+3 (+1.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-13
Earnings (Next)05-13
Inst Owners16.22%
Inst Owner ChangeN/A
Ins Owners4.43%
Ins Owner ChangeN/A
Market Cap19.78B
Revenue(TTM)31.99B
Net Income(TTM)1.09B
Analysts46.67
Price Target190.74 (9.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.78%
Yearly Dividend8.99
Dividend Growth(5Y)-1.27%
DP90.29%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12%
Min EPS beat(2)10.8%
Max EPS beat(2)13.2%
EPS beat(4)3
Avg EPS beat(4)6.33%
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)4.61%
Min Revenue beat(2)3.96%
Max Revenue beat(2)5.26%
Revenue beat(4)3
Avg Revenue beat(4)1.77%
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)0.9%
PT rev (3m)1.81%
EPS NQ rev (1m)-1.75%
EPS NQ rev (3m)-4.55%
EPS NY rev (1m)-1.09%
EPS NY rev (3m)2.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 17.51
Fwd PE 15.89
P/S 0.62
P/FCF 6.51
P/OCF 6.51
P/B 6.82
P/tB N/A
EV/EBITDA 8.23
EPS(TTM)9.94
EY5.71%
EPS(NY)10.95
Fwd EY6.29%
FCF(TTM)26.73
FCFY15.36%
OCF(TTM)26.73
OCFY15.36%
SpS281.45
BVpS25.52
TBVpS-16.06
PEG (NY)1.73
PEG (5Y)12.46
Graham Number75.5502 (-56.58%)
Profitability
Industry RankSector Rank
ROA 6.39%
ROE 37.64%
ROCE 24.33%
ROIC 18.83%
ROICexc 30.99%
ROICexgc N/A
OM 4.64%
PM (TTM) 3.41%
GM 34.96%
FCFM 9.5%
ROA(3y)4.62%
ROA(5y)5.65%
ROE(3y)27.38%
ROE(5y)31.55%
ROIC(3y)15.8%
ROIC(5y)18.05%
ROICexc(3y)21.58%
ROICexc(5y)23.02%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.42%
ROCE(5y)23.32%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y8.92%
ROICexc growth 5Y6.23%
OM growth 3Y5.47%
OM growth 5Y1.24%
PM growth 3Y3.63%
PM growth 5Y-1%
GM growth 3Y5.45%
GM growth 5Y2.7%
F-Score6
Asset Turnover1.87
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 0.5
Debt/EBITDA 0.51
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 20.89
Cash Conversion 134.72%
Profit Quality 278.21%
Current Ratio 0.73
Quick Ratio 0.7
Altman-Z N/A
F-Score6
WACC8.25%
ROIC/WACC2.28
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)269.35%
Profit Quality(5y)209.73%
High Growth Momentum
Growth
EPS 1Y (TTM)52.78%
EPS 3Y3.52%
EPS 5Y1.41%
EPS Q2Q%11.34%
EPS Next Y10.14%
EPS Next 2Y8.35%
EPS Next 3Y0.28%
EPS Next 5Y4.86%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y0.83%
Revenue growth 5Y3.43%
Sales Q2Q%7.64%
Revenue Next Year6.43%
Revenue Next 2Y4.97%
Revenue Next 3Y4.1%
Revenue Next 5Y3.95%
EBIT growth 1Y42.87%
EBIT growth 3Y6.35%
EBIT growth 5Y4.71%
EBIT Next Year60.57%
EBIT Next 3Y20.18%
EBIT Next 5Y15.29%
FCF growth 1Y54.84%
FCF growth 3Y37.49%
FCF growth 5Y25.65%
OCF growth 1Y37.03%
OCF growth 3Y27.67%
OCF growth 5Y20.64%

AF GRUPPEN ASA / AFG.OL Fundamental Analysis 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 for AFG stock?

ChartMill assigns a valuation rating of 4 / 10 to AF GRUPPEN ASA (AFG.OL). This can be considered as Fairly Valued.


How profitable is AF GRUPPEN ASA (AFG.OL) stock?

AF GRUPPEN ASA (AFG.OL) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for AFG stock?

The Price/Earnings (PE) ratio for AF GRUPPEN ASA (AFG.OL) is 17.51 and the Price/Book (PB) ratio is 6.82.


Is the dividend of AF GRUPPEN ASA sustainable?

The dividend rating of AF GRUPPEN ASA (AFG.OL) is 3 / 10 and the dividend payout ratio is 90.29%.