AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:AFG - NO0003078107 - Common Stock
178.2 NOK
-1.8 (-1%)
We assign a fundamental rating of 5 out of 10 to AFG. AFG was compared to 44 industry peers in the Construction & Engineering industry. AFG has only an average score on both its financial health and profitability. AFG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AFG was profitable.
In the past year AFG had a positive cash flow from operations.
Each year in the past 5 years AFG has been profitable.
AFG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AFG (6.31%) is better than 72.73% of its industry peers.
With a decent Return On Equity value of 39.28%, AFG is doing good in the industry, outperforming 77.27% of the companies in the same industry.
With an excellent Return On Invested Capital value of 19.85%, AFG belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AFG is above the industry average of 10.86%.
The 3 year average ROIC (15.77%) for AFG is below the current ROIC(19.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 39.28% | ||
| ROIC | 19.85% |
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
With a Profit Margin value of 3.21%, AFG perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
AFG's Profit Margin has declined in the last couple of years.
The Operating Margin of AFG (4.52%) is worse than 61.36% of its industry peers.
AFG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 35.36%, AFG is in line with its industry, outperforming 43.18% of the companies in the same industry.
AFG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.52% | ||
| PM (TTM) | 3.21% | ||
| GM | 35.36% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AFG is creating value.
Compared to 1 year ago, AFG has more shares outstanding
AFG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AFG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.00 indicates that AFG is not in any danger for bankruptcy at the moment.
The Altman-Z score of AFG (3.00) is better than 84.09% of its industry peers.
AFG has a debt to FCF ratio of 0.71. This is a very positive value and a sign of high solvency as it would only need 0.71 years to pay back of all of its debts.
AFG's Debt to FCF ratio of 0.71 is amongst the best of the industry. AFG outperforms 90.91% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that AFG is not too dependend on debt financing.
The Debt to Equity ratio of AFG (0.48) is better than 61.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 3 |
ROIC/WACC2.36
WACC8.43%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AFG may have some problems paying its short term obligations.
The Current ratio of AFG (0.65) is worse than 97.73% of its industry peers.
A Quick Ratio of 0.62 indicates that AFG may have some problems paying its short term obligations.
The Quick ratio of AFG (0.62) is worse than 95.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
AFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.26%.
AFG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.87% yearly.
Looking at the last year, AFG shows a decrease in Revenue. The Revenue has decreased by -2.16% in the last year.
The Revenue has been growing by 10.22% on average over the past years. This is quite good.
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%27.03%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%8.31%
3.2 Future
The Earnings Per Share is expected to grow by 32.97% on average over the next years. This is a very strong growth
AFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.50% yearly.
EPS Next Y60.01%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
EPS Next 5Y32.97%
Revenue Next Year-1.37%
Revenue Next 2Y1%
Revenue Next 3Y2.22%
Revenue Next 5Y2.5%
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
Based on the Price/Earnings ratio of 18.66, the valuation of AFG can be described as rather expensive.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than the industry average as 65.91% of the companies are valued more cheaply.
AFG is valuated rather cheaply when we compare the Price/Earnings ratio to 25.65, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 18.18, AFG is valued on the expensive side.
68.18% of the companies in the same industry are cheaper than AFG, based on the Price/Forward Earnings ratio.
AFG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 18.18 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFG.
72.73% 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 | 8.27 | ||
| EV/EBITDA | 9.55 |
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.
AFG has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AFG's earnings are expected to grow with 42.59% in the coming years.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y61.89%
EPS Next 3Y42.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.77%, AFG has a reasonable but not impressive dividend return.
AFG's Dividend Yield is comparable with the industry average which is at 3.70.
AFG's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
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 55.38% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP55.38%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
OSL:AFG (11/25/2025, 4:19:48 PM)
178.2
-1.8 (-1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners15.08%
Inst Owner ChangeN/A
Ins Owners4.64%
Ins Owner ChangeN/A
Market Cap19.34B
Revenue(TTM)30.53B
Net Income(TTM)986.00M
Analysts74.29
Price Target168.3 (-5.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP55.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.67%
Min EPS beat(2)-27.73%
Max EPS beat(2)29.08%
EPS beat(4)2
Avg EPS beat(4)3.5%
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)1
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-5.26%
Max Revenue beat(2)3.14%
Revenue beat(4)2
Avg Revenue beat(4)-0.02%
Min Revenue beat(4)-5.26%
Max Revenue beat(4)3.22%
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)2.06%
PT rev (3m)12.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)11.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 18.18 | ||
| P/S | 0.63 | ||
| P/FCF | 8.27 | ||
| P/OCF | 8.27 | ||
| P/B | 7.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.55 |
EPS(TTM)9.55
EY5.36%
EPS(NY)9.8
Fwd EY5.5%
FCF(TTM)21.54
FCFY12.09%
OCF(TTM)21.54
OCFY12.09%
SpS283.2
BVpS23.13
TBVpS-19.68
PEG (NY)0.31
PEG (5Y)N/A
Graham Number70.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 39.28% | ||
| ROCE | 26.4% | ||
| ROIC | 19.85% | ||
| ROICexc | 24.12% | ||
| ROICexgc | N/A | ||
| OM | 4.52% | ||
| PM (TTM) | 3.21% | ||
| GM | 35.36% | ||
| FCFM | 7.61% |
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 Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 15.62 | ||
| Cash Conversion | 110.13% | ||
| Profit Quality | 237.12% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 3 |
F-Score6
WACC8.43%
ROIC/WACC2.36
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)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%27.03%
EPS Next Y60.01%
EPS Next 2Y61.89%
EPS Next 3Y42.59%
EPS Next 5Y32.97%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%8.31%
Revenue Next Year-1.37%
Revenue Next 2Y1%
Revenue Next 3Y2.22%
Revenue Next 5Y2.5%
EBIT growth 1Y119.94%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year131.26%
EBIT Next 3Y38.44%
EBIT Next 5YN/A
FCF growth 1Y435.01%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y435.01%
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.
Can you provide the valuation status for AF GRUPPEN ASA?
ChartMill assigns a valuation rating of 5 / 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 6 / 10.
Can you provide the PE and PB ratios for AFG stock?
The Price/Earnings (PE) ratio for AF GRUPPEN ASA (AFG.OL) is 18.66 and the Price/Book (PB) ratio is 7.71.
Can you provide the expected EPS growth for AFG stock?
The Earnings per Share (EPS) of AF GRUPPEN ASA (AFG.OL) is expected to grow by 60.01% in the next year.