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

OSL:AFG • NO0003078107

Current stock price

178.2 NOK
+1.2 (+0.68%)
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

  • AFG had positive earnings in the past year.
  • In the past year AFG had a positive cash flow from operations.
  • AFG had positive earnings in each of the past 5 years.
  • AFG had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 6.39%, AFG is in the better half of the industry, outperforming 76.09% of the companies in the same industry.
  • AFG has a better Return On Equity (37.64%) than 84.78% of its industry peers.
  • AFG has a Return On Invested Capital of 18.83%. This is amongst the best in the industry. AFG outperforms 80.43% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AFG is above the industry average of 11.98%.
  • The 3 year average ROIC (15.80%) for AFG is below the current ROIC(18.83%), indicating increased profibility in the last year.
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 (3.41%) which is in line with its industry peers.
  • AFG's Profit Margin has been stable in the last couple of years.
  • AFG has a worse Operating Margin (4.64%) than 60.87% of its industry peers.
  • AFG's Operating Margin has been stable in the last couple of years.
  • AFG has a Gross Margin (34.96%) which is in line with its industry peers.
  • AFG's Gross Margin has improved in the last couple of years.
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.
  • The number of shares outstanding for AFG has been increased compared to 1 year ago.
  • The number of shares outstanding for AFG has been increased compared to 5 years ago.
  • 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

  • AFG has a debt to FCF ratio of 0.50. This is a very positive value and a sign of high solvency as it would only need 0.50 years to pay back of all of its debts.
  • AFG has a better Debt to FCF ratio (0.50) than 91.30% of its industry peers.
  • AFG has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
  • AFG's Debt to Equity ratio of 0.39 is fine compared to the rest of the industry. AFG outperforms 67.39% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 0.5
Altman-Z N/A
ROIC/WACC2.28
WACC8.26%
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

  • AFG has a Current Ratio of 0.73. This is a bad value and indicates that AFG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.73, AFG is not doing good in the industry: 95.65% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.70 indicates that AFG may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.70, AFG is doing worse than 93.48% of the companies in the same industry.
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.
  • The Revenue has been growing slightly by 4.42% in the past year.
  • Measured over the past years, AFG shows a small growth in Revenue. The Revenue has been growing by 3.43% on average per year.
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 4.78% 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 5Y4.78%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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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5

4. AFG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.93, which indicates a rather expensive current valuation of AFG.
  • The rest of the industry has a similar Price/Earnings ratio as AFG.
  • When comparing the Price/Earnings ratio of AFG to the average of the S&P500 Index (27.34), we can say AFG is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 16.28, the valuation of AFG can be described as correct.
  • Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than 63.04% of the companies in the same industry.
  • AFG is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.18, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.93
Fwd PE 16.28
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

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFG.
  • Based on the Price/Free Cash Flow ratio, AFG is valued cheaper than 82.61% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.67
EV/EBITDA 8.53
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

  • AFG's 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)1.77
PEG (5Y)12.76
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 3.70%.
  • AFG's Dividend Yield is a higher than the industry average which is at 2.57.
  • AFG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.7%

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 (4/15/2026, 10:14:10 AM)

178.2

+1.2 (+0.68%)

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 Cap20.26B
Revenue(TTM)31.99B
Net Income(TTM)1.09B
Analysts46.67
Price Target190.74 (7.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.7%
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)2.75%
EPS NQ rev (1m)-1.75%
EPS NQ rev (3m)-2.89%
EPS NY rev (1m)-1.09%
EPS NY rev (3m)3.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 17.93
Fwd PE 16.28
P/S 0.63
P/FCF 6.67
P/OCF 6.67
P/B 6.98
P/tB N/A
EV/EBITDA 8.53
EPS(TTM)9.94
EY5.58%
EPS(NY)10.95
Fwd EY6.14%
FCF(TTM)26.73
FCFY15%
OCF(TTM)26.73
OCFY15%
SpS281.45
BVpS25.52
TBVpS-16.06
PEG (NY)1.77
PEG (5Y)12.76
Graham Number75.55
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
WACC8.26%
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 5Y4.78%
EBIT growth 1Y42.87%
EBIT growth 3Y6.35%
EBIT growth 5Y4.71%
EBIT Next Year60.57%
EBIT Next 3Y20.18%
EBIT Next 5Y16.21%
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 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 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 17.93 and the Price/Book (PB) ratio is 6.98.


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%.