AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
OSL:AFG - Euronext Oslo - NO0003078107 - Common Stock - Currency: NOK
Overall AFG gets a fundamental rating of 5 out of 10. We evaluated AFG against 42 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of AFG get a neutral evaluation. Nothing too spectacular is happening here. AFG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
AFG had positive earnings in the past year.
In the past year AFG had a positive cash flow from operations.
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
AFG has a Return On Assets of 3.23%. This is comparable to the rest of the industry: AFG outperforms 52.38% of its industry peers.
Looking at the Return On Equity, with a value of 22.35%, AFG is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
AFG's Return On Invested Capital of 13.77% is amongst the best of the industry. AFG outperforms 80.95% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AFG is significantly above the industry average of 10.06%.
The last Return On Invested Capital (13.77%) for AFG is well below the 3 year average (18.59%), which needs to be investigated, but indicates that AFG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 22.35% | ||
| ROIC | 13.77% |
ROA(3y)5.72%
ROA(5y)6.27%
ROE(3y)30.96%
ROE(5y)33.87%
ROIC(3y)18.59%
ROIC(5y)18.1%
1.3 Margins
With a Profit Margin value of 1.67%, AFG is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
AFG's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 2.53%, AFG is doing worse than 64.29% of the companies in the same industry.
AFG's Operating Margin has declined in the last couple of years.
AFG's Gross Margin of 32.83% is in line compared to the rest of the industry. AFG outperforms 45.24% of its industry peers.
In the last couple of years the Gross Margin of AFG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.53% | ||
| PM (TTM) | 1.67% | ||
| GM | 32.83% |
OM growth 3Y-17.95%
OM growth 5Y-13.5%
PM growth 3Y-28.44%
PM growth 5Y-20.37%
GM growth 3Y0.99%
GM growth 5Y-0.78%
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
The number of shares outstanding for AFG has been increased compared to 5 years ago.
AFG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.59 indicates that AFG is not a great score, but indicates only limited risk for bankruptcy at the moment.
AFG has a better Altman-Z score (2.59) than 73.81% of its industry peers.
The Debt to FCF ratio of AFG is 0.90, which is an excellent value as it means it would take AFG, only 0.90 years of fcf income to pay off all of its debts.
AFG has a Debt to FCF ratio of 0.90. This is amongst the best in the industry. AFG outperforms 97.62% of its industry peers.
AFG has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
AFG's Debt to Equity ratio of 0.36 is fine compared to the rest of the industry. AFG outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 0.9 | ||
| Altman-Z | 2.59 |
ROIC/WACC1.64
WACC8.41%
2.3 Liquidity
A Current Ratio of 0.62 indicates that AFG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.62, AFG is doing worse than 95.24% of the companies in the same industry.
A Quick Ratio of 0.56 indicates that AFG may have some problems paying its short term obligations.
AFG's Quick ratio of 0.56 is on the low side compared to the rest of the industry. AFG is outperformed by 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The earnings per share for AFG have decreased strongly by -58.26% in the last year.
AFG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.87% yearly.
AFG shows a decrease in Revenue. In the last year, the revenue decreased by -2.16%.
AFG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.22% yearly.
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%112.35%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%2.59%
3.2 Future
The Earnings Per Share is expected to grow by 32.28% 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 2.27% yearly.
EPS Next Y60.01%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
EPS Next 5Y32.28%
Revenue Next Year-1.37%
Revenue Next 2Y0.8%
Revenue Next 3Y1.87%
Revenue Next 5Y2.27%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AFG is valuated quite expensively with a Price/Earnings ratio of 38.61.
Compared to the rest of the industry, the Price/Earnings ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 73.81% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of AFG to the average of the S&P500 Index (28.87), we can say AFG is valued slightly more expensively.
With a Price/Forward Earnings ratio of 15.30, AFG is valued correctly.
AFG's Price/Forward Earnings is on the same level as the industry average.
AFG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.61 | ||
| Fwd PE | 15.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 64.29% of the companies listed in the same industry.
AFG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AFG is cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.87 | ||
| EV/EBITDA | 11.62 |
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 40.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y58.86%
EPS Next 3Y40.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.60%, AFG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.71, AFG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.46, AFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
5.2 History
The dividend of AFG decreases each year by -5.31%.
Dividend Growth(5Y)-5.31%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
74.80% of the earnings are spent on dividend by AFG. This is not a sustainable payout ratio.
DP74.8%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
OSL:AFG (4/29/2025, 4:19:46 PM)
144.4
+0.6 (+0.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners14.03%
Inst Owner ChangeN/A
Ins Owners23.78%
Ins Owner ChangeN/A
Market Cap15.67B
Analysts48
Price Target157.59 (9.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
Yearly Dividend6.47
Dividend Growth(5Y)-5.31%
DP74.8%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-53.98%
Min EPS beat(2)-103.85%
Max EPS beat(2)-4.1%
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)0
Avg Revenue beat(2)-2.41%
Min Revenue beat(2)-3.64%
Max Revenue beat(2)-1.18%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-3.89%
PT rev (3m)12.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.58%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.61 | ||
| Fwd PE | 15.3 | ||
| P/S | 0.52 | ||
| P/FCF | 7.87 | ||
| P/OCF | 7.87 | ||
| P/B | 6.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.62 |
EPS(TTM)3.74
EY2.59%
EPS(NY)9.44
Fwd EY6.54%
FCF(TTM)18.35
FCFY12.71%
OCF(TTM)18.35
OCFY12.71%
SpS280.29
BVpS20.94
TBVpS-21.63
PEG (NY)0.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 22.35% | ||
| ROCE | 17.67% | ||
| ROIC | 13.77% | ||
| ROICexc | 15.65% | ||
| ROICexgc | N/A | ||
| OM | 2.53% | ||
| PM (TTM) | 1.67% | ||
| GM | 32.83% | ||
| FCFM | 6.55% |
ROA(3y)5.72%
ROA(5y)6.27%
ROE(3y)30.96%
ROE(5y)33.87%
ROIC(3y)18.59%
ROIC(5y)18.1%
ROICexc(3y)21.46%
ROICexc(5y)22.05%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)23.85%
ROCE(5y)24.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-16.03%
ROICexc growth 5Y-17.59%
OM growth 3Y-17.95%
OM growth 5Y-13.5%
PM growth 3Y-28.44%
PM growth 5Y-20.37%
GM growth 3Y0.99%
GM growth 5Y-0.78%
F-Score4
Asset Turnover1.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 0.9 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 7.4 | ||
| Cash Conversion | 137.19% | ||
| Profit Quality | 392.13% | ||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 2.59 |
F-Score4
WACC8.41%
ROIC/WACC1.64
Cap/Depr(3y)61.5%
Cap/Depr(5y)56.39%
Cap/Sales(3y)1.14%
Cap/Sales(5y)1.13%
Profit Quality(3y)164.52%
Profit Quality(5y)146.42%
High Growth Momentum
Growth
EPS 1Y (TTM)-58.26%
EPS 3Y-26.11%
EPS 5Y-13.87%
EPS Q2Q%112.35%
EPS Next Y60.01%
EPS Next 2Y58.86%
EPS Next 3Y40.78%
EPS Next 5Y32.28%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%2.59%
Revenue Next Year-1.37%
Revenue Next 2Y0.8%
Revenue Next 3Y1.87%
Revenue Next 5Y2.27%
EBIT growth 1Y-10.05%
EBIT growth 3Y-14.55%
EBIT growth 5Y-4.66%
EBIT Next Year79.57%
EBIT Next 3Y37.93%
EBIT Next 5Y28.61%
FCF growth 1Y10.73%
FCF growth 3Y1.59%
FCF growth 5Y3.87%
OCF growth 1Y10.73%
OCF growth 3Y9.29%
OCF growth 5Y13.04%