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

OSL:AFG • NO0003078107

Current stock price

176.4 NOK
-1.4 (-0.79%)
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.
  • 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

  • AFG has a better Return On Assets (6.39%) than 76.09% of its industry peers.
  • The Return On Equity of AFG (37.64%) is better than 84.78% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 18.83%, AFG belongs to the top of the industry, outperforming 80.43% 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 11.98%.
  • 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 43.48% 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's Operating Margin of 4.64% is on the low side compared to the rest of the industry. AFG is outperformed by 60.87% 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 (34.96%) which is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AFG is creating value.
  • The number of shares outstanding for AFG has been increased compared to 1 year ago.
  • AFG has more shares outstanding than it did 5 years ago.
  • AFG has a worse debt/assets ratio than last year.
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's Debt to FCF ratio of 0.50 is amongst the best of the industry. AFG outperforms 91.30% of its industry peers.
  • A Debt/Equity ratio of 0.39 indicates that AFG is not too dependend on debt financing.
  • AFG has a Debt to Equity ratio of 0.39. This is in the better half 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.
  • The Current ratio of AFG (0.73) is worse than 95.65% of its industry peers.
  • 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.
  • AFG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.41% yearly.
  • 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

  • The Earnings Per Share is expected to grow by 4.86% on average over the next years.
  • Based on estimates for the next years, AFG will show a small growth in Revenue. The Revenue will grow by 4.78% on average per year.
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

  • With a Price/Earnings ratio of 17.75, AFG is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of AFG is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.18. AFG is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 16.11, which indicates a correct valuation of AFG.
  • Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than 63.04% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AFG to the average of the S&P500 Index (37.96), we can say AFG is valued rather cheaply.
Industry RankSector Rank
PE 17.75
Fwd PE 16.11
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFG is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, AFG is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.6
EV/EBITDA 8.57
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.
  • AFG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.75
PEG (5Y)12.63
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%.
  • Compared to an average industry Dividend Yield of 2.57, AFG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, AFG pays a better dividend.
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

  • 90.29% of the earnings are spent on dividend by AFG. 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 (4/13/2026, 7:00:00 PM)

176.4

-1.4 (-0.79%)

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 Cap20.05B
Revenue(TTM)31.99B
Net Income(TTM)1.09B
Analysts46.67
Price Target190.74 (8.13%)
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 17.75
Fwd PE 16.11
P/S 0.63
P/FCF 6.6
P/OCF 6.6
P/B 6.91
P/tB N/A
EV/EBITDA 8.57
EPS(TTM)9.94
EY5.63%
EPS(NY)10.95
Fwd EY6.21%
FCF(TTM)26.73
FCFY15.15%
OCF(TTM)26.73
OCFY15.15%
SpS281.45
BVpS25.52
TBVpS-16.06
PEG (NY)1.75
PEG (5Y)12.63
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 17.75 and the Price/Book (PB) ratio is 6.91.


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%.