AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
OSL:AFG - Euronext Oslo - NO0003078107 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to AFG. AFG was compared to 41 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.
AFG had a positive operating cash flow in the past year.
Each year in the past 5 years AFG has been profitable.
Each year in the past 5 years AFG had a positive operating cash flow.
1.2 Ratios
AFG has a better Return On Assets (4.70%) than 60.98% of its industry peers.
With a decent Return On Equity value of 25.48%, AFG is doing good in the industry, outperforming 78.05% of the companies in the same industry.
The Return On Invested Capital of AFG (15.54%) is better than 85.37% 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 10.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 25.48% | ||
| ROIC | 15.54% |
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
AFG has a Profit Margin of 2.31%. This is in the lower half of the industry: AFG underperforms 60.98% of its industry peers.
AFG's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.48%, AFG is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
AFG's Operating Margin has declined in the last couple of years.
AFG has a Gross Margin (34.28%) which is comparable to the rest of the industry.
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 | 3.48% | ||
| PM (TTM) | 2.31% | ||
| GM | 34.28% |
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
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.
AFG has more shares outstanding than it did 5 years ago.
AFG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.99 indicates that AFG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.99, AFG is in the better half of the industry, outperforming 78.05% of the companies in the same industry.
The Debt to FCF ratio of AFG is 0.48, which is an excellent value as it means it would take AFG, only 0.48 years of fcf income to pay off all of its debts.
AFG has a Debt to FCF ratio of 0.48. This is amongst the best in the industry. AFG outperforms 95.12% of its industry peers.
AFG has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
AFG's Debt to Equity ratio of 0.30 is fine compared to the rest of the industry. AFG outperforms 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.48 | ||
| Altman-Z | 2.99 |
ROIC/WACC1.83
WACC8.47%
2.3 Liquidity
A Current Ratio of 0.66 indicates that AFG may have some problems paying its short term obligations.
AFG's Current ratio of 0.66 is on the low side compared to the rest of the industry. AFG is outperformed by 95.12% of its industry peers.
A Quick Ratio of 0.61 indicates that AFG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.61, AFG is doing worse than 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.96% over the past year.
The Earnings Per Share has been decreasing by -5.07% on average over the past years.
AFG shows a small growth in Revenue. In the last year, the Revenue has grown by 0.84%.
The Revenue has been growing slightly by 6.26% on average over the past years.
EPS 1Y (TTM)27.96%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%-2.31%
Revenue 1Y (TTM)0.84%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%-0.81%
3.2 Future
Based on estimates for the next years, AFG will show a very strong growth in Earnings Per Share. The EPS will grow by 24.15% on average per year.
AFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.65% yearly.
EPS Next Y57.72%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
EPS Next 5YN/A
Revenue Next Year3.09%
Revenue Next 2Y3.66%
Revenue Next 3Y3.65%
Revenue Next 5YN/A
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
The Price/Earnings ratio is 23.73, which indicates a rather expensive current valuation of AFG.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than the industry average as 68.29% of the companies are valued more cheaply.
AFG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 14.76, which indicates a correct valuation of AFG.
AFG's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AFG is more expensive than 60.98% of the companies in the same industry.
AFG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.73 | ||
| Fwd PE | 14.76 |
4.2 Price Multiples
AFG's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a somewhat cheap valuation: AFG is cheaper than 78.05% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.91 | ||
| EV/EBITDA | 9.37 |
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's earnings are expected to grow with 24.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y32.06%
EPS Next 3Y24.15%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 3.34%.
Compared to an average industry Dividend Yield of 3.78, AFG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, AFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
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 53.82% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.82%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
OSL:AFG (7/3/2025, 4:18:33 PM)
154
+0.4 (+0.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners14.86%
Inst Owner ChangeN/A
Ins Owners4.64%
Ins Owner ChangeN/A
Market Cap16.71B
Analysts46
Price Target145.35 (-5.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP53.82%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.5%
Min EPS beat(2)-27.73%
Max EPS beat(2)16.74%
EPS beat(4)1
Avg EPS beat(4)-29.74%
Min EPS beat(4)-103.85%
Max EPS beat(4)16.74%
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)-1.02%
Min Revenue beat(2)-5.26%
Max Revenue beat(2)3.22%
Revenue beat(4)1
Avg Revenue beat(4)-1.72%
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)-7.77%
PT rev (3m)-11.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.73 | ||
| Fwd PE | 14.76 | ||
| P/S | 0.55 | ||
| P/FCF | 6.91 | ||
| P/OCF | 6.91 | ||
| P/B | 6.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.37 |
EPS(TTM)6.49
EY4.21%
EPS(NY)10.44
Fwd EY6.78%
FCF(TTM)22.29
FCFY14.47%
OCF(TTM)22.29
OCFY14.47%
SpS281.76
BVpS25.53
TBVpS-17.2
PEG (NY)0.41
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 25.48% | ||
| ROCE | 20.66% | ||
| ROIC | 15.54% | ||
| ROICexc | 19.45% | ||
| ROICexgc | N/A | ||
| OM | 3.48% | ||
| PM (TTM) | 2.31% | ||
| GM | 34.28% | ||
| FCFM | 7.91% |
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%
ROICexcg growth 3YN/A
ROICexcg 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-Score7
Asset Turnover2.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.48 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 10.14 | ||
| Cash Conversion | 134.91% | ||
| Profit Quality | 342.64% | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 2.99 |
F-Score7
WACC8.47%
ROIC/WACC1.83
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)27.96%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%-2.31%
EPS Next Y57.72%
EPS Next 2Y32.06%
EPS Next 3Y24.15%
EPS Next 5YN/A
Revenue 1Y (TTM)0.84%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%-0.81%
Revenue Next Year3.09%
Revenue Next 2Y3.66%
Revenue Next 3Y3.65%
Revenue Next 5YN/A
EBIT growth 1Y16.78%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year120.87%
EBIT Next 3Y37.09%
EBIT Next 5YN/A
FCF growth 1Y191.8%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y191.8%
OCF growth 3Y16.15%
OCF growth 5Y8.01%