AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:AFG - NO0003078107 - Common Stock
188.2 NOK
+1.6 (+0.86%)
Overall AFG gets a fundamental rating of 5 out of 10. We evaluated AFG against 41 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AFG had positive earnings in the past year.
AFG had a positive operating cash flow in the past year.
In the past 5 years AFG has always been profitable.
In the past 5 years AFG always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.31%, AFG is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
AFG has a Return On Equity of 39.28%. This is in the better half of the industry: AFG outperforms 78.05% of its industry peers.
AFG has a Return On Invested Capital of 19.85%. This is amongst the best in the industry. AFG outperforms 87.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AFG is above the industry average of 10.84%.
The last Return On Invested Capital (19.85%) for AFG is above the 3 year average (15.77%), which is a sign of increasing profitability.
| 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
AFG has a Profit Margin of 3.21%. This is comparable to the rest of the industry: AFG outperforms 41.46% of its industry peers.
In the last couple of years the Profit Margin of AFG has declined.
With a Operating Margin value of 4.52%, AFG is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
AFG's Operating Margin has declined in the last couple of years.
AFG's Gross Margin of 35.36% is on the low side compared to the rest of the industry. AFG is outperformed by 60.98% of its industry peers.
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.
AFG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AFG has more shares outstanding
The debt/assets ratio for AFG has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.06 indicates that AFG is not in any danger for bankruptcy at the moment.
The Altman-Z score of AFG (3.06) is better than 85.37% of its industry peers.
The Debt to FCF ratio of AFG is 0.71, which is an excellent value as it means it would take AFG, only 0.71 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AFG (0.71) is better than 92.68% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that AFG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, AFG is in the better half of the industry, outperforming 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 3.06 |
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.
AFG has a Current ratio of 0.65. This is amonst the worse of the industry: AFG underperforms 97.56% of its industry peers.
A Quick Ratio of 0.62 indicates that AFG may have some problems paying its short term obligations.
AFG has a Quick ratio of 0.62. This is amonst the worse of the industry: AFG underperforms 95.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for AFG have decreased strongly by -58.26% in the last year.
The earnings per share for AFG have been decreasing by -13.87% on average. This is quite bad
AFG shows a decrease in Revenue. In the last year, the revenue decreased by -2.16%.
Measured over the past years, AFG shows a quite strong growth in Revenue. The Revenue has been growing by 10.22% on average per year.
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
AFG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.61% yearly.
Based on estimates for the next years, AFG will show a small growth in Revenue. The Revenue will grow by 3.15% on average per year.
EPS Next Y60.01%
EPS Next 2Y61.77%
EPS Next 3Y41.5%
EPS Next 5Y32.61%
Revenue Next Year-1.37%
Revenue Next 2Y1.69%
Revenue Next 3Y3.06%
Revenue Next 5Y3.15%
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
With a Price/Earnings ratio of 19.71, AFG is valued on the expensive side.
Based on the Price/Earnings ratio, AFG is valued a bit more expensive than 63.41% of the companies in the same industry.
When comparing the Price/Earnings ratio of AFG to the average of the S&P500 Index (26.51), we can say AFG is valued slightly cheaper.
AFG is valuated rather expensively with a Price/Forward Earnings ratio of 19.23.
Based on the Price/Forward Earnings ratio, AFG is valued a bit more expensive than 68.29% of the companies in the same industry.
AFG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.71 | ||
| Fwd PE | 19.23 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a somewhat cheap valuation: AFG is cheaper than 70.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.86 | ||
| EV/EBITDA | 10.1 |
4.3 Compensation for Growth
The 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 41.50% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y61.77%
EPS Next 3Y41.5%
5. Dividend
5.1 Amount
AFG has a Yearly Dividend Yield of 2.68%. Purely for dividend investing, there may be better candidates out there.
AFG's Dividend Yield is comparable with the industry average which is at 2.35.
AFG's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.68% |
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 2Y61.77%
EPS Next 3Y41.5%
OSL:AFG (12/30/2025, 7:00:00 PM)
188.2
+1.6 (+0.86%)
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 Cap20.71B
Revenue(TTM)30.53B
Net Income(TTM)986.00M
Analysts46.67
Price Target185.64 (-1.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.68% |
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)10.3%
PT rev (3m)12.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-0.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.38%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.71 | ||
| Fwd PE | 19.23 | ||
| P/S | 0.67 | ||
| P/FCF | 8.86 | ||
| P/OCF | 8.86 | ||
| P/B | 8.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.1 |
EPS(TTM)9.55
EY5.07%
EPS(NY)9.79
Fwd EY5.2%
FCF(TTM)21.24
FCFY11.29%
OCF(TTM)21.24
OCFY11.29%
SpS279.27
BVpS22.81
TBVpS-19.41
PEG (NY)0.33
PEG (5Y)N/A
Graham Number70
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 | 3.06 |
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 2Y61.77%
EPS Next 3Y41.5%
EPS Next 5Y32.61%
Revenue 1Y (TTM)-2.16%
Revenue growth 3Y4.15%
Revenue growth 5Y10.22%
Sales Q2Q%8.31%
Revenue Next Year-1.37%
Revenue Next 2Y1.69%
Revenue Next 3Y3.06%
Revenue Next 5Y3.15%
EBIT growth 1Y119.94%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year133.4%
EBIT Next 3Y38.96%
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.
What is the valuation status of AF GRUPPEN ASA (AFG.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to AF GRUPPEN ASA (AFG.OL). This can be considered as Fairly Valued.
What is the profitability of AFG stock?
AF GRUPPEN ASA (AFG.OL) has a profitability rating of 6 / 10.
What is the valuation of AF GRUPPEN ASA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for AF GRUPPEN ASA (AFG.OL) is 19.71 and the Price/Book (PB) ratio is 8.25.
What is the expected EPS growth for AF GRUPPEN ASA (AFG.OL) stock?
The Earnings per Share (EPS) of AF GRUPPEN ASA (AFG.OL) is expected to grow by 60.01% in the next year.