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

OSL:AFG • NO0003078107

Current stock price

173.4 NOK
+3.4 (+2%)
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.
  • 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's Return On Assets of 6.39% is fine compared to the rest of the industry. AFG outperforms 71.74% of its industry peers.
  • AFG's Return On Equity of 37.64% is amongst the best of the industry. AFG outperforms 82.61% of its industry peers.
  • The Return On Invested Capital of AFG (18.83%) is better than 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 12.65%.
  • 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 41.30% of its industry peers.
  • AFG's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 4.64%, AFG is doing worse than 63.04% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AFG has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 34.96%, AFG is in line with its industry, outperforming 47.83% of the companies in the same 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. AFG.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AFG is creating value.
  • The number of shares outstanding for AFG has been increased compared to 1 year ago.
  • Compared to 5 years ago, AFG has more shares outstanding
  • 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

  • The Debt to FCF ratio of AFG is 0.50, which is an excellent value as it means it would take AFG, only 0.50 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AFG (0.50) is better than 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 better Debt to Equity ratio (0.39) than 63.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 0.5
Altman-Z N/A
ROIC/WACC2.28
WACC8.25%
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 97.83% of its industry peers.
  • AFG has a Quick 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.
  • AFG has a worse Quick ratio (0.70) than 95.65% of its industry peers.
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.
  • The Earnings Per Share has been growing slightly by 1.41% on average over the past years.
  • Looking at the last year, AFG shows a small growth in Revenue. The Revenue has grown by 4.42% in the last year.
  • The Revenue has been growing slightly by 3.43% on average over the past years.
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

  • AFG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.86% yearly.
  • 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 Y11.36%
EPS Next 2Y8.83%
EPS Next 3Y0.71%
EPS Next 5Y4.86%
Revenue Next Year6.43%
Revenue Next 2Y4.97%
Revenue Next 3Y4.1%
Revenue Next 5Y4.78%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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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Find the best growth stocksShow best growing peers

4

4. AFG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.44 indicates a rather expensive valuation of AFG.
  • Compared to the rest of the industry, the Price/Earnings ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 67.39% of the companies listed in the same industry.
  • AFG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.60.
  • The Price/Forward Earnings ratio is 15.66, 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 67.39% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, AFG is valued a bit cheaper.
Industry RankSector Rank
PE 17.44
Fwd PE 15.66
AFG.OL Price Earnings VS Forward Price EarningsAFG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • AFG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AFG is cheaper than 84.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.28
EV/EBITDA 8.07
AFG.OL Per share dataAFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200

4.3 Compensation for Growth

  • The 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)1.54
PEG (5Y)12.41
EPS Next 2Y8.83%
EPS Next 3Y0.71%

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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 3.80%.
  • AFG's Dividend Yield is a higher than the industry average which is at 2.48.
  • AFG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
Industry RankSector Rank
Dividend Yield 3.8%

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 2Y8.83%
EPS Next 3Y0.71%
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 (4/1/2026, 7:00:00 PM)

173.4

+3.4 (+2%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-13
Earnings (Next)05-13
Inst Owners15.18%
Inst Owner ChangeN/A
Ins Owners4.58%
Ins Owner ChangeN/A
Market Cap19.08B
Revenue(TTM)31.99B
Net Income(TTM)1.09B
Analysts46.67
Price Target192.44 (10.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.8%
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)1.8%
PT rev (3m)3.66%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-1.16%
EPS NY rev (1m)3.76%
EPS NY rev (3m)4.48%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-1.84%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 17.44
Fwd PE 15.66
P/S 0.6
P/FCF 6.28
P/OCF 6.28
P/B 6.58
P/tB N/A
EV/EBITDA 8.07
EPS(TTM)9.94
EY5.73%
EPS(NY)11.07
Fwd EY6.38%
FCF(TTM)27.6
FCFY15.92%
OCF(TTM)27.6
OCFY15.92%
SpS290.68
BVpS26.36
TBVpS-16.58
PEG (NY)1.54
PEG (5Y)12.41
Graham Number76.78
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
WACC8.25%
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 Y11.36%
EPS Next 2Y8.83%
EPS Next 3Y0.71%
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 4 / 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 17.44 and the Price/Book (PB) ratio is 6.58.


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%.