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

OSL:AFG • NO0003078107

Current stock price

178.8 NOK
+3.2 (+1.82%)
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.
  • 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.
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 75.00% of its industry peers.
  • AFG's Return On Equity of 37.64% is amongst the best of the industry. AFG outperforms 84.09% of its industry peers.
  • With an excellent Return On Invested Capital value of 18.83%, AFG belongs to the best of the industry, outperforming 84.09% 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 11.81%.
  • 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 (3.41%) which is comparable to the rest of the industry.
  • AFG's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 4.64%, AFG perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • AFG's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 34.96%, AFG is in line with its industry, outperforming 47.73% 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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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.
  • 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 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.
  • Looking at the Debt to FCF ratio, with a value of 0.50, AFG belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • A Debt/Equity ratio of 0.39 indicates that AFG is not too dependend on debt financing.
  • The Debt to Equity ratio of AFG (0.39) is better than 63.64% 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 95.45% of its industry peers.
  • A Quick Ratio of 0.70 indicates that AFG may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.70, AFG is not doing good in the industry: 93.18% of the companies in the same industry are doing better.
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

  • AFG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.78%, which is quite impressive.
  • Measured over the past 5 years, AFG shows a small growth in Earnings Per Share. The EPS has been growing by 1.41% on average per year.
  • 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

  • The Earnings Per Share is expected to grow by 4.86% on average over the next years.
  • AFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.78% yearly.
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

  • 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 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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4

4. AFG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.99, which indicates a rather expensive current valuation of AFG.
  • AFG's Price/Earnings ratio is in line with the industry average.
  • AFG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.78.
  • The Price/Forward Earnings ratio is 16.15, which indicates a correct valuation of AFG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 63.64% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. AFG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.99
Fwd PE 16.15
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a rather cheap valuation: AFG is cheaper than 84.09% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.48
EV/EBITDA 8.18
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

  • AFG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of AFG may justify a higher PE ratio.
PEG (NY)1.58
PEG (5Y)12.8
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 3.88%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.69, AFG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, AFG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.88%

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 (4/10/2026, 4:19:51 PM)

178.8

+3.2 (+1.82%)

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 Cap19.68B
Revenue(TTM)31.99B
Net Income(TTM)1.09B
Analysts46.67
Price Target192.44 (7.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.88%
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)-1.75%
EPS NQ rev (3m)-2.89%
EPS NY rev (1m)0%
EPS NY rev (3m)4.48%
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 17.99
Fwd PE 16.15
P/S 0.62
P/FCF 6.48
P/OCF 6.48
P/B 6.78
P/tB N/A
EV/EBITDA 8.18
EPS(TTM)9.94
EY5.56%
EPS(NY)11.07
Fwd EY6.19%
FCF(TTM)27.6
FCFY15.44%
OCF(TTM)27.6
OCFY15.44%
SpS290.68
BVpS26.36
TBVpS-16.58
PEG (NY)1.58
PEG (5Y)12.8
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
WACC8.26%
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 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 17.99 and the Price/Book (PB) ratio is 6.78.


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%.