AF GRUPPEN ASA (AFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:AFG - NO0003078107 - Common Stock
184.9 NOK
-0.7 (-0.38%)
Taking everything into account, AFG scores 5 out of 10 in our fundamental rating. AFG was compared to 43 industry peers in the Construction & Engineering industry. AFG has an average financial health and profitability rating. 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.
- AFG had positive earnings in each of the past 5 years.
- In the past 5 years AFG always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of AFG (6.16%) is better than 72.09% of its industry peers.
- AFG has a Return On Equity of 38.14%. This is in the better half of the industry: AFG outperforms 79.07% of its industry peers.
- The Return On Invested Capital of AFG (19.65%) is better than 86.05% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AFG is above the industry average of 11.24%.
- The 3 year average ROIC (15.77%) for AFG is below the current ROIC(19.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.16% | ||
| ROE | 38.14% | ||
| ROIC | 19.65% |
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
- Looking at the Profit Margin, with a value of 3.33%, AFG is in line with its industry, outperforming 44.19% of the companies in the same industry.
- AFG's Profit Margin has declined in the last couple of years.
- AFG's Operating Margin of 4.69% is on the low side compared to the rest of the industry. AFG is outperformed by 60.47% of its industry peers.
- AFG's Operating Margin has declined in the last couple of years.
- AFG has a Gross Margin (34.66%) which is in line with its industry peers.
- AFG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.69% | ||
| PM (TTM) | 3.33% | ||
| GM | 34.66% |
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.
- Compared to 1 year ago, AFG has more shares outstanding
- Compared to 5 years ago, AFG has more shares outstanding
- AFG has a better debt/assets ratio than last year.
2.2 Solvency
- AFG has an Altman-Z score of 2.95. This is not the best score and indicates that AFG is in the grey zone with still only limited risk for bankruptcy at the moment.
- The Altman-Z score of AFG (2.95) is better than 79.07% of its industry peers.
- The Debt to FCF ratio of AFG is 0.53, which is an excellent value as it means it would take AFG, only 0.53 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.53, AFG belongs to the top of the industry, outperforming 93.02% of the companies in the same industry.
- A Debt/Equity ratio of 0.45 indicates that AFG is not too dependend on debt financing.
- The Debt to Equity ratio of AFG (0.45) is better than 60.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | 2.95 |
ROIC/WACC2.33
WACC8.43%
2.3 Liquidity
- AFG has a Current Ratio of 0.70. 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 Current ratio of 0.70. This is amonst the worse of the industry: AFG underperforms 95.35% of its industry peers.
- A Quick Ratio of 0.67 indicates that AFG may have some problems paying its short term obligations.
- AFG's Quick ratio of 0.67 is on the low side compared to the rest of the industry. AFG is outperformed by 93.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 103.53% over the past year.
- The Earnings Per Share has been decreasing by -5.07% on average over the past years.
- The Revenue has been growing slightly by 3.01% in the past year.
- The Revenue has been growing slightly by 6.26% on average over the past years.
EPS 1Y (TTM)103.53%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%27.03%
Revenue 1Y (TTM)3.01%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%8.31%
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 24.56% on average per year.
- Based on estimates for the next years, AFG will show a small growth in Revenue. The Revenue will grow by 4.70% on average per year.
EPS Next Y63.54%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
EPS Next 5YN/A
Revenue Next Year4.86%
Revenue Next 2Y5.36%
Revenue Next 3Y4.7%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 19.36, the valuation of AFG can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of AFG indicates a slightly more expensive valuation: AFG is more expensive than 62.79% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of AFG to the average of the S&P500 Index (27.54), we can say AFG is valued slightly cheaper.
- A Price/Forward Earnings ratio of 17.45 indicates a rather expensive 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 69.77% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.31. AFG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.36 | ||
| Fwd PE | 17.45 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFG.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFG indicates a rather cheap valuation: AFG is cheaper than 81.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.81 | ||
| EV/EBITDA | 9.19 |
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 24.56% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y33.06%
EPS Next 3Y24.56%
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.
- Compared to an average industry Dividend Yield of 2.43, AFG has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.92, AFG pays a bit more dividend than the S&P500 average.
| 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 52.35% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP52.35%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
OSL:AFG (1/16/2026, 2:07:17 PM)
184.9
-0.7 (-0.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-14 2025-11-14/bmo
Earnings (Next)02-13 2026-02-13/amc
Inst Owners15.15%
Inst Owner ChangeN/A
Ins Owners4.58%
Ins Owner ChangeN/A
Market Cap20.35B
Revenue(TTM)31.34B
Net Income(TTM)1.04B
Analysts46.67
Price Target185.64 (0.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.68% |
Yearly Dividend3.49
Dividend Growth(5Y)-16.34%
DP52.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.94%
Min EPS beat(2)10.8%
Max EPS beat(2)29.08%
EPS beat(4)3
Avg EPS beat(4)7.22%
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)4.2%
Min Revenue beat(2)3.14%
Max Revenue beat(2)5.26%
Revenue beat(4)3
Avg Revenue beat(4)1.59%
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%
PT rev (3m)12.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.15%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.36 | ||
| Fwd PE | 17.45 | ||
| P/S | 0.65 | ||
| P/FCF | 6.81 | ||
| P/OCF | 6.81 | ||
| P/B | 7.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.19 |
EPS(TTM)9.55
EY5.16%
EPS(NY)10.59
Fwd EY5.73%
FCF(TTM)27.17
FCFY14.69%
OCF(TTM)27.17
OCFY14.69%
SpS284.71
BVpS24.85
TBVpS-17.63
PEG (NY)0.3
PEG (5Y)N/A
Graham Number73.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.16% | ||
| ROE | 38.14% | ||
| ROCE | 26.12% | ||
| ROIC | 19.65% | ||
| ROICexc | 27.64% | ||
| ROICexgc | N/A | ||
| OM | 4.69% | ||
| PM (TTM) | 3.33% | ||
| GM | 34.66% | ||
| FCFM | 9.54% |
ROA(3y)4.7%
ROA(5y)5.88%
ROE(3y)27.22%
ROE(5y)31.5%
ROIC(3y)15.77%
ROIC(5y)17.17%
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 Turnover1.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 0.53 | ||
| Debt/EBITDA | 0.55 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 18.61 | ||
| Cash Conversion | 134.93% | ||
| Profit Quality | 286.67% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 2.95 |
F-Score6
WACC8.43%
ROIC/WACC2.33
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)103.53%
EPS 3Y-12.01%
EPS 5Y-5.07%
EPS Q2Q%27.03%
EPS Next Y63.54%
EPS Next 2Y33.06%
EPS Next 3Y24.56%
EPS Next 5YN/A
Revenue 1Y (TTM)3.01%
Revenue growth 3Y3.21%
Revenue growth 5Y6.26%
Sales Q2Q%8.31%
Revenue Next Year4.86%
Revenue Next 2Y5.36%
Revenue Next 3Y4.7%
Revenue Next 5YN/A
EBIT growth 1Y90.91%
EBIT growth 3Y-10.31%
EBIT growth 5Y-2.07%
EBIT Next Year133.4%
EBIT Next 3Y38.96%
EBIT Next 5YN/A
FCF growth 1Y353.72%
FCF growth 3Y17.55%
FCF growth 5Y10.63%
OCF growth 1Y353.72%
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 19.36 and the Price/Book (PB) ratio is 7.44.
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 63.54% in the next year.