Logo image of AIRX.OL

AIRTHINGS ASA (AIRX.OL) Stock Fundamental Analysis

OSL:AIRX - Euronext Oslo - NO0010895568 - Common Stock - Currency: NOK

1.25  +0.05 (+4.17%)

Fundamental Rating

3

AIRX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 51 industry peers in the Electronic Equipment, Instruments & Components industry. AIRX scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, AIRX is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

In the past year AIRX has reported negative net income.
In the past year AIRX has reported a negative cash flow from operations.
AIRX had negative earnings in each of the past 5 years.
In the past 5 years AIRX always reported negative operating cash flow.
AIRX.OL Yearly Net Income VS EBIT VS OCF VS FCFAIRX.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M -20M

1.2 Ratios

AIRX has a worse Return On Assets (-41.25%) than 89.58% of its industry peers.
The Return On Equity of AIRX (-62.19%) is worse than 81.25% of its industry peers.
Industry RankSector Rank
ROA -41.25%
ROE -62.19%
ROIC N/A
ROA(3y)-22.5%
ROA(5y)-16.14%
ROE(3y)-31.8%
ROE(5y)-22.3%
ROIC(3y)N/A
ROIC(5y)N/A
AIRX.OL Yearly ROA, ROE, ROICAIRX.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

The Gross Margin of AIRX (56.25%) is better than 75.00% of its industry peers.
In the last couple of years the Gross Margin of AIRX has declined.
The Profit Margin and Operating Margin are not available for AIRX so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 56.25%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.14%
GM growth 5Y-8.15%
AIRX.OL Yearly Profit, Operating, Gross MarginsAIRX.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

More info and screens

5

2. Health

2.1 Basic Checks

AIRX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AIRX has about the same amount of shares outstanding.
Compared to 5 years ago, AIRX has more shares outstanding
The debt/assets ratio for AIRX is higher compared to a year ago.
AIRX.OL Yearly Shares OutstandingAIRX.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
AIRX.OL Yearly Total Debt VS Total AssetsAIRX.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

An Altman-Z score of 1.82 indicates that AIRX 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 1.82, AIRX is doing worse than 64.58% of the companies in the same industry.
A Debt/Equity ratio of 0.08 indicates that AIRX is not too dependend on debt financing.
The Debt to Equity ratio of AIRX (0.08) is better than 87.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF N/A
Altman-Z 1.82
ROIC/WACCN/A
WACC8.15%
AIRX.OL Yearly LT Debt VS Equity VS FCFAIRX.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M

2.3 Liquidity

A Current Ratio of 2.85 indicates that AIRX has no problem at all paying its short term obligations.
AIRX has a better Current ratio (2.85) than 87.50% of its industry peers.
A Quick Ratio of 1.99 indicates that AIRX should not have too much problems paying its short term obligations.
The Quick ratio of AIRX (1.99) is better than 85.42% of its industry peers.
Industry RankSector Rank
Current Ratio 2.85
Quick Ratio 1.99
AIRX.OL Yearly Current Assets VS Current LiabilitesAIRX.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

More info and screens

5

3. Growth

3.1 Past

The earnings per share for AIRX have decreased strongly by -222.74% in the last year.
AIRX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.20%.
AIRX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.75% yearly.
EPS 1Y (TTM)-222.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-600%
Revenue 1Y (TTM)5.2%
Revenue growth 3Y20.55%
Revenue growth 5Y24.75%
Sales Q2Q%-0.13%

3.2 Future

AIRX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.16% yearly.
The Revenue is expected to grow by 11.12% on average over the next years. This is quite good.
EPS Next Y-2%
EPS Next 2Y32.1%
EPS Next 3Y24.18%
EPS Next 5Y22.16%
Revenue Next Year4.89%
Revenue Next 2Y10.42%
Revenue Next 3Y12.1%
Revenue Next 5Y11.12%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
AIRX.OL Yearly Revenue VS EstimatesAIRX.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10M 20M 30M 40M 50M
AIRX.OL Yearly EPS VS EstimatesAIRX.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 -0.01 -0.02 -0.03 -0.04 -0.05

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

AIRX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year AIRX is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AIRX.OL Price Earnings VS Forward Price EarningsAIRX.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AIRX.OL Per share dataAIRX.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

A more expensive valuation may be justified as AIRX's earnings are expected to grow with 24.18% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.1%
EPS Next 3Y24.18%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for AIRX!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

AIRTHINGS ASA

OSL:AIRX (4/25/2025, 7:00:00 PM)

1.25

+0.05 (+4.17%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-06 2025-02-06/bmo
Earnings (Next)05-06 2025-05-06
Inst Owners11.34%
Inst Owner ChangeN/A
Ins Owners8.08%
Ins Owner ChangeN/A
Market Cap249.13M
Analysts80
Price Target2.63 (110.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)0
Avg Revenue beat(2)-6.89%
Min Revenue beat(2)-8.3%
Max Revenue beat(2)-5.47%
Revenue beat(4)0
Avg Revenue beat(4)-9.72%
Min Revenue beat(4)-15.23%
Max Revenue beat(4)-5.47%
Revenue beat(8)2
Avg Revenue beat(8)-4.91%
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)-9.65%
PT rev (3m)-16.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-325.23%
Revenue NQ rev (1m)-3.1%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.08%
Revenue NY rev (3m)-2.02%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.62
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB 0.95
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)-0.1
OCFYN/A
SpS2.01
BVpS1.49
TBVpS1.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -41.25%
ROE -62.19%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 56.25%
FCFM N/A
ROA(3y)-22.5%
ROA(5y)-16.14%
ROE(3y)-31.8%
ROE(5y)-22.3%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.14%
GM growth 5Y-8.15%
F-Score3
Asset Turnover0.9
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1.57%
Cap/Sales 0.19%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.85
Quick Ratio 1.99
Altman-Z 1.82
F-Score3
WACC8.15%
ROIC/WACCN/A
Cap/Depr(3y)6.5%
Cap/Depr(5y)22.17%
Cap/Sales(3y)0.47%
Cap/Sales(5y)0.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-222.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-600%
EPS Next Y-2%
EPS Next 2Y32.1%
EPS Next 3Y24.18%
EPS Next 5Y22.16%
Revenue 1Y (TTM)5.2%
Revenue growth 3Y20.55%
Revenue growth 5Y24.75%
Sales Q2Q%-0.13%
Revenue Next Year4.89%
Revenue Next 2Y10.42%
Revenue Next 3Y12.1%
Revenue Next 5Y11.12%
EBIT growth 1Y-21.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year115.68%
EBIT Next 3Y39.71%
EBIT Next 5YN/A
FCF growth 1Y41.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.37%
OCF growth 3YN/A
OCF growth 5YN/A