AKVA GROUP ASA (AKVA.OL) Fundamental Analysis & Valuation

OSL:AKVA • NO0003097503

Current stock price

108.5 NOK
+2 (+1.88%)
Last:

This AKVA.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AKVA.OL Profitability Analysis

1.1 Basic Checks

  • In the past year AKVA was profitable.
  • In the past year AKVA had a positive cash flow from operations.
  • In multiple years AKVA reported negative net income over the last 5 years.
  • AKVA had a positive operating cash flow in each of the past 5 years.
AKVA.OL Yearly Net Income VS EBIT VS OCF VS FCFAKVA.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 0 200M 400M

1.2 Ratios

  • With a decent Return On Assets value of 4.28%, AKVA is doing good in the industry, outperforming 65.42% of the companies in the same industry.
  • The Return On Equity of AKVA (13.14%) is better than 79.44% of its industry peers.
  • The Return On Invested Capital of AKVA (7.40%) is better than 65.42% of its industry peers.
  • AKVA had an Average Return On Invested Capital over the past 3 years of 4.56%. This is below the industry average of 8.46%.
  • The 3 year average ROIC (4.56%) for AKVA is below the current ROIC(7.40%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.28%
ROE 13.14%
ROIC 7.4%
ROA(3y)2.34%
ROA(5y)0.73%
ROE(3y)7.18%
ROE(5y)2.19%
ROIC(3y)4.56%
ROIC(5y)N/A
AKVA.OL Yearly ROA, ROE, ROICAKVA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • AKVA's Profit Margin of 4.10% is in line compared to the rest of the industry. AKVA outperforms 56.07% of its industry peers.
  • AKVA's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 6.35%, AKVA is in line with its industry, outperforming 54.21% of the companies in the same industry.
  • AKVA's Operating Margin has improved in the last couple of years.
  • AKVA has a Gross Margin (42.70%) which is comparable to the rest of the industry.
  • AKVA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.35%
PM (TTM) 4.1%
GM 42.7%
OM growth 3YN/A
OM growth 5Y6.39%
PM growth 3YN/A
PM growth 5Y7.37%
GM growth 3Y5.32%
GM growth 5Y1.5%
AKVA.OL Yearly Profit, Operating, Gross MarginsAKVA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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3

2. AKVA.OL Health Analysis

2.1 Basic Checks

  • AKVA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, AKVA has more shares outstanding
  • The number of shares outstanding for AKVA has been increased compared to 5 years ago.
  • Compared to 1 year ago, AKVA has an improved debt to assets ratio.
AKVA.OL Yearly Shares OutstandingAKVA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
AKVA.OL Yearly Total Debt VS Total AssetsAKVA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • The Debt to FCF ratio of AKVA is 4.29, which is a neutral value as it means it would take AKVA, 4.29 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AKVA (4.29) is better than 65.42% of its industry peers.
  • AKVA has a Debt/Equity ratio of 0.98. This is a neutral value indicating AKVA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.98, AKVA is not doing good in the industry: 76.64% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.29
Altman-Z N/A
ROIC/WACC1.08
WACC6.83%
AKVA.OL Yearly LT Debt VS Equity VS FCFAKVA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.25 indicates that AKVA should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.25, AKVA is doing worse than 63.55% of the companies in the same industry.
  • A Quick Ratio of 0.78 indicates that AKVA may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.78, AKVA is not doing good in the industry: 70.09% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.78
AKVA.OL Yearly Current Assets VS Current LiabilitesAKVA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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8

3. AKVA.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 60.00% over the past year.
  • The Earnings Per Share has been growing by 13.79% on average over the past years. This is quite good.
  • Looking at the last year, AKVA shows a very strong growth in Revenue. The Revenue has grown by 22.30%.
  • Measured over the past years, AKVA shows a small growth in Revenue. The Revenue has been growing by 6.87% on average per year.
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y13.79%
EPS Q2Q%470%
Revenue 1Y (TTM)22.3%
Revenue growth 3Y9.88%
Revenue growth 5Y6.87%
Sales Q2Q%40.51%

3.2 Future

  • The Earnings Per Share is expected to grow by 21.08% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 10.05% on average over the next years. This is quite good.
EPS Next Y9.27%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
EPS Next 5Y21.08%
Revenue Next Year10.5%
Revenue Next 2Y11.92%
Revenue Next 3Y9.7%
Revenue Next 5Y10.05%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AKVA.OL Yearly Revenue VS EstimatesAKVA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
AKVA.OL Yearly EPS VS EstimatesAKVA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 10

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4

4. AKVA.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.88 indicates a rather expensive valuation of AKVA.
  • AKVA's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of AKVA to the average of the S&P500 Index (25.23), we can say AKVA is valued inline with the index average.
  • AKVA is valuated rather expensively with a Price/Forward Earnings ratio of 20.02.
  • AKVA's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.42, AKVA is valued at the same level.
Industry RankSector Rank
PE 21.88
Fwd PE 20.02
AKVA.OL Price Earnings VS Forward Price EarningsAKVA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AKVA.
  • Based on the Price/Free Cash Flow ratio, AKVA is valued a bit cheaper than the industry average as 70.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.82
EV/EBITDA 10.23
AKVA.OL Per share dataAKVA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AKVA does not grow enough to justify the current Price/Earnings ratio.
  • AKVA has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AKVA's earnings are expected to grow with 20.37% in the coming years.
PEG (NY)2.36
PEG (5Y)1.59
EPS Next 2Y30.88%
EPS Next 3Y20.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. AKVA.OL Dividend Analysis

5.1 Amount

  • AKVA has a Yearly Dividend Yield of 1.91%.
  • AKVA's Dividend Yield is a higher than the industry average which is at 1.54.
  • Compared to an average S&P500 Dividend Yield of 1.89, AKVA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.91%

5.2 History

  • The dividend of AKVA has a limited annual growth rate of 2.28%.
Dividend Growth(5Y)2.28%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • AKVA pays out 40.32% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of AKVA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.32%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
AKVA.OL Yearly Income VS Free CF VS DividendAKVA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M
AKVA.OL Dividend Payout.AKVA.OL Dividend Payout, showing the Payout Ratio.AKVA.OL Dividend Payout.PayoutRetained Earnings

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AKVA.OL Fundamentals: All Metrics, Ratios and Statistics

AKVA GROUP ASA

OSL:AKVA (3/23/2026, 4:17:27 PM)

108.5

+2 (+1.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-13
Earnings (Next)05-07
Inst Owners18.98%
Inst Owner ChangeN/A
Ins Owners1.43%
Ins Owner ChangeN/A
Market Cap3.98B
Revenue(TTM)4.40B
Net Income(TTM)180.39M
Analysts84.44
Price Target132.6 (22.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
Yearly Dividend2
Dividend Growth(5Y)2.28%
DP40.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)335.07%
Min EPS beat(2)110.6%
Max EPS beat(2)559.54%
EPS beat(4)3
Avg EPS beat(4)181.39%
Min EPS beat(4)-5.88%
Max EPS beat(4)559.54%
EPS beat(8)6
Avg EPS beat(8)179.86%
EPS beat(12)7
Avg EPS beat(12)140.5%
EPS beat(16)8
Avg EPS beat(16)-475.89%
Revenue beat(2)1
Avg Revenue beat(2)8.15%
Min Revenue beat(2)-14.2%
Max Revenue beat(2)30.5%
Revenue beat(4)1
Avg Revenue beat(4)2.82%
Min Revenue beat(4)-14.2%
Max Revenue beat(4)30.5%
Revenue beat(8)2
Avg Revenue beat(8)-0.56%
Revenue beat(12)5
Avg Revenue beat(12)-0.04%
Revenue beat(16)7
Avg Revenue beat(16)-0.39%
PT rev (1m)9.24%
PT rev (3m)12.55%
EPS NQ rev (1m)-6.25%
EPS NQ rev (3m)-6.25%
EPS NY rev (1m)4.59%
EPS NY rev (3m)4.59%
Revenue NQ rev (1m)-3.77%
Revenue NQ rev (3m)-3.77%
Revenue NY rev (1m)2.97%
Revenue NY rev (3m)2.97%
Valuation
Industry RankSector Rank
PE 21.88
Fwd PE 20.02
P/S 0.9
P/FCF 10.82
P/OCF 7.31
P/B 2.9
P/tB N/A
EV/EBITDA 10.23
EPS(TTM)4.96
EY4.57%
EPS(NY)5.42
Fwd EY5%
FCF(TTM)10.03
FCFY9.25%
OCF(TTM)14.83
OCFY13.67%
SpS120.12
BVpS37.45
TBVpS-6.73
PEG (NY)2.36
PEG (5Y)1.59
Graham Number64.65
Profitability
Industry RankSector Rank
ROA 4.28%
ROE 13.14%
ROCE 9.61%
ROIC 7.4%
ROICexc 8.21%
ROICexgc 21.45%
OM 6.35%
PM (TTM) 4.1%
GM 42.7%
FCFM 8.35%
ROA(3y)2.34%
ROA(5y)0.73%
ROE(3y)7.18%
ROE(5y)2.19%
ROIC(3y)4.56%
ROIC(5y)N/A
ROICexc(3y)5%
ROICexc(5y)N/A
ROICexgc(3y)12.42%
ROICexgc(5y)N/A
ROCE(3y)5.93%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-15.74%
ROICexc growth 3YN/A
ROICexc growth 5Y8.94%
OM growth 3YN/A
OM growth 5Y6.39%
PM growth 3YN/A
PM growth 5Y7.37%
GM growth 3Y5.32%
GM growth 5Y1.5%
F-Score7
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.29
Debt/EBITDA 2.66
Cap/Depr 77.01%
Cap/Sales 4%
Interest Coverage 12.86
Cash Conversion 107.01%
Profit Quality 203.92%
Current Ratio 1.25
Quick Ratio 0.78
Altman-Z N/A
F-Score7
WACC6.83%
ROIC/WACC1.08
Cap/Depr(3y)95.37%
Cap/Depr(5y)81.65%
Cap/Sales(3y)5.29%
Cap/Sales(5y)4.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y13.79%
EPS Q2Q%470%
EPS Next Y9.27%
EPS Next 2Y30.88%
EPS Next 3Y20.37%
EPS Next 5Y21.08%
Revenue 1Y (TTM)22.3%
Revenue growth 3Y9.88%
Revenue growth 5Y6.87%
Sales Q2Q%40.51%
Revenue Next Year10.5%
Revenue Next 2Y11.92%
Revenue Next 3Y9.7%
Revenue Next 5Y10.05%
EBIT growth 1Y9.33%
EBIT growth 3YN/A
EBIT growth 5Y13.7%
EBIT Next Year119.15%
EBIT Next 3Y41.9%
EBIT Next 5Y29.45%
FCF growth 1Y1092.65%
FCF growth 3Y90.16%
FCF growth 5Y12.76%
OCF growth 1Y257.57%
OCF growth 3Y34.94%
OCF growth 5Y12.27%

AKVA GROUP ASA / AKVA.OL Fundamental Analysis FAQ

What is the fundamental rating for AKVA stock?

ChartMill assigns a fundamental rating of 5 / 10 to AKVA.OL.


What is the valuation status for AKVA stock?

ChartMill assigns a valuation rating of 4 / 10 to AKVA GROUP ASA (AKVA.OL). This can be considered as Fairly Valued.


What is the profitability of AKVA stock?

AKVA GROUP ASA (AKVA.OL) has a profitability rating of 6 / 10.


What is the valuation of AKVA GROUP ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AKVA GROUP ASA (AKVA.OL) is 21.88 and the Price/Book (PB) ratio is 2.9.


What is the expected EPS growth for AKVA GROUP ASA (AKVA.OL) stock?

The Earnings per Share (EPS) of AKVA GROUP ASA (AKVA.OL) is expected to grow by 9.27% in the next year.