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EAM SOLAR ASA (EAM.OL) Stock Fundamental Analysis

OSL:EAM - Euronext Oslo - NO0010607781 - Common Stock - Currency: NOK

0.862  +0.19 (+27.89%)

Fundamental Rating

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We assign a fundamental rating of 1 out of 10 to EAM. EAM was compared to 22 industry peers in the Independent Power and Renewable Electricity Producers industry. EAM may be in some trouble as it scores bad on both profitability and health. EAM does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

EAM had negative earnings in the past year.
EAM had a positive operating cash flow in the past year.
EAM had negative earnings in each of the past 5 years.
EAM had negative operating cash flow in 4 of the past 5 years.
EAM.OL Yearly Net Income VS EBIT VS OCF VS FCFEAM.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -20M -40M -60M

1.2 Ratios

EAM has a worse Return On Assets (-5.03%) than 77.27% of its industry peers.
With a Return On Equity value of -43.87%, EAM is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -5.03%
ROE -43.87%
ROIC N/A
ROA(3y)-20.88%
ROA(5y)-12.98%
ROE(3y)-60.56%
ROE(5y)-37.13%
ROIC(3y)N/A
ROIC(5y)N/A
EAM.OL Yearly ROA, ROE, ROICEAM.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100 200

1.3 Margins

The Gross Margin of EAM (78.15%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of EAM has declined.
The Profit Margin and Operating Margin are not available for EAM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 78.15%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.96%
GM growth 5Y-2.88%
EAM.OL Yearly Profit, Operating, Gross MarginsEAM.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -200 -400 -600 -800 -1K

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2. Health

2.1 Basic Checks

EAM does not have a ROIC to compare to the WACC, probably because it is not profitable.
EAM has about the same amout of shares outstanding than it did 1 year ago.
EAM has more shares outstanding than it did 5 years ago.
EAM has a worse debt/assets ratio than last year.
EAM.OL Yearly Shares OutstandingEAM.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
EAM.OL Yearly Total Debt VS Total AssetsEAM.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

The Debt to FCF ratio of EAM is 9.10, which is on the high side as it means it would take EAM, 9.10 years of fcf income to pay off all of its debts.
EAM has a better Debt to FCF ratio (9.10) than 72.73% of its industry peers.
EAM has a Debt/Equity ratio of 2.79. This is a high value indicating a heavy dependency on external financing.
EAM has a worse Debt to Equity ratio (2.79) than 77.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF 9.1
Altman-Z N/A
ROIC/WACCN/A
WACC8.35%
EAM.OL Yearly LT Debt VS Equity VS FCFEAM.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M -20M

2.3 Liquidity

A Current Ratio of 0.84 indicates that EAM may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.84, EAM is doing worse than 68.18% of the companies in the same industry.
EAM has a Quick Ratio of 0.84. This is a bad value and indicates that EAM is not financially healthy enough and could expect problems in meeting its short term obligations.
EAM has a worse Quick ratio (0.84) than 68.18% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.84
EAM.OL Yearly Current Assets VS Current LiabilitesEAM.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 82.51% over the past year.
The Revenue has grown by 45.19% in the past year. This is a very strong growth!
Measured over the past years, EAM shows a very negative growth in Revenue. The Revenue has been decreasing by -25.43% on average per year.
EPS 1Y (TTM)82.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%102.5%
Revenue 1Y (TTM)45.19%
Revenue growth 3Y-7.91%
Revenue growth 5Y-25.43%
Sales Q2Q%24.62%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EAM.OL Yearly Revenue VS EstimatesEAM.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
EAM.OL Yearly EPS VS EstimatesEAM.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -0 -0 -0.01 -0.01 -0.01

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for EAM. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
EAM.OL Price Earnings VS Forward Price EarningsEAM.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EAM is valued a bit more expensive than 63.64% of the companies in the same industry.
EAM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. EAM is cheaper than 72.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 89.52
EV/EBITDA 161.18
EAM.OL Per share dataEAM.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -0.2 -0.4 -0.6

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5. Dividend

5.1 Amount

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

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EAM SOLAR ASA

OSL:EAM (3/10/2025, 11:07:55 AM)

0.862

+0.19 (+27.89%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-27 2025-02-27
Earnings (Next)05-22 2025-05-22
Inst Owners0.3%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap347.38M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 20.2
P/FCF 89.52
P/OCF 89.52
P/B 32.6
P/tB 32.88
EV/EBITDA 161.18
EPS(TTM)-0.76
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.01
FCFY1.12%
OCF(TTM)0.01
OCFY1.12%
SpS0.04
BVpS0.03
TBVpS0.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.03%
ROE -43.87%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 78.15%
FCFM 22.57%
ROA(3y)-20.88%
ROA(5y)-12.98%
ROE(3y)-60.56%
ROE(5y)-37.13%
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-2.96%
GM growth 5Y-2.88%
F-Score6
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF 9.1
Debt/EBITDA 15.64
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage N/A
Cash Conversion 204.46%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.84
Altman-Z N/A
F-Score6
WACC8.35%
ROIC/WACCN/A
Cap/Depr(3y)1.06%
Cap/Depr(5y)0.83%
Cap/Sales(3y)0.52%
Cap/Sales(5y)0.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)82.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%102.5%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)45.19%
Revenue growth 3Y-7.91%
Revenue growth 5Y-25.43%
Sales Q2Q%24.62%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y69.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y202.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y204.33%
OCF growth 3YN/A
OCF growth 5YN/A