ELKEM ASA (ELK.OL) Fundamental Analysis & Valuation

OSL:ELK • NO0010816093

Current stock price

28.48 NOK
-0.56 (-1.93%)
Last:

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

4

1. ELK.OL Profitability Analysis

1.1 Basic Checks

  • In the past year ELK has reported negative net income.
  • ELK had a positive operating cash flow in the past year.
  • ELK had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years ELK had a positive operating cash flow.
ELK.OL Yearly Net Income VS EBIT VS OCF VS FCFELK.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 2B -2B 4B 6B 8B 10B

1.2 Ratios

  • The Return On Assets of ELK (-1.41%) is worse than 62.32% of its industry peers.
  • Looking at the Return On Equity, with a value of -2.79%, ELK is doing worse than 62.32% of the companies in the same industry.
  • ELK has a Return On Invested Capital of 1.68%. This is comparable to the rest of the industry: ELK outperforms 42.03% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELK is below the industry average of 6.97%.
Industry RankSector Rank
ROA -1.41%
ROE -2.79%
ROIC 1.68%
ROA(3y)-0.12%
ROA(5y)5.76%
ROE(3y)-0.2%
ROE(5y)11.23%
ROIC(3y)3.48%
ROIC(5y)8.2%
ELK.OL Yearly ROA, ROE, ROICELK.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1.3 Margins

  • Looking at the Operating Margin, with a value of 5.93%, ELK is in line with its industry, outperforming 55.07% of the companies in the same industry.
  • ELK's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 53.85%, ELK is doing good in the industry, outperforming 78.26% of the companies in the same industry.
  • ELK's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.93%
PM (TTM) N/A
GM 53.85%
OM growth 3Y-36.76%
OM growth 5Y7.46%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.71%
GM growth 5Y2.99%
ELK.OL Yearly Profit, Operating, Gross MarginsELK.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 50

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3

2. ELK.OL Health Analysis

2.1 Basic Checks

  • ELK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • ELK has about the same amout of shares outstanding than it did 1 year ago.
  • ELK has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ELK has a worse debt to assets ratio.
ELK.OL Yearly Shares OutstandingELK.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
ELK.OL Yearly Total Debt VS Total AssetsELK.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • ELK has an Altman-Z score of 1.66. This is a bad value and indicates that ELK is not financially healthy and even has some risk of bankruptcy.
  • ELK's Altman-Z score of 1.66 is on the low side compared to the rest of the industry. ELK is outperformed by 73.91% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that ELK is not too dependend on debt financing.
  • ELK's Debt to Equity ratio of 0.40 is in line compared to the rest of the industry. ELK outperforms 55.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.66
ROIC/WACC0.24
WACC7.13%
ELK.OL Yearly LT Debt VS Equity VS FCFELK.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 10B 20B

2.3 Liquidity

  • ELK has a Current Ratio of 2.24. This indicates that ELK is financially healthy and has no problem in meeting its short term obligations.
  • ELK has a Current ratio of 2.24. This is in the better half of the industry: ELK outperforms 76.81% of its industry peers.
  • A Quick Ratio of 1.13 indicates that ELK should not have too much problems paying its short term obligations.
  • ELK has a Quick ratio (1.13) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 1.13
ELK.OL Yearly Current Assets VS Current LiabilitesELK.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. ELK.OL Growth Analysis

3.1 Past

  • The earnings per share for ELK have decreased strongly by -234.62% in the last year.
  • The Revenue for ELK has decreased by -41.01% in the past year. This is quite bad
  • The Revenue has been decreasing by -7.20% on average over the past years.
EPS 1Y (TTM)-234.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-833.33%
Revenue 1Y (TTM)-41.01%
Revenue growth 3Y-28.38%
Revenue growth 5Y-7.2%
Sales Q2Q%-14.29%

3.2 Future

  • ELK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 78.31% yearly.
  • The Revenue is expected to grow by 0.84% on average over the next years.
EPS Next Y199.93%
EPS Next 2Y98.3%
EPS Next 3Y78.31%
EPS Next 5YN/A
Revenue Next Year3.4%
Revenue Next 2Y5.01%
Revenue Next 3Y0.84%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ELK.OL Yearly Revenue VS EstimatesELK.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B
ELK.OL Yearly EPS VS EstimatesELK.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 10 15

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2

4. ELK.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • ELK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 27.14, which means the current valuation is very expensive for ELK.
  • ELK's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ELK is more expensive than 60.87% of the companies in the same industry.
  • ELK is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 27.14
ELK.OL Price Earnings VS Forward Price EarningsELK.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

  • ELK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ELK is cheaper than 65.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.48
ELK.OL Per share dataELK.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

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.
  • A more expensive valuation may be justified as ELK's earnings are expected to grow with 78.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.3%
EPS Next 3Y78.31%

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

0

5. ELK.OL Dividend Analysis

5.1 Amount

  • ELK does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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ELK.OL Fundamentals: All Metrics, Ratios and Statistics

ELKEM ASA

OSL:ELK (4/24/2026, 4:19:59 PM)

28.48

-0.56 (-1.93%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-13
Earnings (Next)04-30
Inst Owners23.92%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap18.21B
Revenue(TTM)16.54B
Net Income(TTM)-668.00M
Analysts80
Price Target33.49 (17.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.3
Dividend Growth(5Y)-35.09%
DP-28.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-126.72%
Min EPS beat(2)-382.13%
Max EPS beat(2)128.7%
EPS beat(4)1
Avg EPS beat(4)-1080.43%
Min EPS beat(4)-2351.11%
Max EPS beat(4)128.7%
EPS beat(8)2
Avg EPS beat(8)-1050.28%
EPS beat(12)3
Avg EPS beat(12)-798.74%
EPS beat(16)6
Avg EPS beat(16)-595.2%
Revenue beat(2)0
Avg Revenue beat(2)-3.52%
Min Revenue beat(2)-5.2%
Max Revenue beat(2)-1.83%
Revenue beat(4)1
Avg Revenue beat(4)-1.88%
Min Revenue beat(4)-5.85%
Max Revenue beat(4)5.35%
Revenue beat(8)3
Avg Revenue beat(8)-2.65%
Revenue beat(12)4
Avg Revenue beat(12)-2.99%
Revenue beat(16)7
Avg Revenue beat(16)-1.18%
PT rev (1m)0%
PT rev (3m)6.43%
EPS NQ rev (1m)-51.61%
EPS NQ rev (3m)650%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.03%
Revenue NQ rev (1m)-3.54%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)0.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 27.14
P/S 1.1
P/FCF N/A
P/OCF 15.49
P/B 0.76
P/tB 0.78
EV/EBITDA 7.48
EPS(TTM)-1.05
EYN/A
EPS(NY)1.05
Fwd EY3.68%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)1.84
OCFY6.46%
SpS25.86
BVpS37.41
TBVpS36.68
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -1.41%
ROE -2.79%
ROCE 2.33%
ROIC 1.68%
ROICexc 1.79%
ROICexgc 1.81%
OM 5.93%
PM (TTM) N/A
GM 53.85%
FCFM N/A
ROA(3y)-0.12%
ROA(5y)5.76%
ROE(3y)-0.2%
ROE(5y)11.23%
ROIC(3y)3.48%
ROIC(5y)8.2%
ROICexc(3y)3.95%
ROICexc(5y)10.19%
ROICexgc(3y)4.13%
ROICexgc(5y)11.03%
ROCE(3y)4.92%
ROCE(5y)11.89%
ROICexgc growth 3Y-58%
ROICexgc growth 5Y-16.5%
ROICexc growth 3Y-57.13%
ROICexc growth 5Y-14.5%
OM growth 3Y-36.76%
OM growth 5Y7.46%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.71%
GM growth 5Y2.99%
F-Score4
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Debt/EBITDA 2.59
Cap/Depr 84.6%
Cap/Sales 14.02%
Interest Coverage 1.43
Cash Conversion 31.6%
Profit Quality N/A
Current Ratio 2.24
Quick Ratio 1.13
Altman-Z 1.66
F-Score4
WACC7.13%
ROIC/WACC0.24
Cap/Depr(3y)137.02%
Cap/Depr(5y)158.31%
Cap/Sales(3y)18.9%
Cap/Sales(5y)15.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-234.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-833.33%
EPS Next Y199.93%
EPS Next 2Y98.3%
EPS Next 3Y78.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-41.01%
Revenue growth 3Y-28.38%
Revenue growth 5Y-7.2%
Sales Q2Q%-14.29%
Revenue Next Year3.4%
Revenue Next 2Y5.01%
Revenue Next 3Y0.84%
Revenue Next 5YN/A
EBIT growth 1Y-33.2%
EBIT growth 3Y-54.71%
EBIT growth 5Y-0.27%
EBIT Next Year597.66%
EBIT Next 3Y113.92%
EBIT Next 5YN/A
FCF growth 1Y16.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-42.07%
OCF growth 3Y-49.83%
OCF growth 5Y-11.04%

ELKEM ASA / ELK.OL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ELKEM ASA (ELK.OL) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ELK.OL.


Can you provide the valuation status for ELKEM ASA?

ChartMill assigns a valuation rating of 3 / 10 to ELKEM ASA (ELK.OL). This can be considered as Overvalued.


How profitable is ELKEM ASA (ELK.OL) stock?

ELKEM ASA (ELK.OL) has a profitability rating of 4 / 10.


How sustainable is the dividend of ELKEM ASA (ELK.OL) stock?

The dividend rating of ELKEM ASA (ELK.OL) is 0 / 10 and the dividend payout ratio is -28.44%.