ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELK - NO0010816093 - Common Stock
27.98 NOK
+0.26 (+0.94%)
We assign a fundamental rating of 4 out of 10 to ELK. ELK was compared to 74 industry peers in the Chemicals industry. Both the profitability and the financial health of ELK get a neutral evaluation. Nothing too spectacular is happening here. ELK does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year ELK has reported negative net income.
In the past year ELK had a positive cash flow from operations.
Each year in the past 5 years ELK has been profitable.
In the past 5 years ELK always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -1.07%, ELK is not doing good in the industry: 68.92% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -2.13%, ELK is doing worse than 70.27% of the companies in the same industry.
ELK has a Return On Invested Capital (2.29%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ELK is in line with the industry average of 6.87%.
The 3 year average ROIC (8.73%) for ELK is well above the current ROIC(2.29%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.07% | ||
| ROE | -2.13% | ||
| ROIC | 2.29% |
ROA(3y)6.39%
ROA(5y)6.2%
ROE(3y)11.85%
ROE(5y)12.17%
ROIC(3y)8.73%
ROIC(5y)8.61%
1.3 Margins
In the last couple of years the Profit Margin of ELK has declined.
The Operating Margin of ELK (8.13%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ELK has grown nicely.
Looking at the Gross Margin, with a value of 53.81%, ELK belongs to the top of the industry, outperforming 82.43% of the companies in the same industry.
ELK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.13% | ||
| PM (TTM) | N/A | ||
| GM | 53.81% |
OM growth 3Y-7.33%
OM growth 5Y22.64%
PM growth 3Y-41.92%
PM growth 5Y-6.54%
GM growth 3Y0.8%
GM growth 5Y2.02%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ELK is still creating some value.
ELK has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ELK has been increased compared to 5 years ago.
Compared to 1 year ago, ELK has an improved debt to assets ratio.
2.2 Solvency
ELK has an Altman-Z score of 1.72. This is a bad value and indicates that ELK is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.72, ELK is not doing good in the industry: 74.32% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.47 indicates that ELK is not too dependend on debt financing.
ELK has a Debt to Equity ratio (0.47) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC0.31
WACC7.32%
2.3 Liquidity
ELK has a Current Ratio of 3.27. This indicates that ELK is financially healthy and has no problem in meeting its short term obligations.
ELK has a Current ratio of 3.27. This is amongst the best in the industry. ELK outperforms 89.19% of its industry peers.
ELK has a Quick Ratio of 1.67. This is a normal value and indicates that ELK is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ELK (1.67) is better than 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
The earnings per share for ELK have decreased strongly by -1100.00% in the last year.
ELK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.90% yearly.
ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -46.80%.
ELK shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.35% yearly.
EPS 1Y (TTM)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-46.8%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-2.63%
3.2 Future
ELK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.46% yearly.
The Revenue is expected to grow by 1.55% on average over the next years.
EPS Next Y-156.92%
EPS Next 2Y44.91%
EPS Next 3Y47.46%
EPS Next 5YN/A
Revenue Next Year-7.35%
Revenue Next 2Y-0.68%
Revenue Next 3Y1.55%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ELK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 17.08, ELK is valued on the expensive side.
ELK's Price/Forward Earnings ratio is in line with the industry average.
ELK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 17.08 |
4.2 Price Multiples
ELK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ELK is cheaper than 77.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.49 |
4.3 Compensation for Growth
ELK's earnings are expected to grow with 47.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y44.91%
EPS Next 3Y47.46%
5. Dividend
5.1 Amount
ELK has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.15, ELK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.32, ELK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y44.91%
EPS Next 3Y47.46%
OSL:ELK (12/5/2025, 4:19:51 PM)
27.98
+0.26 (+0.94%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners20.1%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap17.89B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts78
Price Target29.09 (3.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Yearly Dividend6.02
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-794.23%
Min EPS beat(2)-1717.16%
Max EPS beat(2)128.7%
EPS beat(4)1
Avg EPS beat(4)-1012.51%
Min EPS beat(4)-2351.11%
Max EPS beat(4)128.7%
EPS beat(8)2
Avg EPS beat(8)-1098.43%
EPS beat(12)3
Avg EPS beat(12)-769.13%
EPS beat(16)7
Avg EPS beat(16)-570.96%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-5.2%
Max Revenue beat(2)5.35%
Revenue beat(4)2
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-5.85%
Max Revenue beat(4)5.35%
Revenue beat(8)4
Avg Revenue beat(8)-1.9%
Revenue beat(12)5
Avg Revenue beat(12)-2.35%
Revenue beat(16)7
Avg Revenue beat(16)-1.31%
PT rev (1m)2.58%
PT rev (3m)10.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.51%
EPS NY rev (1m)-120.16%
EPS NY rev (3m)-11.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 17.08 | ||
| P/S | 1.06 | ||
| P/FCF | N/A | ||
| P/OCF | 13.24 | ||
| P/B | 0.75 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 6.49 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.64
Fwd EY5.85%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY7.55%
SpS26.42
BVpS37.29
TBVpS36.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.07% | ||
| ROE | -2.13% | ||
| ROCE | 3.14% | ||
| ROIC | 2.29% | ||
| ROICexc | 2.45% | ||
| ROICexgc | 2.48% | ||
| OM | 8.13% | ||
| PM (TTM) | N/A | ||
| GM | 53.81% | ||
| FCFM | N/A |
ROA(3y)6.39%
ROA(5y)6.2%
ROE(3y)11.85%
ROE(5y)12.17%
ROIC(3y)8.73%
ROIC(5y)8.61%
ROICexc(3y)10.76%
ROICexc(5y)10.71%
ROICexgc(3y)11.49%
ROICexgc(5y)11.66%
ROCE(3y)12.41%
ROCE(5y)12.33%
ROICexgc growth 3Y-39.97%
ROICexgc growth 5Y-3.21%
ROICexc growth 3Y-38.01%
ROICexc growth 5Y-2.06%
OM growth 3Y-7.33%
OM growth 5Y22.64%
PM growth 3Y-41.92%
PM growth 5Y-6.54%
GM growth 3Y0.8%
GM growth 5Y2.02%
F-Score5
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 100.39% | ||
| Cap/Sales | 16.64% | ||
| Interest Coverage | 1.76 | ||
| Cash Conversion | 32.37% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 1.72 |
F-Score5
WACC7.32%
ROIC/WACC0.31
Cap/Depr(3y)178.1%
Cap/Depr(5y)168.55%
Cap/Sales(3y)17.35%
Cap/Sales(5y)14.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1100%
EPS 3Y-53.14%
EPS 5Y-11.9%
EPS Q2Q%-66.67%
EPS Next Y-156.92%
EPS Next 2Y44.91%
EPS Next 3Y47.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-46.8%
Revenue growth 3Y-18.65%
Revenue growth 5Y-4.35%
Sales Q2Q%-2.63%
Revenue Next Year-7.35%
Revenue Next 2Y-0.68%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
EBIT growth 1Y55.61%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year160.29%
EBIT Next 3Y55.71%
EBIT Next 5YN/A
FCF growth 1Y-428.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-73.43%
OCF growth 3Y-25.52%
OCF growth 5Y2%
ELKEM ASA / ELK.OL FAQ
What is the ChartMill fundamental rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ELK.OL.
What is the valuation status of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a valuation rating of 2 / 10 to ELKEM ASA (ELK.OL). This can be considered as Overvalued.
What is the profitability of ELK stock?
ELKEM ASA (ELK.OL) has a profitability rating of 5 / 10.
What is the financial health of ELKEM ASA (ELK.OL) stock?
The financial health rating of ELKEM ASA (ELK.OL) is 4 / 10.