ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELK - NO0010816093 - Common Stock
28.16 NOK
+0.26 (+0.93%)
We assign a fundamental rating of 4 out of 10 to ELK. ELK was compared to 72 industry peers in the Chemicals industry. ELK has only an average score on both its financial health and profitability. 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.
ELK had a positive operating cash flow in the past year.
ELK had positive earnings in each of the past 5 years.
In the past 5 years ELK always reported a positive cash flow from operatings.
1.2 Ratios
ELK has a Return On Assets of -1.07%. This is in the lower half of the industry: ELK underperforms 70.83% of its industry peers.
ELK's Return On Equity of -2.13% is on the low side compared to the rest of the industry. ELK is outperformed by 70.83% of its industry peers.
ELK has a Return On Invested Capital (2.29%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELK is in line with the industry average of 7.08%.
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
ELK's Profit Margin has declined in the last couple of years.
ELK has a Operating Margin (8.13%) which is in line with its industry peers.
In the last couple of years the Operating Margin of ELK has grown nicely.
With an excellent Gross Margin value of 53.81%, ELK belongs to the best of the industry, outperforming 81.94% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ELK is creating some value.
Compared to 1 year ago, ELK has about the same amount of shares outstanding.
The number of shares outstanding for ELK has been increased compared to 5 years ago.
The debt/assets ratio for ELK has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.72, we must say that ELK is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ELK (1.72) is worse than 75.00% of its industry peers.
ELK has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
ELK's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. ELK outperforms 44.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC0.31
WACC7.31%
2.3 Liquidity
A Current Ratio of 3.27 indicates that ELK has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.27, ELK belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
A Quick Ratio of 1.67 indicates that ELK should not have too much problems paying its short term obligations.
ELK has a Quick ratio of 1.67. This is in the better half of the industry: ELK outperforms 76.39% 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.
Measured over the past years, ELK shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.90% on average per year.
ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -46.80%.
The Revenue has been decreasing by -4.35% on average over the past years.
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
Based on estimates for the next years, ELK will show a very strong growth in Earnings Per Share. The EPS will grow by 47.46% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for ELK. In the last year negative earnings were reported.
ELK is valuated rather expensively with a Price/Forward Earnings ratio of 17.19.
ELK's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.96, ELK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 17.19 |
4.2 Price Multiples
ELK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ELK is cheaper than 76.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ELK's earnings are expected to grow with 47.46% in the coming years.
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.
ELK's Dividend Yield is slightly below the industry average, which is at 3.19.
With a Dividend Yield of 1.08, ELK pays less dividend than the S&P500 average, which is at 2.31.
| 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 (12/12/2025, 4:19:12 PM)
28.16
+0.26 (+0.93%)
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 Cap18.01B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts78
Price Target29.09 (3.3%)
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 | 17.19 | ||
| P/S | 1.07 | ||
| P/FCF | N/A | ||
| P/OCF | 13.33 | ||
| P/B | 0.76 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.64
Fwd EY5.82%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY7.5%
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
WACC7.31%
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.