ELKEM ASA (ELK.OL) Stock Fundamental Analysis
Europe - OSL:ELK - NO0010816093 - Common Stock
26.82 NOK
+0.3 (+1.13%)
Taking everything into account, ELK scores 4 out of 10 in our fundamental rating. ELK was compared to 69 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.
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
The Return On Assets of ELK (-1.07%) is worse than 66.67% 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 68.12% of its industry peers.
ELK's Return On Invested Capital of 2.29% is in line compared to the rest of the industry. ELK outperforms 44.93% of 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 6.77%.
The last Return On Invested Capital (2.29%) for ELK is well below the 3 year average (8.73%), which needs to be investigated, but indicates that ELK had better years and this may not be a problem.
| 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.
Looking at the Operating Margin, with a value of 8.13%, ELK is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
ELK's Operating Margin has improved in the last couple of years.
ELK has a Gross Margin of 53.81%. This is amongst the best in the industry. ELK outperforms 81.16% of its industry peers.
In the last couple of years the Gross Margin of ELK has grown nicely.
| 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.
Compared to 5 years ago, ELK has more shares outstanding
The debt/assets ratio for ELK has been reduced compared to a year ago.
2.2 Solvency
ELK has an Altman-Z score of 1.69. 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 1.69 is on the low side compared to the rest of the industry. ELK is outperformed by 72.46% 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 42.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.69 |
ROIC/WACC0.32
WACC7.21%
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 88.41% of the companies in the same industry.
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.
ELK's Quick ratio of 1.67 is fine compared to the rest of the industry. ELK outperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
ELK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1100.00%.
The earnings per share for ELK have been decreasing by -11.90% on average. This is quite bad
The Revenue for ELK has decreased by -46.80% in the past year. This is quite bad
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
Based on estimates for the next years, ELK will show a very strong growth in Earnings Per Share. The EPS will grow by 46.08% on average per year.
The Revenue is expected to grow by 1.55% on average over the next years.
EPS Next Y-125.85%
EPS Next 2Y29.81%
EPS Next 3Y46.08%
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
The Price/Earnings Ratio is negative for ELK. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 20.41, which indicates a rather expensive current valuation of ELK.
ELK's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ELK to the average of the S&P500 Index (34.98), we can say ELK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.41 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELK indicates a somewhat cheap valuation: ELK is cheaper than 79.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.27 |
4.3 Compensation for Growth
ELK's earnings are expected to grow with 46.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.81%
EPS Next 3Y46.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.13%, ELK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.36, ELK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, ELK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y29.81%
EPS Next 3Y46.08%
OSL:ELK (11/18/2025, 7:00:00 PM)
26.82
+0.3 (+1.13%)
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 Cap17.15B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts78
Price Target28.36 (5.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
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)-1.84%
PT rev (3m)7.75%
EPS NQ rev (1m)218.77%
EPS NQ rev (3m)8.51%
EPS NY rev (1m)68.78%
EPS NY rev (3m)-116.4%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.41 | ||
| P/S | 1.01 | ||
| P/FCF | N/A | ||
| P/OCF | 12.69 | ||
| P/B | 0.72 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 6.27 |
EPS(TTM)-0.8
EYN/A
EPS(NY)1.31
Fwd EY4.9%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY7.88%
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 | 1.69 |
F-Score5
WACC7.21%
ROIC/WACC0.32
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-125.85%
EPS Next 2Y29.81%
EPS Next 3Y46.08%
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 Year159.13%
EBIT Next 3Y56.1%
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.