ELKEM ASA (ELK.OL) Stock Fundamental Analysis

OSL:ELK • NO0010816093

24.85 NOK
-4.03 (-13.95%)
Last: Feb 13, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, ELK scores 4 out of 10 in our fundamental rating. ELK was compared to 73 industry peers in the Chemicals industry. ELK has an average financial health and profitability rating. ELK does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

5

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.
  • ELK had a positive operating cash flow in each of the past 5 years.
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 0 2B -2B 4B 6B 8B 10B

1.2 Ratios

  • ELK's Return On Assets of -1.07% is on the low side compared to the rest of the industry. ELK is outperformed by 69.86% of its industry peers.
  • ELK has a Return On Equity of -2.13%. This is in the lower half of the industry: ELK underperforms 71.23% of its industry peers.
  • The Return On Invested Capital of ELK (2.29%) 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 7.31%.
  • 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 RankSector 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%
ELK.OL Yearly ROA, ROE, ROICELK.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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.
  • ELK's Operating Margin has improved in the last couple of years.
  • ELK's Gross Margin of 53.81% is amongst the best of the industry. ELK outperforms 80.82% of its industry peers.
  • In the last couple of years the Gross Margin of ELK has grown nicely.
Industry RankSector 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%
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 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • ELK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • ELK has a better debt/assets ratio than last year.
ELK.OL Yearly Shares OutstandingELK.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 10B 20B 30B 40B 50B

2.2 Solvency

  • Based on the Altman-Z score of 1.73, we must say that ELK is in the distress zone and has some risk of bankruptcy.
  • ELK has a worse Altman-Z score (1.73) than 72.60% of its industry peers.
  • 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 RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Altman-Z 1.73
ROIC/WACC0.3
WACC7.57%
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 0 10B 20B

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 better Current ratio (3.27) than 89.04% 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 78.08% of its industry peers.
Industry RankSector Rank
Current Ratio 3.27
Quick Ratio 1.67
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 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. Growth

3.1 Past

  • ELK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1100.00%.
  • ELK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.90% yearly.
  • The Revenue for ELK has decreased by -46.80% in the past year. This is quite bad
  • Measured over the past years, ELK shows a decrease in Revenue. The Revenue has been decreasing by -4.35% on average per year.
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 49.55% on average per year.
  • Based on estimates for the next years, ELK will show a small growth in Revenue. The Revenue will grow by 0.27% on average per year.
EPS Next Y-185.57%
EPS Next 2Y32.5%
EPS Next 3Y49.55%
EPS Next 5YN/A
Revenue Next Year-8.51%
Revenue Next 2Y-2.48%
Revenue Next 3Y0.27%
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.
  • 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 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 0 5 10 15

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • ELK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • ELK is valuated rather expensively with a Price/Forward Earnings ratio of 18.15.
  • ELK's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.69, ELK is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 18.15
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 -30

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 79.45% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.63
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

  • ELK's earnings are expected to grow with 49.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.5%
EPS Next 3Y49.55%

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

1

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.07%, ELK has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.26, ELK is paying slightly less dividend.
  • With a Dividend Yield of 1.07, ELK pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y32.5%
EPS Next 3Y49.55%
ELK.OL Yearly Income VS Free CF VS DividendELK.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B

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Find the best dividend stocksShow peers with best dividend

ELKEM ASA

OSL:ELK (2/13/2026, 4:19:41 PM)

24.85

-4.03 (-13.95%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-23
Earnings (Next)02-11
Inst Owners19.77%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap15.89B
Revenue(TTM)16.90B
Net Income(TTM)-509.00M
Analysts80
Price Target32.51 (30.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly DividendN/A
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)7.98%
PT rev (3m)14.65%
EPS NQ rev (1m)-187.5%
EPS NQ rev (3m)-133.82%
EPS NY rev (1m)-7.07%
EPS NY rev (3m)-230.98%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-5.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.15
P/S 0.94
P/FCF N/A
P/OCF 11.76
P/B 0.67
P/tB 0.68
EV/EBITDA 6.63
EPS(TTM)-0.8
EYN/A
EPS(NY)1.37
Fwd EY5.51%
FCF(TTM)-2.28
FCFYN/A
OCF(TTM)2.11
OCFY8.5%
SpS26.42
BVpS37.29
TBVpS36.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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 1.73
F-Score5
WACC7.57%
ROIC/WACC0.3
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-185.57%
EPS Next 2Y32.5%
EPS Next 3Y49.55%
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-8.51%
Revenue Next 2Y-2.48%
Revenue Next 3Y0.27%
Revenue Next 5YN/A
EBIT growth 1Y55.61%
EBIT growth 3Y-24.62%
EBIT growth 5Y17.3%
EBIT Next Year154.93%
EBIT Next 3Y52.93%
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 for ELK 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.


How financially healthy is ELKEM ASA?

The financial health rating of ELKEM ASA (ELK.OL) is 4 / 10.


Can you provide the expected EPS growth for ELK stock?

The Earnings per Share (EPS) of ELKEM ASA (ELK.OL) is expected to decline by -185.57% in the next year.