ELKEM ASA (ELK.OL) Fundamental Analysis & Valuation

OSL:ELK • NO0010816093

Current stock price

28.36 NOK
+0.08 (+0.28%)
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

  • ELK had negative earnings in the past year.
  • 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

  • ELK has a Return On Assets of -1.41%. This is in the lower half of the industry: ELK underperforms 63.77% of its industry peers.
  • ELK has a worse Return On Equity (-2.79%) than 63.77% of its industry peers.
  • ELK's Return On Invested Capital of 1.68% is on the low side compared to the rest of the industry. ELK is outperformed by 62.32% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELK is below the industry average of 7.17%.
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

  • ELK has a Operating Margin of 5.93%. This is comparable to the rest of the industry: ELK outperforms 50.72% of its industry peers.
  • In the last couple of years the Operating Margin of ELK has grown nicely.
  • ELK has a better Gross Margin (53.85%) than 81.16% of its industry peers.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • The number of shares outstanding for ELK remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for ELK has been increased compared to 5 years ago.
  • The debt/assets ratio for ELK is higher compared to a year ago.
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 1.65. This is a bad value and indicates that ELK is not financially healthy and even has some risk of bankruptcy.
  • ELK has a Altman-Z score of 1.65. This is in the lower half of the industry: ELK underperforms 71.01% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that ELK is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.40, ELK is in line with its industry, outperforming 56.52% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.65
ROIC/WACC0.23
WACC7.15%
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

  • A Current Ratio of 2.24 indicates that ELK has no problem at all paying its short term obligations.
  • The Current ratio of ELK (2.24) is better than 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 of 1.13. This is comparable to the rest of the industry: ELK outperforms 53.62% of its industry peers.
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

2

3. ELK.OL Growth Analysis

3.1 Past

  • ELK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -234.62%.
  • ELK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -41.01%.
  • Measured over the past years, ELK shows a decrease in Revenue. The Revenue has been decreasing by -7.20% on average per year.
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

  • The Earnings Per Share is expected to grow by 81.21% on average over the next years. This is a very strong growth
  • ELK is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.01% yearly.
EPS Next Y199.93%
EPS Next 2Y98.3%
EPS Next 3Y81.21%
EPS Next 5YN/A
Revenue Next Year2.59%
Revenue Next 2Y4.27%
Revenue Next 3Y-2.01%
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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Find the best growth stocksShow best growing peers

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.
  • With a Price/Forward Earnings ratio of 27.03, ELK can be considered very expensive at the moment.
  • ELK's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ELK is more expensive than 63.77% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. ELK is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 27.03
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

  • Based on the Enterprise Value to EBITDA ratio, ELK is valued a bit cheaper than 68.12% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.35
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.
  • ELK's earnings are expected to grow with 81.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.3%
EPS Next 3Y81.21%

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

0

5. ELK.OL Dividend Analysis

5.1 Amount

  • No dividends for ELK!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ELK.OL Fundamentals: All Metrics, Ratios and Statistics

ELKEM ASA

OSL:ELK (3/30/2026, 4:19:11 PM)

28.36

+0.08 (+0.28%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-13
Earnings (Next)04-30
Inst Owners20.33%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap18.13B
Revenue(TTM)16.54B
Net Income(TTM)-668.00M
Analysts80
Price Target33.49 (18.09%)
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)3.02%
PT rev (3m)11.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1450%
EPS NY rev (1m)-23.38%
EPS NY rev (3m)-11.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 27.03
P/S 1.1
P/FCF N/A
P/OCF 15.42
P/B 0.76
P/tB 0.77
EV/EBITDA 7.35
EPS(TTM)-1.05
EYN/A
EPS(NY)1.05
Fwd EY3.7%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)1.84
OCFY6.48%
SpS25.86
BVpS37.41
TBVpS36.68
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
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 1.65
F-Score4
WACC7.15%
ROIC/WACC0.23
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 3Y81.21%
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 Year2.59%
Revenue Next 2Y4.27%
Revenue Next 3Y-2.01%
Revenue Next 5YN/A
EBIT growth 1Y-33.2%
EBIT growth 3Y-54.71%
EBIT growth 5Y-0.27%
EBIT Next Year586.1%
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 2 / 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 3 / 10.


How financially healthy is ELKEM ASA?

The financial health rating of ELKEM ASA (ELK.OL) is 3 / 10.


Can you provide the expected EPS growth for ELK stock?

The Earnings per Share (EPS) of ELKEM ASA (ELK.OL) is expected to grow by 199.93% in the next year.