ELKEM ASA (ELK.OL) Fundamental Analysis & Valuation

OSL:ELK • NO0010816093

Current stock price

28.14 NOK
-0.14 (-0.5%)
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.
  • In the past year ELK had a positive cash flow from operations.
  • Of the past 5 years ELK 4 years were profitable.
  • In the past 5 years ELK always reported a positive cash flow from operatings.
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

  • With a Return On Assets value of -1.41%, ELK is not doing good in the industry: 63.77% of the companies in the same industry are doing better.
  • ELK's Return On Equity of -2.79% is on the low side compared to the rest of the industry. ELK is outperformed by 63.77% of its industry peers.
  • ELK has a Return On Invested Capital of 1.68%. This is in the lower half of the industry: ELK underperforms 62.32% of its industry peers.
  • ELK had an Average Return On Invested Capital over the past 3 years of 3.48%. This is below the industry average of 7.16%.
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 (5.93%) which is comparable to the rest of the industry.
  • ELK's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 53.85%, ELK belongs to the top of the industry, outperforming 81.16% of the companies in the same industry.
  • 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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3

2. ELK.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELK is destroying 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.
  • ELK has a worse 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 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

  • Based on the Altman-Z score of 1.64, we must say that ELK is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of ELK (1.64) is worse than 72.46% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that ELK is not too dependend on debt financing.
  • ELK's Debt to Equity ratio of 0.40 is in line compared to the rest of the industry. ELK outperforms 56.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.64
ROIC/WACC0.23
WACC7.17%
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.
  • With a decent Current ratio value of 2.24, ELK is doing good in the industry, outperforming 76.81% of the companies in the same industry.
  • 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 (1.13) which is comparable to the rest of the industry.
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

  • The earnings per share for ELK have decreased strongly by -234.62% in the last year.
  • The Revenue for ELK has decreased by -41.01% in the past year. This is quite bad
  • The Revenue has been decreasing by -7.20% on average over the past years.
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
  • Based on estimates for the next years, ELK will show a decrease in Revenue. The Revenue will decrease by -2.01% on average per year.
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

  • 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.
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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3

4. ELK.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for ELK. In the last year negative earnings were reported.
  • A Price/Forward Earnings ratio of 26.82 indicates a quite expensive valuation of ELK.
  • 62.32% of the companies in the same industry are cheaper than ELK, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, ELK is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 26.82
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 the industry average as 71.01% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.33
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ELK's earnings are expected to grow with 81.21% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.3%
EPS Next 3Y81.21%

More info and screens

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

0

5. ELK.OL Dividend Analysis

5.1 Amount

  • ELK does not give a dividend.
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 (4/1/2026, 7:00:00 PM)

28.14

-0.14 (-0.5%)

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 Cap17.99B
Revenue(TTM)16.54B
Net Income(TTM)-668.00M
Analysts80
Price Target33.49 (19.01%)
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 26.82
P/S 1.09
P/FCF N/A
P/OCF 15.3
P/B 0.75
P/tB 0.77
EV/EBITDA 7.33
EPS(TTM)-1.05
EYN/A
EPS(NY)1.05
Fwd EY3.73%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)1.84
OCFY6.54%
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 1.64
F-Score4
WACC7.17%
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 3 / 10 to ELK.OL.


Can you provide the valuation status for ELKEM ASA?

ChartMill assigns a valuation rating of 3 / 10 to ELKEM ASA (ELK.OL). This can be considered as Overvalued.


How profitable is ELKEM ASA (ELK.OL) stock?

ELKEM ASA (ELK.OL) has a profitability rating of 4 / 10.


How sustainable is the dividend of ELKEM ASA (ELK.OL) stock?

The dividend rating of ELKEM ASA (ELK.OL) is 0 / 10 and the dividend payout ratio is -28.44%.