ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

OSL:ELMRA • NO0010815673

36.15 NOK
-4.85 (-11.83%)
Last: Feb 12, 2026, 03:23 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, ELMRA scores 4 out of 10 in our fundamental rating. ELMRA was compared to 27 industry peers in the Electric Utilities industry. ELMRA has an average financial health and profitability rating. ELMRA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ELMRA was profitable.
  • ELMRA had a positive operating cash flow in the past year.
  • Each year in the past 5 years ELMRA has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: ELMRA reported negative operating cash flow in multiple years.
ELMRA.OL Yearly Net Income VS EBIT VS OCF VS FCFELMRA.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 500M 1B

1.2 Ratios

  • The Return On Assets of ELMRA (6.00%) is better than 85.19% of its industry peers.
  • ELMRA has a Return On Equity of 23.90%. This is amongst the best in the industry. ELMRA outperforms 81.48% of its industry peers.
  • ELMRA has a Return On Invested Capital of 8.76%. This is in the better half of the industry: ELMRA outperforms 74.07% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELMRA is in line with the industry average of 6.36%.
  • The last Return On Invested Capital (8.76%) for ELMRA is above the 3 year average (7.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6%
ROE 23.9%
ROIC 8.76%
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
ELMRA.OL Yearly ROA, ROE, ROICELMRA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.61%, ELMRA is doing worse than 81.48% of the companies in the same industry.
  • ELMRA's Profit Margin has declined in the last couple of years.
  • ELMRA's Operating Margin of 3.24% is on the low side compared to the rest of the industry. ELMRA is outperformed by 88.89% of its industry peers.
  • ELMRA's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 14.95%, ELMRA is doing worse than 88.89% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ELMRA has declined.
Industry RankSector Rank
OM 3.24%
PM (TTM) 2.61%
GM 14.95%
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
ELMRA.OL Yearly Profit, Operating, Gross MarginsELMRA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • ELMRA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • ELMRA has more shares outstanding than it did 1 year ago.
  • ELMRA has more shares outstanding than it did 5 years ago.
  • ELMRA has a worse debt/assets ratio than last year.
ELMRA.OL Yearly Shares OutstandingELMRA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
ELMRA.OL Yearly Total Debt VS Total AssetsELMRA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • ELMRA has an Altman-Z score of 3.39. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.39, ELMRA belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
  • A Debt/Equity ratio of 1.17 is on the high side and indicates that ELMRA has dependencies on debt financing.
  • ELMRA's Debt to Equity ratio of 1.17 is fine compared to the rest of the industry. ELMRA outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.39
ROIC/WACC0.91
WACC9.62%
ELMRA.OL Yearly LT Debt VS Equity VS FCFELMRA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.05 indicates that ELMRA should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.05, ELMRA is doing good in the industry, outperforming 70.37% of the companies in the same industry.
  • A Quick Ratio of 1.04 indicates that ELMRA should not have too much problems paying its short term obligations.
  • ELMRA has a better Quick ratio (1.04) than 77.78% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.04
ELMRA.OL Yearly Current Assets VS Current LiabilitesELMRA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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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

  • ELMRA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.13%, which is quite impressive.
  • ELMRA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.54% yearly.
  • Looking at the last year, ELMRA shows a very negative growth in Revenue. The Revenue has decreased by -18.29% in the last year.
  • Measured over the past years, ELMRA shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)33.13%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%23.66%
Revenue 1Y (TTM)-18.29%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%38.56%

3.2 Future

  • ELMRA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.76% yearly.
  • Based on estimates for the next years, ELMRA will show a small growth in Revenue. The Revenue will grow by 4.20% on average per year.
EPS Next Y-41%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
EPS Next 5YN/A
Revenue Next Year2.61%
Revenue Next 2Y5.65%
Revenue Next 3Y4.2%
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 decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ELMRA.OL Yearly Revenue VS EstimatesELMRA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B 20B 25B
ELMRA.OL Yearly EPS VS EstimatesELMRA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.90, the valuation of ELMRA can be described as very reasonable.
  • ELMRA's Price/Earnings ratio is rather cheap when compared to the industry. ELMRA is cheaper than 100.00% of the companies in the same industry.
  • ELMRA is valuated cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • ELMRA is valuated reasonably with a Price/Forward Earnings ratio of 10.73.
  • 92.59% of the companies in the same industry are more expensive than ELMRA, based on the Price/Forward Earnings ratio.
  • ELMRA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 9.9
Fwd PE 10.73
ELMRA.OL Price Earnings VS Forward Price EarningsELMRA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELMRA is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.25
ELMRA.OL Per share dataELMRA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • A cheap valuation may be justified as ELMRA's earnings are expected to decrease with -2.76% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 7.63%, ELMRA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.17, ELMRA pays a better dividend. On top of this ELMRA pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, ELMRA pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.63%

5.2 History

  • The dividend of ELMRA has a limited annual growth rate of 0.91%.
Dividend Growth(5Y)0.91%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • ELMRA pays out 109.37% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of ELMRA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP109.37%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
ELMRA.OL Yearly Income VS Free CF VS DividendELMRA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M
ELMRA.OL Dividend Payout.ELMRA.OL Dividend Payout, showing the Payout Ratio.ELMRA.OL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

ELMERA GROUP ASA

OSL:ELMRA (2/12/2026, 3:23:43 PM)

36.15

-4.85 (-11.83%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)02-12
Inst Owners54.09%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap4.13B
Revenue(TTM)11.47B
Net Income(TTM)299.44M
Analysts42
Price Target36.04 (-0.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.63%
Yearly Dividend2.3
Dividend Growth(5Y)0.91%
DP109.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.59%
Min EPS beat(2)-24.18%
Max EPS beat(2)-23%
EPS beat(4)1
Avg EPS beat(4)6.81%
Min EPS beat(4)-24.18%
Max EPS beat(4)91.7%
EPS beat(8)3
Avg EPS beat(8)216.44%
EPS beat(12)7
Avg EPS beat(12)161.43%
EPS beat(16)9
Avg EPS beat(16)124.71%
Revenue beat(2)1
Avg Revenue beat(2)9.31%
Min Revenue beat(2)-12%
Max Revenue beat(2)30.62%
Revenue beat(4)3
Avg Revenue beat(4)10.2%
Min Revenue beat(4)-12%
Max Revenue beat(4)30.62%
Revenue beat(8)4
Avg Revenue beat(8)-1.23%
Revenue beat(12)6
Avg Revenue beat(12)1.42%
Revenue beat(16)9
Avg Revenue beat(16)14.7%
PT rev (1m)0.95%
PT rev (3m)-1.85%
EPS NQ rev (1m)-2.66%
EPS NQ rev (3m)-16.05%
EPS NY rev (1m)-0.55%
EPS NY rev (3m)-15.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-45.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.15%
Valuation
Industry RankSector Rank
PE 9.9
Fwd PE 10.73
P/S 0.36
P/FCF N/A
P/OCF 493.7
P/B 3.3
P/tB N/A
EV/EBITDA 9.25
EPS(TTM)3.65
EY10.1%
EPS(NY)3.37
Fwd EY9.32%
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.07
OCFY0.2%
SpS100.32
BVpS10.96
TBVpS-4.5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30
Profitability
Industry RankSector Rank
ROA 6%
ROE 23.9%
ROCE 13.42%
ROIC 8.76%
ROICexc 10.15%
ROICexgc 24.46%
OM 3.24%
PM (TTM) 2.61%
GM 14.95%
FCFM N/A
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
ROICexc(3y)8.08%
ROICexc(5y)11.68%
ROICexgc(3y)17.27%
ROICexgc(5y)58.43%
ROCE(3y)10.24%
ROCE(5y)13.19%
ROICexgc growth 3Y-13.73%
ROICexgc growth 5Y-36.81%
ROICexc growth 3Y-1.95%
ROICexc growth 5Y-32.74%
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
F-Score6
Asset Turnover2.3
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Debt/EBITDA 2.73
Cap/Depr 46.47%
Cap/Sales 0.67%
Interest Coverage 2.18
Cash Conversion 1.56%
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 1.04
Altman-Z 3.39
F-Score6
WACC9.62%
ROIC/WACC0.91
Cap/Depr(3y)29.02%
Cap/Depr(5y)31.32%
Cap/Sales(3y)0.34%
Cap/Sales(5y)0.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.13%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%23.66%
EPS Next Y-41%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.29%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%38.56%
Revenue Next Year2.61%
Revenue Next 2Y5.65%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
EBIT growth 1Y-18.42%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year42.36%
EBIT Next 3Y17.23%
EBIT Next 5YN/A
FCF growth 1Y-111.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-98.67%
OCF growth 3YN/A
OCF growth 5YN/A

ELMERA GROUP ASA / ELMRA.OL FAQ

What is the fundamental rating for ELMRA stock?

ChartMill assigns a fundamental rating of 4 / 10 to ELMRA.OL.


What is the valuation status for ELMRA stock?

ChartMill assigns a valuation rating of 5 / 10 to ELMERA GROUP ASA (ELMRA.OL). This can be considered as Fairly Valued.


What is the profitability of ELMRA stock?

ELMERA GROUP ASA (ELMRA.OL) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for ELMRA stock?

The Price/Earnings (PE) ratio for ELMERA GROUP ASA (ELMRA.OL) is 9.9 and the Price/Book (PB) ratio is 3.3.


What is the expected EPS growth for ELMERA GROUP ASA (ELMRA.OL) stock?

The Earnings per Share (EPS) of ELMERA GROUP ASA (ELMRA.OL) is expected to decline by -41% in the next year.