ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

OSL:ELMRA • NO0010815673

33.1 NOK
0 (0%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ELMRA gets a fundamental rating of 4 out of 10. We evaluated ELMRA against 26 industry peers in the Electric Utilities industry. Both the profitability and the financial health of ELMRA get a neutral evaluation. Nothing too spectacular is happening here. ELMRA has a valuation in line with the averages, but on the other hand it scores bad on growth. ELMRA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ELMRA had positive earnings in the past year.
  • ELMRA had a positive operating cash flow in the past year.
  • Of the past 5 years ELMRA 4 years were profitable.
  • In multiple years ELMRA reported negative operating cash flow during the last 5 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 84.62% of its industry peers.
  • ELMRA's Return On Equity of 23.90% is amongst the best of the industry. ELMRA outperforms 80.77% of its industry peers.
  • The Return On Invested Capital of ELMRA (8.76%) is better than 76.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ELMRA is in line with the industry average of 6.40%.
  • The 3 year average ROIC (7.64%) for ELMRA is below the current ROIC(8.76%), indicating increased profibility in the last year.
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

  • ELMRA has a Profit Margin of 2.61%. This is in the lower half of the industry: ELMRA underperforms 76.92% of its industry peers.
  • In the last couple of years the Profit Margin of ELMRA has declined.
  • With a Operating Margin value of 3.24%, ELMRA is not doing good in the industry: 88.46% of the companies in the same industry are doing better.
  • ELMRA's Operating Margin has declined in the last couple of years.
  • ELMRA has a worse Gross Margin (14.95%) than 92.31% of its industry peers.
  • 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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 3.24. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.24, ELMRA belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
  • ELMRA has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
  • ELMRA's Debt to Equity ratio of 1.17 is fine compared to the rest of the industry. ELMRA outperforms 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.24
ROIC/WACC0.89
WACC9.82%
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.
  • The Current ratio of ELMRA (1.05) is better than 69.23% of its industry peers.
  • ELMRA has a Quick Ratio of 1.04. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of ELMRA (1.04) is better than 73.08% 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

  • The earnings per share for ELMRA have decreased strongly by -38.95% in the last year.
  • Measured over the past years, ELMRA shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.52% on average per year.
EPS 1Y (TTM)-38.95%
EPS 3Y2.64%
EPS 5Y-8.52%
EPS Q2Q%-60.34%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.31%

3.2 Future

  • The Earnings Per Share is expected to grow by 20.48% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, ELMRA will show a small growth in Revenue. The Revenue will grow by 2.52% on average per year.
EPS Next Y40.92%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
EPS Next 5YN/A
Revenue Next Year16.75%
Revenue Next 2Y6.07%
Revenue Next 3Y2.52%
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.
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 2028 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 2028 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.85, the valuation of ELMRA can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of ELMRA indicates a rather cheap valuation: ELMRA is cheaper than 80.77% of the companies listed in the same industry.
  • ELMRA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 9.83, which indicates a very decent valuation of ELMRA.
  • Based on the Price/Forward Earnings ratio, ELMRA is valued cheaply inside the industry as 96.15% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of ELMRA to the average of the S&P500 Index (28.11), we can say ELMRA is valued rather cheaply.
Industry RankSector Rank
PE 13.85
Fwd PE 9.83
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELMRA indicates a somewhat cheap valuation: ELMRA is cheaper than 73.08% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.57
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

  • ELMRA'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 ELMRA's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y22.73%
EPS Next 3Y20.48%

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.15%, ELMRA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.95, 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 1.82, ELMRA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.15%

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

  • 109.37% of the earnings are spent on dividend by ELMRA. This is not a sustainable payout ratio.
  • ELMRA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP109.37%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
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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ELMERA GROUP ASA

OSL:ELMRA (3/2/2026, 7:00:00 PM)

33.1

0 (0%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-13
Inst Owners54.09%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap3.78B
Revenue(TTM)N/A
Net Income(TTM)299.44M
Analysts42
Price Target34.34 (3.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.15%
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)-3.81%
PT rev (3m)-3.81%
EPS NQ rev (1m)-2%
EPS NQ rev (3m)-4.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.06%
Revenue NQ rev (1m)18.16%
Revenue NQ rev (3m)16.05%
Revenue NY rev (1m)1.71%
Revenue NY rev (3m)-5.56%
Valuation
Industry RankSector Rank
PE 13.85
Fwd PE 9.83
P/S 0.33
P/FCF N/A
P/OCF 452.05
P/B 3.02
P/tB N/A
EV/EBITDA 7.57
EPS(TTM)2.39
EY7.22%
EPS(NY)3.37
Fwd EY10.18%
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.07
OCFY0.22%
SpS100.32
BVpS10.96
TBVpS-4.5
PEG (NY)0.34
PEG (5Y)N/A
Graham Number24.27
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 3.24
F-Score6
WACC9.82%
ROIC/WACC0.89
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)-38.95%
EPS 3Y2.64%
EPS 5Y-8.52%
EPS Q2Q%-60.34%
EPS Next Y40.92%
EPS Next 2Y22.73%
EPS Next 3Y20.48%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.31%
Revenue Next Year16.75%
Revenue Next 2Y6.07%
Revenue Next 3Y2.52%
Revenue Next 5YN/A
EBIT growth 1Y-18.42%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year34.77%
EBIT Next 3Y15.42%
EBIT Next 5Y14.76%
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 6 / 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 13.85 and the Price/Book (PB) ratio is 3.02.


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 grow by 40.92% in the next year.