ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

OSL:ELMRA • NO0010815673

35.625 NOK
-1.37 (-3.72%)
Last: Feb 13, 2026, 10:39 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

ELMRA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 27 industry peers in the Electric Utilities industry. ELMRA has only an average score on both its financial health and profitability. ELMRA has a valuation in line with the averages, 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.
  • In the past 5 years ELMRA has always 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.
  • The Return On Equity of ELMRA (23.90%) is better than 81.48% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.76%, ELMRA is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ELMRA is in line with the industry average of 6.36%.
  • 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's Profit Margin of 2.61% is on the low side compared to the rest of the industry. ELMRA is outperformed by 81.48% of its industry peers.
  • In the last couple of years the Profit Margin of ELMRA has declined.
  • The Operating Margin of ELMRA (3.24%) is worse than 88.89% of its industry peers.
  • ELMRA's Operating Margin has declined in the last couple of years.
  • ELMRA's Gross Margin of 14.95% is on the low side compared to the rest of the industry. ELMRA is outperformed by 88.89% 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

More info and screens

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.
  • The number of shares outstanding for ELMRA has been increased compared to 1 year ago.
  • The number of shares outstanding for ELMRA has been increased compared to 5 years ago.
  • Compared to 1 year ago, ELMRA has a worse debt to assets ratio.
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 3.32. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
  • ELMRA's Altman-Z score of 3.32 is amongst the best of the industry. ELMRA outperforms 96.30% of its industry peers.
  • ELMRA has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.17, ELMRA is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.32
ROIC/WACC0.9
WACC9.71%
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 70.37% 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.
  • Looking at the Quick ratio, with a value of 1.04, ELMRA is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
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

More info and screens

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.
  • The Earnings Per Share has been decreasing by -1.54% on average over the past years.
  • Looking at the last year, ELMRA shows a very negative growth in Revenue. The Revenue has decreased by -18.29% in the last year.
  • ELMRA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.76, the valuation of ELMRA can be described as reasonable.
  • Based on the Price/Earnings ratio, ELMRA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • ELMRA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.67.
  • The Price/Forward Earnings ratio is 10.58, which indicates a very decent valuation of ELMRA.
  • Based on the Price/Forward Earnings ratio, ELMRA is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
  • ELMRA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 9.76
Fwd PE 10.58
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

  • 66.67% of the companies in the same industry are more expensive than ELMRA, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.4
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 earnings are expected to decrease with -2.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%

More info and screens

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

6

5. Dividend

5.1 Amount

  • ELMRA has a Yearly Dividend Yield of 7.63%, which is a nice return.
  • 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

  • 109.37% of the earnings are spent on dividend by ELMRA. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

ELMERA GROUP ASA

OSL:ELMRA (2/13/2026, 10:39:28 AM)

35.625

-1.37 (-3.72%)

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 Cap4.07B
Revenue(TTM)11.47B
Net Income(TTM)299.44M
Analysts42
Price Target36.04 (1.16%)
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 9.76
Fwd PE 10.58
P/S 0.36
P/FCF N/A
P/OCF 486.53
P/B 3.25
P/tB N/A
EV/EBITDA 8.4
EPS(TTM)3.65
EY10.25%
EPS(NY)3.37
Fwd EY9.45%
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.07
OCFY0.21%
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 3.32
F-Score6
WACC9.71%
ROIC/WACC0.9
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 9.76 and the Price/Book (PB) ratio is 3.25.


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.