ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to ELMRA. ELMRA was compared to 19 industry peers in the Electric Utilities industry. ELMRA has an average financial health and profitability rating. ELMRA has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
ELMRA had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: ELMRA reported negative operating cash flow in multiple years.
1.2 Ratios
With a decent Return On Assets value of 5.37%, ELMRA is doing good in the industry, outperforming 63.16% of the companies in the same industry.
ELMRA has a Return On Equity of 19.79%. This is in the better half of the industry: ELMRA outperforms 68.42% of its industry peers.
The Return On Invested Capital of ELMRA (8.79%) is better than 68.42% of its industry peers.
ELMRA had an Average Return On Invested Capital over the past 3 years of 7.64%. This is in line with the industry average of 7.76%.
The last Return On Invested Capital (8.79%) for ELMRA is above the 3 year average (7.64%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 19.79% | ||
| ROIC | 8.79% |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
1.3 Margins
ELMRA's Profit Margin of 2.73% is on the low side compared to the rest of the industry. ELMRA is outperformed by 78.95% of its industry peers.
In the last couple of years the Profit Margin of ELMRA has declined.
The Operating Margin of ELMRA (3.37%) is worse than 78.95% of its industry peers.
ELMRA's Operating Margin has declined in the last couple of years.
ELMRA has a Gross Margin of 15.53%. This is in the lower half of the industry: ELMRA underperforms 78.95% of its industry peers.
ELMRA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.37% | ||
| PM (TTM) | 2.73% | ||
| GM | 15.53% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELMRA 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.
ELMRA has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.99 indicates that ELMRA is not a great score, but indicates only limited risk for bankruptcy at the moment.
ELMRA has a Altman-Z score of 2.99. This is amongst the best in the industry. ELMRA outperforms 94.74% of its industry peers.
The Debt to FCF ratio of ELMRA is 1.98, which is an excellent value as it means it would take ELMRA, only 1.98 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.98, ELMRA belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that ELMRA is somewhat dependend on debt financing.
ELMRA has a better Debt to Equity ratio (0.73) than 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.9
WACC9.81%
2.3 Liquidity
A Current Ratio of 1.15 indicates that ELMRA should not have too much problems paying its short term obligations.
ELMRA's Current ratio of 1.15 is fine compared to the rest of the industry. ELMRA outperforms 78.95% of its industry peers.
A Quick Ratio of 1.15 indicates that ELMRA should not have too much problems paying its short term obligations.
ELMRA has a Quick ratio of 1.15. This is amongst the best in the industry. ELMRA outperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
ELMRA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.17%, 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 -31.42% 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)22.17%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%-31.14%
Revenue 1Y (TTM)-31.42%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-21.37%
3.2 Future
The Earnings Per Share is expected to decrease by -1.84% on average over the next years.
ELMRA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.58% yearly.
EPS Next Y-16.93%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
EPS Next 5YN/A
Revenue Next Year0.16%
Revenue Next 2Y1.57%
Revenue Next 3Y-1.58%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.30, the valuation of ELMRA can be described as very reasonable.
Based on the Price/Earnings ratio, ELMRA is valued cheaply inside the industry as 94.74% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ELMRA to the average of the S&P500 Index (27.30), we can say ELMRA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.70, the valuation of ELMRA can be described as reasonable.
Based on the Price/Forward Earnings ratio, ELMRA is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. ELMRA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.3 | ||
| Fwd PE | 10.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELMRA is on the same level as its industry peers.
ELMRA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ELMRA is cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.12 | ||
| EV/EBITDA | 8.27 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
5. Dividend
5.1 Amount
ELMRA has a Yearly Dividend Yield of 8.49%, which is a nice return.
ELMRA's Dividend Yield is rather good when compared to the industry average which is at 4.10. ELMRA pays more dividend than 100.00% of the companies in the same industry.
ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.49% |
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 82.32% of its income as dividend. This is not a sustainable payout ratio.
ELMRA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP82.32%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
OSL:ELMRA (7/9/2025, 12:50:01 PM)
36.05
+0.45 (+1.26%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners37.41%
Inst Owner ChangeN/A
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap4.12B
Analysts76.67
Price Target37.4 (3.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.49% |
Yearly Dividend2.3
Dividend Growth(5Y)0.91%
DP82.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)37.2%
Min EPS beat(2)-17.3%
Max EPS beat(2)91.7%
EPS beat(4)3
Avg EPS beat(4)448.61%
Min EPS beat(4)-17.3%
Max EPS beat(4)1705.83%
EPS beat(8)5
Avg EPS beat(8)234.85%
EPS beat(12)9
Avg EPS beat(12)173.27%
EPS beat(16)11
Avg EPS beat(16)130.19%
Revenue beat(2)2
Avg Revenue beat(2)11.09%
Min Revenue beat(2)8.4%
Max Revenue beat(2)13.79%
Revenue beat(4)2
Avg Revenue beat(4)-7.4%
Min Revenue beat(4)-34.12%
Max Revenue beat(4)13.79%
Revenue beat(8)4
Avg Revenue beat(8)-0.96%
Revenue beat(12)6
Avg Revenue beat(12)2.08%
Revenue beat(16)9
Avg Revenue beat(16)13.11%
PT rev (1m)2.8%
PT rev (3m)2.8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.3 | ||
| Fwd PE | 10.7 | ||
| P/S | 0.37 | ||
| P/FCF | 7.12 | ||
| P/OCF | 6.32 | ||
| P/B | 2.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.27 |
EPS(TTM)3.5
EY9.71%
EPS(NY)3.37
Fwd EY9.35%
FCF(TTM)5.07
FCFY14.05%
OCF(TTM)5.71
OCFY15.83%
SpS97.48
BVpS13.45
TBVpS-2.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 19.79% | ||
| ROCE | 11.81% | ||
| ROIC | 8.79% | ||
| ROICexc | 9.64% | ||
| ROICexgc | 21.85% | ||
| OM | 3.37% | ||
| PM (TTM) | 2.73% | ||
| GM | 15.53% | ||
| FCFM | 5.2% |
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%
ROICexcg growth 3Y-13.73%
ROICexcg 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 Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.98 | ||
| Debt/EBITDA | 2.04 | ||
| Cap/Depr | 41.85% | ||
| Cap/Sales | 0.66% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 118.42% | ||
| Profit Quality | 190.26% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.99 |
F-Score6
WACC9.81%
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)22.17%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%-31.14%
EPS Next Y-16.93%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
EPS Next 5YN/A
Revenue 1Y (TTM)-31.42%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-21.37%
Revenue Next Year0.16%
Revenue Next 2Y1.57%
Revenue Next 3Y-1.58%
Revenue Next 5YN/A
EBIT growth 1Y-3.4%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year50.36%
EBIT Next 3Y18.28%
EBIT Next 5YN/A
FCF growth 1Y145.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y153.32%
OCF growth 3YN/A
OCF growth 5YN/A