Logo image of ELMRA.OL

ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

Europe - Euronext Oslo - OSL:ELMRA - NO0010815673 - Common Stock

37.3 NOK
-0.55 (-1.45%)
Last: 1/14/2026, 4:18:48 PM
Fundamental Rating

4

Overall ELMRA gets a fundamental rating of 4 out of 10. We evaluated ELMRA against 29 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.
  • In the past year ELMRA had a positive cash flow from operations.
  • Each year in the past 5 years ELMRA has been 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

  • ELMRA has a better Return On Assets (6.00%) than 82.76% of its industry peers.
  • The Return On Equity of ELMRA (23.90%) is better than 79.31% of its industry peers.
  • The Return On Invested Capital of ELMRA (8.76%) is better than 72.41% 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 6.60%.
  • 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

  • The Profit Margin of ELMRA (2.61%) is worse than 82.76% of its industry peers.
  • ELMRA's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 3.24%, ELMRA is doing worse than 89.66% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ELMRA has declined.
  • ELMRA has a Gross Margin of 14.95%. This is amonst the worse of the industry: ELMRA underperforms 86.21% 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

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELMRA is destroying value.
  • Compared to 1 year ago, ELMRA has more shares outstanding
  • 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

  • An Altman-Z score of 3.33 indicates that ELMRA is not in any danger for bankruptcy at the moment.
  • ELMRA's Altman-Z score of 3.33 is amongst the best of the industry. ELMRA outperforms 96.55% 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.
  • ELMRA has a better Debt to Equity ratio (1.17) than 68.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.33
ROIC/WACC0.9
WACC9.69%
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

  • ELMRA has a Current Ratio of 1.05. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
  • ELMRA's Current ratio of 1.05 is fine compared to the rest of the industry. ELMRA outperforms 72.41% of its industry peers.
  • 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 79.31% 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

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.
  • ELMRA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.29%.
  • The Revenue has been growing by 11.42% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to decrease by -2.57% on average over the next years.
  • ELMRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y-40.67%
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
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

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.22, 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 96.55% of the companies in the same industry.
  • 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.
  • The Price/Forward Earnings ratio is 11.02, which indicates a very decent valuation of ELMRA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ELMRA indicates a rather cheap valuation: ELMRA is cheaper than 93.10% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, ELMRA is valued rather cheaply.
Industry RankSector Rank
PE 10.22
Fwd PE 11.02
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

  • ELMRA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ELMRA is cheaper than 72.41% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.58
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 -2.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%

6

5. Dividend

5.1 Amount

  • ELMRA has a Yearly Dividend Yield of 7.84%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.36, 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 1.92, ELMRA pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.84%

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.
  • ELMRA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP109.37%
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
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

ELMERA GROUP ASA

OSL:ELMRA (1/14/2026, 4:18:48 PM)

37.3

-0.55 (-1.45%)

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 Cap4.27B
Revenue(TTM)11.47B
Net Income(TTM)299.44M
Analysts42
Price Target35.7 (-4.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.84%
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%
PT rev (3m)-2.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.62%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.67%
Valuation
Industry RankSector Rank
PE 10.22
Fwd PE 11.02
P/S 0.37
P/FCF N/A
P/OCF 509.41
P/B 3.4
P/tB N/A
EV/EBITDA 8.58
EPS(TTM)3.65
EY9.79%
EPS(NY)3.38
Fwd EY9.07%
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 3.33
F-Score6
WACC9.69%
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-40.67%
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
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 10.22 and the Price/Book (PB) ratio is 3.4.


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 -40.67% in the next year.