ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis

OSL:ELMRA • NO0010815673

34 NOK
-1.7 (-4.76%)
Last: Feb 16, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ELMRA. ELMRA was compared to 27 industry peers in the Electric Utilities industry. ELMRA has an average financial health and profitability rating. ELMRA is not valued too expensively and it also shows a decent growth rate. Finally ELMRA also has an excellent dividend rating.


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.
  • 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 85.19% of its industry peers.
  • ELMRA has a better Return On Equity (23.90%) 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 6.53%.
  • 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

  • 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.
  • 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 88.89% of the companies in the same industry.
  • ELMRA's Operating Margin has declined in the last couple of years.
  • The Gross Margin of ELMRA (14.95%) is worse than 88.89% of its industry peers.
  • ELMRA's Gross Margin has declined in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELMRA is destroying value.
  • The number of shares outstanding for ELMRA has been increased compared to 1 year ago.
  • Compared to 5 years ago, ELMRA has more shares outstanding
  • 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 3.29. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
  • ELMRA's Altman-Z score of 3.29 is amongst the best of the industry. ELMRA outperforms 96.30% of its industry peers.
  • A Debt/Equity ratio of 1.17 is on the high side and indicates that ELMRA has dependencies on debt financing.
  • ELMRA has a Debt to Equity ratio of 1.17. This is in the better half of the industry: ELMRA outperforms 62.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 3.29
ROIC/WACC0.89
WACC9.79%
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.
  • Looking at the Current ratio, with a value of 1.05, ELMRA is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • 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.
  • ELMRA has a Quick ratio of 1.04. This is in the better half of the industry: ELMRA outperforms 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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 33.13% over the past year.
  • ELMRA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.54% yearly.
  • The Revenue for ELMRA has decreased by -18.29% in the past year. This is quite bad
  • 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

  • ELMRA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.65% yearly.
  • The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y-41%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
EPS Next 5Y1.65%
Revenue Next Year2.61%
Revenue Next 2Y5.65%
Revenue Next 3Y4.2%
Revenue Next 5Y2.24%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.32, the valuation of ELMRA can be described as very reasonable.
  • Based on the Price/Earnings ratio, ELMRA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of ELMRA to the average of the S&P500 Index (27.19), we can say ELMRA is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.09, 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 28.06. ELMRA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.32
Fwd PE 10.09
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

  • 74.07% 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 8.12
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

7

5. Dividend

5.1 Amount

  • ELMRA has a Yearly Dividend Yield of 5.41%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.94, ELMRA pays a better dividend. On top of this ELMRA pays more dividend than 100.00% of the companies listed in the same industry.
  • ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.41%

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 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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ELMERA GROUP ASA

OSL:ELMRA (2/16/2026, 7:00:00 PM)

34

-1.7 (-4.76%)

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 Cap3.89B
Revenue(TTM)11.47B
Net Income(TTM)299.44M
Analysts42
Price Target36.04 (6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.41%
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)-4.61%
EPS NQ rev (3m)-17.74%
EPS NY rev (1m)-0.55%
EPS NY rev (3m)-15.06%
Revenue NQ rev (1m)18.16%
Revenue NQ rev (3m)-35.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.15%
Valuation
Industry RankSector Rank
PE 9.32
Fwd PE 10.09
P/S 0.34
P/FCF N/A
P/OCF 464.34
P/B 3.1
P/tB N/A
EV/EBITDA 8.12
EPS(TTM)3.65
EY10.74%
EPS(NY)3.37
Fwd EY9.91%
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.07
OCFY0.22%
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 3.29
F-Score6
WACC9.79%
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)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 5Y1.65%
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 5Y2.24%
EBIT growth 1Y-18.42%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year42.36%
EBIT Next 3Y17.23%
EBIT Next 5Y17.56%
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 9.32 and the Price/Book (PB) ratio is 3.1.


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.