MULTICONSULT ASA (MULTI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:MULTI - NO0010734338 - Common Stock
171.5 NOK
+0.5 (+0.29%)
We assign a fundamental rating of 5 out of 10 to MULTI. MULTI was compared to 43 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of MULTI get a neutral evaluation. Nothing too spectacular is happening here. MULTI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- MULTI had positive earnings in the past year.
- In the past year MULTI had a positive cash flow from operations.
- MULTI had positive earnings in each of the past 5 years.
- In the past 5 years MULTI always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of MULTI (7.62%) is better than 76.74% of its industry peers.
- The Return On Equity of MULTI (28.03%) is better than 72.09% of its industry peers.
- MULTI's Return On Invested Capital of 15.55% is amongst the best of the industry. MULTI outperforms 83.72% of its industry peers.
- MULTI had an Average Return On Invested Capital over the past 3 years of 17.87%. This is significantly above the industry average of 11.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.62% | ||
| ROE | 28.03% | ||
| ROIC | 15.56% |
ROA(3y)9.77%
ROA(5y)9.24%
ROE(3y)31.65%
ROE(5y)30.95%
ROIC(3y)17.87%
ROIC(5y)18.01%
1.3 Margins
- The Profit Margin of MULTI (5.42%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of MULTI has grown nicely.
- The Operating Margin of MULTI (7.39%) is comparable to the rest of the industry.
- MULTI's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.39% | ||
| PM (TTM) | 5.42% | ||
| GM | N/A |
OM growth 3Y1.47%
OM growth 5Y25.39%
PM growth 3Y7.84%
PM growth 5Y49.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MULTI is creating value.
- Compared to 1 year ago, MULTI has about the same amount of shares outstanding.
- The number of shares outstanding for MULTI has been increased compared to 5 years ago.
- Compared to 1 year ago, MULTI has an improved debt to assets ratio.
2.2 Solvency
- MULTI has an Altman-Z score of 3.14. This indicates that MULTI is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.14, MULTI belongs to the top of the industry, outperforming 81.40% of the companies in the same industry.
- The Debt to FCF ratio of MULTI is 4.81, which is a neutral value as it means it would take MULTI, 4.81 years of fcf income to pay off all of its debts.
- MULTI's Debt to FCF ratio of 4.81 is fine compared to the rest of the industry. MULTI outperforms 65.12% of its industry peers.
- A Debt/Equity ratio of 0.83 indicates that MULTI is somewhat dependend on debt financing.
- MULTI has a Debt to Equity ratio (0.83) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 4.81 | ||
| Altman-Z | 3.14 |
ROIC/WACC1.97
WACC7.9%
2.3 Liquidity
- A Current Ratio of 1.01 indicates that MULTI should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.01, MULTI is doing worse than 62.79% of the companies in the same industry.
- A Quick Ratio of 0.75 indicates that MULTI may have some problems paying its short term obligations.
- MULTI has a Quick ratio of 0.75. This is amonst the worse of the industry: MULTI underperforms 88.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
- The earnings per share for MULTI have decreased strongly by -25.63% in the last year.
- The Earnings Per Share has been growing by 60.54% on average over the past years. This is a very strong growth
- MULTI shows a small growth in Revenue. In the last year, the Revenue has grown by 5.23%.
- Measured over the past years, MULTI shows a quite strong growth in Revenue. The Revenue has been growing by 9.40% on average per year.
EPS 1Y (TTM)-25.63%
EPS 3Y17.24%
EPS 5Y60.54%
EPS Q2Q%-22.1%
Revenue 1Y (TTM)5.23%
Revenue growth 3Y12.28%
Revenue growth 5Y9.4%
Sales Q2Q%6.51%
3.2 Future
- MULTI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.80% yearly.
- The Revenue is expected to grow by 5.88% on average over the next years.
EPS Next Y-23.81%
EPS Next 2Y-0.36%
EPS Next 3Y3.8%
EPS Next 5YN/A
Revenue Next Year2.39%
Revenue Next 2Y5.38%
Revenue Next 3Y5.88%
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.
- 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
- MULTI is valuated correctly with a Price/Earnings ratio of 15.59.
- The rest of the industry has a similar Price/Earnings ratio as MULTI.
- The average S&P500 Price/Earnings ratio is at 27.21. MULTI is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 12.37, which indicates a correct valuation of MULTI.
- MULTI's Price/Forward Earnings ratio is in line with the industry average.
- MULTI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.59 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
- MULTI's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MULTI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.87 | ||
| EV/EBITDA | 9.19 |
4.3 Compensation for Growth
- The decent profitability rating of MULTI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-0.36%
EPS Next 3Y3.8%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 5.87%, MULTI is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 2.48, MULTI pays a better dividend. On top of this MULTI pays more dividend than 95.35% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, MULTI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.87% |
5.2 History
- The dividend of MULTI is nicely growing with an annual growth rate of 39.77%!
Dividend Growth(5Y)39.77%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 91.58% of the earnings are spent on dividend by MULTI. This is not a sustainable payout ratio.
- MULTI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP91.58%
EPS Next 2Y-0.36%
EPS Next 3Y3.8%
MULTICONSULT ASA / MULTI.OL FAQ
What is the fundamental rating for MULTI stock?
ChartMill assigns a fundamental rating of 5 / 10 to MULTI.OL.
What is the valuation status of MULTICONSULT ASA (MULTI.OL) stock?
ChartMill assigns a valuation rating of 4 / 10 to MULTICONSULT ASA (MULTI.OL). This can be considered as Fairly Valued.
How profitable is MULTICONSULT ASA (MULTI.OL) stock?
MULTICONSULT ASA (MULTI.OL) has a profitability rating of 6 / 10.
What is the expected EPS growth for MULTICONSULT ASA (MULTI.OL) stock?
The Earnings per Share (EPS) of MULTICONSULT ASA (MULTI.OL) is expected to decline by -23.81% in the next year.
Is the dividend of MULTICONSULT ASA sustainable?
The dividend rating of MULTICONSULT ASA (MULTI.OL) is 6 / 10 and the dividend payout ratio is 91.58%.