MULTICONSULT ASA (MULTI.OL) Fundamental Analysis & Valuation

OSL:MULTI • NO0010734338

156.5 NOK
-0.5 (-0.32%)
Last: Mar 6, 2026, 07:00 PM

This MULTI.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, MULTI scores 4 out of 10 in our fundamental rating. MULTI was compared to 43 industry peers in the Construction & Engineering industry. There are concerns on the financial health of MULTI while its profitability can be described as average. MULTI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. MULTI.OL Profitability Analysis

1.1 Basic Checks

  • In the past year MULTI was profitable.
  • In the past year MULTI had a positive cash flow from operations.
  • MULTI had positive earnings in each of the past 5 years.
  • Each year in the past 5 years MULTI had a positive operating cash flow.
MULTI.OL Yearly Net Income VS EBIT VS OCF VS FCFMULTI.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 2025 200M 400M 600M

1.2 Ratios

  • MULTI has a Return On Assets of 5.89%. This is in the better half of the industry: MULTI outperforms 67.44% of its industry peers.
  • MULTI has a Return On Equity of 21.31%. This is in the better half of the industry: MULTI outperforms 60.47% of its industry peers.
  • MULTI has a better Return On Invested Capital (11.86%) than 60.47% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MULTI is above the industry average of 11.93%.
Industry RankSector Rank
ROA 5.89%
ROE 21.31%
ROIC 11.86%
ROA(3y)8.38%
ROA(5y)8.59%
ROE(3y)28.58%
ROE(5y)28.77%
ROIC(3y)15.06%
ROIC(5y)15.99%
MULTI.OL Yearly ROA, ROE, ROICMULTI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • With a Profit Margin value of 4.47%, MULTI perfoms like the industry average, outperforming 55.81% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MULTI has declined.
  • Looking at the Operating Margin, with a value of 6.89%, MULTI is in line with its industry, outperforming 51.16% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MULTI has declined.
Industry RankSector Rank
OM 6.89%
PM (TTM) 4.47%
GM N/A
OM growth 3Y-10.52%
OM growth 5Y-8.81%
PM growth 3Y-14.81%
PM growth 5Y-8.06%
GM growth 3YN/A
GM growth 5YN/A
MULTI.OL Yearly Profit, Operating, Gross MarginsMULTI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

2

2. MULTI.OL Health Analysis

2.1 Basic Checks

  • MULTI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • MULTI has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MULTI has more shares outstanding
  • The debt/assets ratio for MULTI is higher compared to a year ago.
MULTI.OL Yearly Shares OutstandingMULTI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
MULTI.OL Yearly Total Debt VS Total AssetsMULTI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • MULTI has a debt to FCF ratio of 8.89. This is a slightly negative value and a sign of low solvency as MULTI would need 8.89 years to pay back of all of its debts.
  • MULTI's Debt to FCF ratio of 8.89 is in line compared to the rest of the industry. MULTI outperforms 41.86% of its industry peers.
  • MULTI has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
  • MULTI has a Debt to Equity ratio of 1.06. This is in the lower half of the industry: MULTI underperforms 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 8.89
Altman-Z N/A
ROIC/WACC1.56
WACC7.61%
MULTI.OL Yearly LT Debt VS Equity VS FCFMULTI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • MULTI has a Current Ratio of 1.11. This is a normal value and indicates that MULTI is financially healthy and should not expect problems in meeting its short term obligations.
  • MULTI's Current ratio of 1.11 is in line compared to the rest of the industry. MULTI outperforms 51.16% of its industry peers.
  • MULTI has a Quick Ratio of 1.11. This is a bad value and indicates that MULTI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of MULTI (0.92) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.92
MULTI.OL Yearly Current Assets VS Current LiabilitesMULTI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

4

3. MULTI.OL Growth Analysis

3.1 Past

  • MULTI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.14%.
  • Measured over the past years, MULTI shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.07% on average per year.
  • MULTI shows a small growth in Revenue. In the last year, the Revenue has grown by 5.08%.
  • Measured over the past years, MULTI shows a quite strong growth in Revenue. The Revenue has been growing by 9.09% on average per year.
EPS 1Y (TTM)-34.14%
EPS 3Y-5.98%
EPS 5Y-0.07%
EPS Q2Q%-54.88%
Revenue 1Y (TTM)5.08%
Revenue growth 3Y10.53%
Revenue growth 5Y9.09%
Sales Q2Q%5.42%

3.2 Future

  • MULTI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.31% yearly.
  • The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y50.75%
EPS Next 2Y30.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.82%
Revenue Next 2Y7.56%
Revenue Next 3Y6.26%
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 accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MULTI.OL Yearly Revenue VS EstimatesMULTI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
MULTI.OL Yearly EPS VS EstimatesMULTI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

5

4. MULTI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.01 indicates a rather expensive valuation of MULTI.
  • The rest of the industry has a similar Price/Earnings ratio as MULTI.
  • MULTI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.29.
  • The Price/Forward Earnings ratio is 11.28, which indicates a very decent valuation of MULTI.
  • Based on the Price/Forward Earnings ratio, MULTI is valued a bit cheaper than 74.42% of the companies in the same industry.
  • MULTI is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.01
Fwd PE 11.28
MULTI.OL Price Earnings VS Forward Price EarningsMULTI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MULTI's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, MULTI is valued a bit more expensive than the industry average as 65.12% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 25
EV/EBITDA 8.92
MULTI.OL Per share dataMULTI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MULTI's earnings are expected to grow with 30.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y30.31%
EPS Next 3YN/A

4

5. MULTI.OL Dividend Analysis

5.1 Amount

  • MULTI has a Yearly Dividend Yield of 3.18%. Purely for dividend investing, there may be better candidates out there.
  • MULTI's Dividend Yield is a higher than the industry average which is at 2.30.
  • MULTI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.18%

5.2 History

  • The dividend of MULTI is nicely growing with an annual growth rate of 38.22%!
Dividend Growth(5Y)38.22%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MULTI pays out 109.52% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of MULTI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP109.52%
EPS Next 2Y30.31%
EPS Next 3YN/A
MULTI.OL Yearly Income VS Free CF VS DividendMULTI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
MULTI.OL Dividend Payout.MULTI.OL Dividend Payout, showing the Payout Ratio.MULTI.OL Dividend Payout.PayoutRetained Earnings

MULTI.OL Fundamentals: All Metrics, Ratios and Statistics

MULTICONSULT ASA

OSL:MULTI (3/6/2026, 7:00:00 PM)

156.5

-0.5 (-0.32%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-10
Earnings (Next)05-12
Inst Owners34.13%
Inst Owner ChangeN/A
Ins Owners3.09%
Ins Owner ChangeN/A
Market Cap4.33B
Revenue(TTM)5.66B
Net Income(TTM)252.96M
Analysts80
Price Target186.32 (19.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.18%
Yearly Dividend10.04
Dividend Growth(5Y)38.22%
DP109.52%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.89%
Min EPS beat(2)-51.13%
Max EPS beat(2)-22.66%
EPS beat(4)0
Avg EPS beat(4)-37.03%
Min EPS beat(4)-51.13%
Max EPS beat(4)-22.66%
EPS beat(8)3
Avg EPS beat(8)-14.09%
EPS beat(12)5
Avg EPS beat(12)-5.34%
EPS beat(16)9
Avg EPS beat(16)1.98%
Revenue beat(2)0
Avg Revenue beat(2)-3.95%
Min Revenue beat(2)-4.14%
Max Revenue beat(2)-3.76%
Revenue beat(4)0
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-6.14%
Max Revenue beat(4)-3.41%
Revenue beat(8)2
Avg Revenue beat(8)-1.8%
Revenue beat(12)6
Avg Revenue beat(12)-0.68%
Revenue beat(16)6
Avg Revenue beat(16)-1.86%
PT rev (1m)-7.43%
PT rev (3m)-7.43%
EPS NQ rev (1m)-7.31%
EPS NQ rev (3m)-11.38%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.87%
Revenue NQ rev (1m)-0.66%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)-0.72%
Revenue NY rev (3m)-0.61%
Valuation
Industry RankSector Rank
PE 17.01
Fwd PE 11.28
P/S 0.77
P/FCF 25
P/OCF 17.23
P/B 3.65
P/tB N/A
EV/EBITDA 8.92
EPS(TTM)9.2
EY5.88%
EPS(NY)13.87
Fwd EY8.86%
FCF(TTM)6.26
FCFY4%
OCF(TTM)9.08
OCFY5.8%
SpS204.46
BVpS42.89
TBVpS-10.98
PEG (NY)0.34
PEG (5Y)N/A
Graham Number94.23
Profitability
Industry RankSector Rank
ROA 5.89%
ROE 21.31%
ROCE 15.08%
ROIC 11.86%
ROICexc 12.4%
ROICexgc 31.25%
OM 6.89%
PM (TTM) 4.47%
GM N/A
FCFM 3.06%
ROA(3y)8.38%
ROA(5y)8.59%
ROE(3y)28.58%
ROE(5y)28.77%
ROIC(3y)15.06%
ROIC(5y)15.99%
ROICexc(3y)16.43%
ROICexc(5y)17.4%
ROICexgc(3y)39.35%
ROICexgc(5y)41.92%
ROCE(3y)19.15%
ROCE(5y)20.33%
ROICexgc growth 3Y-16.83%
ROICexgc growth 5Y-4.42%
ROICexc growth 3Y-15.68%
ROICexc growth 5Y-12.8%
OM growth 3Y-10.52%
OM growth 5Y-8.81%
PM growth 3Y-14.81%
PM growth 5Y-8.06%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.32
Health
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 8.89
Debt/EBITDA 1.94
Cap/Depr 30.41%
Cap/Sales 1.38%
Interest Coverage 5.57
Cash Conversion 38.86%
Profit Quality 68.47%
Current Ratio 1.11
Quick Ratio 0.92
Altman-Z N/A
F-Score4
WACC7.61%
ROIC/WACC1.56
Cap/Depr(3y)37.03%
Cap/Depr(5y)30.58%
Cap/Sales(3y)1.76%
Cap/Sales(5y)1.47%
Profit Quality(3y)102.69%
Profit Quality(5y)131.45%
High Growth Momentum
Growth
EPS 1Y (TTM)-34.14%
EPS 3Y-5.98%
EPS 5Y-0.07%
EPS Q2Q%-54.88%
EPS Next Y50.75%
EPS Next 2Y30.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.08%
Revenue growth 3Y10.53%
Revenue growth 5Y9.09%
Sales Q2Q%5.42%
Revenue Next Year7.82%
Revenue Next 2Y7.56%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
EBIT growth 1Y-32.4%
EBIT growth 3Y-1.09%
EBIT growth 5Y-0.51%
EBIT Next Year89.8%
EBIT Next 3Y30.78%
EBIT Next 5YN/A
FCF growth 1Y-69.92%
FCF growth 3Y-30.61%
FCF growth 5Y-23.06%
OCF growth 1Y-62.59%
OCF growth 3Y-23.51%
OCF growth 5Y-17.75%

MULTICONSULT ASA / MULTI.OL FAQ

What is the fundamental rating for MULTI stock?

ChartMill assigns a fundamental rating of 4 / 10 to MULTI.OL.


What is the valuation status of MULTICONSULT ASA (MULTI.OL) stock?

ChartMill assigns a valuation rating of 5 / 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 5 / 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 grow by 50.75% in the next year.


Is the dividend of MULTICONSULT ASA sustainable?

The dividend rating of MULTICONSULT ASA (MULTI.OL) is 4 / 10 and the dividend payout ratio is 109.52%.