MULTICONSULT ASA (MULTI.OL) Fundamental Analysis & Valuation

OSL:MULTI • NO0010734338

156.5 NOK
-2 (-1.26%)
Last: Mar 4, 2026, 04:19 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

MULTI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 43 industry peers in the Construction & Engineering industry. While MULTI is still in line with the averages on profitability rating, there are concerns on its financial health. MULTI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. MULTI.OL Profitability Analysis

1.1 Basic Checks

  • In the past year MULTI was profitable.
  • MULTI had a positive operating cash flow in the past year.
  • 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.
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

  • With a decent Return On Assets value of 5.89%, MULTI is doing good in the industry, outperforming 67.44% of the companies in the same industry.
  • MULTI's Return On Equity of 21.31% is fine compared to the rest 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.
  • With a Operating Margin value of 6.89%, MULTI perfoms like the industry average, 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

  • 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 less shares outstanding
  • Compared to 5 years ago, MULTI has more shares outstanding
  • Compared to 1 year ago, MULTI has a worse debt to assets ratio.
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

  • The Debt to FCF ratio of MULTI is 8.89, which is on the high side as it means it would take MULTI, 8.89 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 8.89, MULTI perfoms like the industry average, outperforming 41.86% of the companies in the same industry.
  • MULTI has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
  • MULTI has a worse Debt to Equity ratio (1.06) than 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 8.89
Altman-Z N/A
ROIC/WACC1.56
WACC7.62%
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

  • A Current Ratio of 1.11 indicates that MULTI should not have too much problems paying its short term obligations.
  • The Current ratio of MULTI (1.11) is comparable to the rest of the industry.
  • A Quick Ratio of 0.92 indicates that MULTI may have some problems paying its short term obligations.
  • MULTI has a Quick ratio (0.92) which 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

  • The earnings per share for MULTI have decreased strongly by -34.14% in the last year.
  • MULTI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.07% yearly.
  • Looking at the last year, MULTI shows a small growth in Revenue. The Revenue has grown by 5.08% in the last year.
  • 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.
  • Based on estimates for the next years, MULTI will show a small growth in Revenue. The Revenue will grow by 6.26% on average per year.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
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

  • Based on the Price/Earnings ratio of 17.01, the valuation of MULTI can be described as rather expensive.
  • Based on the Price/Earnings ratio, MULTI is valued a bit more expensive than the industry average as 60.47% of the companies are valued more cheaply.
  • MULTI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.83.
  • The Price/Forward Earnings ratio is 11.28, which indicates a very decent valuation of MULTI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MULTI indicates a somewhat cheap valuation: MULTI is cheaper than 72.09% of the companies listed in the same industry.
  • MULTI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.95.
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 ratio is in line with 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 8.98
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.
  • A more expensive valuation may be justified as MULTI's earnings are expected to grow with 30.31% in the coming years.
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.
  • Compared to an average S&P500 Dividend Yield of 1.82, MULTI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.18%

5.2 History

  • On average, the dividend of MULTI grows each year by 38.22%, which is quite nice.
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 (3/4/2026, 4:19:50 PM)

156.5

-2 (-1.26%)

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 8.98
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
WACC7.62%
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%.