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NEKKAR ASA (NKR.OL) Stock Fundamental Analysis

OSL:NKR - Euronext Oslo - NO0003049405 - Common Stock - Currency: NOK

11.2  -0.1 (-0.88%)

Fundamental Rating

6

Overall NKR gets a fundamental rating of 6 out of 10. We evaluated NKR against 103 industry peers in the Machinery industry. Both the health and profitability get an excellent rating, making NKR a very profitable company, without any liquidiy or solvency issues. NKR has a decent growth rate and is not valued too expensively. These ratings would make NKR suitable for quality investing!


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year NKR was profitable.
In the past year NKR had a positive cash flow from operations.
NKR had positive earnings in 4 of the past 5 years.
NKR had a positive operating cash flow in 4 of the past 5 years.
NKR.OL Yearly Net Income VS EBIT VS OCF VS FCFNKR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M

1.2 Ratios

NKR has a better Return On Assets (12.57%) than 95.15% of its industry peers.
NKR has a better Return On Equity (19.22%) than 89.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.09%, NKR belongs to the top of the industry, outperforming 93.20% of the companies in the same industry.
NKR had an Average Return On Invested Capital over the past 3 years of 20.40%. This is significantly above the industry average of 8.60%.
The last Return On Invested Capital (16.09%) for NKR is well below the 3 year average (20.40%), which needs to be investigated, but indicates that NKR had better years and this may not be a problem.
Industry RankSector Rank
ROA 12.57%
ROE 19.22%
ROIC 16.09%
ROA(3y)14.74%
ROA(5y)17.02%
ROE(3y)22.28%
ROE(5y)27.63%
ROIC(3y)20.4%
ROIC(5y)19.87%
NKR.OL Yearly ROA, ROE, ROICNKR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 60 80

1.3 Margins

With an excellent Profit Margin value of 14.13%, NKR belongs to the best of the industry, outperforming 92.23% of the companies in the same industry.
With an excellent Operating Margin value of 17.58%, NKR belongs to the best of the industry, outperforming 91.26% of the companies in the same industry.
NKR's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 47.05%, NKR is doing good in the industry, outperforming 63.11% of the companies in the same industry.
NKR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.58%
PM (TTM) 14.13%
GM 47.05%
OM growth 3Y-5.4%
OM growth 5Y20.7%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.64%
GM growth 5Y5.8%
NKR.OL Yearly Profit, Operating, Gross MarginsNKR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

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7

2. Health

2.1 Basic Checks

NKR has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, NKR has less shares outstanding
NKR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NKR has a worse debt to assets ratio.
NKR.OL Yearly Shares OutstandingNKR.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
NKR.OL Yearly Total Debt VS Total AssetsNKR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of NKR is 0.35, which is an excellent value as it means it would take NKR, only 0.35 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.35, NKR belongs to the top of the industry, outperforming 97.09% of the companies in the same industry.
A Debt/Equity ratio of 0.02 indicates that NKR is not too dependend on debt financing.
The Debt to Equity ratio of NKR (0.02) is better than 98.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Altman-Z N/A
ROIC/WACC1.87
WACC8.62%
NKR.OL Yearly LT Debt VS Equity VS FCFNKR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 3.01 indicates that NKR has no problem at all paying its short term obligations.
NKR has a Current ratio of 3.01. This is amongst the best in the industry. NKR outperforms 87.38% of its industry peers.
A Quick Ratio of 2.90 indicates that NKR has no problem at all paying its short term obligations.
NKR has a better Quick ratio (2.90) than 94.17% of its industry peers.
Industry RankSector Rank
Current Ratio 3.01
Quick Ratio 2.9
NKR.OL Yearly Current Assets VS Current LiabilitesNKR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 160.00% over the past year.
Looking at the last year, NKR shows a very strong growth in Revenue. The Revenue has grown by 48.41%.
NKR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.15% yearly.
EPS 1Y (TTM)160%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-3.45%
Revenue 1Y (TTM)48.41%
Revenue growth 3Y16.96%
Revenue growth 5Y21.15%
Sales Q2Q%29.21%

3.2 Future

Based on estimates for the next years, NKR will show a small growth in Earnings Per Share. The EPS will grow by 7.95% on average per year.
NKR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.73% yearly.
EPS Next Y3.59%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.2%
Revenue Next 2Y13.54%
Revenue Next 3YN/A
Revenue Next 5Y11.73%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
NKR.OL Yearly Revenue VS EstimatesNKR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2027 1B 2B 3B
NKR.OL Yearly EPS VS EstimatesNKR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2024 2025 0 0.5 -0.5 -1

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.36, which indicates a correct valuation of NKR.
Compared to the rest of the industry, the Price/Earnings ratio of NKR indicates a somewhat cheap valuation: NKR is cheaper than 64.08% of the companies listed in the same industry.
NKR is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.32, the valuation of NKR can be described as correct.
Based on the Price/Forward Earnings ratio, NKR is valued a bit cheaper than 66.02% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. NKR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.36
Fwd PE 12.32
NKR.OL Price Earnings VS Forward Price EarningsNKR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NKR is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, NKR is valued a bit more expensive than 61.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 33.34
EV/EBITDA 9
NKR.OL Per share dataNKR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
NKR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4
PEG (5Y)N/A
EPS Next 2Y7.95%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for NKR!.
Industry RankSector Rank
Dividend Yield N/A

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NEKKAR ASA

OSL:NKR (4/25/2025, 7:00:00 PM)

11.2

-0.1 (-0.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners7.81%
Inst Owner ChangeN/A
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap1.20B
AnalystsN/A
Price Target16.32 (45.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-20%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14.36
Fwd PE 12.32
P/S 2.09
P/FCF 33.34
P/OCF 22.62
P/B 2.85
P/tB 3.48
EV/EBITDA 9
EPS(TTM)0.78
EY6.96%
EPS(NY)0.91
Fwd EY8.12%
FCF(TTM)0.34
FCFY3%
OCF(TTM)0.5
OCFY4.42%
SpS5.35
BVpS3.93
TBVpS3.22
PEG (NY)4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.57%
ROE 19.22%
ROCE 21.06%
ROIC 16.09%
ROICexc 30.5%
ROICexgc 43.86%
OM 17.58%
PM (TTM) 14.13%
GM 47.05%
FCFM 6.27%
ROA(3y)14.74%
ROA(5y)17.02%
ROE(3y)22.28%
ROE(5y)27.63%
ROIC(3y)20.4%
ROIC(5y)19.87%
ROICexc(3y)41.61%
ROICexc(5y)N/A
ROICexgc(3y)66.18%
ROICexgc(5y)N/A
ROCE(3y)26.7%
ROCE(5y)26%
ROICexcg growth 3YN/A
ROICexcg growth 5Y54.05%
ROICexc growth 3YN/A
ROICexc growth 5Y45.78%
OM growth 3Y-5.4%
OM growth 5Y20.7%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.64%
GM growth 5Y5.8%
F-Score7
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Debt/EBITDA 0.07
Cap/Depr 192.79%
Cap/Sales 2.98%
Interest Coverage 250
Cash Conversion 48.39%
Profit Quality 44.41%
Current Ratio 3.01
Quick Ratio 2.9
Altman-Z N/A
F-Score7
WACC8.62%
ROIC/WACC1.87
Cap/Depr(3y)309.21%
Cap/Depr(5y)361.51%
Cap/Sales(3y)4.87%
Cap/Sales(5y)4.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)160%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-3.45%
EPS Next Y3.59%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)48.41%
Revenue growth 3Y16.96%
Revenue growth 5Y21.15%
Sales Q2Q%29.21%
Revenue Next Year5.2%
Revenue Next 2Y13.54%
Revenue Next 3YN/A
Revenue Next 5Y11.73%
EBIT growth 1Y77.87%
EBIT growth 3Y10.64%
EBIT growth 5Y46.24%
EBIT Next Year-14.06%
EBIT Next 3YN/A
EBIT Next 5Y16.78%
FCF growth 1Y278.63%
FCF growth 3Y-20.98%
FCF growth 5Y-13.91%
OCF growth 1Y543.6%
OCF growth 3Y-15.69%
OCF growth 5Y-9.82%