NORBIT ASA (NORBT.OL) Stock Fundamental Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
Taking everything into account, NORBT scores 8 out of 10 in our fundamental rating. NORBT was compared to 49 industry peers in the Electronic Equipment, Instruments & Components industry. Both the health and profitability get an excellent rating, making NORBT a very profitable company, without any liquidiy or solvency issues. NORBT is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes NORBT very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
NORBT had positive earnings in the past year.
NORBT had a positive operating cash flow in the past year.
Each year in the past 5 years NORBT has been profitable.
In the past 5 years NORBT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.76%, NORBT belongs to the top of the industry, outperforming 95.92% of the companies in the same industry.
With an excellent Return On Equity value of 24.39%, NORBT belongs to the best of the industry, outperforming 95.92% of the companies in the same industry.
NORBT has a Return On Invested Capital of 18.38%. This is amongst the best in the industry. NORBT outperforms 97.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NORBT is significantly above the industry average of 7.00%.
The 3 year average ROIC (17.33%) for NORBT is below the current ROIC(18.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.76% | ||
| ROE | 24.39% | ||
| ROIC | 18.38% |
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
1.3 Margins
NORBT has a Profit Margin of 16.20%. This is amongst the best in the industry. NORBT outperforms 97.96% of its industry peers.
NORBT's Profit Margin has improved in the last couple of years.
NORBT's Operating Margin of 23.08% is amongst the best of the industry. NORBT outperforms 97.96% of its industry peers.
In the last couple of years the Operating Margin of NORBT has grown nicely.
NORBT has a Gross Margin of 61.99%. This is amongst the best in the industry. NORBT outperforms 85.71% of its industry peers.
In the last couple of years the Gross Margin of NORBT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.08% | ||
| PM (TTM) | 16.2% | ||
| GM | 61.99% |
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
2. Health
2.1 Basic Checks
NORBT 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, NORBT has more shares outstanding
NORBT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NORBT is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.80 indicates that NORBT is not in any danger for bankruptcy at the moment.
NORBT's Altman-Z score of 8.80 is amongst the best of the industry. NORBT outperforms 91.84% of its industry peers.
NORBT has a debt to FCF ratio of 1.68. This is a very positive value and a sign of high solvency as it would only need 1.68 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.68, NORBT belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
NORBT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of NORBT (0.41) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.68 | ||
| Altman-Z | 8.8 |
ROIC/WACC2.16
WACC8.51%
2.3 Liquidity
NORBT has a Current Ratio of 1.93. This is a normal value and indicates that NORBT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.93, NORBT is doing good in the industry, outperforming 63.27% of the companies in the same industry.
NORBT has a Quick Ratio of 1.93. This is a bad value and indicates that NORBT is not financially healthy enough and could expect problems in meeting its short term obligations.
NORBT's Quick ratio of 0.97 is in line compared to the rest of the industry. NORBT outperforms 42.86% of its industry peers.
NORBT does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 76.19% over the past year.
Measured over the past years, NORBT shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.16% on average per year.
NORBT shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.82%.
NORBT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.25% yearly.
EPS 1Y (TTM)76.19%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%180%
Revenue 1Y (TTM)20.82%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%29.01%
3.2 Future
The Earnings Per Share is expected to grow by 30.82% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 23.36% on average over the next years. This is a very strong growth
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y30.82%
Revenue Next Year34.15%
Revenue Next 2Y23.07%
Revenue Next 3Y19.14%
Revenue Next 5Y23.36%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 42.46, which means the current valuation is very expensive for NORBT.
NORBT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.45. NORBT is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 28.45, which means the current valuation is very expensive for NORBT.
The rest of the industry has a similar Price/Forward Earnings ratio as NORBT.
When comparing the Price/Forward Earnings ratio of NORBT to the average of the S&P500 Index (21.90), we can say NORBT is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.46 | ||
| Fwd PE | 28.45 |
4.2 Price Multiples
NORBT's Enterprise Value to EBITDA is on the same level as the industry average.
NORBT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.19 | ||
| EV/EBITDA | 23.11 |
4.3 Compensation for Growth
NORBT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NORBT has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as NORBT's earnings are expected to grow with 28.16% in the coming years.
PEG (NY)0.77
PEG (5Y)1.92
EPS Next 2Y35.5%
EPS Next 3Y28.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.45%, NORBT has a reasonable but not impressive dividend return.
NORBT's Dividend Yield is comparable with the industry average which is at 3.03.
Compared to an average S&P500 Dividend Yield of 2.42, NORBT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
5.2 History
The dividend of NORBT has a limited annual growth rate of 5.27%.
Dividend Growth(5Y)5.27%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
50.50% of the earnings are spent on dividend by NORBT. This is a bit on the high side, but may be sustainable.
The dividend of NORBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.5%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
OSL:NORBT (7/3/2025, 4:19:58 PM)
204.25
+4.25 (+2.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners19.3%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap13.06B
Analysts84
Price Target198.9 (-2.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP50.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.75%
Min EPS beat(2)-5.2%
Max EPS beat(2)24.7%
EPS beat(4)2
Avg EPS beat(4)7.8%
Min EPS beat(4)-38.62%
Max EPS beat(4)50.33%
EPS beat(8)4
Avg EPS beat(8)0.21%
EPS beat(12)7
Avg EPS beat(12)4.93%
EPS beat(16)8
Avg EPS beat(16)6.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.1%
Min Revenue beat(2)-2.46%
Max Revenue beat(2)-1.75%
Revenue beat(4)1
Avg Revenue beat(4)-4.48%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)1.42%
Revenue beat(8)2
Avg Revenue beat(8)-2.05%
Revenue beat(12)5
Avg Revenue beat(12)1.4%
Revenue beat(16)8
Avg Revenue beat(16)1.8%
PT rev (1m)30%
PT rev (3m)44.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.43%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)36.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.46 | ||
| Fwd PE | 28.45 | ||
| P/S | 6.99 | ||
| P/FCF | 41.19 | ||
| P/OCF | 27.3 | ||
| P/B | 10.52 | ||
| P/tB | 40.18 | ||
| EV/EBITDA | 23.11 |
EPS(TTM)4.81
EY2.35%
EPS(NY)7.18
Fwd EY3.51%
FCF(TTM)4.96
FCFY2.43%
OCF(TTM)7.48
OCFY3.66%
SpS29.22
BVpS19.41
TBVpS5.08
PEG (NY)0.77
PEG (5Y)1.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.76% | ||
| ROE | 24.39% | ||
| ROCE | 24.23% | ||
| ROIC | 18.38% | ||
| ROICexc | 21.26% | ||
| ROICexgc | 52.57% | ||
| OM | 23.08% | ||
| PM (TTM) | 16.2% | ||
| GM | 61.99% | ||
| FCFM | 16.97% |
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
ROICexc(3y)18.7%
ROICexc(5y)14.35%
ROICexgc(3y)38.39%
ROICexgc(5y)28.66%
ROCE(3y)22.85%
ROCE(5y)17.76%
ROICexcg growth 3Y38.91%
ROICexcg growth 5Y14.38%
ROICexc growth 3Y27.68%
ROICexc growth 5Y2.09%
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
F-Score6
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.68 | ||
| Debt/EBITDA | 0.9 | ||
| Cap/Depr | 119.57% | ||
| Cap/Sales | 8.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.49% | ||
| Profit Quality | 104.72% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 8.8 |
F-Score6
WACC8.51%
ROIC/WACC2.16
Cap/Depr(3y)104.85%
Cap/Depr(5y)141.79%
Cap/Sales(3y)7.72%
Cap/Sales(5y)11.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)76.19%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%180%
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y30.82%
Revenue 1Y (TTM)20.82%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%29.01%
Revenue Next Year34.15%
Revenue Next 2Y23.07%
Revenue Next 3Y19.14%
Revenue Next 5Y23.36%
EBIT growth 1Y74.83%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year112.03%
EBIT Next 3Y38.97%
EBIT Next 5YN/A
FCF growth 1Y252.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y169.37%
OCF growth 3Y108.27%
OCF growth 5Y59.9%