NORBIT ASA (NORBT.OL) Stock Fundamental Analysis

OSL:NORBT • NO0010856511

184.2 NOK
-3.2 (-1.71%)
Last: Feb 12, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

8

We assign a fundamental rating of 8 out of 10 to NORBT. NORBT was compared to 57 industry peers in the Electronic Equipment, Instruments & Components industry. While NORBT has a great profitability rating, there are some minor concerns on its financial health. NORBT is growing strongly while it is still valued neutral. This is a good combination! NORBT also has an excellent dividend rating. These ratings could make NORBT a good candidate for dividend and growth investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • NORBT had positive earnings in the past year.
  • In the past year NORBT had a positive cash flow from operations.
  • In the past 5 years NORBT has always been profitable.
  • In the past 5 years NORBT always reported a positive cash flow from operatings.
NORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFNORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • NORBT has a Return On Assets of 15.16%. This is amongst the best in the industry. NORBT outperforms 96.49% of its industry peers.
  • The Return On Equity of NORBT (30.22%) is better than 98.25% of its industry peers.
  • NORBT's Return On Invested Capital of 21.69% is amongst the best of the industry. NORBT outperforms 96.49% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NORBT is significantly above the industry average of 7.90%.
  • The 3 year average ROIC (17.33%) for NORBT is below the current ROIC(21.69%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 15.16%
ROE 30.22%
ROIC 21.69%
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
NORBT.OL Yearly ROA, ROE, ROICNORBT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • NORBT's Profit Margin of 16.70% is amongst the best of the industry. NORBT outperforms 94.74% of its industry peers.
  • In the last couple of years the Profit Margin of NORBT has grown nicely.
  • Looking at the Operating Margin, with a value of 23.17%, NORBT belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
  • NORBT's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.86%, NORBT is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NORBT has grown nicely.
Industry RankSector Rank
OM 23.17%
PM (TTM) 16.7%
GM 58.86%
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
NORBT.OL Yearly Profit, Operating, Gross MarginsNORBT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NORBT is creating value.
  • NORBT has more shares outstanding than it did 1 year ago.
  • NORBT has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NORBT has a worse debt to assets ratio.
NORBT.OL Yearly Shares OutstandingNORBT.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
NORBT.OL Yearly Total Debt VS Total AssetsNORBT.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 7.96 indicates that NORBT is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of NORBT (7.96) is better than 94.74% of its industry peers.
  • NORBT has a debt to FCF ratio of 2.51. This is a good value and a sign of high solvency as NORBT would need 2.51 years to pay back of all of its debts.
  • NORBT's Debt to FCF ratio of 2.51 is fine compared to the rest of the industry. NORBT outperforms 78.95% of its industry peers.
  • NORBT has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • NORBT has a Debt to Equity ratio (0.44) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.51
Altman-Z 7.96
ROIC/WACC2.58
WACC8.41%
NORBT.OL Yearly LT Debt VS Equity VS FCFNORBT.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.79 indicates that NORBT should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.79, NORBT is in line with its industry, outperforming 59.65% of the companies in the same industry.
  • NORBT has a Quick Ratio of 1.79. 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 has a Quick ratio of 0.74. This is amonst the worse of the industry: NORBT underperforms 80.70% of its industry peers.
  • The current and quick ratio evaluation for NORBT is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.79
Quick Ratio 0.74
NORBT.OL Yearly Current Assets VS Current LiabilitesNORBT.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

10

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 100.34% over the past year.
  • NORBT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.16% yearly.
  • Looking at the last year, NORBT shows a very strong growth in Revenue. The Revenue has grown by 42.51%.
  • The Revenue has been growing by 21.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)100.34%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%47.27%
Revenue 1Y (TTM)42.51%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%35.9%

3.2 Future

  • Based on estimates for the next years, NORBT will show a very strong growth in Earnings Per Share. The EPS will grow by 32.01% on average per year.
  • Based on estimates for the next years, NORBT will show a very strong growth in Revenue. The Revenue will grow by 22.28% on average per year.
EPS Next Y86.68%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
EPS Next 5Y32.01%
Revenue Next Year46.47%
Revenue Next 2Y30.13%
Revenue Next 3Y23.86%
Revenue Next 5Y22.28%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
NORBT.OL Yearly Revenue VS EstimatesNORBT.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
NORBT.OL Yearly EPS VS EstimatesNORBT.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 31.06, the valuation of NORBT can be described as expensive.
  • Based on the Price/Earnings ratio, NORBT is valued a bit cheaper than 68.42% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. NORBT is around the same levels.
  • NORBT is valuated rather expensively with a Price/Forward Earnings ratio of 21.68.
  • NORBT's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of NORBT to the average of the S&P500 Index (27.69), we can say NORBT is valued slightly cheaper.
Industry RankSector Rank
PE 31.06
Fwd PE 21.68
NORBT.OL Price Earnings VS Forward Price EarningsNORBT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NORBT is on the same level as its industry peers.
  • 70.18% of the companies in the same industry are cheaper than NORBT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 48.1
EV/EBITDA 18.5
NORBT.OL Per share dataNORBT.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • The excellent profitability rating of NORBT may justify a higher PE ratio.
  • A more expensive valuation may be justified as NORBT's earnings are expected to grow with 34.52% in the coming years.
PEG (NY)0.36
PEG (5Y)1.4
EPS Next 2Y47.42%
EPS Next 3Y34.52%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • NORBT has a Yearly Dividend Yield of 3.23%. Purely for dividend investing, there may be better candidates out there.
  • NORBT's Dividend Yield is rather good when compared to the industry average which is at 1.43. NORBT pays more dividend than 80.70% of the companies in the same industry.
  • NORBT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.23%

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

  • 50.37% 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.
DP50.37%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
NORBT.OL Yearly Income VS Free CF VS DividendNORBT.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M 200M
NORBT.OL Dividend Payout.NORBT.OL Dividend Payout, showing the Payout Ratio.NORBT.OL Dividend Payout.PayoutRetained Earnings

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NORBIT ASA

OSL:NORBT (2/12/2026, 4:19:42 PM)

184.2

-3.2 (-1.71%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-13
Earnings (Next)02-11
Inst Owners22.15%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap11.78B
Revenue(TTM)2.27B
Net Income(TTM)378.80M
Analysts84
Price Target206.55 (12.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.23%
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP50.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.16%
Min EPS beat(2)-26.85%
Max EPS beat(2)-1.48%
EPS beat(4)1
Avg EPS beat(4)-2.21%
Min EPS beat(4)-26.85%
Max EPS beat(4)24.7%
EPS beat(8)3
Avg EPS beat(8)-3.92%
EPS beat(12)6
Avg EPS beat(12)4.73%
EPS beat(16)7
Avg EPS beat(16)-1.05%
Revenue beat(2)0
Avg Revenue beat(2)-6.91%
Min Revenue beat(2)-8.1%
Max Revenue beat(2)-5.73%
Revenue beat(4)0
Avg Revenue beat(4)-4.51%
Min Revenue beat(4)-8.1%
Max Revenue beat(4)-1.75%
Revenue beat(8)1
Avg Revenue beat(8)-4.17%
Revenue beat(12)4
Avg Revenue beat(12)0.33%
Revenue beat(16)7
Avg Revenue beat(16)0.8%
PT rev (1m)-11.96%
PT rev (3m)-11.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.09%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-4.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.53%
Valuation
Industry RankSector Rank
PE 31.06
Fwd PE 21.68
P/S 5.19
P/FCF 48.1
P/OCF 27.44
P/B 9.4
P/tB 39.16
EV/EBITDA 18.5
EPS(TTM)5.93
EY3.22%
EPS(NY)8.5
Fwd EY4.61%
FCF(TTM)3.83
FCFY2.08%
OCF(TTM)6.71
OCFY3.64%
SpS35.46
BVpS19.6
TBVpS4.7
PEG (NY)0.36
PEG (5Y)1.4
Graham Number51.14
Profitability
Industry RankSector Rank
ROA 15.16%
ROE 30.22%
ROCE 28.59%
ROIC 21.69%
ROICexc 23.54%
ROICexgc 53.81%
OM 23.17%
PM (TTM) 16.7%
GM 58.86%
FCFM 10.8%
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%
ROICexgc growth 3Y38.91%
ROICexgc 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 Turnover0.91
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.51
Debt/EBITDA 0.83
Cap/Depr 124.85%
Cap/Sales 8.13%
Interest Coverage 250
Cash Conversion 63.78%
Profit Quality 64.65%
Current Ratio 1.79
Quick Ratio 0.74
Altman-Z 7.96
F-Score6
WACC8.41%
ROIC/WACC2.58
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)100.34%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%47.27%
EPS Next Y86.68%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
EPS Next 5Y32.01%
Revenue 1Y (TTM)42.51%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%35.9%
Revenue Next Year46.47%
Revenue Next 2Y30.13%
Revenue Next 3Y23.86%
Revenue Next 5Y22.28%
EBIT growth 1Y101.53%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year122.32%
EBIT Next 3Y41.75%
EBIT Next 5YN/A
FCF growth 1Y149.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.59%
OCF growth 3Y108.27%
OCF growth 5Y59.9%

NORBIT ASA / NORBT.OL FAQ

What is the ChartMill fundamental rating of NORBIT ASA (NORBT.OL) stock?

ChartMill assigns a fundamental rating of 8 / 10 to NORBT.OL.


Can you provide the valuation status for NORBIT ASA?

ChartMill assigns a valuation rating of 5 / 10 to NORBIT ASA (NORBT.OL). This can be considered as Fairly Valued.


How profitable is NORBIT ASA (NORBT.OL) stock?

NORBIT ASA (NORBT.OL) has a profitability rating of 9 / 10.


What are the PE and PB ratios of NORBIT ASA (NORBT.OL) stock?

The Price/Earnings (PE) ratio for NORBIT ASA (NORBT.OL) is 31.06 and the Price/Book (PB) ratio is 9.4.


Can you provide the dividend sustainability for NORBT stock?

The dividend rating of NORBIT ASA (NORBT.OL) is 7 / 10 and the dividend payout ratio is 50.37%.