NORBIT ASA (NORBT.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:NORBT - NO0010856511 - Common Stock
183.8 NOK
+2.4 (+1.32%)
Taking everything into account, NORBT scores 8 out of 10 in our fundamental rating. NORBT was compared to 54 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 growing strongly while it is still valued neutral. This is a good combination! These ratings could make NORBT a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year NORBT was profitable.
NORBT had a positive operating cash flow in the past year.
NORBT had positive earnings in each of the past 5 years.
Each year in the past 5 years NORBT had a positive operating cash flow.
1.2 Ratios
NORBT has a better Return On Assets (15.01%) than 98.15% of its industry peers.
With an excellent Return On Equity value of 30.32%, NORBT belongs to the best of the industry, outperforming 98.15% of the companies in the same industry.
With an excellent Return On Invested Capital value of 21.79%, NORBT belongs to the best of the industry, outperforming 98.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NORBT is significantly above the industry average of 7.71%.
The 3 year average ROIC (17.33%) for NORBT is below the current ROIC(21.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.01% | ||
| ROE | 30.32% | ||
| ROIC | 21.79% |
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's Profit Margin of 16.96% is amongst the best of the industry. NORBT outperforms 96.30% of its industry peers.
NORBT's Profit Margin has improved in the last couple of years.
The Operating Margin of NORBT (23.62%) is better than 96.30% of its industry peers.
NORBT's Operating Margin has improved in the last couple of years.
NORBT's Gross Margin of 60.04% is fine compared to the rest of the industry. NORBT outperforms 75.93% of its industry peers.
In the last couple of years the Gross Margin of NORBT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.62% | ||
| PM (TTM) | 16.96% | ||
| GM | 60.04% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NORBT is creating value.
The number of shares outstanding for NORBT has been increased compared to 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.
2.2 Solvency
An Altman-Z score of 7.83 indicates that NORBT is not in any danger for bankruptcy at the moment.
The Altman-Z score of NORBT (7.83) is better than 88.89% 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.
NORBT's Debt to FCF ratio of 1.68 is amongst the best of the industry. NORBT outperforms 85.19% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that NORBT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.44, NORBT is doing worse than 61.11% of the companies in the same industry.
Although NORBT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 1.68 | ||
| Altman-Z | 7.83 |
ROIC/WACC2.59
WACC8.41%
2.3 Liquidity
A Current Ratio of 1.73 indicates that NORBT should not have too much problems paying its short term obligations.
The Current ratio of NORBT (1.73) is better than 62.96% of its industry peers.
A Quick Ratio of 0.82 indicates that NORBT may have some problems paying its short term obligations.
The Quick ratio of NORBT (0.82) is worse than 74.07% 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 | 1.73 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 100.34% 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.
Looking at the last year, NORBT shows a quite strong growth in Revenue. The Revenue has grown by 15.31% in the last year.
Measured over the past years, NORBT shows a very strong growth in Revenue. The Revenue has been growing by 21.25% on average per year.
EPS 1Y (TTM)100.34%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%47.27%
Revenue 1Y (TTM)15.31%
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.
NORBT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.28% yearly.
EPS Next Y86.77%
EPS Next 2Y51.17%
EPS Next 3Y35.86%
EPS Next 5Y32.01%
Revenue Next Year46.47%
Revenue Next 2Y30.13%
Revenue Next 3Y23.86%
Revenue Next 5Y22.28%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 30.99, NORBT can be considered very expensive at the moment.
Based on the Price/Earnings ratio, NORBT is valued a bit cheaper than the industry average as 64.81% of the companies are valued more expensively.
NORBT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.50, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.57, which indicates a rather expensive current valuation of 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 (23.93), we can say NORBT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.99 | ||
| Fwd PE | 20.57 |
4.2 Price Multiples
NORBT's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as NORBT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.13 | ||
| EV/EBITDA | 18.84 |
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.
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 35.86% in the coming years.
PEG (NY)0.36
PEG (5Y)1.4
EPS Next 2Y51.17%
EPS Next 3Y35.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.41%, NORBT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.54, NORBT pays a bit more dividend than its industry peers.
NORBT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
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
NORBT pays out 52.71% of its income as dividend. 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.
DP52.71%
EPS Next 2Y51.17%
EPS Next 3Y35.86%
OSL:NORBT (12/23/2025, 4:19:45 PM)
183.8
+2.4 (+1.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners19.65%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap11.75B
Revenue(TTM)1.75B
Net Income(TTM)362.00M
Analysts84
Price Target234.6 (27.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP52.71%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.61%
Min EPS beat(2)-1.48%
Max EPS beat(2)24.7%
EPS beat(4)1
Avg EPS beat(4)-5.15%
Min EPS beat(4)-38.62%
Max EPS beat(4)24.7%
EPS beat(8)3
Avg EPS beat(8)-3.9%
EPS beat(12)6
Avg EPS beat(12)2.4%
EPS beat(16)7
Avg EPS beat(16)-3.75%
Revenue beat(2)0
Avg Revenue beat(2)-4.92%
Min Revenue beat(2)-8.1%
Max Revenue beat(2)-1.75%
Revenue beat(4)0
Avg Revenue beat(4)-6.86%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)-1.75%
Revenue beat(8)1
Avg Revenue beat(8)-4.26%
Revenue beat(12)4
Avg Revenue beat(12)0.08%
Revenue beat(16)7
Avg Revenue beat(16)0.56%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.9%
EPS NY rev (1m)-4.83%
EPS NY rev (3m)0.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.99 | ||
| Fwd PE | 20.57 | ||
| P/S | 5.51 | ||
| P/FCF | 35.13 | ||
| P/OCF | 22.86 | ||
| P/B | 9.84 | ||
| P/tB | 47.66 | ||
| EV/EBITDA | 18.84 |
EPS(TTM)5.93
EY3.23%
EPS(NY)8.94
Fwd EY4.86%
FCF(TTM)5.23
FCFY2.85%
OCF(TTM)8.04
OCFY4.37%
SpS33.37
BVpS18.67
TBVpS3.86
PEG (NY)0.36
PEG (5Y)1.4
Graham Number49.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.01% | ||
| ROE | 30.32% | ||
| ROCE | 28.73% | ||
| ROIC | 21.79% | ||
| ROICexc | 21.79% | ||
| ROICexgc | 47.38% | ||
| OM | 23.62% | ||
| PM (TTM) | 16.96% | ||
| GM | 60.04% | ||
| FCFM | 15.68% |
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 Turnover0.88
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 1.68 | ||
| Debt/EBITDA | 0.82 | ||
| Cap/Depr | 126.93% | ||
| Cap/Sales | 8.42% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.66% | ||
| Profit Quality | 92.43% | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 7.83 |
F-Score6
WACC8.41%
ROIC/WACC2.59
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 Y86.77%
EPS Next 2Y51.17%
EPS Next 3Y35.86%
EPS Next 5Y32.01%
Revenue 1Y (TTM)15.31%
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 1Y103.14%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year122.32%
EBIT Next 3Y41.75%
EBIT Next 5YN/A
FCF growth 1Y216.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y167.12%
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.
What is the valuation status for NORBT stock?
ChartMill assigns a valuation rating of 5 / 10 to NORBIT ASA (NORBT.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for NORBIT ASA?
NORBIT ASA (NORBT.OL) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for NORBT stock?
The Price/Earnings (PE) ratio for NORBIT ASA (NORBT.OL) is 30.99 and the Price/Book (PB) ratio is 9.84.
Is the dividend of NORBIT ASA sustainable?
The dividend rating of NORBIT ASA (NORBT.OL) is 6 / 10 and the dividend payout ratio is 52.71%.