NORBIT ASA (NORBT.OL) Stock Fundamental Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
NORBT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 48 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 not priced too expensively while it is growing strongly. 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.
In the past year NORBT had a positive cash flow from operations.
NORBT had positive earnings in each of the past 5 years.
In the past 5 years NORBT always reported a positive cash flow from operatings.
1.2 Ratios
NORBT has a better Return On Assets (11.13%) than 95.83% of its industry peers.
With an excellent Return On Equity value of 21.02%, NORBT belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
NORBT's Return On Invested Capital of 15.32% is amongst the best of the industry. NORBT outperforms 93.75% of its industry peers.
NORBT had an Average Return On Invested Capital over the past 3 years of 17.33%. This is significantly above the industry average of 7.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.13% | ||
| ROE | 21.02% | ||
| ROIC | 15.32% |
ROA(3y)10.75%
ROA(5y)8.24%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
1.3 Margins
The Profit Margin of NORBT (13.89%) is better than 97.92% of its industry peers.
NORBT's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 19.70%, NORBT belongs to the best of the industry, outperforming 95.83% 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 59.76%, NORBT is in the better half of the industry, outperforming 77.08% of the companies in the same industry.
In the last couple of years the Gross Margin of NORBT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.7% | ||
| PM (TTM) | 13.89% | ||
| GM | 59.76% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
The debt/assets ratio for NORBT is higher compared to a year ago.
2.2 Solvency
NORBT has an Altman-Z score of 7.05. This indicates that NORBT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of NORBT (7.05) is better than 91.67% of its industry peers.
The Debt to FCF ratio of NORBT is 1.89, which is an excellent value as it means it would take NORBT, only 1.89 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.89, NORBT belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
A Debt/Equity ratio of 0.45 indicates that NORBT is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.45, NORBT perfoms like the industry average, outperforming 47.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.89 | ||
| Altman-Z | 7.05 |
ROIC/WACC1.82
WACC8.44%
2.3 Liquidity
A Current Ratio of 2.03 indicates that NORBT has no problem at all paying its short term obligations.
The Current ratio of NORBT (2.03) is better than 64.58% of its industry peers.
A Quick Ratio of 1.12 indicates that NORBT should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.12, NORBT perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
NORBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.72%, which is quite impressive.
The Earnings Per Share has been growing by 22.16% on average over the past years. This is a very strong growth
The Revenue has grown by 15.30% in the past year. This is quite good.
The Revenue has been growing by 21.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)25.72%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%133.8%
Revenue 1Y (TTM)15.3%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%40.43%
3.2 Future
NORBT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.79% yearly.
Based on estimates for the next years, NORBT will show a quite strong growth in Revenue. The Revenue will grow by 15.68% on average per year.
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y23.79%
Revenue Next Year27.76%
Revenue Next 2Y20.43%
Revenue Next 3Y17.89%
Revenue Next 5Y15.68%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 34.63, the valuation of NORBT can be described as expensive.
NORBT's Price/Earnings is on the same level as the industry average.
NORBT is valuated rather expensively when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 22.30, which indicates a rather expensive current valuation of NORBT.
60.42% of the companies in the same industry are more expensive than NORBT, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, NORBT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 22.3 |
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 | 30.15 | ||
| EV/EBITDA | 19.12 |
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)0.63
PEG (5Y)1.56
EPS Next 2Y35.5%
EPS Next 3Y28.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.17%, NORBT has a reasonable but not impressive dividend return.
NORBT's Dividend Yield is a higher than the industry average which is at 3.16.
NORBT's Dividend Yield is comparable with the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
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 62.84% of its income as dividend. This is not a sustainable payout ratio.
NORBT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.84%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
OSL:NORBT (4/25/2025, 7:00:00 PM)
135.4
-2.6 (-1.88%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners18.24%
Inst Owner ChangeN/A
Ins Owners2.28%
Ins Owner ChangeN/A
Market Cap8.63B
Analysts84
Price Target153 (13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP62.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.91%
Min EPS beat(2)-38.62%
Max EPS beat(2)-5.2%
EPS beat(4)1
Avg EPS beat(4)-7.08%
Min EPS beat(4)-38.62%
Max EPS beat(4)50.33%
EPS beat(8)4
Avg EPS beat(8)1.57%
EPS beat(12)6
Avg EPS beat(12)2.09%
EPS beat(16)7
Avg EPS beat(16)-2.59%
Revenue beat(2)0
Avg Revenue beat(2)-8.8%
Min Revenue beat(2)-15.14%
Max Revenue beat(2)-2.46%
Revenue beat(4)1
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)1.42%
Revenue beat(8)3
Avg Revenue beat(8)0%
Revenue beat(12)6
Avg Revenue beat(12)1.75%
Revenue beat(16)8
Avg Revenue beat(16)0.91%
PT rev (1m)0%
PT rev (3m)17.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)42.86%
EPS NY rev (1m)3.06%
EPS NY rev (3m)2.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 22.3 | ||
| P/S | 4.93 | ||
| P/FCF | 30.15 | ||
| P/OCF | 20.03 | ||
| P/B | 7.46 | ||
| P/tB | 35.82 | ||
| EV/EBITDA | 19.12 |
EPS(TTM)3.91
EY2.89%
EPS(NY)6.07
Fwd EY4.48%
FCF(TTM)4.49
FCFY3.32%
OCF(TTM)6.76
OCFY4.99%
SpS27.47
BVpS18.15
TBVpS3.78
PEG (NY)0.63
PEG (5Y)1.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.13% | ||
| ROE | 21.02% | ||
| ROCE | 20.19% | ||
| ROIC | 15.32% | ||
| ROICexc | 17.27% | ||
| ROICexgc | 43.7% | ||
| OM | 19.7% | ||
| PM (TTM) | 13.89% | ||
| GM | 59.76% | ||
| FCFM | 16.35% |
ROA(3y)10.75%
ROA(5y)8.24%
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)38.4%
ROICexgc(5y)28.67%
ROCE(3y)22.85%
ROCE(5y)17.76%
ROICexcg growth 3Y38.94%
ROICexcg growth 5Y14.4%
ROICexc growth 3Y27.69%
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-Score5
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.89 | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 109.3% | ||
| Cap/Sales | 8.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | 117.67% | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 7.05 |
F-Score5
WACC8.44%
ROIC/WACC1.82
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)25.72%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%133.8%
EPS Next Y55.29%
EPS Next 2Y35.5%
EPS Next 3Y28.16%
EPS Next 5Y23.79%
Revenue 1Y (TTM)15.3%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%40.43%
Revenue Next Year27.76%
Revenue Next 2Y20.43%
Revenue Next 3Y17.89%
Revenue Next 5Y15.68%
EBIT growth 1Y21.44%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year93.77%
EBIT Next 3Y34.13%
EBIT Next 5YN/A
FCF growth 1Y19.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.61%
OCF growth 3Y108.27%
OCF growth 5Y59.9%