NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis
OSL:NORCO - Euronext Oslo - NO0013052209 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to NORCO. NORCO was compared to 40 industry peers in the Construction & Engineering industry. While NORCO has a great health rating, there are worries on its profitability. NORCO is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NORCO was profitable.
NORCO had a positive operating cash flow in the past year.
1.2 Ratios
With a decent Return On Assets value of 6.94%, NORCO is doing good in the industry, outperforming 77.50% of the companies in the same industry.
NORCO's Return On Equity of 19.51% is fine compared to the rest of the industry. NORCO outperforms 65.00% of its industry peers.
NORCO's Return On Invested Capital of 11.90% is fine compared to the rest of the industry. NORCO outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 19.51% | ||
| ROIC | 11.9% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 4.74%, NORCO is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
NORCO's Profit Margin has been stable in the last couple of years.
NORCO's Operating Margin of 5.46% is in line compared to the rest of the industry. NORCO outperforms 52.50% of its industry peers.
NORCO's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.46% | ||
| PM (TTM) | 4.74% | ||
| GM | N/A |
OM growth 3Y-13.94%
OM growth 5YN/A
PM growth 3Y0.99%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NORCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
There is no outstanding debt for NORCO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 3.99 indicates that NORCO is not in any danger for bankruptcy at the moment.
NORCO has a better Altman-Z score (3.99) than 87.50% of its industry peers.
The Debt to FCF ratio of NORCO is 1.15, which is an excellent value as it means it would take NORCO, only 1.15 years of fcf income to pay off all of its debts.
NORCO has a better Debt to FCF ratio (1.15) than 92.50% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that NORCO is not too dependend on debt financing.
The Debt to Equity ratio of NORCO (0.49) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 3.99 |
ROIC/WACC1.43
WACC8.33%
2.3 Liquidity
NORCO has a Current Ratio of 1.29. This is a normal value and indicates that NORCO is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NORCO (1.29) is better than 62.50% of its industry peers.
A Quick Ratio of 1.29 indicates that NORCO should not have too much problems paying its short term obligations.
The Quick ratio of NORCO (1.29) is better than 67.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
NORCO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.01%.
Measured over the past years, NORCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.92% on average per year.
NORCO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.85%.
The Revenue has been growing by 12.09% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.01%
EPS 3Y15.92%
EPS 5YN/A
EPS Q2Q%86.15%
Revenue 1Y (TTM)8.85%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%7.19%
3.2 Future
The Earnings Per Share is expected to grow by 8.58% on average over the next years. This is quite good.
Based on estimates for the next years, NORCO will show a small growth in Revenue. The Revenue will grow by 6.88% on average per year.
EPS Next Y7.11%
EPS Next 2Y7.41%
EPS Next 3Y8.58%
EPS Next 5YN/A
Revenue Next Year8.05%
Revenue Next 2Y7.26%
Revenue Next 3Y6.88%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 25.30, which means the current valuation is very expensive for NORCO.
67.50% of the companies in the same industry are cheaper than NORCO, based on the Price/Earnings ratio.
NORCO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.92, NORCO is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NORCO indicates a slightly more expensive valuation: NORCO is more expensive than 72.50% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NORCO to the average of the S&P500 Index (22.10), we can say NORCO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.3 | ||
| Fwd PE | 16.92 |
4.2 Price Multiples
NORCO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. NORCO is more expensive than 62.50% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as NORCO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.43 | ||
| EV/EBITDA | 11.92 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.56
PEG (5Y)N/A
EPS Next 2Y7.41%
EPS Next 3Y8.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.84%, NORCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.65, NORCO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, NORCO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NORCO pays out 69.43% of its income as dividend. This is not a sustainable payout ratio.
DP69.43%
EPS Next 2Y7.41%
EPS Next 3Y8.58%
OSL:NORCO (3/7/2025, 7:00:00 PM)
42
-0.2 (-0.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners24.74%
Inst Owner ChangeN/A
Ins Owners2.04%
Ins Owner ChangeN/A
Market Cap13.04B
Analysts78.46
Price Target51.71 (23.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP69.43%
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)2
Avg Revenue beat(2)9.29%
Min Revenue beat(2)7.51%
Max Revenue beat(2)11.08%
Revenue beat(4)4
Avg Revenue beat(4)7.12%
Min Revenue beat(4)1.9%
Max Revenue beat(4)11.08%
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)6.74%
PT rev (3m)9.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.82%
EPS NY rev (3m)1.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.3 | ||
| Fwd PE | 16.92 | ||
| P/S | 1.25 | ||
| P/FCF | 9.43 | ||
| P/OCF | 8.71 | ||
| P/B | 5.15 | ||
| P/tB | 9.7 | ||
| EV/EBITDA | 11.92 |
EPS(TTM)1.66
EY3.95%
EPS(NY)2.48
Fwd EY5.91%
FCF(TTM)4.45
FCFY10.61%
OCF(TTM)4.82
OCFY11.48%
SpS33.54
BVpS8.15
TBVpS4.33
PEG (NY)3.56
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 19.51% | ||
| ROCE | 14.48% | ||
| ROIC | 11.9% | ||
| ROICexc | 20.18% | ||
| ROICexgc | 41.39% | ||
| OM | 5.46% | ||
| PM (TTM) | 4.74% | ||
| GM | N/A | ||
| FCFM | 13.28% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-13.94%
OM growth 5YN/A
PM growth 3Y0.99%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 1.15 | ||
| Debt/EBITDA | 1.16 | ||
| Cap/Depr | 23.31% | ||
| Cap/Sales | 1.09% | ||
| Interest Coverage | 11.61 | ||
| Cash Conversion | 141.49% | ||
| Profit Quality | 279.96% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.99 |
F-Score5
WACC8.33%
ROIC/WACC1.43
Cap/Depr(3y)22.21%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.06%
Cap/Sales(5y)N/A
Profit Quality(3y)208.74%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.01%
EPS 3Y15.92%
EPS 5YN/A
EPS Q2Q%86.15%
EPS Next Y7.11%
EPS Next 2Y7.41%
EPS Next 3Y8.58%
EPS Next 5YN/A
Revenue 1Y (TTM)8.85%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%7.19%
Revenue Next Year8.05%
Revenue Next 2Y7.26%
Revenue Next 3Y6.88%
Revenue Next 5YN/A
EBIT growth 1Y-15.45%
EBIT growth 3Y-3.54%
EBIT growth 5YN/A
EBIT Next Year86.21%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y64.84%
FCF growth 3Y17.62%
FCF growth 5YN/A
OCF growth 1Y62.36%
OCF growth 3Y17.66%
OCF growth 5YN/A