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NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis

OSL:NORCO - Oslo Bors ASA - NO0013052209 - Common Stock - Currency: NOK

43.3  -0.7 (-1.59%)

Fundamental Rating

4

Overall NORCO gets a fundamental rating of 4 out of 10. We evaluated NORCO against 39 industry peers in the Construction & Engineering industry. NORCO has a great financial health rating, but its profitability evaluates not so good. NORCO has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year NORCO was profitable.
NORCO had a positive operating cash flow in the past year.
NORCO.OL Yearly Net Income VS EBIT VS OCF VS FCFNORCO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 200M 400M 600M 800M

1.2 Ratios

NORCO's Return On Assets of 5.70% is fine compared to the rest of the industry. NORCO outperforms 76.32% of its industry peers.
NORCO has a Return On Equity of 15.71%. This is comparable to the rest of the industry: NORCO outperforms 55.26% of its industry peers.
With a decent Return On Invested Capital value of 10.02%, NORCO is doing good in the industry, outperforming 65.79% of the companies in the same industry.
NORCO had an Average Return On Invested Capital over the past 3 years of 13.95%. This is above the industry average of 11.05%.
Industry RankSector Rank
ROA 5.7%
ROE 15.71%
ROIC 10.02%
ROA(3y)7.04%
ROA(5y)N/A
ROE(3y)20.51%
ROE(5y)N/A
ROIC(3y)13.95%
ROIC(5y)N/A
NORCO.OL Yearly ROA, ROE, ROICNORCO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 5 10 15 20

1.3 Margins

NORCO has a Profit Margin (3.58%) which is comparable to the rest of the industry.
NORCO has a Operating Margin of 4.78%. This is comparable to the rest of the industry: NORCO outperforms 47.37% of its industry peers.
Industry RankSector Rank
OM 4.78%
PM (TTM) 3.58%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NORCO.OL Yearly Profit, Operating, Gross MarginsNORCO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2 4 6 8

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NORCO is creating value.
NORCO has less shares outstanding than it did 1 year ago.
NORCO has a worse debt/assets ratio than last year.
NORCO.OL Yearly Shares OutstandingNORCO.OL Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 100M 200M 300M
NORCO.OL Yearly Total Debt VS Total AssetsNORCO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2B 4B 6B

2.2 Solvency

NORCO has an Altman-Z score of 4.37. This indicates that NORCO is financially healthy and has little risk of bankruptcy at the moment.
NORCO has a better Altman-Z score (4.37) than 97.37% of its industry peers.
The Debt to FCF ratio of NORCO is 1.68, which is an excellent value as it means it would take NORCO, only 1.68 years of fcf income to pay off all of its debts.
NORCO's Debt to FCF ratio of 1.68 is amongst the best of the industry. NORCO outperforms 84.21% of its industry peers.
A Debt/Equity ratio of 0.54 indicates that NORCO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.54, NORCO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for NORCO, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 1.68
Altman-Z 4.37
ROIC/WACC1.32
WACC7.6%
NORCO.OL Yearly LT Debt VS Equity VS FCFNORCO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

NORCO has a Current Ratio of 1.25. This is a normal value and indicates that NORCO is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.25, NORCO is in the better half of the industry, outperforming 65.79% of the companies in the same industry.
A Quick Ratio of 1.25 indicates that NORCO should not have too much problems paying its short term obligations.
NORCO's Quick ratio of 1.25 is fine compared to the rest of the industry. NORCO outperforms 71.05% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 1.25
NORCO.OL Yearly Current Assets VS Current LiabilitesNORCO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 1B 2B 3B

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2

3. Growth

3.1 Past

NORCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.42%.
NORCO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.21%.
EPS 1Y (TTM)-16.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-34.88%
Revenue 1Y (TTM)10.21%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.73%

3.2 Future

The Earnings Per Share is expected to grow by 10.35% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.67% on average over the next years.
EPS Next Y14.62%
EPS Next 2Y11.63%
EPS Next 3Y10.35%
EPS Next 5YN/A
Revenue Next Year8.3%
Revenue Next 2Y7.3%
Revenue Next 3Y6.67%
Revenue Next 5YN/A

3.3 Evolution

NORCO.OL Yearly Revenue VS EstimatesNORCO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2B 4B 6B 8B 10B
NORCO.OL Yearly EPS VS EstimatesNORCO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 17.82 indicates a rather expensive valuation of NORCO.
NORCO's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.47, NORCO is valued a bit cheaper.
A Price/Forward Earnings ratio of 17.30 indicates a rather expensive valuation of NORCO.
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 71.05% of the companies listed in the same industry.
NORCO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
Industry RankSector Rank
PE 17.82
Fwd PE 17.3
NORCO.OL Price Earnings VS Forward Price EarningsNORCO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NORCO is valued a bit more expensive than the industry average as 68.42% of the companies are valued more cheaply.
NORCO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 13.9
EV/EBITDA 14.49
NORCO.OL Per share dataNORCO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.22
PEG (5Y)N/A
EPS Next 2Y11.63%
EPS Next 3Y10.35%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.78%, NORCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.72, NORCO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, NORCO pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.78%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

331.15% of the earnings are spent on dividend by NORCO. This is not a sustainable payout ratio.
DP331.15%
EPS Next 2Y11.63%
EPS Next 3Y10.35%
NORCO.OL Yearly Income VS Free CF VS DividendNORCO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 200M 400M 600M 800M
NORCO.OL Dividend Payout.NORCO.OL Dividend Payout, showing the Payout Ratio.NORCO.OL Dividend Payout.PayoutRetained Earnings

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NORCONSULT AS

OSL:NORCO (2/5/2025, 10:12:31 AM)

43.3

-0.7 (-1.59%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)N/A N/A
Inst Owners23.62%
Inst Owner ChangeN/A
Ins Owners2.04%
Ins Owner ChangeN/A
Market Cap13.44B
Analysts84.62
Price Target48.45 (11.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP331.15%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.97%
Min EPS beat(2)25.77%
Max EPS beat(2)52.17%
EPS beat(4)4
Avg EPS beat(4)39.03%
Min EPS beat(4)13.65%
Max EPS beat(4)64.51%
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)9.54%
Min Revenue beat(2)8.01%
Max Revenue beat(2)11.08%
Revenue beat(4)4
Avg Revenue beat(4)7.93%
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)2.15%
PT rev (3m)9.2%
EPS NQ rev (1m)2.66%
EPS NQ rev (3m)29.97%
EPS NY rev (1m)4.32%
EPS NY rev (3m)4.32%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)2.29%
Revenue NY rev (1m)2.26%
Revenue NY rev (3m)2.26%
Valuation
Industry RankSector Rank
PE 17.82
Fwd PE 17.3
P/S 1.32
P/FCF 13.9
P/OCF 12.8
P/B 5.77
P/tB 11.77
EV/EBITDA 14.49
EPS(TTM)2.43
EY5.61%
EPS(NY)2.5
Fwd EY5.78%
FCF(TTM)3.11
FCFY7.19%
OCF(TTM)3.38
OCFY7.81%
SpS32.92
BVpS7.5
TBVpS3.68
PEG (NY)1.22
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.7%
ROE 15.71%
ROCE 13.3%
ROIC 10.02%
ROICexc 12.88%
ROICexgc 22.02%
OM 4.78%
PM (TTM) 3.58%
GM N/A
FCFM 9.46%
ROA(3y)7.04%
ROA(5y)N/A
ROE(3y)20.51%
ROE(5y)N/A
ROIC(3y)13.95%
ROIC(5y)N/A
ROICexc(3y)21.23%
ROICexc(5y)N/A
ROICexgc(3y)36.67%
ROICexgc(5y)N/A
ROCE(3y)18.51%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.59
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 1.68
Debt/EBITDA 1.29
Cap/Depr 17.26%
Cap/Sales 0.81%
Interest Coverage 10.4
Cash Conversion 108.25%
Profit Quality 264.21%
Current Ratio 1.25
Quick Ratio 1.25
Altman-Z 4.37
F-Score4
WACC7.6%
ROIC/WACC1.32
Cap/Depr(3y)20.85%
Cap/Depr(5y)N/A
Cap/Sales(3y)1%
Cap/Sales(5y)N/A
Profit Quality(3y)198.65%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-34.88%
EPS Next Y14.62%
EPS Next 2Y11.63%
EPS Next 3Y10.35%
EPS Next 5YN/A
Revenue 1Y (TTM)10.21%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.73%
Revenue Next Year8.3%
Revenue Next 2Y7.3%
Revenue Next 3Y6.67%
Revenue Next 5YN/A
EBIT growth 1Y-27.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year63.02%
EBIT Next 3Y24.39%
EBIT Next 5YN/A
FCF growth 1Y0%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2.02%
OCF growth 3YN/A
OCF growth 5YN/A