NORCONSULT AS (NORCO.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:NORCO • NO0013052209
44.9 NOK
-0.5 (-1.1%)
Last: Feb 2, 2026, 01:21 PM
Overall NORCO gets a fundamental rating of 5 out of 10. We evaluated NORCO against 42 industry peers in the Construction & Engineering industry. NORCO has only an average score on both its financial health and profitability. NORCO is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- NORCO had positive earnings in the past year.
- NORCO had a positive operating cash flow in the past year.
1.2 Ratios
- The Return On Assets of NORCO (8.51%) is better than 80.95% of its industry peers.
- With a decent Return On Equity value of 24.07%, NORCO is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- NORCO has a better Return On Invested Capital (13.35%) than 73.81% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NORCO is above the industry average of 11.33%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.51% | ||
| ROE | 24.07% | ||
| ROIC | 13.35% |
ROA(3y)7.44%
ROA(5y)N/A
ROE(3y)21.57%
ROE(5y)N/A
ROIC(3y)14.25%
ROIC(5y)N/A
1.3 Margins
- With a decent Profit Margin value of 6.37%, NORCO is doing good in the industry, outperforming 61.90% of the companies in the same industry.
- NORCO's Profit Margin has been stable in the last couple of years.
- With a Operating Margin value of 7.52%, NORCO perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
- NORCO's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.52% | ||
| PM (TTM) | 6.37% | ||
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NORCO is still creating some value.
- Compared to 1 year ago, NORCO has more shares outstanding
- Compared to 1 year ago, NORCO has an improved debt to assets ratio.
2.2 Solvency
- NORCO has an Altman-Z score of 3.71. This indicates that NORCO is financially healthy and has little risk of bankruptcy at the moment.
- NORCO's Altman-Z score of 3.71 is amongst the best of the industry. NORCO outperforms 90.48% of its industry peers.
- The Debt to FCF ratio of NORCO is 2.46, which is a good value as it means it would take NORCO, 2.46 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.46, NORCO is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
- NORCO has a Debt/Equity ratio of 0.69. This is a neutral value indicating NORCO is somewhat dependend on debt financing.
- NORCO has a Debt to Equity ratio of 0.69. This is comparable to the rest of the industry: NORCO outperforms 57.14% of its industry peers.
- Although NORCO 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 | 0.69 | ||
| Debt/FCF | 2.46 | ||
| Altman-Z | 3.71 |
ROIC/WACC1.67
WACC7.97%
2.3 Liquidity
- A Current Ratio of 1.18 indicates that NORCO should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.18, NORCO is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- NORCO has a Quick Ratio of 1.18. This is a normal value and indicates that NORCO is financially healthy and should not expect problems in meeting its short term obligations.
- NORCO's Quick ratio of 1.18 is fine compared to the rest of the industry. NORCO outperforms 73.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
- NORCO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.21%.
- The Earnings Per Share has been growing by 14.47% on average over the past years. This is quite good.
- Looking at the last year, NORCO shows a quite strong growth in Revenue. The Revenue has grown by 8.31% in the last year.
- The Revenue has been growing by 12.09% on average over the past years. This is quite good.
EPS 1Y (TTM)3.21%
EPS 3Y14.47%
EPS 5YN/A
EPS Q2Q%-7.53%
Revenue 1Y (TTM)8.31%
Revenue growth 3Y12.09%
Revenue growth 5YN/A
Sales Q2Q%12.34%
3.2 Future
- Based on estimates for the next years, NORCO will show a small growth in Earnings Per Share. The EPS will grow by 5.83% on average per year.
- Based on estimates for the next years, NORCO will show a quite strong growth in Revenue. The Revenue will grow by 8.29% on average per year.
EPS Next Y-10.46%
EPS Next 2Y2.84%
EPS Next 3Y5.83%
EPS Next 5YN/A
Revenue Next Year7.22%
Revenue Next 2Y9.38%
Revenue Next 3Y8.29%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.89, the valuation of NORCO can be described as rather expensive.
- The rest of the industry has a similar Price/Earnings ratio as NORCO.
- The average S&P500 Price/Earnings ratio is at 28.32. NORCO is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 15.93, the valuation of NORCO can be described as correct.
- Based on the Price/Forward Earnings ratio, NORCO is valued a bit more expensive than the industry average as 69.05% of the companies are valued more cheaply.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, NORCO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.89 | ||
| Fwd PE | 15.93 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NORCO is valued a bit more expensive than 61.90% 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 | 13.83 | ||
| EV/EBITDA | 11.66 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.84%
EPS Next 3Y5.83%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.68%, NORCO has a reasonable but not impressive dividend return.
- NORCO's Dividend Yield is a higher than the industry average which is at 2.49.
- NORCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- NORCO pays out 72.62% of its income as dividend. This is not a sustainable payout ratio.
DP72.62%
EPS Next 2Y2.84%
EPS Next 3Y5.83%
NORCONSULT AS / NORCO.OL FAQ
What is the fundamental rating for NORCO stock?
ChartMill assigns a fundamental rating of 4 / 10 to NORCO.OL.
What is the valuation status for NORCO stock?
ChartMill assigns a valuation rating of 2 / 10 to NORCONSULT AS (NORCO.OL). This can be considered as Overvalued.
How profitable is NORCONSULT AS (NORCO.OL) stock?
NORCONSULT AS (NORCO.OL) has a profitability rating of 3 / 10.
What is the earnings growth outlook for NORCONSULT AS?
The Earnings per Share (EPS) of NORCONSULT AS (NORCO.OL) is expected to decline by -10.46% in the next year.
Can you provide the dividend sustainability for NORCO stock?
The dividend rating of NORCONSULT AS (NORCO.OL) is 4 / 10 and the dividend payout ratio is 72.62%.