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Elkem ASA
Buy, Hold or Sell?

Should you buy, hold or sell Elkem?

I guess you are interested in Elkem ASA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Elkem

Let's start. I'm going to help you getting a better view of Elkem ASA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Elkem ASA even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Elkem ASA is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Elkem ASA. The closing price on 2023-03-21 was kr34.32 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Elkem ASA Daily Candlestick Chart
Elkem ASA Daily Candlestick Chart
Summary









1. Valuation of Elkem




Current price per share

kr34.32

2. Growth of Elkem




Is Elkem growing?

Current yearPrevious yearGrowGrow %
How rich?$2.7b$1.5b$937.5m37.2%

How much money is Elkem making?

Current yearPrevious yearGrowGrow %
Making money$226.5m$109.6m$116.9m51.6%
Net Profit Margin20.9%13.3%--

How much money comes from the company's main activities?

3. Financial Health of Elkem




Comparing to competitors in the Specialty Chemicals industry




  Industry Rankings (Specialty Chemicals)  


Richest
#59 / 588

Most Revenue
#81 / 588

Most Profit
#50 / 588


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Elkem ASA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Elkem earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • A Net Profit Margin of 8.8% means that kr0.09 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Elkem ASA:

  • The MRQ is 8.8%. The company is making a profit. +1
  • The TTM is 20.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ8.8%TTM20.9%-12.1%
TTM20.9%YOY13.3%+7.6%
TTM20.9%5Y10.3%+10.5%
5Y10.3%10Y10.2%+0.2%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%5.6%+3.2%
TTM20.9%6.3%+14.6%
YOY13.3%7.6%+5.7%
5Y10.3%6.7%+3.6%
10Y10.2%6.1%+4.1%
1.1.2. Return on Assets

Shows how efficient Elkem is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • 1.7% Return on Assets means that Elkem generated kr0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Elkem ASA:

  • The MRQ is 1.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.7%TTM4.8%-3.1%
TTM4.8%YOY3.0%+1.8%
TTM4.8%5Y2.3%+2.5%
5Y2.3%10Y2.1%+0.3%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%1.5%+0.2%
TTM4.8%1.7%+3.1%
YOY3.0%1.9%+1.1%
5Y2.3%1.7%+0.6%
10Y2.1%1.8%+0.3%
1.1.3. Return on Equity

Shows how efficient Elkem is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • 3.1% Return on Equity means Elkem generated kr0.03 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Elkem ASA:

  • The MRQ is 3.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 9.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.1%TTM9.2%-6.1%
TTM9.2%YOY6.7%+2.5%
TTM9.2%5Y5.0%+4.2%
5Y5.0%10Y4.7%+0.3%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1%2.8%+0.3%
TTM9.2%3.2%+6.0%
YOY6.7%3.5%+3.2%
5Y5.0%3.1%+1.9%
10Y4.7%3.0%+1.7%

1.2. Operating Efficiency of Elkem ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elkem is operating .

  • Measures how much profit Elkem makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Elkem ASA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM20.7%-20.7%
TTM20.7%YOY17.5%+3.2%
TTM20.7%5Y12.7%+7.9%
5Y12.7%10Y12.2%+0.6%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.3%-7.3%
TTM20.7%8.1%+12.6%
YOY17.5%9.8%+7.7%
5Y12.7%8.6%+4.1%
10Y12.2%7.0%+5.2%
1.2.2. Operating Ratio

Measures how efficient Elkem is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 0.55 means that the operating costs are kr0.55 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Elkem ASA:

  • The MRQ is 0.548. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.907. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.548TTM0.907-0.359
TTM0.907YOY0.830+0.077
TTM0.9075Y0.893+0.014
5Y0.89310Y0.897-0.004
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5481.556-1.008
TTM0.9071.540-0.633
YOY0.8301.437-0.607
5Y0.8931.404-0.511
10Y0.8971.185-0.288

1.3. Liquidity of Elkem ASA.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Elkem is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 2.25 means the company has kr2.25 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Elkem ASA:

  • The MRQ is 2.252. The company is able to pay all its short-term debts. +1
  • The TTM is 2.107. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.252TTM2.107+0.144
TTM2.107YOY1.801+0.307
TTM2.1075Y1.861+0.246
5Y1.86110Y1.634+0.228
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2521.888+0.364
TTM2.1071.895+0.212
YOY1.8011.897-0.096
5Y1.8611.918-0.057
10Y1.6341.734-0.100
1.3.2. Quick Ratio

Measures if Elkem is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • A Quick Ratio of 1.14 means the company can pay off kr1.14 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Elkem ASA:

  • The MRQ is 1.141. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.095. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.141TTM1.095+0.047
TTM1.095YOY0.999+0.096
TTM1.0955Y0.984+0.110
5Y0.98410Y0.864+0.120
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1410.924+0.217
TTM1.0950.945+0.150
YOY0.9990.9990.000
5Y0.9841.012-0.028
10Y0.8640.996-0.132

1.4. Solvency of Elkem ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Elkem assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Elkem to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.46 means that Elkem assets are financed with 45.7% credit (debt) and the remaining percentage (100% - 45.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Elkem ASA:

  • The MRQ is 0.457. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.472. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.457TTM0.472-0.015
TTM0.472YOY0.550-0.078
TTM0.4725Y0.548-0.076
5Y0.54810Y0.477+0.071
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4570.420+0.037
TTM0.4720.425+0.047
YOY0.5500.426+0.124
5Y0.5480.434+0.114
10Y0.4770.442+0.035
1.4.2. Debt to Equity Ratio

Measures if Elkem is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Elkem to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 84.3% means that company has kr0.84 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Elkem ASA:

  • The MRQ is 0.843. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.899. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.843TTM0.899-0.056
TTM0.899YOY1.236-0.337
TTM0.8995Y1.243-0.345
5Y1.24310Y1.077+0.167
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8430.727+0.116
TTM0.8990.743+0.156
YOY1.2360.754+0.482
5Y1.2430.801+0.442
10Y1.0770.852+0.225

2. Market Valuation of Elkem ASA

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Elkem generates.

  • Above 15 is considered overpriced but always compare Elkem to the Specialty Chemicals industry mean.
  • A PE ratio of 25.02 means the investor is paying kr25.02 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Elkem ASA:

  • The EOD is 24.397. Very good. +2
  • The MRQ is 25.023. Very good. +2
  • The TTM is 12.036. Very good. +2
Trends
Current periodCompared to+/- 
EOD24.397MRQ25.023-0.626
MRQ25.023TTM12.036+12.987
TTM12.036YOY23.636-11.600
TTM12.0365Y25.936-13.901
5Y25.93610Y21.614+4.323
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD24.39732.188-7.791
MRQ25.02334.843-9.820
TTM12.03638.164-26.128
YOY23.63644.025-20.389
5Y25.93647.452-21.516
10Y21.61456.026-34.412
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Elkem.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Elkem ASA:

  • The MRQ is 85.256. Seems overpriced? -1
  • The TTM is 26.280. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ85.256TTM26.280+58.976
TTM26.280YOY14.161+12.119
TTM26.2805Y1,528.663-1,502.383
5Y1,528.66310Y1,528.6630.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ85.25640.612+44.644
TTM26.28062.655-36.375
YOY14.16162.952-48.791
5Y1,528.663131.231+1,397.432
10Y1,528.663170.689+1,357.974

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Elkem is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 0.78 means the investor is paying kr0.78 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Elkem ASA:

  • The EOD is 0.762. Very good. +2
  • The MRQ is 0.781. Very good. +2
  • The TTM is 0.843. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.762MRQ0.781-0.020
MRQ0.781TTM0.843-0.062
TTM0.843YOY1.334-0.490
TTM0.8435Y1.222-0.378
5Y1.22210Y1.018+0.204
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD0.7621.963-1.201
MRQ0.7811.983-1.202
TTM0.8432.307-1.464
YOY1.3342.424-1.090
5Y1.2222.434-1.212
10Y1.0182.728-1.710
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Elkem ASA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.6723.448-119%2.848-124%1.598-142%1.878-136%
Book Value Growth--0.9851.098-10%1.121-12%1.067-8%1.067-8%
Book Value Per Share--45.06441.867+8%26.279+71%25.710+75%21.971+105%
Book Value Per Share Growth--0.9851.098-10%1.121-12%1.067-8%1.067-8%
Current Ratio--2.2522.107+7%1.801+25%1.861+21%1.634+38%
Debt To Asset Ratio--0.4570.472-3%0.550-17%0.548-17%0.477-4%
Debt To Equity Ratio--0.8430.899-6%1.236-32%1.243-32%1.077-22%
Dividend Per Share--2.9902.9900%0.151+1881%1.174+155%0.987+203%
Dividend Per Share Growth--1.0005.698-82%1.0000%2.004-50%2.004-50%
Eps--1.4073.761-63%1.818-23%1.465-4%1.284+10%
Eps Growth--0.2930.947-69%2.756-89%1.713-83%1.713-83%
Free Cash Flow Per Share--8.2703.928+111%0.647+1179%1.076+669%0.936+783%
Free Cash Flow Per Share Growth--3.7682.807+34%1.636+130%2.199+71%3.244+16%
Free Cash Flow To Equity Per Share--3.7091.894+96%1.455+155%1.074+245%0.912+307%
Free Cash Flow To Equity Per Share Growth--1.5543.630-57%88.269-98%26.230-94%23.085-93%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1451.767--------
Intrinsic Value_10Y_min--440.456--------
Intrinsic Value_1Y_max--34.544--------
Intrinsic Value_1Y_min--12.538--------
Intrinsic Value_3Y_max--188.334--------
Intrinsic Value_3Y_min--65.263--------
Intrinsic Value_5Y_max--444.052--------
Intrinsic Value_5Y_min--147.823--------
Net Profit Margin--0.0880.209-58%0.133-34%0.103-15%0.102-14%
Operating Margin---0.207-100%0.175-100%0.127-100%0.122-100%
Operating Ratio--0.5480.907-40%0.830-34%0.893-39%0.897-39%
Pb Ratio0.762-3%0.7810.843-7%1.334-41%1.222-36%1.018-23%
Pe Ratio24.397-3%25.02312.036+108%23.636+6%25.936-4%21.614+16%
Peg Ratio--85.25626.280+224%14.161+502%1528.663-94%1528.663-94%
Price Per Share34.320-3%35.20034.900+1%34.065+3%29.474+19%24.562+43%
Price To Total Gains Ratio14.807-3%15.1877.140+113%14.320+6%500.045-97%500.045-97%
Profit Growth--0.2940.947-69%2.757-89%1.713-83%1.834-84%
Quick Ratio--1.1411.095+4%0.999+14%0.984+16%0.864+32%
Return On Assets--0.0170.048-65%0.030-44%0.023-28%0.021-18%
Return On Equity--0.0310.092-66%0.067-53%0.050-37%0.047-33%
Revenue Growth--0.9211.003-8%1.098-16%1.184-22%1.136-19%
Total Gains Per Share--2.3186.437-64%2.999-23%2.771-16%2.865-19%
Total Gains Per Share Growth--0.2891.066-73%29.406-99%17.009-98%17.009-98%
Usd Book Value--2714977200.0002522367300.000+8%1584819000.000+71%1549283220.000+75%1323984154.900+105%
Usd Book Value Change Per Share---0.0640.327-119%0.270-124%0.151-142%0.178-136%
Usd Book Value Per Share--4.2723.969+8%2.491+71%2.437+75%2.083+105%
Usd Dividend Per Share--0.2830.2830%0.014+1881%0.111+155%0.094+203%
Usd Eps--0.1330.357-63%0.172-23%0.139-4%0.122+10%
Usd Free Cash Flow---112077300.000-100%39033900.000-100%39920280.000-100%35657226.700-100%
Usd Free Cash Flow Per Share--0.7840.372+111%0.061+1179%0.102+669%0.089+783%
Usd Free Cash Flow To Equity Per Share--0.3520.180+96%0.138+155%0.102+245%0.086+307%
Usd Price Per Share3.254-3%3.3373.309+1%3.229+3%2.794+19%2.328+43%
Usd Profit--84846000.000226595700.000-63%109683600.000-23%88268280.000-4%77404839.900+10%
Usd Revenue--965158800.0001066950300.000-10%784067100.000+23%713971980.000+35%659922131.300+46%
Usd Total Gains Per Share--0.2200.610-64%0.284-23%0.263-16%0.272-19%
 EOD+3 -2MRQTTM+16 -24YOY+19 -235Y+20 -2210Y+22 -20

3.2. Fundamental Score

Let's check the fundamental score of Elkem ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1524.397
Price to Book Ratio (EOD)Between0-10.762
Net Profit Margin (MRQ)Greater than00.088
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.141
Current Ratio (MRQ)Greater than12.252
Debt to Asset Ratio (MRQ)Less than10.457
Debt to Equity Ratio (MRQ)Less than10.843
Return on Equity (MRQ)Greater than0.150.031
Return on Assets (MRQ)Greater than0.050.017
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Elkem ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5030.938
Ma 20Greater thanMa 5037.447
Ma 50Greater thanMa 10036.834
Ma 100Greater thanMa 20036.045
OpenGreater thanClose34.600
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in NOK. All numbers in thousands.

Summary
Total Assets52,781,000
Total Liabilities24,142,000
Total Stockholder Equity28,639,000
 As reported
Total Liabilities 24,142,000
Total Stockholder Equity+ 28,639,000
Total Assets = 52,781,000

Assets

Total Assets52,781,000
Total Current Assets26,645,000
Long-term Assets26,645,000
Total Current Assets
Net Receivables 4,248,000
Inventory 10,325,000
Other Current Assets 2,817,000
Total Current Assets  (as reported)26,645,000
Total Current Assets  (calculated)17,390,000
+/- 9,255,000
Long-term Assets
Property Plant Equipment 20,299,000
Goodwill 984,000
Intangible Assets 1,385,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)22,668,000
+/- 22,668,000

Liabilities & Shareholders' Equity

Total Current Liabilities11,832,000
Long-term Liabilities-
Total Stockholder Equity28,639,000
Total Current Liabilities
Total Current Liabilities  (as reported)11,832,000
Total Current Liabilities  (calculated)0
+/- 11,832,000
Long-term Liabilities
Long term Debt Total 10,331,000
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)10,331,000
+/- 10,331,000
Total Stockholder Equity
Retained Earnings 22,412,000
Other Stockholders Equity 6,227,000
Total Stockholder Equity (as reported)28,639,000
Total Stockholder Equity (calculated)28,639,000
+/-0
Other
Cash And Equivalents9,255,000
Cash and Short Term Investments 9,255,000
Common Stock Shares Outstanding 634,477
Liabilities and Stockholders Equity 52,781,000



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312015-12-312014-12-31
> Total Assets 
15,453,419
14,476,853
14,813,342
0
0
0
16,347,935
27,725,000
27,969,000
27,102,000
31,130,000
30,868,000
28,867,000
29,447,000
29,003,000
32,731,000
32,373,000
31,713,000
30,888,000
32,561,000
35,129,000
38,477,000
41,850,000
45,051,000
49,732,000
53,771,000
52,781,000
52,781,00053,771,00049,732,00045,051,00041,850,00038,477,00035,129,00032,561,00030,888,00031,713,00032,373,00032,731,00029,003,00029,447,00028,867,00030,868,00031,130,00027,102,00027,969,00027,725,00016,347,93500014,813,34214,476,85315,453,419
   > Total Current Assets 
0
0
0
0
0
0
7,957,717
14,057,000
14,231,000
13,573,000
16,656,000
16,190,000
14,261,000
14,269,000
13,311,000
14,998,000
14,355,000
13,614,000
12,873,000
14,700,000
16,928,000
19,311,000
21,497,000
23,477,000
26,389,000
28,915,000
26,645,000
26,645,00028,915,00026,389,00023,477,00021,497,00019,311,00016,928,00014,700,00012,873,00013,614,00014,355,00014,998,00013,311,00014,269,00014,261,00016,190,00016,656,00013,573,00014,231,00014,057,0007,957,717000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
1,493,279
4,621,000
4,306,000
3,858,000
7,082,000
6,832,000
5,365,000
5,071,000
4,496,000
4,744,000
3,900,000
3,197,000
3,154,000
4,183,000
5,998,000
7,176,000
7,040,000
8,127,000
8,055,000
9,750,000
0
09,750,0008,055,0008,127,0007,040,0007,176,0005,998,0004,183,0003,154,0003,197,0003,900,0004,744,0004,496,0005,071,0005,365,0006,832,0007,082,0003,858,0004,306,0004,621,0001,493,279000000
       Net Receivables 
2,615,589
2,549,044
2,398,891
0
0
0
2,740,125
3,115,000
3,149,000
2,904,000
2,602,000
2,619,000
2,240,000
2,483,000
2,839,000
2,823,000
2,588,000
2,706,000
3,471,000
3,324,000
3,408,000
3,957,000
5,183,000
4,742,000
5,369,000
5,206,000
4,248,000
4,248,0005,206,0005,369,0004,742,0005,183,0003,957,0003,408,0003,324,0003,471,0002,706,0002,588,0002,823,0002,839,0002,483,0002,240,0002,619,0002,602,0002,904,0003,149,0003,115,0002,740,1250002,398,8912,549,0442,615,589
       Other Current Assets 
79,761
85,035
129,152
0
0
0
2,903,431
5,005,000
5,192,000
4,562,000
4,107,000
3,947,000
3,610,000
3,918,000
3,591,000
4,387,000
4,340,000
4,626,000
4,478,000
5,194,000
5,403,000
6,115,000
6,741,000
7,495,000
4,014,000
3,885,000
2,817,000
2,817,0003,885,0004,014,0007,495,0006,741,0006,115,0005,403,0005,194,0004,478,0004,626,0004,340,0004,387,0003,591,0003,918,0003,610,0003,947,0004,107,0004,562,0005,192,0005,005,0002,903,431000129,15285,03579,761
   > Long-term Assets 
0
0
0
0
0
0
8,390,218
13,668,000
13,738,000
13,529,000
14,474,000
14,678,000
14,606,000
15,178,000
15,692,000
17,733,000
18,018,000
18,099,000
18,015,000
17,861,000
18,201,000
19,166,000
20,353,000
21,574,000
23,343,000
24,857,000
0
024,857,00023,343,00021,574,00020,353,00019,166,00018,201,00017,861,00018,015,00018,099,00018,018,00017,733,00015,692,00015,178,00014,606,00014,678,00014,474,00013,529,00013,738,00013,668,0008,390,218000000
       Property Plant Equipment 
5,183,162
5,602,208
5,909,087
0
0
0
6,568,934
11,811,000
11,813,000
11,620,000
12,446,000
12,964,000
12,919,000
13,339,000
13,782,000
15,496,000
15,057,000
15,162,000
15,007,000
14,846,000
14,980,000
15,591,000
16,762,000
17,586,000
18,562,000
19,259,000
20,299,000
20,299,00019,259,00018,562,00017,586,00016,762,00015,591,00014,980,00014,846,00015,007,00015,162,00015,057,00015,496,00013,782,00013,339,00012,919,00012,964,00012,446,00011,620,00011,813,00011,811,0006,568,9340005,909,0875,602,2085,183,162
       Goodwill 
229,470
244,088
342,645
0
0
0
326,323
335,000
332,000
328,000
342,000
338,000
337,000
515,000
466,000
521,000
1,429,000
1,439,000
919,000
909,000
923,000
932,000
941,000
934,000
1,002,000
1,030,000
984,000
984,0001,030,0001,002,000934,000941,000932,000923,000909,000919,0001,439,0001,429,000521,000466,000515,000337,000338,000342,000328,000332,000335,000326,323000342,645244,088229,470
       Long Term Investments 
0
0
0
0
0
0
0
0
158,000
158,000
186,000
136,000
121,000
134,000
190,000
0
0
0
0
0
0
0
0
0
0
0
0
000000000000190,000134,000121,000136,000186,000158,000158,00000000000
       Intangible Assets 
803,553
887,581
1,035,658
0
0
0
719,350
903,000
898,000
889,000
922,000
709,000
699,000
716,000
776,000
882,000
867,000
885,000
1,320,000
1,330,000
1,476,000
1,529,000
1,603,000
1,661,000
1,420,000
1,443,000
1,385,000
1,385,0001,443,0001,420,0001,661,0001,603,0001,529,0001,476,0001,330,0001,320,000885,000867,000882,000776,000716,000699,000709,000922,000889,000898,000903,000719,3500001,035,658887,581803,553
       Long-term Assets Other 
0
0
0
0
0
0
686,027
579,000
602,000
650,000
704,000
609,000
593,000
549,000
602,000
539,000
534,000
492,000
673,000
687,000
733,000
1,022,000
999,000
1,294,000
563,000
632,000
0
0632,000563,0001,294,000999,0001,022,000733,000687,000673,000492,000534,000539,000602,000549,000593,000609,000704,000650,000602,000579,000686,027000000
> Total Liabilities 
9,778,002
8,158,095
7,354,300
0
0
0
8,015,073
17,192,000
15,790,000
14,119,000
17,406,000
16,721,000
16,229,000
16,403,000
16,052,000
19,488,000
19,621,000
18,989,000
18,252,000
19,122,000
19,085,000
20,965,000
21,975,000
22,197,000
23,862,000
24,705,000
24,142,000
24,142,00024,705,00023,862,00022,197,00021,975,00020,965,00019,085,00019,122,00018,252,00018,989,00019,621,00019,488,00016,052,00016,403,00016,229,00016,721,00017,406,00014,119,00015,790,00017,192,0008,015,0730007,354,3008,158,0959,778,002
   > Total Current Liabilities 
7,189,193
3,551,643
2,955,080
0
0
0
4,014,890
9,836,000
9,957,000
8,691,000
8,824,000
7,093,000
6,651,000
6,564,000
6,516,000
8,226,000
8,468,000
7,703,000
9,471,000
9,210,000
9,166,000
9,627,000
12,252,000
12,237,000
12,845,000
13,113,000
11,832,000
11,832,00013,113,00012,845,00012,237,00012,252,0009,627,0009,166,0009,210,0009,471,0007,703,0008,468,0008,226,0006,516,0006,564,0006,651,0007,093,0008,824,0008,691,0009,957,0009,836,0004,014,8900002,955,0803,551,6437,189,193
       Short-term Debt 
0
0
0
0
0
0
661,189
2,567,000
2,747,000
2,367,000
2,052,000
1,188,000
1,219,000
1,161,000
1,263,000
1,255,000
1,609,000
1,314,000
3,293,000
2,690,000
2,334,000
1,965,000
1,972,000
1,761,000
0
0
0
0001,761,0001,972,0001,965,0002,334,0002,690,0003,293,0001,314,0001,609,0001,255,0001,263,0001,161,0001,219,0001,188,0002,052,0002,367,0002,747,0002,567,000661,189000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
2,746,000
2,365,000
2,052,000
2,380,000
2,283,000
2,303,000
2,065,000
2,353,000
2,880,000
2,491,000
4,249,000
2,583,000
2,226,000
1,853,000
1,856,000
1,641,000
3,218,000
3,273,000
0
03,273,0003,218,0001,641,0001,856,0001,853,0002,226,0002,583,0004,249,0002,491,0002,880,0002,353,0002,065,0002,303,0002,283,0002,380,0002,052,0002,365,0002,746,00000000000
       Accounts payable 
1,334,169
1,448,578
1,527,587
0
0
0
1,836,888
5,272,000
5,239,000
4,301,000
4,471,000
4,102,000
3,805,000
3,828,000
3,654,000
4,592,000
4,539,000
4,391,000
4,210,000
4,648,000
4,736,000
4,856,000
6,710,000
6,552,000
4,642,000
4,354,000
0
04,354,0004,642,0006,552,0006,710,0004,856,0004,736,0004,648,0004,210,0004,391,0004,539,0004,592,0003,654,0003,828,0003,805,0004,102,0004,471,0004,301,0005,239,0005,272,0001,836,8880001,527,5871,448,5781,334,169
       Other Current Liabilities 
1,310,216
1,775,084
1,149,523
0
0
0
1,516,813
1,997,000
1,971,000
2,023,000
2,301,000
1,803,000
1,627,000
1,575,000
1,599,000
2,379,000
2,320,000
1,998,000
1,968,000
1,872,000
2,096,000
2,806,000
3,570,000
3,924,000
4,007,000
4,436,000
0
04,436,0004,007,0003,924,0003,570,0002,806,0002,096,0001,872,0001,968,0001,998,0002,320,0002,379,0001,599,0001,575,0001,627,0001,803,0002,301,0002,023,0001,971,0001,997,0001,516,8130001,149,5231,775,0841,310,216
   > Long-term Liabilities 
0
0
0
0
0
0
4,000,183
7,356,000
5,833,000
5,428,000
8,582,000
9,628,000
9,578,000
9,839,000
9,536,000
11,262,000
11,153,000
11,286,000
8,781,000
9,912,000
9,919,000
11,338,000
9,723,000
9,960,000
11,017,000
11,482,000
0
011,482,00011,017,0009,960,0009,723,00011,338,0009,919,0009,912,0008,781,00011,286,00011,153,00011,262,0009,536,0009,839,0009,578,0009,628,0008,582,0005,428,0005,833,0007,356,0004,000,183000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,189,000
8,332,000
8,411,000
9,778,000
8,409,000
8,508,000
9,274,000
9,718,000
10,331,000
10,331,0009,718,0009,274,0008,508,0008,409,0009,778,0008,411,0008,332,0007,189,000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
-661,189
-2,567,000
-2,747,000
-2,367,000
-2,052,000
-819,000
-854,000
-796,000
-855,000
-804,000
-1,066,000
-777,000
-2,630,000
-2,029,000
-1,664,000
-1,177,000
-1,171,000
-969,000
552,000
537,000
0
0537,000552,000-969,000-1,171,000-1,177,000-1,664,000-2,029,000-2,630,000-777,000-1,066,000-804,000-855,000-796,000-854,000-819,000-2,052,000-2,367,000-2,747,000-2,567,000-661,189000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000
18,000
-1,000
-1,000
1,000
183,000
1,000
1,000
-1,000
38,000
-1,000
-1,000
0
0
00-1,000-1,00038,000-1,0001,0001,000183,0001,000-1,000-1,00018,0001,0000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
247,000
0
227,000
0
240,000
0
257,000
0
286,000
0
227,000
0
495,000
0
256,000
0
283,000
0
0
00283,0000256,0000495,0000227,0000286,0000257,0000240,0000227,0000247,00000000000
> Total Stockholder Equity
5,579,544
6,195,539
7,371,489
7,459,042
0
0
8,231,305
10,428,000
12,076,000
12,872,000
13,622,000
14,062,000
12,555,000
12,943,000
12,856,000
13,121,000
12,640,000
12,605,000
12,528,000
13,339,000
15,962,000
17,420,000
19,789,000
22,758,000
25,746,000
29,066,000
28,639,000
28,639,00029,066,00025,746,00022,758,00019,789,00017,420,00015,962,00013,339,00012,528,00012,605,00012,640,00013,121,00012,856,00012,943,00012,555,00014,062,00013,622,00012,872,00012,076,00010,428,0008,231,305007,459,0427,371,4896,195,5395,579,544
   Common Stock
2,010,000
2,010,000
3,088,203
0
0
0
2,918,203
8,096,000
8,096,000
8,097,000
8,102,000
8,107,000
6,602,000
6,610,000
6,616,000
6,623,000
6,281,000
6,288,000
6,296,000
6,338,000
8,110,000
8,084,000
8,097,000
8,107,000
6,217,000
6,219,000
0
06,219,0006,217,0008,107,0008,097,0008,084,0008,110,0006,338,0006,296,0006,288,0006,281,0006,623,0006,616,0006,610,0006,602,0008,107,0008,102,0008,097,0008,096,0008,096,0002,918,2030003,088,2032,010,0002,010,000
   Retained Earnings Total Equity000000000000000000000000000
   Accumulated Other Comprehensive Income 000000-18,694,000-17,964,000-17,896,000-18,419,000-17,991,000-18,431,000-16,358,000-16,233,000-15,698,000-15,770,000-15,438,000-14,842,000-14,854,0000-8,821,898000000
   Capital Surplus 000000000000000000000000000
   Treasury Stock000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
8,821,898
0
14,854,000
14,842,000
15,438,000
15,770,000
15,698,000
16,233,000
16,358,000
18,431,000
17,991,000
18,419,000
17,896,000
17,964,000
18,694,000
8,084,000
1,621,000
8,106,000
6,217,000
6,219,000
6,227,000
6,227,0006,219,0006,217,0008,106,0001,621,0008,084,00018,694,00017,964,00017,896,00018,419,00017,991,00018,431,00016,358,00016,233,00015,698,00015,770,00015,438,00014,842,00014,854,00008,821,898000000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue45,018,000
Cost of Revenue-21,378,000
Gross Profit23,640,00023,640,000
 
Operating Income (+$)
Gross Profit23,640,000
Operating Expense--
Operating Income12,414,00023,640,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative4,918,000
Selling And Marketing Expenses-
Operating Expense-4,918,000
 
Net Interest Income (+$)
Interest Income154,000
Interest Expense-1,226,000
Net Interest Income--1,072,000
 
Pretax Income (+$)
Operating Income12,414,000
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)12,236,00012,414,000
EBIT - interestExpense = -1,226,000
9,562,000
10,788,000
Interest Expense1,226,000
Earnings Before Interest and Taxes (ebit)-13,462,000
Earnings Before Interest and Taxes (ebitda)-
 
After tax Income (+$)
Income Before Tax12,236,000
Tax Provision-2,594,000
Net Income From Continuing Ops-9,642,000
Net Income9,562,000
Net Income Applicable To Common Shares9,561,000
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-0
 

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