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Orkla ASA
Buy, Hold or Sell?

Let's analyse Orkla together

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

I'm going to help you getting a better view of Orkla 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Orkla (30 sec.)










What can you expect buying and holding a share of Orkla? (30 sec.)

How much money do you get?

How much money do you get?
kr0.84
When do you have the money?
1 year
How often do you get paid?
95.0%

What is your share worth?

Current worth
kr44.59
Expected worth in 1 year
kr48.21
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
kr12.70
Return On Investment
16.6%

For what price can you sell your share?

Current Price per Share
kr76.54
Expected price per share
kr74.80 - kr83.90
How sure are you?
50%

1. Valuation of Orkla (5 min.)




Live pricePrice per Share (EOD)

kr76.54

Intrinsic Value Per Share

kr49.47 - kr82.83

Total Value Per Share

kr94.06 - kr127.42

2. Growth of Orkla (5 min.)




Is Orkla growing?

Current yearPrevious yearGrowGrow %
How rich?$4.1b$3.6b$346.7m8.6%

How much money is Orkla making?

Current yearPrevious yearGrowGrow %
Making money$123.9m$119.8m$4.1m3.3%
Net Profit Margin8.1%9.2%--

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

3. Financial Health of Orkla (5 min.)




4. Comparing to competitors in the Packaged Foods industry (5 min.)




  Industry Rankings (Packaged Foods)  


Richest
#36 / 496

Most Revenue
#76 / 496

Most Profit
#53 / 496

Most Efficient
#104 / 496

What can you expect buying and holding a share of Orkla? (5 min.)

Welcome investor! Orkla's management wants to use your money to grow the business. In return you get a share of Orkla.

What can you expect buying and holding a share of Orkla?

First you should know what it really means to hold a share of Orkla. And how you can make/lose money.

Speculation

The Price per Share of Orkla is kr76.54. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Orkla.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Orkla, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr44.59. Based on the TTM, the Book Value Change Per Share is kr0.90 per quarter. Based on the YOY, the Book Value Change Per Share is kr0.68 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr2.27 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Orkla.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.140.2%0.130.2%0.120.2%0.110.1%0.100.1%
Usd Book Value Change Per Share0.070.1%0.080.1%0.060.1%0.060.1%0.040.1%
Usd Dividend Per Share0.010.0%0.210.3%0.140.2%0.130.2%0.170.2%
Usd Total Gains Per Share0.080.1%0.290.4%0.200.3%0.190.2%0.210.3%
Usd Price Per Share7.41-7.00-7.52-7.48-6.94-
Price to Earnings Ratio12.86-13.92-15.84-18.13-13.86-
Price-to-Total Gains Ratio88.95-40.71-65.28--26.73--44.36-
Price to Book Ratio1.79-1.73-2.03-2.12-2.13-
Price-to-Total Gains Ratio88.95-40.71-65.28--26.73--44.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.087604
Number of shares141
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.210.13
Usd Book Value Change Per Share0.080.06
Usd Total Gains Per Share0.290.19
Gains per Quarter (141 shares)41.4726.77
Gains per Year (141 shares)165.86107.09
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111947156753297
22379432215064204
335614248822597311
4475189654299129418
5593236820374161525
6712283986449193632
78313301152524226739
89493771318599258846
910684251484674290953
10118747216507493221060

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.01.00.097.5%71.07.02.088.8%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%29.011.00.072.5%49.031.00.061.3%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.00.02.095.0%71.00.09.088.8%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%37.03.00.092.5%64.016.00.080.0%

Fundamentals of Orkla

About Orkla ASA

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations. It also provides confectionery, biscuit, and snack products; and develops bran and crispbread products, as well as energy snack meals. In addition, the company offers personal care and cleaning products; dietary supplement, sport nutrition, and weight control products; wound care products and first aid equipment; painting tools; basic and wool garments for men, women, and children; and professional cleaning products. Further, it operates Gymgrossisten, Proteinfabrikken, Bodystore, and Fitnessmarket e-commerce portals for health and sports nutrition products; and restaurants. Additionally, the company supplies margarine and butter blends, bread and cake improvers and mixes, yeast, marzipan, and ice cream ingredients; produces and supplies hydro power to the Nordic power market; and develops and sells real estate properties. It offers its food products under the Grandiosa, TORO, Stabburet, Felix, Paulúns, NATURLI', Abba, Beauvais, Den Gamle Fabrik, Spilva, and Vitana brands; confectionery and snacks under the KiMs, Nidar, Stratos, Sætre, Göteborgs Kex, OLW, Panda, Laima, Selga, Taffel, Kalev, and Nói Síríus brands; health and sports nutrition under e Zalo, Jif, Bliw, Grumme, Blenda, Define, Möller's, Collett, Nutrilett, Maxim, Norgesplaster, and Salvequick brands; and food ingredients under the Odense, Mors Hjemmebakte, KronJäst, Bakkedal, and NATURLI brands. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. The company was founded in 1918 and is headquartered in Oslo, Norway.

Fundamental data was last updated by Penke on 2024-03-12 04:57:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not 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.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Orkla ASA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Orkla to the Packaged Foods industry mean.
  • A Net Profit Margin of 9.2% 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 Orkla ASA:

  • The MRQ is 9.2%. The company is making a profit. +1
  • The TTM is 8.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.2%TTM8.1%+1.2%
TTM8.1%YOY9.2%-1.1%
TTM8.1%5Y8.8%-0.7%
5Y8.8%10Y10.0%-1.1%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ9.2%3.2%+6.0%
TTM8.1%2.8%+5.3%
YOY9.2%3.0%+6.2%
5Y8.8%3.2%+5.6%
10Y10.0%3.6%+6.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Orkla to the Packaged Foods industry mean.
  • 1.8% Return on Assets means that Orkla generated kr0.02 profit for each $1 in assets.

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

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.6%+0.2%
TTM1.6%YOY1.7%-0.2%
TTM1.6%5Y1.7%-0.1%
5Y1.7%10Y1.8%-0.1%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%1.2%+0.6%
TTM1.6%1.1%+0.5%
YOY1.7%1.0%+0.7%
5Y1.7%1.2%+0.5%
10Y1.8%1.2%+0.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Orkla to the Packaged Foods industry mean.
  • 3.5% Return on Equity means Orkla generated kr0.03 for each kr1 the owners (shareholders) invested.

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

  • The MRQ is 3.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.1%+0.4%
TTM3.1%YOY3.3%-0.2%
TTM3.1%5Y3.0%+0.0%
5Y3.0%10Y3.1%0.0%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%2.6%+0.9%
TTM3.1%2.2%+0.9%
YOY3.3%2.2%+1.1%
5Y3.0%2.4%+0.6%
10Y3.1%2.5%+0.6%

1.2. Operating Efficiency of Orkla ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Orkla is operating .

  • Measures how much profit Orkla 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 Orkla to the Packaged Foods industry mean.
  • An Operating Margin of 11.5% means the company generated kr0.11  for each kr1 in revenue (before taxes).

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

  • The MRQ is 11.5%. The company is operating less efficient.
  • The TTM is 10.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.5%TTM10.7%+0.8%
TTM10.7%YOY13.1%-2.4%
TTM10.7%5Y11.8%-1.1%
5Y11.8%10Y13.0%-1.2%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ11.5%5.3%+6.2%
TTM10.7%3.3%+7.4%
YOY13.1%4.8%+8.3%
5Y11.8%5.2%+6.6%
10Y13.0%4.9%+8.1%
1.2.2. Operating Ratio

Measures how efficient Orkla is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • An Operation Ratio of 0.89 means that the operating costs are kr0.89 for each kr1 in net sales.

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

  • The MRQ is 0.886. The company is less efficient in keeping operating costs low.
  • The TTM is 0.893. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.886TTM0.893-0.007
TTM0.893YOY0.422+0.471
TTM0.8935Y0.665+0.227
5Y0.66510Y0.969-0.304
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8861.524-0.638
TTM0.8931.505-0.612
YOY0.4221.460-1.038
5Y0.6651.404-0.739
10Y0.9691.226-0.257

1.3. Liquidity of Orkla ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
  • A Current Ratio of 1.12 means the company has kr1.12 in assets for each kr1 in short-term debts.

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

  • The MRQ is 1.123. The company is just able to pay all its short-term debts.
  • The TTM is 1.159. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.123TTM1.159-0.036
TTM1.159YOY1.143+0.016
TTM1.1595Y1.291-0.131
5Y1.29110Y1.534-0.244
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1231.554-0.431
TTM1.1591.595-0.436
YOY1.1431.610-0.467
5Y1.2911.655-0.364
10Y1.5341.583-0.049
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Orkla to the Packaged Foods industry mean.
  • A Quick Ratio of 0.64 means the company can pay off kr0.64 for each kr1 in debt (using most liquid assets).

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

  • The MRQ is 0.642. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.603. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.642TTM0.603+0.039
TTM0.603YOY0.615-0.012
TTM0.6035Y0.701-0.098
5Y0.70110Y0.916-0.215
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6420.565+0.077
TTM0.6030.581+0.022
YOY0.6150.644-0.029
5Y0.7010.708-0.007
10Y0.9160.717+0.199

1.4. Solvency of Orkla ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Orkla to Packaged Foods industry mean.
  • A Debt to Asset Ratio of 0.48 means that Orkla assets are financed with 48.5% credit (debt) and the remaining percentage (100% - 48.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.485. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.491. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.485TTM0.491-0.006
TTM0.491YOY0.464+0.026
TTM0.4915Y0.435+0.056
5Y0.43510Y0.411+0.025
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4850.488-0.003
TTM0.4910.490+0.001
YOY0.4640.481-0.017
5Y0.4350.487-0.052
10Y0.4110.491-0.080
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Orkla to the Packaged Foods industry mean.
  • A Debt to Equity ratio of 94.2% means that company has kr0.94 debt for each kr1 in shareholders equity.

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

  • The MRQ is 0.942. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.965. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.942TTM0.965-0.023
TTM0.965YOY0.885+0.080
TTM0.9655Y0.791+0.174
5Y0.79110Y0.715+0.076
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9420.961-0.019
TTM0.9650.984-0.019
YOY0.8850.936-0.051
5Y0.7910.995-0.204
10Y0.7151.060-0.345

2. Market Valuation of Orkla ASA

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Orkla to the Packaged Foods industry mean.
  • A PE ratio of 12.86 means the investor is paying kr12.86 for every kr1 in earnings.

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

  • The EOD is 12.308. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.861. Based on the earnings, the company is underpriced. +1
  • The TTM is 13.920. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD12.308MRQ12.861-0.553
MRQ12.861TTM13.920-1.059
TTM13.920YOY15.835-1.915
TTM13.9205Y18.127-4.207
5Y18.12710Y13.864+4.263
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD12.30813.175-0.867
MRQ12.86112.324+0.537
TTM13.92013.017+0.903
YOY15.83511.502+4.333
5Y18.12716.260+1.867
10Y13.86419.312-5.448
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Orkla ASA:

  • The EOD is 7.994. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.353. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 374.492. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD7.994MRQ8.353-0.359
MRQ8.353TTM374.492-366.139
TTM374.492YOY1,620.236-1,245.744
TTM374.4925Y401.526-27.033
5Y401.52610Y187.246+214.280
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD7.9944.748+3.246
MRQ8.3534.039+4.314
TTM374.4921.787+372.705
YOY1,620.236-0.075+1,620.311
5Y401.5261.465+400.061
10Y187.2461.630+185.616
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • A PB ratio of 1.79 means the investor is paying kr1.79 for each kr1 in book value.

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

  • The EOD is 1.716. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.794. Based on the equity, the company is underpriced. +1
  • The TTM is 1.725. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.716MRQ1.794-0.077
MRQ1.794TTM1.725+0.068
TTM1.725YOY2.028-0.303
TTM1.7255Y2.122-0.397
5Y2.12210Y2.130-0.008
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD1.7161.431+0.285
MRQ1.7941.486+0.308
TTM1.7251.433+0.292
YOY2.0281.776+0.252
5Y2.1221.856+0.266
10Y2.1302.407-0.277
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Orkla 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--0.7890.903-13%0.682+16%0.617+28%0.430+83%
Book Value Per Share--44.59243.799+2%40.046+11%38.376+16%35.269+26%
Current Ratio--1.1231.159-3%1.143-2%1.291-13%1.534-27%
Debt To Asset Ratio--0.4850.491-1%0.464+4%0.435+11%0.411+18%
Debt To Equity Ratio--0.9420.965-2%0.885+6%0.791+19%0.715+32%
Dividend Per Share--0.1102.272-95%1.497-93%1.433-92%1.862-94%
Eps--1.5551.366+14%1.297+20%1.156+35%1.086+43%
Free Cash Flow Per Share--2.3941.020+135%0.633+278%0.924+159%0.817+193%
Free Cash Flow To Equity Per Share---0.0210.424-105%0.170-112%0.433-105%-0.069+228%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--82.827--------
Intrinsic Value_10Y_min--49.467--------
Intrinsic Value_1Y_max--4.075--------
Intrinsic Value_1Y_min--3.578--------
Intrinsic Value_3Y_max--15.463--------
Intrinsic Value_3Y_min--12.009--------
Intrinsic Value_5Y_max--30.733--------
Intrinsic Value_5Y_min--21.754--------
Market Cap76356686087.680-4%79788458297.40075389014664.700+6%80965621150.720-1%80641392483.610-1%75483657684.484+6%
Net Profit Margin--0.0920.081+14%0.092+1%0.088+5%0.100-7%
Operating Margin--0.1150.107+7%0.131-13%0.118-3%0.130-12%
Operating Ratio--0.8860.893-1%0.422+110%0.665+33%0.969-9%
Pb Ratio1.716-4%1.7941.725+4%2.028-12%2.122-15%2.130-16%
Pe Ratio12.308-4%12.86113.920-8%15.835-19%18.127-29%13.864-7%
Price Per Share76.540-4%79.98075.570+6%81.160-1%80.751-1%74.939+7%
Price To Free Cash Flow Ratio7.994-4%8.353374.492-98%1620.236-99%401.526-98%187.246-96%
Price To Total Gains Ratio85.125-4%88.95040.714+118%65.278+36%-26.734+130%-44.365+150%
Quick Ratio--0.6420.603+6%0.615+4%0.701-8%0.916-30%
Return On Assets--0.0180.016+15%0.017+4%0.017+7%0.018+1%
Return On Equity--0.0350.031+14%0.033+6%0.030+15%0.031+14%
Total Gains Per Share--0.8993.176-72%2.179-59%2.050-56%2.293-61%
Usd Book Value--4119311000.0004046087550.000+2%3699346850.000+11%3548594050.000+16%3289969195.000+25%
Usd Book Value Change Per Share--0.0730.084-13%0.063+16%0.057+28%0.040+83%
Usd Book Value Per Share--4.1294.056+2%3.708+11%3.554+16%3.266+26%
Usd Dividend Per Share--0.0100.210-95%0.139-93%0.133-92%0.172-94%
Usd Eps--0.1440.126+14%0.120+20%0.107+35%0.101+43%
Usd Free Cash Flow--221128800.00094197350.000+135%58430600.000+278%85418870.000+159%76121830.000+190%
Usd Free Cash Flow Per Share--0.2220.094+135%0.059+278%0.086+159%0.076+193%
Usd Free Cash Flow To Equity Per Share---0.0020.039-105%0.016-112%0.040-105%-0.006+228%
Usd Market Cap7070629131.719-4%7388411238.3396981022757.951+6%7497416518.557-1%7467392943.982-1%6989786701.583+6%
Usd Price Per Share7.088-4%7.4066.998+6%7.515-1%7.478-1%6.939+7%
Usd Profit--143622600.000123968250.000+16%119847550.000+20%106392770.000+35%101063640.000+42%
Usd Revenue--1554105800.0001531025250.000+2%1304294150.000+19%1206693750.000+29%1023762450.000+52%
Usd Total Gains Per Share--0.0830.294-72%0.202-59%0.190-56%0.212-61%
 EOD+4 -4MRQTTM+24 -11YOY+21 -145Y+20 -1510Y+24 -11

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.308
Price to Book Ratio (EOD)Between0-11.716
Net Profit Margin (MRQ)Greater than00.092
Operating Margin (MRQ)Greater than00.115
Quick Ratio (MRQ)Greater than10.642
Current Ratio (MRQ)Greater than11.123
Debt to Asset Ratio (MRQ)Less than10.485
Debt to Equity Ratio (MRQ)Less than10.942
Return on Equity (MRQ)Greater than0.150.035
Return on Assets (MRQ)Greater than0.050.018
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.249
Ma 20Greater thanMa 5076.464
Ma 50Greater thanMa 10078.230
Ma 100Greater thanMa 20078.953
OpenGreater thanClose76.600
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in NOK. All numbers in thousands.

Summary
Total Assets86,376,000
Total Liabilities41,891,000
Total Stockholder Equity44,485,000
 As reported
Total Liabilities 41,891,000
Total Stockholder Equity+ 44,485,000
Total Assets = 86,376,000

Assets

Total Assets86,376,000
Total Current Assets21,832,000
Long-term Assets64,544,000
Total Current Assets
Cash And Cash Equivalents 1,054,000
Short-term Investments 1,170,000
Net Receivables 10,248,000
Inventory 10,530,000
Total Current Assets  (as reported)21,832,000
Total Current Assets  (calculated)23,002,000
+/- 1,170,000
Long-term Assets
Property Plant Equipment 20,648,000
Intangible Assets 35,604,000
Other Assets 399,000
Long-term Assets  (as reported)64,544,000
Long-term Assets  (calculated)56,651,000
+/- 7,893,000

Liabilities & Shareholders' Equity

Total Current Liabilities19,437,000
Long-term Liabilities20,955,000
Total Stockholder Equity44,485,000
Total Current Liabilities
Short Long Term Debt 5,235,000
Accounts payable 8,403,000
Other Current Liabilities 5,312,000
Total Current Liabilities  (as reported)19,437,000
Total Current Liabilities  (calculated)18,950,000
+/- 487,000
Long-term Liabilities
Long term Debt Total 15,765,000
Other Liabilities 5,190,000
Long-term Liabilities  (as reported)20,955,000
Long-term Liabilities  (calculated)20,955,000
+/-0
Total Stockholder Equity
Common Stock1,969,000
Other Stockholders Equity 42,516,000
Total Stockholder Equity (as reported)44,485,000
Total Stockholder Equity (calculated)44,485,000
+/-0
Other
Capital Stock1,969,000
Cash And Equivalents1,054,000
Cash and Short Term Investments 1,054,000
Common Stock Shares Outstanding 997,605
Liabilities and Stockholders Equity 86,376,000
Net Debt 18,318,000
Net Invested Capital 63,857,000
Net Tangible Assets 8,881,000
Net Working Capital 2,395,000



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-302000-03-31
> Total Assets 
44,949,000
44,288,000
48,647,000
56,394,000
54,645,000
53,772,000
53,122,000
54,376,000
54,958,000
48,027,000
42,593,000
41,163,000
41,755,000
73,354,000
69,656,000
72,508,000
74,609,000
76,647,000
75,166,000
83,354,000
79,612,000
87,161,000
96,022,000
92,128,000
94,792,000
96,472,000
100,082,000
99,422,000
104,926,000
94,608,000
94,405,000
94,522,000
94,686,000
86,702,000
87,650,000
90,155,000
87,541,000
88,804,000
73,497,000
72,167,000
66,396,000
66,552,000
63,141,000
59,885,000
57,686,000
57,151,000
59,538,000
52,274,000
52,115,000
51,867,000
51,731,000
51,051,000
50,112,000
50,939,000
48,894,000
53,452,000
54,238,000
55,809,000
55,565,000
55,049,000
55,604,000
56,607,000
57,338,000
60,943,000
53,408,000
52,496,000
49,517,000
50,041,000
52,509,000
54,610,000
55,819,000
57,061,000
57,413,000
64,021,000
62,156,000
63,745,000
63,007,000
62,522,000
67,645,000
70,438,000
70,564,000
73,011,000
76,616,000
78,583,000
80,671,000
87,631,000
88,769,000
86,376,000
86,376,00088,769,00087,631,00080,671,00078,583,00076,616,00073,011,00070,564,00070,438,00067,645,00062,522,00063,007,00063,745,00062,156,00064,021,00057,413,00057,061,00055,819,00054,610,00052,509,00050,041,00049,517,00052,496,00053,408,00060,943,00057,338,00056,607,00055,604,00055,049,00055,565,00055,809,00054,238,00053,452,00048,894,00050,939,00050,112,00051,051,00051,731,00051,867,00052,115,00052,274,00059,538,00057,151,00057,686,00059,885,00063,141,00066,552,00066,396,00072,167,00073,497,00088,804,00087,541,00090,155,00087,650,00086,702,00094,686,00094,522,00094,405,00094,608,000104,926,00099,422,000100,082,00096,472,00094,792,00092,128,00096,022,00087,161,00079,612,00083,354,00075,166,00076,647,00074,609,00072,508,00069,656,00073,354,00041,755,00041,163,00042,593,00048,027,00054,958,00054,376,00053,122,00053,772,00054,645,00056,394,00048,647,00044,288,00044,949,000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
39,339,000
36,629,000
37,605,000
38,046,000
45,866,000
46,408,000
35,685,000
34,756,000
29,855,000
30,966,000
27,700,000
35,840,000
34,058,000
32,694,000
28,931,000
13,858,000
14,020,000
14,389,000
13,948,000
16,388,000
13,004,000
12,874,000
11,774,000
13,159,000
13,010,000
13,550,000
13,106,000
13,162,000
13,075,000
13,270,000
21,834,000
26,136,000
17,696,000
17,160,000
13,742,000
14,228,000
14,802,000
14,382,000
14,365,000
15,206,000
14,673,000
17,186,000
15,756,000
16,831,000
17,031,000
15,742,000
16,208,000
17,000,000
16,444,000
18,733,000
19,601,000
20,488,000
20,966,000
23,370,000
22,978,000
21,832,000
21,832,00022,978,00023,370,00020,966,00020,488,00019,601,00018,733,00016,444,00017,000,00016,208,00015,742,00017,031,00016,831,00015,756,00017,186,00014,673,00015,206,00014,365,00014,382,00014,802,00014,228,00013,742,00017,160,00017,696,00026,136,00021,834,00013,270,00013,075,00013,162,00013,106,00013,550,00013,010,00013,159,00011,774,00012,874,00013,004,00016,388,00013,948,00014,389,00014,020,00013,858,00028,931,00032,694,00034,058,00035,840,00027,700,00030,966,00029,855,00034,756,00035,685,00046,408,00045,866,00038,046,00037,605,00036,629,00039,339,00000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,153,000
3,546,000
3,150,000
3,337,000
2,819,000
2,378,000
6,659,000
8,205,000
5,453,000
6,517,000
4,909,000
2,748,000
7,091,000
5,411,000
2,369,000
1,337,000
1,690,000
2,388,000
1,681,000
1,653,000
2,514,000
2,116,000
839,000
1,105,000
607,000
1,464,000
954,000
904,000
1,083,000
1,044,000
1,029,000
1,541,000
4,719,000
4,124,000
877,000
1,270,000
1,806,000
1,260,000
950,000
1,322,000
1,493,000
2,033,000
1,399,000
1,948,000
3,032,000
1,028,000
865,000
1,250,000
917,000
1,863,000
1,138,000
1,075,000
1,180,000
1,315,000
1,124,000
1,054,000
1,054,0001,124,0001,315,0001,180,0001,075,0001,138,0001,863,000917,0001,250,000865,0001,028,0003,032,0001,948,0001,399,0002,033,0001,493,0001,322,000950,0001,260,0001,806,0001,270,000877,0004,124,0004,719,0001,541,0001,029,0001,044,0001,083,000904,000954,0001,464,000607,0001,105,000839,0002,116,0002,514,0001,653,0001,681,0002,388,0001,690,0001,337,0002,369,0005,411,0007,091,0002,748,0004,909,0006,517,0005,453,0008,205,0006,659,0002,378,0002,819,0003,337,0003,150,0003,546,0004,153,00000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,087,000
11,740,000
11,282,000
11,750,000
11,674,000
11,113,000
9,468,000
7,438,000
5,502,000
4,967,000
3,666,000
3,801,000
3,601,000
3,169,000
1,056,000
992,000
1,051,000
1,050,000
931,000
826,000
734,000
691,000
1,287,000
1,192,000
1,376,000
374,000
288,000
211,000
107,000
20,000
19,000
15,000
17,000
17,000
10,000
11,000
13,000
5,000
4,000
3,000
1,000
0
0
0
0
0
0
0
0
0
0
1,366,000
0
1,357,000
1,389,000
1,170,000
1,170,0001,389,0001,357,00001,366,00000000000001,0003,0004,0005,00013,00011,00010,00017,00017,00015,00019,00020,000107,000211,000288,000374,0001,376,0001,192,0001,287,000691,000734,000826,000931,0001,050,0001,051,000992,0001,056,0003,169,0003,601,0003,801,0003,666,0004,967,0005,502,0007,438,0009,468,00011,113,00011,674,00011,750,00011,282,00011,740,00011,087,00000000000000000000000000000000000
       Net Receivables 
0
0
5,638,000
0
7,964,000
0
7,558,000
0
7,689,000
5,181,000
5,655,000
4,716,000
4,258,000
10,172,000
11,047,000
10,291,000
10,456,000
10,980,000
10,123,000
17,538,000
9,808,000
10,946,000
14,562,000
13,630,000
11,344,000
12,489,000
15,473,000
14,416,000
10,378,000
11,685,000
11,465,000
10,938,000
14,653,000
13,300,000
14,622,000
14,418,000
8,488,000
25,335,000
11,631,000
11,019,000
9,097,000
11,206,000
11,189,000
6,777,000
4,604,000
5,591,000
6,450,000
6,558,000
5,543,000
5,962,000
6,224,000
5,378,000
5,216,000
5,805,000
5,174,000
5,828,000
5,531,000
6,322,000
6,363,000
6,400,000
6,061,000
6,590,000
6,893,000
18,784,000
6,586,000
7,205,000
6,931,000
6,952,000
6,320,000
6,030,000
6,310,000
6,288,000
6,430,000
8,413,000
7,400,000
7,917,000
6,648,000
7,973,000
7,862,000
8,352,000
7,129,000
8,563,000
9,063,000
9,381,000
7,709,000
9,110,000
10,500,000
10,248,000
10,248,00010,500,0009,110,0007,709,0009,381,0009,063,0008,563,0007,129,0008,352,0007,862,0007,973,0006,648,0007,917,0007,400,0008,413,0006,430,0006,288,0006,310,0006,030,0006,320,0006,952,0006,931,0007,205,0006,586,00018,784,0006,893,0006,590,0006,061,0006,400,0006,363,0006,322,0005,531,0005,828,0005,174,0005,805,0005,216,0005,378,0006,224,0005,962,0005,543,0006,558,0006,450,0005,591,0004,604,0006,777,00011,189,00011,206,0009,097,00011,019,00011,631,00025,335,0008,488,00014,418,00014,622,00013,300,00014,653,00010,938,00011,465,00011,685,00010,378,00014,416,00015,473,00012,489,00011,344,00013,630,00014,562,00010,946,0009,808,00017,538,00010,123,00010,980,00010,456,00010,291,00011,047,00010,172,0004,258,0004,716,0005,655,0005,181,0007,689,00007,558,00007,964,00005,638,00000
       Other Current Assets 
0
0
0
0
0
0
533,000
0
938,000
0
0
0
191,000
0
0
0
892,000
0
0
0
1,229,000
0
0
0
1,284,000
0
0
0
7,101,000
0
0
0
16,568,000
13,300,000
14,622,000
14,418,000
24,271,000
25,335,000
11,631,000
11,019,000
10,853,000
11,206,000
11,189,000
24,749,000
19,123,000
19,773,000
20,525,000
6,558,000
6,443,000
5,962,000
6,483,000
9,715,000
5,683,000
5,827,000
5,196,000
5,850,000
6,188,000
6,322,000
6,363,000
6,400,000
6,620,000
6,590,000
14,999,000
18,784,000
7,163,000
7,205,000
6,931,000
6,952,000
6,976,000
7,019,000
7,273,000
7,628,000
7,221,000
8,413,000
7,400,000
7,917,000
7,373,000
7,973,000
7,862,000
8,352,000
7,993,000
8,563,000
0
0
0
0
0
0
0000008,563,0007,993,0008,352,0007,862,0007,973,0007,373,0007,917,0007,400,0008,413,0007,221,0007,628,0007,273,0007,019,0006,976,0006,952,0006,931,0007,205,0007,163,00018,784,00014,999,0006,590,0006,620,0006,400,0006,363,0006,322,0006,188,0005,850,0005,196,0005,827,0005,683,0009,715,0006,483,0005,962,0006,443,0006,558,00020,525,00019,773,00019,123,00024,749,00011,189,00011,206,00010,853,00011,019,00011,631,00025,335,00024,271,00014,418,00014,622,00013,300,00016,568,0000007,101,0000001,284,0000001,229,000000892,000000191,000000938,0000533,000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
55,347,000
50,073,000
50,045,000
52,109,000
41,675,000
42,396,000
37,812,000
37,411,000
36,541,000
35,586,000
35,441,000
24,045,000
23,628,000
24,457,000
30,607,000
38,416,000
38,095,000
37,478,000
37,783,000
34,663,000
37,108,000
38,065,000
37,120,000
40,293,000
41,228,000
42,259,000
42,459,000
41,887,000
42,529,000
43,337,000
35,504,000
34,807,000
35,712,000
35,336,000
35,775,000
35,813,000
37,707,000
40,228,000
41,454,000
41,855,000
42,740,000
46,835,000
46,400,000
46,914,000
45,976,000
46,780,000
51,437,000
53,438,000
54,120,000
54,278,000
57,015,000
58,095,000
59,705,000
64,261,000
65,791,000
64,544,000
64,544,00065,791,00064,261,00059,705,00058,095,00057,015,00054,278,00054,120,00053,438,00051,437,00046,780,00045,976,00046,914,00046,400,00046,835,00042,740,00041,855,00041,454,00040,228,00037,707,00035,813,00035,775,00035,336,00035,712,00034,807,00035,504,00043,337,00042,529,00041,887,00042,459,00042,259,00041,228,00040,293,00037,120,00038,065,00037,108,00034,663,00037,783,00037,478,00038,095,00038,416,00030,607,00024,457,00023,628,00024,045,00035,441,00035,586,00036,541,00037,411,00037,812,00042,396,00041,675,00052,109,00050,045,00050,073,00055,347,00000000000000000000000000000000000
       Property Plant Equipment 
22,310,000
22,239,000
14,889,000
28,404,000
17,477,000
27,468,000
17,131,000
28,125,000
17,942,000
9,616,000
9,441,000
9,116,000
9,086,000
17,156,000
17,235,000
17,502,000
16,912,000
17,199,000
15,511,000
16,086,000
16,568,000
16,908,000
20,237,000
19,906,000
21,481,000
22,656,000
23,893,000
25,655,000
26,368,000
25,314,000
25,734,000
25,748,000
24,694,000
24,587,000
25,185,000
24,670,000
17,730,000
17,845,000
17,345,000
17,828,000
18,058,000
17,913,000
18,142,000
9,932,000
9,929,000
10,534,000
12,048,000
12,003,000
11,651,000
11,371,000
11,174,000
9,548,000
9,484,000
9,599,000
9,667,000
10,256,000
10,523,000
10,999,000
10,892,000
10,841,000
11,038,000
11,043,000
11,518,000
11,323,000
11,683,000
11,567,000
11,809,000
11,936,000
12,760,000
14,121,000
14,511,000
14,816,000
15,402,000
16,606,000
16,421,000
16,550,000
16,274,000
16,189,000
16,854,000
17,404,000
17,458,000
17,332,000
18,273,000
18,650,000
19,138,000
20,691,000
21,245,000
20,648,000
20,648,00021,245,00020,691,00019,138,00018,650,00018,273,00017,332,00017,458,00017,404,00016,854,00016,189,00016,274,00016,550,00016,421,00016,606,00015,402,00014,816,00014,511,00014,121,00012,760,00011,936,00011,809,00011,567,00011,683,00011,323,00011,518,00011,043,00011,038,00010,841,00010,892,00010,999,00010,523,00010,256,0009,667,0009,599,0009,484,0009,548,00011,174,00011,371,00011,651,00012,003,00012,048,00010,534,0009,929,0009,932,00018,142,00017,913,00018,058,00017,828,00017,345,00017,845,00017,730,00024,670,00025,185,00024,587,00024,694,00025,748,00025,734,00025,314,00026,368,00025,655,00023,893,00022,656,00021,481,00019,906,00020,237,00016,908,00016,568,00016,086,00015,511,00017,199,00016,912,00017,502,00017,235,00017,156,0009,086,0009,116,0009,441,0009,616,00017,942,00028,125,00017,131,00027,468,00017,477,00028,404,00014,889,00022,239,00022,310,000
       Goodwill 
0
0
0
0
5,825,000
0
5,652,000
0
0
0
0
0
3,247,000
0
0
0
11,112,000
0
0
0
11,512,000
0
0
0
10,282,000
0
0
0
10,774,000
0
0
0
11,099,000
0
0
0
9,578,000
0
0
0
9,621,000
0
0
0
7,269,000
0
0
0
11,360,000
0
0
0
10,291,000
0
0
0
12,608,000
0
0
0
12,741,000
0
0
0
14,150,000
0
0
0
14,673,000
0
0
0
16,533,000
0
0
0
17,365,000
0
0
0
22,086,000
0
0
0
24,693,000
0
0
0
00024,693,00000022,086,00000017,365,00000016,533,00000014,673,00000014,150,00000012,741,00000012,608,00000010,291,00000011,360,0000007,269,0000009,621,0000009,578,00000011,099,00000010,774,00000010,282,00000011,512,00000011,112,0000003,247,000000005,652,00005,825,0000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,786,000
13,263,000
4,126,000
3,839,000
3,896,000
3,637,000
3,884,000
3,812,000
4,166,000
4,118,000
4,434,000
4,491,000
4,321,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000004,321,0004,491,0004,434,0004,118,0004,166,0003,812,0003,884,0003,637,0003,896,0003,839,0004,126,00013,263,00012,786,000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
6,402,000
0
5,978,000
0
5,944,000
0
5,887,000
3,898,000
3,850,000
3,854,000
3,247,000
16,320,000
16,588,000
16,618,000
17,532,000
17,875,000
16,849,000
17,457,000
17,276,000
17,227,000
16,768,000
16,409,000
16,006,000
16,468,000
16,329,000
16,605,000
16,204,000
17,720,000
17,780,000
17,290,000
14,217,000
14,724,000
14,969,000
15,787,000
12,337,000
12,799,000
12,848,000
13,082,000
12,460,000
12,674,000
12,616,000
10,139,000
2,679,000
10,430,000
15,054,000
15,273,000
4,008,000
15,277,000
15,221,000
13,782,000
4,208,000
14,993,000
15,238,000
17,450,000
5,003,000
18,389,000
18,393,000
18,255,000
5,500,000
18,690,000
19,548,000
19,363,000
5,731,000
19,899,000
19,854,000
19,859,000
5,904,000
21,753,000
22,278,000
22,307,000
6,194,000
0
0
0
6,844,000
25,155,000
28,852,000
30,129,000
8,468,000
30,953,000
32,121,000
32,481,000
33,710,000
36,046,000
36,522,000
35,604,000
35,604,00036,522,00036,046,00033,710,00032,481,00032,121,00030,953,0008,468,00030,129,00028,852,00025,155,0006,844,0000006,194,00022,307,00022,278,00021,753,0005,904,00019,859,00019,854,00019,899,0005,731,00019,363,00019,548,00018,690,0005,500,00018,255,00018,393,00018,389,0005,003,00017,450,00015,238,00014,993,0004,208,00013,782,00015,221,00015,277,0004,008,00015,273,00015,054,00010,430,0002,679,00010,139,00012,616,00012,674,00012,460,00013,082,00012,848,00012,799,00012,337,00015,787,00014,969,00014,724,00014,217,00017,290,00017,780,00017,720,00016,204,00016,605,00016,329,00016,468,00016,006,00016,409,00016,768,00017,227,00017,276,00017,457,00016,849,00017,875,00017,532,00016,618,00016,588,00016,320,0003,247,0003,854,0003,850,0003,898,0005,887,00005,944,00005,978,00006,402,00000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,333,000
10,762,000
9,891,000
11,652,000
12,669,000
11,752,000
7,619,000
6,501,000
6,461,000
4,999,000
4,683,000
3,974,000
4,435,000
3,169,000
1,056,000
992,000
1,666,000
1,050,000
931,000
826,000
1,664,000
691,000
1,287,000
1,192,000
2,220,000
374,000
288,000
211,000
718,000
20,000
19,000
15,000
374,000
17,000
10,000
11,000
263,000
5,000
4,000
309,000
307,000
5,286,000
5,262,000
5,506,000
5,368,000
5,436,000
5,731,000
5,905,000
5,979,000
5,993,000
0
0
0
0
0
0
0000005,993,0005,979,0005,905,0005,731,0005,436,0005,368,0005,506,0005,262,0005,286,000307,000309,0004,0005,000263,00011,00010,00017,000374,00015,00019,00020,000718,000211,000288,000374,0002,220,0001,192,0001,287,000691,0001,664,000826,000931,0001,050,0001,666,000992,0001,056,0003,169,0004,435,0003,974,0004,683,0004,999,0006,461,0006,501,0007,619,00011,752,00012,669,00011,652,0009,891,00010,762,00012,333,00000000000000000000000000000000000
> Total Liabilities 
29,896,000
26,895,000
31,346,000
37,461,000
35,688,000
34,757,000
34,431,000
34,193,000
40,396,000
21,203,000
14,857,000
13,512,000
15,451,000
38,369,000
35,608,000
36,132,000
36,686,000
36,173,000
36,610,000
38,700,000
31,503,000
36,872,000
41,201,000
39,098,000
39,528,000
43,019,000
47,395,000
48,491,000
54,857,000
47,437,000
47,212,000
46,960,000
45,761,000
40,860,000
46,197,000
45,632,000
40,610,000
39,451,000
31,242,000
32,505,000
32,010,000
31,567,000
30,920,000
28,712,000
26,604,000
25,780,000
31,113,000
22,501,000
21,335,000
20,763,000
22,132,000
21,202,000
18,808,000
19,037,000
18,378,000
21,340,000
20,492,000
21,851,000
23,281,000
22,517,000
21,728,000
21,494,000
23,319,000
22,959,000
18,570,000
17,675,000
17,449,000
17,728,000
18,429,000
20,472,000
23,313,000
23,240,000
22,501,000
25,423,000
26,239,000
26,194,000
25,303,000
24,664,000
31,028,000
32,281,000
31,213,000
33,113,000
36,946,000
37,703,000
38,985,000
42,723,000
45,071,000
41,891,000
41,891,00045,071,00042,723,00038,985,00037,703,00036,946,00033,113,00031,213,00032,281,00031,028,00024,664,00025,303,00026,194,00026,239,00025,423,00022,501,00023,240,00023,313,00020,472,00018,429,00017,728,00017,449,00017,675,00018,570,00022,959,00023,319,00021,494,00021,728,00022,517,00023,281,00021,851,00020,492,00021,340,00018,378,00019,037,00018,808,00021,202,00022,132,00020,763,00021,335,00022,501,00031,113,00025,780,00026,604,00028,712,00030,920,00031,567,00032,010,00032,505,00031,242,00039,451,00040,610,00045,632,00046,197,00040,860,00045,761,00046,960,00047,212,00047,437,00054,857,00048,491,00047,395,00043,019,00039,528,00039,098,00041,201,00036,872,00031,503,00038,700,00036,610,00036,173,00036,686,00036,132,00035,608,00038,369,00015,451,00013,512,00014,857,00021,203,00040,396,00034,193,00034,431,00034,757,00035,688,00037,461,00031,346,00026,895,00029,896,000
   > Total Current Liabilities 
9,455,000
9,436,000
13,460,000
12,634,000
15,058,000
11,789,000
14,554,000
12,888,000
19,886,000
12,936,000
7,204,000
6,414,000
9,497,000
19,174,000
17,472,000
16,018,000
17,842,000
16,801,000
16,083,000
22,120,000
15,346,000
16,392,000
18,587,000
17,095,000
17,293,000
18,769,000
19,033,000
16,706,000
20,026,000
14,459,000
14,184,000
13,417,000
12,380,000
14,177,000
15,453,000
15,101,000
14,709,000
14,429,000
11,954,000
12,880,000
13,357,000
13,233,000
12,473,000
14,195,000
13,966,000
12,604,000
14,614,000
8,409,000
9,925,000
9,372,000
8,525,000
8,412,000
6,599,000
6,890,000
6,421,000
6,947,000
7,579,000
8,109,000
7,920,000
7,748,000
10,410,000
8,438,000
9,450,000
11,489,000
9,016,000
8,392,000
8,291,000
8,665,000
9,028,000
10,404,000
11,031,000
11,486,000
9,918,000
11,530,000
11,537,000
11,456,000
10,873,000
10,935,000
15,037,000
15,934,000
15,223,000
15,699,000
17,975,000
16,940,000
17,654,000
20,664,000
19,216,000
19,437,000
19,437,00019,216,00020,664,00017,654,00016,940,00017,975,00015,699,00015,223,00015,934,00015,037,00010,935,00010,873,00011,456,00011,537,00011,530,0009,918,00011,486,00011,031,00010,404,0009,028,0008,665,0008,291,0008,392,0009,016,00011,489,0009,450,0008,438,00010,410,0007,748,0007,920,0008,109,0007,579,0006,947,0006,421,0006,890,0006,599,0008,412,0008,525,0009,372,0009,925,0008,409,00014,614,00012,604,00013,966,00014,195,00012,473,00013,233,00013,357,00012,880,00011,954,00014,429,00014,709,00015,101,00015,453,00014,177,00012,380,00013,417,00014,184,00014,459,00020,026,00016,706,00019,033,00018,769,00017,293,00017,095,00018,587,00016,392,00015,346,00022,120,00016,083,00016,801,00017,842,00016,018,00017,472,00019,174,0009,497,0006,414,0007,204,00012,936,00019,886,00012,888,00014,554,00011,789,00015,058,00012,634,00013,460,0009,436,0009,455,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,746,000
2,764,000
3,533,000
2,880,000
1,380,000
2,472,000
897,000
1,021,000
1,472,000
1,568,000
1,103,000
2,732,000
3,348,000
2,033,000
2,340,000
1,664,000
2,783,000
2,481,000
1,512,000
990,000
598,000
665,000
481,000
370,000
253,000
903,000
645,000
390,000
2,468,000
310,000
1,051,000
3,001,000
312,000
294,000
302,000
687,000
351,000
1,581,000
2,672,000
2,492,000
803,000
1,122,000
1,502,000
799,000
664,000
581,000
4,264,000
4,591,000
3,603,000
3,465,000
0
0
0
0
0
0
0000003,465,0003,603,0004,591,0004,264,000581,000664,000799,0001,502,0001,122,000803,0002,492,0002,672,0001,581,000351,000687,000302,000294,000312,0003,001,0001,051,000310,0002,468,000390,000645,000903,000253,000370,000481,000665,000598,000990,0001,512,0002,481,0002,783,0001,664,0002,340,0002,033,0003,348,0002,732,0001,103,0001,568,0001,472,0001,021,000897,0002,472,0001,380,0002,880,0003,533,0002,764,0001,746,00000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,065,000
9,220,000
10,641,000
3,001,000
84,000
294,000
302,000
687,000
131,000
1,224,000
2,320,000
2,134,000
442,000
728,000
1,128,000
443,000
329,000
261,000
3,943,000
4,208,000
3,195,000
3,065,000
5,045,000
3,260,000
3,651,000
5,584,000
4,889,000
5,235,000
5,235,0004,889,0005,584,0003,651,0003,260,0005,045,0003,065,0003,195,0004,208,0003,943,000261,000329,000443,0001,128,000728,000442,0002,134,0002,320,0001,224,000131,000687,000302,000294,00084,0003,001,00010,641,0009,220,00010,065,000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
2,402,000
0
3,025,000
0
2,909,000
0
3,422,000
0
0
0
1,742,000
0
0
0
4,663,000
0
0
0
5,059,000
0
0
0
6,311,000
0
0
0
5,948,000
0
0
0
4,796,000
0
0
0
5,444,000
0
0
0
5,310,000
0
0
0
2,565,000
0
0
0
2,848,000
0
0
0
1,974,000
3,486,000
3,400,000
3,711,000
2,410,000
4,134,000
4,264,000
4,308,000
2,835,000
4,396,000
4,537,000
4,563,000
3,426,000
4,713,000
4,796,000
4,580,000
3,328,000
5,293,000
5,097,000
5,354,000
5,591,000
6,549,000
6,059,000
6,583,000
4,597,000
6,520,000
6,843,000
7,132,000
7,286,000
7,459,000
7,764,000
7,937,000
8,134,000
8,967,000
8,336,000
8,403,000
8,403,0008,336,0008,967,0008,134,0007,937,0007,764,0007,459,0007,286,0007,132,0006,843,0006,520,0004,597,0006,583,0006,059,0006,549,0005,591,0005,354,0005,097,0005,293,0003,328,0004,580,0004,796,0004,713,0003,426,0004,563,0004,537,0004,396,0002,835,0004,308,0004,264,0004,134,0002,410,0003,711,0003,400,0003,486,0001,974,0000002,848,0000002,565,0000005,310,0000005,444,0000004,796,0000005,948,0000006,311,0000005,059,0000004,663,0000001,742,0000003,422,00002,909,00003,025,00002,402,00000
       Other Current Liabilities 
0
0
5,241,000
0
7,804,000
0
7,182,000
0
13,001,000
12,303,000
6,692,000
6,165,000
6,481,000
16,469,000
10,424,000
10,358,000
7,476,000
12,621,000
10,993,000
10,918,000
6,914,000
11,946,000
14,951,000
13,888,000
7,820,000
14,583,000
15,342,000
14,128,000
10,698,000
11,800,000
10,482,000
9,918,000
10,634,000
11,413,000
11,920,000
12,221,000
13,329,000
11,957,000
11,057,000
11,859,000
11,885,000
11,665,000
11,370,000
11,463,000
8,053,000
10,571,000
12,274,000
6,745,000
4,294,000
6,891,000
7,013,000
7,422,000
4,027,000
2,739,000
2,540,000
2,866,000
4,916,000
3,072,000
3,011,000
3,050,000
5,107,000
3,732,000
3,862,000
3,925,000
5,278,000
3,385,000
3,193,000
3,398,000
5,349,000
3,530,000
3,262,000
3,640,000
3,524,000
3,859,000
3,976,000
4,074,000
5,612,000
3,834,000
3,930,000
4,211,000
4,334,000
4,775,000
4,749,000
5,324,000
0
5,596,000
5,485,000
5,312,000
5,312,0005,485,0005,596,00005,324,0004,749,0004,775,0004,334,0004,211,0003,930,0003,834,0005,612,0004,074,0003,976,0003,859,0003,524,0003,640,0003,262,0003,530,0005,349,0003,398,0003,193,0003,385,0005,278,0003,925,0003,862,0003,732,0005,107,0003,050,0003,011,0003,072,0004,916,0002,866,0002,540,0002,739,0004,027,0007,422,0007,013,0006,891,0004,294,0006,745,00012,274,00010,571,0008,053,00011,463,00011,370,00011,665,00011,885,00011,859,00011,057,00011,957,00013,329,00012,221,00011,920,00011,413,00010,634,0009,918,00010,482,00011,800,00010,698,00014,128,00015,342,00014,583,0007,820,00013,888,00014,951,00011,946,0006,914,00010,918,00010,993,00012,621,0007,476,00010,358,00010,424,00016,469,0006,481,0006,165,0006,692,00012,303,00013,001,00007,182,00007,804,00005,241,00000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,381,000
26,683,000
30,744,000
30,531,000
25,901,000
25,022,000
19,288,000
19,625,000
18,653,000
18,334,000
18,447,000
14,517,000
12,638,000
13,176,000
16,499,000
14,092,000
11,410,000
11,391,000
13,607,000
12,790,000
12,209,000
12,147,000
11,957,000
14,393,000
12,913,000
13,742,000
15,361,000
14,769,000
11,318,000
13,056,000
13,869,000
11,470,000
9,554,000
9,283,000
9,158,000
9,063,000
9,401,000
10,068,000
12,282,000
11,754,000
12,583,000
13,893,000
14,702,000
14,738,000
14,430,000
13,729,000
15,991,000
16,347,000
15,990,000
17,414,000
18,971,000
19,639,000
19,861,000
20,456,000
24,202,000
20,955,000
20,955,00024,202,00020,456,00019,861,00019,639,00018,971,00017,414,00015,990,00016,347,00015,991,00013,729,00014,430,00014,738,00014,702,00013,893,00012,583,00011,754,00012,282,00010,068,0009,401,0009,063,0009,158,0009,283,0009,554,00011,470,00013,869,00013,056,00011,318,00014,769,00015,361,00013,742,00012,913,00014,393,00011,957,00012,147,00012,209,00012,790,00013,607,00011,391,00011,410,00014,092,00016,499,00013,176,00012,638,00014,517,00018,447,00018,334,00018,653,00019,625,00019,288,00025,022,00025,901,00030,531,00030,744,00026,683,00033,381,00000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,359,000
8,787,000
10,870,000
11,190,000
10,731,000
12,262,000
13,675,000
14,301,000
14,975,000
15,210,000
18,928,000
15,765,000
15,765,00018,928,00015,210,00014,975,00014,301,00013,675,00012,262,00010,731,00011,190,00010,870,0008,787,0009,359,0000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
1,351,000
0
1,248,000
0
1,514,000
1,443,000
1,421,000
1,564,000
1,242,000
6,352,000
6,136,000
6,018,000
2,951,000
5,635,000
5,349,000
5,393,000
2,424,000
5,614,000
5,432,000
5,269,000
2,286,000
5,914,000
5,933,000
6,008,000
2,371,000
5,001,000
4,699,000
4,788,000
2,137,000
4,134,000
4,166,000
4,177,000
2,226,000
3,818,000
3,717,000
3,511,000
1,992,000
3,107,000
3,097,000
2,888,000
1,944,000
3,525,000
4,000,000
3,877,000
2,120,000
3,334,000
3,472,000
3,379,000
2,538,000
3,644,000
3,582,000
4,083,000
2,712,000
4,328,000
4,306,000
4,181,000
2,555,000
4,146,000
4,279,000
4,662,000
3,130,000
4,570,000
4,485,000
4,400,000
4,384,000
4,539,000
4,406,000
4,424,000
4,672,000
5,186,000
5,149,000
5,221,000
4,896,000
4,942,000
5,121,000
5,157,000
5,187,000
5,152,000
5,296,000
5,338,000
0
0
5,274,000
5,190,000
5,190,0005,274,000005,338,0005,296,0005,152,0005,187,0005,157,0005,121,0004,942,0004,896,0005,221,0005,149,0005,186,0004,672,0004,424,0004,406,0004,539,0004,384,0004,400,0004,485,0004,570,0003,130,0004,662,0004,279,0004,146,0002,555,0004,181,0004,306,0004,328,0002,712,0004,083,0003,582,0003,644,0002,538,0003,379,0003,472,0003,334,0002,120,0003,877,0004,000,0003,525,0001,944,0002,888,0003,097,0003,107,0001,992,0003,511,0003,717,0003,818,0002,226,0004,177,0004,166,0004,134,0002,137,0004,788,0004,699,0005,001,0002,371,0006,008,0005,933,0005,914,0002,286,0005,269,0005,432,0005,614,0002,424,0005,393,0005,349,0005,635,0002,951,0006,018,0006,136,0006,352,0001,242,0001,564,0001,421,0001,443,0001,514,00001,248,00001,351,0000000
> Total Stockholder Equity
15,053,000
17,393,000
16,447,000
18,933,000
17,969,000
19,015,000
17,800,000
20,183,000
13,579,000
26,572,000
27,502,000
27,409,000
26,075,000
33,756,000
33,344,000
35,671,000
37,177,000
39,716,000
38,166,000
44,272,000
47,773,000
49,960,000
51,786,000
50,430,000
52,663,000
50,815,000
49,989,000
48,245,000
47,383,000
46,758,000
46,801,000
47,189,000
48,555,000
45,469,000
41,060,000
44,190,000
46,566,000
49,050,000
41,944,000
39,329,000
34,106,000
34,695,000
31,914,000
30,853,000
30,824,000
31,129,000
28,170,000
29,474,000
30,479,000
30,669,000
29,255,000
29,483,000
31,059,000
31,659,000
30,138,000
31,701,000
33,329,000
33,564,000
31,882,000
32,120,000
33,474,000
34,714,000
33,603,000
37,564,000
34,408,000
34,383,000
31,623,000
31,857,000
33,629,000
33,731,000
32,034,000
33,318,000
34,452,000
38,092,000
35,457,000
37,080,000
37,242,000
37,219,000
35,980,000
37,384,000
38,441,000
38,969,000
38,630,000
40,880,000
41,686,000
44,908,000
43,698,000
44,485,000
44,485,00043,698,00044,908,00041,686,00040,880,00038,630,00038,969,00038,441,00037,384,00035,980,00037,219,00037,242,00037,080,00035,457,00038,092,00034,452,00033,318,00032,034,00033,731,00033,629,00031,857,00031,623,00034,383,00034,408,00037,564,00033,603,00034,714,00033,474,00032,120,00031,882,00033,564,00033,329,00031,701,00030,138,00031,659,00031,059,00029,483,00029,255,00030,669,00030,479,00029,474,00028,170,00031,129,00030,824,00030,853,00031,914,00034,695,00034,106,00039,329,00041,944,00049,050,00046,566,00044,190,00041,060,00045,469,00048,555,00047,189,00046,801,00046,758,00047,383,00048,245,00049,989,00050,815,00052,663,00050,430,00051,786,00049,960,00047,773,00044,272,00038,166,00039,716,00037,177,00035,671,00033,344,00033,756,00026,075,00027,409,00027,502,00026,572,00013,579,00020,183,00017,800,00019,015,00017,969,00018,933,00016,447,00017,393,00015,053,000
   Common Stock
0
0
1,370,000
0
1,370,000
0
1,352,000
0
1,337,000
0
0
0
1,327,000
2,008,000
2,009,000
2,010,000
1,302,000
2,011,000
2,013,000
2,007,000
1,302,000
2,009,000
2,010,000
2,001,000
1,296,000
1,990,000
1,990,000
1,990,000
1,287,000
1,993,000
1,993,000
1,993,000
1,995,000
1,995,000
1,995,000
1,995,000
1,999,000
2,000,000
1,995,000
1,995,000
1,997,000
1,984,000
1,984,000
1,984,000
1,274,000
1,985,000
1,987,000
1,987,000
1,274,000
1,990,000
1,993,000
1,995,000
1,274,000
1,993,000
1,994,000
1,992,000
1,274,000
1,993,000
1,993,000
1,994,000
1,274,000
1,992,000
1,993,000
1,993,000
1,274,000
1,995,000
1,983,000
1,971,000
1,274,000
1,971,000
1,972,000
1,972,000
1,252,000
1,972,000
1,972,000
1,972,000
1,252,000
1,966,000
1,967,000
1,967,000
1,252,000
1,967,000
1,968,000
1,968,000
0
0
1,969,000
1,969,000
1,969,0001,969,000001,968,0001,968,0001,967,0001,252,0001,967,0001,967,0001,966,0001,252,0001,972,0001,972,0001,972,0001,252,0001,972,0001,972,0001,971,0001,274,0001,971,0001,983,0001,995,0001,274,0001,993,0001,993,0001,992,0001,274,0001,994,0001,993,0001,993,0001,274,0001,992,0001,994,0001,993,0001,274,0001,995,0001,993,0001,990,0001,274,0001,987,0001,987,0001,985,0001,274,0001,984,0001,984,0001,984,0001,997,0001,995,0001,995,0002,000,0001,999,0001,995,0001,995,0001,995,0001,995,0001,993,0001,993,0001,993,0001,287,0001,990,0001,990,0001,990,0001,296,0002,001,0002,010,0002,009,0001,302,0002,007,0002,013,0002,011,0001,302,0002,010,0002,009,0002,008,0001,327,0000001,337,00001,352,00001,370,00001,370,00000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000-1,000000-1,000000-2,000000-6,000000-10,000000-11,000000-9,000000-13,000000-15,000000-15,000000-15,000000-13,000000-41,000000-13,0000-50,0000-53,0000-15,00000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,869,000
711,000
0
0
0
715,000
0
0
0
719,000
0
0
0
720,000
0
0
0
720,000
32,722,000
31,610,000
35,571,000
721,000
32,388,000
29,640,000
29,886,000
697,000
31,760,000
30,062,000
31,346,000
720,000
36,120,000
33,485,000
35,108,000
720,000
35,253,000
34,013,000
35,417,000
715,000
37,002,000
36,662,000
38,914,000
1,968,000
1,968,000
41,729,000
42,516,000
42,516,00041,729,0001,968,0001,968,00038,914,00036,662,00037,002,000715,00035,417,00034,013,00035,253,000720,00035,108,00033,485,00036,120,000720,00031,346,00030,062,00031,760,000697,00029,886,00029,640,00032,388,000721,00035,571,00031,610,00032,722,000720,000000720,000000719,000000715,000000711,00028,869,0000000000000000000000000000000000000000000000



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 (+$)
totalRevenue58,391,000
Cost of Revenue-28,868,000
Gross Profit29,523,00029,523,000
 
Operating Income (+$)
Gross Profit29,523,000
Operating Expense-51,033,000
Operating Income6,897,000-21,510,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative12,193,000
Selling And Marketing Expenses0
Operating Expense51,033,00012,193,000
 
Net Interest Income (+$)
Interest Income510,000
Interest Expense-428,000
Other Finance Cost-497,000
Net Interest Income-415,000
 
Pretax Income (+$)
Operating Income6,897,000
Net Interest Income-415,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)7,345,0006,897,000
EBIT - interestExpense = -428,000
7,096,000
5,447,000
Interest Expense428,000
Earnings Before Interest and Taxes (EBIT)07,773,000
Earnings Before Interest and Taxes (EBITDA)10,177,000
 
After tax Income (+$)
Income Before Tax7,345,000
Tax Provision-2,077,000
Net Income From Continuing Ops5,268,0005,268,000
Net Income5,019,000
Net Income Applicable To Common Shares5,019,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0415,000
 

Technical Analysis of Orkla
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Orkla. The general trend of Orkla is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Orkla's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Orkla ASA.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 77.76 < 83.86 < 83.90.

The bearish price targets are: 75.50 > 75.24 > 74.80.

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Orkla ASA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Orkla ASA. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Orkla ASA Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Orkla ASA. The current macd is -0.35957581.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Orkla price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Orkla. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Orkla price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Orkla ASA Daily Moving Average Convergence/Divergence (MACD) ChartOrkla ASA Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Orkla ASA. The current adx is 26.27.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Orkla shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Orkla ASA Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Orkla ASA. The current sar is 75.24.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Orkla ASA Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Orkla ASA. The current rsi is 47.25. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Orkla ASA Daily Relative Strength Index (RSI) ChartOrkla ASA Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Orkla ASA. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Orkla price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Orkla ASA Daily Stochastic Oscillator ChartOrkla ASA Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Orkla ASA. The current cci is 24.04.

Orkla ASA Daily Commodity Channel Index (CCI) ChartOrkla ASA Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Orkla ASA. The current cmo is 3.99345707.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Orkla ASA Daily Chande Momentum Oscillator (CMO) ChartOrkla ASA Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Orkla ASA. The current willr is -48.41269841.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Orkla is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Orkla ASA Daily Williams %R ChartOrkla ASA Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Orkla ASA.

Orkla ASA Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Orkla ASA. The current atr is 0.86710879.

Orkla ASA Daily Average True Range (ATR) ChartOrkla ASA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Orkla ASA. The current obv is -19,686,607.

Orkla ASA Daily On-Balance Volume (OBV) ChartOrkla ASA Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Orkla ASA. The current mfi is 39.43.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Orkla ASA Daily Money Flow Index (MFI) ChartOrkla ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Orkla ASA.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.

6.3. Candlestick Patterns

Orkla ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.249
Ma 20Greater thanMa 5076.464
Ma 50Greater thanMa 10078.230
Ma 100Greater thanMa 20078.953
OpenGreater thanClose76.600
Total1/5 (20.0%)
Penke

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