Norsk Hydro (NHY) Stock Overview
Engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 1/6 |
NHY Community Fair Values
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Analyst Price Targets
Norsk Hydro ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 101.85 |
| 52 Week High | NOK 120.40 |
| 52 Week Low | NOK 54.98 |
| Beta | 0.69 |
| 1 Month Change | -4.95% |
| 3 Month Change | 18.54% |
| 1 Year Change | 83.32% |
| 3 Year Change | 63.43% |
| 5 Year Change | 84.38% |
| Change since IPO | 261.17% |
Recent News & Updates
Narrative Update • Jun 16
NHY: Mixed Rating Shifts And Dividend Plans Will Shape Future Risk Reward
Analysts have lifted the fair value estimate for Norsk Hydro to NOK 108.29 from NOK 104.18, broadly in line with recent Street price target increases into the NOK 110 to NOK 120 range and reflecting updated assumptions around discount rates, profit margins and forward P/E multiples. Analyst Commentary Recent Street research on Norsk Hydro points to a mixed but relatively balanced view, with several price targets in the NOK 110 to NOK 120 range and a cluster of Hold or Neutral ratings around the current valuation.
Narrative Update • Jun 02
NHY: Future Aluminum Price Optimism Will Likely Outrun Earnings Delivery Risks
The analyst fair value estimate for Norsk Hydro has been revised from NOK 50.26 to NOK 69.52. Analysts cite a series of recent price target increases, upgrades and conviction list additions as they factor in updated expectations for revenue growth, profit margins and a higher future P/E multiple.
Narrative Update • May 16
NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating
Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.Narrative Update • May 02
NHY: Mixed Ratings And Restructuring Actions Will Shape Future Risk Reward Balance
The updated analyst price target for Norsk Hydro has moved higher to NOK 104.18 from NOK 82.63. This reflects a recalibration of expectations as analysts weigh recent mixed rating changes against revised assumptions for revenue growth, profit margins and future P/E levels.Narrative Update • Apr 18
NHY: Extrusion Restructuring And Dividend Policy Will Support Future Re-Rating
Analysts have lifted the fair value estimate for Norsk Hydro from NOK 120 to about NOK 139. This reflects updated assumptions for higher revenue growth and profit margins, even as recent research shows a mix of upgraded price targets and fresh downgrades on concerns around downstream recovery and demand headwinds.Recent updates
Narrative Update • Jun 16
NHY: Mixed Rating Shifts And Dividend Plans Will Shape Future Risk Reward
Analysts have lifted the fair value estimate for Norsk Hydro to NOK 108.29 from NOK 104.18, broadly in line with recent Street price target increases into the NOK 110 to NOK 120 range and reflecting updated assumptions around discount rates, profit margins and forward P/E multiples. Analyst Commentary Recent Street research on Norsk Hydro points to a mixed but relatively balanced view, with several price targets in the NOK 110 to NOK 120 range and a cluster of Hold or Neutral ratings around the current valuation.Narrative Update • Jun 02
NHY: Future Aluminum Price Optimism Will Likely Outrun Earnings Delivery Risks
The analyst fair value estimate for Norsk Hydro has been revised from NOK 50.26 to NOK 69.52. Analysts cite a series of recent price target increases, upgrades and conviction list additions as they factor in updated expectations for revenue growth, profit margins and a higher future P/E multiple.Narrative Update • May 16
NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating
Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.Narrative Update • May 02
NHY: Mixed Ratings And Restructuring Actions Will Shape Future Risk Reward Balance
The updated analyst price target for Norsk Hydro has moved higher to NOK 104.18 from NOK 82.63. This reflects a recalibration of expectations as analysts weigh recent mixed rating changes against revised assumptions for revenue growth, profit margins and future P/E levels.Narrative Update • Apr 18
NHY: Extrusion Restructuring And Dividend Policy Will Support Future Re-Rating
Analysts have lifted the fair value estimate for Norsk Hydro from NOK 120 to about NOK 139. This reflects updated assumptions for higher revenue growth and profit margins, even as recent research shows a mix of upgraded price targets and fresh downgrades on concerns around downstream recovery and demand headwinds.Narrative Update • Apr 03
NHY: Extrusion Restructuring And Dividend Will Support Higher Future Earnings Multiples
Norsk Hydro's updated fair value estimate moves to NOK 120 from NOK 110, as analysts factor in slightly higher assumed revenue growth, modestly stronger profit margins, a lower discount rate, and a higher future P/E multiple, supported by a recent series of price target increases and rating upgrades across the Street. Analyst Commentary Recent research on Norsk Hydro shows a mixed set of opinions, but there has been a clear cluster of more constructive views alongside the latest fair value update.Narrative Update • Mar 20
NHY: Extrusion Restructuring And Dividend Plans Will Support Higher Future Earnings Multiples
Norsk Hydro’s analyst fair value estimate has been raised from NOK 102.0 to NOK 110.0, reflecting updated views on revenue growth, profit margins and forward P/E after a mix of recent target hikes and rating changes across the Street. Analyst Commentary Recent Street research on Norsk Hydro shows a split view, but with a clear cluster of bullish analysts lifting price targets and ratings as they reassess the company’s earnings power and valuation.Narrative Update • Mar 06
NHY: Restructuring And Upstream Exposure Will Shape Balanced Returns Ahead
The updated analyst price target for Norsk Hydro moves to NOK 82.63 from NOK 79.25, with the change broadly supported by recent Street research. Several firms increased their NOK-based targets, while others flagged demand and downstream recovery risks.Narrative Update • Feb 20
NHY: Extrusion Restructuring And Dividend Plans Will Support Future Earnings Multiples
Analysts have raised their fair value estimate for Norsk Hydro from NOK 99 to NOK 102. This reflects updated assumptions for revenue growth, margins and a lower future P/E, even as several recent broker downgrades highlight concerns around demand, currency and the pace of downstream recovery.Narrative Update • Feb 06
NHY: Restructuring And Hydropower Expansion Will Support Higher Future Earnings Multiples
Norsk Hydro's analyst price target has moved up to NOK 99. Analysts point to updated assumptions for the discount rate, revenue trajectory, profit margins and future P/E expectations to support the new level.Narrative Update • Jan 23
NHY: Restructuring And Hydropower Investment Will Shape Balanced Returns Ahead
Narrative Update Analysts have lifted their implied fair value estimate for Norsk Hydro from NOK 74.13 to NOK 79.25, reflecting higher Street price targets in the NOK 75 to NOK 99 range and updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Street research on Norsk Hydro has leaned constructive in recent months, with several firms adjusting their price targets upward into the NOK 75 to NOK 99 range.Narrative Update • Jan 09
NHY: Restructuring And Hydropower Expansion Are Expected To Support Higher Multiples
Narrative Update The analyst price target for Norsk Hydro has moved to NOK 99 from NOK 79. Analysts attribute this change to updated views on long-term fair value, margins and future P/E support, as reflected in recent target increases across the Street.Narrative Update • Dec 25
NHY: Rising Aluminum Price Hopes Will Likely Prove Overly Optimistic
The analyst fair value estimate for Norsk Hydro has been raised from approximately NOK 46.0 to NOK 50.3. This change reflects analysts' upward revisions to price targets following continued Overweight and Outperform ratings, as well as a stronger outlook for profitability despite modestly weaker revenue growth assumptions. Analyst Commentary Recent research updates have generally reflected a constructive stance on Norsk Hydro, with multiple price target increases signalling confidence in the companys earnings resilience and balance sheet strength.Narrative Update • Dec 11
NHY: Cost Cuts And Hydropower Expansion Will Drive Balanced Returns Ahead
Norsk Hydro's analyst fair value estimate has been lifted to about NOK 74 from roughly NOK 72, as analysts point to a series of recent price target hikes across major banks. These reflect slightly stronger profit margin expectations and more supportive forward valuation multiples, despite modestly weaker revenue growth assumptions.Narrative Update • Nov 27
NHY: Cost Reductions And Power Investment Will Define Fair Performance Ahead
Norsk Hydro’s analyst price target has risen by NOK 2 to NOK 72.13, as analysts cite improved forecasts for fair value and revenue growth as the main drivers behind this update. Analyst Commentary Recent adjustments to Norsk Hydro’s price target reflect a mix of bullish optimism and cautious perspectives among market analysts.Analysis Article • Nov 15
Subdued Growth No Barrier To Norsk Hydro ASA's (OB:NHY) Price
With a median price-to-sales (or "P/S") ratio of close to 0.7x in the Metals and Mining industry in Norway, you could...Narrative Update • Nov 05
NHY: Future Cost Cuts and Margin Resilience Are Set to Shape Performance
The consensus analyst price target for Norsk Hydro has increased slightly from NOK 69 to approximately NOK 70.13. This change reflects updated expectations for the company's profit margins and ongoing positive sentiment from recent analyst reviews.Narrative Update • Oct 22
Analysts Raise Norsk Hydro Price Targets Amid Cost Cuts and Improved Profit Outlook
The analyst fair value estimate for Norsk Hydro has increased from NOK 66.87 to NOK 69.00. This change reflects analysts' improved outlook following multiple recent upward price target revisions by major firms.Narrative Update • Oct 08
Sustainable Metals Demand Will Transform Future Industry Landscape
The analyst price target for Norsk Hydro has increased modestly, with the consensus fair value estimate rising from NOK 65.93 to NOK 66.87. Analysts cite slightly improved profit margins and recent upward price target revisions despite lingering market uncertainty.Analysis Article • Aug 08
Why The 30% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention
OB:NHY 1 Year Share Price vs Fair Value Explore Norsk Hydro's Fair Values from the Community and select yours To find a...Analysis Article • Jun 30
Norsk Hydro ASA's (OB:NHY) P/E Is On The Mark
With a median price-to-earnings (or "P/E") ratio of close to 13x in Norway, you could be forgiven for feeling...
New Narrative • Nov 13
Hydro's Renewable Pivot And Strategic Partnerships Power Greener Growth And Profitability
Execution of renewable projects and recycling focus positions Hydro for revenue growth by diversifying energy sources and capturing premium markets.Shareholder Returns
| NHY | NO Metals and Mining | NO Market | |
|---|---|---|---|
| 7D | -7.2% | -4.7% | -0.9% |
| 1Y | 83.3% | 90.7% | 10.6% |
Return vs Industry: NHY underperformed the Norwegian Metals and Mining industry which returned 94.7% over the past year.
Return vs Market: NHY exceeded the Norwegian Market which returned 8.7% over the past year.
Price Volatility
| NHY volatility | |
|---|---|
| NHY Average Weekly Movement | 5.4% |
| Metals and Mining Industry Average Movement | 7.5% |
| Market Average Movement | 5.3% |
| 10% most volatile stocks in NO Market | 10.8% |
| 10% least volatile stocks in NO Market | 3.1% |
Stable Share Price: NHY has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: NHY's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1905 | 32,786 | Eivind Kallevik | www.hydro.com |
Norsk Hydro ASA engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide. The company operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments. The Hydro Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.
Norsk Hydro ASA Fundamentals Summary
| NHY fundamental statistics | |
|---|---|
| Market cap | NOK 199.97b |
| Earnings (TTM) | NOK 6.12b |
| Revenue (TTM) | NOK 201.27b |
32.7x
P/E Ratio1.0x
P/S RatioIs NHY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NHY income statement (TTM) | |
|---|---|
| Revenue | NOK 201.27b |
| Cost of Revenue | NOK 130.32b |
| Gross Profit | NOK 70.95b |
| Other Expenses | NOK 64.83b |
| Earnings | NOK 6.12b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 22, 2026
| Earnings per share (EPS) | 3.11 |
| Gross Margin | 35.25% |
| Net Profit Margin | 3.04% |
| Debt/Equity Ratio | 30.7% |
How did NHY perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield96%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 06:46 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Norsk Hydro ASA is covered by 34 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Amos Fletcher | Barclays |
| Charlie Clark | Berenberg |