Norconsult ASA

OB:NORCO Stock Report

Market Cap: NOK 10.7b

Norconsult Future Growth

Future criteria checks 4/6

Norconsult is forecast to grow earnings and revenue by 18.2% and 3% per annum respectively. EPS is expected to grow by 17.1% per annum. Return on equity is forecast to be 25.7% in 3 years.

Key information

18.2%

Earnings growth rate

17.08%

EPS growth rate

Construction earnings growth10.8%
Revenue growth rate3.0%
Future return on equity25.67%
Analyst coverage

Low

Last updated13 May 2026

Recent future growth updates

Analysis Article May 15

Earnings Miss: Norconsult ASA Missed EPS By 8.8% And Analysts Are Revising Their Forecasts

Norconsult ASA ( OB:NORCO ) shareholders are probably feeling a little disappointed, since its shares fell 5.5% to...
Analysis Article Aug 23

Norconsult ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Norconsult ASA ( OB:NORCO ) investors will be delighted, with the company turning in some strong numbers with its...
Analysis Article May 18

Revenue Beat: Norconsult ASA Exceeded Revenue Forecasts By 10% And Analysts Are Updating Their Estimates

Norconsult ASA ( OB:NORCO ) just released its latest quarterly results and things are looking bullish. It was a...

Recent updates

Narrative Update Jun 01

NORCO: Hydropower Advisory Win And Dividend Plan Will Support Future Upside

Analysts have trimmed their price target for Norconsult to about NOK45.30 from NOK51.50. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.
Analysis Article May 15

Earnings Miss: Norconsult ASA Missed EPS By 8.8% And Analysts Are Revising Their Forecasts

Norconsult ASA ( OB:NORCO ) shareholders are probably feeling a little disappointed, since its shares fell 5.5% to...
Analysis Article Feb 15

Norconsult (OB:NORCO) Has Announced That It Will Be Increasing Its Dividend To NOK1.80

The board of Norconsult ASA ( OB:NORCO ) has announced that it will be paying its dividend of NOK1.80 on the 1st of...
Narrative Update Aug 27

Expanding Infrastructure And Renewable Energy Will Shape Future Markets

A higher net profit margin and a slightly increased future P/E multiple have supported an upward revision in Norconsult’s consensus analyst price target from NOK49.17 to NOK51.50. What's in the News Norconsult was selected by HENT to provide major engineering consultancy services for the construction of NRK's new media house in Oslo, a NOK 100 million contract, with completion expected by 2029.
Analysis Article Aug 23

Norconsult ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Norconsult ASA ( OB:NORCO ) investors will be delighted, with the company turning in some strong numbers with its...
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New Narrative Aug 11

Expanding Infrastructure And Renewable Energy Will Shape Future Markets

Strategic expansion in renewables, infrastructure, and targeted acquisitions strengthens Norconsult's market position, geographic reach, and long-term revenue stability.
Analysis Article May 23

Norconsult's (OB:NORCO) Strong Earnings Are Of Good Quality

Norconsult ASA ( OB:NORCO ) just reported healthy earnings but the stock price didn't move much. We think that...
Analysis Article May 18

Revenue Beat: Norconsult ASA Exceeded Revenue Forecasts By 10% And Analysts Are Updating Their Estimates

Norconsult ASA ( OB:NORCO ) just released its latest quarterly results and things are looking bullish. It was a...
Analysis Article Nov 21

There May Be Some Bright Spots In Norconsult's (OB:NORCO) Earnings

Soft earnings didn't appear to concern Norconsult ASA's ( OB:NORCO ) shareholders over the last week. Our analysis...
Analysis Article Oct 12

Is Norconsult ASA (OB:NORCO) Trading At A 33% Discount?

Key Insights Norconsult's estimated fair value is kr55.69 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article May 22

There May Be Some Bright Spots In Norconsult's (OB:NORCO) Earnings

Shareholders appeared unconcerned with Norconsult ASA's ( OB:NORCO ) lackluster earnings report last week. We did some...

Earnings and Revenue Growth Forecasts

OB:NORCO - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202812,6769251,4671,5933
12/31/202712,0408631,3461,4643
12/31/202611,2876211,2561,3643
3/31/202611,8885871,2611,365N/A
12/31/202511,4116511,0031,123N/A
9/30/202511,0767051,0311,177N/A
6/30/202510,8056241,0061,154N/A
3/31/202510,7316501,1171,260N/A
12/31/202410,4184961,3831,497N/A
9/30/202410,2273679671,050N/A
6/30/20249,9463961,0791,155N/A
3/31/20249,596336769847N/A
12/31/20239,574516840922N/A
9/30/20239,277502868965N/A
6/30/20239,075504877982N/A
3/31/20238,874581898995N/A
12/31/20228,424454842941N/A
12/31/20217,422342850919N/A
12/31/20206,932298655717N/A
12/31/20196,289333N/A498N/A
12/31/20185,326746N/A473N/A
12/31/20174,624263N/AN/AN/A
12/31/20164,236232N/AN/AN/A
12/31/20153,975223N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NORCO's forecast earnings growth (18.2% per year) is above the savings rate (3.3%).

Earnings vs Market: NORCO's earnings (18.2% per year) are forecast to grow faster than the Norwegian market (10% per year).

High Growth Earnings: NORCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: NORCO's revenue (3% per year) is forecast to grow faster than the Norwegian market (2.3% per year).

High Growth Revenue: NORCO's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NORCO's Return on Equity is forecast to be high in 3 years time (25.7%)


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 06:53
End of Day Share Price 2026/06/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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

Norconsult ASA is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Johan StrömCarnegie Investment Bank AB
Simen MortensenDNB Carnegie