- Investing Ideas
- /
- Top Growth Stocks
Top Norwegian (OSEAX) Growth Stocks
UPDATED Jun 29, 2022
What are the best Norwegian (OSEAX) Growth Stocks?
According to our Simply Wall St analysis these are the best Norwegian growth companies. We look for companies with high forecasted growth and healthy balance sheets that can deliver sustained growth over the long term.
Our criteria to find Top Growth Companies
Growth
- Companies with sustained revenue growth that outperforms the market are attractive to investors. These companies are most likely to appreciate in share price over time.
What do we look for?
- Is the company forecast to have high earnings growth.
Healthy Balance Sheet
- A healthy balance sheet is essential to drive growth opportunities and sustain the business.
- Repayments on debt take precedence over other initiatives to improve shareholder returns, so investors want to make sure the company is comfortably positioned to cover its debts.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
17 companies meet this criteria in the Norwegian market
M Vest Water AS, an environmental technology company, provides solutions for water and wastewater treatment.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: MVW is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 95.9% below our estimate of its fair value
Earnings are forecast to grow 84.49% per year
Risks
Makes less than USD$1m in revenue (NOK674K)
Does not have a meaningful market cap (NOK283M)
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: HDLY is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 78.5% below our estimate of its fair value
Earnings are forecast to grow 78.41% per year
Risks
No risks detected for HDLY from our risks checks.
Smartoptics Group AS provides optical networking solutions and devices in Norway.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: SMOP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 76.5% below our estimate of its fair value
Earnings are forecast to grow 39.91% per year
Earnings grew by 83.7% over the past year
Risks
High level of non-cash earnings
Photocure ASA, a specialty pharmaceutical company, engages in the research, development, production, distribution, marketing, and sale of pharmaceutical products in Nordic countries, Germany, France, Austria, the United Kingdom, the Netherlands, Italy, other European Countries, and the United States.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: PHO is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 76.3% below our estimate of its fair value
Earnings are forecast to grow 105.32% per year
Risks
No risks detected for PHO from our risks checks.
Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, markets, and sells integrated circuits and related solutions for short-and long-range wireless applications in Europe, the Americas, and the Asia/Pacific.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: NOD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 77.8% below our estimate of its fair value
Earnings are forecast to grow 32.25% per year
Earnings have grown 59.9% per year over the past 5 years
Risks
No risks detected for NOD from our risks checks.
Zwipe AS provides biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints in Norway and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: ZWIPE is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 94.9% below our estimate of its fair value
Earnings are forecast to grow 87.23% per year
Risks
Highly volatile share price over the past 3 months
Makes less than USD$1m in revenue (NOK2M)
Does not have a meaningful market cap (NOK346M)
ABL Group ASA, an investment holding company, provides marine and engineering consultancy services to the offshore oil and gas industry and offshore renewables market worldwide.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: ABL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 74.4% below our estimate of its fair value
Earnings are forecast to grow 35.16% per year
Became profitable this year
Risks
No risks detected for ABL from our risks checks.
Protector Forsikring ASA, a general insurance company, provides various insurance products to the commercial and public sectors, and the affinity insurance markets in Norway, Denmark, Sweden, the United Kingdom, and Finland.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: PROT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 33.2% below our estimate of its fair value
Earnings are forecast to grow 24.15% per year
Risks
Shareholders have been diluted in the past year
Significant insider selling over the past 3 months
Profit margins (11.4%) are lower than last year (26.5%)