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Top Norwegian (OSEAX) Growth Stocks
UPDATED Aug 12, 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.
11 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 95.6% 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 (NOK327M)
Volatile share price over the past 3 months
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 79.4% 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 73.1% below our estimate of its fair value
Earnings are forecast to grow 37.07% per year
Earnings grew by 133.7% over the past year
Risks
High level of non-cash earnings
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 74.3% below our estimate of its fair value
Earnings are forecast to grow 30.32% per year
Earnings grew by 65.4% over the past year
Risks
No risks detected for NOD from our risks checks.
Nordic Halibut AS produces and sells farmed Atlantic halibut products in worldwide.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: NOHAL is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 91.4% below our estimate of its fair value
Earnings are forecast to grow 75.8% per year
Risks
Does not have a meaningful market cap (NOK735M)
Shareholders have been diluted in the past year
Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: SCATC is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Earnings are forecast to grow 61.23% per year
Risks
Significant insider selling over the past 3 months
Quantafuel ASA, a technology-based energy company, which converts plastic waste to environment friendly fuels and chemicals in Norway.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: QFUEL is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 92.9% below our estimate of its fair value
Earnings are forecast to grow 84.44% per year
Risks
Has less than 1 year of cash runway
Shareholders have been diluted in the past year
Does not have meaningful revenue (NOK14M)
Volatile share price over the past 3 months
Xplora Technologies AS, an information technology company, develops wearable smart devices and services for kids and families in Norway and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: XPLRA is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 65.9% below our estimate of its fair value
Earnings are forecast to grow 83.87% per year
Earnings have grown 14.6% per year over the past 5 years
Risks
Does not have a meaningful market cap (NOK473M)