Top Norwegian (OSEAX) Growth Stocks

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

See Full Stock Report

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

View all Risks and Rewards

Huddly AS, a technology company, creates tools for team collaboration in Norway.

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

See Full Stock Report

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.

View all Risks and Rewards

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

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

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.

View all Risks and Rewards

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

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

Rewards

  • Earnings are forecast to grow 61.23% per year

Risks

  • Significant insider selling over the past 3 months

View all Risks and Rewards

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

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

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)

View all Risks and Rewards
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