View ValuationNorsk Titanium 향후 성장Future 기준 점검 6/6Norsk Titanium (는) 각각 연간 89.1% 및 77.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 91.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 1865% 로 예상됩니다.핵심 정보89.1%이익 성장률91.61%EPS 성장률Aerospace & Defense 이익 성장26.9%매출 성장률77.4%향후 자기자본이익률1,864.96%애널리스트 커버리지Low마지막 업데이트19 May 2026최근 향후 성장 업데이트Breakeven Date Change • May 25Forecast to breakeven in 2028The 2 analysts covering Norsk Titanium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2027. The company is expected to make a profit of US$19.0m in 2028. Average annual earnings growth of 89% is required to achieve expected profit on schedule.Breakeven Date Change • Nov 19No longer forecast to breakevenThe analyst covering Norsk Titanium no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$2.99m in 2027. New forecast suggests the company will make a loss of US$3.00m in 2027.Breakeven Date Change • Aug 21Forecast breakeven date pushed back to 2027The analyst covering Norsk Titanium previously expected the company to break even in 2026. New forecast suggests losses will reduce by 15% per year to 2026. The company is expected to make a profit of US$3.01m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule.공시 • Aug 28+ 1 more updateNorsk Titanium AS Revises Revenue Guidance for the Full Year 2024Norsk Titanium AS revised revenue guidance for the full year 2024. for the year, the company revised revenue forecast from USD 15 million to a range of USD 10 million to USD 12 million, with delays also expected to push the achievement of its USD 50 million ARR target from the end of 2024 into 2025.Breakeven Date Change • Jun 07Forecast breakeven date pushed back to 2026The 2 analysts covering Norsk Titanium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$31.6m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 04Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updatesBreakeven Date Change • May 25Forecast to breakeven in 2028The 2 analysts covering Norsk Titanium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2027. The company is expected to make a profit of US$19.0m in 2028. Average annual earnings growth of 89% is required to achieve expected profit on schedule.Board Change • May 25Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Feb 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €73.1m (US$86.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$17m net loss in 2 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$86.2m).공시 • Dec 12+ 5 more updatesNorsk Titanium AS, Annual General Meeting, May 12, 2026Norsk Titanium AS, Annual General Meeting, May 12, 2026.Breakeven Date Change • Nov 19No longer forecast to breakevenThe analyst covering Norsk Titanium no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$2.99m in 2027. New forecast suggests the company will make a loss of US$3.00m in 2027.Board Change • Nov 15Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Sep 25Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million.Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,726,800 Price\Range: NOK 1 Transaction Features: Rights OfferingNew Risk • Aug 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$6.1m net loss in 2 years).Buy Or Sell Opportunity • Aug 27Now 38% undervaluedThe stock has been flat over the last 90 days, currently trading at €0.066. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 1,578% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.Reported Earnings • Aug 25First half 2025 earnings released: US$0.08 loss per share (vs US$0.06 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.06 loss in 1H 2024). Revenue: US$1.98m (up 57% from 1H 2024). Net loss: US$40.1m (loss widened 49% from 1H 2024). Revenue is forecast to grow 90% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.공시 • Aug 22Norsk Titanium AS has filed a Follow-on Equity Offering.Norsk Titanium AS has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 133,320,621 Transaction Features: Subsequent Direct ListingNew Risk • Aug 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$32m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$6.1m net loss in 2 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€70.7m market cap, or US$82.1m).Breakeven Date Change • Aug 21Forecast breakeven date pushed back to 2027The analyst covering Norsk Titanium previously expected the company to break even in 2026. New forecast suggests losses will reduce by 15% per year to 2026. The company is expected to make a profit of US$3.01m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule.공시 • May 06Norsk Titanium AS Announces Executives AppointmentsNorsk Titanium AS at its Annual general meeting held on May 6, 2025, elected Bettina Weber and Nicole Clement as board members with an election term until the ordinary general meeting in 2027.Board Change • Apr 11Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Mar 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Mar 04Norsk Titanium AS Appoints Boyd Adams as Chief Commercial OfficerNorsk Titanium AS announced appointment of Boyd Adams as Chief Commercial Officer. Mr. Adams joins Norsk Titanium from FRISA, where he was Vice President, FRISA Aerospace/FRISA Precision. Prior to his 14-year tenure at FRISA, Mr. Adams held various roles in operations, engineering, procurement, program management and commercial with Carlton Forge a PCC Company, Rolls-Royce and Lucas Aerospace. As a member of the Norsk Titanium Leadership Team and reporting to CEO Carl Johnson, Mr. Adams will bring valuable insight into its target markets and be instrumental in guiding strategy and driving growth. As the leader of the Company’s Commercial organization, Mr. Adams will strengthen the Company’s relationships with existing customers and expand sales into new markets and new products. Mr. Adams holds a Bachelor of Science in Materials Technology, and a Diploma in Management Studies from the University of Wolverhampton and is a Chartered Engineer.Board Change • Dec 31Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Dec 10+ 5 more updatesNorsk Titanium AS, Annual General Meeting, May 06, 2025Norsk Titanium AS, Annual General Meeting, May 06, 2025.공시 • Oct 25Norsk Titanium AS to Report Q3, 2024 Results on Oct 30, 2024Norsk Titanium AS announced that they will report Q3, 2024 results at 7:30 AM, Central European Standard Time on Oct 30, 2024Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Aug 28+ 1 more updateNorsk Titanium AS Revises Revenue Guidance for the Full Year 2024Norsk Titanium AS revised revenue guidance for the full year 2024. for the year, the company revised revenue forecast from USD 15 million to a range of USD 10 million to USD 12 million, with delays also expected to push the achievement of its USD 50 million ARR target from the end of 2024 into 2025.Breakeven Date Change • Jun 07Forecast breakeven date pushed back to 2026The 2 analysts covering Norsk Titanium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$31.6m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule.공시 • May 15Norsk Titanium AS Elects Members to the Nomination CommitteeNorsk Titanium AS at the ordinary general meeting held on 14 May 2024, the following persons are elected as members of the nomination committee: Linda Helland, chairperson; Jørn Aage Johansen, member, with an election term until the ordinary general meeting in 2026.공시 • May 01Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million. Security Name: Shares Security Type: Common Stock Securities Offered: 53,703,630 Price\Range: NOK 2.5 Security Name: Shares Security Type: Common Stock Securities Offered: 34,296,370 Price\Range: NOK 2.5 Transaction Features: Subsequent Direct Listing공시 • Apr 30+ 1 more updateNorsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 27.5 million.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 27.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 11,000,000 Price\Range: NOK 2.5 Transaction Features: Rights OfferingReported Earnings • Apr 25Full year 2023 earnings released: US$0.10 loss per share (vs US$0.043 loss in FY 2022)Full year 2023 results: US$0.10 loss per share (further deteriorated from US$0.043 loss in FY 2022). Revenue: US$2.50m (up 150% from FY 2022). Net loss: US$26.7m (loss widened 185% from FY 2022). Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (€35.6m market cap, or US$38.7m).New Risk • Mar 06New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 115% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (€35.7m market cap, or US$38.9m).Breakeven Date Change • Mar 04Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.Board Change • Mar 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 22Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 188.327143 million.Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 188.327143 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 229,038,787 Price\Range: NOK 0.82225 Security Features: Attached Warrants Transaction Features: Rights Offering공시 • Jan 04Norsk Titanium AS Expands Production Capabilities for Rapid Part DevelopmentNorsk Titanium AS announced that it is expanding its rapid part development and qualification capabilities to shorten the lead-time and meet accelerated customer part verification needs. The new capabilities include heat treatment, ultrasonic non-destructive testing (NDT), finish machining operations, and coordinate measuring (CMM), and will allow for Norsk Titanium to perform all tasks needed to design, develop, and qualify parts without adding any lead time required by the supply chain. The additional capital investments have been made as part of Norsk Titanium’s continued cooperation with the State of New York. The expanded capabilities will also allow Norsk Titanium to deliver limited production rapid prototypes to customer who have urgent needs. Rapid part development and prototyping are critical capabilities needed to meet Norsk Titanium’s objective of developing a ‘part-in-a-day’ operation and transitioning the number of parts needed to meet the company’s long-term goals.공시 • Dec 13+ 2 more updatesNorsk Titanium AS, Annual General Meeting, May 14, 2024Norsk Titanium AS, Annual General Meeting, May 14, 2024.Breakeven Date Change • Dec 11Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.Board Change • Dec 11Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Dec 05Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 2.312578 billion.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 2.312578 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,812,500,000 Price(maximum): NOK 0.82225 Security Features: Attached Warrants Transaction Features: Rights Offering공시 • Nov 08Norsk Titanium AS Announces Appointment of Carl Johnson as Interim Chief Executive OfficerNorsk Titanium AS announced the appointment of its Chief Technology Officer and industry veteran Carl Johnson as Interim Chief Executive Officer effective immediately. Carl Johnson has been the Chief Technology Officer of Norsk Titanium since 2016 and has been closely involved in developing RPD, the company’s proprietary additive manufacturing process that delivers structural titanium parts to aerospace, defense and other industries. Carl was instrumental in getting the first RPD® parts on the Boeing 787 program and continues to play a leading role in the ongoing qualification efforts with Airbus and other customers. Prior to joining Norsk Titanium, Carl had a distinguished 30+ year career at Northrop Grumman a leading global aerospace and defense technology company. He is a two-time recipient of the prestigious Robert J. Collier Trophy, presented to those who have made The greatest achievement in aeronautics or astronautics in America. Carl holds a BSME from Northern Arizona State University, an MSME from Colorado State University, and an MBA from the University of California, Los Angeles.공시 • Aug 31Norsk Titanium as Revises Revenue Guidance for 2023Norsk Titanium AS revised revenue guidance for 2023. The company announced that delays in commercial deliveries to Hittech and final qualification approval from Airbus have pushed anticipated revenues from 2023 into 2024 and reduced expected revenues for 2023 below the previously published revenue range of USD 7-15 million. This delay, however, does not impact the Company's revenue target of USD 150 million in 2026.Board Change • Aug 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Dec 21Norsk Titanium AS to Report Q2, 2023 Results on Aug 30, 2023Norsk Titanium AS announced that they will report Q2, 2023 results on Aug 30, 2023이익 및 매출 성장 예측BST:84F - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281101937212/31/202757-8-9-7212/31/202613-26-25-23112/31/20253-56-31-30N/A9/30/20254-45-31-30N/A6/30/20255-34-32-30N/A3/31/20255-28-30-29N/A12/31/20244-21-28-27N/A9/30/20244-35-26-26N/A6/30/20243-48-25-24N/A3/31/20242-38-24-23N/A12/31/20232-27-22-22N/A9/30/20232-22-22-22N/A6/30/20232-17-22-21N/A3/31/20231-13-21-20N/A12/31/20221-9-20-20N/A9/30/20221-7-20-20N/A6/30/20221-5-21-21N/A3/31/20221-11-21-21N/A12/31/20211-16-21-21N/A9/30/20211-22-24-23N/A6/30/20210-29-26-24N/A3/31/20210-36-27-26N/A12/31/20200-43-28-27N/A12/31/20190-37-27-27N/A12/31/20180-32N/A-28N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 84F 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 84F (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 84F 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 84F 의 수익(연간 77.4%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 84F 의 수익(연간 77.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 84F의 자본 수익률은 3년 후 1865%로 매우 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 18:16종가2026/05/25 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Norsk Titanium AS는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Morten NormannCarnegie Investment Bank ABOrjan RodenDNB Carnegie Commissioned ResearchMarcus GavelliPareto Securities
Breakeven Date Change • May 25Forecast to breakeven in 2028The 2 analysts covering Norsk Titanium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2027. The company is expected to make a profit of US$19.0m in 2028. Average annual earnings growth of 89% is required to achieve expected profit on schedule.
Breakeven Date Change • Nov 19No longer forecast to breakevenThe analyst covering Norsk Titanium no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$2.99m in 2027. New forecast suggests the company will make a loss of US$3.00m in 2027.
Breakeven Date Change • Aug 21Forecast breakeven date pushed back to 2027The analyst covering Norsk Titanium previously expected the company to break even in 2026. New forecast suggests losses will reduce by 15% per year to 2026. The company is expected to make a profit of US$3.01m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule.
공시 • Aug 28+ 1 more updateNorsk Titanium AS Revises Revenue Guidance for the Full Year 2024Norsk Titanium AS revised revenue guidance for the full year 2024. for the year, the company revised revenue forecast from USD 15 million to a range of USD 10 million to USD 12 million, with delays also expected to push the achievement of its USD 50 million ARR target from the end of 2024 into 2025.
Breakeven Date Change • Jun 07Forecast breakeven date pushed back to 2026The 2 analysts covering Norsk Titanium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$31.6m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 04Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
Breakeven Date Change • May 25Forecast to breakeven in 2028The 2 analysts covering Norsk Titanium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2027. The company is expected to make a profit of US$19.0m in 2028. Average annual earnings growth of 89% is required to achieve expected profit on schedule.
Board Change • May 25Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Feb 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €73.1m (US$86.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$17m net loss in 2 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$86.2m).
공시 • Dec 12+ 5 more updatesNorsk Titanium AS, Annual General Meeting, May 12, 2026Norsk Titanium AS, Annual General Meeting, May 12, 2026.
Breakeven Date Change • Nov 19No longer forecast to breakevenThe analyst covering Norsk Titanium no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$2.99m in 2027. New forecast suggests the company will make a loss of US$3.00m in 2027.
Board Change • Nov 15Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Sep 25Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million.Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,726,800 Price\Range: NOK 1 Transaction Features: Rights Offering
New Risk • Aug 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$6.1m net loss in 2 years).
Buy Or Sell Opportunity • Aug 27Now 38% undervaluedThe stock has been flat over the last 90 days, currently trading at €0.066. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 1,578% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.
Reported Earnings • Aug 25First half 2025 earnings released: US$0.08 loss per share (vs US$0.06 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.06 loss in 1H 2024). Revenue: US$1.98m (up 57% from 1H 2024). Net loss: US$40.1m (loss widened 49% from 1H 2024). Revenue is forecast to grow 90% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
공시 • Aug 22Norsk Titanium AS has filed a Follow-on Equity Offering.Norsk Titanium AS has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 133,320,621 Transaction Features: Subsequent Direct Listing
New Risk • Aug 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$32m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$6.1m net loss in 2 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€70.7m market cap, or US$82.1m).
Breakeven Date Change • Aug 21Forecast breakeven date pushed back to 2027The analyst covering Norsk Titanium previously expected the company to break even in 2026. New forecast suggests losses will reduce by 15% per year to 2026. The company is expected to make a profit of US$3.01m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule.
공시 • May 06Norsk Titanium AS Announces Executives AppointmentsNorsk Titanium AS at its Annual general meeting held on May 6, 2025, elected Bettina Weber and Nicole Clement as board members with an election term until the ordinary general meeting in 2027.
Board Change • Apr 11Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Mar 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Mar 04Norsk Titanium AS Appoints Boyd Adams as Chief Commercial OfficerNorsk Titanium AS announced appointment of Boyd Adams as Chief Commercial Officer. Mr. Adams joins Norsk Titanium from FRISA, where he was Vice President, FRISA Aerospace/FRISA Precision. Prior to his 14-year tenure at FRISA, Mr. Adams held various roles in operations, engineering, procurement, program management and commercial with Carlton Forge a PCC Company, Rolls-Royce and Lucas Aerospace. As a member of the Norsk Titanium Leadership Team and reporting to CEO Carl Johnson, Mr. Adams will bring valuable insight into its target markets and be instrumental in guiding strategy and driving growth. As the leader of the Company’s Commercial organization, Mr. Adams will strengthen the Company’s relationships with existing customers and expand sales into new markets and new products. Mr. Adams holds a Bachelor of Science in Materials Technology, and a Diploma in Management Studies from the University of Wolverhampton and is a Chartered Engineer.
Board Change • Dec 31Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Dec 10+ 5 more updatesNorsk Titanium AS, Annual General Meeting, May 06, 2025Norsk Titanium AS, Annual General Meeting, May 06, 2025.
공시 • Oct 25Norsk Titanium AS to Report Q3, 2024 Results on Oct 30, 2024Norsk Titanium AS announced that they will report Q3, 2024 results at 7:30 AM, Central European Standard Time on Oct 30, 2024
Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Aug 28+ 1 more updateNorsk Titanium AS Revises Revenue Guidance for the Full Year 2024Norsk Titanium AS revised revenue guidance for the full year 2024. for the year, the company revised revenue forecast from USD 15 million to a range of USD 10 million to USD 12 million, with delays also expected to push the achievement of its USD 50 million ARR target from the end of 2024 into 2025.
Breakeven Date Change • Jun 07Forecast breakeven date pushed back to 2026The 2 analysts covering Norsk Titanium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$31.6m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule.
공시 • May 15Norsk Titanium AS Elects Members to the Nomination CommitteeNorsk Titanium AS at the ordinary general meeting held on 14 May 2024, the following persons are elected as members of the nomination committee: Linda Helland, chairperson; Jørn Aage Johansen, member, with an election term until the ordinary general meeting in 2026.
공시 • May 01Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million. Security Name: Shares Security Type: Common Stock Securities Offered: 53,703,630 Price\Range: NOK 2.5 Security Name: Shares Security Type: Common Stock Securities Offered: 34,296,370 Price\Range: NOK 2.5 Transaction Features: Subsequent Direct Listing
공시 • Apr 30+ 1 more updateNorsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 27.5 million.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 27.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 11,000,000 Price\Range: NOK 2.5 Transaction Features: Rights Offering
Reported Earnings • Apr 25Full year 2023 earnings released: US$0.10 loss per share (vs US$0.043 loss in FY 2022)Full year 2023 results: US$0.10 loss per share (further deteriorated from US$0.043 loss in FY 2022). Revenue: US$2.50m (up 150% from FY 2022). Net loss: US$26.7m (loss widened 185% from FY 2022). Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.
Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (€35.6m market cap, or US$38.7m).
New Risk • Mar 06New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 115% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (€35.7m market cap, or US$38.9m).
Breakeven Date Change • Mar 04Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
Board Change • Mar 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 22Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 188.327143 million.Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 188.327143 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 229,038,787 Price\Range: NOK 0.82225 Security Features: Attached Warrants Transaction Features: Rights Offering
공시 • Jan 04Norsk Titanium AS Expands Production Capabilities for Rapid Part DevelopmentNorsk Titanium AS announced that it is expanding its rapid part development and qualification capabilities to shorten the lead-time and meet accelerated customer part verification needs. The new capabilities include heat treatment, ultrasonic non-destructive testing (NDT), finish machining operations, and coordinate measuring (CMM), and will allow for Norsk Titanium to perform all tasks needed to design, develop, and qualify parts without adding any lead time required by the supply chain. The additional capital investments have been made as part of Norsk Titanium’s continued cooperation with the State of New York. The expanded capabilities will also allow Norsk Titanium to deliver limited production rapid prototypes to customer who have urgent needs. Rapid part development and prototyping are critical capabilities needed to meet Norsk Titanium’s objective of developing a ‘part-in-a-day’ operation and transitioning the number of parts needed to meet the company’s long-term goals.
공시 • Dec 13+ 2 more updatesNorsk Titanium AS, Annual General Meeting, May 14, 2024Norsk Titanium AS, Annual General Meeting, May 14, 2024.
Breakeven Date Change • Dec 11Forecast to breakeven in 2025The analyst covering Norsk Titanium expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.11m in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
Board Change • Dec 11Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Dec 05Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 2.312578 billion.Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 2.312578 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,812,500,000 Price(maximum): NOK 0.82225 Security Features: Attached Warrants Transaction Features: Rights Offering
공시 • Nov 08Norsk Titanium AS Announces Appointment of Carl Johnson as Interim Chief Executive OfficerNorsk Titanium AS announced the appointment of its Chief Technology Officer and industry veteran Carl Johnson as Interim Chief Executive Officer effective immediately. Carl Johnson has been the Chief Technology Officer of Norsk Titanium since 2016 and has been closely involved in developing RPD, the company’s proprietary additive manufacturing process that delivers structural titanium parts to aerospace, defense and other industries. Carl was instrumental in getting the first RPD® parts on the Boeing 787 program and continues to play a leading role in the ongoing qualification efforts with Airbus and other customers. Prior to joining Norsk Titanium, Carl had a distinguished 30+ year career at Northrop Grumman a leading global aerospace and defense technology company. He is a two-time recipient of the prestigious Robert J. Collier Trophy, presented to those who have made The greatest achievement in aeronautics or astronautics in America. Carl holds a BSME from Northern Arizona State University, an MSME from Colorado State University, and an MBA from the University of California, Los Angeles.
공시 • Aug 31Norsk Titanium as Revises Revenue Guidance for 2023Norsk Titanium AS revised revenue guidance for 2023. The company announced that delays in commercial deliveries to Hittech and final qualification approval from Airbus have pushed anticipated revenues from 2023 into 2024 and reduced expected revenues for 2023 below the previously published revenue range of USD 7-15 million. This delay, however, does not impact the Company's revenue target of USD 150 million in 2026.
Board Change • Aug 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Dec 21Norsk Titanium AS to Report Q2, 2023 Results on Aug 30, 2023Norsk Titanium AS announced that they will report Q2, 2023 results on Aug 30, 2023