Norsk Hydro (BRSE:NHY) - Stock Price, News & Analysis

NHY Stock Overview

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide.

About the company

NHY fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 55.9% below our estimate of its fair value

Earnings are forecast to grow 47.77% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 4.04% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Profit margins (0.1%) are lower than last year (6.8%)

Norsk Hydro ASA Competitors

SIG Group

SWX:SIGN

CHF 6.6b

EMS-CHEMIE HOLDING

SWX:EMSN

CHF 15.7b

Clariant

SWX:CLN

CHF 3.9b

Sika

SWX:SIKA

CHF 43.3b

Price History & Performance

Summary of all time highs, changes and price drops for Norsk Hydro
Historical stock prices
Current Share Price	NOK 7.50
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	1.25
11 Month Change	0%
3 Month Change	0%
1 Year Change	0%
33 Year Change	134.38%
5 Year Change	114.29%
Change since IPO	-96.10%

Recent updates

Shareholder Returns

	NHY	CH Metals and Mining	CH Market
7D	0%	1.5%	-0.5%
1Y	0%	-5.7%	5.8%

Return vs Industry: NHY exceeded the Swiss Metals and Mining industry which returned -5.7% over the past year.

Return vs Market: NHY underperformed the Swiss Market which returned 5.8% over the past year.

Price Volatility

Is NHY's price volatile compared to industry and market?
NHY volatility
NHY Average Weekly Movement	0%
Metals and Mining Industry Average Movement	5.6%
Market Average Movement	3.5%
10% most volatile stocks in CH Market	7.0%
10% least volatile stocks in CH Market	1.6%

Stable Share Price: NHY has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine NHY's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1905	32,436	Eivind Kallevik	www.hydro.com

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments. The Hydro Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

Norsk Hydro ASA Fundamentals Summary

How do Norsk Hydro's earnings and revenue compare to its market cap?
NHY fundamental statistics
Market cap	CHF 9.98b
Earnings (TTM)	CHF 15.45m
Revenue (TTM)	CHF 15.36b

645.9x

P/E Ratio

0.6x

P/S Ratio

Is NHY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NHY income statement (TTM)
Revenue	NOK 189.95b
Cost of Revenue	NOK 123.57b
Gross Profit	NOK 66.38b
Other Expenses	NOK 66.19b
Earnings	NOK 191.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 24, 2024

Earnings per share (EPS)	0.096
Gross Margin	34.94%
Net Profit Margin	0.10%
Debt/Equity Ratio	37.7%

How did NHY perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

2,636%

Payout Ratio

NHY Stock Overview

Rewards

Risk Analysis

Norsk Hydro ASA Competitors

SWX:SIGN

CHF 6.6b

SWX:EMSN

CHF 15.7b

SWX:CLN

CHF 3.9b

SWX:SIKA

CHF 43.3b

Price History & Performance

Recent News & Updates

. Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.98% of its issued share capital, for NOK 109.8 million, under the authorization approved on May 7, 2024.

Norsk Hydro ASA (OB:NHY) exercised the option to acquire an additional 20% stake in Vianode AS from Altor Fund V AB managed by Altor Equity Partners AB.

Second quarter 2024 earnings released: EPS: kr1.07 (vs kr2.56 in 2Q 2023)

Norsk Hydro ASA to Report Q1, 2025 Results on Apr 29, 2025

Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management Inc. acquired 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY).

Norsk Hydro Asa Announces Board Appointments

Recent updates

. Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.98% of its issued share capital, for NOK 109.8 million, under the authorization approved on May 7, 2024.

Norsk Hydro ASA (OB:NHY) exercised the option to acquire an additional 20% stake in Vianode AS from Altor Fund V AB managed by Altor Equity Partners AB.

Second quarter 2024 earnings released: EPS: kr1.07 (vs kr2.56 in 2Q 2023)

Norsk Hydro ASA to Report Q1, 2025 Results on Apr 29, 2025

Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management Inc. acquired 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY).

Norsk Hydro Asa Announces Board Appointments

First quarter 2024 earnings released: EPS: kr0.62 (vs kr0.62 in 1Q 2023)

VE Invest UAB agreed to acquire Fabrication Plant in Kaunas, Lithuania from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces CFO Changes

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Dividend of kr2.50 announced

Full year 2023 earnings released: EPS: kr1.77 (vs kr11.76 in FY 2022)

Norsk Hydro ASA Proposes Dividend for the Financial Year 2023, Payable on 21 May 2024

Third quarter 2023 earnings released: kr0.18 loss per share (vs kr3.34 profit in 3Q 2022)

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: kr2.56 (vs kr5.50 in 2Q 2022)

New major risk - Revenue and earnings growth

Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023

Upcoming dividend of kr5.65 per share at 7.5% yield

Norsk Hydro ASA Proposes Dividend for the Financial Year 2022, Payable on 23 May 2023

Full year 2022 earnings released: EPS: kr11.76 (vs kr5.92 in FY 2021)

Less than half of directors are independent

Norsk Hydro ASA (OB:NHY) signed an agreement to acquire Hueck Industrie Holding KG for an enterprise value of €60.3 million.

Norsk Hydro ASA (OB:NHY) announces an Equity Buyback for NOK 2,000 million worth of its shares, under the authorization approved on September 20, 2022.

Norsk Hydro ASA Announces Executive Changes

Norsk Hydro ASA Approves Additional Dividend, Payable on September 30, 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Norsk Hydro ASA, Annual General Meeting, May 10, 2023

Norsk Hydro ASA Proposes Additional Cash Dividend on Basis of Financial Statements for the Financial Year 2021, Payable on 30 September 2022

Norsk Hydro ASA Announces Slovalco Will Stop Primary Aluminium Production

Second quarter 2022 earnings released: EPS: kr5.50 (vs kr1.06 in 2Q 2021)

Norsk Hydro ASA Announces Resignation of Helena Nonka as Executive Vice President, Corporate Development

Less than half of directors are independent

Norsk Hydro ASA Approves Dividend, Payable on May 20, 2022

Norsk Hydro ASA Announces Special Dividend, Payable on May 11, 2022

Norsk Hydro ASA Provides Update on Power Failure at Albras Causes Shutdown of 25% of Capacity

Power Failure at Albras Causes Shutdown of 25% of Capacity of Norsk Hydro

Norsk Hydro ASA to Discontinue the Corporate Assembly

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS kr0.50 (vs kr0.11 loss in 3Q 2020)

AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) completed the acquisition of Hydro Precision Tubing Lichtervelde from Norsk Hydro ASA (OB:NHY).

Second quarter 2021 earnings released: EPS kr1.06 (vs kr0.62 loss in 2Q 2020)

Second quarter 2021 earnings released: EPS kr1.06 (vs kr0.62 loss in 2Q 2020)

KPS Capital Partners, LP completed the acquisition of HARP GmbH and HARP AS from Norsk Hydro ASA.

Executive VP of Communication & Public Affairs and Member of Corporate Management Board has left the company

Upcoming dividend of kr1.25 per share

Norsk Hydro ASA Announces Management Changes

Revenue beats expectations

Full year 2020 earnings released: EPS kr0.90 (vs kr0.89 loss in FY 2019)

Norsk Hydro ASA Proposes Dividend for the Fiscal Year 2020 to Be Paid in May 2021

KPS Capital Partners, LP entered into a definitive agreement to acquire HARP GmbH and HARP AS from Norsk Hydro ASA for €1.4 billion.

Norsk Hydro Appoints Helena Nonka EVP Corporate Development

Full year 2020 earnings released: EPS kr1.83 (vs kr0.89 loss in FY 2019)

Revenue beats expectations