AF Gruppen ASA

OB:AFG Stock Report

Market Cap: NOK 17.5b

AF Gruppen Past Earnings Performance

Past criteria checks 1/6

AF Gruppen's earnings have been declining at an average annual rate of -10.6%, while the Construction industry saw earnings growing at 6.2% annually. Revenues have been growing at an average rate of 6.2% per year. AF Gruppen's return on equity is 18.9%, and it has net margins of 1.7%.

Key information

-10.6%

Earnings growth rate

-12.0%

EPS growth rate

Construction Industry Growth1.5%
Revenue growth rate6.2%
Return on equity18.9%
Net Margin1.7%
Next Earnings Update14 Feb 2025

Recent past performance updates

AF Gruppen's (OB:AFG) Conservative Accounting Might Explain Soft Earnings

Sep 07
AF Gruppen's (OB:AFG) Conservative Accounting Might Explain Soft Earnings

There May Be Some Bright Spots In AF Gruppen's (OB:AFG) Earnings

Feb 22
There May Be Some Bright Spots In AF Gruppen's (OB:AFG) Earnings

Recent updates

AF Gruppen ASA's (OB:AFG) P/E Is On The Mark

Nov 14
AF Gruppen ASA's (OB:AFG) P/E Is On The Mark

Is AF Gruppen (OB:AFG) A Risky Investment?

Oct 24
Is AF Gruppen (OB:AFG) A Risky Investment?

AF Gruppen's (OB:AFG) Conservative Accounting Might Explain Soft Earnings

Sep 07
AF Gruppen's (OB:AFG) Conservative Accounting Might Explain Soft Earnings

A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)

Aug 31
A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)

Is AF Gruppen (OB:AFG) Using Too Much Debt?

Jul 17
Is AF Gruppen (OB:AFG) Using Too Much Debt?

AF Gruppen (OB:AFG) Has Announced That Its Dividend Will Be Reduced To NOK3.50

May 12
AF Gruppen (OB:AFG) Has Announced That Its Dividend Will Be Reduced To NOK3.50

Why Investors Shouldn't Be Surprised By AF Gruppen ASA's (OB:AFG) P/E

May 11
Why Investors Shouldn't Be Surprised By AF Gruppen ASA's (OB:AFG) P/E

AF Gruppen (OB:AFG) Is Reducing Its Dividend To NOK3.50

Apr 25
AF Gruppen (OB:AFG) Is Reducing Its Dividend To NOK3.50

A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)

Mar 18
A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)

AF Gruppen (OB:AFG) Will Pay A Smaller Dividend Than Last Year

Feb 27
AF Gruppen (OB:AFG) Will Pay A Smaller Dividend Than Last Year

There May Be Some Bright Spots In AF Gruppen's (OB:AFG) Earnings

Feb 22
There May Be Some Bright Spots In AF Gruppen's (OB:AFG) Earnings

Earnings Miss: AF Gruppen ASA Missed EPS By 44% And Analysts Are Revising Their Forecasts

Feb 18
Earnings Miss: AF Gruppen ASA Missed EPS By 44% And Analysts Are Revising Their Forecasts

Be Wary Of AF Gruppen (OB:AFG) And Its Returns On Capital

Feb 13
Be Wary Of AF Gruppen (OB:AFG) And Its Returns On Capital

Some Confidence Is Lacking In AF Gruppen ASA's (OB:AFG) P/E

Dec 29
Some Confidence Is Lacking In AF Gruppen ASA's (OB:AFG) P/E

Is AF Gruppen (OB:AFG) A Risky Investment?

Sep 22
Is AF Gruppen (OB:AFG) A Risky Investment?

These 4 Measures Indicate That AF Gruppen (OB:AFG) Is Using Debt Reasonably Well

Jun 20
These 4 Measures Indicate That AF Gruppen (OB:AFG) Is Using Debt Reasonably Well

AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50

May 06
AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50

AF Gruppen (OB:AFG) Has Announced A Dividend Of NOK6.50

Apr 05
AF Gruppen (OB:AFG) Has Announced A Dividend Of NOK6.50

A Look At The Fair Value Of AF Gruppen ASA (OB:AFG)

Apr 02
A Look At The Fair Value Of AF Gruppen ASA (OB:AFG)

AF Gruppen (OB:AFG) Has A Pretty Healthy Balance Sheet

Mar 14
AF Gruppen (OB:AFG) Has A Pretty Healthy Balance Sheet

AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50

Feb 13
AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50

Why You Should Care About AF Gruppen's (OB:AFG) Strong Returns On Capital

Feb 03
Why You Should Care About AF Gruppen's (OB:AFG) Strong Returns On Capital

AF Gruppen (OB:AFG) Seems To Use Debt Quite Sensibly

Dec 08
AF Gruppen (OB:AFG) Seems To Use Debt Quite Sensibly

Here's Why AF Gruppen (OB:AFG) Can Manage Its Debt Responsibly

Sep 06
Here's Why AF Gruppen (OB:AFG) Can Manage Its Debt Responsibly

AF Gruppen (OB:AFG) Might Be Having Difficulty Using Its Capital Effectively

Aug 14
AF Gruppen (OB:AFG) Might Be Having Difficulty Using Its Capital Effectively

Is There An Opportunity With AF Gruppen ASA's (OB:AFG) 35% Undervaluation?

Jul 13
Is There An Opportunity With AF Gruppen ASA's (OB:AFG) 35% Undervaluation?

AF Gruppen (OB:AFG) Has Affirmed Its Dividend Of kr6.50

May 13
AF Gruppen (OB:AFG) Has Affirmed Its Dividend Of kr6.50

AF Gruppen's (OB:AFG) Dividend Will Be kr6.50

Apr 28
AF Gruppen's (OB:AFG) Dividend Will Be kr6.50

AF Gruppen (OB:AFG) Could Be Struggling To Allocate Capital

Apr 25
AF Gruppen (OB:AFG) Could Be Struggling To Allocate Capital

AF Gruppen (OB:AFG) Will Pay A Dividend Of kr6.50

Apr 12
AF Gruppen (OB:AFG) Will Pay A Dividend Of kr6.50

Is There An Opportunity With AF Gruppen ASA's (OB:AFG) 36% Undervaluation?

Apr 11
Is There An Opportunity With AF Gruppen ASA's (OB:AFG) 36% Undervaluation?

AF Gruppen (OB:AFG) Has Re-Affirmed Its Dividend Of kr6.50

Mar 28
AF Gruppen (OB:AFG) Has Re-Affirmed Its Dividend Of kr6.50

AF Gruppen (OB:AFG) Has Affirmed Its Dividend Of kr6.50

Mar 13
AF Gruppen (OB:AFG) Has Affirmed Its Dividend Of kr6.50

AF Gruppen (OB:AFG) Will Pay A Dividend Of kr6.50

Feb 27
AF Gruppen (OB:AFG) Will Pay A Dividend Of kr6.50

AF Gruppen (OB:AFG) Has Re-Affirmed Its Dividend Of kr6.50

Feb 13
AF Gruppen (OB:AFG) Has Re-Affirmed Its Dividend Of kr6.50

Revenue & Expenses Breakdown

How AF Gruppen makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:AFG Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2430,3355086,8130
30 Jun 2430,0363536,7160
31 Mar 2430,2385466,5070
31 Dec 2330,4444026,6150
30 Sep 2330,6515968,1160
30 Jun 2331,2827056,5950
31 Mar 2331,7218066,5400
31 Dec 2231,1379586,1620
30 Sep 2230,7141,0034,1870
30 Jun 2229,5351,0685,3300
31 Mar 2228,4321,0035,1130
31 Dec 2127,8321,0195,7280
30 Sep 2127,2061,0384,7920
30 Jun 2127,2131,0685,7130
31 Mar 2126,5921,0104,7890
31 Dec 2026,9909714,8800
30 Sep 2025,9597675,0470
30 Jun 2024,6637493,8990
31 Mar 2023,9588404,6750
31 Dec 1922,5658544,2550
30 Sep 1921,7648994,8780
30 Jun 1921,2318864,6670
31 Mar 1920,0607824,4190
31 Dec 1818,7297723,7870
30 Sep 1817,3747273,9460
30 Jun 1816,2376473,9280
31 Mar 1814,8926673,6900
31 Dec 1713,6706213,5610
30 Sep 1712,2446403,4780
30 Jun 1711,9526623,3040
31 Mar 1711,7756493,2810
31 Dec 1611,8206913,1930
30 Sep 1612,4707483,3650
30 Jun 1612,2287173,2290
31 Mar 1612,5487233,2550
31 Dec 1512,3756973,1220
30 Sep 1511,6005412,8600
30 Jun 1511,0785312,8930
31 Mar 1510,1554762,7610
31 Dec 149,9164422,8490
30 Sep 149,6924632,7660
30 Jun 149,8844452,8590
31 Mar 1410,0254222,8950

Quality Earnings: AFG has high quality earnings.

Growing Profit Margin: AFG's current net profit margins (1.7%) are lower than last year (1.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFG's earnings have declined by 10.6% per year over the past 5 years.

Accelerating Growth: AFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AFG had negative earnings growth (-14.8%) over the past year, making it difficult to compare to the Construction industry average (9.4%).

Return on Equity

High ROE: AFG's Return on Equity (18.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 03:32
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AF Gruppen ASA is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Mikkel Nyholt-SmedsengCarnegie Investment Bank AB
Martin StenshallDanske Bank