HydrogenPro ASA

OB:HYPRO Stock Report

Market Cap: NOK 317.3m

HydrogenPro Valuation

Is HYPRO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HYPRO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HYPRO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HYPRO's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HYPRO?

Key metric: As HYPRO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HYPRO. This is calculated by dividing HYPRO's market cap by their current revenue.
What is HYPRO's PS Ratio?
PS Ratio1.3x
SalesNOK 252.94m
Market CapNOK 317.30m

Price to Sales Ratio vs Peers

How does HYPRO's PS Ratio compare to its peers?

The above table shows the PS ratio for HYPRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
GOD Goodtech
0.3x3.6%NOK 252.8m
SCANA Scana
0.7x7.6%NOK 1.3b
NTG Nordic Technology Group
7xn/aNOK 191.5m
CAMBI Cambi
2.2x8.8%NOK 2.4b
HYPRO HydrogenPro
1.3x58.3%NOK 317.3m

Price-To-Sales vs Peers: HYPRO is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does HYPRO's PS Ratio compare vs other companies in the European Machinery Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
HYPRO 1.3xIndustry Avg. 0.9xNo. of Companies64PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HYPRO is expensive based on its Price-To-Sales Ratio (1.3x) compared to the European Machinery industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is HYPRO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HYPRO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: HYPRO is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HYPRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 4.53
NOK 29.96
+562.1%
66.7%NOK 49.93NOK 9.99n/a2
Nov ’25NOK 7.84
NOK 33.01
+321.1%
51.5%NOK 50.02NOK 16.01n/a2
Oct ’25NOK 9.69
NOK 33.01
+240.7%
51.5%NOK 50.02NOK 16.01n/a2
Sep ’25NOK 9.74
NOK 33.01
+238.9%
51.5%NOK 50.02NOK 16.01n/a2
Aug ’25NOK 10.14
NOK 34.27
+238.0%
47.2%NOK 50.44NOK 18.10n/a2
Jul ’25NOK 10.30
NOK 35.11
+240.9%
42.9%NOK 50.16NOK 20.07n/a2
Jun ’25NOK 12.04
NOK 35.11
+191.7%
42.9%NOK 50.16NOK 20.07n/a2
May ’25NOK 13.18
NOK 36.18
+174.5%
37.5%NOK 49.73NOK 22.62n/a2
Apr ’25NOK 12.04
NOK 36.05
+199.5%
38.9%NOK 50.09NOK 22.02n/a2
Mar ’25NOK 13.14
NOK 36.05
+174.4%
38.9%NOK 50.09NOK 22.02n/a2
Feb ’25NOK 13.36
NOK 35.94
+169.0%
38.8%NOK 49.89NOK 22.00n/a2
Jan ’25NOK 16.48
NOK 35.94
+118.1%
38.8%NOK 49.89NOK 22.00n/a2
Dec ’24NOK 17.00
NOK 35.94
+111.4%
38.8%NOK 49.89NOK 22.00n/a2
Nov ’24NOK 14.62
NOK 47.57
+225.4%
5.6%NOK 50.25NOK 44.88NOK 7.842
Oct ’24NOK 18.52
NOK 47.67
+157.4%
5.3%NOK 50.18NOK 45.17NOK 9.692
Sep ’24NOK 18.44
NOK 47.67
+158.5%
5.3%NOK 50.18NOK 45.17NOK 9.742
Aug ’24NOK 21.45
NOK 46.71
+117.8%
7.8%NOK 50.34NOK 43.08NOK 10.142
May ’24NOK 27.00
NOK 51.14
+89.4%
2.4%NOK 52.37NOK 49.91NOK 13.182
Apr ’24NOK 24.90
NOK 51.14
+105.4%
2.4%NOK 52.37NOK 49.91NOK 12.042
Feb ’24NOK 31.90
NOK 49.56
+55.3%
0.9%NOK 49.98NOK 49.13NOK 13.362
Jan ’24NOK 28.95
NOK 50.07
+73.0%
0.1%NOK 50.12NOK 50.02NOK 16.482
Dec ’23NOK 35.60
NOK 50.07
+40.6%
0.1%NOK 50.12NOK 50.02NOK 17.002
Nov ’23NOK 32.35
NOK 46.74
+44.5%
3.8%NOK 48.51NOK 44.96NOK 14.622

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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