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NEL

Nel OB:NEL Stock Report

Last Price

kr13.44

Market Cap

kr20.9b

7D

2.4%

1Y

-25.8%

Updated

21 May, 2022

Data

Company Financials +
NEL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NEL Stock Overview

Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea.

Nel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nel
Historical stock prices
Current Share Pricekr13.44
52 Week Highkr21.45
52 Week Lowkr10.50
Beta0.63
1 Month Change-14.43%
3 Month Change3.95%
1 Year Change-25.77%
3 Year Change50.79%
5 Year Change513.47%
Change since IPO-95.07%

Recent News & Updates

May 17
Health Check: How Prudently Does Nel (OB:NEL) Use Debt?

Health Check: How Prudently Does Nel (OB:NEL) Use Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

NELNO ElectricalNO Market
7D2.4%0.9%2.1%
1Y-25.8%-13.7%12.3%

Return vs Industry: NEL underperformed the Norwegian Electrical industry which returned -13.7% over the past year.

Return vs Market: NEL underperformed the Norwegian Market which returned 12.3% over the past year.

Price Volatility

Is NEL's price volatile compared to industry and market?
NEL volatility
NEL Average Weekly Movement12.6%
Electrical Industry Average Movement7.9%
Market Average Movement7.5%
10% most volatile stocks in NO Market13.1%
10% least volatile stocks in NO Market4.2%

Stable Share Price: NEL is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: NEL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
1927526Jon Lokkehttps://nelhydrogen.com

Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, including cars, buses, trucks, forklifts, and other applications.

Nel Fundamentals Summary

How do Nel's earnings and revenue compare to its market cap?
NEL fundamental statistics
Market Capkr20.94b
Earnings (TTM)-kr1.01b
Revenue (TTM)kr805.15m

26.0x

P/S Ratio

-20.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEL income statement (TTM)
Revenuekr805.15m
Cost of Revenuekr614.08m
Gross Profitkr191.07m
Other Expenseskr1.20b
Earnings-kr1.01b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 14, 2022

Earnings per share (EPS)-0.64
Gross Margin23.73%
Net Profit Margin-124.83%
Debt/Equity Ratio0.3%

How did NEL perform over the long term?

See historical performance and comparison

Valuation

Is Nel undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


3.17x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: NEL is unprofitable, so we can't compare its PE Ratio to the European Electrical industry average.

PE vs Market: NEL is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NEL is overvalued based on its PB Ratio (3.2x) compared to the XE Electrical industry average (2.4x).


Future Growth

How is Nel forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NEL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NEL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NEL's revenue (41.4% per year) is forecast to grow faster than the Norwegian market (1.1% per year).

High Growth Revenue: NEL's revenue (41.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEL is forecast to be unprofitable in 3 years.


Past Performance

How has Nel performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NEL is currently unprofitable.

Growing Profit Margin: NEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEL is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.

Accelerating Growth: Unable to compare NEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NEL is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (26.3%).


Return on Equity

High ROE: NEL has a negative Return on Equity (-15.23%), as it is currently unprofitable.


Financial Health

How is Nel's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NEL's short term assets (NOK5.6B) exceed its short term liabilities (NOK706.4M).

Long Term Liabilities: NEL's short term assets (NOK5.6B) exceed its long term liabilities (NOK260.0M).


Debt to Equity History and Analysis

Debt Level: NEL has more cash than its total debt.

Reducing Debt: NEL's debt to equity ratio has reduced from 1.1% to 0.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NEL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 38.1% each year


Dividend

What is Nel current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NEL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NEL has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Jon Lokke (50 yo)

6.33yrs

Tenure

kr3,949,000

Compensation

Mr. Jon Andre Lokke has been the Chief Executive Officer at NEL ASA since January 4, 2016. Mr. Lokke served as an Executive Officer of Norsk Titanium AS. Mr. Lokke served as the Chief Executive Officer of...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD404.31K) is below average for companies of similar size in the Norwegian market ($USD703.88K).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NEL's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: NEL's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.


Top Shareholders

Company Information

Nel ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Nel ASA
  • Ticker: NEL
  • Exchange: OB
  • Founded: 1927
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Implied Market Cap: kr20.938b
  • Shares outstanding: 1.56b
  • Website: https://nelhydrogen.com

Number of Employees


Location

  • Nel ASA
  • Karenslyst allé 49
  • Oslo
  • Oslo
  • 279
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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 here.