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Nel OB:NEL Stock Report

Last Price

NOK 2.28

Market Cap

NOK 3.9b

7D

-3.8%

1Y

-53.5%

Updated

06 Feb, 2025

Data

Company Financials +

Nel ASA

OB:NEL Stock Report

Market Cap: NOK 3.9b

NEL Stock Overview

A hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. More details

NEL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 82.8% below our estimate of its fair value

Revenue is forecast to grow 19.51% per year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Volatile share price over the past 3 months compared to the Norwegian market


My Notes

Capture your thoughts, links and company narrative

Nel ASA Competitors

Cambi

OB:CAMBI

NOK 2.7b

Zaptec

OB:ZAP

NOK 1.2b

Integrated Wind Solutions

OB:IWS

NOK 1.5b

Endúr

OB:ENDUR

NOK 2.8b

Price History & Performance

Summary of share price highs, lows and changes for Nel
Historical stock prices
Current Share PriceNOK 2.28
52 Week HighNOK 8.70
52 Week LowNOK 2.10
Beta1.4
1 Month Change-28.11%
3 Month Change-38.84%
1 Year Change-53.48%
3 Year Change-82.18%
5 Year Change-79.97%
Change since IPO-99.16%

Recent News & Updates

With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Jan 14
With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

Nov 27
Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

Recent updates

With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Jan 14
With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

Nov 27
Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

What You Can Learn From Nel ASA's (OB:NEL) P/S After Its 28% Share Price Crash

Oct 13
What You Can Learn From Nel ASA's (OB:NEL) P/S After Its 28% Share Price Crash

Market Participants Recognise Nel ASA's (OB:NEL) Revenues Pushing Shares 53% Higher

May 25
Market Participants Recognise Nel ASA's (OB:NEL) Revenues Pushing Shares 53% Higher

Nel (OB:NEL) Is Using Debt Safely

May 24
Nel (OB:NEL) Is Using Debt Safely

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Apr 10
Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Calculating The Fair Value Of Nel ASA (OB:NEL)

Mar 27
Calculating The Fair Value Of Nel ASA (OB:NEL)

Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Mar 01
Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Why We're Not Concerned Yet About Nel ASA's (OB:NEL) 27% Share Price Plunge

Jan 17
Why We're Not Concerned Yet About Nel ASA's (OB:NEL) 27% Share Price Plunge

At kr5.94, Is It Time To Put Nel ASA (OB:NEL) On Your Watch List?

Jan 13
At kr5.94, Is It Time To Put Nel ASA (OB:NEL) On Your Watch List?

Nel (OB:NEL) Is Using Debt Safely

Dec 12
Nel (OB:NEL) Is Using Debt Safely

Nel (OB:NEL) Is Using Debt Safely

Sep 13
Nel (OB:NEL) Is Using Debt Safely

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects

Jun 17
Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects

Is Nel (OB:NEL) Using Too Much Debt?

May 11
Is Nel (OB:NEL) Using Too Much Debt?

Does Nel (OB:NEL) Have A Healthy Balance Sheet?

Feb 06
Does Nel (OB:NEL) Have A Healthy Balance Sheet?

Is Nel (OB:NEL) Using Too Much Debt?

Sep 02
Is Nel (OB:NEL) Using Too Much Debt?

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

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

Is Nel (OB:NEL) Using Debt In A Risky Way?

Jan 27
Is Nel (OB:NEL) Using Debt In A Risky Way?

Is Nel (OB:NEL) Using Debt Sensibly?

Oct 14
Is Nel (OB:NEL) Using Debt Sensibly?

Time To Worry? Analysts Are Downgrading Their Nel ASA (OB:NEL) Outlook

Aug 22
Time To Worry? Analysts Are Downgrading Their Nel ASA (OB:NEL) Outlook

Shareholder Returns

NELNO ElectricalNO Market
7D-3.8%-0.6%-0.8%
1Y-53.5%23.0%10.0%

Return vs Industry: NEL underperformed the Norwegian Electrical industry which returned 23% over the past year.

Return vs Market: NEL underperformed the Norwegian Market which returned 10% over the past year.

Price Volatility

Is NEL's price volatile compared to industry and market?
NEL volatility
NEL Average Weekly Movement11.5%
Electrical Industry Average Movement6.3%
Market Average Movement5.1%
10% most volatile stocks in NO Market12.1%
10% least volatile stocks in NO Market2.6%

Stable Share Price: NEL's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: NEL's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
1927430Hakon Volldalnelhydrogen.com

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles.

Nel ASA Fundamentals Summary

How do Nel's earnings and revenue compare to its market cap?
NEL fundamental statistics
Market capNOK 3.86b
Earnings (TTM)-NOK 533.08m
Revenue (TTM)NOK 1.72b

2.2x

P/S Ratio

-7.1x

P/E Ratio

Is NEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NEL income statement (TTM)
RevenueNOK 1.72b
Cost of RevenueNOK 711.74m
Gross ProfitNOK 1.01b
Other ExpensesNOK 1.54b
Earnings-NOK 533.08m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 26, 2025

Earnings per share (EPS)-0.32
Gross Margin58.56%
Net Profit Margin-31.04%
Debt/Equity Ratio0%

How did NEL perform over the long term?

See historical performance and comparison

Dividends

0.009%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 19:45
End of Day Share Price 2025/02/06 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

Nel ASA is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Naisheng CuiBarclays
James HosieBarclays
James CarmichaelBerenberg