OB:NRC

Stock Analysis Report

Executive Summary

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland.

Snowflake

Fundamentals

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has NRC Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

OB:NRC

0.9%

NO Construction

1.5%

NO Market


1 Year Return

-15.7%

OB:NRC

-2.1%

NO Construction

-14.8%

NO Market

NRC underperformed the Construction industry which returned -2.1% over the past year.

NRC matched the Norway Market (-14.8%) over the past year.


Share holder returns

NRCIndustryMarket
7 Day-1.2%0.9%1.5%
30 Day-9.7%-0.6%-3.3%
90 Day-8.3%2.4%-5.4%
1 Year-15.7%-15.7%1.4%-2.1%-10.0%-14.8%
3 Year2.5%-2.0%23.0%11.9%38.1%19.9%
5 Year268.7%252.4%44.9%17.0%38.6%6.9%

Price Volatility Vs. Market

How volatile is NRC Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NRC Group undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

NRC Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

NRC Group's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

NRC Group is loss making, we can't compare its value to the Europe Construction industry average.

NRC Group is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for NRC Group, we can't assess if its growth is good value.


Price Based on Value of Assets

NRC Group is overvalued based on assets compared to the Europe Construction industry average.


Next Steps

Future Growth

How is NRC Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

43.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

NRC Group's revenue is expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).

NRC Group's earnings are expected to grow significantly at over 20% yearly.

NRC Group's revenue growth is expected to exceed the Norway market average.

NRC Group's earnings growth is expected to exceed the Norway market average.

NRC Group's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

NRC Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has NRC Group performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

NRC Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare NRC Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare NRC Group's 1-year growth to the Europe Construction industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if NRC Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if NRC Group has efficiently used its assets last year compared to the Europe Construction industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if NRC Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is NRC Group's financial position?


Financial Position Analysis

NRC Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

NRC Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

NRC Group's level of debt (86.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (2.5% vs 86.1% today).

Debt is not well covered by operating cash flow (11.5%, less than 20% of total debt).

Unable to confirm if the interest payments on NRC Group's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is NRC Group's current dividend yield, its reliability and sustainability?

4.73%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate NRC Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate NRC Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as NRC Group has not reported any payouts.

Unable to verify if NRC Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as NRC Group has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).


Next Steps

Management

What is the CEO of NRC Group's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Henning Olsen 0

0.4yrs

Tenure

0

Mr. Henning Olsen serves as Chief Executive Officer NRC Group ASA since March 19, 2019. Mr. Olsen comes from the position as executive vice president in AF Gruppen, where he has been responsible for the Bu ...


Management Age and Tenure

3.4yrs

Average Tenure

The tenure for the NRC Group management team is about average.


Board Age and Tenure

3.7yrs

Average Tenure

59.5yo

Average Age

The tenure for the NRC Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sellkr2,653,00011 Oct 18
Brita Eilertsen
EntityIndividual
Role
Member of the Board of Directors
Board Member
Shares35,000
Max Pricekr75.80

Ownership Breakdown


Management Team

  • Dag Fladby (51yo)

    Chief Financial Officer

    • Tenure: 3.4yrs
    • Compensation: kr3.01m
  • Egil Huseth

    Head of Administration

    • Tenure: 0.0yrs
  • Mikko Salonen

    Managing Director of Blom Finland

    • Tenure: 6.6yrs
  • Paul Evans

    Managing Director of Blom UK

    • Tenure: 0.0yrs
  • Ralf Schroth

    Managing Director of Blom Germany

    • Tenure: 0.0yrs
  • Alfred Beck

    General Counsel

    • Tenure: 0.0yrs
    • Compensation: kr3.05m
  • Anders Gustafsson

    Managing Director of Svensk Järnvägsteknik AB

    • Tenure: 5.6yrs
  • Henrik Aquist

    Managing Director of Blom Sweden

    • Tenure: 0.0yrs
  • Hans Storkås

    Managing Director of Norway

    • Tenure: 1.4yrs
    • Compensation: kr1.90m
  • Henning Olsen

    Chief Executive Officer

    • Tenure: 0.4yrs

Board Members

  • Mats Williamson (61yo)

    Board Member

    • Tenure: 1.1yrs
  • Harald Arnet (58yo)

    Board Member

    • Tenure: 4.0yrs
  • Helge Midttun (64yo)

    Chairman of the Board

    • Tenure: 3.7yrs
  • Brita Eilertsen (57yo)

    Board Member

    • Tenure: 4.3yrs
  • Kjersti Kanne

    Board Member

    • Tenure: 3.9yrs
  • Rolf Jansson

    Director

    • Tenure: 0.6yrs
  • Eva Nygren

    Director

    • Tenure: 0.6yrs

Company Information

NRC Group ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NRC Group ASA
  • Ticker: NRC
  • Exchange: OB
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr3.117b
  • Shares outstanding: 53.92m
  • Website: https://www.nrcgroup.com

Number of Employees


Location

  • NRC Group ASA
  • Lysaker Torg 25
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRCOB (Oslo Bors)YesOrdinary SharesNONOKJun 1992
0DSJLSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 1992
NNRR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1992
NRCOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 1992

Biography

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland. It provides rail, harbor, and road related infrastructure services, including groundwor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 20:37
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.