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

ETMA is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.6x).

How does ETMA's PS Ratio compare vs other companies in the European Electrical Industry?

ETMA is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Electrical industry average (1x).

What is ETMA'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.

Insufficient data to calculate ETMA's Price-To-Sales Fair Ratio for valuation analysis.

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

Insufficient data to calculate ETMA's fair value for valuation analysis.

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

Insufficient data to show price forecast.

ETMA Stock Overview

Through its subsidiaries, manufactures and sells electrical products for the professional and residential construction markets in Scandinavia. More details

ETMA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (NOK88M)

Earnings have declined by 53.3% per year over past 5 years

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Etman International ASA Competitors

Otovo

OB:OTOVO

NOK 273.9m

Zaptec

OB:ZAP

NOK 848.5m

Nordic Unmanned

OB:NUMND

NOK 53.3m

Nordic Technology Group

OB:NTG

NOK 134.7m

Price History & Performance

Summary of share price highs, lows and changes for Etman International
Historical stock prices
Current Share Price	NOK 3.75
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	0.33
1 Month Change	150.00%
3 Month Change	n/a
1 Year Change	-6.25%
3 Year Change	-37.50%
5 Year Change	-5.06%
Change since IPO	-37.50%

Recent updates

Shareholder Returns

	ETMA	NO Electrical	NO Market
7D	150.0%	1.2%	-2.8%
1Y	-6.3%	25.6%	-0.8%

Return vs Industry: ETMA underperformed the Norwegian Electrical industry which returned 25.6% over the past year.

Return vs Market: ETMA underperformed the Norwegian Market which returned -0.8% over the past year.

Price Volatility

Is ETMA's price volatile compared to industry and market?
ETMA volatility
ETMA Average Weekly Movement	n/a
Electrical Industry Average Movement	5.9%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.9%
10% least volatile stocks in NO Market	2.6%

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

Volatility Over Time: Insufficient data to determine ETMA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2001	405	Jan Skårland	www.etman.no

Etman International ASA, through its subsidiaries, manufactures and sells electrical products for the professional and residential construction markets in Scandinavia. It offers cables, sockets, switches, fuse panels, LED lighting products, etc. The company was founded in 2001 and is headquartered in Egersund, Norway.

Etman International ASA Fundamentals Summary

How do Etman International's earnings and revenue compare to its market cap?
ETMA fundamental statistics
Market cap	NOK 87.70m
Earnings (TTM)	-NOK 1.33m
Revenue (TTM)	NOK 618.71m

0.1x

P/S Ratio

-65.7x

P/E Ratio

Is ETMA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETMA income statement (TTM)
Revenue	NOK 618.71m
Cost of Revenue	NOK 386.86m
Gross Profit	NOK 231.86m
Other Expenses	NOK 233.19m
Earnings	-NOK 1.33m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 21, 2025

Earnings per share (EPS)	-0.057
Gross Margin	37.47%
Net Profit Margin	-0.22%
Debt/Equity Ratio	52.7%

How did ETMA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 08:38
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Etman International ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Etman International OTCNO:ETMA Stock Report