Orkla ASA

OB:ORK Stock Report

Market Cap: NOK 109.0b

Orkla Future Growth

Future criteria checks 2/6

Orkla is forecast to grow earnings and revenue by 6.9% and 2.5% per annum respectively. EPS is expected to grow by 7% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

6.9%

Earnings growth rate

6.96%

EPS growth rate

Food earnings growth23.7%
Revenue growth rate2.5%
Future return on equity15.23%
Analyst coverage

Good

Last updated13 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 02

ORK: Higher Cash Returns And Buybacks Will Support A Cautious Market Reappraisal

Narrative Update on Orkla The latest analyst price target for Orkla is NOK 128.83, reflecting a more cautious stance from analysts following recent research and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research reflects a more cautious tone on Orkla, with the latest published view taking a bearish stance and contributing to the updated average price target of NOK 128.83.
Narrative Update • Apr 13

ORK: Cooler Research Tone And Capital Returns Will Shape A Measured Outlook

Analysts have trimmed their price target on Orkla to NOK 128.83. The adjustment reflects slightly lower revenue growth, slimmer profit margin expectations and a modestly reduced future P/E assumption following more cautious views such as the recent downgrade from Kepler Cheuvreux.
New Narrative • Apr 08

EBIT Momentum And Jotun Contributions Will Support Stronger Long Term Earnings Quality

Catalysts About Orkla Orkla is an industrial investment company focused on brands and consumer-oriented businesses across food, snacks, health, home and personal care, paints and related categories. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 30

ORK: Cautious Research Tone And Capital Returns Will Shape A Balanced Outlook

Narrative Update on Orkla Analysts have lifted their price target for Orkla from NOK 122.60 to around NOK 128.80, citing updated assumptions on revenue growth, profit margins and future P/E, even as at least one firm has turned more cautious on the shares. Analyst Commentary Recent research reflects a mix of optimism on Orkla's valuation potential and caution on execution risks, with at least one firm turning more bearish even as others lift their price assumptions.
New Narrative • Mar 24

Heavy Reliance On Jotun And Rising Input Costs Will Pressure Margins And Earnings

Catalysts About Orkla Orkla is an industrial investment company focused on brands and consumer-oriented businesses across food, snacks, health, personal care and related categories, with additional exposure through associates such as Jotun. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 15

ORK: Cautious Research Tone And Capital Returns Will Shape A Balanced Outlook

Analysts have nudged their price target for Orkla down from NOK124.60 to NOK122.60, reflecting slightly adjusted assumptions on future revenue growth, profit margins and P/E multiples, as well as a more cautious stance in recent research. Analyst Commentary Bullish Takeaways Bullish analysts view the adjusted price target of NOK122.60 as still supportive of Orkla’s current positioning, suggesting that the stock can remain reasonably aligned with their updated assumptions on revenue and margins.
Narrative Update • Mar 01

ORK: Margin Execution And Refined P/E Assumptions Will Shape A Balanced Outlook

Analysts have slightly increased their fair value estimate for Orkla, raising the price target from NOK 122.0 to NOK 124.6. This adjustment reflects updated assumptions on future P/E and margins following recent research updates, which include a downgrade from Kepler Cheuvreux. Analyst Commentary Recent research has turned more cautious on Orkla, even as the fair value estimate has been adjusted to NOK 124.6. Here is how analysts are framing the risk and reward around that new target.
Narrative Update • Feb 15

ORK: Higher Discount Rate And Revised Assumptions Will Shape A Balanced Outlook

Analysts now estimate Orkla’s fair value at NOK 122.00, up from NOK 115.40. This reflects updated assumptions for slightly higher revenue growth, stronger profit margins and a modestly lower future P/E, even as they apply a higher discount rate to their cash flow estimates.
Analysis Article • Feb 05

There's Reason For Concern Over Orkla ASA's (OB:ORK) Price

Orkla ASA's ( OB:ORK ) price-to-earnings (or "P/E") ratio of 18x might make it look like a sell right now compared to...
Narrative Update • Feb 01

ORK: Share Repurchases And Refined Assumptions Will Shape A Measured Outlook

Analysts have nudged their price target on Orkla up from NOK 111.50 to NOK 115.40, citing updated assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Orkla ASA has announced a share repurchase program of up to 80,000,000 shares for NOK 4,000m, with the stated aim of returning excess capital to shareholders by reducing the company’s share capital, and a program end date of December 31, 2026 (Key Developments).
Analysis Article • Jan 21

Orkla (OB:ORK) Has More To Do To Multiply In Value Going Forward

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Narrative Update • Jan 18

ORK: Share Buybacks And Refined Assumptions Will Shape A Balanced Outlook

Analysts have adjusted their price target on Orkla from NOK 108.20 to around NOK 111.50. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions.
Analysis Article • Dec 02

Calculating The Fair Value Of Orkla ASA (OB:ORK)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Orkla fair value estimate is kr123 Current share price of...
Analysis Article • Oct 10

These 4 Measures Indicate That Orkla (OB:ORK) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Aug 18

There's Reason For Concern Over Orkla ASA's (OB:ORK) Price

OB:ORK 1 Year Share Price vs Fair Value Explore Orkla's Fair Values from the Community and select yours With a...
Analysis Article • Jul 15

Orkla (OB:ORK) Has Some Way To Go To Become A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Analysis Article • Jul 01

Here's Why Orkla (OB:ORK) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Apr 26

Orkla's Potential for 13% Upside Amid Strategic Transformation

Vad är den ytterligare uppsidan i värderingen med en omstöpningsplan?Orkla befinner sig mitt i ett stort strategiskt skifte - att bryta upp sin konglomeratstruktur och fokusera på kärntillgångarna. Me
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New Narrative • Nov 25

Streamlined Operations And Critical Partnerships Will Drive Bakery Boom And Boost Margins

Enhanced cash conversion and organizational simplification are expected to boost cash flow, net margins, and earnings, enabling reinvestment or additional dividends.

Earnings and Revenue Growth Forecasts

OB:ORK - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202877,5567,8104,9549,5276
12/31/202775,4467,3435,8539,7437
12/31/202672,8706,8566,0269,2347
12/31/202571,5476,3536,7209,271N/A
9/30/202572,5696,4186,6198,942N/A
6/30/202571,8325,9597,1019,127N/A
3/31/202571,0356,3307,3319,324N/A
12/31/202469,2545,6537,6169,650N/A
9/30/202468,5985,4026,5158,766N/A
6/30/202468,1725,8416,2118,633N/A
3/31/202468,4065,2895,4608,077N/A
12/31/202367,7975,1964,3287,249N/A
9/30/202366,1355,3554,0696,833N/A
6/30/202364,1045,3083,1045,927N/A
3/31/202361,3085,2132,4175,393N/A
12/31/202258,3915,0192,4075,230N/A
9/30/202256,3415,1772,5245,523N/A
6/30/202254,7284,9832,4635,486N/A
3/31/202252,2094,7433,4206,107N/A
12/31/202150,4414,8083,6666,353N/A
9/30/202149,0364,6333,4455,996N/A
6/30/202147,8064,6823,5165,974N/A
3/31/202147,1334,5953,9176,462N/A
12/31/202047,1374,3713,9916,598N/A
9/30/202046,5324,5134,4457,022N/A
6/30/202045,5034,0714,4857,097N/A
3/31/202044,9464,0203,3715,994N/A
12/31/201943,6153,8383,5996,121N/A
9/30/201942,5813,301N/A7,003N/A
6/30/201941,8273,396N/A4,892N/A
3/31/201941,3023,325N/A5,315N/A
1/1/201940,8373,272N/A4,388N/A
9/30/201840,7053,509N/A2,443N/A
6/30/201840,4373,492N/A3,891N/A
3/31/201840,1913,421N/A5,406N/A
12/31/201739,5613,516N/A6,067N/A
9/30/201738,9963,457N/A6,347N/A
6/30/201738,5673,359N/A6,184N/A
3/31/201738,2293,091N/A4,461N/A
12/31/201637,7583,403N/A4,118N/A
9/30/201637,0433,245N/A4,168N/A
6/30/201635,9953,158N/A3,932N/A
3/31/201634,2673,778N/A3,948N/A
12/31/201533,1983,312N/A3,844N/A
9/30/201531,7462,874N/A3,534N/A
6/30/201530,6362,736N/A3,230N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORK's forecast earnings growth (6.9% per year) is above the savings rate (3.3%).

Earnings vs Market: ORK's earnings (6.9% per year) are forecast to grow slower than the Norwegian market (9.8% per year).

High Growth Earnings: ORK's earnings are forecast to grow, but not significantly.

Revenue vs Market: ORK's revenue (2.5% per year) is forecast to grow faster than the Norwegian market (2.1% per year).

High Growth Revenue: ORK's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ORK's Return on Equity is forecast to be low in 3 years time (15.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 07:59
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Orkla ASA is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Callum ElliottBernstein
Namita SamtaniBofA Global Research