ELK Stock Overview
Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr37.90|
|52 Week High||kr44.14|
|52 Week Low||kr27.10|
|1 Month Change||-8.59%|
|3 Month Change||17.41%|
|1 Year Change||29.09%|
|3 Year Change||48.16%|
|5 Year Change||n/a|
|Change since IPO||36.33%|
Recent News & Updates
Is There Now An Opportunity In Elkem ASA (OB:ELK)?
While Elkem ASA ( OB:ELK ) might not be the most widely known stock at the moment, it saw a significant share price...
|ELK||NO Chemicals||NO Market|
Return vs Industry: ELK exceeded the Norwegian Chemicals industry which returned 10.9% over the past year.
Return vs Market: ELK exceeded the Norwegian Market which returned 13% over the past year.
|ELK Average Weekly Movement||6.1%|
|Chemicals Industry Average Movement||7.8%|
|Market Average Movement||7.4%|
|10% most volatile stocks in NO Market||13.1%|
|10% least volatile stocks in NO Market||4.1%|
Stable Share Price: ELK is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ELK's weekly volatility (6%) has been stable over the past year.
About the Company
Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The Silicones segment produces and sells various silicone-based products across various sub-sectors, including release coatings, engineering elastomers, healthcare products, specialty fluids, emulsions, and resins.
Elkem Fundamentals Summary
|ELK fundamental statistics|
Is ELK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ELK income statement (TTM)|
|Cost of Revenue||kr17.74b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 19, 2022
|Earnings per share (EPS)||10.42|
|Net Profit Margin||17.50%|
How did ELK perform over the long term?See historical performance and comparison
7.9%Current Dividend Yield
Is Elkem undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELK (NOK37.9) is trading below our estimate of fair value (NOK86.02)
Significantly Below Fair Value: ELK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELK is good value based on its Price-To-Earnings Ratio (3.6x) compared to the European Chemicals industry average (12.8x).
PE vs Market: ELK is good value based on its Price-To-Earnings Ratio (3.6x) compared to the Norwegian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: ELK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ELK is good value based on its Price-To-Book Ratio (1.1x) compared to the NO Chemicals industry average (3.3x).
How is Elkem forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELK's earnings are forecast to decline over the next 3 years (-19% per year).
Earnings vs Market: ELK's earnings are forecast to decline over the next 3 years (-19% per year).
High Growth Earnings: ELK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ELK's revenue is expected to decline over the next 3 years (-3.5% per year).
High Growth Revenue: ELK's revenue is forecast to decline over the next 3 years (-3.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ELK's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Elkem performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELK has high quality earnings.
Growing Profit Margin: ELK's current net profit margins (17.5%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: ELK's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: ELK's earnings growth over the past year (882.4%) exceeds its 5-year average (9% per year).
Earnings vs Industry: ELK earnings growth over the past year (882.4%) exceeded the Chemicals industry 53.1%.
Return on Equity
High ROE: ELK's Return on Equity (29.1%) is considered high.
How is Elkem's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ELK's short term assets (NOK23.5B) exceed its short term liabilities (NOK12.2B).
Long Term Liabilities: ELK's short term assets (NOK23.5B) exceed its long term liabilities (NOK10.0B).
Debt to Equity History and Analysis
Debt Level: ELK's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: ELK's debt to equity ratio has reduced from 65.2% to 51.4% over the past 5 years.
Debt Coverage: ELK's debt is well covered by operating cash flow (56.9%).
Interest Coverage: ELK's interest payments on its debt are well covered by EBIT (42.1x coverage).
What is Elkem current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ELK's dividend (7.92%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.75%).
High Dividend: ELK's dividend (7.92%) is in the top 25% of dividend payers in the Norwegian market (6.73%)
Stability and Growth of Payments
Stable Dividend: ELK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ELK's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.7%), ELK's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61%), ELK's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helge Aasen (58 yo)
Mr. Helge Aasen serves as Chief Executive Officer at Elkem ASA since October 18, 2021 and served as its Director since December 1, 2019 until June 2021 and has been its Interim Chief Executive Officer sinc...
CEO Compensation Analysis
Compensation vs Market: Helge's total compensation ($USD1.08M) is about average for companies of similar size in the Norwegian market ($USD973.61K).
Compensation vs Earnings: Helge's compensation has increased by more than 20% in the past year.
Experienced Management: ELK's management team is seasoned and experienced (11.3 years average tenure).
Experienced Board: ELK's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ELK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Elkem ASA's employee growth, exchange listings and data sources
- Name: Elkem ASA
- Ticker: ELK
- Exchange: OB
- Founded: 1904
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: kr24.007b
- Shares outstanding: 633.44m
- Website: https://www.elkem.com
Number of Employees
- Elkem ASA
- Drammensveien 169
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
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.