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ELK logo

Elkem OB:ELK Stock Report

Last Price

NOK 23.64

Market Cap

NOK 14.8b

7D

3.2%

1Y

22.4%

Updated

21 Feb, 2025

Data

Company Financials +

Elkem ASA

OB:ELK Stock Report

Market Cap: NOK 14.8b

ELK Stock Overview

Engages in the provision of advanced material solutions worldwide. More details

ELK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 80.1% below our estimate of its fair value

Earnings are forecast to grow 9.14% per year

Earnings grew by 2713.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

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


Community vs My Fair Value

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Select a narrative for quick price alerts from the community, or create your own.

ELK logo
Elkem
JO
John_Silver
Community Contributor

Elkem - A cyclical chemical company coming out of its trough

ELKEM is a stock I`ve owned before, in fact it is one of the first companies I bought shares in when I began "investing" (speculating) in 2018. Back then I sold almost at the bottom in 2020, at a bargain basement price of around 12NOK per share, a classic mistake.
View narrative
NOK 35.13
FV
32.7% undervalued intrinsic discount
8.00%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
8 months ago author updated this narrative
ELK logo
Elkem
WA
Analyst Price Target
Consensus Narrative from 5 Analysts

Carbon Capture Initiatives Will Strengthen ESG Positioning And Brand Value

Key Takeaways Expansion in China and targeted operational improvements aim to boost EBITDA, enhancing revenue and earnings growth. Strategic geographic diversification and carbon capture efforts strengthen market positioning and long-term earnings stability.
View narrative
NOK 24.42
FV
3.2% undervalued intrinsic discount
7.13%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
12 days ago author updated this narrative
View Elkem Community

My Notes

Capture your thoughts, links and company narrative

Elkem ASA Competitors

Borregaard

OB:BRG

NOK 19.5b

Elopak

OB:ELO

NOK 11.1b

Huabao Flavours & Fragrances

SZSE:300741

CN¥9.7b

Luxin Venture Capital Group

SHSE:600783

CN¥9.4b

Price History & Performance

Summary of share price highs, lows and changes for Elkem
Historical stock prices
Current Share PriceNOK 23.64
52 Week HighNOK 23.50
52 Week LowNOK 16.50
Beta1.52
1 Month Change42.58%
3 Month Change29.75%
1 Year Change22.42%
3 Year Change-29.43%
5 Year Change31.33%
Change since IPO-14.96%

Recent News & Updates

Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

Feb 05
Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

Recent updates

Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

Feb 05
Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

Here's Why Elkem (OB:ELK) Is Weighed Down By Its Debt Load

Jan 23
Here's Why Elkem (OB:ELK) Is Weighed Down By Its Debt Load

Market Still Lacking Some Conviction On Elkem ASA (OB:ELK)

Dec 19
Market Still Lacking Some Conviction On Elkem ASA (OB:ELK)

There May Be Reason For Hope In Elkem's (OB:ELK) Disappointing Earnings

Nov 02
There May Be Reason For Hope In Elkem's (OB:ELK) Disappointing Earnings

Elkem ASA Just Missed EPS By 51%: Here's What Analysts Think Will Happen Next

Oct 27
Elkem ASA Just Missed EPS By 51%: Here's What Analysts Think Will Happen Next

Little Excitement Around Elkem ASA's (OB:ELK) Revenues

Sep 04
Little Excitement Around Elkem ASA's (OB:ELK) Revenues

The Returns On Capital At Elkem (OB:ELK) Don't Inspire Confidence

Aug 07
The Returns On Capital At Elkem (OB:ELK) Don't Inspire Confidence

Elkem ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Jul 17
Elkem ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way

Jun 11
These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way

Elkem ASA's (OB:ELK) Revenues Are Not Doing Enough For Some Investors

May 27
Elkem ASA's (OB:ELK) Revenues Are Not Doing Enough For Some Investors

Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 24% Below Its Share Price

May 11
Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 24% Below Its Share Price

Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

Apr 22
Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

What Does Elkem ASA's (OB:ELK) Share Price Indicate?

Apr 09
What Does Elkem ASA's (OB:ELK) Share Price Indicate?

Is Elkem (OB:ELK) A Risky Investment?

Dec 15
Is Elkem (OB:ELK) A Risky Investment?

Why Elkem ASA (OB:ELK) Could Be Worth Watching

Oct 23
Why Elkem ASA (OB:ELK) Could Be Worth Watching

Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

Oct 04
Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

Aug 19
Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)

Aug 03
Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)

What Is Elkem ASA's (OB:ELK) Share Price Doing?

Jul 15
What Is Elkem ASA's (OB:ELK) Share Price Doing?

Why We Like The Returns At Elkem (OB:ELK)

Jun 21
Why We Like The Returns At Elkem (OB:ELK)

Is Elkem (OB:ELK) Using Too Much Debt?

Apr 16
Is Elkem (OB:ELK) Using Too Much Debt?

A Look At The Fair Value Of Elkem ASA (OB:ELK)

Apr 03
A Look At The Fair Value Of Elkem ASA (OB:ELK)

Elkem (OB:ELK) Is Very Good At Capital Allocation

Mar 20
Elkem (OB:ELK) Is Very Good At Capital Allocation

Are Investors Undervaluing Elkem ASA (OB:ELK) By 33%?

Nov 25
Are Investors Undervaluing Elkem ASA (OB:ELK) By 33%?

Shareholder Returns

ELKNO ChemicalsNO Market
7D3.2%-0.7%0.5%
1Y22.4%-3.1%9.0%

Return vs Industry: ELK exceeded the Norwegian Chemicals industry which returned -3.1% over the past year.

Return vs Market: ELK exceeded the Norwegian Market which returned 9% over the past year.

Price Volatility

Is ELK's price volatile compared to industry and market?
ELK volatility
ELK Average Weekly Movement7.9%
Chemicals Industry Average Movement7.8%
Market Average Movement5.2%
10% most volatile stocks in NO Market12.9%
10% least volatile stocks in NO Market2.6%

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

Volatility Over Time: ELK's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
19047,200Helge Aasenwww.elkem.com

Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones.

Elkem ASA Fundamentals Summary

How do Elkem's earnings and revenue compare to its market cap?
ELK fundamental statistics
Market capNOK 14.78b
Earnings (TTM)NOK 2.03b
Revenue (TTM)NOK 17.81b

7.4x

P/E Ratio

0.8x

P/S Ratio

Is ELK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ELK income statement (TTM)
RevenueNOK 17.81b
Cost of RevenueNOK 8.31b
Gross ProfitNOK 9.50b
Other ExpensesNOK 7.47b
EarningsNOK 2.03b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Mar 25, 2025

Earnings per share (EPS)3.19
Gross Margin53.32%
Net Profit Margin11.38%
Debt/Equity Ratio48.0%

How did ELK perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

9%

Payout Ratio

Does ELK pay a reliable dividends?

See ELK dividend history and benchmarks
When do you need to buy ELK by to receive an upcoming dividend?
Elkem dividend dates
Ex Dividend DateMay 02 2025
Dividend Pay DateMay 12 2025
Days until Ex dividend69 days
Days until Dividend pay date79 days

Does ELK pay a reliable dividends?

See ELK dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 18:57
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Elkem ASA is covered by 8 analysts. 5 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
Sebastian SatzCitigroup Inc
Niclas GehinDNB Markets