Elkem (OB:ELK) - Stock Price, News & Analysis

ELK Stock Overview

Elkem ASA provides silicones, silicon products, and carbon solutions worldwide.

ELK fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	4/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 50.5% below our estimate of its fair value

Earnings are forecast to grow 33.24% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 23.9%

Risk Analysis

Dividend of 34.09% is not well covered by earnings or cash flows

Profit margins (3.9%) are lower than last year (23.6%)

Elkem ASA Competitors

Borregaard

OB:BRG

kr17.2b

Elopak

OB:ELO

kr7.1b

Norske Skog

OB:NSKOG

kr3.4b

Yara International

OB:YAR

kr92.4b

Price History & Performance

Summary of all time highs, changes and price drops for Elkem
Historical stock prices
Current Share Price	kr17.60
52 Week High	kr40.20
52 Week Low	kr16.16
Beta	1.53
1 Month Change	0.69%
3 Month Change	-20.72%
1 Year Change	-50.25%
3 Year Change	-39.23%
5 Year Change	-25.34%
Change since IPO	-36.69%

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

Oct 23

Recent updates

Industry Analysts Just Upgraded Their Elkem ASA (OB:ELK) Revenue Forecasts By 10%

Jul 20

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

Jul 08

Is There Now An Opportunity In Elkem ASA (OB:ELK)?

May 06

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Apr 21

An Intrinsic Calculation For Elkem ASA (OB:ELK) Suggests It's 31% Undervalued

Apr 19

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Apr 03

Is Elkem (OB:ELK) A Risky Investment?

Mar 28

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Feb 26

Elkem (OB:ELK) Is Paying Out A Larger Dividend Than Last Year

Feb 12

Returns On Capital Are Showing Encouraging Signs At Elkem (OB:ELK)

Jan 31

An Intrinsic Calculation For Elkem ASA (OB:ELK) Suggests It's 50% Undervalued

Jan 04

Elkem (OB:ELK) Seems To Use Debt Quite Sensibly

Dec 14

The Returns At Elkem (OB:ELK) Aren't Growing

Oct 25

Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 46% Above Its Share Price

Sep 20

Elkem (OB:ELK) Seems To Use Debt Quite Sensibly

Sep 06

Slowing Rates Of Return At Elkem (OB:ELK) Leave Little Room For Excitement

Jul 22

Shareholder Returns

	ELK	NO Chemicals	NO Market
7D	-3.3%	-1.4%	-0.9%
1Y	-50.3%	-24.0%	-0.3%

Return vs Industry: ELK underperformed the Norwegian Chemicals industry which returned -23.6% over the past year.

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

Price Volatility

Is ELK's price volatile compared to industry and market?
ELK volatility
ELK Average Weekly Movement	5.2%
Chemicals Industry Average Movement	6.8%
Market Average Movement	5.5%
10% most volatile stocks in NO Market	12.3%
10% least volatile stocks in NO Market	2.8%

Stable Share Price: ELK is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ELK's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1904	7,300	Helge Aasen	https://www.elkem.com

Elkem ASA provides silicones, silicon products, and carbon solutions worldwide. The company offers silicones polymers, including chlorosilanes and silicone oils; silicone elastomers, comprising liquid silicone rubber, heat cured rubber, and RTV-1 and RTV-2 silicones; and silicone fluids, such as silicone resin, silicone compounds, silicone grease, and silicone emulsion. It also provides silicon based materials comprising silicon, silicon powder/micronized silicon, silica fume/ microsilica, ferrosilicon, grain refiner, silicon and boron carbide, ferrosilicon nitride, fused silica, polymer additives, and specialties for refractories.

Elkem ASA Fundamentals Summary

How do Elkem's earnings and revenue compare to its market cap?
ELK fundamental statistics
Market Cap	kr11.16b
Earnings (TTM)	kr1.43b
Revenue (TTM)	kr36.52b

7.8x

P/E Ratio

0.3x

P/S Ratio

Is ELK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELK income statement (TTM)
Revenue	kr36.52b
Cost of Revenue	kr21.01b
Gross Profit	kr15.50b
Other Expenses	kr14.08b
Earnings	kr1.43b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Feb 08, 2024

Earnings per share (EPS)	2.25
Gross Margin	42.46%
Net Profit Margin	3.91%
Debt/Equity Ratio	62.9%

How did ELK perform over the long term?

See historical performance and comparison

Dividends

34.1%

Current Dividend Yield

267%

Payout Ratio

ELK Stock Overview

Rewards

Risk Analysis

Elkem ASA Competitors

OB:BRG

kr17.2b

OB:ELO

kr7.1b

OB:NSKOG

kr3.4b

OB:YAR

kr92.4b

Price History & Performance

Recent News & Updates

Price target decreased by 12% to kr21.80

Price target decreased by 8.1% to kr24.80

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 10% to kr26.00

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

Now 20% undervalued after recent price drop

Recent updates

Price target decreased by 12% to kr21.80

Price target decreased by 8.1% to kr24.80

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 10% to kr26.00

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

Now 20% undervalued after recent price drop

Consensus EPS estimates fall by 15%

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

Elkem Launches UV Hg and UV LED Curable Silicone Solutions for Sustainable Release Coatings

Price target decreased by 14% to kr29.80

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

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

Price target decreased by 8.0% to kr34.50

New minor risk - Profit margin trend

Chief Executive Officer recently bought kr500k worth of stock

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

Second quarter 2023 earnings released: EPS: kr0.057 (vs kr4.67 in 2Q 2022)

Consensus EPS estimates fall by 10%

Price target decreased by 8.5% to kr37.50

Now 21% undervalued after recent price drop

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

Elkem ASA (OB:ELK) acquired VUM, a.s. from ZSNP, a.s.

Elkem ASA to Report Q3, 2024 Results on Oct 24, 2024

Investor sentiment deteriorates as stock falls 16%

Now 23% undervalued after recent price drop

Upcoming dividend of kr6.00 per share at 17% yield

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

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

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

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

Less than half of directors are independent

Elkem Asa Provides Earnings Guidance for the Year 2024

Elkem Announces Executive Changes, Effective 1 February 2023

Elkem Curtails Production in Norway Due to High Power Prices

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

Less than half of directors are independent

Elkem to Present Silbione™ Biomedical Range At COMPAMED 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Elkem ASA Announces Process Industry Strike in Norway Called Off and Affected Plants at Salten, Rana, Thamshavn and Fiskaa Will Resume Normal Production

Elkem ASA Announces Production Affected At Four Elkem Plants

Elkem ASA to Report Q3, 2023 Results on Oct 25, 2023

Is Elkem ASA (OB:ELK) Trading At A 37% Discount?

Insider recently sold kr397k worth of stock

Consensus EPS estimates increase by 12%

Industry Analysts Just Upgraded Their Elkem ASA (OB:ELK) Revenue Forecasts By 10%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Investor sentiment deteriorated over the past week

Elkem ASA Appoints Larry Zhang as SVP for Silicones Division

Elkem ASA (OB : ELK) acquired Keyvest Belgium SA from Nizi International S.A.

Senior Vice President of Technology recently sold kr1.8m worth of stock

Is There Now An Opportunity In Elkem ASA (OB:ELK)?

Price target increased to kr48.42

Price target increased to kr46.75

Elkem ASA Approves Election of New Board Members

Full year 2021 earnings: EPS misses analyst expectations

Less than half of directors are independent

Upcoming dividend of kr3.00 per share

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00