Elkem ASA

OB:ELK Stock Report

Market Cap: NOK 15.0b

Elkem Management

Management criteria checks 4/4

Elkem's CEO is Helge Aasen, appointed in Jun 2021, has a tenure of 3.67 years. total yearly compensation is NOK11.52M, comprised of 59.9% salary and 40.1% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth NOK1.62M. The average tenure of the management team and the board of directors is 14.1 years and 5.1 years respectively.

Key information

Helge Aasen

Chief executive officer

NOK 11.5m

Total compensation

CEO salary percentage59.9%
CEO tenure3.7yrs
CEO ownership0.01%
Management average tenure14.1yrs
Board average tenure5.1yrs

Recent management updates

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%?

CEO Compensation Analysis

How has Helge Aasen's remuneration changed compared to Elkem's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024n/an/a

NOK 2b

Sep 30 2024n/an/a

NOK 46m

Jun 30 2024n/an/a

-NOK 502m

Mar 31 2024n/an/a

-NOK 1b

Dec 31 2023NOK 12mNOK 7m

NOK 72m

Sep 30 2023n/an/a

NOK 1b

Jun 30 2023n/an/a

NOK 5b

Mar 31 2023n/an/a

NOK 8b

Dec 31 2022NOK 17mNOK 6m

NOK 10b

Sep 30 2022n/an/a

NOK 11b

Jun 30 2022n/an/a

NOK 9b

Mar 31 2022n/an/a

NOK 7b

Dec 31 2021NOK 9mNOK 3m

NOK 5b

Sep 30 2021n/an/a

NOK 3b

Jun 30 2021n/an/a

NOK 1b

Mar 31 2021n/an/a

NOK 672m

Dec 31 2020NOK 244kn/a

NOK 239m

Sep 30 2020n/an/a

NOK 150m

Jun 30 2020n/an/a

NOK 460m

Mar 31 2020n/an/a

NOK 616m

Dec 31 2019NOK 17mNOK 5m

NOK 855m

Sep 30 2019n/an/a

NOK 1b

Jun 30 2019n/an/a

NOK 2b

Mar 31 2019n/an/a

NOK 3b

Dec 31 2018NOK 19mNOK 5m

NOK 3b

Compensation vs Market: Helge's total compensation ($USD1.04M) is about average for companies of similar size in the Norwegian market ($USD848.97K).

Compensation vs Earnings: Helge's compensation has been consistent with company performance over the past year.

CEO

Helge Aasen (61 yo)

3.7yrs

Tenure

NOK 11,517,000

Compensation

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...

Leadership Team

NamePositionTenureCompensationOwnership
Helge Aasen
Chief Executive Officer3.7yrsNOK 11.52m0.011%
NOK 1.6m
Morten Viga
Chief Financial Officer18.5yrsNOK 5.58m0.0074%
NOK 1.1m
Havard Moe
Senior Vice President of Technology17.1yrsNOK 4.17m0.0016%
NOK 236.9k
Katja Lehland
Senior Vice President of Human Resources14.1yrsNOK 4.94mno data
Asbjoern Soevik
Senior Vice President of Green Ventures & Digital18.1yrsNOK 5.12m0.0016%
NOK 236.9k
Inge Grubben-Stroemnes
Senior Vice President of Silicon Products16.5yrsNOK 5.61m0.0056%
NOK 832.0k
Louis Vovelle
Senior Vice President of Innovation and Research & Development10.1yrsNOK 4.00m0.0011%
NOK 163.4k
Luiz Simao
Senior Vice President of Carbon Solutions Division4.6yrsNOK 4.89m0.0035%
NOK 520.2k
Morten Voll
Senior Vice President of Strategy & Business Development2yrsNOK 4.00m0.0016%
NOK 245.9k
Tom Preststulen
Managing Partnerno datano datano data
Odd-Geir Lyngstad
Vice President of Finance & Investor Relationsno datano datano data
Fredrik Norman
VP Corporate Communications and Public Affairsno datano datano data

14.1yrs

Average Tenure

60.5yo

Average Age

Experienced Management: ELK's management team is seasoned and experienced (14.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Dag Opedal
Independent Vice Chair of the Board6.9yrsNOK 782.00k0.0063%
NOK 946.0k
Olivier Louis Marie Gerard de Clermont-Tonnerre
Director14.1yrsNOK 521.00k0.0024%
NOK 367.3k
Marianne Johnsen
Independent Director5.8yrsNOK 521.00kno data
Terje Hanssen
Employee Representative Director15.1yrsNOK 420.00kno data
Marianne Faeroyvik
Employee Representative Director8.4yrsNOK 420.00k0.00078%
NOK 116.9k
Heidi Feldborg
Employee Representative Observer5.7yrsNOK 210.00kno data
Grace Tang
Independent Director3.8yrsNOK 521.00kno data
Per Aas
Employee Representative Observer4.6yrsNOK 16.00kno data
Nathalie Brunelle
Independent Director2.8yrsNOK 420.00kno data
Thomas Eggan
Employee Representative Director3.1yrsNOK 420.00kno data
Jan Karlsen
Employee Representative Observer2.6yrsNOK 210.00kno data
Bo Li
Chairman2.1yrsNOK 48.00kno data

5.1yrs

Average Tenure

63yo

Average Age

Experienced Board: ELK's board of directors are considered experienced (5.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 00:57
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