Elkem Past Earnings Performance

Past criteria checks 0/6

Elkem has been growing earnings at an average annual rate of 22.3%, while the Chemicals industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 13.8% per year.

Key information

22.3%

Earnings growth rate

20.9%

EPS growth rate

Chemicals Industry Growth	32.6%
Revenue growth rate	13.8%
Return on equity	-5.0%
Net Margin	-4.1%
Next Earnings Update	12 Jul 2024

Recent past performance updates

Recent updates

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

Apr 22

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

Revenue & Expenses Breakdown
Beta

How Elkem makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:ELK Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	32,459	-1,319	5,344
31 Dec 23	34,364	72	5,311
30 Sep 23	36,517	1,426	5,246
30 Jun 23	39,821	4,928	5,193
31 Mar 23	42,988	7,855	5,062
31 Dec 22	45,017	9,561	4,979
30 Sep 22	45,073	10,631	4,914
30 Jun 22	42,671	8,956	4,846
31 Mar 22	37,733	6,602	4,728
31 Dec 21	33,083	4,628	4,578
30 Sep 21	29,779	2,770	4,438
30 Jun 21	26,856	1,294	4,219
31 Mar 21	25,387	672	4,110
31 Dec 20	24,025	239	4,060
30 Sep 20	22,498	150	3,919
30 Jun 20	22,260	460	3,914
31 Mar 20	22,204	616	3,819
31 Dec 19	22,245	855	3,727
30 Sep 19	22,840	1,211	3,828
30 Jun 19	23,138	1,921	3,730
31 Mar 19	24,282	3,104	3,667
31 Dec 18	24,968	3,337	3,584
30 Sep 18	25,216	3,620	3,527
30 Jun 18	24,680	3,077	3,457
31 Mar 18	22,995	2,011	3,391
31 Dec 17	21,133	1,211	3,303
31 Dec 16	14,045	722	2,696
31 Dec 15	14,361	809	2,561
31 Dec 14	12,523	166	2,322

Quality Earnings: ELK is currently unprofitable.

Growing Profit Margin: ELK is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ELK is unprofitable, but has reduced losses over the past 5 years at a rate of 22.3% per year.

Accelerating Growth: Unable to compare ELK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ELK is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-19%).

Return on Equity

High ROE: ELK has a negative Return on Equity (-4.96%), as it is currently unprofitable.

Elkem Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS misses analyst expectations

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

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

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

Recent updates

Elkem ASA Announces Board Changes

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

New major risk - Financial position

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

Full year 2023 earnings: EPS misses analyst expectations

Less than half of directors are independent

An unknown buyer acquired unknown minority stake in Vianode AS from Elkem ASA (OB:ELK).

Elkem Appoints Sandy Chen as Acting Senior Vice President for Silicones Division

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem Postpones Start-Up of Iceland Furnace

Is Elkem (OB:ELK) A Risky Investment?

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

Revenue & Expenses Breakdown
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