Elkem Past Earnings Performance

Past criteria checks 1/6

Elkem has been growing earnings at an average annual rate of 10.5%, while the Chemicals industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 10.9% per year. Elkem's return on equity is 0.6%, and it has net margins of 0.1%.

Key information

10.5%

Earnings growth rate

9.8%

EPS growth rate

Chemicals Industry Growth	32.6%
Revenue growth rate	10.9%
Return on equity	0.6%
Net Margin	0.1%
Next Earnings Update	12 Feb 2025

Recent past performance updates

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

Nov 02

Recent updates

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

Jul 17

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

Jun 11

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

May 27

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

May 11

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

Apr 22

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

Apr 09

Is Elkem (OB:ELK) A Risky Investment?

Dec 15

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

Oct 23

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

Oct 04

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

Aug 19

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

Aug 03

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

Jul 15

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

Jun 21

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

Apr 16

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

Apr 03

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

Mar 20

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

Nov 25

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

Aug 16

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

Jul 20

Revenue & Expenses Breakdown

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
30 Sep 24	31,759	46	5,379
30 Jun 24	31,779	-502	5,319
31 Mar 24	32,459	-1,319	5,344
31 Dec 23	34,364	72	5,311
30 Sep 23	36,517	1,427	5,168
30 Jun 23	39,820	4,929	5,159
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 has a large one-off loss of NOK355.0M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: ELK's current net profit margins (0.1%) are lower than last year (3.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ELK's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: ELK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ELK had negative earnings growth (-96.8%) over the past year, making it difficult to compare to the Chemicals industry average (-4.7%).

Return on Equity

High ROE: ELK's Return on Equity (0.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:55
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

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.

Analyst	Institution
Sebastian Satz	Citigroup Inc
Mubasher Chaudhry	Citigroup Inc
Niclas Gehin	DNB Markets

Elkem Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

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

Third quarter 2024 earnings released: EPS: kr0.14 (vs kr0.72 loss in 3Q 2023)

Second quarter 2024 earnings released: EPS: kr1.35 (vs kr0.057 in 2Q 2023)

Elkem ASA to Report First Half, 2025 Results on Jul 15, 2025

Full year 2023 earnings: EPS misses analyst expectations

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Recent updates

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

Consensus EPS estimates fall by 15%

Elkem ASA Secures EUR 1.8 Million European Union Grant to Explore CO2-Free Silicon Production

Elkem ASA Secures EUR 1.8 Million European Union Grant to Explore CO2-Free Silicon Production

Price target decreased by 7.3% to kr23.10

Consensus EPS estimates increase by 17%

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

Third quarter 2024 earnings released: EPS: kr0.14 (vs kr0.72 loss in 3Q 2023)

Elkem to Launch A New Generation of Silicone Solutions for Additive Manufacturing/3D Printing At Formnext 2024 in Frankfurt

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

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

Second quarter 2024 earnings released: EPS: kr1.35 (vs kr0.057 in 2Q 2023)

Elkem ASA, Annual General Meeting, Apr 30, 2025

Elkem ASA to Report First Half, 2025 Results on Jul 15, 2025

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

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

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).