How does ELK's PS Ratio compare to its peers?

ELK is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (3.8x).

How does ELK's PS Ratio compare vs other companies in the European Chemicals Industry?

ELK is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Chemicals industry average (1.1x).

What is ELK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELK is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

What is the Fair Price of ELK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ELK (NOK18.13) is trading below our estimate of [[fair value]] (NOK45.11)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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

ELK Stock Overview

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

ELK fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 59.8% below our estimate of its fair value

Earnings are forecast to grow 79.98% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 28.5%

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (0.1%) are lower than last year (3.9%)

Elkem ASA Competitors

Borregaard

OB:BRG

NOK 18.3b

Tekna Holding

OB:TEKNA

NOK 433.4m

Aqua Bio Technology

OB:ABTEC

NOK 145.9m

Elopak

OB:ELO

NOK 11.7b

Price History & Performance

Summary of all time highs, changes and price drops for Elkem
Historical stock prices
Current Share Price	NOK 18.13
52 Week High	NOK 23.74
52 Week Low	NOK 16.57
Beta	1.49
11 Month Change	-3.46%
3 Month Change	-10.69%
1 Year Change	0.72%
33 Year Change	-42.44%
5 Year Change	-15.28%
Change since IPO	-34.78%

Recent updates

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

Nov 02

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

Oct 27

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

Sep 04

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

Aug 07

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

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

Jul 08

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

May 06

Shareholder Returns

	ELK	NO Chemicals	NO Market
7D	5.5%	2.6%	3.1%
1Y	0.7%	-8.0%	3.9%

Return vs Industry: ELK exceeded the Norwegian Chemicals industry which returned -9.1% over the past year.

Return vs Market: ELK underperformed the Norwegian Market which returned 2.5% over the past year.

Price Volatility

Is ELK's price volatile compared to industry and market?
ELK volatility
ELK Average Weekly Movement	4.9%
Chemicals Industry Average Movement	6.7%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	10.6%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: ELK has not had significant price volatility in the past 3 months compared to the Norwegian market.

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

About the Company

Founded	Employees	CEO	Website
1904	7,400	Helge Aasen	www.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 cap	NOK 11.50b
Earnings (TTM)	NOK 46.00m
Revenue (TTM)	NOK 31.76b

249.9x

P/E Ratio

0.4x

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)
Revenue	NOK 31.76b
Cost of Revenue	NOK 18.24b
Gross Profit	NOK 13.52b
Other Expenses	NOK 13.47b
Earnings	NOK 46.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 12, 2025

Earnings per share (EPS)	0.073
Gross Margin	42.57%
Net Profit Margin	0.14%
Debt/Equity Ratio	67.9%

How did ELK perform over the long term?

See historical performance and comparison

ELK Stock Overview

Rewards

Risk Analysis

Elkem ASA Competitors

OB:BRG

NOK 18.3b

OB:TEKNA

NOK 433.4m

OB:ABTEC

NOK 145.9m

OB:ELO

NOK 11.7b

Price History & Performance

Recent News & Updates

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

Recent updates

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