Norsk Hydro ASA operates as an integrated aluminum company worldwide. More Details
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Norsk Hydro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NHY is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NHY's weekly volatility (5%) has been stable over the past year.
7 Day Return
NO Metals and Mining
1 Year Return
NO Metals and Mining
Return vs Industry: NHY exceeded the Norwegian Metals and Mining industry which returned 65.6% over the past year.
Return vs Market: NHY exceeded the Norwegian Market which returned 40.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Norsk Hydro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIs Norsk Hydro (OB:NHY) A Risky Investment?
2 weeks ago | Simply Wall StNorsk Hydro ASA's (OB:NHY) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
1 month ago | Simply Wall StCould Norsk Hydro ASA (OB:NHY) Have The Makings Of Another Dividend Aristocrat?
Is Norsk Hydro undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NHY (NOK53.3) is trading below our estimate of fair value (NOK64.13)
Significantly Below Fair Value: NHY is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NHY is poor value based on its PE Ratio (59.2x) compared to the XE Metals and Mining industry average (14.2x).
PE vs Market: NHY is poor value based on its PE Ratio (59.2x) compared to the Norwegian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: NHY is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: NHY is good value based on its PB Ratio (1.5x) compared to the XE Metals and Mining industry average (1.9x).
How is Norsk Hydro forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NHY's forecast earnings growth (28.8% per year) is above the savings rate (1.4%).
Earnings vs Market: NHY's earnings (28.8% per year) are forecast to grow faster than the Norwegian market (25% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NHY's revenue (4% per year) is forecast to grow slower than the Norwegian market (5.8% per year).
High Growth Revenue: NHY's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NHY's Return on Equity is forecast to be low in 3 years time (9.5%).
How has Norsk Hydro performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NHY has a large one-off gain of NOK2.5B impacting its December 31 2020 financial results.
Growing Profit Margin: NHY became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NHY's earnings have declined by 36.4% per year over the past 5 years.
Accelerating Growth: NHY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NHY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-2.9%).
Return on Equity
High ROE: NHY's Return on Equity (2.1%) is considered low.
How is Norsk Hydro's financial position?
Financial Position Analysis
Short Term Liabilities: NHY's short term assets (NOK60.1B) exceed its short term liabilities (NOK29.0B).
Long Term Liabilities: NHY's short term assets (NOK60.1B) exceed its long term liabilities (NOK57.9B).
Debt to Equity History and Analysis
Debt Level: NHY's debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: NHY's debt to equity ratio has increased from 9.5% to 34% over the past 5 years.
Debt Coverage: NHY's debt is well covered by operating cash flow (51.4%).
Interest Coverage: NHY's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Norsk Hydro current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NHY's dividend (2.35%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.8%).
High Dividend: NHY's dividend (2.35%) is low compared to the top 25% of dividend payers in the Norwegian market (4.97%).
Stability and Growth of Payments
Stable Dividend: NHY's dividend payments have been volatile in the past 10 years.
Growing Dividend: NHY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (138.8%), NHY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NHY's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hilde Aasheim (62 yo)
Mrs. Hilde Merete Aasheim serves as President and Chief Executive Officer of Norsk Hydro ASA since May 8, 2019 and as its Member of Corporate Management Board since November 2008. Mrs. Aasheim served as an...
CEO Compensation Analysis
Compensation vs Market: Hilde's total compensation ($USD1.07M) is about average for companies of similar size in the Norwegian market ($USD1.52M).
Compensation vs Earnings: Hilde's compensation has been consistent with company performance over the past year.
Experienced Management: NHY's management team is considered experienced (2.5 years average tenure).
Experienced Board: NHY's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Norsk Hydro ASA's company bio, employee growth, exchange listings and data sources
- Name: Norsk Hydro ASA
- Ticker: NHY
- Exchange: OB
- Founded: 1905
- Industry: Aluminum
- Sector: Materials
- Market Cap: kr109.218b
- Shares outstanding: 2.05b
- Website: https://www.hydro.com
Number of Employees
- Norsk Hydro ASA
- Drammensveien 260
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates through six segments: Bauxite & Alumina, Aluminium Metal, Metal Markets, Rolling, Extrusions, and Energy. The Bauxite & Alu...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/12 16:21|
|End of Day Share Price||2021/04/12 00:00|
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.