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Market Cap

kr109.2b

Last Updated

2021/04/12 16:21 UTC

Data Sources

Company Financials +

Executive Summary

Norsk Hydro ASA operates as an integrated aluminum company worldwide. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

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.


Market Performance


7 Day Return

-3.7%

NHY

-2.4%

NO Metals and Mining

0.2%

NO Market


1 Year Return

143.1%

NHY

65.6%

NO Metals and Mining

40.7%

NO Market

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.


Shareholder returns

NHYIndustryMarket
7 Day-3.7%-2.4%0.2%
30 Day2.5%1.9%-1.1%
90 Day25.5%4.0%4.0%
1 Year152.5%143.1%71.8%65.6%46.5%40.7%
3 Year12.7%1.0%38.9%21.9%18.3%4.7%
5 Year86.3%57.8%138.9%98.3%79.2%44.7%

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

Valuation

Is Norsk Hydro undervalued compared to its fair value and its price relative to the market?

17.7%

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).


Future Growth

How is Norsk Hydro forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

28.8%

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%).


Past Performance

How has Norsk Hydro performed over the past 5 years?

-36.4%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Norsk Hydro current dividend yield, its reliability and sustainability?

2.37%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 12 2021Ex Dividend DateMay 07 2021Dividend Pay DateMay 19 202112 days from Ex DividendBuy in the next 24 days to receive the upcoming dividend

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Hilde Aasheim (62 yo)

1.92yrs

Tenure

kr9,143,000

Compensation

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.


Leadership Team

Experienced Management: NHY's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: NHY's board of directors are considered experienced (4.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Norsk Hydro ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Norsk Hydro ASA
  • Drammensveien 260
  • Vækerø
  • Oslo
  • Oslo
  • 240
  • Norway

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 16:21
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.