Norsk Hydro Valuation
Is NHY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NHY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NHY (NOK60.68) is trading below our estimate of fair value (NOK93.74)
Significantly Below Fair Value: NHY is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NHY?
Other financial metrics that can be useful for relative valuation.
| What is NHY's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | NOK 121.06b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.8x |
| Enterprise Value/EBITDA | 3.3x |
| PEG Ratio | 10.9x |
Price to Sales Ratio vs Peers
How does NHY's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.2x | ||
YAR Yara International | 0.5x | 2.2% | NOK 80.7b |
1378 China Hongqiao Group | 0.6x | 2.7% | HK$91.3b |
NVL Novelis | 0.7x | n/a | US$11.7b |
PMETAL Press Metal Aluminium Holdings Berhad | 3x | 6.2% | RM 43.2b |
NHY Norsk Hydro | 0.6x | 3.2% | NOK 121.1b |
Price-To-Sales vs Peers: NHY is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does NHY's PE Ratio compare vs other companies in the European Metals and Mining Industry?
Price-To-Sales vs Industry: NHY is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Metals and Mining industry average (0.7x).
Price to Sales Ratio vs Fair Ratio
What is NHY'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.6x |
| Fair PS Ratio | 1.4x |
Price-To-Sales vs Fair Ratio: NHY is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 60.68 | NOK 78.36 +29.1% | 14.3% | NOK 92.00 | NOK 50.00 | n/a | 14 |
| Jul ’25 | NOK 66.80 | NOK 78.57 +17.6% | 13.5% | NOK 93.00 | NOK 50.00 | n/a | 14 |
| Jun ’25 | NOK 70.92 | NOK 76.08 +7.3% | 12.7% | NOK 85.00 | NOK 50.00 | n/a | 13 |
| May ’25 | NOK 68.90 | NOK 76.08 +10.4% | 13.7% | NOK 90.00 | NOK 50.00 | n/a | 13 |
| Apr ’25 | NOK 59.40 | NOK 73.62 +23.9% | 13.8% | NOK 87.00 | NOK 50.00 | n/a | 13 |
| Mar ’25 | NOK 54.86 | NOK 73.62 +34.2% | 14.6% | NOK 87.00 | NOK 50.00 | n/a | 13 |
| Feb ’25 | NOK 61.96 | NOK 75.69 +22.2% | 14.3% | NOK 89.00 | NOK 55.00 | n/a | 13 |
| Jan ’25 | NOK 68.40 | NOK 74.15 +8.4% | 15.8% | NOK 92.00 | NOK 55.00 | n/a | 13 |
| Dec ’24 | NOK 64.46 | NOK 74.00 +14.8% | 18.3% | NOK 95.00 | NOK 55.00 | n/a | 13 |
| Nov ’24 | NOK 62.76 | NOK 75.08 +19.6% | 18.8% | NOK 100.00 | NOK 55.00 | n/a | 13 |
| Oct ’24 | NOK 67.20 | NOK 77.15 +14.8% | 19.1% | NOK 100.00 | NOK 55.00 | n/a | 13 |
| Sep ’24 | NOK 61.42 | NOK 78.43 +27.7% | 18.6% | NOK 100.00 | NOK 55.00 | n/a | 14 |
| Aug ’24 | NOK 66.32 | NOK 79.86 +20.4% | 17.5% | NOK 100.00 | NOK 55.00 | n/a | 14 |
| Jul ’24 | NOK 63.80 | NOK 83.57 +31.0% | 19.5% | NOK 115.00 | NOK 55.00 | NOK 66.80 | 14 |
| Jun ’24 | NOK 66.72 | NOK 85.00 +27.4% | 19.0% | NOK 115.00 | NOK 55.00 | NOK 70.92 | 14 |
| May ’24 | NOK 78.22 | NOK 84.71 +8.3% | 19.4% | NOK 115.00 | NOK 55.00 | NOK 68.90 | 14 |
| Apr ’24 | NOK 77.80 | NOK 82.14 +5.6% | 17.0% | NOK 100.00 | NOK 55.00 | NOK 59.40 | 14 |
| Mar ’24 | NOK 78.86 | NOK 81.50 +3.3% | 17.5% | NOK 100.00 | NOK 55.00 | NOK 54.86 | 12 |
| Feb ’24 | NOK 80.80 | NOK 77.15 -4.5% | 17.6% | NOK 94.00 | NOK 55.00 | NOK 61.96 | 13 |
| Jan ’24 | NOK 73.32 | NOK 73.29 -0.05% | 18.8% | NOK 93.00 | NOK 55.00 | NOK 68.40 | 14 |
| Dec ’23 | NOK 73.16 | NOK 72.29 -1.2% | 18.7% | NOK 90.00 | NOK 55.00 | NOK 64.46 | 14 |
| Nov ’23 | NOK 67.26 | NOK 71.93 +6.9% | 18.6% | NOK 90.00 | NOK 55.00 | NOK 62.76 | 14 |
| Oct ’23 | NOK 58.84 | NOK 76.14 +29.4% | 19.9% | NOK 100.00 | NOK 50.00 | NOK 67.20 | 14 |
| Sep ’23 | NOK 64.56 | NOK 77.29 +19.7% | 17.5% | NOK 100.00 | NOK 55.00 | NOK 61.42 | 14 |
| Aug ’23 | NOK 64.10 | NOK 77.64 +21.1% | 18.0% | NOK 100.00 | NOK 55.00 | NOK 66.32 | 14 |
| Jul ’23 | NOK 54.00 | NOK 91.54 +69.5% | 19.6% | NOK 120.00 | NOK 55.00 | NOK 63.80 | 13 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.