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RANA

Rana Gruber OB:RANA Stock Report

Last Price

kr50.70

Market Cap

kr1.9b

7D

5.5%

1Y

-25.3%

Updated

11 Aug, 2022

Data

Company Financials +
RANA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

RANA Stock Overview

Rana Gruber AS engages in the mining, production, and sale of iron ore concentrate primarily to steel producers and the chemical industry.

Rana Gruber Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rana Gruber
Historical stock prices
Current Share Pricekr50.70
52 Week Highkr70.91
52 Week Lowkr36.80
Beta0
1 Month Change13.30%
3 Month Change-9.46%
1 Year Change-25.33%
3 Year Changen/a
5 Year Changen/a
Change since IPO-23.07%

Recent News & Updates

Shareholder Returns

RANANO Metals and MiningNO Market
7D5.5%6.2%1.9%
1Y-25.3%7.1%9.8%

Return vs Industry: RANA underperformed the Norwegian Metals and Mining industry which returned 4.7% over the past year.

Return vs Market: RANA underperformed the Norwegian Market which returned 8.7% over the past year.

Price Volatility

Is RANA's price volatile compared to industry and market?
RANA volatility
RANA Average Weekly Movement4.9%
Metals and Mining Industry Average Movement6.0%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.5%
10% least volatile stocks in NO Market3.7%

Stable Share Price: RANA is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1937300Gunnar Moehttps://ranagruber.no

Rana Gruber AS engages in the mining, production, and sale of iron ore concentrate primarily to steel producers and the chemical industry. It excavates, processes, and sells iron oxide in the form of hematite, magnetite, and iron oxide pigments. The company also produces and sells micronized iron oxides and other dissemination of iron ore for paint manufactures, as well as building and automotive industries.

Rana Gruber Fundamentals Summary

How do Rana Gruber's earnings and revenue compare to its market cap?
RANA fundamental statistics
Market Capkr1.88b
Earnings (TTM)kr438.54m
Revenue (TTM)kr1.67b

4.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RANA income statement (TTM)
Revenuekr1.67b
Cost of Revenuekr299.91m
Gross Profitkr1.37b
Other Expenseskr936.20m
Earningskr438.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)11.83
Gross Margin82.09%
Net Profit Margin26.19%
Debt/Equity Ratio0%

How did RANA perform over the long term?

See historical performance and comparison

Dividends

18.4%

Current Dividend Yield

72%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is RANA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RANA?

Other financial metrics that can be useful for relative valuation.

RANA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA2.1x
PEG Ratio-5.2x

Price to Earnings Ratio vs Peers

How does RANA's PE Ratio compare to its peers?

RANA PE Ratio vs Peers
The above table shows the PE ratio for RANA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
NOM Nordic Mining
3.6xn/akr728.3m
ELO Elopak
95.1x75.1%kr5.1b
NSKOG Norske Skog
5x-16.2%kr6.6b
RAM Ramada Investimentos e Industria
9.5x-27.7%€180.0m
RANA Rana Gruber
4.3x-0.8%kr1.9b

Price-To-Earnings vs Peers: RANA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does RANA's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Earnings vs Industry: RANA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the European Metals and Mining industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

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

RANA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: RANA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).


Share Price vs Fair Value

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

Below Fair Value: RANA (NOK50.7) is trading below our estimate of fair value (NOK217.08)

Significantly Below Fair Value: RANA is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Rana Gruber forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RANA's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: RANA's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: RANA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RANA's revenue is expected to decline over the next 3 years (-3.9% per year).

High Growth Revenue: RANA's revenue is forecast to decline over the next 3 years (-3.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RANA's Return on Equity is forecast to be very high in 3 years time (53.6%).


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Past Performance

How has Rana Gruber performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


59.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RANA has high quality earnings.

Growing Profit Margin: RANA's current net profit margins (26.2%) are higher than last year (24.1%).


Past Earnings Growth Analysis

Earnings Trend: RANA's earnings have grown significantly by 59.1% per year over the past 5 years.

Accelerating Growth: RANA's earnings growth over the past year (1%) is below its 5-year average (59.1% per year).

Earnings vs Industry: RANA earnings growth over the past year (1%) underperformed the Metals and Mining industry 96.2%.


Return on Equity

High ROE: RANA's Return on Equity (82.6%) is considered outstanding.


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Financial Health

How is Rana Gruber's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RANA's short term assets (NOK530.8M) exceed its short term liabilities (NOK421.0M).

Long Term Liabilities: RANA's short term assets (NOK530.8M) exceed its long term liabilities (NOK143.4M).


Debt to Equity History and Analysis

Debt Level: RANA is debt free.

Reducing Debt: RANA had no debt 5 years ago.

Debt Coverage: RANA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RANA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Rana Gruber current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


18.38%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RANA's dividend (18.38%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.67%).

High Dividend: RANA's dividend (18.38%) is in the top 25% of dividend payers in the Norwegian market (6.77%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether RANA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if RANA's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (72.4%), RANA's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.1%), RANA's dividend payments are covered by cash flows.


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Management

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

5.6yrs

Average management tenure


CEO

Gunnar Moe

5.58yrs

Tenure

Mr. Gunnar Moe is Chief Executive Officer at Rana Gruber AS since 2017. He served as the Chief Executive Officer of MOMEK Group AS. Mr. Moe served as the Chief Executive Officer of Rana Gruber AS from 2010...


Leadership Team

Experienced Management: RANA's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: RANA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Rana Gruber ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Rana Gruber ASA
  • Ticker: RANA
  • Exchange: OB
  • Founded: 1937
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: kr1.880b
  • Shares outstanding: 37.09m
  • Website: https://ranagruber.no

Number of Employees


Location

  • Rana Gruber ASA
  • Mjølanveien 29
  • Gullsmedvik
  • Mo i Rana
  • Nordland
  • 8601
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.