Norbit ASA provides technology products and solutions in Norway and internationally. More Details
No risks detected for NORBIT from our risk checks.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Norbit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NORBIT is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NORBIT's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NORBIT underperformed the Norwegian Electronic industry which returned 65.1% over the past year.
Return vs Market: NORBIT underperformed the Norwegian Market which returned -4.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Norbit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHave Insiders Been Buying Norbit ASA (OB:NORBIT) Shares?
3 weeks ago | Simply Wall StNorbit ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
4 weeks ago | Simply Wall StNorbit (OB:NORBIT) Is Growing Earnings But Are They A Good Guide?
Is Norbit undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NORBIT (NOK17.95) is trading above our estimate of fair value (NOK9.08)
Significantly Below Fair Value: NORBIT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NORBIT is good value based on its PE Ratio (18.7x) compared to the XE Electronic industry average (25.9x).
PE vs Market: NORBIT is poor value based on its PE Ratio (18.7x) compared to the Norwegian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: NORBIT is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NORBIT is good value based on its PB Ratio (2.2x) compared to the NO Electronic industry average (3.1x).
How is Norbit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NORBIT's forecast earnings growth (45.3% per year) is above the savings rate (1.6%).
Earnings vs Market: NORBIT's earnings (45.3% per year) are forecast to grow faster than the Norwegian market (33.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NORBIT's revenue (11.8% per year) is forecast to grow faster than the Norwegian market (6.1% per year).
High Growth Revenue: NORBIT's revenue (11.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NORBIT's Return on Equity is forecast to be low in 3 years time (19.4%).
How has Norbit performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NORBIT has high quality earnings.
Growing Profit Margin: NORBIT's current net profit margins (8.5%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: NORBIT's earnings have grown significantly by 29.8% per year over the past 5 years.
Accelerating Growth: NORBIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NORBIT had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Electronic industry average (-7.5%).
Return on Equity
High ROE: NORBIT's Return on Equity (12%) is considered low.
How is Norbit's financial position?
Financial Position Analysis
Short Term Liabilities: NORBIT's short term assets (NOK354.2M) exceed its short term liabilities (NOK174.0M).
Long Term Liabilities: NORBIT's short term assets (NOK354.2M) exceed its long term liabilities (NOK37.9M).
Debt to Equity History and Analysis
Debt Level: NORBIT's debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NORBIT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NORBIT's debt is well covered by operating cash flow (93.1%).
Interest Coverage: NORBIT's interest payments on its debt are well covered by EBIT (114.2x coverage).
What is Norbit current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NORBIT's dividend (1.67%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.45%).
High Dividend: NORBIT's dividend (1.67%) is low compared to the top 25% of dividend payers in the Norwegian market (6.03%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NORBIT's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NORBIT's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.2%), NORBIT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NORBIT's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Per Jørgen Weisethaunet is the current Group CEO of Norbit ASA, which position he has held since joining in 2001. Mr. Weisethaunet has been the co-owner of NORBIT since 2008. Further, Mr. Weisethaunet ...
CEO Compensation Analysis
Compensation vs Market: Per's total compensation ($USD965.00K) is above average for companies of similar size in the Norwegian market ($USD380.15K).
Compensation vs Earnings: Per's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Deputy Chairperson||1.5yrs||kr190.00k||0.089% |
|Board Member||1.5yrs||kr117.00k||0.058% |
|Board Member||1.5yrs||kr88.00k||0.047% |
|Board Member||11.5yrs||kr88.00k||0.12% |
Experienced Board: NORBIT's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
Norbit ASA's company bio, employee growth, exchange listings and data sources
- Name: Norbit ASA
- Ticker: NORBIT
- Exchange: OB
- Founded: 1980
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: kr1.019b
- Shares outstanding: 56.79m
- Website: https://www.norbit.com
Number of Employees
- Norbit ASA
- Stiklestadveien 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NORBIT||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jun 2019|
|4NK||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2019|
Norbit ASA provides technology products and solutions in Norway and internationally. The company offers monitoring and detection services for maritime, and offshore oil and gas projects; consultancy servic...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/24 21:26|
|End of Day Share Price||2020/11/24 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.