Executive Summary
Norbit ASA provides technology products and solutions in Norway and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with high growth potential.
Similar Companies
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: NORBT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NORBT's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
NORBT
-1.8%
NO Electronic
2.8%
NO Market
1 Year Return
5.3%
NORBT
107.4%
NO Electronic
26.4%
NO Market
Return vs Industry: NORBT underperformed the Norwegian Electronic industry which returned 101.1% over the past year.
Return vs Market: NORBT underperformed the Norwegian Market which returned 19.1% over the past year.
Shareholder returns
| NORBT | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.8% | 2.8% |
| 30 Day | -4.5% | 8.9% | 3.0% |
| 90 Day | 0% | 13.4% | 12.4% |
| 1 Year | 9.4%5.3% | 112.1%107.4% | 31.3%26.4% |
| 3 Year | n/a | -29.3%-30.7% | 20.0%5.9% |
| 5 Year | n/a | -56.9%-57.5% | 79.0%44.3% |
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
4 days ago | Simply Wall St
Declining Stock and Decent Financials: Is The Market Wrong About Norbit ASA (OB:NORBT)?3 weeks ago | Simply Wall St
Group Chief Executive Officer Per Weisethaunet Just Bought A Handful Of Shares In Norbit ASA (OB:NORBT)1 month ago | Simply Wall St
Should You Buy Norbit ASA (OB:NORBT) For Its Dividend?Valuation
Is Norbit undervalued compared to its fair value and its price relative to the market?
39.27x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NORBT (NOK18.95) is trading above our estimate of fair value (NOK12.09)
Significantly Below Fair Value: NORBT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NORBT is poor value based on its PE Ratio (39.3x) compared to the XE Electronic industry average (27.8x).
PE vs Market: NORBT is poor value based on its PE Ratio (39.3x) compared to the Norwegian market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: NORBT is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: NORBT is good value based on its PB Ratio (2.5x) compared to the NO Electronic industry average (4.3x).
Next Steps
Future Growth
How is Norbit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
41.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NORBT's forecast earnings growth (41.6% per year) is above the savings rate (1.4%).
Earnings vs Market: NORBT's earnings (41.6% per year) are forecast to grow faster than the Norwegian market (26.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NORBT's revenue (10.6% per year) is forecast to grow faster than the Norwegian market (7.5% per year).
High Growth Revenue: NORBT's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NORBT's Return on Equity is forecast to be high in 3 years time (20.7%)
Next Steps
Past Performance
How has Norbit performed over the past 5 years?
24.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NORBT has high quality earnings.
Growing Profit Margin: NORBT's current net profit margins (4.4%) are lower than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: NORBT's earnings have grown significantly by 24.1% per year over the past 5 years.
Accelerating Growth: NORBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NORBT had negative earnings growth (-64.4%) over the past year, making it difficult to compare to the Electronic industry average (-2%).
Return on Equity
High ROE: NORBT's Return on Equity (6.3%) is considered low.
Next Steps
Financial Health
How is Norbit's financial position?
Financial Position Analysis
Short Term Liabilities: NORBT's short term assets (NOK326.5M) exceed its short term liabilities (NOK207.3M).
Long Term Liabilities: NORBT's short term assets (NOK326.5M) exceed its long term liabilities (NOK27.6M).
Debt to Equity History and Analysis
Debt Level: NORBT's debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: NORBT's debt to equity ratio has reduced from 157% to 21.7% over the past 5 years.
Debt Coverage: NORBT's debt is well covered by operating cash flow (97.3%).
Interest Coverage: NORBT's interest payments on its debt are well covered by EBIT (42.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Norbit current dividend yield, its reliability and sustainability?
1.58%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NORBT's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.97%).
High Dividend: NORBT's dividend (1.58%) is low compared to the top 25% of dividend payers in the Norwegian market (5.37%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NORBT's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NORBT's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.2%), NORBT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NORBT's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average board tenure
CEO
Per Weisethaunet
20.17yrs
Tenure
kr8,620,000
Compensation
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 ($USD1.02M) is above average for companies of similar size in the Norwegian market ($USD377.54K).
Compensation vs Earnings: Per's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Chairperson | 1.83yrs | kr190.00k | 0.089% NOK 966.5k | |
| Chairperson | 1.83yrs | kr292.00k | 0.12% NOK 1.3m | |
| Board Member | 1.83yrs | kr117.00k | 0.058% NOK 630.0k | |
| Board Member | 1.83yrs | kr88.00k | 0.073% NOK 793.7k | |
| Board Member | 11.83yrs | kr88.00k | 0.12% NOK 1.3m |
1.8yrs
Average Tenure
60yo
Average Age
Experienced Board: NORBT's board of directors are not considered experienced ( 1.8 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: NORBT 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
Norbit ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Norbit ASA
- Ticker: NORBT
- Exchange: OB
- Founded: 1980
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: kr1.087b
- Shares outstanding: 56.79m
- Website: https://www.norbit.com
Number of Employees
Location
- Norbit ASA
- Stiklestadveien 1
- Trondheim
- Sør-Trøndelag
- 7041
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NORBT | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Jun 2019 |
| 4NK | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2019 |
Biography
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 | 2021/03/05 17:22 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.