| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NORBT Overview
NORBIT ASA provides technology products and solutions.
Norbit Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr26.50 |
| 52 Week High | kr14.90 |
| 52 Week Low | kr28.50 |
| Beta | 0.93 |
| 1 Month Change | 3.52% |
| 3 Month Change | 35.90% |
| 1 Year Change | 60.61% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 27.47% |
Recent News & Updates
Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts
Norbit ASA ( OB:NORBT ) shareholders will have a reason to smile today, with the covering analyst making substantial...
Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Shareholder Returns
| NORBT | NO Electronic | NO Market | |
|---|---|---|---|
| 7D | 8.2% | 3.9% | 4.0% |
| 1Y | 60.6% | 31.3% | 25.1% |
Return vs Industry: NORBT exceeded the Norwegian Electronic industry which returned 31.3% over the past year.
Return vs Market: NORBT exceeded the Norwegian Market which returned 25.1% over the past year.
Price Volatility
| NORBT volatility | |
|---|---|
| NORBT Beta | 0.93 |
| Industry Beta | 1.23 |
| Market Beta | 1 |
Stable Share Price: NORBT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NORBT's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1980 | 245 | Per Weisethaunet | https://www.norbit.com |
NORBIT ASA provides technology products and solutions. It operates through three segments: Oceans, Intelligent Traffic Systems, and Product Innovation & Realization. The company designs and develops wideband multibeam sonars used for hydrographic and forward-looking applications, as well as for detection of advanced subsea leakage; and provides cable assemblies, electromechanical box builds, and operational solutions.
Norbit Fundamentals Summary
| NORBT fundamental statistics | |
|---|---|
| Market Cap | kr1.55b |
| Earnings (TTM) | kr36.54m |
| Revenue (TTM) | kr650.73m |
42.4x
P/E Ratio2.4x
P/S RatioIs NORBT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NORBT income statement (TTM) | |
|---|---|
| Revenue | kr650.73m |
| Cost of Revenue | kr307.83m |
| Gross Profit | kr342.89m |
| Expenses | kr306.35m |
| Earnings | kr36.54m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
| Earnings per share (EPS) | 0.63 |
| Gross Margin | 52.69% |
| Net Profit Margin | 5.62% |
| Debt/Equity Ratio | 32.0% |
How did NORBT perform over the long term?
See historical performance and comparisonDividends
1.1%
Current Dividend Yield47%
Payout RatioValuation
Is Norbit undervalued compared to its fair value and its price relative to the market?
42.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NORBT (NOK26.5) is trading above our estimate of fair value (NOK17.41)
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 (42.4x) compared to the European Electronic industry average (25.8x).
PE vs Market: NORBT is poor value based on its PE Ratio (42.4x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: NORBT is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: NORBT is good value based on its PB Ratio (3.5x) compared to the NO Electronic industry average (4x).
Future Growth
How is Norbit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
42.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NORBT's forecast earnings growth (42.2% per year) is above the savings rate (1.2%).
Earnings vs Market: NORBT's earnings (42.2% per year) are forecast to grow faster than the Norwegian market (10% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NORBT's revenue (14.8% per year) is forecast to grow faster than the Norwegian market (5.5% per year).
High Growth Revenue: NORBT's revenue (14.8% 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 (24.1%)
Past Performance
How has Norbit performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NORBT has high quality earnings.
Growing Profit Margin: NORBT's current net profit margins (5.6%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: NORBT's earnings have grown by 10.8% 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 (-38.3%) over the past year, making it difficult to compare to the Electronic industry average (30.6%).
Return on Equity
High ROE: NORBT's Return on Equity (8.2%) is considered low.
Financial Health
How is Norbit's financial position?
Financial Position Analysis
Short Term Liabilities: NORBT's short term assets (NOK396.7M) exceed its short term liabilities (NOK274.2M).
Long Term Liabilities: NORBT's short term assets (NOK396.7M) exceed its long term liabilities (NOK36.8M).
Debt to Equity History and Analysis
Debt Level: NORBT's debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: NORBT's debt to equity ratio has reduced from 165.3% to 32% over the past 5 years.
Debt Coverage: NORBT's debt is well covered by operating cash flow (47.1%).
Interest Coverage: NORBT's interest payments on its debt are well covered by EBIT (15.1x coverage).
Balance Sheet
Dividend
What is Norbit current dividend yield, its reliability and sustainability?
1.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NORBT's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.85%).
High Dividend: NORBT's dividend (1.13%) is low compared to the top 25% of dividend payers in the Norwegian market (5.08%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NORBT has been paying a dividend for less than 10 years.
Growing Dividend: NORBT has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.6%), NORBT's dividend payments are well 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?
5.7yrs
Average management tenure
CEO
Per Weisethaunet
20.67yrs
Tenure
kr2,847,000
Compensation
Mr. Per Jorgen Weisethaunet has been Group Chief Executive Officer 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....
CEO Compensation Analysis
Compensation vs Market: Per's total compensation ($USD330.99K) is below average for companies of similar size in the Norwegian market ($USD531.40K).
Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NORBT's management team is seasoned and experienced (5.7 years average tenure).
Board Members
Experienced Board: NORBT's board of directors are not considered experienced ( 2.3 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 been diluted in the past year, with total shares outstanding growing by 2.9%.
Top Shareholders
Company Information
Norbit ASA's 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: kr1.549b
- Shares outstanding: 58.46m
- Website: https://www.norbit.com
Number of Employees
Location
- Norbit ASA
- Stiklestadveien 1
- Trondheim
- Sør-Trøndelag
- 7041
- Norway
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 21:25 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| 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.