NORBT Stock Overview
NORBIT ASA provides technology products and solutions.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr24.40|
|52 Week High||kr38.30|
|52 Week Low||kr22.90|
|1 Month Change||-12.86%|
|3 Month Change||-4.69%|
|1 Year Change||-17.29%|
|3 Year Change||25.13%|
|5 Year Change||n/a|
|Change since IPO||17.36%|
Recent News & Updates
A Look At The Fair Value Of Norbit ASA (OB:NORBT)
Does the May share price for Norbit ASA ( OB:NORBT ) reflect what it's really worth? Today, we will estimate the...
|NORBT||NO Electronic||NO Market|
Return vs Industry: NORBT exceeded the Norwegian Electronic industry which returned -40% over the past year.
Return vs Market: NORBT underperformed the Norwegian Market which returned -4.5% over the past year.
|NORBT Average Weekly Movement||5.3%|
|Electronic Industry Average Movement||7.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||11.2%|
|10% least volatile stocks in NO Market||3.8%|
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.
About the Company
NORBIT ASA provides technology products and solutions. It operates through three segments: Oceans, Connectivity, and Product Innovation and 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 business solutions.
Norbit Fundamentals Summary
|NORBT fundamental statistics|
Is NORBT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NORBT income statement (TTM)|
|Cost of Revenue||kr452.10m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 11, 2022
|Earnings per share (EPS)||1.32|
|Net Profit Margin||7.75%|
How did NORBT perform over the long term?See historical performance and comparison
1.2%Current Dividend Yield
Is NORBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NORBT?
Other financial metrics that can be useful for relative valuation.
|What is NORBT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NORBT's PE Ratio compare to its peers?
|NORBT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SMOP Smartoptics Group
Price-To-Earnings vs Peers: NORBT is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (25.9x).
Price to Earnings Ratio vs Industry
How does NORBT's PE Ratio compare vs other companies in the European Electronic Industry?
Price-To-Earnings vs Industry: NORBT is good value based on its Price-To-Earnings Ratio (18.5x) compared to the European Electronic industry average (19x)
Price to Earnings Ratio vs Fair Ratio
What is NORBT'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.
|Current PE Ratio||18.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NORBT's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NORBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NORBT (NOK24.4) is trading above our estimate of fair value (NOK23.33)
Significantly Below Fair Value: NORBT is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Norbit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if NORBT's forecast earnings growth is above the savings rate (1.1%).
Earnings vs Market: Insufficient data to determine if NORBT's earnings are forecast to grow faster than the Norwegian market
High Growth Earnings: Insufficient data to determine if NORBT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NORBT's revenue (15% per year) is forecast to grow faster than the Norwegian market (0.2% per year).
High Growth Revenue: NORBT's revenue (15% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NORBT's Return on Equity is forecast to be high in 3 years time
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How has Norbit performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NORBT has high quality earnings.
Growing Profit Margin: NORBT's current net profit margins (7.8%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: NORBT's earnings have declined by 0.3% per year over the past 5 years.
Accelerating Growth: NORBT's earnings growth over the past year (112.2%) exceeds its 5-year average (-0.3% per year).
Earnings vs Industry: NORBT earnings growth over the past year (112.2%) exceeded the Electronic industry 11.1%.
Return on Equity
High ROE: NORBT's Return on Equity (14.4%) is considered low.
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How is Norbit's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NORBT's short term assets (NOK600.8M) exceed its short term liabilities (NOK392.5M).
Long Term Liabilities: NORBT's short term assets (NOK600.8M) exceed its long term liabilities (NOK170.3M).
Debt to Equity History and Analysis
Debt Level: NORBT's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: NORBT's debt to equity ratio has reduced from 148.3% to 59.2% over the past 5 years.
Debt Coverage: NORBT's debt is well covered by operating cash flow (24.4%).
Interest Coverage: NORBT's interest payments on its debt are well covered by EBIT (9.6x coverage).
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What is Norbit current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Norbit Dividend Yield vs Market|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Electronic)||2.0%|
|Analyst forecast in 3 Years (Norbit)||5.1%|
Notable Dividend: NORBT's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (3.8%).
High Dividend: NORBT's dividend (1.23%) is low compared to the top 25% of dividend payers in the Norwegian market (7.97%).
Stability and Growth of Payments
Stable Dividend: NORBT is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: NORBT is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: NORBT is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: NORBT is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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
|Per Weisethaunet's Compensation vs Norbit Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||kr4m||kr3m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||kr3m||kr3m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||kr9m||kr2m|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||kr2m||kr2m|
Compensation vs Market: Per's total compensation ($USD335.36K) is about average for companies of similar size in the Norwegian market ($USD322.95K).
Compensation vs Earnings: Per's compensation has increased by more than 20% in the past year.
Experienced Management: NORBT's management team is seasoned and experienced (6.7 years average tenure).
Experienced Board: NORBT's board of directors are not considered experienced ( 1.8 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: NORBT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|08 Sep 22||Buykr265,000||Per Weisethaunet||Individual||10,000||kr26.50|
|13 May 22||Buykr247,630||Bente Landsnes||Individual||9,000||kr27.51|
|11 Nov 21||Buykr834,250||Per Weisethaunet||Individual||25,000||kr33.37|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Norbit ASA's employee growth, exchange listings and data sources
- Name: Norbit ASA
- Ticker: NORBT
- Exchange: OB
- Founded: 1980
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: kr1.437b
- Shares outstanding: 58.88m
- Website: https://www.norbit.com
Number of Employees
- Norbit ASA
- Stiklestadveien 1
|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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.