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Elmera Group ASAOB:ELMRA Stock Report

Market Cap NOK 3.5b
Share Price
NOK 31.75
NOK 25
27.0% overvalued intrinsic discount
1Y-7.2%
7D1.0%
Portfolio Value
View

Elmera Group ASA

OB:ELMRA Stock Report

Market Cap: NOK 3.5b

Elmera Group (ELMRA) Stock Overview

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland. More details

ELMRA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance0/6
Financial Health2/6
Dividends1/6

ELMRA Community Fair Values

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Elmera Group ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Elmera Group
Historical stock prices
Current Share PriceNOK 31.75
52 Week HighNOK 42.55
52 Week LowNOK 30.50
Beta0.73
1 Month Change-7.57%
3 Month Change-0.94%
1 Year Change-7.16%
3 Year Change41.24%
5 Year Change-43.95%
Change since IPO2.42%

Recent News & Updates

Analysis Article May 16

Elmera Group ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Elmera Group ASA ( OB:ELMRA ) recently reported its first-quarter numbers. Revenues of kr7.0b...
Narrative Update Apr 23

ELMRA: Nordic Expansion And Dividend Policy Will Support A More Optimistic Outlook

Analysts have trimmed their price target on Elmera Group from NOK 46 to NOK 43, citing updated assumptions for the discount rate, revenue growth, profit margin and P/E. What's in the News Elmera Group is actively looking for acquisitions, with management highlighting increased interest from potential sellers in Norway, Sweden and Finland and a focus on gaining market share and customer growth in the Nordic region (Key Developments).

Recent updates

Analysis Article May 16

Elmera Group ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Elmera Group ASA ( OB:ELMRA ) recently reported its first-quarter numbers. Revenues of kr7.0b...
Narrative Update Apr 23

ELMRA: Nordic Expansion And Dividend Policy Will Support A More Optimistic Outlook

Analysts have trimmed their price target on Elmera Group from NOK 46 to NOK 43, citing updated assumptions for the discount rate, revenue growth, profit margin and P/E. What's in the News Elmera Group is actively looking for acquisitions, with management highlighting increased interest from potential sellers in Norway, Sweden and Finland and a focus on gaining market share and customer growth in the Nordic region (Key Developments).
Analysis Article Apr 17

Earnings Troubles May Signal Larger Issues for Elmera Group (OB:ELMRA) Shareholders

A lackluster earnings announcement from Elmera Group ASA ( OB:ELMRA ) last week didn't sink the stock price. We think...
Analysis Article Feb 14

Pinning Down Elmera Group ASA's (OB:ELMRA) P/E Is Difficult Right Now

There wouldn't be many who think Elmera Group ASA's ( OB:ELMRA ) price-to-earnings (or "P/E") ratio of 13x is worth a...
Narrative Update Feb 10

ELMRA: Higher Future P/E Multiple Will Support A More Optimistic Outlook

Analysts have raised their fair value estimate for Elmera Group from €41.00 to €46.00. They cite updated assumptions on the discount rate, revenue growth, profit margin and a higher future P/E multiple as the key drivers of the new target.
Analysis Article Aug 29

Elmera Group's (OB:ELMRA) Shareholders May Want To Dig Deeper Than Statutory Profit

The recent earnings posted by Elmera Group ASA ( OB:ELMRA ) were solid, but the stock didn't move as much as we...
Analysis Article Aug 25

Elmera Group ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Elmera Group ASA ( OB:ELMRA ) last week released its latest second-quarter, and things did not turn...
Analysis Article Apr 24

Shareholders May Not Be So Generous With Elmera Group ASA's (OB:ELMRA) CEO Compensation And Here's Why

Key Insights Elmera Group's Annual General Meeting to take place on 30th of April CEO Rolf Barmen's total compensation...
Analysis Article Apr 20

Elmera Group's (OB:ELMRA) Upcoming Dividend Will Be Larger Than Last Year's

Elmera Group ASA ( OB:ELMRA ) has announced that it will be increasing its dividend from last year's comparable payment...
Analysis Article Apr 06

Elmera Group's (OB:ELMRA) Upcoming Dividend Will Be Larger Than Last Year's

Elmera Group ASA ( OB:ELMRA ) has announced that it will be increasing its dividend from last year's comparable payment...
User avatar
New Narrative Feb 26

Seasonal Competition And Mild Weather Will Pressure Future Revenues In Nordic Electricity Market

Seasonal demand shifts and increased competition pose challenges for revenue and customer growth, impacting spot products and consumer acquisition.
Analysis Article Feb 22

Solid Earnings May Not Tell The Whole Story For Elmera Group (OB:ELMRA)

Elmera Group ASA's ( OB:ELMRA ) healthy profit numbers didn't contain any surprises for investors. We think this is due...
Analysis Article Feb 16

Elmera Group ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Elmera Group ASA ( OB:ELMRA ) just released its yearly report and things are looking bullish. The company beat...
Analysis Article Feb 07

Broker Revenue Forecasts For Elmera Group ASA (OB:ELMRA) Are Surging Higher

Elmera Group ASA ( OB:ELMRA ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Feb 01

Elmera Group (OB:ELMRA) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Aug 23

We Think Elmera Group's (OB:ELMRA) Solid Earnings Are Understated

Elmera Group ASA's ( OB:ELMRA ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
Analysis Article Aug 17

Elmera Group ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in Elmera Group ASA ( OB:ELMRA ) had a good week, as its shares rose 2.9% to close at kr35.00 following the...
Analysis Article Apr 18

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Key Insights Elmera Group will host its Annual General Meeting on 24th of April CEO Rolf Barmen's total compensation...
Analysis Article Feb 22

We Like The Quality Of Elmera Group's (OB:ELMRA) Earnings

Elmera Group ASA's ( OB:ELMRA ) solid earnings announcement recently didn't do much to the stock price. We did some...
Analysis Article Jan 27

We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Dec 23

Investors Appear Satisfied With Elmera Group ASA's (OB:ELMRA) Prospects As Shares Rocket 25%

Elmera Group ASA ( OB:ELMRA ) shareholders have had their patience rewarded with a 25% share price jump in the last...
Analysis Article Dec 17

New Forecasts: Here's What Analysts Think The Future Holds For Elmera Group ASA (OB:ELMRA)

Elmera Group ASA ( OB:ELMRA ) shareholders will have a reason to smile today, with the analysts making substantial...

Shareholder Returns

ELMRANO Electric UtilitiesNO Market
7D1.0%-0.1%3.2%
1Y-7.2%19.6%22.9%

Return vs Industry: ELMRA underperformed the Norwegian Electric Utilities industry which returned 18.9% over the past year.

Return vs Market: ELMRA underperformed the Norwegian Market which returned 21.9% over the past year.

Price Volatility

Is ELMRA's price volatile compared to industry and market?
ELMRA volatility
ELMRA Average Weekly Movement4.1%
Electric Utilities Industry Average Movement4.0%
Market Average Movement5.5%
10% most volatile stocks in NO Market12.2%
10% least volatile stocks in NO Market3.3%

Stable Share Price: ELMRA has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: ELMRA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001433Rolf Barmenelmeragroup.no

Elmera Group ASA, together with its subsidiaries, engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland. The company operates through Consumer, Business, and Nordic segments. It sells electrical power and related services to private and business consumers.

Elmera Group ASA Fundamentals Summary

How do Elmera Group's earnings and revenue compare to its market cap?
ELMRA fundamental statistics
Market capNOK 3.47b
Earnings (TTM)NOK 193.09m
Revenue (TTM)NOK 14.79b
18.0x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ELMRA income statement (TTM)
RevenueNOK 14.79b
Cost of RevenueNOK 13.06b
Gross ProfitNOK 1.74b
Other ExpensesNOK 1.54b
EarningsNOK 193.09m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)1.77
Gross Margin11.73%
Net Profit Margin1.31%
Debt/Equity Ratio161.6%

How did ELMRA perform over the long term?

See historical performance and comparison

Dividends

6.3%
Current Dividend Yield
113%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 03:06
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elmera Group ASA is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Tarjei HatlenDNB Carnegie
Karolis PuidokasNorne Securities AS