OTCPK:NNRR.F

Stock Analysis Report

Executive Summary

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland.

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Share Price & News

How has NRC Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

NNRR.F

2.0%

US Construction

1.0%

US Market


1 Year Return

n/a

NNRR.F

4.1%

US Construction

6.7%

US Market

Return vs Industry: Insufficient data to determine how NNRR.F performed against the US Construction industry.

Return vs Market: Insufficient data to determine how NNRR.F performed against the US Market.


Share holder returns

NNRR.FIndustryMarket
7 Day0%2.0%1.0%
30 Day0%-1.6%-1.8%
90 Dayn/a-2.1%-1.8%
1 Yearn/a5.0%4.1%9.1%6.7%
3 Yearn/a23.2%20.4%46.1%36.6%
5 Yearn/a23.7%19.5%66.9%48.6%

Price Volatility Vs. Market

How volatile is NRC Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is NRC Group undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: NNRR.F ($6.76) is trading below our estimate of fair value ($14)

Significantly Undervalued: NNRR.F is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: NNRR.F is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: NNRR.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate NNRR.F's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: NNRR.F is good value based on its PB Ratio (1.5x) compared to the US Construction industry average (1.6x).


Next Steps

Future Growth

How is NRC Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

52.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: NNRR.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: NNRR.F is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: NNRR.F's loss is forecast to worsen by 0% next year.

Revenue vs Market: NNRR.F's revenue (13.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: NNRR.F's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: NNRR.F's Return on Equity is forecast to be low in 3 years time (13.8%).


Next Steps

Past Performance

How has NRC Group performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NNRR.F is unprofitable, but has reduced losses over the past 5 years at a rate of 10.8% per year.

Accelerating Growth: Unable to compare NNRR.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NNRR.F is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (2.6%).


Return on Equity

High ROE: NNRR.F has a negative Return on Equity (-6.2%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NNRR.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NNRR.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is NRC Group's financial position?


Financial Position Analysis

Short Term Liabilities: NNRR.F's short term assets (NOK2.0B) do not cover its short term liabilities (NOK2.4B)

Long Term Liabilities: NNRR.F's short term assets (2.0B) exceeds its long term liabilities (1.4B)


Debt to Equity History and Analysis

Debt Level: NNRR.F's debt to equity ratio (86.1%) is considered high

Reducing Debt: NNRR.F's debt to equity ratio has increased from 2.5% to 86.1% over the past 5 years.


Balance Sheet

Inventory Level: NNRR.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: NNRR.F's debt is covered by short term assets (assets are 1.182510x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NNRR.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NNRR.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.3% per year.


Next Steps

Dividend

What is NRC Group's current dividend yield, its reliability and sustainability?

4.74%

Expected Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage1.1%forecastin3Years4.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate NNRR.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NNRR.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if NNRR.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NNRR.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NNRR.F is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NNRR.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of NRC Group's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Henning Olsen 0

0.6yrs

Tenure

0

Mr. Henning Olsen serves as Chief Executive Officer NRC Group ASA since March 19, 2019. Mr. Olsen comes from the position as executive vice president in AF Gruppen, where he has been responsible for the Bu ...


Management Age and Tenure

3.6yrs

Average Tenure

Experienced Management: NNRR.F's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: NNRR.F's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sellkr18,102,53516 Sep 19
Datum Holding AS
EntityCompany
Shares2,800,000
Max Pricekr6.47

Ownership Breakdown


Management Team

  • Dag Fladby (51yo)

    Chief Financial Officer

    • Tenure: 3.6yrs
    • Compensation: kr3.01m
  • Egil Huseth

    Head of Administration

    • Tenure: 0yrs
  • Mikko Salonen

    Managing Director of Blom Finland

    • Tenure: 6.8yrs
  • Paul Evans

    Managing Director of Blom UK

    • Tenure: 0yrs
  • Ralf Schroth

    Managing Director of Blom Germany

    • Tenure: 0yrs
  • Alfred Beck

    General Counsel

    • Tenure: 0yrs
    • Compensation: kr3.05m
  • Anders Gustafsson

    Managing Director of Svensk Järnvägsteknik AB

    • Tenure: 5.8yrs
  • Henrik Aquist

    Managing Director of Blom Sweden

    • Tenure: 0yrs
  • Hans Storkås

    Managing Director of Norway

    • Tenure: 1.6yrs
    • Compensation: kr1.90m
  • Henning Olsen

    Chief Executive Officer

    • Tenure: 0.6yrs

Board Members

  • Mats Williamson (61yo)

    Board Member

    • Tenure: 1.3yrs
  • Harald Arnet (58yo)

    Board Member

    • Tenure: 4.2yrs
  • Helge Midttun (64yo)

    Chairman of the Board

    • Tenure: 3.8yrs
  • Brita Eilertsen (57yo)

    Board Member

    • Tenure: 4.4yrs
  • Kjersti Kanne

    Board Member

    • Tenure: 4.1yrs
  • Rolf Jansson

    Director

    • Tenure: 0.8yrs
  • Eva Nygren

    Director

    • Tenure: 0.8yrs

Company Information

NRC Group ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NRC Group ASA
  • Ticker: NNRR.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr2.890b
  • Listing Market Cap: kr319.210m
  • Shares outstanding: 54.02m
  • Website: https://www.nrcgroup.com

Number of Employees


Location

  • NRC Group ASA
  • Lysaker Torg 25
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRCOB (Oslo Bors)YesOrdinary SharesNONOKJun 1992
0DSJLSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 1992
NNRR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1992
NRCOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 1992

Biography

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland. It provides rail, harbor, and road related infrastructure services, including groundwor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:15
End of Day Share Price2019/08/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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