Norsk Hydro ASA

OTCPK:NHYK.F Stock Report

Market Cap: US$16.6b

Norsk Hydro Valuation

Is NHYK.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of NHYK.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: NHYK.F ($8.28) is trading below our estimate of fair value ($9.67)

Significantly Below Fair Value: NHYK.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NHYK.F?

Key metric: As NHYK.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NHYK.F. This is calculated by dividing NHYK.F's market cap by their current earnings.
What is NHYK.F's PE Ratio?
PE Ratio15.2x
EarningsNOK 10.99b
Market CapNOK 166.91b

Price to Earnings Ratio vs Peers

How does NHYK.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NHYK.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.5x
AA Alcoa
14.9x-4.42%US$17.1b
CENX Century Aluminum
55.4x61.55%US$4.3b
CSTM Constellium
27.8x25.54%US$3.0b
KALU Kaiser Aluminum
24.1x21.19%US$2.0b
NHYK.F Norsk Hydro
15.2x12.31%US$166.9b

Price-To-Earnings vs Peers: NHYK.F is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (30.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does NHYK.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BMXI Brookmount Explorations
1.4xn/aUS$12.17m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
MDSM.F Ten Sixty Four
0.06xn/aUS$455.60k
GROO Groovy Company
0.005xn/aUS$44.30k
NHYK.F 15.2xIndustry Avg. 27.8xNo. of Companies9PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NHYK.F is good value based on its Price-To-Earnings Ratio (15.2x) compared to the US Metals and Mining industry average (26.8x).

Price to Earnings Ratio vs Fair Ratio

What is NHYK.F'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.

NHYK.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: NHYK.F is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NHYK.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$8.28
US$7.78
-6.06%
18.64%US$9.84US$4.57n/a15
Jan ’27US$7.85
US$7.35
-6.31%
16.46%US$8.83US$4.51n/a15
Dec ’26US$7.06
US$7.14
+1.13%
15.37%US$8.89US$4.54n/a15
Nov ’26US$6.86
US$7.00
+1.99%
14.28%US$8.48US$4.59n/a15
Oct ’26US$6.89
US$6.67
-3.15%
14.77%US$7.92US$4.41n/a15
Sep ’26US$6.54
US$6.44
-1.45%
15.09%US$7.72US$4.30n/a15
Aug ’26US$6.19
US$6.39
+3.25%
15.09%US$7.66US$4.27n/a15
Jul ’26US$5.95
US$6.49
+9.02%
16.73%US$7.93US$4.26n/a15
Jun ’26US$5.46
US$6.66
+22.06%
13.76%US$7.76US$5.14n/a15
May ’26US$5.45
US$6.58
+20.59%
14.75%US$8.14US$5.08n/a15
Apr ’26US$5.87
US$7.47
+27.43%
16.81%US$9.51US$5.13n/a15
Mar ’26US$6.02
US$7.08
+17.63%
14.66%US$8.88US$4.88n/a14
Feb ’26US$6.01
US$7.16
+19.20%
13.89%US$8.87US$4.88n/a14
Jan ’26US$5.72
US$7.16
+25.03%
13.01%US$8.43US$4.93US$7.8515
Dec ’25US$6.24
US$7.16
+14.73%
13.26%US$8.52US$4.98US$7.0615
Nov ’25US$6.22
US$7.14
+14.82%
12.75%US$8.36US$5.00US$6.8615
Oct ’25US$6.57
US$7.35
+11.92%
15.60%US$8.76US$4.76US$6.8914
Sep ’25US$5.62
US$7.20
+28.09%
15.30%US$8.57US$4.66US$6.5414
Aug ’25US$5.48
US$7.10
+29.70%
14.35%US$8.34US$4.53US$6.1914
Jul ’25US$6.15
US$7.36
+19.63%
13.54%US$8.71US$4.68US$5.9514
Jun ’25US$6.53
US$7.02
+7.55%
12.69%US$7.84US$4.61US$5.4613
May ’25US$6.45
US$6.94
+7.54%
13.68%US$8.21US$4.56US$5.4513
Apr ’25US$5.68
US$6.83
+20.21%
13.81%US$8.07US$4.64US$5.8713
Mar ’25US$5.24
US$7.00
+33.64%
14.63%US$8.27US$4.75US$6.0213
Feb ’25US$5.99
US$7.18
+19.85%
14.34%US$8.44US$5.22US$6.0113
Jan ’25US$6.80
US$7.09
+4.37%
15.78%US$8.80US$5.26US$5.7213
US$7.68
Fair Value
7.8% overvalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/14 01:58
End of Day Share Price 2026/01/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Norsk Hydro ASA is covered by 38 analysts. 11 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
Amos FletcherBarclays
Charlie ClarkBerenberg