Elkem ASA

OB:ELK Aktierapport

Börsvärde: NOK 11.3b

Elkem Förvaltning

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Viktig information

Helge Aasen

Verkställande direktör

NOK 15.2m

Total ersättning

VD-lön i procent54.04%
Anställning som VD5yrs
Ägande av VD0.02%
Ledningens genomsnittliga anställningstid10.7yrs
Styrelsens genomsnittliga mandatperiod7.2yrs

Senaste uppdateringar av ledningen

Recent updates

Uppdatering av berättelse Jun 25

ELK: Equity Raising And Biocarbon Funding Will Shape Balanced Outlook

Analysts have raised their price target for Elkem to NOK34.24 from NOK32.78, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust the valuation framework. What’s in the News for Elkem Elkem ASA completed a follow-on equity offering of NOK 1.5b, issuing 55,555,555 common shares at NOK 27 per share through a subsequent direct listing.
Uppdatering av berättelse Jun 05

ELK: Power Contract And Equity Raise Will Shape Balanced Future Outlook

Analysts now set their price target for Elkem at around NOK 32.78, up from about NOK 31.34, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Statkraft and Elkem ASA signed a seven year power purchase agreement for the Bjølvefossen plant in Norway, covering 2031 to 2037.
Uppdatering av berättelse May 15

ELK: Equity Raise And Biocarbon Project Will Support Future Upside

Elkem's updated analyst price target has shifted from NOK 33.29 to NOK 31.34, reflecting analysts' refreshed assumptions around revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Elkem has filed a follow on equity offering of NOK 299.999997 million, offering 11,111,111 ordinary shares at NOK 27 per share through a rights offering (Key Developments).
Uppdatering av berättelse Apr 25

ELK: New Three Division Structure And Workforce Cuts Will Support Upside

Analysts have made a small upward revision to Elkem's price target, moving it from NOK 33.14 to NOK 33.29. This reflects updated assumptions around revenue growth, profit margins and future P/E expectations.
Uppdatering av berättelse Apr 10

ELK: New Three Division Structure And Cost Cuts Will Drive Upside

The analyst price target for Elkem has moved slightly higher to NOK33.14 from NOK32.83, with analysts citing adjustments in the assumed discount rate, revenue growth, profit margin, and future P/E to support the change. What's in the News Elkem is introducing a new corporate structure with three divisions: Elkem Silicon, Elkem Foundry Alloys and Elkem Carbon.
Uppdatering av berättelse Mar 24

ELK: New Structure And Cost Cuts Will Support Future Upside

Analysts have kept their Elkem price target steady at NOK 32.83. They cite essentially unchanged assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for reaffirming their view.
Uppdatering av berättelse Mar 10

ELK: Safety Actions And Stable Earnings Assumptions Will Support Upside Potential

Analysts have kept their fair value estimate for Elkem unchanged at NOK 32.83, with only small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E, which feed into an updated price target narrative. What's in the News An extraordinary general meeting on 9 March 2026 approved an amendment to Section 4 of Elkem ASA's articles of association, confirming share capital at NOK 1,505,514,210 divided into 301,102,842 shares with a nominal value of NOK 5 each (Key Developments).
Uppdatering av berättelse Feb 23

ELK: Safety Actions And Earnings Assumptions Will Shape A Balanced Outlook

The analyst price target for Elkem has been adjusted from NOK 31.85 to NOK 32.83. Analysts cite updated assumptions across the discount rate, revenue growth, profit margin and forward P/E as the key drivers behind this change.
Uppdatering av berättelse Feb 09

ELK: Safety Reforms After Saint Fons Incident Will Support Upbeat Outlook

Narrative Update on Elkem Analysts have kept their fair value estimate for Elkem steady at NOK 31.85. They explain the unchanged price target by slightly adjusting their assumptions for discount rate, revenue growth, profit margin and future P/E expectations, rather than changing their overall view of the company’s valuation.
Uppdatering av berättelse Jan 25

ELK: Safety Incident And Minor Assumption Shifts Will Shape Balanced Outlook

Analysts have raised their fair value estimate for Elkem to €31.85 from €31.80, citing small adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions. What's in the News On 22 December 2025, an explosion occurred at a pilot workshop at the Elkem Silicones site in Saint Fons, Lyon, France, resulting in one employee losing his life and three others being injured (company report).
Uppdatering av berättelse Jan 10

ELK: Medical Materials Push And Ferrosilicon Cuts Will Shape Balanced Outlook

Analysts now estimate Elkem's fair value at €31.80 per share, slightly higher than the previous estimate of €31.00, citing small adjustments to their discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Explosion at Elkem's Saint Fons silicones pilot workshop in Lyon on 22 December 2025 resulted in one fatality and three injuries, with management cooperating with local authorities and providing psychological support to employees (Key Developments).
Uppdatering av berättelse Dec 25

ELK: Medical Materials Expansion And Ferrosilicon Curtailments Will Shape Measured Outlook

Analysts have raised their price target on Elkem to NOK 31.00 from NOK 29.80, reflecting updated assumptions of a slightly lower discount rate but higher future earnings multiples, despite somewhat softer expectations for revenue growth and profit margins. What's in the News Elkem ASA launched SILBIONE LSR Select EC 70, a next generation medical grade liquid silicone rubber engineered for wearable and diagnostic devices, combining high electrical conductivity, certified biocompatibility and enhanced process control (company announcement).
Uppdatering av berättelse Dec 11

ELK: Medical Materials Expansion And Production Cuts Will Shape Balanced Outlook

Analysts have modestly raised their price target on Elkem to NOK 29.80, citing slightly lower perceived risk reflected in a reduced discount rate, while keeping growth, margin, and valuation assumptions broadly unchanged. What's in the News Elkem launched SILBIONE LSR Select EC 70, a next generation medical grade liquid silicone rubber designed for wearable and diagnostic devices, featuring high electrical conductivity, certified biocompatibility, and enhanced process control for precision healthcare applications (Key Developments).
Uppdatering av berättelse Nov 27

ELK: New Medical-Grade Product Launch and Market Risks Will Shape Outlook

Analysts have maintained Elkem's fair value price target at NOK 29.80, citing stable underlying financial metrics and a slightly reduced discount rate as the basis for their decision. What's in the News Elkem ASA launched SILBIONE LSR Select EC 70, a next-generation medical-grade liquid silicone rubber designed for wearable and diagnostic devices.
Uppdatering av berättelse Nov 13

ELK: Upcoming Medical Material Launch Will Support Increased Market Confidence

Narrative Update on Elkem: Analyst Price Target Revision Analysts have maintained their fair value estimate for Elkem at NOK 29.80. This reflects steady confidence in the company despite minor adjustments to key assumptions such as profit margin and growth projections.
Uppdatering av berättelse Oct 29

Medical-Grade Silicone Launch and Production Cuts Will Balance Future Prospects

Analysts have raised their price target for Elkem from NOK 29.32 to NOK 29.80. This change reflects minor adjustments to their expectations for growth, discount rates, and profit margins.
Uppdatering av berättelse Oct 15

Silicones Review And Carbon Capture R&D Will Improve Competitiveness

Elkem's analyst consensus price target has been raised from $27.92 to $29.32, reflecting analysts' expectations of slightly improved revenue growth and a lower discount rate that drives upward fair value adjustments. Valuation Changes The consensus analyst price target has increased from NOK 27.92 to NOK 29.32.
Uppdatering av berättelse Sep 25

Silicones Review And Carbon Capture R&D Will Improve Competitiveness

Elkem's slight improvement in net profit margin has supported an upward revision of the consensus analyst price target from NOK26.40 to NOK27.92. What's in the News Elkem and NTE signed a long-term power purchase agreement for 300 GWh/year renewable power delivery (2028-2037) in Norway’s NO4 area.
Analysartikel Sep 20

Earnings Tell The Story For Elkem ASA (OB:ELK)

With a price-to-earnings (or "P/E") ratio of 23.4x Elkem ASA ( OB:ELK ) may be sending very bearish signals at the...
Analysartikel Jul 09

Is Now The Time To Look At Buying Elkem ASA (OB:ELK)?

While Elkem ASA ( OB:ELK ) might not have the largest market cap around , it received a lot of attention from a...
Analysartikel Jun 17

Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysartikel May 07

Shareholders Shouldn’t Be Too Comfortable With Elkem's (OB:ELK) Strong Earnings

Strong earnings weren't enough to please Elkem ASA's ( OB:ELK ) shareholders over the last week. We did some digging...
Analysartikel Apr 29

Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysartikel Mar 24

Is It Too Late To Consider Buying Elkem ASA (OB:ELK)?

Elkem ASA ( OB:ELK ), might not be a large cap stock, but it saw a significant share price rise of 36% in the past...
User avatar
Ny berättelse Feb 09

Carbon Capture Initiatives Will Strengthen ESG Positioning And Brand Value

Expansion in China and targeted operational improvements aim to boost EBITDA, enhancing revenue and earnings growth.
Analysartikel Feb 05

Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

The Elkem ASA ( OB:ELK ) share price has done very well over the last month, posting an excellent gain of 26%. While...
Analysartikel Jan 23

Here's Why Elkem (OB:ELK) Is Weighed Down By Its Debt Load

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysartikel Dec 19

Market Still Lacking Some Conviction On Elkem ASA (OB:ELK)

You may think that with a price-to-sales (or "P/S") ratio of 0.3x Elkem ASA ( OB:ELK ) is definitely a stock worth...
Analysartikel Nov 02

There May Be Reason For Hope In Elkem's (OB:ELK) Disappointing Earnings

Soft earnings didn't appear to concern Elkem ASA's ( OB:ELK ) shareholders over the last week. Our analysis suggests...
Analysartikel Oct 27

Elkem ASA Just Missed EPS By 51%: Here's What Analysts Think Will Happen Next

It's shaping up to be a tough period for Elkem ASA ( OB:ELK ), which a week ago released some disappointing...
Analysartikel Sep 04

Little Excitement Around Elkem ASA's (OB:ELK) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 0.4x Elkem ASA ( OB:ELK ) is definitely a stock worth...
Analysartikel Aug 07

The Returns On Capital At Elkem (OB:ELK) Don't Inspire Confidence

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysartikel Jul 17

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

Elkem ASA ( OB:ELK ) investors will be delighted, with the company turning in some strong numbers with its latest...
Analysartikel Jun 11

These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysartikel May 27

Elkem ASA's (OB:ELK) Revenues Are Not Doing Enough For Some Investors

Elkem ASA's ( OB:ELK ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a strong buy right now compared...
Analysartikel May 11

Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 24% Below Its Share Price

Key Insights The projected fair value for Elkem is kr15.80 based on 2 Stage Free Cash Flow to Equity Current share...
Analysartikel Apr 22

Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

Elkem ASA ( OB:ELK ) just released its latest first-quarter report and things are not looking great. It was a pretty...
Analysartikel Apr 09

What Does Elkem ASA's (OB:ELK) Share Price Indicate?

Elkem ASA ( OB:ELK ), is not the largest company out there, but it saw a double-digit share price rise of over 10% in...

Analys av ersättningar till VD

Hur har Helge Aasen:s ersättning förändrats jämfört med Elkem:s resultat?
DatumTotal ersättningLönFöretagets resultat
Mar 31 2026n/an/a

NOK 331m

Dec 31 2025n/an/a

NOK 301m

Sep 30 2025n/an/a

NOK 484m

Jun 30 2025n/an/a

NOK 699m

Mar 31 2025n/an/a

NOK 2b

Dec 31 2024NOK 15mNOK 8m

NOK 2b

Sep 30 2024n/an/a

NOK 3b

Jun 30 2024n/an/a

NOK 2b

Mar 31 2024n/an/a

NOK 1b

Dec 31 2023NOK 12mNOK 7m

NOK 2b

Sep 30 2023n/an/a

NOK 1b

Jun 30 2023n/an/a

NOK 5b

Mar 31 2023n/an/a

NOK 8b

Dec 31 2022NOK 17mNOK 6m

NOK 10b

Sep 30 2022n/an/a

NOK 11b

Jun 30 2022n/an/a

NOK 9b

Mar 31 2022n/an/a

NOK 7b

Dec 31 2021NOK 9mNOK 3m

NOK 5b

Sep 30 2021n/an/a

NOK 3b

Jun 30 2021n/an/a

NOK 1b

Mar 31 2021n/an/a

NOK 672m

Dec 31 2020NOK 244kn/a

NOK 239m

Sep 30 2020n/an/a

NOK 150m

Jun 30 2020n/an/a

NOK 460m

Mar 31 2020n/an/a

NOK 616m

Dec 31 2019NOK 17mNOK 5m

NOK 855m

Ersättning vs marknad: Helge s total kompensation ($USD 1.53M ) är över genomsnittet för företag av liknande storlek på Norwegian marknaden ($USD 749.89K ).

Ersättning vs inkomst: Ersättningen för Helge har ökat med mer än 20 % medan företagets intäkter har minskat med mer än 20 % det senaste året.


VD OCH KONCERNCHEF

Helge Aasen (63 yo)

5yrs
Anställning
NOK 15,182,000
Kompensation

Mr. Helge Aasen serves as Chief Executive Officer at Elkem ASA since October 18, 2021 and served as its Director since December 1, 2019 until June 2021 and has been its Interim Chief Executive Officer sinc...


Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Helge Aasen
Chief Executive Officer5yrsNOK 15.18m0.019%
NOK 2.2m
Morten Viga
Chief Financial Officer19.8yrsNOK 6.84m0.013%
NOK 1.5m
Havard Moe
Senior Vice President of Technology18.4yrsNOK 5.01m0.0029%
NOK 323.0k
Katja Lehland
Senior Vice President of Human Resources15.4yrsNOK 5.82minga uppgifter
Inge Grubben-Stroemnes
Senior Vice President of Elkem Foundry Alloys17.8yrsNOK 6.44m0.010%
NOK 1.1m
Luiz Simao
Senior Vice President of Elkem Silicon5.9yrsNOK 5.39m0.0063%
NOK 709.5k
Morten Voll
Senior Vice President of Strategy & Business Development3.3yrsNOK 5.84m0.0029%
NOK 334.3k
Tom Preststulen
Managing Partnerno datainga uppgifteringa uppgifter
Odd-Geir Lyngstad
Vice President of Finance & Investor Relationsno datainga uppgifteringa uppgifter
Izaias Entringer
Senior Vice President of Elkem Carbonless than a yearinga uppgifteringa uppgifter
10.7yrs
Genomsnittlig anställningstid
60yo
Genomsnittlig ålder

Erfaren ledning: ELK s ledningsgrupp är erfaren och erfaren ( 10.7 års genomsnittlig anställning).


Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Marianne Johnsen
Interim Independent Chairman7.2yrsNOK 565.00kinga uppgifter
Richard Aa
Directorno datainga uppgifteringa uppgifter
Terje Hanssen
Employee Representative Director16.4yrsNOK 456.00kinga uppgifter
Marianne Faeroyvik
Employee Representative Director9.8yrsNOK 456.00k0.0014%
NOK 159.8k
Christian Must
Directorless than a yearinga uppgifteringa uppgifter
Astrid Hilde
Directorless than a yearinga uppgifteringa uppgifter
7.2yrs
Genomsnittlig anställningstid
61.5yo
Genomsnittlig ålder

Erfaren styrelse: ELK s styrelse anses vara erfaren ( 7.2 års genomsnittlig mandatperiod).


Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/06/28 17:48
Aktiekurs vid dagens slut2026/06/26 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa denna rapport finns på vår Github-sida; vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Elkem ASA bevakas av 9 analytiker. 5 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
null nullABG Sundal Collier
Sebastian SatzCitigroup Inc
Elliott Geoffrey JonesDanske Bank