AKER Stock Analysis: Aker ASA | OL
Conglomerates | OL, Norway | Market Cap: 100.265m NOK | 12M Return: 83.6% | NO0010234552 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 212M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Aker ASA is a Norwegian industrial investment company founded in 1841 and headquartered in Lysaker, Norway. It operates through two main segments: Listed Equity Investments and Unlisted Equity Investments, with a diversified portfolio spanning oil and gas exploration and production, offshore supply vessels, krill-based health and nutrition products, real estate development, industrial software and AI solutions, renewable energy, and marine biomass processing.
As a multi-sector holding company, Aker functions primarily as a strategic investment vehicle rather than an operating firm in any single industry, with its portfolio companies addressing capital-intensive sectors such as energy, maritime services, and industrial technology. The company also generates recurring revenue through SaaS subscription offerings within its industrial software businesses, and operates as a subsidiary of TRG Holding AS.
- Aker BP oil price exposure drives portfolio NAV
- Aker BioMarine krill quotas tighten, lifting revenue per ton
- Aker Horizons renewable losses pressure holding company returns
| Net Income: 3.93b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -7.08 > 1.0 |
| NWC/Revenue: 30.37% < 20% (prev 41.29%; Δ -10.91% < -1%) |
| CFO/TA 0.06 > 3% & CFO 7.18b > Net Income 3.93b |
| Net Debt (-2.08b) to EBITDA (4.96b): -0.42 < 3 |
| Current Ratio: 1.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (74.3m) vs 12m ago -0.01% < -2% |
| Gross Margin: 35.84% > 18% (prev 74.29%; Δ -38.45% > 0.5%) |
| Asset Turnover: 16.97% > 50% (prev 13.16%; Δ 3.81% > 0%) |
| Interest Coverage Ratio: 1.05 > 6 (EBIT TTM 3.44b / Interest Expense TTM 3.27b) |
| A: 0.05 (Total Current Assets 13.3b - Total Current Liabilities 7.69b) / Total Assets 124b |
| B: 0.50 (Retained Earnings 62.4b / Total Assets 124b) |
| C: 0.03 (EBIT TTM 3.44b / Avg Total Assets 108b) |
| D: 1.31 (Book Value of Equity 67.7b / Total Liabilities 51.7b) |
| Altman-Z'' = 3.53 = A |
As of October 17, 2026, the stock is trading at NOK 1260.00 with a total of 170,387 shares traded. Over the past week, the price has changed by -7.35%, over one month by -20.25%, over three months by +9.19% and over the past year by +83.64%.
Current recommended Stop Loss: 1194.70 (which is 5.2% or 1.4 ATR below the current price).
Aker ASA has no consensus analysts rating.
P/E Trailing = 3.6105
P/E Forward = 232.5581
P/S = 2.4904
P/B = 1.6323
P/EG = 1.8825
Revenue TTM = 18.4b NOK
EBIT TTM = 3.44b NOK
EBITDA TTM = 4.96b NOK
Long Term Debt = 42.2b NOK (from longTermDebt, last quarter)
Short Term Debt = 2.54b NOK (from shortLongTermDebt, last quarter)
Debt = 1.02b NOK (Leases only: 1.02b)
Net Debt = -2.08b NOK (calculated: Debt 1.02b - CCE 3.10b)
Enterprise Value = 98.2b NOK (100b + Debt 1.02b - CCE 3.10b)
Interest Coverage Ratio = 1.05 (Ebit TTM 3.44b / Interest Expense TTM 3.27b)
EV/FCF = 67.90x (Enterprise Value 98.2b / FCF TTM 1.45b)
FCF Yield = 1.47% (FCF TTM 1.45b / Enterprise Value 98.2b)
FCF Margin = 7.87% (FCF TTM 1.45b / Revenue TTM 18.4b)
Net Margin = 21.40% (Net Income TTM 3.93b / Revenue TTM 18.4b)
Gross Margin = 35.84% ((Revenue TTM 18.4b - Cost of Revenue TTM 11.8b) / Revenue TTM)
Gross Margin QoQ = 48.58% (prev 14.59%)
Tobins Q-Ratio = 0.79 (Enterprise Value 98.2b / Total Assets 124b)
Interest Expense / Debt = 321.4% (Interest Expense 3.27b / Debt 1.02b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 2.58b (EBIT 3.44b * (1 - 25.00%))
Current Ratio = 1.73 (Total Current Assets 13.3b / Total Current Liabilities 7.69b)
Debt / Equity = 0.02 (Debt 1.02b / totalStockholderEquity, last quarter 67.7b)
Debt / EBITDA = -0.42 (Net Debt -2.08b / EBITDA 4.96b)
Debt / FCF = -1.44 (Net Debt -2.08b / FCF TTM 1.45b)
Total Stockholder Equity = 53.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.63% (Net Income 3.93b / Total Assets 124b)
RoE = 7.40% (Net Income TTM 3.93b / Total Stockholder Equity 53.1b)
RoCE = 3.61% (EBIT 3.44b / Capital Employed (Equity 53.1b + L.T.Debt 42.2b))
RoIC = 2.24% (NOPAT 2.58b / Invested Capital 115b)
WACC = 7.96% (E(100b)/V(101b) * Re(8.04%) + (debt cost/tax rate unavailable))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.45 | Cagr: 0.02%
[DCF] Terminal Value 73.10% ; FCFF base≈3.93b ; Y1≈3.45b ; Y5≈2.79b
[DCF] Fair Price = 634.7 (EV 44.7b - Net Debt -2.08b = Equity 46.8b / Shares 73.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: 67.19 | Revenue CAGR: 11.94% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=456.21 | Chg30d=N/A | Revisions=+25% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=80.07 | Chg30d=N/A | Revisions=+25% | GrowthEPS=-82.5% | GrowthRev=+0.0%