NHY Stock Analysis: Norsk Hydro ASA | OL
Aluminum | OL, Norway | Market Cap: 167.167m NOK | 12M Return: 45.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 350M
EPS Trend: -29.7%
Qual. Beats: 1
Rev. Trend: 69.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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.
Norsk Hydro ASA is a Norwegian company founded in 1905 and headquartered in Oslo, operating a fully integrated aluminum value chain that spans bauxite mining, alumina refining, primary aluminum smelting, metal trading, extrusion, and recycling, with operations worldwide organized into five business segments: Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy. Its products serve downstream industries including construction, automotive, and heating, ventilation, and air conditioning (HVAC), while its energy segment combines hydropower production in Norway with renewable generation (wind and solar) and energy trading operations in Brazil.
The company is unusual within the global aluminum industry for combining primary metal production with in-house energy generation; aluminum smelting is one of the most electricity-intensive industrial processes, making Hydros ownership of Norwegian hydropower assets a structural cost advantage and a hedge against power price volatility. Its inclusion of Hydro Metal Markets, which trades both physical and financial metals, reflects the broader industrys reliance on commodity-linked pricing on the London Metal Exchange.
- LME aluminum price swings drive Metal segment margins
- European construction demand lifts Extrusions segment volumes
- EU carbon regulation raises aluminum smelting cost base
| Net Income: 6.12b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.19 > 1.0 |
| NWC/Revenue: 18.63% < 20% (prev 15.19%; Δ 3.44% < -1%) |
| CFO/TA 0.16 > 3% & CFO 32.8b > Net Income 6.12b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.97b) vs 12m ago -0.49% < -2% |
| Gross Margin: 31.45% > 18% (prev 27.04%; Δ 4.41% > 0.5%) |
| Asset Turnover: 97.00% > 50% (prev 101.8%; Δ -4.76% > 0%) |
| Interest Coverage Ratio: 11.65 > 6 (EBIT TTM 21.2b / Interest Expense TTM 1.82b) |
| A: 0.18 (Total Current Assets 81.4b - Total Current Liabilities 43.9b) / Total Assets 207b |
| B: 0.31 (Retained Earnings 64.2b / Total Assets 207b) |
| C: 0.10 (EBIT TTM 21.2b / Avg Total Assets 207b) |
| D: 1.06 (Book Value of Equity 103b / Total Liabilities 96.9b) |
| Altman-Z'' = 4.00 = AA |
| DSRI: 1.06 (Receivables 31.4b/31.1b, Revenue 201b/212b) |
| GMI: 0.86 (GM 27.04% / 31.45%) |
| AQI: 0.96 (AQ_t 0.23 / AQ_t-1 0.25) |
| SGI: 0.95 (Revenue 201b / 212b) |
| TATA: -0.13 (NI 6.12b - CFO 32.8b) / TA 207b) |
| Beneish M = -3.18 (Cap -4..+1) = AA |
As of July 17, 2026, the stock is trading at NOK 85.06 with a total of 3,760,255 shares traded. Over the past week, the price has changed by +0.26%, over one month by -17.42%, over three months by -19.37% and over the past year by +45.49%.
Current recommended Stop Loss: 81.30 (which is 4.4% or 1.4 ATR below the current price).
Norsk Hydro ASA has no consensus analysts rating.
P/E Trailing = 27.2628
P/E Forward = 9.8814
P/S = 0.8306
P/B = 1.6307
P/EG = 0.5563
Revenue TTM = 201b NOK
EBIT TTM = 21.2b NOK
EBITDA TTM = 32.6b NOK
Long Term Debt = 28.7b NOK (from longTermDebt, last quarter)
Short Term Debt = 5.10b NOK (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 156b NOK (167b + (null Debt) - CCE 11.3b)
Interest Coverage Ratio = 11.65 (Ebit TTM 21.2b / Interest Expense TTM 1.82b)
EV/FCF = 26.84x (Enterprise Value 156b / FCF TTM 5.81b)
FCF Yield = 3.73% (FCF TTM 5.81b / Enterprise Value 156b)
FCF Margin = 2.89% (FCF TTM 5.81b / Revenue TTM 201b)
Net Margin = 3.04% (Net Income TTM 6.12b / Revenue TTM 201b)
Gross Margin = 31.45% ((Revenue TTM 201b - Cost of Revenue TTM 138b) / Revenue TTM)
Gross Margin QoQ = 31.93% (prev 32.21%)
Tobins Q-Ratio = 0.75 (Enterprise Value 156b / Total Assets 207b)
Interest Expense / Debt = unknown (Interest Expense 1.82b / Debt none)
Taxrate = 37.09% (4.00b / 10.8b)
NOPAT = 13.3b (EBIT 21.2b * (1 - 37.09%))
Current Ratio = 1.85 (Total Current Assets 81.4b / Total Current Liabilities 43.9b)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 32.6b)
Debt / FCF = unknown (Net Debt none / FCF TTM 5.81b)
Total Stockholder Equity = 101b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.95% (Net Income 6.12b / Total Assets 207b)
RoE = 6.07% (Net Income TTM 6.12b / Total Stockholder Equity 101b)
RoCE = 16.38% (EBIT 21.2b / Capital Employed (Equity 101b + L.T.Debt 28.7b))
RoIC = 8.72% (NOPAT 13.3b / Invested Capital 153b)
WACC = 8.61% (E(167b)/V(167b) * Re(8.61%) + (debt-free company))
Discount Rate = 8.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.36 | Cagr: -1.54%
[DCF] Terminal Value 73.53% ; FCFF base≈5.98b ; Y1≈5.66b ; Y5≈5.33b
[DCF] Fair Price = 40.96 (EV 80.5b - Net Debt 0.0 = Equity 80.5b / Shares 1.97b; r=8.61% [WACC]; 5y FCF grow -6.82% → 2.50% )
EPS Correlation: -29.71 | EPS CAGR: -9.19% | SUE: 0.85 | # QB: 1
Revenue Correlation: 69.21 | Revenue CAGR: 3.83% | SUE: 0.14 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.06 | Chg30d=-5.96% | Revisions=+0% | Analysts=9
EPS next Quarter (2026-09-30): EPS=2.35 | Chg30d=-15.98% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=8.84 | Chg30d=-4.26% | Revisions=+62% | GrowthEPS=+76.1% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=9.60 | Chg30d=-3.32% | Revisions=+38% | GrowthEPS=+8.6% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: +56% (up=11, down=2)