(NORBT) Norbit ASA - OL
Sector: Technology | Industry: Scientific & Technical Instruments | Exchange: OL (Norway) | Market Cap: 11.130m NOK | Total Return: -17.9% in 12m
Avg Turnover: 28.0M
EPS Trend: 91.8%
Qual. Beats: -1
Rev. Trend: 96.1%
Qual. Beats: -2
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Norbit ASA is a Norway-based technology provider specializing in three core segments: Oceans, Connectivity, and Product Innovation and Realization. The company designs and manufactures specialized hardware, including multibeam sonar systems for bathymetry, maritime monitoring software, and Dedicated Short-Range Communication (DSRC) devices for intelligent traffic systems. Its product portfolio addresses niche applications in subsea mapping, environmental monitoring, and satellite-based truck tolling.
The company operates within the electronic equipment and instruments industry, a sector characterized by high research and development requirements to maintain proprietary sensor and communication technologies. Norbit utilizes a vertically integrated business model, controlling both the design and manufacturing processes to provide tailored solutions for maritime, industrial, and transportation infrastructure clients.
- Oceans segment revenue scales on global offshore wind and subsea demand
- Smart tachograph regulation drives Connectivity segment growth and recurring revenue
- High-margin specialized sonar systems expansion improves group EBITDA margins
- Strategic M&A integration accelerates Product Innovation and Realization segment scale
| Net Income: 425.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 2.00 > 1.0 |
| NWC/Revenue: 18.76% < 20% (prev 29.65%; Δ -10.89% < -1%) |
| CFO/TA 0.34 > 3% & CFO 897.3m > Net Income 425.7m |
| Net Debt (-28.4m) to EBITDA (752.1m): -0.04 < 3 |
| Current Ratio: 1.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.9m) vs 12m ago 0.07% < -2% |
| Gross Margin: 53.72% > 18% (prev 61.99%; Δ -8.27% > 0.5%) |
| Asset Turnover: 108.8% > 50% (prev 78.75%; Δ 30.01% > 0%) |
| Interest Coverage Ratio: 8.65 > 6 (EBIT TTM 583.9m / Interest Expense TTM 67.5m) |
| A: 0.19 (Total Current Assets 1.22b - Total Current Liabilities 711.1m) / Total Assets 2.62b |
| B: 0.25 (Retained Earnings 643.0m / Total Assets 2.62b) |
| C: 0.23 (EBIT TTM 583.9m / Avg Total Assets 2.49b) |
| D: 1.00 (Book Value of Equity 1.31b / Total Liabilities 1.31b) |
| Altman-Z'' = 4.70 = AA |
| DSRI: 0.35 (Receivables 171.9m/334.5m, Revenue 2.71b/1.87b) |
| GMI: 1.15 (GM 61.99% / 53.72%) |
| AQI: 0.96 (AQ_t 0.38 / AQ_t-1 0.40) |
| SGI: 1.45 (Revenue 2.71b / 1.87b) |
| TATA: -0.18 (NI 425.7m - CFO 897.3m) / TA 2.62b) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at NOK 168.20 with a total of 112,914 shares traded.
Over the past week, the price has changed by +0.78%,
over one month by -8.74%,
over three months by -16.95% and
over the past year by -17.86%.
Norbit ASA has no consensus analysts rating.
P/E Trailing = 26.1353
P/E Forward = 20.9205
P/S = 4.1027
P/B = 8.4144
Revenue TTM = 2.71b NOK
EBIT TTM = 583.9m NOK
EBITDA TTM = 752.1m NOK
Long Term Debt = 425.6m NOK (from longTermDebt, last quarter)
Short Term Debt = 74.0m NOK (from shortLongTermDebt, last fiscal year)
Debt = 193.0m NOK (Leases only: 193.0m)
Net Debt = -28.4m NOK (calculated: Debt 193.0m - CCE 221.4m)
Enterprise Value = 11.1b NOK (11.1b + Debt 193.0m - CCE 221.4m)
Interest Coverage Ratio = 8.65 (Ebit TTM 583.9m / Interest Expense TTM 67.5m)
EV/FCF = 27.62x (Enterprise Value 11.1b / FCF TTM 402.0m)
FCF Yield = 3.62% (FCF TTM 402.0m / Enterprise Value 11.1b)
FCF Margin = 14.82% (FCF TTM 402.0m / Revenue TTM 2.71b)
Net Margin = 15.69% (Net Income TTM 425.7m / Revenue TTM 2.71b)
Gross Margin = 53.72% ((Revenue TTM 2.71b - Cost of Revenue TTM 1.26b) / Revenue TTM)
Gross Margin QoQ = 53.19% (prev 50.90%)
Tobins Q-Ratio = 4.24 (Enterprise Value 11.1b / Total Assets 2.62b)
Interest Expense / Debt = 34.97% (Interest Expense 67.5m / Debt 193.0m)
Taxrate = 22.92% (126.6m / 552.3m)
NOPAT = 450.1m (EBIT 583.9m * (1 - 22.92%))
Current Ratio = 1.72 (Total Current Assets 1.22b / Total Current Liabilities 711.1m)
Debt / Equity = 0.15 (Debt 193.0m / totalStockholderEquity, last quarter 1.31b)
Debt / EBITDA = -0.04 (Net Debt -28.4m / EBITDA 752.1m)
Debt / FCF = -0.07 (Net Debt -28.4m / FCF TTM 402.0m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.06% (Net Income 425.7m / Total Assets 2.62b)
RoE = 34.26% (Net Income TTM 425.7m / Total Stockholder Equity 1.24b)
RoCE = 35.01% (EBIT 583.9m / Capital Employed (Equity 1.24b + L.T.Debt 425.6m))
RoIC = 25.43% (NOPAT 450.1m / Invested Capital 1.77b)
WACC = 9.75% (E(11.1b)/V(11.3b) * Re(9.45%) + D(193.0m)/V(11.3b) * Rd(34.97%) * (1-Tc(0.23)))
Discount Rate = 9.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 3.21%
[DCF] Terminal Value 73.58% ; FCFF base≈368.0m ; Y1≈421.9m ; Y5≈620.9m
[DCF] Fair Price = 117.5 (EV 7.49b - Net Debt -28.4m = Equity 7.52b / Shares 64.0m; r=9.75% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.78 | EPS CAGR: 43.73% | SUE: -1.51 | # QB: -1
Revenue Correlation: 96.11 | Revenue CAGR: 26.93% | SUE: -0.97 | # QB: -2
EPS current Quarter (2026-06-30): EPS=2.44 | Chg30d=-2.99% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.52 | Chg30d=-4.55% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=8.24 | Chg30d=-0.01% | Revisions=+0% | GrowthEPS=+30.3% | GrowthRev=+24.4%
EPS next Year (2027-12-31): EPS=9.69 | Chg30d=+0.01% | Revisions=+0% | GrowthEPS=+17.6% | GrowthRev=+13.8%
[Analyst] Revisions Ratio: +20%