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Elkem ASAOB:ELK Stock Report

Market Cap NOK 17.9b
Share Price
NOK 28.26
My Fair Value
NOK 30.32
6.8% undervalued intrinsic discount
1Y48.6%
7D3.1%
Portfolio Value
​
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Elkem ASA

OB:ELK Stock Report

Market Cap: NOK 17.9b

Elkem (ELK) Stock Overview

Engages in the provision of advanced material solutions worldwide. More details

ELK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance1/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 89.2% below our estimate of its fair value

Earnings are forecast to grow 49.22% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (4.1%) are lower than last year (19.9%)


ELK Community Fair Values

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See what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Elkem

Silicones Review And Carbon Capture R&D Will Improve Competitiveness

Key Takeaways Strategic review and operational improvements, especially in China, may enhance competitiveness and increase earnings upon completion by year-end. Diverse geographical presence and R&D initiatives in sustainability could drive revenue growth and strong net margins amid global trade tensions.
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NOK 29.32
FV
3.6% undervalued intrinsic discount
36.77%
Revenue growth p.a.
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15users have followed this narrative
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Elkem ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Elkem
Historical stock prices
Current Share PriceNOK 28.26
52 Week HighNOK 29.28
52 Week LowNOK 16.50
Beta1.34
1 Month Change15.16%
3 Month Change15.63%
1 Year Change48.58%
3 Year Change-21.59%
5 Year Change21.92%
Change since IPO1.65%

Recent News & Updates

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

Sep 20
Earnings Tell The Story For Elkem ASA (OB:ELK)

Recent updates

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

Sep 20
Earnings Tell The Story For Elkem ASA (OB:ELK)

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

Jul 09
Is Now The Time To Look At Buying Elkem ASA (OB:ELK)?

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

Jun 17
Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

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

May 07
Shareholders Shouldn’t Be Too Comfortable With Elkem's (OB:ELK) Strong Earnings

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

Apr 29
Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

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

Mar 24
Is It Too Late To Consider Buying Elkem ASA (OB:ELK)?
User avatar

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.

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

Feb 05
Investors Still Aren't Entirely Convinced By Elkem ASA's (OB:ELK) Revenues Despite 26% Price Jump

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

Jan 23
Here's Why Elkem (OB:ELK) Is Weighed Down By Its Debt Load

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

Dec 19
Market Still Lacking Some Conviction On Elkem ASA (OB:ELK)

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

Nov 02
There May Be Reason For Hope In Elkem's (OB:ELK) Disappointing Earnings

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

Oct 27
Elkem ASA Just Missed EPS By 51%: Here's What Analysts Think Will Happen Next

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

Sep 04
Little Excitement Around Elkem ASA's (OB:ELK) Revenues

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

Aug 07
The Returns On Capital At Elkem (OB:ELK) Don't Inspire Confidence

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

Jul 17
Elkem ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

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

Jun 11
These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way

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

May 27
Elkem ASA's (OB:ELK) Revenues Are Not Doing Enough For Some Investors

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

May 11
Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 24% Below Its Share Price

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

Apr 22
Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

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

Apr 09
What Does Elkem ASA's (OB:ELK) Share Price Indicate?

Is Elkem (OB:ELK) A Risky Investment?

Dec 15
Is Elkem (OB:ELK) A Risky Investment?

Why Elkem ASA (OB:ELK) Could Be Worth Watching

Oct 23
Why Elkem ASA (OB:ELK) Could Be Worth Watching

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

Oct 04
Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

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

Aug 19
Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)

Aug 03
Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)

What Is Elkem ASA's (OB:ELK) Share Price Doing?

Jul 15
What Is Elkem ASA's (OB:ELK) Share Price Doing?

Why We Like The Returns At Elkem (OB:ELK)

Jun 21
Why We Like The Returns At Elkem (OB:ELK)

Shareholder Returns

ELKNO ChemicalsNO Market
7D3.1%0.8%-2.0%
1Y48.6%8.1%6.0%

Return vs Industry: ELK exceeded the Norwegian Chemicals industry which returned 8.1% over the past year.

Return vs Market: ELK exceeded the Norwegian Market which returned 6% over the past year.

Price Volatility

Is ELK's price volatile compared to industry and market?
ELK volatility
ELK Average Weekly Movement4.9%
Chemicals Industry Average Movement5.7%
Market Average Movement4.4%
10% most volatile stocks in NO Market10.4%
10% least volatile stocks in NO Market2.3%

Stable Share Price: ELK has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: ELK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19047,200Helge Aasenwww.elkem.com

Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through Silicones, Silicon Products, and Carbon Solutions segments. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones.

Elkem ASA Fundamentals Summary

How do Elkem's earnings and revenue compare to its market cap?
ELK fundamental statistics
Market capNOK 17.92b
Earnings (TTM)NOK 700.00m
Revenue (TTM)NOK 16.98b
25.6x
P/E Ratio
1.1x
P/S Ratio

Is ELK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ELK income statement (TTM)
RevenueNOK 16.98b
Cost of RevenueNOK 7.73b
Gross ProfitNOK 9.24b
Other ExpensesNOK 8.54b
EarningsNOK 700.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 23, 2025

Earnings per share (EPS)1.10
Gross Margin54.45%
Net Profit Margin4.12%
Debt/Equity Ratio49.4%

How did ELK perform over the long term?

See historical performance and comparison

Dividends

1.1%
Current Dividend Yield
27%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 17:29
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
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

Elkem ASA is covered by 11 analysts. 5 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
Sebastian SatzCitigroup Inc
Niclas GehinDNB Carnegie