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Norsk Hydro ASA NHY.OL

NO · Oslo Børs · XOSL · stock · Basic Materials · website

Norsk Hydro ASA statistics & valuation

Market capkr 176.6B
P / E26.3×
P / S0.8×
P / B1.8×
P / FCF15.1×
Net margin3.2%
FCF margin5.6%
Net debtkr 20.5B
Enterprise value USD$20.9B
Earnings yield EBIT/EV20.6%
Return on capital25.2%
Graham number -30.5%kr 62.41

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (kr 62.41); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.60% 1.90% 2.80% 3.20% 2022202320242025
Gross margin (%)
37.80% 36.20% 36.50% 36.00% 2022202320242025
Operating margin (%)
24.20% 19.80% 20.10% 19.50% 2022202320242025
Return on equity (%)
23.60% 3.60% 5.70% 6.70% 2022202320242025
Shares outstanding
1.97B 1.97B 1.97B 1.97B 2022202320242025
Net debt (kr )
kr 2.97B kr 11.47B kr 19.70B kr 20.49B 2022202320242025
Share buybacks (kr )
kr 661.0M kr 2.16B kr 2.27B kr 856.0M 2022202320242025
Return on assets (%)
12.20% 1.70% 2.80% 3.20% 2022202320242025
Free cash flow margin (%)
9.50% 4.40% 0.90% 5.60% 2022202320242025
Debt / equity (×)
0.32× 0.36× 0.34× 0.37× 2022202320242025
EPS (kr )
kr 11.78 kr 1.77 kr 2.90 kr 3.41 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Norsk Hydro ASA trades at about 26.3× earnings — near its 10-year norm (10-year range 6.8×–35×, median 25.3×).

6.8× 35×

Shaded band = 10-year range (6.8×–35×); dot = today's 26.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin36.0%36.5%36.2%37.8%
Operating margin19.5%20.1%19.8%24.2%
Net margin3.2%2.8%1.9%11.6%
FCF margin5.6%0.9%4.4%9.5%
Return on assets3.2%2.8%1.7%12.2%
Return on equity6.7%5.7%3.6%23.6%
Debt / equity0.28×
Current ratio1.731.531.902.08

Computed from company filings · NO · as of 2025-12-31. Figures in NOK. Facts plus Stocktoria's own computed scores — not investment advice.