NORBT Stock Analysis: Norbit ASA | OL
Scientific & Technical Instruments | OL, Norway | Market Cap: 10.211m NOK | 12M Return: -11.5% | NO0010856511 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.2M
EPS Trend: 93.9%
Qual. Beats: 0
Rev. Trend: 97.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 7.2 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.
Norbit ASA is a Norwegian technology company founded in 1995 and headquartered in Trondheim, operating across three segments: Oceans, Connectivity, and Product Innovation and Realization. The Oceans segment supplies multibeam sonar systems and acoustic monitoring solutions for bathymetry, dredging, construction, renewables, obstacle avoidance, mine countermeasures (MCM), and intruder detection, alongside maritime sensor and camera systems such as SeaCOP, Securus, SeaView, and the SeaDarQ oil spill detection radar. The Connectivity segment delivers Intelligent Traffic Systems (DSRC-based devices, smart tachographs, satellite truck tolling, and GNSS/GSM antennas), the iData fleet management and fuel control platform, and Connected Solutions for asset and vehicle tracking.
Within the GICS Information Technology sector and the Electronic Equipment & Instruments sub-industry, Norbit operates as a niche B2B provider of specialized hardware and embedded software rather than a high-volume consumer electronics company, supplying engineered sensing and connectivity solutions primarily to government, defense, maritime, and transportation customers. Its diversified segment structure combines marine acoustics with intelligent transportation systems, a combination that links exposure to defense and hydrographic surveying budgets with public-sector ITS spending.
- EU smart tachograph mandate drives Connectivity segment order growth
- NATO naval spending lifts Oceans multibeam sonar demand
- Offshore wind expansion boosts seabed survey and dredging sonar orders
| Net Income: 451.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA 3.91 > 1.0 |
| NWC/Revenue: 12.10% < 20% (prev 22.54%; Δ -10.44% < -1%) |
| CFO/TA 0.37 > 3% & CFO 986.4m > Net Income 451.4m |
| Net Debt (74.7m) to EBITDA (795.1m): 0.09 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.0m) vs 12m ago 0.10% < -2% |
| Gross Margin: 52.80% > 18% (prev 60.04%; Δ -7.24% > 0.5%) |
| Asset Turnover: 111.9% > 50% (prev 88.47%; Δ 23.44% > 0%) |
| Interest Coverage Ratio: 9.11 > 6 (EBIT TTM 614.9m / Interest Expense TTM 67.5m) |
| A: 0.13 (Total Current Assets 1.26b - Total Current Liabilities 913.9m) / Total Assets 2.70b |
| B: 0.18 (Retained Earnings 479.1m / Total Assets 2.70b) |
| C: 0.24 (EBIT TTM 614.9m / Avg Total Assets 2.56b) |
| D: 0.76 (Book Value of Equity 1.17b / Total Liabilities 1.53b) |
| Altman-Z'' = 3.84 = AA |
| DSRI: 0.63 (Receivables 307.4m/366.1m, Revenue 2.86b/2.13b) |
| GMI: 1.14 (GM 60.04% / 52.80%) |
| AQI: 0.92 (AQ_t 0.38 / AQ_t-1 0.41) |
| SGI: 1.34 (Revenue 2.86b / 2.13b) |
| TATA: -0.20 (NI 451.4m - CFO 986.4m) / TA 2.70b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of September 27, 2026, the stock is trading at NOK 161.60 with a total of 111,836 shares traded. Over the past week, the price has changed by +1.25%, over one month by -1.82%, over three months by -2.77% and over the past year by -11.49%.
Current recommended Stop Loss: 155.70 (which is 3.7% or 1.3 ATR below the current price).
Norbit ASA has no consensus analysts rating.
P/E Trailing = 22.6705
P/E Forward = 17.0068
P/S = 3.5702
P/B = 8.9114
Revenue TTM = 2.86b NOK
EBIT TTM = 614.9m NOK
EBITDA TTM = 795.1m NOK
Long Term Debt = 429.4m NOK (from longTermDebt, last quarter)
Short Term Debt = 50.5m NOK (from shortLongTermDebt, last quarter)
Debt = 214.6m NOK (Leases only: 214.6m)
Net Debt = 74.7m NOK (calculated: Debt 214.6m - CCE 139.9m)
Enterprise Value = 10.3b NOK (10.2b + Debt 214.6m - CCE 139.9m)
Interest Coverage Ratio = 9.11 (Ebit TTM 614.9m / Interest Expense TTM 67.5m)
EV/FCF = 21.42x (Enterprise Value 10.3b / FCF TTM 480.3m)
FCF Yield = 4.67% (FCF TTM 480.3m / Enterprise Value 10.3b)
FCF Margin = 16.79% (FCF TTM 480.3m / Revenue TTM 2.86b)
Net Margin = 15.78% (Net Income TTM 451.4m / Revenue TTM 2.86b)
Gross Margin = 52.80% ((Revenue TTM 2.86b - Cost of Revenue TTM 1.35b) / Revenue TTM)
Gross Margin QoQ = 51.91% (prev 53.19%)
Tobins Q-Ratio = 3.81 (Enterprise Value 10.3b / Total Assets 2.70b)
Interest Expense / Debt = 31.45% (Interest Expense 67.5m / Debt 214.6m)
Taxrate = 21.96% (127.0m / 578.4m)
NOPAT = 479.9m (EBIT 614.9m * (1 - 21.96%))
Current Ratio = 1.38 (Total Current Assets 1.26b / Total Current Liabilities 913.9m)
Debt / Equity = 0.18 (Debt 214.6m / totalStockholderEquity, last quarter 1.17b)
Debt / EBITDA = 0.09 (Net Debt 74.7m / EBITDA 795.1m)
Debt / FCF = 0.16 (Net Debt 74.7m / FCF TTM 480.3m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.66% (Net Income 451.4m / Total Assets 2.70b)
RoE = 36.53% (Net Income TTM 451.4m / Total Stockholder Equity 1.24b)
RoCE = 36.93% (EBIT 614.9m / Capital Employed (Equity 1.24b + L.T.Debt 429.4m))
RoIC = 29.16% (NOPAT 479.9m / Invested Capital 1.65b)
WACC = 9.40% (E(10.2b)/V(10.4b) * Re(9.08%) + D(214.6m)/V(10.4b) * Rd(31.45%) * (1-Tc(0.22)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.46 | Cagr: 3.21%
[DCF] Terminal Value 74.65% ; FCFF base≈422.1m ; Y1≈483.9m ; Y5≈712.2m
[DCF] Fair Price = 140.2 (EV 9.05b - Net Debt 74.7m = Equity 8.97b / Shares 64.0m; r=9.40% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 93.86 | EPS CAGR: 47.54% | SUE: 0.10 | # QB: 0
Revenue Correlation: 97.23 | Revenue CAGR: 30.01% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.23 | Chg30d=-19.19% | Revisions=-40% | Analysts=2
EPS current Year (2026-12-31): EPS=7.91 | Chg30d=-3.69% | Revisions=-50% | GrowthEPS=+25.2% | GrowthRev=+22.5%
EPS next Year (2027-12-31): EPS=9.71 | Chg30d=+0.31% | Revisions=+17% | GrowthEPS=+22.7% | GrowthRev=+17.7%
[Analyst] Revisions Ratio: -36% (up=2, down=6)