Norsk Hydro (OB:NHY) - Stock Price, News & Analysis

NHY Stock Overview

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide.

NHY fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Earnings are forecast to grow 33.26% per year

Risk Analysis

Profit margins (3.3%) are lower than last year (14.7%)

Dividend of 9.07% is not well covered by earnings

Norsk Hydro ASA Competitors

Yara International

OB:YAR

kr92.8b

Hindalco Industries

BSE:500440

₹1.0t

China Hongqiao Group

SEHK:1378

HK$70.4b

Aluminum Corporation of China

SEHK:2600

HK$102.9b

Price History & Performance

Summary of all time highs, changes and price drops for Norsk Hydro
Historical stock prices
Current Share Price	kr62.32
52 Week High	kr84.04
52 Week Low	kr56.62
Beta	1.37
1 Month Change	-7.26%
3 Month Change	-6.03%
1 Year Change	-5.55%
3 Year Change	126.12%
5 Year Change	38.12%
Change since IPO	120.99%

Recent updates

Why The 26% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention

Sep 28

Norsk Hydro ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Jul 26

Here's Why We Think Norsk Hydro (OB:NHY) Is Well Worth Watching

Jul 20

An Intrinsic Calculation For Norsk Hydro ASA (OB:NHY) Suggests It's 34% Undervalued

Jun 05

Norsk Hydro ASA's (OB:NHY) Intrinsic Value Is Potentially 26% Above Its Share Price

Dec 21

Is Norsk Hydro (OB:NHY) A Risky Investment?

Oct 29

Returns Are Gaining Momentum At Norsk Hydro (OB:NHY)

Oct 11

An Intrinsic Calculation For Norsk Hydro ASA (OB:NHY) Suggests It's 25% Undervalued

Sep 06

Is Norsk Hydro (OB:NHY) A Risky Investment?

Jul 13

An Intrinsic Calculation For Norsk Hydro ASA (OB:NHY) Suggests It's 40% Undervalued

Jun 07

Is Norsk Hydro (OB:NHY) A Risky Investment?

Apr 09

Could Norsk Hydro ASA (OB:NHY) Have The Makings Of Another Dividend Aristocrat?

Mar 09

Shareholder Returns

	NHY	NO Metals and Mining	NO Market
7D	9.8%	4.4%	-0.9%
1Y	-5.5%	-9.7%	0.6%

Return vs Industry: NHY exceeded the Norwegian Metals and Mining industry which returned -9.7% over the past year.

Return vs Market: NHY underperformed the Norwegian Market which returned 0.6% over the past year.

Price Volatility

Is NHY's price volatile compared to industry and market?
NHY volatility
NHY Average Weekly Movement	4.2%
Metals and Mining Industry Average Movement	6.0%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	11.8%
10% least volatile stocks in NO Market	2.6%

Stable Share Price: NHY is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NHY's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1905	32,014	Hilde Aasheim	https://www.hydro.com

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments. The Hydro Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

Norsk Hydro ASA Fundamentals Summary

How do Norsk Hydro's earnings and revenue compare to its market cap?
NHY fundamental statistics
Market Cap	kr122.79b
Earnings (TTM)	kr6.37b
Revenue (TTM)	kr190.94b

19.8x

P/E Ratio

0.7x

P/S Ratio

Is NHY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NHY income statement (TTM)
Revenue	kr190.94b
Cost of Revenue	kr122.76b
Gross Profit	kr68.18b
Other Expenses	kr61.81b
Earnings	kr6.37b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Feb 14, 2024

Earnings per share (EPS)	3.15
Gross Margin	35.71%
Net Profit Margin	3.34%
Debt/Equity Ratio	33.1%

How did NHY perform over the long term?

See historical performance and comparison

Dividends

9.1%

Current Dividend Yield

181%

Payout Ratio

NHY Stock Overview

Rewards

Risk Analysis

Norsk Hydro ASA Competitors

OB:YAR

kr92.8b

BSE:500440

₹1.0t

SEHK:1378

HK$70.4b

SEHK:2600

HK$102.9b

Price History & Performance

Recent News & Updates

Third quarter 2023 earnings: EPS misses analyst expectations

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Consensus EPS estimates fall by 16%, revenue upgraded

Now 20% undervalued after recent price drop

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

Recent updates

Third quarter 2023 earnings: EPS misses analyst expectations

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Consensus EPS estimates fall by 16%, revenue upgraded

Now 20% undervalued after recent price drop

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

Why The 26% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention

Now 22% undervalued

Is Norsk Hydro (OB:NHY) Using Too Much Debt?

Estimating The Fair Value Of Norsk Hydro ASA (OB:NHY)

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Norsk Hydro (OB:NHY) Is Very Good At Capital Allocation

Norsk Hydro (OB:NHY) Has A Pretty Healthy Balance Sheet

Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023

Consensus EPS estimates fall by 10%, revenue upgraded

Upcoming dividend of kr5.65 per share at 7.5% yield

Norsk Hydro (OB:NHY) Is Increasing Its Dividend To NOK5.65

Consensus EPS estimates fall by 11%, revenue upgraded

Consensus EPS estimates fall by 16%

Does This Valuation Of Norsk Hydro ASA (OB:NHY) Imply Investors Are Overpaying?

Norsk Hydro (OB:NHY) Is Increasing Its Dividend To NOK5.65

Under The Bonnet, Norsk Hydro's (OB:NHY) Returns Look Impressive

Norsk Hydro (OB:NHY) Will Pay A Larger Dividend Than Last Year At NOK5.65

Norsk Hydro ASA Proposes Dividend for the Financial Year 2022, Payable on 23 May 2023

Here's Why Norsk Hydro (OB:NHY) Can Manage Its Debt Responsibly

Full year 2022 earnings released: EPS: kr11.76 (vs kr5.92 in FY 2021)

Here's Why We Think Norsk Hydro (OB:NHY) Is Well Worth Watching

A Look At The Fair Value Of Norsk Hydro ASA (OB:NHY)

Less than half of directors are independent

Norsk Hydro ASA (OB:NHY) signed an agreement to acquire Hueck Industrie Holding KG for an enterprise value of €60.3 million.

Norsk Hydro ASA (OB:NHY) announces an Equity Buyback for NOK 2,000 million worth of its shares, under the authorization approved on September 20, 2022.

Norsk Hydro ASA Announces Executive Changes

Norsk Hydro ASA Approves Additional Dividend, Payable on September 30, 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Norsk Hydro ASA, Annual General Meeting, May 10, 2023

Norsk Hydro ASA Proposes Additional Cash Dividend on Basis of Financial Statements for the Financial Year 2021, Payable on 30 September 2022

Norsk Hydro ASA Announces Slovalco Will Stop Primary Aluminium Production

Consensus EPS estimates increase by 16%

Norsk Hydro ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to kr78.77

Here's Why We Think Norsk Hydro (OB:NHY) Is Well Worth Watching

Price target decreased to kr80.69

Price target decreased to kr82.77

Investor sentiment deteriorated over the past week

Norsk Hydro ASA Announces Resignation of Helena Nonka as Executive Vice President, Corporate Development

An Intrinsic Calculation For Norsk Hydro ASA (OB:NHY) Suggests It's 34% Undervalued

Less than half of directors are independent

Norsk Hydro ASA Approves Dividend, Payable on May 20, 2022

Norsk Hydro ASA Announces Special Dividend, Payable on May 11, 2022

Norsk Hydro ASA Provides Update on Power Failure at Albras Causes Shutdown of 25% of Capacity

Power Failure at Albras Causes Shutdown of 25% of Capacity of Norsk Hydro

Norsk Hydro ASA to Discontinue the Corporate Assembly

Norsk Hydro ASA's (OB:NHY) Intrinsic Value Is Potentially 26% Above Its Share Price

Is Norsk Hydro (OB:NHY) A Risky Investment?

Third quarter 2021 earnings released: EPS kr0.50 (vs kr0.11 loss in 3Q 2020)

Returns Are Gaining Momentum At Norsk Hydro (OB:NHY)

An Intrinsic Calculation For Norsk Hydro ASA (OB:NHY) Suggests It's 25% Undervalued