XOSLNORBT
Market cap471mUSD
Dec 20, Last price
92.40NOK
1D
-1.70%
1Q
7.32%
IPO
343.59%
Name
Norbit ASA
Chart & Performance
P/E
29.51
P/S
3.60
EPS
3.13
Div Yield, %
0.76%
Shrs. gr., 5y
—
Rev. gr., 5y
23.46%
Revenues
1.52b
+30.10%
Net income
185m
+73.66%
CFO
346m
+303.38%
Dividend
May 07, 20242.55 NOK/sh
Earnings
May 06, 2025
Profile
Norbit ASA provides technology products and solutions. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging systems for obstacle avoidance/MCM, and above water laser products under the NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS names; customized cable assemblies, electromechanical box builds, and operational solutions; SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; SECurus provides thermal and daylight stabilized camera solutions; SeaView, which offers thermal and daylight, pan, tilt, and zoom for environmental monitoring, and security and general surveillance; and SeaDarQ, a radar processing solution. It also provides sensing solutions for detecting threats at sea plus waterside security above and below the surface; FCL600, an underwater light solution for aquaculture industry; iData, which offers vehicle monitoring, telematics services, and fleet management for asset and vehicle management; and dedicated short-range communication technology for traffic system and vehicle application. In addition, the company offers research and development services, and contract manufacturing to industrial customers; and sells products based on proprietary technology, including special instrumentation n based on radar, radio frequency, and embedded signal processing technology. Norbit ASA was founded in 1995 and is headquartered in Trondheim, Norway.
Valuation
Title NOK in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 1,518,900 30.10% | 1,167,500 48.20% | 787,800 27.31% | ||
Cost of revenue | 747,100 | 636,400 | 427,800 | ||
Unusual Expense (Income) | |||||
NOPBT | 771,800 | 531,100 | 360,000 | ||
NOPBT Margin | 50.81% | 45.49% | 45.70% | ||
Operating Taxes | 60,800 | 14,100 | 15,900 | ||
Tax Rate | 7.88% | 2.65% | 4.42% | ||
NOPAT | 711,000 | 517,000 | 344,100 | ||
Net income | 185,300 73.66% | 106,700 122.76% | 47,900 75.46% | ||
Dividends | (41,600) | (17,500) | (17,000) | ||
Dividend yield | 1.22% | 1.03% | 0.95% | ||
Proceeds from repurchase of equity | 6,700 | 9,100 | 7,200 | ||
BB yield | -0.20% | -0.54% | -0.40% | ||
| Debt | |||||
Debt current | 106,100 | 194,600 | 134,100 | ||
Long-term debt | 214,800 | 214,400 | 184,100 | ||
Deferred revenue | |||||
Other long-term liabilities | 11,800 | 5,500 | 3,200 | ||
Net debt | 264,700 | 374,200 | 305,000 | ||
| Cash flow | |||||
Cash from operating activities | 345,700 | 85,700 | 47,700 | ||
CAPEX | (46,300) | (92,000) | (90,700) | ||
Cash from investing activities | (149,000) | (91,900) | (217,600) | ||
Cash from financing activities | (177,700) | 26,200 | 176,600 | ||
FCF | 592,300 | 598,600 | 240,100 | ||
| Balance | |||||
Cash | 49,600 | 33,500 | 13,200 | ||
Long term investments | 6,600 | 1,300 | |||
Excess cash | |||||
Stockholders' equity | 425,700 | 279,400 | 189,100 | ||
Invested Capital | 1,071,400 | 946,400 | 786,700 | ||
ROIC | 70.47% | 59.66% | 51.71% | ||
ROCE | 72.04% | 55.91% | 45.53% | ||
| EV | |||||
Common stock shares outstanding | 59,684 | 58,725 | 57,467 | ||
Price | 57.00 97.92% | 28.80 -7.99% | 31.30 73.89% | ||
Market cap | 3,402,012 101.15% | 1,691,280 -5.97% | 1,798,727 75.97% | ||
EV | 3,666,712 | 2,065,480 | 2,103,727 | ||
EBITDA | 879,500 | 617,600 | 429,000 | ||
EV/EBITDA | 4.17 | 3.34 | 4.90 | ||
Interest | 29,700 | 16,200 | 8,200 | ||
Interest/NOPBT | 3.85% | 3.05% | 2.28% | ||