Obermatt

Elkem ASA

OSL:ELK · NO0010816093
ChemicalsLarge

360

15
EV / EBIT26
Price / Owner Earnings1
Owner Earnings Yield28
Dividend Yield45
Price/Sales43
EV / Gross Profit92
Price/Book38
Return on Capital10
Cash Return on Capital28
Return on Equity23
EBIT Margin19
Gross Profitability31
Accruals59
Owner Earnings Margin28
Sales growth1
Profit Growth44
Long-Term EPS Growth100
Reinvestment7
Price momentum67
Debt load45
Refinancing99
Debt Payback3
Liquidity35
Analyst ratings49
Opinion Changes5
Price Target Upside28
Market mood70
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Elkem ASA clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryChina
IndustryChemicals
SizeLarge
TypePublic Company
ExchangeOB
Founded1995
Employees1,789
Websiteelkem.com
ISINNO0010816093
Last UpdateApr 2, 2026
Themes
Bio-based and Renewable MaterialsCleanTechDetectors, Sensors and Mems

Description

Elkem ASA is a leading global supplier of advanced silicone solutions, silicon products, and carbon solutions. Business Segments The company operates through three primary segments Silicones, Silicon Products, and Carbon Solutions. Silicones The…

Analysis

Weak and unloved

Elkem ASA scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 122.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 31% a year, against analyst forecasts of 109%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
14
2023202420252026

All-time high

85

Nov 2024

All-time low

14

Jun 2026

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
43
82
83
87
Price/Earnings
24
56
71
100
Price/Book
38
89
81
90
Dividend Yield
45
39
83
92
Value (overall)
26
77
98
100

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →