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Earnings warning

Elmera

OSL:ELMRA · NO0010815673
Electric UtilitiesSmall

360

74
EV / EBIT81
Price / Owner Earnings23
Owner Earnings Yield79
Dividend Yield97
Price/Sales97
EV / Gross Profit92
Price/Book30
Return on Capital90
Cash Return on Capital88
Return on Equity70
EBIT Margin3
Gross Profitability99
Cash Conversion1
Accruals1
Owner Earnings Margin54
Sales growth94
Profit Growth29
Long-Term EPS Growth3
Owner Earnings Growth23
Reinvestment90
Price momentum20
Debt load11
Refinancing91
Debt Payback60
Liquidity28
Analyst ratings25
Opinion Changes88
Price Target Upside72
Market mood66
Value Creation14/20strong value creator
  • 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

Elmera generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryNorway
IndustryElectric Utilities
SizeSmall
TypePublic Company
ExchangeOB
Founded2017
Employees122
ISINNO0010815673
Last UpdateApr 2, 2026
Themes
Energy ManagementElectric VehicleResidential SolarClean EnergyCleanTechPower GridEnergy EfficiencyElectric Vehicle Charging InfrastructureConsumerElectrical DistributionRetail

Description

Elmera Group ASA an energy company that engages in the purchase, sale, and portfolio management of electrical power. Business Strategy The company's business strategy is oriented towards sustainable growth and customer-centric services. The company…

Analysis

Bargain bin

Elmera Group ASA is priced cheaply, and that invites the natural question of why, since the underlying business scores below average. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 12.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -0% a year, against analyst forecasts of -20%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is moderate; the safety picture is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
88
2023202420252026

All-time high

88

Jun 2026

All-time low

10

Mar 2026

Average rank

46

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
97
91
93
87
Price/Earnings
55
67
68
97
Price/Book
30
7
23
59
Dividend Yield
97
98
96
100
Value (overall)
82
84
84
96

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 →