Norbit ASA

Norbit ASA

NORBT · OL · Technology / Scientific & Technical Instruments

178.80NOK-8.00 (-4.28%)

Price History

Full chart

Market Stats

Previous Close186.80
Open184.60
Day Range178.10 – 185.90
52-Week Range156.00 – 238.35
Volume397.03K
Market Cap10.41B
P/E (TTM)23.11
Forward P/E17.12
EPS7.04
Dividend Yield3.07%
Beta0.42
50-Day Avg166.90
200-Day Avg185.58

About

Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric 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; and GuardPoint 70, GuardPoint 100, GuardPoint 200, and GuardPoint 400 intruder detection sonar, NORTrace sonar performance prediction software, and mine detection and classification solutions. It also provides SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; Securus system, a multipurpose camera system for the maritime environment; SeaView multi-sensor systems for shore-based installations; and SeaDarQ, oil spill detection radar. In addition, the company offers Intelligent Traffic Systems, including CEN dedicated short-range communication (DSRC) based connectivity devices and solutions for smart tachographs, satellite-based truck tolling, battery-operated DSRC OBUs, and tailored solutions with GNSS and GSM antennas; iData that specializes in vehicle monitoring, tailored reporting, fleet management, and fuel control; and Connected Solutions for asset and vehicle monitoring, tracking, and management. Norbit ASA was founded in 1995 and is headquartered in Trondheim, Norway.

Company Details

  • SectorTechnology
  • IndustryScientific & Technical Instruments
  • CEOMr. Per Jorgen Weisethaunet
  • Employees588
  • HeadquartersStiklestadveien 1, Trondheim, Norway, 7041, Norway
  • Websitehttps://norbit.com

Leadership

  • Mr. Per Jorgen WeisethaunetGroup Chief Executive Officer · b. 1972
  • Mr. Per Kristian ReppeGroup Chief Financial Officer · b. 1985
  • Ms. Astrid StevikChief Operating Officer · b. 1976
  • Ms. Julie Dahl BenumChief Strategy Officer & Acting Chief Commercial Officer PIR · b. 1992
  • Mr. Lino MorgioneChief Commercial Officer Connectivity · b. 1976
  • Mr. Steffen KirknesFounder & Talent Manager
  • Mr. Sture IngdalFinance Director · b. 1972

Financials

Income Statement

Currency: NOK2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue380.37M310.24M350.12M438.37M668.18M618.80M787.80M1.17B1.52B1.75B2.50B
Growth (%)--18.44%+12.86%+25.20%+52.42%-7.39%+27.31%+48.20%+30.10%+15.31%+42.89%
Cost of Revenue200.28M169.44M187.94M209.54M304.50M292.70M363.30M549.50M631.20M704.60M1.11B
Gross Profit180.09M140.80M162.18M228.83M363.68M326.10M424.50M618.00M887.70M1.05B1.39B
Gross Margin47.35%45.39%46.32%52.20%54.43%52.70%53.88%52.93%58.44%59.77%55.64%
Operating Expense157.14M145.08M154.25M190.78M260.77M281.80M351.00M469.20M603.50M705.10M837.10M
Operating Income22.94M-4.28M7.93M38.05M102.91M44.30M73.50M148.80M284.20M341.70M555.40M
Operating Margin6.03%-1.38%2.26%8.68%15.40%7.16%9.33%12.75%18.71%19.51%22.19%
EBITDA41.35M22.22M46.23M100.95M158.38M84.90M140.90M223.50M391.80M395.50M750.70M
EBITDA Margin10.87%7.16%13.20%23.03%23.70%13.72%17.89%19.14%25.79%22.58%30.00%
Net Income8.70M-6.22M28.50M47.64M77.26M27.30M47.90M106.70M185.30M243.30M404.30M
Net Income Margin2.29%-2.01%8.14%10.87%11.56%4.41%6.08%9.14%12.20%13.89%16.16%
R&D----86.92M-33.90M-49.90M60.00M-
R&D as % of Total Revenue----13.01%-4.30%-3.29%3.43%-
Interest Expense6.86M6.68M10.71M9.25M6.11M1.00M8.20M16.20M29.70M59.80M67.50M
Interest Expense % of Total Revenue1.80%2.15%3.06%2.11%0.91%0.16%1.04%1.39%1.96%3.41%2.70%

Balance Sheet

Currency: NOK2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-274.17M353.36M470.48M600.01M671.60M976.90M1.22B1.50B2.19B2.64B
Total Liabilities-206.29M238.49M312.56M156.43M234.80M479.00M621.50M703.20M1.03B1.42B
Total Equity-52.92M105.45M148.19M443.04M436.30M497.90M599.30M793.40M1.16B1.21B
Cash-3.10M10.14M4.33M15.45M8.60M13.20M33.50M49.60M193.30M158.90M
Total Debt-----118.00M303.20M373.20M266.20M542.50M-
Net Debt--122.06M165.65M3.83M109.40M290.00M339.70M161.90M349.20M364.50M

Cash Flow

Currency: NOK2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow24.34M10.34M15.86M41.22M92.10M47.70M85.70M345.70M430.90M500.50M
Investing Cash Flow-21.91M-36.91M-46.16M-81.89M-136.70M-217.60M-91.90M-149.00M-558.40M-203.60M
Financing Cash Flow-33.52M24.58M53.26M37.80M176.60M26.20M-177.70M260.10M-331.30M
Capital Expenditure21.91M4.01M37.29M82.31M136.70M90.70M92.00M46.30M144.60M200.70M
Free Cash Flow--26.27M-59.66M-41.09M-44.60M-43.00M-6.30M98.00M286.30M299.90M
Dividends Paid3.80M6.00M6.00M6.00M34.10M17.00M17.50M41.60M152.90M382.30M
FCF to OCF--253.99%-376.32%-99.69%-48.43%-90.15%-7.35%28.35%66.44%59.92%
Dividend Paid to FCF--22.84%-10.06%-14.60%-76.46%-39.53%-277.78%42.45%53.41%127.48%

Earnings

Report DateMay 29, 2019Aug 22, 2019Oct 29, 2019Feb 14, 2020May 6, 2020Aug 12, 2020Oct 28, 2020Feb 10, 2021May 11, 2021Aug 12, 2021Nov 11, 2021Feb 14, 2022May 13, 2022Aug 11, 2022Nov 11, 2022Feb 14, 2023May 16, 2023Aug 15, 2023Nov 15, 2023Feb 15, 2024May 15, 2024Aug 15, 2024Nov 14, 2024Feb 12, 2025May 14, 2025Aug 14, 2025Nov 13, 2025Feb 11, 2026May 13, 2026Aug 12, 2026Nov 12, 2026
EPS Estimate0.000.330.370.370.320.070.020.230.170.180.550.330.260.550.430.440.630.850.490.690.620.770.861.721.092.071.08-2.132.421.23
EPS Actual0.590.780.320.430.090.200.24-0.05-0.030.480.170.210.210.730.200.670.881.150.370.710.501.200.631.691.402.060.812.061.732.45-
Surprise-136.36%-13.51%16.22%-71.88%185.71%1100.00%-121.74%-117.65%166.67%-69.09%-36.36%-19.23%32.73%-53.49%52.27%39.68%35.29%-24.49%2.90%-19.35%55.84%-26.74%-1.74%28.44%-0.48%-25.00%--18.78%1.24%-
Timing-Pre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-market-Pre-marketAfter-hoursPre-market

Key Statistics & Ratios

Market Cap10.41B
Enterprise Value11.03B
Trailing P/E23.11
Forward P/E17.12
Price / Sales3.64
Price / Book8.98
EPS7.04
Book Value18.24
Revenue (TTM)2.86B
Gross Profit (TTM)1.51B
EBITDA676.90M
Profit Margin15.78%
Operating Margin24.68%
Return on Equity38.23%
Return on Assets15.04%
Shares Outstanding63.98M
Shares Float57.61M
Beta0.42
Dividend Yield3.07%
Dividend Rate5.00
Payout Ratio113.56%

Dividends

20261×
5.00May 21, 2026
20252×
3.00Nov 18, 20253.00May 7, 2025
20241×
2.55May 7, 2024
20231×
0.70May 5, 2023
20221×
0.30May 5, 2022
20211×
0.30May 5, 2021
20202×
0.30Nov 5, 20200.30May 5, 2020