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Elkem ASA (ELK.OL)
Oslo, NO
Elkem ASA, a key producer and supplier of metals and advanced materials, conducts business across numerous European countries, including Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, and the Netherlands. Its operations are divided into three main segments: Silicones, Silicon Products, and Carbon Solutions. The Silicones division is responsible for manufacturing and distributing a diverse portfolio of silicone-based items, serving various sub-sectors such as release coatings, engineering elastomers, healthcare products, specialized fluids, emulsions, and resins. The Silicon Products segment focuses on producing a range of metallurgical silicon grades, ferrosilicon, foundry alloys, and microsilica, all used in a wide array of final applications. Meanwhile, the Carbon Solutions unit develops carbon electrode materials, lining compounds, and bespoke carbon products crucial for metallurgical processes to create different metals. Additionally, Elkem ASA is involved in the generation and sale of hydroelectric power, and supplies heat in the form of steam and hot water. The company, founded in 1904, is headquartered in Oslo, Norway, and functions as a subsidiary of Bluestar Elkem International Co., Ltd. S.A.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.43% | -0.84% | -3.36% | -2.35% | +10.50% | -7.78% | +41.42% | -4.34% | -2.76% | +1.44% | +1.44% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Chemicals - Specialty: +4.7%-7.2% Q2'26: -18.0% (vs Q2'25)
-
EPS growth Chemicals - Specialty: +13.2%-236.4% Q2'26: -257.1% (vs Q2'25)
-
FCF margin FCF growth · Chemicals - Specialty: +44.1%-1.6% Q2'26: +33.4% (vs Q2'25)
-
EBIT margin Chemicals - Specialty: +8.8%+6.5% Q2'26: +6.6% (vs Q2'25)
-
ROIC Chemicals - Specialty: +5.6%+2.3% Q2'26: +4.8% (vs Q2'25)
-
Share dilution Chemicals - Specialty: +0.1%+0.1% Q2'26: -30.9% (vs Q2'25)
-
Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×3.13× Q2'26: 12.35× (vs Q2'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 1996 actual |
Dec 1997 actual |
Dec 1998 actual |
Dec 1999 actual |
Dec 2000 actual |
Dec 2001 actual |
Dec 2002 actual |
Dec 2003 actual |
Dec 2004 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 5 Rev. Ana. 1 EPS Ana. |
Dec 2027 5 Rev. Ana. 3 EPS Ana. |
Dec 2028 5 Rev. Ana. 5 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
9.40B
est.
|
9.64B
est.
|
10.23B
est.
|
8.61B
est.
|
9.16B
est.
|
9.59B
est.
|
10.07B
est.
|
16.41B
est.
|
22.28B
est.
|
25.63B
est: 25.45B (+0.7%)
|
22.25B
est: 23.01B (-3.3%)
|
24.03B
est: 23.86B (+0.7%)
|
33.08B
est: 33.49B (-1.2%)
|
45.02B
est: 45.08B (-0.1%)
|
34.37B
est: 31.78B (+8.1%)
|
17.81B
est: 32.67B (-45.5%)
|
16.54B
est: 30.72B (-46.2%)
|
15.82B
14.75B – 16.86B
-48.5% YoY
|
17.94B
16.11B – 20.90B
+13.4% YoY
|
18.85B
18.73B – 18.98B
+5.1% YoY
|
| EBITDA |
2.00B
est.
|
1.26B
est.
|
1.36B
est.
|
914.32M
est.
|
1.65B
est.
|
1.29B
est.
|
916.02M
est.
|
2.84B
est.
|
2.26B
est.
|
5.39B
est: 3.18B (+69.7%)
|
2.80B
est: 4.28B (-34.5%)
|
2.48B
est: 2.34B (+5.9%)
|
7.78B
est: 2.58B (+201.9%)
|
14.44B
est: 2.71B (+432.8%)
|
4.01B
est: 7.58B (-47.2%)
|
5.15B
est: 7.92B (-34.9%)
|
3.82B
est: 7.33B (-47.8%)
|
3.78B
3.52B – 4.02B
-48.5% YoY
|
4.28B
3.84B – 4.99B
+13.4% YoY
|
4.50B
4.47B – 4.53B
+5.1% YoY
|
| EBIT |
1.26B
est.
|
1.05B
est.
|
1.13B
est.
|
725.07M
est.
|
974.13M
est.
|
984.55M
est.
|
836.23M
est.
|
1.57B
est.
|
1.64B
est.
|
4.17B
est: 2.31B (+80.4%)
|
1.40B
est: 3.77B (-62.9%)
|
833.00M
est: 1.39B (-39.9%)
|
6.01B
est: 1.52B (+294.1%)
|
12.42B
est: 1.60B (+675.1%)
|
1.69B
est: 4.46B (-62.0%)
|
2.30B
est: 4.66B (-50.6%)
|
1.08B
est: 4.31B (-74.9%)
|
2.22B
2.07B – 2.37B
-48.5% YoY
|
2.52B
2.26B – 2.93B
+13.4% YoY
|
2.64B
2.63B – 2.66B
+5.1% YoY
|
| Net Income |
9.05B
est.
|
754.62M
est.
|
953.81M
est.
|
471.88M
est.
|
863.05M
est.
|
661.51M
est.
|
271.49M
est.
|
1.36B
est.
|
939.81M
est.
|
3.34B
est: 1.32B (+152.4%)
|
855.00M
est: 3.04B (-71.9%)
|
239.00M
est: 856.60M (-72.1%)
|
4.63B
est: 941.98M (+391.3%)
|
9.56B
est: 990.02M (+865.7%)
|
72.00M
est: -502.00M (+114.3%)
|
488.00M
est: 700.00M (-30.3%)
|
-668.00M
est: -483.49M (-38.2%)
|
154.24M
134.14M – 174.33M
+131.9% YoY
|
2.34B
1.97B – 2.71B
+1,416.6% YoY
|
2.88B
1.88B – 3.89B
+23.3% YoY
|
| SGA |
1.28B
est.
|
1.60B
est.
|
1.80B
est.
|
1.61B
est.
|
2.02B
est.
|
1.73B
est.
|
1.64B
est.
|
3.39B
est.
|
5.03B
est.
|
2.77B
est: 7.08B (-60.9%)
|
3.10B
est: 3.14B (-1.4%)
|
3.46B
est: 3.70B (-6.6%)
|
3.82B
est: 4.07B (-6.2%)
|
4.97B
est: 4.28B (+16.2%)
|
5.31B
est: 3.40B (+56.3%)
|
2.75B
est: 3.55B (-22.7%)
|
—
est: 3.28B (-100.0%)
|
1.69B
1.58B – 1.80B
-48.5% YoY
|
1.92B
1.72B – 2.23B
+13.4% YoY
|
2.02B
2.00B – 2.03B
+5.1% YoY
|
| EPS |
14.27
est.
|
14.50
est.
|
12.88
est.
|
13.71
est.
|
14.27
est.
|
13.19
est.
|
12.94
est.
|
16.15
est.
|
19.74
est.
|
5.74
est: 4.55 (+26.3%)
|
1.47
est: 1.04 (+41.4%)
|
0.41
est: 0.56 (-26.5%)
|
7.49
est: 5.58 (+34.2%)
|
15.09
est: 11.65 (+29.5%)
|
0.11
est: -0.79 (+113.9%)
|
0.77
est: 0.84 (-8.7%)
|
-1.05
est: -0.75 (-40.7%)
|
0.24
0.21 – 0.27
+131.9% YoY
|
3.69
3.10 – 4.27
+1,448.8% YoY
|
4.67
2.97 – 6.13
+26.7% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-30 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-29 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-28 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-27 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-24 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-23 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-22 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-21 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-20 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-17 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF - USD Acc RARE.SW | 0.84% | 7.55M | 0.50% |
| 2 | Global X - MSCI Norway ETF NORW | 0.40% | 344.7K | 0.50% |
| 3 | iShares MSCI Norway ETF ENOR | 0.40% | 367.0K | 0.53% |
| 4 | iShares International Developed Small Cap Value Factor ETF ISVL | 0.12% | 370.9K | 0.31% |
| 5 | Dimensional - International Small Cap Value ETF DISV | 0.10% | 4.52M | 0.42% |
| 6 | State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE | 0.08% | 658.0K | 0.30% |
| 7 | Schwab Fundamental International Small Company Index ETF FNDC | 0.07% | 2.14M | 0.39% |
| 8 | Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L | 0.06% | 2.11M | 0.30% |
| 9 | Xtrackers Future Mobility UCITS ETF 1C XMOV.SW | 0.06% | 116.1K | 0.35% |
| 10 | iShares MSCI Europe Small-Cap ETF IEUS | 0.06% | 96.5K | 0.41% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Helge Aasen | Chief Executive Officer | 15M | male |
| Morten Viga | Chief Financial Officer | 7M | male |
| Inge Grubben-Stromnes | Senior Vice President of Silicon Products | 6M | male |
| Morten Magnus Voll | Senior Vice President of Strategy & Business Development | 6M | male |
| Katja Lehland | Senior Vice President of Human Resources | 6M | female |
| Luiz Simao | Senior Vice President of Carbon Solutions Division | 5M | male |
| Havard I. Moe | Senior Vice President of Technology | 5M | male |
| Sandy Chen | Senior Vice President of Silicone | 4M | female |
| Odd-Geir Lyngstad | Vice President of Finance & Investor Relations | — | — |
| Tom Preststulen | Managing Partner | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for ELK.OL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
