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Norbit ASA (NORBT.OL)

NOK168.00 -1.50 (-0.89%)
NO OSL Technology Hardware, Equipment & Parts
Address Stiklestadveien 1 7041
Trondheim, NO
CEO Per Jorgen Weisethaunet
Website norbit.com
IPO 2019-06-20
ISIN NO0010856511

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Description

Norbit ASA specializes in delivering advanced technology products and comprehensive solutions across various industries. Its operations are strategically divided into three core segments: Oceans, Connectivity, and Product Innovation & Realization. Under its Oceans division, Norbit develops sophisticated multibeam sonar systems. These encompass integrated bathymetric solutions, general bathymetry tools, and advanced monitoring systems tailored for applications in dredging, construction, and renewable energy sectors. They also provide forward-looking wide-area imaging as well as advanced imaging capabilities for obstacle avoidance and mine countermeasure (MCM) operations, prominently featured under product lines such as NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS. Additionally, the company supplies above-water laser technologies. Within the Connectivity segment, Norbit furnishes customized cable assemblies, electromechanical box builds, and a suite of operational solutions. Key offerings here include SeaCOP, a sensor integration platform designed to create a common operational picture for effective emergency response. It also offers SECurus, delivering stabilized thermal and daylight camera solutions, and SeaView, providing thermal and daylight pan, tilt, and zoom functionalities for environmental surveillance, security, and general monitoring purposes. The portfolio further features SeaDarQ, a specialized radar processing solution. Security provisions extend to sensing solutions engineered to detect maritime threats and ensure waterside security, both above and below the surface. For the aquaculture industry, Norbit provides FCL600, an innovative underwater lighting solution. Its iData solution delivers comprehensive vehicle monitoring, telematics services, and robust fleet management capabilities for asset and vehicle oversight. Moreover, Norbit develops dedicated short-range communication technology for advanced traffic systems and various vehicle applications. The Product Innovation & Realization segment extends its expertise through research and development services and contract manufacturing for industrial clientele. This segment also markets products leveraging Norbit's proprietary technology, particularly specialized instrumentation relying on radar, radio frequency, and embedded signal processing techniques. Established in 1995, Norbit ASA maintains its headquarters in Trondheim, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK168.00 -1.50 (-0.89%)
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Volume Profile
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Liquidity & share structure
Average Volume
172.4K
Beta
0.46
Float Shares
30.41M
Free Float %
47.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-8.71% -11.87% -12.70% +5.06% +13.50% +14.01% +19.51% +337.42% +911.94% +878.35% +878.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
168.00
DCF (Unlevered) 606.94 +261.3%
DCF (Levered) 949.70 +465.3%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 0 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.32
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +42.9% Q1'26: +40.3% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    +60.8% Q1'26: +23.6% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +14.0% Q1'26: +24.8% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +22.2% Q1'26: +21.3% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +24.1% Q1'26: +28.3% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    +3.3% Q1'26: +0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    1.01× Q1'26: 0.77× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.47) × ERP
WACC = 95% × Ke + 5% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 598.96 Current price: 168.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
1.52B
est: 1.51B (+0.6%)
1.75B
est: 1.75B (+0.2%)
2.50B
est: 2.56B (-2.4%)
3.15B
3.13B – 3.19B
+22.9% YoY
3.59B
3.54B – 3.67B
+13.9% YoY
4.01B
3.97B – 4.05B
+11.7% YoY
4.55B
4.51B – 4.61B
+13.5% YoY
4.19B
4.15B – 4.24B
-8.0% YoY
EBITDA
391.70M
est: 299.32M (+30.9%)
395.50M
est: 681.83M (-42.0%)
712.20M
est: 1.00B (-28.8%)
1.23B
1.22B – 1.24B
+22.9% YoY
1.40B
1.38B – 1.43B
+13.9% YoY
1.56B
1.55B – 1.58B
+11.7% YoY
1.77B
1.76B – 1.80B
+13.5% YoY
1.63B
1.62B – 1.65B
-8.0% YoY
EBIT
284.00M
est: 196.45M (+44.6%)
345.20M
est: 637.17M (-45.8%)
555.30M
est: 934.98M (-40.6%)
1.15B
1.14B – 1.16B
+22.9% YoY
1.31B
1.29B – 1.34B
+13.9% YoY
1.46B
1.45B – 1.48B
+11.7% YoY
1.66B
1.65B – 1.68B
+13.5% YoY
1.53B
1.51B – 1.54B
-8.0% YoY
Net Income
185.30M
est: 195.41M (-5.2%)
243.30M
est: 246.71M (-1.4%)
404.30M
est: 453.86M (-10.9%)
540.45M
533.49M – 547.40M
+19.1% YoY
624.47M
607.12M – 632.04M
+15.5% YoY
724.13M
722.20M – 726.06M
+16.0% YoY
865.80M
857.13M – 879.49M
+19.6% YoY
760.70M
753.09M – 772.73M
-12.1% YoY
SGA
21.00M
est: 140.75M (-85.1%)
366.90M
est: 132.70M (+176.5%)
est: 194.72M (-100.0%)
239.31M
237.47M – 242.22M
+22.9% YoY
272.51M
268.63M – 278.65M
+13.9% YoY
304.30M
301.27M – 307.34M
+11.7% YoY
345.44M
342.78M – 349.64M
+13.5% YoY
317.90M
315.45M – 321.76M
-8.0% YoY
EPS
3.11
est: 3.16 (-1.5%)
3.94
est: 3.86 (+2.1%)
6.34
est: 7.10 (-10.7%)
8.43
8.35 – 8.56
+18.7% YoY
9.75
9.50 – 9.89
+15.7% YoY
11.33
11.30 – 11.36
+16.2% YoY
13.54
13.41 – 13.76
+19.6% YoY
11.90
11.78 – 12.09
-12.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-05-11 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-05-08 B+ 3/5 5/5 5/5 5/5 1/5 2/5 1/5
2026-05-07 B+ 3/5 5/5 5/5 5/5 1/5 2/5 1/5
2026-05-06 B+ 3/5 5/5 5/5 5/5 1/5 2/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
415.50M
OE per share TTM
6.49
Owner's Yield
2.92%
Maintenance CapEx ratio
23.45%
Maint CapEx / Avg PPE
15.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 56 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - MSCI Norway ETF NORW 0.28% 239.0K 0.50%
2 iShares MSCI Norway ETF ENOR 0.28% 255.1K 0.53%
3 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.21% 196.4K 0.38%
4 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.21% 196.4K 0.38%
5 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.10% 421.4K 0.48%
6 WisdomTree International SmallCap Dividend Fund DLS 0.10% 1.01M 0.58%
7 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.10% 329.8K 0.23%
8 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.10% 329.8K 0.23%
9 iShares MSCI Europe Small-Cap ETF IEUS 0.04% 62.6K 0.41%
10 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.04% 1.21M 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.11M
Shares Outstanding
63.89M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Per Jorgen Weisethaunet Group Chief Executive Officer 11M male
Per Kristian Reppe Group Chief Financial Officer 9M male
Julie Dahl Benum Chief Strategy Officer & Acting Chief Commercial Officer PIR 5M female
Astrid Stevik Chief Operating Officer 2M female
Lino Morgione Chief Commercial Officer Connectivity 600.0K male
Steffen Kirknes Founder & Talent Manager male
Sture Ingdal Finance Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits