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Norconsult ASA (NORCO.OL)

NOK36.80 +0.40 (+1.10%)
NO OSL Industrials Engineering & Construction
Address Vestfjordgaten 4 1338
Sandvika, NO
CEO Egil Olav Hogna
IPO 2023-11-10
ISIN NO0013052209

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Description

Norconsult ASA provides consultancy services with focus on community planning, engineering design, and architecture in the Nordics and internationally. The company offers consultancy services for the planning and engineering design of construction and real estate projects, such as residential, office, and industrial buildings; hospitals, healthcare buildings, and care homes; schools and educational buildings; sports facilities; cultural buildings; laboratory buildings, terminal buildings for airports and railway stations; and fire and police stations. It also provides infrastructure services for water, geoscience and environment, and transport industries. In addition, the company offers construction engineering, execution, and land acquisition services for renewable energy industry; and consultancy, project development, engineering design, and execution of various construction, renovation and modification projects with industrial installations. Further, it provides IT consulting services and solutions for project management, infrastructure, and property, as well as recruitment and staffing services. The company was founded in 1929 and is headquartered in Sandvika, 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
NOK36.80 +0.40 (+1.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
365.5K
Beta
-0.15
Float Shares
177.42M
Free Float %
57.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.29% -6.52% -14.49% -14.29% -21.12% -20.95% -23.19% +85.22% +85.22% +85.22% +85.22%
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
36.80
DCF (Unlevered) 194.80 +429.3%
DCF (Levered) 182.41 +395.7%

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 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.01
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +9.5% Q1'26: +16.2% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +29.1% Q1'26: -27.1% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +7.7% Q1'26: +3.7% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +8.4% Q1'26: +8.5% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +16.2% Q1'26: +18.9% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +3.6% Q1'26: +2.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    1.97× Q1'26: 1.62× (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 (-0.11) × ERP
WACC = 79% × Ke + 21% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 195.10 Current price: 36.80
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
3 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
9.57B
est: 9.95B (-3.8%)
10.41B
est: 9.43B (+10.4%)
11.40B
est: 10.11B (+12.8%)
11.35B
11.32B – 11.39B
+12.3% YoY
12.13B
12.09B – 12.18B
+6.9% YoY
12.85B
12.76B – 12.93B
+5.9% YoY
13.52B
13.52B – 13.52B
+5.2% YoY
EBITDA
1.17B
est: 1.58B (-25.8%)
1.14B
est: 1.50B (-24.0%)
1.51B
est: 1.61B (-6.3%)
1.81B
1.80B – 1.81B
+12.3% YoY
1.93B
1.92B – 1.94B
+6.9% YoY
2.04B
2.03B – 2.06B
+5.9% YoY
2.15B
2.15B – 2.15B
+5.2% YoY
EBIT
717.00M
est: 1.10B (-34.9%)
650.00M
est: 1.05B (-37.8%)
955.00M
est: 1.12B (-14.7%)
1.26B
1.25B – 1.26B
+12.3% YoY
1.34B
1.34B – 1.35B
+6.9% YoY
1.42B
1.41B – 1.43B
+5.9% YoY
1.50B
1.50B – 1.50B
+5.2% YoY
Net Income
516.00M
est: 425.07M (+21.4%)
496.00M
est: 688.66M (-28.0%)
651.00M
est: 699.77M (-7.0%)
755.70M
705.32M – 806.08M
+8.0% YoY
863.67M
793.06M – 1.06B
+14.3% YoY
925.67M
782.81M – 1.19B
+7.2% YoY
1.10B
1.10B – 1.10B
+19.0% YoY
SGA
908.00M
est: 370.57M (+145.0%)
18.00M
est: 351.51M (-94.9%)
est: 376.65M (-100.0%)
423.01M
421.76M – 424.25M
+12.3% YoY
452.07M
450.33M – 453.81M
+6.9% YoY
478.65M
475.46M – 481.83M
+5.9% YoY
503.58M
503.58M – 503.58M
+5.2% YoY
EPS
1.84
est: 1.39 (+32.5%)
1.72
est: 2.25 (-23.6%)
2.13
est: 2.29 (-6.8%)
2.44
2.30 – 2.63
+6.7% YoY
2.96
2.59 – 3.45
+21.2% YoY
3.18
2.56 – 3.88
+7.4% YoY
3.60
3.60 – 3.60
+13.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-06 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-05 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-04 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.13B
OE per share TTM
3.67
Owner's Yield
9.93%
Maintenance CapEx ratio
11.15%
Maint CapEx / Avg PPE
14.8%

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 29 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.39% 360.7K 0.38%
2 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.39% 360.7K 0.38%
3 Global X - MSCI Norway ETF NORW 0.33% 281.3K 0.50%
4 iShares MSCI Norway ETF ENOR 0.33% 299.8K 0.53%
5 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.13% 549.4K 0.48%
6 WisdomTree International SmallCap Dividend Fund DLS 0.12% 1.29M 0.58%
7 iShares International Small-Cap Equity Factor ETF ISCF 0.07% 459.6K 0.24%
8 iShares MSCI Europe Small-Cap ETF IEUS 0.05% 78.7K 0.41%
9 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.04% 1.51M 0.30%
10 Adasina Social Justice All Cap Global ETF JSTC 0.04% 111.7K 0.89%

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
135.4K
Shares Outstanding
310.30M

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
Egil Olav Hogna Chief Executive Officer & President 7M male
Farah Al-Aieshy Executive Vice President of Sweden 5M female
Dag Fladby Executive Vice President & Chief Financial Officer 4M male
Bård Sverre Hernes Executive Vice President Norway Head Office & Digital 4M male
Vegard Jacobsen Executive Vice President of Norway Regions 4M male
Jess Sorensen MD & Executive VP of Denmark 3M male
Håkon Bergsodden Executive Vice President Renewable Energy 3M male
Marisa Ruiz Retamar Executive Vice President of Human Resource 3M female
Kathrine Duun Moen Executive Vice President of Technogarden & Metier 3M female
Hege Njå Bjørkmann Executive Vice President Communication & Brand 3M female
Knut Helgesen Executive Vice President of Energy male
Henning Vellene Head of Technology and Industry 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