Added to YB: 2026-05-26
Pitch date: 2026-05-24
NORBT.OL [neutral]
Norbit ASA
Author Info
Farrer 36 is an asset manager based out of Singapore that focuses on long-only equity strategies. Sign up for the newsletter.
Company Info
Norbit ASA provides technology products and solutions. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
Market Cap
NOK 5.3B
Pitch Price
N/A
Price Target
N/A
Dividend
1.86%
EV/EBITDA
18.09
P/E
30.08
EV/Sales
3.61
Sector
Electronic Equipment, Instruments and Components
Category
growth
(Non) Semi-Baked Ideas - Norbit ASA
NORBT.OL (quick overview): Q1 2026 rev NOK732M (+40% YoY), EBITDA NOK202M (28% margin), 105% FCF conversion. PIR segment +111% YoY on defense demand; NOK115M European defense order for Q2. Mgmt targets >NOK3B rev, >22% EBIT margin for 2026, ahead of Feb 2024 4yr plan. Risk: limited visibility (radar 6-8wks, lumpy PIR orders). 20x fwd P/E not cheap but 40%+ growth in rising EU defense spending environment.
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