Added to YB: 2026-05-26
Pitch date: 2026-05-24
NORBT.OL [neutral]
Norbit ASA
-10.37%
current return
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 solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
Market Cap
NOK 10.8B
Pitch Price
NOK 190.90
Price Target
N/A
Dividend
2.97%
EV/EBITDA
15.84
P/E
23.91
EV/Sales
3.96
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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