Added to YB: 2024-05-31
Pitch date: 2024-05-29
NORBT.OL [bullish]
Norbit ASA
+179.52%
current return
Author Info
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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 11.7B
Pitch Price
NOK 63.47
Price Target
76.23 (-57%)
Dividend
1.64%
EV/EBITDA
20.41
P/E
30.92
EV/Sales
5.37
Sector
Electronic Equipment, Instruments and Components
Category
growth
Norbit - A profitable problem solver
NORBT.OL: Norwegian niche tech company with 29% annualized return since 2019 IPO. Positioned in connectivity, blue economy, & security. 2023: 35.6% EPS CAGR ('17-'23), 29% ROCE, 59.5% GM, 25.8% EBITDA margin. Aims for NOK 3B revenue (organic + M&A) & 30% ROCE by 2027. Risks: disruption, competition, M&A, takeover. Founder owns 16%, CEO 12%. Weak Q1 but strong finances. Attractive at 16x fwd P/E for 27% historical EPS CAGR compounder. 18% upside.
Read full article (18 min)