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Norsk Hydro ASA NHY.OL

Price 95.1 NOK
as of 2026-09-04
67/100
No view
Quality50
Growth75
Balance-sheet strength72
Valuation87
Momentum50
Income80

Composite 67/100; the shares have moved about 36% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.

Strongest counter-signal

Momentum ranks 50/100 — a slight mark against it.

Case for

Valuation ranks 87/100 — a strong point in its favour. Income ranks 80/100 — a strong point in its favour. Growth ranks 75/100 — a moderate point in its favour.

Case against

Momentum ranks 50/100 — a slight mark against it. Quality ranks 50/100 — a slight mark against it.

What the company does Norsk Hydro ASA is a diversified aluminum producer with integrated operations spanning bauxite mining, alumina refining, primary aluminum smelting, recycling, and extruded solutions across Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.

Key financials The company reports gross margins of 37.1%, operating margins of 27.8%, and net margins of 4.8%. Revenue grew 6.4% while EPS surged 178.6%. Debt/Equity stands at 0.32 with a net debt/EBITDA of 0.32 and a current ratio of 1.91. Dividend yield is 3.5% with a payout ratio of 60.4%.

Stock health SideraVIA scores show Average quality (50.6) but strong Valuation (78.7) and Income (84.6) metrics. Momentum is weak at 46.3, with 3m -17.20% and RSI(14) at 39.90 indicating oversold conditions.

Price vs fair value The stock trades at a **discount** of 43.40% to our fair-value estimate of 122.09 and a **discount** of 13.72% to the 12-month target of 96.82. - Forward P/E of 10.46 vs trailing 17.00 (Valuation) - FCF yield of 12.0% (Valuation) - ROE of 9.4% and ROA of 12.7% (Profitability) - Piotroski F-Score of 4/9 (Financial health) - 3m momentum of -17.20% (Price pressure)

Looking forward Analysts expect a forward PEG of 0.17, suggesting undervaluation relative to growth. However, weak momentum and mixed profitability metrics temper near-term enthusiasm. Long-term valuation appeal hinges on margin sustainability and execution in recycling and energy segments.

sideravia.comEvery stock argues both sides.
Research, not advice · sideravia.com/conflicts — read the policy

This is not investment advice. Sideravia provides automated, data-driven analysis for information and education only. Nothing on this page is a personal recommendation or an invitation to buy or sell any security, and it does not consider your objectives or financial situation. Assessments are generated by rules applied uniformly to every covered stock — how our scores work.

Data as of 2026-09-04, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.