Financials Norsk Hydro ASA

Equities

NHY

NO0005052605

Aluminum

Market Closed - Oslo Bors Other stock markets 18:45:00 18/07/2025 +04			5-day change	1st Jan Change
60.84 ^NOK	+0.46%		-0.78%	-2.72%

07-18	Biggest oil and gas sector deals since start of the century	RE
07-18	Biggest oil and gas sector deals since start of the century	RE

Projected Income Statement: Norsk Hydro ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	138,118	149,654	207,929	193,619	203,636	201,699	200,340	205,763
Change	-	8.35%	38.94%	-6.88%	5.17%	-0.95%	-0.67%	2.71%
EBITDA ¹	14,316	28,010	39,664	22,258	26,318	28,739	28,511	30,264
Change	-	95.66%	41.61%	-43.88%	18.24%	9.2%	-0.8%	6.15%
EBIT ¹	6,051	20,786	31,179	12,983	16,284	18,269	17,258	18,942
Change	-	243.51%	50%	-58.36%	25.43%	12.19%	-5.54%	9.76%
Interest Paid ¹	-4,723	510	1,649	-3,046	-7,625	-505.8	-1,771	-1,814
Earnings before Tax (EBT) ¹	4,509	18,397	32,365	6,546	8,862	19,141	17,578	18,545
Change	-	308.01%	75.93%	-79.77%	35.38%	115.99%	-8.16%	5.5%
Net income ¹	3,745	13,930	24,154	3,583	5,790	12,009	11,519	12,286
Change	-	271.96%	73.4%	-85.17%	61.6%	107.41%	-4.08%	6.65%
Announcement Date	12/02/21	22/02/22	14/02/23	13/02/24	13/02/25	-	-	-

¹NOK in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	30,931	33,169	35,894	38,847	34,559	36,710	46,433	46,616	64,793	52,445	44,075	48,534	53,630	44,702	46,754	47,545	50,944	50,089	55,057	57,094	51,419	45,807	45,712	52,280	49,589	49,144	47,459	58,376
Change	-	7.24%	8.22%	8.23%	-11.04%	6.22%	26.49%	0.39%	38.99%	-19.06%	-15.96%	10.12%	10.5%	-16.65%	4.59%	1.69%	7.15%	-1.68%	9.92%	3.7%	-9.94%	-10.91%	-0.21%	14.37%	-5.15%	-0.9%	-3.43%	23%
EBITDA ¹	3,050	3,387	3,476	5,182	6,598	7,219	9,011	11,165	11,594	9,721	7,184	7,525	7,098	3,899	3,736	5,411	5,839	7,367	7,701	9,516	7,284	5,905	5,985	7,725	6,795	7,293	7,097	8,799
Change	-	11.05%	2.63%	49.08%	27.33%	9.41%	24.82%	23.9%	3.84%	-16.15%	-26.1%	4.75%	-5.67%	-45.07%	-4.18%	44.83%	7.91%	26.17%	4.53%	23.57%	-23.46%	-18.94%	1.36%	29.07%	-12.05%	7.33%	-2.68%	23.97%
EBIT ¹	949	1,407	1,449	2,836	4,891	5,309	7,026	9,170	9,452	7,611	4,946	5,364	4,788	1,600	1,231	2,966	3,353	4,944	5,021	6,998	4,594	3,082	3,084	3,661	-	-	-	-
Change	-	48.26%	2.99%	95.72%	72.46%	8.55%	32.34%	30.52%	3.08%	-19.48%	-35.02%	8.45%	-10.74%	-66.58%	-23.06%	140.94%	13.05%	47.45%	1.56%	39.37%	-34.36%	-32.91%	0.08%	18.7%	-	-	-	-
Charge d'intérêts	532	-1,787	1,356	424	355	-913	644	2,193	-1,311	496	270	2,212	-953	378	-259	-1,919	-1,398	-1,862	-2,447	1,194	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-1,129	35	8,126	3,326	3,389	1,620	10,730	8,416	14,108	8,166	1,676	2,021	6,986	55	-2,516	1,148	2,160	1,626	3,928	9,210	4,239	3,360	3,121	4,899	4,015	4,506	4,399	5,740
Change	-	103.1%	23,117.14%	-59.07%	1.89%	-52.2%	562.35%	-21.57%	67.63%	-42.12%	-79.48%	20.58%	245.67%	-99.21%	-4,674.55%	145.63%	88.15%	-24.72%	141.57%	134.47%	-53.97%	-20.74%	-7.12%	57%	-18.06%	12.23%	-2.37%	30.5%
Net income ¹	-1,248	-222	7,025	1,441	2,397	1,127	8,525	6,411	11,136	6,676	287	1,265	5,056	-625	-2,536	428	1,421	1,409	1,782	5,861	2,844	1,972	2,002	3,020	2,535	2,806	2,770	3,652
Change	-	82.21%	3,264.41%	-79.49%	66.34%	-52.98%	656.43%	-24.8%	73.7%	-40.05%	-95.7%	340.77%	299.68%	-112.36%	-305.76%	116.88%	232.01%	-0.84%	26.47%	228.9%	-51.48%	-30.65%	1.5%	50.86%	-16.06%	10.71%	-1.28%	31.83%
Announcement Date	22/07/20	23/10/20	12/02/21	26/04/21	22/07/21	26/10/21	22/02/22	03/05/22	21/07/22	24/10/22	14/02/23	28/04/23	20/07/23	23/10/23	13/02/24	24/04/24	22/07/24	24/10/24	13/02/25	29/04/25	-	-	-	-	-	-	-	-

¹NOK in Million

Estimates

Forecast Balance Sheet: Norsk Hydro ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,830	-3,213	-1,310	8,830	15,976	14,103	14,653	10,508
Change	-	-141.03%	59.23%	774.05%	80.93%	-11.72%	3.9%	-28.29%
Announcement Date	12/02/21	22/02/22	14/02/23	13/02/24	13/02/25	-	-	-

¹NOK in Million

Estimates

Cash Flow Forecast: Norsk Hydro ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	6,287	6,020	9,604	13,638	13,555	14,322	14,487	14,225
Change	-	-4.25%	59.53%	42%	-0.61%	5.66%	1.15%	-1.81%
Free Cash Flow (FCF) ¹	7,228	4,660	19,789	8,582	1,801	9,227	7,091	9,477
Change	-	-35.53%	324.66%	-56.63%	-79.01%	412.34%	-23.16%	33.65%
Announcement Date	12/02/21	22/02/22	14/02/23	13/02/24	13/02/25	-	-	-

¹NOK in Million

Estimates

Forecast Financial Ratios: Norsk Hydro ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	10.37%	18.72%	19.08%	11.5%	12.92%	14.25%	14.23%	14.71%
EBIT Margin (%)	4.38%	13.89%	15%	6.71%	8%	9.06%	8.61%	9.21%
EBT Margin (%)	3.26%	12.29%	15.57%	3.38%	4.35%	9.49%	8.77%	9.01%
Net margin (%)	2.71%	9.31%	11.62%	1.85%	2.84%	5.95%	5.75%	5.97%
FCF margin (%)	5.23%	3.11%	9.52%	4.43%	0.88%	4.57%	3.54%	4.61%
FCF / Net Income (%)	193%	33.45%	81.93%	239.52%	31.11%	76.83%	61.55%	77.14%
Profitability
ROA	1.56%	8.2%	12.95%	1.77%	2.44%	5.23%	5.83%	5.17%
ROE	3.33%	17.54%	25.9%	3.53%	4.99%	10.9%	10.42%	10.82%
Financial Health
Leverage (Debt/EBITDA)	0.55x	-	-	0.4x	0.61x	0.49x	0.51x	0.35x
Debt / Free cash flow	1.08x	-	-	1.03x	8.87x	1.53x	2.07x	1.11x
Capital Intensity
CAPEX / Current Assets (%)	4.55%	4.02%	4.62%	7.04%	6.66%	7.1%	7.23%	6.91%
CAPEX / EBITDA (%)	43.92%	21.49%	24.21%	61.27%	51.5%	49.83%	50.81%	47%
CAPEX / FCF (%)	86.98%	129.18%	48.53%	158.91%	752.64%	155.21%	204.31%	150.1%
Items per share
Cash flow per share ¹	6.597	5.207	14.33	10.95	7.686	10.6	11.11	11.55
Change	-	-21.07%	175.24%	-23.6%	-29.82%	37.92%	4.8%	3.95%
Dividend per Share ¹	1.25	5.4	5.65	2.5	2.25	2.978	3.46	3.923
Change	-	332%	4.63%	-55.75%	-10%	32.37%	16.17%	13.39%
Book Value Per Share ¹	36.25	40.99	49.96	49.57	50.78	53.25	56.26	58.34
Change	-	13.07%	21.89%	-0.78%	2.45%	4.85%	5.65%	3.71%
EPS ¹	1.83	5.93	11.78	1.77	2.9	6.093	5.836	6.232
Change	-	224.04%	98.65%	-84.97%	63.84%	110.11%	-4.22%	6.78%
Nbr of stocks (in thousands)	2,049,125	2,051,476	2,044,467	2,012,141	1,978,589	1,978,489	1,978,489	1,978,489
Announcement Date	12/02/21	22/02/22	14/02/23	13/02/24	13/02/25	-	-	-