Nel Financial Statements From 2010 to 2024
| NEL Stock | NOK 3.03 0.11 3.77% |
Check Nel ASA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nel ASA's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nel financial statements analysis is a perfect complement when working with Nel ASA Valuation or Volatility modules.
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Nel ASA Company Return On Equity Analysis
Nel ASA's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nel ASA Return On Equity | -0.12 |
Most of Nel ASA's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nel ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Nel ASA has a Return On Equity of -0.125. This is 128.41% lower than that of the Construction & Engineering sector and 95.63% lower than that of the Industrials industry. The return on equity for all Norway stocks is 59.68% lower than that of the firm.
Nel ASA Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nel ASA's current stock value. Our valuation model uses many indicators to compare Nel ASA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nel ASA competition to find correlations between indicators driving Nel ASA's intrinsic value. More Info.Nel ASA is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nel ASA's earnings, one of the primary drivers of an investment's value.About Nel ASA Financial Statements
Nel ASA investors utilize fundamental indicators, such as revenue or net income, to predict how Nel Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy worldwide. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA operates under Healthcare Services classification in Norway and is traded on Oslo Stock Exchange. It employs 251 people.
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Nel ASA financial ratios help investors to determine whether Nel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nel with respect to the benefits of owning Nel ASA security.