Elkem ASA Financials
| ELK Stock | NOK 18.25 0.03 0.16% |
Elkem |
Understanding current and past Elkem ASA Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Elkem ASA's financial statements are interrelated, with each one affecting the others. For example, an increase in Elkem ASA's assets may result in an increase in income on the income statement.
Elkem ASA Stock Summary
Elkem ASA competes with Storebrand ASA, Yara International, Lery Seafood, DnB ASA, and Orkla ASA. Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people.| Foreign Associate | USA |
| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| ISIN | NO0010816093 |
| Business Address | Drammensveien 169, Oslo |
| Sector | Chemicals |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | www.elkem.com |
| Phone | (47) 22 45 01 55 |
| Currency | NOK - Kroner |
You should never invest in Elkem ASA without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Elkem Stock, because this is throwing your money away. Analyzing the key information contained in Elkem ASA's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Elkem ASA Key Financial Ratios
There are many critical financial ratios that Elkem ASA's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Elkem ASA reports annually and quarterly.| Return On Equity | 0.4 | |||
| Return On Asset | 0.15 | |||
| Target Price | 44.4 | |||
| Beta | 1.59 | |||
| Z Score | 1.2 |
Elkem Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Elkem ASA's current stock value. Our valuation model uses many indicators to compare Elkem ASA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elkem ASA competition to find correlations between indicators driving Elkem ASA's intrinsic value. More Info.Elkem ASA is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.39 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Elkem ASA is roughly 2.56 . 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 Elkem ASA's earnings, one of the primary drivers of an investment's value.Elkem ASA Systematic Risk
Elkem ASA's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Elkem ASA volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Elkem ASA correlated with the market. If Beta is less than 0 Elkem ASA generally moves in the opposite direction as compared to the market. If Elkem ASA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elkem ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elkem ASA is generally in the same direction as the market. If Beta > 1 Elkem ASA moves generally in the same direction as, but more than the movement of the benchmark.
Elkem ASA November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Elkem ASA help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Elkem ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elkem ASA based on widely used predictive technical indicators. In general, we focus on analyzing Elkem Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elkem ASA's daily price indicators and compare them against related drivers.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.38 |
Other Information on Investing in Elkem Stock
Elkem ASA financial ratios help investors to determine whether Elkem 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 Elkem with respect to the benefits of owning Elkem ASA security.