Nel ASA Financials
| NEL Stock | NOK 3.12 0.16 5.41% |
Nel |
Understanding current and past Nel ASA Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nel ASA's financial statements are interrelated, with each one affecting the others. For example, an increase in Nel ASA's assets may result in an increase in income on the income statement.
Nel ASA Stock Summary
Nel ASA competes with Eidesvik Offshore, Kitron ASA, Havila Shipping, Elkem ASA, and Vow ASA. 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.| Foreign Associate | USA |
| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| ISIN | NO0010081235 |
| Business Address | Karenslyst all 49, |
| Sector | Construction & Engineering |
| Industry | Industrials |
| Benchmark | Dow Jones Industrial |
| Website | nelhydrogen.com |
| Phone | 47 23 24 89 50 |
| Currency | NOK - Kroner |
You should never invest in Nel ASA without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nel Stock, because this is throwing your money away. Analyzing the key information contained in Nel ASA's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nel ASA Key Financial Ratios
There are many critical financial ratios that Nel ASA's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nel ASA reports annually and quarterly.| Return On Equity | -0.12 | |||
| Return On Asset | -0.0822 | |||
| Target Price | 14.92 | |||
| Number Of Employees | 576 | |||
| Beta | 1.09 |
Nel Financial Ratios 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 considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock 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.Nel ASA Systematic Risk
Nel ASA's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nel 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 Nel ASA correlated with the market. If Beta is less than 0 Nel ASA generally moves in the opposite direction as compared to the market. If Nel ASA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nel ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nel ASA is generally in the same direction as the market. If Beta > 1 Nel ASA moves generally in the same direction as, but more than the movement of the benchmark.
Nel ASA November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nel ASA help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nel ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nel ASA based on widely used predictive technical indicators. In general, we focus on analyzing Nel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nel ASA's daily price indicators and compare them against related drivers.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 18.69 | |||
| Value At Risk | (7.24) | |||
| Potential Upside | 5.6 |
Other Information on Investing in Nel Stock
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.