Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Byggma ASA is a Norwegian industrial company specializing in the manufacture and distribution of building materials across the Nordic region and select international markets. Founded in 1997 and headquartered in Vennesla, Norway, the group operates through distinct segments including panels, beams, windows, and lighting. Byggma ASA is known for its diverse portfolio of branded products serving both new construction and renovation demands; these include pre-painted ceilings and wall panels (Huntonit), I-beams for wood-based structures (Masonite), particle boards and structural panels (Forestia), MDF panels for interiors (Smartpanel), and a variety of doors, windows (Uldal), and lighting solutions (Aneta Lighting). The company mainly distributes its products through dealers and electrical wholesalers, focusing on markets such as Norway, Sweden, Denmark, Finland, and the United Kingdom. Byggma ASA plays a significant role in the regional construction supplies and fixtures sector, supporting residential and commercial building projects with materials renowned for quality and reliability.
€1.82
+€0.05 (+2.82%)
EOD Jul 2, 2026
Operating margin is thin at 4.07%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.4%, steady but not accelerating.
Net debt of NOK 1.27B represents 8.1x FCF, leverage limits flexibility.
10.9x earnings, 7.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 1.79B
▲ +8.4% YoY
Net Income (TTM)
NOK 132M
▲ +141.9% YoY
Op. Margin
-27.26%
▲ +0.3pp YoY
ROIC
3.82%
▲ +1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 207M
▲ +1074.5% YoY
Op. Cash Flow (TTM)
NOK 288M
▲ +526.6% YoY
Net Debt
NOK 1.27B
Cash & Equiv.
NOK 20M
3Y CAGR: -2.1%
3Y CAGR: -5.4%
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At a P/E of 10.9 and a price-to-free-cash-flow of 7.0, Byggma ASA (BMA.XOSL) trades below a two-stage DCF intrinsic value of about NOK 130.77 per share, so at NOK 1.82 the stock looks undervalued (7,085.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Byggma ASA scores 38/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 130.77 per share for BMA.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 98.08. At today's NOK 1.82, that puts the stock about 7,085.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Byggma ASA scores 38 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -27.3% operating margin and a 3.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. BMA.XOSL currently trades below its estimated intrinsic value and scores 38/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.