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.
HydrogenPro ASA is a Norwegian technology company specializing in the design and delivery of green hydrogen systems and high-pressure alkaline electrolyzers. Established in 2013 and headquartered in Porsgrunn, Norway, it focuses on producing scalable, powerful, and sustainable electrolyzers that operate efficiently with fluctuating renewable energy flows, without noble materials for low environmental impact. The company's core products support capacities exceeding 2200 Nm³/hour or 198 kg/h, enabling large-scale hydrogen production for applications including synthetic aviation fuel, refinery decarbonization, power-to-gas storage, grid balancing, steel production, fertilizer and ammonia manufacturing, and shipping. HydrogenPro ASA collaborates with global partners and suppliers, all ISO 9001 certified, and maintains a strong emphasis on research and development to advance cost-effective solutions. With operations spanning Norway, Europe, the United States, and Asia Pacific, including a manufacturing site in Tianjin, China, it plays a pivotal role in the global energy transition toward zero-emission hydrogen technologies.
NOK 0.79
NOK 0.02 (-2.00%)
EOD Jul 2, 2026
The business is unprofitable at the operating level (-247.91% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 55.7% YoY. Margins deteriorated 131.7pp alongside, both lines moving the wrong way.
ROIC dropped from -42.79% to -53.90%, capital efficiency is deteriorating. Negative free cash flow of -NOK 223M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 78M
▼ -55.7% YoY
Net Income (TTM)
-NOK 216M
▼ -19.7% YoY
Op. Margin
-251.35%
▼ -131.7pp YoY
ROIC
-53.90%
▼ -11.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-NOK 173M
▼ -374.0% YoY
Op. Cash Flow (TTM)
-NOK 159M
▼ -759.8% YoY
Net Debt
-NOK 86M
Net Cash Position
Cash & Equiv.
NOK 102M
3Y CAGR: +15.4%
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HydrogenPro ASA (HYPRO.XOSL)'s valuation is best read against its own history, its peers, and the growth its price implies. 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, HydrogenPro ASA scores 21/100 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 . This is analysis, not investment advice.
HydrogenPro ASA scores 21 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -251.3% operating margin and a -53.9% 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. you should weigh HYPRO.XOSL's valuation and scores 21/100 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.