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.
Norbit ASA is a Norway-based global technology company specializing in tailored, high-tech solutions for selected niche markets through sustainable innovation. Founded in 1995 in Trondheim, it operates across three core segments: Oceans, Connectivity, and Product Innovation & Realization (PIR). The Oceans segment delivers advanced sonar systems, underwater mapping tools, and surveillance technologies for maritime applications, including seabed mapping, offshore wind support, dredging, and defense security. Connectivity provides secure wireless communication solutions, such as Dedicated Short-Range Communication devices and GNSS-enabled units for satellite-based tolling, fleet management, and EU-compliant electronic toll services. PIR offers R&D services, product development, and contract manufacturing of high-reliability electronics for industries like automotive, defense, medical, and subsea, utilizing robotized production facilities. With approximately 650 employees from over 40 nationalities, Norbit ASA maintains operations in Norway, Hungary, the USA, and exports to more than 60 countries. Its vertically integrated model, combining in-house R&D, precision manufacturing, and strategic acquisitions, fosters synergies, resilience, and growth in maritime security, transport digitalization, and industrial technology sectors.
NOK 15.26
+NOK 0.34 (+2.28%)
EOD Jul 1, 2026
Margins and capital returns are both well above average: 22.19% operating margin, ROIC at 23.51%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 42.9% YoY with margins expanding 2.5pp.
Even for strong businesses, today's 2x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
2.3x earnings, 2.4x 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 2.71B
▲ +42.9% YoY
Net Income (TTM)
NOK 426M
▲ +66.2% YoY
Op. Margin
21.53%
▲ +2.5pp YoY
ROIC
23.51%
▲ +4.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 402M
▲ +4.8% YoY
Op. Cash Flow (TTM)
NOK 527M
▲ +21.9% YoY
Net Debt
NOK 573M
Cash & Equiv.
NOK 145M
3Y CAGR: +28.9%
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At a P/E of 2.3 and a price-to-free-cash-flow of 2.4, Norbit ASA (NORBT.XOSL) trades below a two-stage DCF intrinsic value of about NOK 287.87 per share, so at NOK 15.26 the stock looks undervalued (1,786.5% 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, Norbit ASA scores 84/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 39.0%; see dividend safety for coverage and history. 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 287.87 per share for NORBT.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 215.90. At today's NOK 15.26, that puts the stock about 1,786.5% 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.
Norbit ASA scores 84 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 21.5% operating margin and a 23.5% 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.
Yes, Norbit ASA pays a regular dividend of about NOK 5.96 per share per year (typically in quarterly installments), a yield of roughly 39.0% at the current price. That is a payout ratio of about 89.8% of earnings, so the dividend is stretched at this level. Norbit ASA has grown the dividend at roughly 117.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NORBT.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. NORBT.XOSL currently trades below its estimated intrinsic value and scores 84/100 on quality (high-quality). It also yields about 39.0%. 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.