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NRC Group

BATS-CHIXE:NRCO
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NRCO
BATS-CHIXE
NOK2B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • NRC Group has significant price volatility in the past 3 months.
NRCO Share Price and Events
7 Day Returns
2.2%
BATS-CHIXE:NRCO
5.4%
GB Construction
1.7%
GB Market
1 Year Returns
-48.1%
BATS-CHIXE:NRCO
-30.5%
GB Construction
-21.8%
GB Market
NRCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NRC Group (NRCO) 2.2% 16.5% -41.2% -48.1% -45.2% -
GB Construction 5.4% -14.8% -19.7% -30.5% -55.9% -54.8%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • NRCO underperformed the Construction industry which returned -30.5% over the past year.
  • NRCO underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
NRCO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is NRC Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NRC Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NRC Group.

BATS-CHIXE:NRCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:NRCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.863 (1 + (1- 23%) (77.88%))
1.255
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.255 * 5.44%)
7.36%

Discounted Cash Flow Calculation for BATS-CHIXE:NRCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NRC Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:NRCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 7.36%)
2020 328.00 Analyst x1 305.52
2021 292.00 Analyst x1 253.35
2022 254.00 Analyst x1 205.27
2023 231.62 Est @ -8.81% 174.36
2024 217.70 Est @ -6.01% 152.65
2025 208.89 Est @ -4.05% 136.44
2026 203.31 Est @ -2.67% 123.69
2027 199.83 Est @ -1.71% 113.24
2028 197.75 Est @ -1.04% 104.38
2029 196.62 Est @ -0.57% 96.67
Present value of next 10 years cash flows NOK1,665.00
BATS-CHIXE:NRCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK196.62 × (1 + 0.53%) ÷ (7.36% – 0.53%)
NOK2,895.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK2,895.05 ÷ (1 + 7.36%)10
NOK1,423.38
BATS-CHIXE:NRCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,665.00 + NOK1,423.38
NOK3,088.38
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK3,088.38 / 72.85
NOK42.4
BATS-CHIXE:NRCO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:NRCO represents 0.97936x of OB:NRC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97936x
Value per Share
(Listing Adjusted, NOK)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 42.40 x 0.97936
NOK41.52
Value per share (NOK) From above. NOK41.52
Current discount Discount to share price of NOK30.85
= -1 x (NOK30.85 - NOK41.52) / NOK41.52
25.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NRC Group is available for.
Intrinsic value
26%
Share price is NOK30.85 vs Future cash flow value of NOK41.52
Current Discount Checks
For NRC Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NRC Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NRC Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NRC Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NRC Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:NRCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK-2.85
OB:NRC Share Price ** OB (2020-04-08) in NOK NOK31.5
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.79x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NRC Group.

BATS-CHIXE:NRCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:NRC Share Price ÷ EPS (both in NOK)

= 31.5 ÷ -2.85

-11.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRC Group is loss making, we can't compare its value to the GB Construction industry average.
  • NRC Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does NRC Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:NRCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
45.7%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NRC Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NRC Group's assets?
Raw Data
BATS-CHIXE:NRCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK37.58
OB:NRC Share Price * OB (2020-04-08) in NOK NOK31.5
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:NRCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:NRC Share Price ÷ Book Value per Share (both in NOK)

= 31.5 ÷ 37.58

0.84x

* Primary Listing of NRC Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRC Group is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess NRC Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. NRC Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NRC Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
45.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NRC Group expected to grow at an attractive rate?
  • NRC Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • NRC Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • NRC Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:NRCO Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:NRCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 45.7%
BATS-CHIXE:NRCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.2%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:NRCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:NRCO Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 9,093 445 1
2023-12-31 8,342 359 1
2022-12-31 7,297 452 252 3
2021-12-31 6,830 423 206 4
2020-12-31 6,301 373 92 4
2020-04-08
BATS-CHIXE:NRCO Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 6,193 71 -153
2019-09-30 5,501 181 -118
2019-06-30 4,502 217 -134
2019-03-31 3,873 221 -95
2018-12-31 3,176 206 0
2018-09-30 2,880 126 140
2018-06-30 2,806 146 175
2018-03-31 2,560 123 155
2017-12-31 2,373 133 163
2017-09-30 2,251 39 104
2017-06-30 2,074 113 80
2017-03-31 1,996 104 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NRC Group's earnings are expected to grow significantly at over 20% yearly.
  • NRC Group's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:NRCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from NRC Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:NRCO Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 6.11 6.11 6.11 1.00
2023-12-31 4.93 4.93 4.93 1.00
2022-12-31 3.47 3.50 3.41 3.00
2021-12-31 3.19 5.59 1.90 4.00
2020-12-31 1.53 3.80 0.74 4.00
2020-04-08
BATS-CHIXE:NRCO Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 -2.85
2019-09-30 -2.29
2019-06-30 -2.77
2019-03-31 -2.10
2018-12-31 0.01
2018-09-30 3.36
2018-06-30 3.93
2018-03-31 3.70
2017-12-31 4.04
2017-09-30 2.67
2017-06-30 2.32
2017-03-31 1.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NRC Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NRC Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NRC Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NRC Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NRC Group's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NRC Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare NRC Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NRC Group's 1-year growth to the GB Construction industry average as it is not currently profitable.
Earnings and Revenue History
NRC Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NRC Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:NRCO Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,193.00 -153.00 633.00
2019-09-30 5,501.00 -118.00 342.00
2019-06-30 4,502.00 -134.00 342.00
2019-03-31 3,873.00 -95.00 342.00
2018-12-31 3,176.00 0.00 342.00
2018-09-30 2,880.00 140.00 238.00
2018-06-30 2,806.00 175.00 238.00
2018-03-31 2,560.00 155.00 238.00
2017-12-31 2,373.00 163.00 238.00
2017-09-30 2,250.70 104.00 129.00
2017-06-30 2,073.60 79.70 129.00
2017-03-31 1,996.20 68.10 129.00
2016-12-31 1,975.00 67.00 129.00
2016-09-30 1,693.12 59.31 33.00
2016-06-30 1,388.45 31.77 33.00
2016-03-31 978.88 48.76 33.00
2015-12-31 678.00 52.00 33.00
2015-09-30 461.67 32.76 28.59
2015-06-30 245.79 26.40 28.59
2015-03-31 223.02 4.69 28.59
2014-12-31 245.97 3.79 28.59
2014-09-30 225.51 -3.30 5.34
2014-06-30 227.45 -35.71 10.70
2014-03-31 225.11 -44.80 19.14
2013-12-31 219.70 -52.39 23.94
2013-09-30 196.14 -50.61 15.53
2013-06-30 201.37 -34.79 22.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if NRC Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if NRC Group has efficiently used its assets last year compared to the GB Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if NRC Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NRC Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NRC Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NRC Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NRC Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NRC Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NRC Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NRC Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NRC Group Company Filings, last reported 3 months ago.

BATS-CHIXE:NRCO Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,033.00 1,262.00 155.00
2019-09-30 2,046.00 1,652.00 81.00
2019-06-30 1,967.00 1,693.00 226.00
2019-03-31 1,934.00 1,753.00 439.00
2018-12-31 1,442.00 374.00 419.00
2018-09-30 1,442.00 635.00 189.00
2018-06-30 1,246.00 408.00 221.00
2018-03-31 1,300.00 410.00 305.00
2017-12-31 1,357.00 315.00 409.00
2017-09-30 1,232.40 433.00 308.20
2017-06-30 1,042.70 244.40 263.90
2017-03-31 1,009.20 195.80 328.20
2016-12-31 1,014.00 126.00 418.00
2016-09-30 741.11 237.68 169.68
2016-06-30 702.52 235.06 167.45
2016-03-31 707.94 238.20 223.14
2015-12-31 727.00 219.00 258.00
2015-09-30 347.64 271.68 127.54
2015-06-30 236.81 268.07 56.48
2015-03-31 57.56 2.45 35.70
2014-12-31 74.66 0.46 51.40
2014-09-30 67.71 0.38 29.56
2014-06-30 58.90 2.78 33.03
2014-03-31 50.28 3.36 49.85
2013-12-31 56.26 12.04 42.73
2013-09-30 -11.70 112.80 31.31
2013-06-30 13.34 125.80 39.37
  • NRC Group's level of debt (62.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.5% vs 62.1% today).
  • Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).
  • Unable to confirm if the interest payments on NRC Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess NRC Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NRC Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NRC Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NRC Group dividends. Estimated to be 4.21% next year.
If you bought NOK2,000 of NRC Group shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NRC Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NRC Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:NRCO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:NRCO Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 3.10 1.00
2023-12-31 2.50 1.00
2022-12-31 1.32 3.00
2021-12-31 1.45 4.00
2020-12-31 0.48 4.00
2020-04-08
BATS-CHIXE:NRCO Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-11-05 0.000 0.000
2019-08-20 0.000 0.000
2019-05-14 0.000 0.000
2019-04-11 0.000 0.000
2019-02-12 0.000 0.000
2018-03-19 1.750 2.647
2017-04-06 0.800 1.395

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NRC Group has not reported any payouts.
  • Unable to verify if NRC Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NRC Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NRC Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess NRC Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NRC Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NRC Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NRC Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Henning Olsen
AGE 41
TENURE AS CEO 0.9 years
CEO Bio

Mr. Henning Olsen is the Chief Executive Officer NRC Group ASA since May 2, 2019. Mr. Olsen comes from the position as executive vice president in AF Gruppen, where he has been responsible for the Building business area in Norway since 2016. His previous roles in AF Gruppen include head of AF Eiendom, financial director within AF Bygg Oslo and group controller. Before joining AF Gruppen in 2010, he has been employed at Statkraft and Boston Consulting Group. He holds a Master of Science degree in Business from BI Norwegian Business School (2003). Mr. Olsen has extensive experience from leading a project-oriented organisation, including project management, strategy and business development, and M&A.

CEO Compensation
  • Insufficient data for Henning to compare compensation growth.
  • Insufficient data for Henning to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the NRC Group management team in years:

3.1
Average Tenure
48.5
Average Age
  • The tenure for the NRC Group management team is about average.
Management Team

Dag Fladby

TITLE
Chief Financial Officer
COMPENSATION
NOK3M
AGE
51
TENURE
4.1 yrs

Hans Storkås

TITLE
Managing Director of Norway
COMPENSATION
NOK2M
AGE
53
TENURE
2.1 yrs

Henning Olsen

TITLE
Chief Executive Officer
AGE
41
TENURE
0.9 yrs

Egil Huseth

TITLE
Head of Administration

Alfred Beck

TITLE
Legal Counsel
COMPENSATION
NOK3M
AGE
46
TENURE
0.8 yrs

Minttu Vilander

TITLE
Executive Vice President of Communication & Branding

Mikko Salonen

TITLE
Managing Director of Blom Finland
TENURE
7.3 yrs

Paul Evans

TITLE
Managing Director of Blom UK

Ralf Schroth

TITLE
Managing Director of Blom Germany

Anders Gustafsson

TITLE
Managing Director of Svensk Järnvägsteknik AB
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the NRC Group board of directors in years:

4.3
Average Tenure
58
Average Age
  • The tenure for the NRC Group board of directors is about average.
Board of Directors

Helge Midttun

TITLE
Independent Chairman of the Board
AGE
64
TENURE
4.3 yrs

Brita Eilertsen

TITLE
Independent Director
AGE
57
TENURE
4.9 yrs

Harald Arnet

TITLE
Board Member
AGE
58
TENURE
4.7 yrs

Kjersti Kanne

TITLE
Independent Director
AGE
51
TENURE
4.6 yrs

Mats Williamson

TITLE
Independent Direcor
AGE
61
TENURE
1.8 yrs

Rolf Jansson

TITLE
Director
AGE
50
TENURE
1.3 yrs

Eva Nygren

TITLE
Independent Director
AGE
64
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by NRC Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
23. Mar 20 Buy Robert Röder Individual 23. Mar 20 23. Mar 20 7,000 NOK20.46 NOK143,220
06. Mar 20 Buy Harri Lukkarinen Individual 06. Mar 20 06. Mar 20 3,500 NOK27.70 NOK96,950
05. Mar 20 Buy Rolf Berge Individual 05. Mar 20 05. Mar 20 10,000 NOK27.83 NOK278,300
03. Mar 20 Buy Robert Röder Individual 03. Mar 20 03. Mar 20 13,000 NOK26.90 NOK349,700
16. Sep 19 Sell Datum AS Company 13. Sep 19 13. Sep 19 -2,800,000 NOK58.00 NOK-162,400,012
15. Nov 19 Buy Eva Nygren Individual 15. Nov 19 15. Nov 19 1,000 NOK48.40 NOK48,400
X
Management checks
We assess NRC Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NRC Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland. It provides rail, metro, tram, harbor, and road related infrastructure services, including groundwork, specialized track work, safety, electro, telecom, and signaling systems, as well as project management, construction, maintenance, environment services, concrete works, and fibers. The company was formerly known as Blom ASA and changed its name to NRC Group ASA in May 2015. NRC Group ASA was founded in 2011 and is headquartered in Lysaker, Norway.

Details
Name: NRC Group ASA
NRCO
Exchange: BATS-CHIXE
Founded: 2011
NOK2,294,649,315
72,846,010
Website: http://www.nrcgroup.com
Address: NRC Group ASA
Lysaker Torg 25,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NRC Ordinary Shares Oslo Bors NO NOK 17. Jun 1992
OTCPK NNRR.F Ordinary Shares Pink Sheets LLC US USD 17. Jun 1992
LSE 0DSJ Ordinary Shares London Stock Exchange GB NOK 17. Jun 1992
BATS-CHIXE NRCO Ordinary Shares BATS 'Chi-X Europe' GB NOK 17. Jun 1992
Number of employees
Current staff
Staff numbers
2,070
NRC Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:55
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/04/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.