1. Norway Stocks

  2. •

    Industrials

  3. •

    Conglomerates
Arendals Fossekompani ASA

Arendals Fossekompani ASA

AFK.OL
Arendals Fossekompani ASANO flagOslo Stock Exchange
175.00
NOK
-3.00
- -
9.62BMarket Cap
Arendals Fossekompani ASA
AFK.OL
(Oslo Stock Exchange)

Recent

price

175.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
27.19
39.63
47.98
82.34
89.94
108.5
71.85
80.09
89.03
81.23
56.54
76.45
83.29
70.83
78.66
67.39
65.62
Revenue per Share
4.66
3.77
5.81
0.85
2.93
7.06
6.99
44.12
2.05
0.82
1.13
1.94
0.1
0.59
40.76
-1.02
10
Basic EPS, GAAP
2.22
0.66
5.41
8.18
6.7
12.39
5.32
7.35
4.58
5.61
-1.24
11.01
1.18
-19.09
1.82
-1.02
1.13
Free Cash Flow per Basic Share
2.01
3.38
2.32
3.48
14.8
4.16
3.05
22.77
0.23
2.55
4.28
32.75
4.2
4.58
4.55
2.46
0.93
Dividend per Share
20.8
20.13
23.35
21.32
11.03
15.34
17.76
42.24
38.65
42.71
52.94
63.1
58.45
55.23
93.23
89.83
86.87
Book Value per Share
40.59
34.47
36.18
33.8
23.94
34.53
43.12
65.54
44.11
46.52
52.7
51.32
36.96
23.02
80.27
78.15
76.47
Tangible Book Value per Share
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
56
Basic Weighted Avg Shares
1,504
2,193
2,655
4,547
4,966
5,991
3,949
4,383
4,872
4,450
3,102
4,196
4,569
3,884
4,319
3,704
3,660
Sales/Revenue/Turnover
10.59
8.35
5.24
4.6
5.91
6.95
4.46
5.96
5.61
5.26
5.3
10.3
10.17
11.68
8.52
4.7
6.94
Operating Margin (%)
91
133
213
362
247
252
208
223
240
280
240
236
288
320
858
374
363
Depreciation Expense
258
209
322
47
162
390
384
2,415
112
45
62
107
6
33
2,238
-56
558
Net Income, GAAP
30.21
20.56
16.47
34.96
28.12
23.82
19.83
47.13
49.03
62.23
33.88
70.76
107.64
86.55
118.94
170.73
29.5
Effective Tax Rate (%)
17.16
9.52
12.12
1.03
3.26
6.51
9.73
55.09
2.31
1.01
2
2.54
0.13
0.84
51.82
-1.51
15.25
Profit Margin (%)
2,673
2,559
2,938
2,987
2,160
2,326
3,306
4,411
1,982
2,019
2,166
2,393
1,683
2,062
1,891
1,323
1,131
Working Capital
1,610
296
2,024
2,082
1,762
1,556
1,747
2,027
677
822
601
808
1,054
2,470
1,505
1,247
1,006
LT Debt
2,813
2,484
2,949
2,968
2,487
3,139
3,181
4,386
3,172
3,319
3,856
3,909
3,784
3,639
5,414
5,180
5,092
Total Equity
2.66
3.89
2.87
2.59
4.1
5.89
2.49
2.23
2.54
2
2.22
2.44
-0.66
0.98
-0.97
-1.69
2.51
Return on Invested Capital (%)
11.15
10.39
13.6
1.61
4.3
9.72
9.24
55.24
2.81
1.83
1.22
2.15
0.78
1.78
31.57
-1.98
9.73
Return on Capital (%)
24.32
18.43
26.75
3.78
18.13
53.56
42.14
146.89
5.08
2.01
2.36
3.35
0.17
1.05
54.94
-1.11
11.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
387
460
681
LT Borrowings
1,252
1,085
857
LT Finance Leases
184
162
149
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
55
Market Capitalization
7,349
7,472
8,924

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,271
3,162
3,165
Cash, Cash Equivalents & STI
1,602
1,519
1,672
Accounts Receivable, Net
808
852
780
Inventories
731
656
639
Total Current Liabilities
1,647
1,839
2,034
Payables & Accruals
- -
- -
- -
ST Debt
387
460
681
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.12%
7.77%
-4.32%
Free Cash Flow
-320.81%
-610.23%
-156%
Net Income, GAAP
751.96%
1,421.95%
-102.5%
Sales/Revenue/Turnover
-2.48%
5.22%
-14.24%
Total Cash Common Dividend
215.02%
108.37%
-46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,024
1,246
911
1,139
4,319
2025
965
891
853
995
3,704
2026
921
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
-8.53
0.02
55.41
40.76
2025
0.13
0.76
13.33
-4.85
-1.02
2026
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.02
1.04
1.02
4.55
2025
1.54
0.89
-0.02
-0.02
2.46
2026
- -
- -
- -
- -
- -
Similar Companies
thyssenkrupp AG (TYEKF)
Global Tech Industries Group, Inc. (GTII)
Eastern Media International Corporation (2614.TW)
Jaiprakash Associates Limited (JPASSOCIAT.BO)
PT Bintang Mitra Semestaraya Tbk (BMSR.JK)
NN, Inc. (NNBR)
Business
Arendals Fossekompani ASA is a long-term industrial investment company that actively owns and develops portfolio companies in energy transition and next-generation technologies, including hydropower, satellite communications, induction technology, industrial 3D printing, vertical software and analytics, and property. Founded in 1896 and headquartered in Arendal, Norway, the company, listed on the Oslo Stock Exchange since 1913 (ticker: AFK.OL), operates globally across 24 countries with over 2,600 employees through its subsidiaries and investments targeting Nordic growth-stage businesses with international potential aligned to EU Taxonomy environmental goals. Its core portfolio encompasses AFK Vannkraft, which owns and operates hydropower plants such as Bøylefoss and Flatenfoss with ongoing development of Kilandsfoss; NSSLGlobal, providing voice, data, IT support, airtime, projects, hardware, and services to maritime, military, and governmental sectors; ENRX, specializing in induction heating technology for automotive, electrotechnical, wind power, appliances, HVAC, and tube & pipe manufacturing; Tekna, offering industrial 3D printing and advanced materials solutions; Alytic, delivering B2B analytics software via brands like Utel, Kontali, and Factlines; AFK Eiendom, managing property development including the Bryggebyen project and contracts for facilities like Kitron's production site; and a 40% stake in Volue, which supplies software, insights, and services for energy production, trading, distribution, and consumption. Recent developments include the 2024 delisting of Volue in partnership with Advent International and Generation Investment Management at NOK 42 per share, yielding NOK 1 billion in net cash proceeds to support growth; the sale of renewable development firm Vergia to Swiss Life Asset Managers and cessation of investment in battery company Commeo to optimize and de-risk the portfolio; Volue's acquisition of PowerBot GmbH for algorithmic trading software; ENRX's expansion with a new factory in Zhuhai, China, marking its fourth site there; and strong 2024 performances with record results at NSSLGlobal and ENRX alongside revenue growth at Alytic and AFK Eiendom.