1. Norway Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Elkem ASA

Elkem ASA

ELKEF
Elkem ASAUS flagOther OTC
3.40
USD
- -
- -
1.99BMarket Cap
Elkem ASA
ELKEF
(Other OTC)

Recent

price

3.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
31.06
35.62
34.84
36.25
42.83
38.16
41.21
53.37
70.85
33.19
28.01
26
19.59
Revenue per Share
-0.23
1.99
1.79
2.08
5.72
1.47
0.41
7.47
15.05
0.11
0.77
-1.05
-1.57
Basic EPS, GAAP
1.67
4.51
3.23
3.87
7.65
3.15
-0.4
2.66
8.03
-3.48
-2.15
-1.86
1.89
Free Cash Flow per Basic Share
- -
4.71
- -
0.25
- -
2.59
0.6
0.15
2.99
5.99
- -
0.3
- -
Dividend per Share
13.75
14.99
18.28
14.52
23.37
22.05
21.49
24.02
40.31
37.73
40.27
37.12
21.33
Book Value per Share
12
13.1
15.93
12.57
21.37
20.09
17.83
27.96
41.56
34.52
40.07
37.04
20.77
Tangible Book Value per Share
403
403
403
583
583
583
583
620
635
637
636
636
587
Basic Weighted Avg Shares
12,523
14,361
14,045
21,132
24,969
22,246
24,027
33,083
45,018
21,133
17,809
16,536
11,488
Sales/Revenue/Turnover
5.04
10.72
6.48
8.97
18.15
5.12
3.85
17.44
22.53
13.85
9.71
6.08
2.23
Operating Margin (%)
676
676
730
1,261
1,270
1,467
1,727
1,892
1,998
2,406
2,852
2,741
2,267
Depreciation Expense
-92
802
722
1,211
3,337
855
239
4,628
9,561
72
488
-668
-918
Net Income, GAAP
56.86
33.52
19.92
17.71
11.21
20.9
52.4
19.96
21.2
27.13
- -
27.9
27.35
Effective Tax Rate (%)
-0.73
5.58
5.14
5.73
13.36
3.84
0.99
13.99
21.24
0.34
2.74
-4.04
-7.99
Profit Margin (%)
-900
3,690
4,147
507
7,830
6,792
3,399
9,245
14,813
10,878
26,745
22,086
11,629
Working Capital
1,503
3,052
2,835
4,585
7,131
8,340
7,189
8,409
10,331
13,509
11,817
9,648
9,520
LT Debt
5,641
6,167
7,459
8,565
13,723
12,952
12,636
19,874
28,773
24,458
26,021
24,025
12,628
Total Equity
- -
9.55
7.16
10.25
17.88
3.69
1.84
15.96
20.83
5.05
- -
1.92
0.62
Return on Invested Capital (%)
- -
8.19
7.51
10.4
16.56
4.3
1.39
18.62
29.7
1.17
- -
-0.96
-2.38
Return on Capital (%)
- -
13.84
10.76
15.3
30.22
6.46
1.88
33.76
47.22
0.29
1.97
-2.71
-5.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,321
3,372
1,949
LT Borrowings
9,307
8,473
9,216
LT Finance Leases
342
324
303
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
636
636
363
Market Capitalization
16,670
19,095
19,742

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
34,899
35,039
17,399
Cash, Cash Equivalents & STI
2,694
2,894
4,876
Accounts Receivable, Net
1,569
1,999
2,187
Inventories
5,959
5,459
4,459
Total Current Liabilities
12,813
13,864
5,770
Payables & Accruals
- -
- -
- -
ST Debt
2,321
3,372
1,949
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.37%
17.16%
-7.67%
Free Cash Flow
-81.57%
-157.3%
-13.52%
Net Income, GAAP
227.15%
436.93%
-236.89%
Sales/Revenue/Turnover
6.13%
-0.43%
-7.15%
Total Cash Common Dividend
- -
- -
-95.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,578
4,779
4,154
4,299
17,809
2025
4,221
3,841
- -
3,937
16,536
2026
4,000
3,551
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.69
1.34
0.14
-0.03
0.77
2025
-0.33
-0.49
- -
-0.28
-1.05
2026
0.04
-1.75
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.3
- -
- -
0.3
2026
- -
- -
- -
- -
- -
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Business
Elkem ASA, founded in 1904 and headquartered in Oslo, Norway, specializes in the production of advanced silicon-based materials, silicones, silicon products, and carbon solutions for global industries including electronics, automotive, construction, renewable energy, chemicals, and metallurgy. The company operates through three main segments: Silicones, offering chlorosilanes, silicone oils, liquid silicone rubber, heat-cured rubber, RTV-1 and RTV-2 silicones, resins, compounds, grease, and emulsions; Silicon Products, providing silicon metal, silicon powder, micronized silicon, silica fume/microsilica, ferrosilicon, grain refiners, and specialties for advanced technical ceramics; and Carbon Solutions, supplying carbon electrodes, furnace tapping materials, electrode paste, ramming paste, prebaked electrodes, furnace lining materials, and related carbon-based products for ferroalloy, silicon, and aluminum production. Additional offerings include foundry alloys such as preconditioners, recarburizers, nodularizers, inoculants, and inserts; polymer additives; specialties for oilfield, refractories, and food industries; silicon carbide; boron carbide; ferrosilicon nitride; and fused silica. Elkem maintains over 30 production sites worldwide across Europe, Asia, the Americas, and other regions, serving diverse markets with a focus on sustainability through renewable energy and innovative materials science, supported by more than 1,200 patents; it functions as a subsidiary of Bluestar Elkem International Co., Ltd. S.A. In recent developments, Elkem initiated a strategic review of its Silicones division in January 2025 to streamline operations and redirect capital toward growth in Silicon Products and Carbon Solutions, entering an exclusive sales process in September 2025 with a major global chemicals industry player advised by ABG Sundal Collier ASA, targeting transaction closure in the first half of 2026 amid challenging market conditions.

Company News

APIChatGPT

  • seekingalpha.com

    Elkem ASA (ELKEF) Q2 2026 Earnings Call Transcript

  • globenewswire.com

    Statkraft and Elkem sign seven-year power agreement for Bjølvefossen plant in Norway

  • seekingalpha.com

    Elkem ASA (ELKEF) Q1 2026 Earnings Call Transcript

  • prnewswire.com

    Elkem: First quarter 2026 - Strategic transformation and strengthening financial resilience

  • seekingalpha.com

    Elkem ASA (ELKEF) Shareholder/Analyst Call Prepared Remarks Transcript

  • seekingalpha.com

    Elkem ASA (ELKEF) Q4 2025 Earnings Call Transcript

  • prnewswire.com

    Clarification regarding the conditional underwritten equity issue in Elkem

  • prnewswire.com

    Elkem ASA - Notice of extraordinary general meeting

  • seekingalpha.com

    Elkem ASA (ELKEF) Q3 2025 Earnings Call Transcript

  • prnewswire.com

    Elkem ASA - Elkem enters exclusive sales process for Silicones division

  • seekingalpha.com

    Elkem ASA (ELKEF) Q2 2025 Earnings Call Transcript

  • prnewswire.com

    Elkem ASA - Ex dividend NOK 0.30 today

  • seekingalpha.com

    Elkem ASA (ELKEF) Q1 2025 Earnings Call Transcript

  • prnewswire.com

    Elkem ASA - Minutes from the annual general meeting 2025

  • prnewswire.com

    Elkem ASA - Notice of annual general meeting 2025

  • seekingalpha.com

    Elkem ASA (ELKEF) Q4 2024 Earnings Call Transcript

  • prnewswire.com

    Elkem ASA - Key information relating to the proposed cash dividend

  • seekingalpha.com

    Elkem: Eventual Upside Seems Very Clear Beyond The Trough

  • seekingalpha.com

    Elkem ASA (ELKEF) Q3 2024 Earnings Call Transcript

  • seekingalpha.com

    Elkem ASA (ELKEF) Q2 2024 Earnings Call Transcript