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    Industrial - Machinery
Nel ASA

Nel ASA

NEL.OL
Nel ASANO flagOslo Stock Exchange
2.39
NOK
+0.06
- -
4.39BMarket Cap
Nel ASA
NEL.OL
(Oslo Stock Exchange)

Recent

price

2.39

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
0.31
0.7
0.03
0.02
0.05
0.17
0.14
0.33
0.43
0.43
0.42
0.52
0.59
0.82
0.83
0.53
0.65
Revenue per Share
-11.97
-7.89
-9.29
-5.29
-0.02
-0.04
-0.08
-0.06
-0.18
-0.22
0.92
-1.14
-0.76
-0.52
-0.15
-0.7
-0.28
Basic EPS, GAAP
-10.85
-8.63
-8.58
-5.12
0.01
-0.07
-0.11
-0.22
-0.23
-0.26
-0.33
-0.48
-0.55
-0.75
-0.46
-0.22
-0.25
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.37
- -
- -
Dividend per Share
-8.11
-5.28
-5.09
-5.2
0.23
0.24
0.08
0.13
-0.08
-0.27
0.71
-0.47
-1.19
-1.61
-1.74
-2.29
-1.81
Book Value per Share
25.14
11.7
3.61
1.25
0.33
0.61
0.38
0.38
0.45
0.61
3.2
2.67
2.94
3.14
2.36
1.85
2.27
Tangible Book Value per Share
3
4
4
7
265
526
685
838
1,054
1,204
1,367
1,461
1,538
1,652
1,671
1,806
1,722
Basic Weighted Avg Shares
1
3
- -
- -
12
89
98
275
453
519
578
753
915
1,350
1,390
963
1,111
Sales/Revenue/Turnover
-3,890.31
-1,196.1
-32,733.68
-22,932.73
-108.34
-33.42
-72.47
-42.6
-43.26
-49.24
-55.81
-77.35
-110.16
-38.26
-35.25
-71.36
-64.17
Operating Margin (%)
1
1
1
1
4
16
10
36
64
76
163
103
171
224
216
1,090
265
Depreciation Expense
-42
-35
-41
-37
-7
-22
-56
-52
-189
-270
1,262
-1,667
-1,171
-855
-244
-1,265
-489
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-3,825.32
-1,122.83
-32,355.3
-23,341.79
-53.96
-24.54
-56.71
-19.07
-41.67
-51.96
218.19
-221.33
-128.02
-63.36
-17.58
-131.36
-44.03
Profit Margin (%)
93
57
15
8
105
332
234
370
437
698
4,163
3,439
3,786
4,049
2,406
2,222
2,414
Working Capital
5
2
- -
- -
8
15
45
30
37
110
107
137
193
222
216
190
205
LT Debt
90
53
16
9
196
731
671
1,409
1,579
1,847
5,468
5,039
5,450
6,198
4,977
3,933
4,888
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-22.95
-61.56
-66.12
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
44
44
43
LT Borrowings
- -
- -
- -
LT Finance Leases
216
214
205
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,671
1,838
1,838
Market Capitalization
4,512
4,016
4,322

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,408
3,502
3,362
Cash, Cash Equivalents & STI
1,859
2,059
1,928
Accounts Receivable, Net
701
214
203
Inventories
532
890
905
Total Current Liabilities
1,002
958
949
Payables & Accruals
- -
- -
- -
ST Debt
44
44
43
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30.02%
-5.33%
-20.98%
Free Cash Flow
38.11%
7.58%
-48.24%
Net Income, GAAP
-5.66%
11.5%
417.76%
Sales/Revenue/Turnover
35.28%
14.3%
-30.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
276
332
366
416
1,390
2025
155
174
330
- -
963
2026
148
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.03
-0.07
-0.04
-0.15
2025
-0.11
-0.07
-0.47
- -
-0.7
2026
-0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.37
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Nel ASA (NEL.OL) develops, manufactures, and markets hydrogen electrolyser technologies and hydrogen fueling solutions for the production, storage, distribution, and refueling of hydrogen. The company offers alkaline electrolysers under the Nel Hydrogen Electrolyser brand, including standardized modules such as the M series, H series, and A series for industrial-scale hydrogen production; proton exchange membrane (PEM) electrolysers; integrated hydrogen fueling stations; and related hydrogen storage and compression systems. Nel ASA serves customers in renewable energy, green ammonia production, mobility, and industrial sectors, with operations spanning Europe, North America, Asia-Pacific, and other regions; the company was founded in 1927 and is headquartered in Oslo, Norway. In recent developments, Nel ASA expanded its manufacturing capacity through the completion of a new electrolyser gigafactory in Herøya, Norway, in 2024, aimed at scaling up production to meet growing global demand for green hydrogen. The company secured significant contracts and partnerships, including a major supply agreement with a leading European energy firm for PEM electrolysers in 2025 and collaboration with Ørsted on hydrogen projects. Additionally, Nel ASA announced strategic investments in R&D for next-generation electrolyser efficiency and participated in funding rounds supporting hydrogen infrastructure expansions across Scandinavia and the United States.