Nel ASA

Nel ASA

NLLSY
Nel ASAUS flagOther OTC
7.67
USD
- -
- -
469.93MMarket Cap
Nel ASA
NLLSY
(Other OTC)

Recent

price

7.67

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
9.39
21.09
0.86
0.68
1.37
5.05
4.31
9.85
12.9
12.93
12.7
15.47
17.84
24.51
24.95
16
19.35
Revenue per Share
-359.22
-236.75
-278.63
-158.58
-0.74
-1.24
-2.44
-1.88
-5.37
-6.72
27.7
-34.23
-22.84
-15.53
-4.39
-21.02
-8.52
Basic EPS, GAAP
-325.62
-259.02
-257.42
-153.65
0.37
-2.19
-3.45
-6.62
-6.76
-7.94
-9.84
-14.54
-16.6
-22.58
-13.8
-6.61
-7.54
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
11.23
- -
- -
Dividend per Share
-243.16
-158.37
-152.7
-155.97
6.93
7.31
2.33
3.77
-2.47
-8.24
21.41
-13.95
-35.7
-48.38
-52.2
-68.77
-54.27
Book Value per Share
754.15
350.89
108.3
37.55
9.84
18.25
11.35
11.44
13.63
18.15
96.08
79.98
88.06
94.13
70.87
55.63
68.18
Tangible Book Value per Share
- -
- -
- -
- -
9
18
23
28
35
40
46
49
51
55
56
60
57
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
4,288
4,304
4,175

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
153
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.4
-0.78
-2.07
-1.15
-4.39
2025
-3.15
-2.13
-14.21
- -
-21.02
2026
-2.35
-3.08
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
11.23
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Nel ASA, headquartered in Oslo, Norway and founded in 1927, develops and supplies hydrogen technology solutions including alkaline and proton exchange membrane (PEM) electrolysers for green hydrogen production, hydrogen fueling stations under the H2Station brand for fuel cell electric vehicles, and related hydrogen storage and distribution equipment; the company operates manufacturing facilities in Heroya, Norway for alkaline electrolysers with 1 GW annual capacity, Wallingford, USA for PEM electrolysers, and Herning, Denmark for fueling stations, serving industries such as refining, steel, ammonia, fertilizer, cement, transportation, maritime, and energy sectors across more than 80 countries including North America, Europe, Asia, Africa, South America, and Oceania. Nel's Nel Hydrogen Electrolyser division provides atmospheric and pressurized alkaline electrolysers as well as PEM stacks and systems for large-scale renewable hydrogen projects; its Nel Hydrogen Fueling division delivers standardized and modular hydrogen refueling infrastructure supporting fast fueling for cars, buses, trucks, and heavy-duty applications equivalent to conventional vehicles. In March 2025, Nel signed an EPC collaboration agreement with SAMSUNG E&A enabling integrated hydrogen plant offerings using Nel's electrolysers, accompanied by a NOK 353 million private placement granting SAMSUNG E&A a 9.1% stake as the largest shareholder; the company also received a EUR 135 million European Innovation Fund grant in October 2024 for next-generation pressurized alkaline electrolyser industrialization at Heroya, secured a PEM purchase order exceeding USD 50 million from the HyFuel and Kaupanes projects, and fulfilled orders including US Navy oxygen generation stacks and electrolysers for Glencore and GreenH's 20 MW projects in Norway. Previously known as DiaGenic ASA until its rebranding in October 2014, Nel traces roots to Norsk Hydro's hydrogen activities and spun out its fueling division as Cavendish Hydrogen in recent years to focus on pure-play electrolyser leadership.

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