Hafjell AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 34 of 80 · What are Morning company classes?
Place in the whole sector: 390 of 963 · Kultur og fritid
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and solidity 49 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Hafjell AS is 3 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 52 among 80 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 22.8% (median 4.0%) and equity ratio 34.2% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 203 MNOK | 99 MNOK |
| Operating margin | 22.8% | 4.0% |
| Profit margin | 17.7% | 4.4% |
| Return on assets | 10.8% | 8.2% |
| Equity ratio | 34.2% | 33.8% |
| Debt-to-equity | 1.93 | 1.90 |
| Current ratio | 0.26 | 1.08 |
| Revenue growth | 302.4% | 5.0% |
| Revenue per employee | 5.63 MNOK | 1.42 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, Hafjell AS does better than 58% of companies in the Morning class Medium in the same sector (80 companies) in 2025.
Score 2023–2025
- Hafjell AS
- Median: companies in the Morning class Medium in the same sector
Hafjell AS has a score of 55 for 2025, rank 390 of 963 in the sector.
Strongest: Growth: percentile 97 against peers, revenue growth 302.4% against a median of 5.0%. Profitability: percentile 75 against peers, operating margin 22.8% against a median of 4.0%.
Weakest: Liquidity: percentile 4 against peers, current ratio 0.26 against a median of 1.08. Consistency: percentile 33 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 3.9 times current assets. Based on: current ratio 0.26 (median 1.08).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 302.4% (median 5.0%); current ratio 0.26 (median 1.08).
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Hafjell AS had an operating margin of 22.8% and an equity ratio of 34.2% in 2025, and ranks 390 of 963 in Kultur og fritid.
From 2024 to 2025: the operating margin rose from −58.4% to 22.8% and revenue grew by 302%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 149 MNOK and 278 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 278 MNOK |
| EV/EBIT | 8.0 | 215 MNOK |
| P/B | 1.0 | 149 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 3.9 times current assets.
Based on: Current ratio 0.26 (median 1.08).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 302.4% (median 5.0%); Current ratio 0.26 (median 1.08).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.9% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 75 | weight 30% |
|---|---|---|
| Solidity | 49 | weight 25% |
| Liquidity | 4 | weight 15% |
| Growth | 97 | weight 15% |
| Consistency | 33 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Hafjell AS?
The operating margin was 22.8% in 2025, against a median of 4.0% among companies in the Morning class Medium in the same sector. Return on assets was 10.8%.
How solid is Hafjell AS?
The equity ratio was 34.2% in 2025 (median 33.8%). Debt-to-equity was 1.93 (median 1.90).
What is the liquidity of Hafjell AS like?
The current ratio was 0.26 in 2025 (median 1.08). Current assets did not cover current liabilities.
How does Hafjell AS compare in Kultur og fritid?
Hafjell AS ranks 390 of 963 in Kultur og fritid for 2025. Among companies in the Morning class Medium it is number 34 of 80. Revenue changed by 302.4% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 950254823
- Legal form
- AS · part of a group
- Sector
- Kultur og fritid (93.110)
- Morning company class
- Medium
- Employees
- 36 registered 10 October 2026
- Founded
- 19 September 1988 38 years in operation
- Share capital
- 14.48 MNOK
- Business address
- Hundervegen 122, 2636 ØYER
- Municipality
- Øyer rank 9–14 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- Website
- hafjell.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 23 | 55 | |
| Rank | 198 | 872 | 390 | |
| Operating margin | 38.1% | −58.4% | 22.8% | |
| Return on assets | 18.3% | −6.3% | 10.8% | |
| Equity ratio | 40.2% | 35.4% | 34.2% | |
| Current ratio | 0.58 | 0.31 | 0.26 | |
| Revenue growth | – | −72.1% | 302.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 180.8 MNOK | 50.4 MNOK | 202.8 MNOK |
| Operating profit | 69.0 MNOK | −29.5 MNOK | 46.2 MNOK |
| Profit before tax | 61.9 MNOK | −38.7 MNOK | 36.0 MNOK |
| Net profit | 48.4 MNOK | −29.9 MNOK | 27.8 MNOK |
| Financial expenses | 8.2 MNOK | 9.6 MNOK | 11.3 MNOK |
| Total assets | 384.1 MNOK | 458.1 MNOK | 436.4 MNOK |
| Current assets | 72.4 MNOK | 41.2 MNOK | 33.8 MNOK |
| Equity | 154.4 MNOK | 162.3 MNOK | 149.2 MNOK |
| Retained earnings | 139.9 MNOK | 138.2 MNOK | 125.0 MNOK |
| Total liabilities | 229.8 MNOK | 295.8 MNOK | 287.2 MNOK |
| Current liabilities | 125.2 MNOK | 132.0 MNOK | 131.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 6746280.
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