Norsk Stål AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 64 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 113 of 316 · What are Morning company classes?
Place in the whole sector: 1,617 of 4,248 · Industri
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 96 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Norsk Stål AS is 7 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 316 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.2% (median 6.1%) and equity ratio 74.7% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,751 MNOK | 1,140 MNOK |
| Operating margin | 1.2% | 6.1% |
| Profit margin | 1.2% | 6.4% |
| Return on assets | 3.4% | 11.5% |
| Equity ratio | 74.7% | 33.3% |
| Debt-to-equity | 0.34 | 1.94 |
| Current ratio | 3.50 | 1.31 |
| Revenue growth | −23.3% | 7.2% |
| Revenue per employee | 7.48 MNOK | 6.03 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 56, Norsk Stål AS does better than 64% of companies in the Morning class Large in the same sector (316 companies) in 2025.
Score 2023–2025
- Norsk Stål AS
- Median: companies in the Morning class Large in the same sector
Norsk Stål AS has a score of 56 for 2025, rank 1,617 of 4,248 in the sector.
Strongest: Solidity: percentile 96 against peers, equity ratio 74.7% against a median of 33.3%. Liquidity: percentile 95 against peers, current ratio 3.50 against a median of 1.31.
Weakest: Growth: percentile 3 against peers, revenue growth −23.3% against a median of 7.2%. Profitability: percentile 20 against peers, operating margin 1.2% against a median of 6.1%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 1.2% (median 6.1%).
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, 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
Norsk Stål AS had an operating margin of 1.2% and an equity ratio of 74.7% in 2025, and ranks 1,617 of 4,248 in Industri.
From 2024 to 2025: revenue fell by 23% and the equity ratio rose from 66.7% to 74.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 385 MNOK and 1,120 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 385 MNOK |
| EV/EBIT | 18.6 | 420 MNOK |
| P/B | 3.0 | 1,120 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 39% for an unlisted company: 20% for lack of marketability and 24% for size (a small-company premium of 2% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 1.2% (median 6.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 20 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | 3 | weight 15% |
| Consistency | 77 | weight 15% |
Durability: 61 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norsk Stål AS?
The operating margin was 1.2% in 2025, against a median of 6.1% among companies in the Morning class Large in the same sector. Return on assets was 3.4%.
How solid is Norsk Stål AS?
The equity ratio was 74.7% in 2025 (median 33.3%). Debt-to-equity was 0.34 (median 1.94).
What is the liquidity of Norsk Stål AS like?
The current ratio was 3.50 in 2025 (median 1.31).
How does Norsk Stål AS compare in Industri?
Norsk Stål AS ranks 1,617 of 4,248 in Industri for 2025. Among companies in the Morning class Large it is number 113 of 316. Revenue changed by −23.3% 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.
- 959493715
- Legal form
- AS · part of a group
- Sector
- Industri (25.530)
- Morning company class
- Large
- Employees
- 234 registered 10 October 2026
- Founded
- 5 December 1990 35 years in operation
- Share capital
- 63.50 MNOK
- Business address
- Birkedalsveien 65, 4640 SØGNE (KRISTIANSAND)
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300NUXI5POOWXC387 renews 2 June 2027
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.
- Parent company
- Leif Hübert AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Leif Hübert AS (100%)
Ultimate owner: Leif Hübert AS
- Leif Hübert AS · 100.0%
Change 2007–2025:
75% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Leif Hübert AS
Departed (companies): Tata Steel PLC
Holds shares in: Stål-Consult AS (50%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 65 | 60 | 56 | |
| Rank | 1,088 | 1,258 | 1,617 | |
| Operating margin | 0.6% | 3.2% | 1.2% | |
| Return on assets | 1.7% | 8.3% | 3.4% | |
| Equity ratio | 67.6% | 66.7% | 74.7% | |
| Current ratio | 2.81 | 2.74 | 3.50 | |
| Revenue growth | – | −3.7% | −23.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,370.2 MNOK | 2,282.2 MNOK | 1,750.6 MNOK |
| Operating profit | 14.4 MNOK | 73.8 MNOK | 21.6 MNOK |
| Profit before tax | 13.2 MNOK | 74.3 MNOK | 21.6 MNOK |
| Tax expense | 2.9 MNOK | 16.2 MNOK | 4.7 MNOK |
| Net profit | 10.3 MNOK | 58.1 MNOK | 17.0 MNOK |
| Financial expenses | 2.4 MNOK | 1.0 MNOK | 6.4 MNOK |
| Total assets | 936.4 MNOK | 908.2 MNOK | 819.9 MNOK |
| Current assets | 833.3 MNOK | 809.3 MNOK | 703.9 MNOK |
| Equity | 632.7 MNOK | 605.8 MNOK | 612.7 MNOK |
| Retained earnings | 552.1 MNOK | 525.1 MNOK | 532.1 MNOK |
| Total liabilities | 303.7 MNOK | 302.5 MNOK | 207.2 MNOK |
| Current liabilities | 296.6 MNOK | 295.7 MNOK | 201.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6953246.
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