Added to YB: 2024-03-11
Pitch date: 2024-03-10
NORBT.OL [bullish]
Norbit ASA
+214.84%
current return
Author Info
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Company Info
Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
Market Cap
NOK 11.6B
Pitch Price
NOK 62.89
Price Target
N/A
Dividend
1.65%
EV/EBITDA
20.26
P/E
30.69
EV/Sales
5.33
Sector
Electronic Equipment, Instruments and Components
Category
growth
Norbit ASA: Technology is part of the solution and leading to outstanding shareholder returns
NORBT.OL: Niche sensor tech co w/ 30% ROCE target. 3 segments: Oceans (47% EBITDA), Connectivity (41%), PIR (12%). 31% CAGR over 20+ yrs. Aligned mgmt owns 32%. 9% FCF yield, 16% est. 2027. Risks: competition, tech obsolescence, M&A execution. DCF fair value NOK 80.50-94.90 (16-29% upside).
Read full article (9 min)