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Norway
In shortPgs ASA is loss-making, generates cash and carries moderate debt, with revenue shrinking (−12.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 13.5% | 62/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -2.0% | 12/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -2.8% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.0% | 40/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.93× | 11/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.43× | 32/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.92× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.88× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.91 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 52.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 4 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 30.1% | 0/100 |
| Operating margin volatility | 25.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 15.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 473 | 698 | 825 | 721 |
| Cost of revenue | 150 | 227 | 325 | 286 |
| Gross profit | 323 | 471 | 500 | 435 |
| Research & development | 8.7 | 6.5 | 6.9 | 5.9 |
| Selling, general & admin | 39 | 36 | 39 | 42 |
| Operating income | (188) | (66) | 106 | 97 |
| Interest expense | 78 | 99 | 110 | 110 |
| Pre-tax income | (306) | (164) | (6.7) | (5.5) |
| Income tax | 15 | 16 | 26 | 9 |
| Net income | (322) | (179) | (33) | (15) |
| Diluted EPS | −$0.85 | −$0.45 | −$0.06 | −$0.02 |
−0.91 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023