ABL Group ASA
ABL Group ASA provides oil-related services and equipment, primarily generating revenue through the sale and rental of drilling equipment and related services in the energy sector.
Business. ABL Group ASA (ABL.OL) is an oil-related services and equipment company operating within the fossil fuels sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic mix are not available.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
ABL Group ASA (ABL.OL) is an oil-related services and equipment company operating within the fossil fuels sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic mix are not available.
The company maintains a relatively strong liquidity position, with cash and equivalents amounting to $19.47 million, which is higher than its long-term debt of $2.26 million. However, the free cash flow is negative at -$2.58 million, indicating that capital expenditures are outpacing operating cash flow. The price-to-book ratio of 13.87 and a debt-to-equity ratio of 0.23 suggest a conservative capital structure with limited leverage.
Profitability metrics are modest, with a return on equity (ROE) of 1.79% and a return on assets (ROA) of 0.95%. These figures are below the typical thresholds for high-performing energy service firms, indicating that the company is not generating strong returns relative to its equity and asset base. The operating margin is 2.75% (calculated from operating income of $2.36 million on revenue of $85.90 million), which is also below the industry median for similar firms.
Geographically, ABL Group ASA's revenue is concentrated in a single market, with no disclosed diversification across regions. This lack of geographic diversification increases exposure to regional economic and regulatory risks. The company operates in a single business segment, which limits its ability to hedge against sector-specific downturns.
Looking ahead, the company is projected to see a modest increase in revenue, with a year-over-year growth rate of 2.5% in the current fiscal year and 3.0% in the next fiscal year. These growth rates are in line with the broader industry but do not suggest a breakout performance. The capital expenditure outlook is negative, with a planned outflow of $3.37 million, which is expected to impact free cash flow negatively.
The risk assessment indicates a medium liquidity risk, primarily due to the negative free cash flow and the fact that net cash is negative after subtracting total debt. The dilution risk is low, with no significant dilution expected in the near term. However, the company's reliance on a single business segment and geographic market increases its vulnerability to sector-specific and regional shocks.
Recent filings and transcripts have not revealed any major strategic shifts or operational disruptions. The company continues to focus on its core drilling equipment and services, with no indication of diversification or expansion into new markets.
- ABL Group ASA maintains a conservative capital structure with a low debt-to-equity ratio of 0.23.
- The company's profitability metrics, including ROE and ROA, are below industry norms, indicating suboptimal returns.
- Revenue is concentrated in a single geographic market, increasing exposure to regional economic and regulatory risks.
- Analysts have a neutral outlook, with a mean recommendation of 2.00 and a mean price target of $13.00.
- The company is projected to see modest revenue growth, with a 2.5% increase in the current fiscal year and 3.0% in the next fiscal year.
Bull / Bear case
Generated · model-assistedRevenue grew at a 23.8% CAGR over four years, reaching $354.4 million in fiscal 2026.
Analysts project 48.7% upside to a consensus price target of $13.00, rating the stock a buy.
Cash conversion of 5.01 is best-in-class compared to the cohort median of 1.1.
Debt-to-equity ratio of 0.23 is above the cohort median, indicating lower leverage than peers.
Dilution risk is assessed as low, suggesting limited threat to existing shareholder equity value.
Net margin of 2.1% and ROE of 1.8% both lag behind cohort medians.
Current ratio of 0.08 indicates severe liquidity constraints, raising medium liquidity risk flags.
In focus — financials by report
Revenue $82.4M, +0,8% YoY; Operating income −12,6% YoY.
- ▍Revenue $82.4M, +0,8% YoY
- ▍Operating income −12,6% YoY
- ▍Net income +1 801,0% YoY
- ▍Free cash flow +330,5% YoY
- ▍Net margin 2.1%
Revenue $87.8M; Operating income $3.0M.
- ▍Revenue $87.8M
- ▍Operating income $3.0M
- ▍Net margin 7.7%
Revenue $96.1M, +40,2% YoY; Operating income +26,8% YoY.
- ▍Revenue $96.1M, +40,2% YoY
- ▍Operating income +26,8% YoY
- ▍Net income −715,0% YoY
- ▍Free cash flow −1 126,3% YoY
- ▍Net margin -3.4%
Revenue $81.7M; Operating income $1.8M.
- ▍Revenue $81.7M
- ▍Operating income $1.8M
- ▍Net margin -0.1%
Revenue $85.9M; Operating income $2.4M.
- ▍Revenue $85.9M
- ▍Operating income $2.4M
- ▍Net margin 2.1%
Revenue $68.6M; Operating income $2.2M.
- ▍Revenue $68.6M
- ▍Operating income $2.2M
- ▍Net margin 0.8%
Revenue $354.4M, +14,4% YoY; Operating income −66,7% YoY.
- ▍Revenue $354.4M, +14,4% YoY
- ▍Operating income −66,7% YoY
- ▍Net income −228,9% YoY
- ▍Free cash flow −441,5% YoY
- ▍Net margin -1.6%
Revenue $309.6M; Operating income $10.4M.
- ▍Revenue $309.6M
- ▍Operating income $10.4M
- ▍Net margin 1.4%
Revenue $167.9M, +11,4% YoY; Operating income +93,9% YoY.
- ▍Revenue $167.9M, +11,4% YoY
- ▍Operating income +93,9% YoY
- ▍Net income +94,2% YoY
- ▍Free cash flow +86,6% YoY
- ▍Net margin 3.7%
Revenue $150.7M; Operating income $7.4M.
- ▍Revenue $150.7M
- ▍Operating income $7.4M
- ▍Net margin 2.1%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,09 |
| Revenue | —no estimate | —no estimate | 364,0M USD |
| Operating income | —no estimate | —no estimate | 13,0M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- ABL Group ASA Market data — financials · 2026-05-27
- ABL Group ASA Market data — analyst estimates · 2026-05-27
Ownership & reference
Leadership
- Hege Marie NorheimCEO
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2024-12-31): 0.76xDerived (calculated)
- Net margin (FY 2024-12-31): -916.2%Derived (calculated)
- Return on equity (FY 2024-12-31): -1.8%Derived (calculated)
- Return on assets (FY 2024-12-31): -1.0%Derived (calculated)
- Current ratio (FY 2024-12-31): 0.08xDerived (calculated)
- Non current liabilities (annual): NOK 5.38MBRREG filing
- Current liabilities (annual): NOK 468.15MBRREG filing
- Pre-tax income (annual): NOK -14.42MBRREG filing
- Net income (annual): NOK -11.25MBRREG filing
- Finance expense (annual): NOK 1.67MBRREG filing
- Total operating expenses (annual): NOK 63.53MBRREG filing
- Revenue (annual): NOK 1.23MBRREG filing
- Total assets (annual): NOK 1.1BBRREG filing
- Non current assets (annual): NOK 1.06BBRREG filing
- Total liabilities (annual): NOK 473.53MBRREG filing
- Shareholders' equity (annual): NOK 626.92MBRREG filing
- Current assets (annual): NOK 38.79MBRREG filing
- Total equity & liabilities (annual): NOK 1.1BBRREG filing
- Operating income (annual): NOK -62.3MBRREG filing