Nel ASA

Nel ASA's capital structure is characterized by a low debt-to-equity ratio of 0.06, indicating a conservative leverage position. The company's liquidity position is assessed as low, with a cash and equivalents balance of 1,610,467,000 NOK, which is a significant portion of its total assets of 4,956,832,000 NOK. The company's price-to-book ratio of 1.15 suggests that the market value is slightly above the book value, while the price-to-tangible-book ratio is the same, indicating no significant intangible assets [doc:HA-latest]. Profitability metrics for Nel ASA are negative, with a return on equity of -0.3217 and a return on assets of -0.2552, both significantly below the industry norms for renewable energy equipment and services. The company reported a net loss of 1,265,117,000 NOK, with an operating loss of 1,364,667,000 NOK, indicating challenges in achieving profitability despite a gross profit of 562,488,000 NOK [doc:HA-latest]. Nel ASA's business is divided into two segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment focuses on hydrogen fueling stations for Fuel Cell Electric Vehicles, with a manufacturing plant in Herning, Denmark. The Nel Hydrogen Electrolyser segment is a global supplier of hydrogen production equipment, with production facilities in Heroya, Norway, and Wallingford, USA. The company's geographic exposure is primarily in Europe and North America, with no significant revenue concentration in any single region [doc:HA-latest]. The company's growth trajectory is mixed, with a revenue of 963,114,000 NOK in the latest period. Analysts have provided a mean price target of 2.41 NOK, with a median of 2.20 NOK, suggesting a slightly positive outlook. However, the company's operating cash flow is negative at -252,795,000 NOK, and free cash flow is also negative at -1,265,054,000 NOK, indicating cash flow challenges [doc:HA-latest]. Risk factors for Nel ASA include low liquidity and the potential for dilution, although no immediate filing-based liquidity or dilution flags were detected. The company's dilution potential is assessed as low, and no significant adjustments were applied to the valuation metrics. The company's risk assessment indicates that it is not currently facing severe liquidity or dilution risks [doc:HA-latest]. Recent events and filings for Nel ASA include analyst estimates and price targets, with a mean recommendation of 3.53, indicating a hold rating. The company has a strong-buy count of 1, a buy count of 0, and a hold count of 8, suggesting a cautious outlook from analysts. No significant recent events or transcripts were reported that would impact the company's financial position or strategic direction [doc:HA-latest].