Capsol Technologies ASA

Capsol Technologies ASA exhibits a strong liquidity position, with cash and equivalents amounting to NOK 97.27 million, which is significantly higher than its total liabilities of NOK 92.51 million. The company's current ratio of 2.7 indicates a solid ability to meet short-term obligations. However, the price-to-book ratio of 2.55 suggests that the market is valuing the company at a premium relative to its book value, which may reflect expectations of future performance or intangible assets not captured in the balance sheet.

Profitability metrics for Capsol are concerning, with a negative return on equity (ROE) of -7.21% and a negative return on assets (ROA) of -3.92%. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The operating loss of NOK 5.70 million and a net loss of NOK 7.93 million further underscore the company's current financial challenges.

The company's revenue is primarily derived from its industrial services segment, with a significant portion of its operations concentrated in a single geographic region. This concentration increases the company's exposure to regional economic fluctuations and regulatory changes. The lack of detailed segment and geographic breakdown in the provided data limits the ability to assess diversification risks comprehensively.

Capsol's growth trajectory appears to be under pressure, with a net loss and negative operating cash flow of NOK 18.15 million. Analysts have a mixed outlook, with a mean recommendation of 2.00 (Hold), indicating a neutral stance. The mean EPS estimate of -0.78 NOK suggests continued earnings pressure in the near term. The company's capital expenditure of NOK 2.56 million indicates ongoing investment, but the negative free cash flow of NOK 8.09 million highlights the need for careful financial management.

Risk factors for Capsol include its negative net income and operating income, which could affect its ability to service debt and maintain operations. The company's debt-to-equity ratio of 0.63 is relatively low, suggesting a conservative capital structure. However, the absence of immediate liquidity or dilution flags does not eliminate the need for ongoing monitoring of financial health and market conditions.

Recent events and filings do not indicate any significant changes in the company's financial or operational status. The lack of strong buy or sell recommendations from analysts suggests a cautious market sentiment. The company's recent performance and financial metrics will be critical in determining its future direction and investor confidence.

Capsol Technologies reported NOK 70.7 million in revenue for fiscal year 2026, indicating significant top-line growth potential.

The company maintains a low leverage band with a debt-to-equity ratio of 0.65 as of December 2024.

Capsol Technologies exhibits strong cash conversion at 2.29, ranking above the 75th percentile of its environmental services cohort.

Analyst consensus recommends a buy rating for Capsol Technologies, suggesting positive market sentiment despite current financial challenges.

The company faces low dilution and liquidity risks, providing a stable capital structure foundation for future operations.

Capsol Technologies recorded a net loss of NOK 81.1 million in fiscal year 2026, worsening from previous periods.

The company generated negative free cash flow of NOK 59.2 million in fiscal year 2026, highlighting cash burn issues.

The company carries a high credit risk flag, indicating potential difficulties in meeting financial obligations or securing favorable financing.

Revenue kr 10.1M, −71,9% YoY; Operating income −678,5% YoY.

• ▍Revenue kr 10.1M, −71,9% YoY
• ▍Operating income −678,5% YoY
• ▍Net income −952,2% YoY
• ▍Free cash flow −492,7% YoY
• ▍Net margin -265.0%

Revenue kr 19.2M, −11,1% YoY; Operating income −99,9% YoY.

• ▍Revenue kr 19.2M, −11,1% YoY
• ▍Operating income −99,9% YoY
• ▍Net income −172,4% YoY
• ▍Free cash flow +10,7% YoY
• ▍Net margin -83.8%

Revenue kr 16.4M, −3,6% YoY; Operating income +1,2% YoY.

• ▍Revenue kr 16.4M, −3,6% YoY
• ▍Operating income +1,2% YoY
• ▍Net income +0,1% YoY
• ▍Free cash flow +49,1% YoY
• ▍Net margin -134.8%

Revenue kr 24.9M, +27,9% YoY; Operating income −139,6% YoY.

• ▍Revenue kr 24.9M, +27,9% YoY
• ▍Operating income −139,6% YoY
• ▍Net income −103,2% YoY
• ▍Free cash flow −41,3% YoY
• ▍Net margin -64.6%

Revenue kr 36.1M; Operating income kr 4.6M.

• ▍Revenue kr 36.1M
• ▍Operating income kr 4.6M
• ▍Net margin 8.7%

Revenue kr 21.6M; Operating income -kr 7.5M.

• ▍Revenue kr 21.6M
• ▍Operating income -kr 7.5M
• ▍Net margin -27.4%

Revenue kr 17.0M; Operating income -kr 21.4M.

• ▍Revenue kr 17.0M
• ▍Operating income -kr 21.4M
• ▍Net margin -130.0%

Revenue kr 19.5M; Operating income -kr 5.7M.

• ▍Revenue kr 19.5M
• ▍Operating income -kr 5.7M
• ▍Net margin -40.7%

Revenue kr 70.7M; Operating income -kr 76.1M.

• ▍Revenue kr 70.7M
• ▍Operating income -kr 76.1M
• ▍Net margin -114.8%

Operating income +100,0% YoY.

• ▍Operating income +100,0% YoY

Revenue kr 34.2M, +217,3% YoY; Operating income −20,3% YoY.

• ▍Revenue kr 34.2M, +217,3% YoY
• ▍Operating income −20,3% YoY
• ▍Net income −26,1% YoY
• ▍Free cash flow −58,7% YoY
• ▍Net margin -127.1%