Elkem ASA/Nkr ELK
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Elkem ASA
Elkem ASA is a company engaged in the development, production, and distribution of silicon-based advanced materials, operating within the specialty chemicals industry. The company provides materials including silicones, silicon, foundry alloys, and carbon products, with applications across various industries such as construction, automotive, electronics, and medical. Founded in 1904, Elkem has a longstanding history in the field of metallurgy and materials science. Headquartered in Oslo, Norway, the company has a significant global presence with manufacturing facilities and sales offices across Europe, North America, Asia, and Africa. Elkem’s strategic positioning is strengthened by its integrated value chain and focus on innovation and sustainable practices in production.
- Ticker
- Nkr ELK
- Sector
- Materials
- Primary listing
- XOSL
- Employees
- 7,000
- Headquarters
- Oslo, Norway
- Website
- www.elkem.com
Elkem ASA Metrics
BasicAdvanced
kr 11B
-
-kr 1.17
0.98
-
Price and volume
Market cap
kr 11B
Beta
0.98
52-week high
kr 37.66
52-week low
kr 24.20
Average daily volume
891K
Financial strength
Current ratio
3.343
Quick ratio
1.386
Long term debt to equity
0.771
Total debt to equity
0.918
Interest coverage (TTM)
1.27%
Profitability
EBITDA (TTM)
3,302
Gross margin (TTM)
49.43%
Net profit margin (TTM)
-3.75%
Operating margin (TTM)
3.76%
Effective tax rate (TTM)
26.85%
Revenue per employee (TTM)
kr 2,280,000
Management effectiveness
Return on assets (TTM)
0.98%
Return on equity (TTM)
2.63%
Valuation
Price to revenue (TTM)
1.008
Price to book
0.87
Price to tangible book (TTM)
0.9
Price to free cash flow (TTM)
16.956
Free cash flow yield (TTM)
5.90%
Free cash flow per share (TTM)
1.835
Growth
Revenue change (TTM)
2.64%
Earnings per share change (TTM)
45.08%
3-year revenue growth (CAGR)
-24.07%
3-year earnings per share growth (CAGR)
-19.58%
What the Analysts think about Elkem ASA
Analyst ratings (Buy, Hold, Sell) for Elkem ASA stock.
Analyst projections of the future price of Elkem ASA stock.
Bulls say / Bears say
Elkem says its cost programme is ahead of target, with annual savings of more than NOK 600 million expected and NOK 841 million of working capital released by the end of June. These savings are due to support results from the third quarter onwards. (Elkem)
The balance sheet is in better shape after a NOK 1.8 billion equity raise and refinancing: net debt to EBITDA fell from 5.0 times in the first quarter to 3.2 times in the second, with NOK 4.9 billion of cash and substantial undrawn credit lines. This gives Elkem more room to manage a weak cycle. (Elkem)
There are early signs of firmer European silicon prices: prices have recovered since June alongside stronger tender activity and reports of reduced Angolan supply. If this persists, it could help Elkem’s realised prices and margins. (Fastmarkets)
Second-quarter earnings weakened: EBITDA fell 19% year on year to NOK 523 million, with Silicon Products down 28% and Carbon Solutions down 29%. Lower silicon prices and weaker sales volumes and prices continue to pressure profitability. (Elkem)
Chinese oversupply and subdued downstream demand remain a headwind: Elkem says Chinese silicon prices are near historical lows and exports to Europe have risen, while Fastmarkets reports that low-priced imports and weak automotive demand are weighing on European producers. A sustained price recovery may therefore require stronger end-market demand, not just trade measures. (Elkem, Fastmarkets)
Trade barriers add uncertainty and may limit market access: Elkem’s management described US tariffs as negative for the company, with silicon metal duties including a 17.27% countervailing rate. Meanwhile, EU ferroalloy safeguards had so far done little to lift prices amid weak demand and substitution risk. (StockAnalysis, Elkem)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.
Elkem ASA Financial Performance
Revenues and expenses
Elkem ASA Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Elkem ASA
AllUSDEURGBP
Fund name | Fund size | Nkr ELK weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.07% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.07% |
Xtrackers S&P 500 Swap£XSPX | $9.7B | 0.04% |
Vanguard ESG Developed Europe All Cap£V3EA | €125M | 0.01% |
Vanguard ESG Developed Europe All Cap£V3EL | €35M | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.