What is Elkem ASA's (ELK.OL) StockRank?

MoatMap's StockRank for Elkem ASA (ELK.OL) is 81/100, with a Strong Buy signal. This is a composite score combining Quality (52), Value (53), and Momentum (63) factor ranks across MoatMap's 19,000+ stock universe.

Does Elkem ASA have an economic moat?

Elkem ASA (ELK.OL) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Elkem ASA a buy, hold, or sell?

MoatMap's current signal for Elkem ASA (ELK.OL) is Strong Buy, based on a StockRank of 81/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Elkem ASA in?

Elkem ASA (ELK.OL) operates in the Basic Materials sector, specifically the Specialty Chemicals industry (Norway).

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ELK.OL

STRONG BUYREMOVE

Elkem ASA · Basic Materials · Norway · $1.2B · Avg Vol: $4M/d

StockRank

P/E (TTM)

63.0x

ROE

1.7%

D/E

0.5x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Elkem is a global producer of silicon-based materials. While silicon is critical for electronics, Elkem operates as a highly energy-intensive cyclical smelter in Europe, making it a prime casualty of structurally high European energy costs.

COMPANY DESCRIPTION

Elkem ASA is a leading global provider of advanced silicon-based materials, including silicones, silicon products, and carbon materials. The company operates a vertically integrated value chain from quartz mining to specialized chemical formulations, serving industries such as automotive, electronics, and construction. Its competitive moat is defined by proprietary production technology, low-cost hydropower-backed operations in Norway, and a strong global market share in specialty silicones.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	4.9B	2.3B	1.9B	1.8B	-28.4%
EPS	1.63	0.01	0.08	-0.11	-77.4%
Shares	641M	641M	641M	641M	0.0%
Debt	1.3B	1.8B	1.4B	1.3B	-0.8%
Equity	3.1B	2.6B	2.8B	2.6B	-5.8%
Op CF	1.0B	299M	220M	127M	-49.8%
Inv CF	-476M	-573M	-357M	-243M	—
Fin CF	-314M	-53M	80M	-100M	—

PRICE (1M)+20.6%

SMA 50SMA 200

$3.53

RSI (14)

53.4

52W High

$3.74

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

3.1%47.5

ROE

1.7%42.9

GP/Assets

17.6%65.8

Op. Margin

-2.5%14.3

FCF/Assets

4.3%72.5

Piotroski

—81.4

Int. Cover

2.0x39.0

D/E Ratio

0.51x32.9

Current Ratio

2.53x59.8

Value

P/E (TTM)

63.0x17.3

EV/EBITDA

8.9x44.9

P/FCF

51.6x89.2

P/B

0.9x79.4

P/S

0.7x73.0

Div Yield

—N/A

Momentum

52W High %

94%90.6

RS 6M

-6%48.8

SMA 50/200

1.06x52.0

EPS Rev 4W

-1.4%5.9

EPS Rev 12W

—N/A

EPS Improve

—94.1

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$1.2B

P/E (Forward)

9.2x

Gross Margin

51.2%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of ELK.OL are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
ELK.OL	Elkem ASA(you)	$1.2B	81	STRONG BUY
BRG.OL	Borregaard ASA	$1.5B	51	HOLD
NSKOG.OL	Norske Skog ASA	$407M	77	BUY
YAR.OL	Yara International ASA	$13.9B	99	STRONG BUY
NHY.OL	Norsk Hydro ASA	$24.1B	98	STRONG BUY
NOM.OL	Nordic Mining ASA	$145M	3	STRONG SELL

Peer medians: ROE 6.2% · P/E 18.7x · Gross margin 29.8%

Elkem ASA (ELK.OL) — Stock Score Summary

Elkem ASA (ELK.OL) has a MoatMap StockRank of 81/100 based on Quality (52/100), Value (53/100), and Momentum (63/100) factor scores. The current signal is STRONG BUY. Elkem is a global producer of silicon-based materials. While silicon is critical for electronics, Elkem operates as a highly energy-intensive cyclical smelter in Europe, making it a prime casualty of structurally high European energy costs.

Key Financial Metrics

Price	$3.53
Market Cap	$1.2B
P/E (TTM)	63.00
P/E (Forward)	9.20
Price/Book	0.88
Return on Equity	1.7%
Return on Invested Capital	3.1%
Debt/Equity	51.07
Gross Margin	51.2%
Operating Margin	-2.5%
Revenue Growth	-5.4%
Free Cash Flow	$24M

Elkem ASA operates in the Specialty Chemicals industry, part of the Basic Materials sector (Norway).

Frequently Asked Questions

What is Elkem ASA’s (ELK.OL) StockRank?: MoatMap’s StockRank for Elkem ASA (ELK.OL) is 81/100, with a Strong Buy signal. It is a composite of Quality (52), Value (53), and Momentum (63) factor ranks across MoatMap’s 19,000+ stock universe.
Does Elkem ASA have an economic moat?: Elkem ASA (ELK.OL) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Elkem ASA a buy, hold, or sell?: MoatMap’s current signal for Elkem ASA (ELK.OL) is Strong Buy, based on a StockRank of 81/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Elkem ASA in?: Elkem ASA (ELK.OL) operates in the Basic Materials sector, specifically the Specialty Chemicals industry (Norway).