Norsk Hydro stock
NHY.OLOSLNorsk Hydro ASA, Basic MaterialsISIN NO0005052605
62Score 62 out of 100, Neutral
Price and trend
42 / 100
Price history
−6.5% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 24% below it.
Since August 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 57).
The price is 42% below its 52-week high. Largest decline in 20 years: 76% (May 2008 to March 2009).
Chart figures for advanced users
- SMA 50$8.20
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$9.59
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)57
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$6.85
- The lowest closing price of the last twelve months.
- Resistance$12.53
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Norsk Hydro ASA belongs to the Aluminum industry (Norway) and, with a market value of $14.3B, is number 5 of 18 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $21.82B (up 2.1% year on year) and earnings of $704.64M (up 16%).
- For fiscal 2026, analysts expect on average revenue of $22.45B (up 2.9%) and adjusted earnings per share of $0.86 (up 61.9%).
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- MEQIRI Score 62 out of 100 (Neutral): rank 174 of 461 in Basic Materials, median 57.
- Our model puts fair value at $13.77, with the price 47% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Below fair valuePrice 47% below the fair value of $13.77.Valuation 100
- High dividend yieldDividend yield 4.33%, Basic Materials sector median 1.94%.Capital allocation 84
- High return on capitalReturn on invested capital 20.8% in fiscal 2025, Aluminum median 8.2%.Profitability 59
Weaknesses
- Analysts expect falling earningsDown 7.4% a year through 2028 (estimates from 12 analysts).Growth 46
- Earnings per share fallingDown 12.8% a year since 2021.Growth 46
Its standout strengths are valuation and capital allocation, while technical analysis and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- price far below its 52-week high
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high price swings
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $10.59 and expensive above $19.67 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 8.5%. At 9.5% the fair value would be $11.39, at 7.5% it would be $17.34.
Valuation metrics
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 4.3% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 31%, operating 18%, net 3%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 16 Feb 2027in 95 days
- Last reported
- 23 Oct 2026EPS reported $0.23 (expected $0.24)in line with expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 11.0% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $0.86−5.7%
- Revenue
- $22.45B−1.5%
- Earnings per share
- $0.76−11.0%
- Revenue
- $22.5B−2.6%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +5.5%No guidance change: 2026 capex remains around NOK 13.5 billion, and for the third quarter realized premiums of $660 to $710 per tonne and higher sales volumes are expected.
“Finally, I would also like to add on the financial highlights for Q2 that the full year CapEx guiding for 2026 of around NOK 13.5 billion remains.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 22 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Norsk Hydro
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 62
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Aluminum
The next larger and next smaller companies by market value
- China Hongqiao Group1378.HK $24.56B69
- Hindalco IndustriesHINDALCO.NS $23.03B62
- Aluminum Corporation of China601600.SS $19.83B68
- Vedanta Aluminium MetalVAML.NS $15.87B41
- Yunnan Aluminium000807.SZ $12.12B68
- AlcoaAA $10.68B61
- Guangdong Hec Technologyholding600673.SS $10.62B31
- Henan Shenhuo Coal Industry and Electricity Power000933.SZ $8.2B70
ETFs that hold Norsk Hydro
Held by 106 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares STOXX Europe 600 Basic Resources UCITS ETF (DE)EXV6 | 2.68% | 0.46% | €496.14M |
| Xtrackers MSCI Europe Materials Screened UCITS ETF 1CDXSC | 1.26% | 0.17% | €67.38M |
| State Street SPDR MSCI Europe Materials UCITS ETFSPYP | 1.24% | 0.18% | €110.91M |
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| WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD AccRARE | 1.06% | 0.50% | €604M |
| Xtrackers MSCI Nordic UCITS ETF 1DXDN0 | 0.62% | 0.30% | €1.19B |
| iShares STOXX Europe Mid 200 UCITS ETF (DE)EXSD | 0.51% | 0.20% | €634.13M |
| Invesco Global Active ESG Equity UCITS ETFIQSE | 0.48% | 0.30% | €3.17B |
| VanEck S&P Global Mining UCITS ETF A USDWMIN | 0.47% | 0.50% | €1.97B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 19 Jun 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.