ELK.OL Live signals | Maximize Profits with Getagraph.com

BUY 881 min ago

@ NOK19.61

Issued: 25 Apr 2024 @ 09:00

Return: -1.02%

Previous signal: Apr 25 - 04:14

Previous signal: Sell

Return: 0.93 %

Live Chart Being Loaded With Signals

Commentary (25 Apr 2024 @ 10:25):
Our systems believe the stock currently is undervalued by 0.75% compare to its pairs and should correct upwards.

Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries...

Stats
Today's Volume	1.42M
Average Volume	1.31M
Market Cap	12.30B
EPS	NOK0 ( 2024-04-18 )
Next earnings date	( NOK0.120 ) 2024-07-11
Last Dividend	NOK6.00 ( 2023-05-02 )
Next Dividend	NOK0 ( N/A )
P/E	-9.33
ATR14	NOK0.570 (2.92%)

Correlation (AI algo v.1.1b): Undervalued: 0.75% NOK19.64 paired level. (The Algo Track The Changes Of The Most Correlated Stocks In Realtime And Give An Instant Update)

Volume Correlation

Long: -0.82 (strong negative)

Short: -0.62 (weak negative)

Signal:(33) Neutral

Elkem ASA Correlation

10 Most Positive Correlations
NEL.OL	0.943
EFUEL.OL	0.939
STRO.OL	0.938
BMA.OL	0.932
BONHR.OL	0.931
TOM.OL	0.927
ANDF.OL	0.921
KOMPL.OL	0.92
NOD.OL	0.911
TRVX.OL	0.91

10 Most Negative Correlations
SNI.OL	-0.94
QFR.OL	-0.922
FRO.OL	-0.915
ODF.OL	-0.899
AYFIE.OL	-0.894
ADE.OL	-0.893
ATEA.OL	-0.892
HAFNI.OL	-0.892
SSG.OL	-0.888
GOD.OL	-0.883

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Elkem ASA Correlation - Currency/Commodity

0.78
( moderate )

0.79
( moderate )

0.00
( neutral )

0.05
( neutral )

-0.04
( neutral )

-0.86
( strong negative )

Elkem ASA Financials

Annual	2023
Revenue:	NOK34.73B
Gross Profit:	NOK440.00M (1.27 %)
EPS:	NOK0.110

Q1	2024
Revenue:	NOK7.79B
Gross Profit:	NOK-104.00M (-1.34 %)
EPS:	NOK-0.690

Q4	2023
Revenue:	NOK8.11B
Gross Profit:	NOK-394.00M (-4.86 %)
EPS:	NOK-0.730

Q3	2023
Revenue:	NOK7.75B
Gross Profit:	NOK3.08B (39.73 %)
EPS:	NOK-0.720

Financial Reports:

No articles found.

Elkem ASA Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK6.00 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)

Elkem ASA Dividend Information - Dividend Knight

Dividend Sustainability Score: 3.34 - low (11.37%) | Divividend Growth Potential Score: 0 - No dividend expected

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	NOK2.60	2019-05-02
Last Dividend	NOK6.00	2023-05-02
Next Dividend	NOK0	N/A
Payout Date	2023-05-10
Next Payout Date	N/A
# dividends	5	--
Total Paid Out	NOK12.35	--
Avg. Dividend % Per Year	6.64%	--
Score	3.7	--
Div. Sustainability Score	3.34
Div.Growth Potential Score	0
Div. Directional Score	1.631	--

Next Divdend (Est)
(2025-03-31)

NOK8.58 Estimate 3.09 %

Dividend Stability

0.25 Very Poor

Dividend Score

3.70

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2019	NOK2.60	11.90%
2020	NOK0.600	2.41%
2021	NOK0.150	0.53%
2022	NOK3.00	9.80%
2023	NOK6.00	16.70%
2024	NOK0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for OSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
ALNG.OL	Dividend King	2023-11-27	Quarterly	2	6.60%	7.04
OKEA.OL	Dividend Knight	2023-12-01	Quarterly	3	5.65%	6.86
SALM.OL	Dividend Knight	2023-06-09	Annually	17	2.80%	4.97
BWLPG.OL	Dividend Knight	2023-11-17	Quarterly	11	1.68%	4.46
ELK.OL	Dividend Knight	2023-05-02	Annually	6	6.64%	4.31
BWO.OL	Dividend Knight	2023-11-20	Quarterly	14	0.87%	3.96
ATEA.OL	Dividend Knight	2023-11-20	Annually	16	2.97%	3.45
HAFNI.OL	Dividend Knight	2023-11-23	Semi-Annually	5	1.18%	3.31
AKER.OL	Dividend Knight	2023-11-07	Semi-Annually	20	2.99%	3.13
AUSS.OL	Dividend Knight	2023-05-26	Annually	17	3.23%	2.93

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	-0.0397	1.500	-0.794	-1.191	[0 - 0.5]
returnOnAssetsTTM	-0.0254	1.200	-0.846	-1.016	[0 - 0.3]
returnOnEquityTTM	-0.0518	1.500	-1.686	-2.53	[0.1 - 1]
payoutRatioTTM	-2.98	-1.000	-10.00	10.00	[0 - 1]
currentRatioTTM	2.00	0.800	5.00	4.00	[1 - 3]
quickRatioTTM	0.931	0.800	9.23	7.38	[0.8 - 2.5]
cashRatioTTM	0.594	1.500	7.81	10.00	[0.2 - 2]
debtRatioTTM	0.312	-1.500	4.80	-7.20	[0 - 0.6]
interestCoverageTTM	0.307	1.000	-0.997	-0.997	[3 - 30]
operatingCashFlowPerShareTTM	4.66	2.00	8.45	10.00	[0 - 30]
freeCashFlowPerShareTTM	-2.73	2.00	-1.363	-2.73	[0 - 20]
debtEquityRatioTTM	0.647	-1.500	7.41	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.188	1.000	-0.192	-0.192	[0.2 - 0.8]
operatingProfitMarginTTM	0.0110	1.000	-1.780	-1.780	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.186	1.000	-0.0781	-0.0781	[0.2 - 2]
assetTurnoverTTM	0.639	0.800	9.07	7.26	[0.5 - 2]
Total Score				3.34

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	-9.55	1.000	-1.066	0	[1 - 100]
returnOnEquityTTM	-0.0518	2.50	-1.084	-2.53	[0.1 - 1.5]
freeCashFlowPerShareTTM	-2.73	2.00	-0.909	-2.73	[0 - 30]
dividendYielPercentageTTM	30.77	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	4.66	2.00	8.45	10.00	[0 - 30]
payoutRatioTTM	-2.98	1.500	-10.00	10.00	[0 - 1]
pegRatioTTM	0	1.500	-3.33	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0908	1.000	-0.231	0	[0.1 - 0.5]
Total Score				-0.0825

Elkem ASA

Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The Silicones segment produces and sells various silicone-based products across various sub-sectors, including release coatings, engineering elastomers, healthcare products, specialty fluids, emulsions, and resins. The Silicon Products segment produces various grades of metallurgical silicon, ferrosilicon, foundry alloys, and micro silica for use in various end applications. The Carbon Solutions segment produces carbon electrode materials, lining materials, and specialty carbon products for metallurgical processes to produce various metals. Elkem ASA also engages in the generation and sale of hydroelectric power, as well as supplies heat in the form of steam and hot water. The company was incorporated in 1904 and is headquartered in Oslo, Norway. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. S.A.