profit from every NOK 100 of sales.
NOK 0NOK 100
Elkem
NOK 30.94+2.18% today
+9.6% in 1 year
1-year low NOK 25.001-year high NOK 36.84
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Elkem sold, what it kept, and what it did with the cash.
Sales went from NOK 45.0 billion in 2022 to NOK 16.5 billion in 2025, with -NOK 668 million of profit last year.
SalesProfit
Elkem vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| Elkem | No profit yet | ||
 Linde | 34.6× · Expensive | ||
 L'Air Liquide | 34.4× · Expensive | ||
 The Sherwin-Williams | 33.7× · Expensive | ||
 Ecolab | 41.4× · Expensive |
AI analysis
An AI analyst reads Elkem's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 45,018 | 21,133 | 17,809 | 16,536 | |
| 21,698 | 9,555 | 8,718 | 8,139 | |
| 10,141 | 2,927 | 1,730 | 1,006 | |
| 14,543 | 5,949 | 5,154 | 3,822 | |
| 9,561 | 72 | 488 | -668 | |
| 15.00 | 0.11 | 0.77 | -1.05 | |
| 48.2% | 45.2% | 49.0% | 49.2% | |
| 22.5% | 13.9% | 9.7% | 6.1% | |
| 21.2% | 0.3% | 2.7% | -4.0% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 52,781 | 50,500 | 53,432 | 47,481 |
| Cash | 9,255 | 6,367 | 4,397 | 2,694 |
| Total debt | 12,277 | 16,206 | 12,908 | 11,969 |
| Total liabilities | 24,008 | 26,042 | 27,411 | 23,456 |
| 28,639 | 24,325 | 25,912 | 23,921 | |
| 637 | 638 | 636 | 636 | |
| 23.9% | 6.8% | 4.6% | 2.3% | |
| 33.4% | 0.3% | 1.9% | -2.8% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 9,314 | 2,769 | 2,030 | 1,176 | |
| 4,213 | 4,988 | 3,398 | 2,359 | |
| 5,101 | -2,219 | -1,368 | -1,183 | |
| Dividends paid | 1,900 | 3,815 | – | 190 |
| 38 | – | – | – | |
| – | – | – | – |
Valuation
- –
- –
- –
- 0.5×
- 0.7×
- –
- 5.4×
- -10.5%
- -6.0%
- 1.7%
Profitability
- 49.2%
- 6.1%
- -4.0%
- –
- 2.3%
- 9.4%
- –
- –
- –
- –
Growth
- −28.4%
- –
- –
- –
- −0.1%
Financial health
- 2.4×
- 0.50
- –
- 2.0×
- 2.72
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 24%of 988
Bottom 30%of 948
Bottom 1%of 927
Bottom 6%of 987
1.7%of the share price, paid each year
On $1,000 invested$17a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
37No pass
Benjamin Graham
68Pass
Philip Fisher
43No pass
Peter Lynch
25No pass
Joel Greenblatt
18No pass
Charlie Munger
35No pass
Terry Smith
36No pass
Questions about Elkem
Is Elkem a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Elkem AI analysis
What does Elkem do?
Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through Silicones, Silicon Products, and Carbon Solutions segments. It is in Specialty Chemicals, based in Oslo, Norway, with 3,000 employees.
Does Elkem pay a dividend?
Yes. At today's price the dividend is 1.7% a year. In 2025 it paid out NOK 190 million in dividends.
Is Elkem stock halal?
No. Elkem does not pass our halal screen: its debt is 107% of its market value, at or above the 33% limit. How we check
How has Elkem stock done over the past year?
Up 9.6% over the past twelve months, to NOK 30.94. It traded between NOK 25.00 and NOK 36.84 and is 16.0% below its high.
Who are Elkem's competitors?
The largest listed companies in the same industry are Linde, L'Air Liquide, The Sherwin-Williams and Ecolab. The peers table on this page compares their profit, growth and price with Elkem's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.