- Norsk Hydro reported an Adjusted EBITDA of NOK 5.84 billion for Q2 2024.
- This figure fell short of the estimated NOK 6.41 billion.
- The company saw continued positive development in key revenue drivers from Q1 into Q2.
- Results were solid in both the Bauxite & Alumina and Aluminium Metal segments.
- Analyst recommendations include 13 buys, 7 holds, and 2 sells.
A look at Norsk Hydro ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Norsk Hydro ASA shows a promising long-term outlook. With strong scores in Value, Resilience, and Momentum, the company appears to be well-positioned for growth and stability in the market. Norsk Hydro ASA‘s solid Value score indicates that it may be undervalued, presenting a potential opportunity for investors. Additionally, its high Resilience score suggests the company has the ability to weather economic uncertainties and market fluctuations. The Momentum score further highlights the positive trend and potential for continued growth in the future.
Norsk Hydro ASA, a supplier of aluminum and aluminum products, offers a diverse range of products including automotive and transport items, building systems, casthouse products, and more. With competitive scores in Dividend and Growth, the company demonstrates a balanced approach to rewarding investors while also focusing on expanding its operations. Overall, Norsk Hydro ASA‘s strong performance across multiple factors bodes well for its future prospects in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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