Norsk Hydro ASA

Norsk Hydro is an aluminium group based in Norway. Co. is engaged in the supply of aluminium and aluminium products. Co. supplies casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. Co's customers are active in sectors such as the packaging, lithographic, building, automotive and transport sectors. In addition, Co. is engaged in the production of power in Norway. Its business is divided into six operating segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, and Energy and Other and Eliminations.
  • TickerNHY
  • ISINNO0005052605
  • ExchangeOslo Bors
  • SectorIndustrial Metals & Mining
  • CountryNorway

Analysts

Andrew Lane

Morningstar | Hydro Shares Rally After 2Q Earnings Release, but Our NOK 34 FVE Is Unchanged

Norsk Hydro shares traded sharply higher after the company delivered encouraging news about the ramp-up of its bauxite and alumina production. After updating our valuation model, our fair value estimate is unchanged at NOK 34 per share. Our no-moat rating also remains intact, as we don't expect the company to generate returns on invested capital above its weighted average cost of capital over our explicit forecast period. Although underlying operating profits remain well below the prior-year period, Norsk Hydro is on the verge of materially higher profitability. This comes as the company's ba...

Andrew Lane

Morningstar | Norsk Hydro Should Deliver Higher Profits in the Second Half of 2019 as Normal Operations Resume

Norsk Hydro is a vertically integrated aluminum manufacturer that operates on the low end of the global cost curve for aluminum smelting. The company is engaged in every step of the aluminum production process, as it mines bauxite, refines alumina, smelts aluminum, and manufactures finished aluminum products. Key end markets include packaging, construction, automotive, and transportation.Hydro operates one of the world’s largest bauxite mines, as well as the world’s largest alumina refinery, both of which are in Brazil. Although roughly half of the company’s 2.1 million metric tons per year of...

Andrew Lane

Hydro Shares Rally After 2Q Earnings Release, but Our NOK 34 FVE Is Unchanged

Norsk Hydro shares traded sharply higher after the company delivered encouraging news about the ramp-up of its bauxite and alumina production. After updating our valuation model, our fair value estimate is unchanged at NOK 34 per share. Our no-moat rating also remains intact, as we don't expect the company to generate returns on invested capital above its weighted average cost of capital over our explicit forecast period. Although underlying operating profits remain well below the prior-year per...

Eivind Sars Veddeng

Norsk Hydro (Buy, TP: NOK44.00) - Weak Q2 ahead

We forecast Q2 EBIT of NOK840m, up from NOK559 in Q1 but still at depressed levels as Alunorte’s restart has yet to have an impact. We are cNOK300m below consensus on underlying EBIT but note that the uncertainty is high in the aftermath of the Alunorte curtailment. As the stock is trading at close to an all-time discount to our SOTP we reiterate our BUY recommendation and NOK44 target price.

Alexander Aukner ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Andrew Lane

Morningstar | Hydro Shares Rally After 2Q Earnings Release, but Our NOK 34 FVE Is Unchanged

Norsk Hydro shares traded sharply higher after the company delivered encouraging news about the ramp-up of its bauxite and alumina production. After updating our valuation model, our fair value estimate is unchanged at NOK 34 per share. Our no-moat rating also remains intact, as we don't expect the company to generate returns on invested capital above its weighted average cost of capital over our explicit forecast period. Although underlying operating profits remain well below the prior-year period, Norsk Hydro is on the verge of materially higher profitability. This comes as the company's ba...

Andrew Lane

Morningstar | Norsk Hydro Should Deliver Higher Profits in the Second Half of 2019 as Normal Operations Resume

Norsk Hydro is a vertically integrated aluminum manufacturer that operates on the low end of the global cost curve for aluminum smelting. The company is engaged in every step of the aluminum production process, as it mines bauxite, refines alumina, smelts aluminum, and manufactures finished aluminum products. Key end markets include packaging, construction, automotive, and transportation.Hydro operates one of the world’s largest bauxite mines, as well as the world’s largest alumina refinery, both of which are in Brazil. Although roughly half of the company’s 2.1 million metric tons per year of...

Andrew Lane

Hydro Shares Rally After 2Q Earnings Release, but Our NOK 34 FVE Is Unchanged

Norsk Hydro shares traded sharply higher after the company delivered encouraging news about the ramp-up of its bauxite and alumina production. After updating our valuation model, our fair value estimate is unchanged at NOK 34 per share. Our no-moat rating also remains intact, as we don't expect the company to generate returns on invested capital above its weighted average cost of capital over our explicit forecast period. Although underlying operating profits remain well below the prior-year per...

Eivind Sars Veddeng

Norsk Hydro (Buy, TP: NOK44.00) - Weak Q2 ahead

We forecast Q2 EBIT of NOK840m, up from NOK559 in Q1 but still at depressed levels as Alunorte’s restart has yet to have an impact. We are cNOK300m below consensus on underlying EBIT but note that the uncertainty is high in the aftermath of the Alunorte curtailment. As the stock is trading at close to an all-time discount to our SOTP we reiterate our BUY recommendation and NOK44 target price.

Andrew Lane

Morningstar | Norsk Hydro's 1Q Profit Plummets Due to Operational Headwinds; NOK 34 FVE Unchanged

Norsk Hydro navigated a tumultuous first quarter that included a production embargo at the Alunorte alumina refinery and the fallout from a costly cyberattack. Indeed, the company's earnings release was heavily delayed by challenges related to the cyberattack. Additionally, lower aluminum prices depressed profitability, and global aluminum demand remained lukewarm. With no major changes to our valuation model, our NOK 34 fair value estimate is unchanged. We maintain our no-moat rating, as we don't expect Hydro to generate returns on invested capital above its cost of capital over our explicit ...

1 director bought

A director at Norsk Hydro ASA bought 20,000 shares at 45.540NOK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Alexander Aukner ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Frank Maaø
  • Mats Bye
  • Ole-Andreas Krohn

Northern Lights

Eivind Sars Veddeng ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Montgomery
  • Nicolai Farstad Olsen
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Nurhayati Wan

Norsk Hydro

NORSK HYDRO ASA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of NORSK HYDRO ASA (NO), a company active in the Aluminium industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 2, 2019, the closing price was NOK 36.89 and its potential was estimated at NOK 41.97.

Nurhayati Wan

Norsk Hydro

Nurhayati Wan

Norsk Hydro

Nurhayati Wan

Norsk Hydro

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GlobalData Department

Norsk Hydro ASA (NHY) - Power - Deals and Alliances Profile

Summary Norsk Hydro ASA (Hydro) is a global supplier of aluminum and an electricity producer. Its operations span the value chain, from bauxite extraction to the production of rolled and extruded aluminum products and building systems. Its portfolio of products include bauxite, alumina, extrusion ingots, foundry alloys, sheet and remelt ingots, wire rods, foil for technical applications, and strips and sheets for litho, renewable energy, packaging, transport, heat exchangers, distributors and industrial applications. The company also owns and operates hydro power plants. It generates electric...

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Aluminum Corporation of China Ltd - Strategy, SWOT and Corporate Finance Report Summary Aluminum Corporation of China Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Aluminum Corporation of China Limited (Chalco) is a producer of aluminum in China. The company is principally involved in the exploration and mining of bauxite, and the production and sales of ...

Expert Corporate Governance Service (ECGS)

Norsk Hydro - AGM 07 May 2019

In general, Norsk Hydro ("Hydro") is in compliance with the Norwegian regulations relating to the organisation and procedures of the AGM. Under ITEM 6.1, the board of directors seeks approval of the Company's remuneration guidelines. The proposed remuneration structure is not in line with ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 6.2, the board of directors seeks approval of a share-based incentive plan. In view of the low level of transparency, specifically regarding the performance conditions applicable to the incentive plan, ECGS recommends to vote OPPOSE. ...

Norsk hydro – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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