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HydrogenPro ASA (HYPRF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of HydrogenPro ASA $0.06, price $0.20, upside -70.1%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Thin data
Sep 24, 2026
Thin data
Sep 24, 2026
HydrogenPro ASA
HYPRF · USWeakest SetupStrongly overvalued and low quality.
!Fair value $0.0600 · Strongly overvalued (−70.1%)
!Quality 19/100
!Expensive Growth (revenue 5y +26.0 %/yr)
!Low debt · negative free cash flow
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.1900 – $3.73 · fair‑value band $0.0400 – $0.0800 · the $0.2007 price screens above the $0.0600 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
HydrogenPro ASA, a technology company, provides green hydrogen technology solutions in Norway, Europe, the United States, and the Asia Pacific. It designs, manufactures, and delivers high-pressure alkaline electrolyzer technology. The company also offers gas separation skid products.
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HydrogenPro ASA, a technology company, provides green hydrogen technology solutions in Norway, Europe, the United States, and the Asia Pacific. It designs, manufactures, and delivers high-pressure alkaline electrolyzer technology. The company also offers gas separation skid products. It serves refinery and decarbonization, fertilizer and ammonia, steel production, power-to-gas, synthetic aviation fuel, and balancing the grid markets. The company was incorporated in 2013 and is headquartered in Porsgrunn, Norway.
Stock analysis
HydrogenPro ASA (HYPRF) currently trades at $0.2007, while our model-based Fair Value estimate is $0.0600, 70.1% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 93/100, which puts the evidence level at low.
Scenario range: $0.0400 (bear) to $0.0800 (bull), the price of $0.2007 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 19/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HydrogenPro ASA reported revenue of 84.2M NOK in FY2025 versus 20.0M NOK in FY2021, a compound +43.2%/yr. Reported net income was −239M NOK in FY2025.
Key figures
Market cap $22.2M · P/S ratio 0.28 · EPS (TTM) $−0.2500 · Net margin −260% · Return on equity −79.5% · Return on assets (EBIT) −27.8% · Operating margin −232% · Revenue (TTM) 80.6M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 79% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −70%, HYPRF screens richer than that median.
Fair Value models
Bear $0.0400
Fair Value $0.0600
Bull $0.0800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham)
$0.1400
$0.1800
$0.2700
54
All 1 models by family
Asset-Based
NCAV (Graham)
$0.1400
$0.1800
$0.2700
54
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Set up alert →Quality Score breakdown
Overall quality
19/100
Of which business quality 24 · Market factors (momentum, volatility) 30
Profitability
1
Margins and returns on capital today
Quality Growth
0
Are margins and returns improving?
Cashflow
6
Earnings quality: real cash, not paper profit
Fin. Strength
73
Balance sheet, leverage, solvency risk
Investment
67
Disciplined investing over empire-building
Low Volatility
50
Calm price path (market factor)
Momentum
34
Price trend over the last 3–12 months (market factor)
52W Momentum
1
Distance to the 52-week high (market factor)
Net Issuance
0
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−56.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.0%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.7%
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−22.4% (2020) → −255.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
HYPRF screens overvalued: fair value 70% below the price. Compare with GE Vernova Inc →
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 789 stocks
Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $950.49 | $142.61 | −85% |
| SIE SIE | €271.90 | €150.42 | −45% |
| Eaton Corporation ETN | $433.27 | $173.12 | −60% |
| Parker-Hannifin Corporation PH | $970.37 | $494.81 | −49% |
| Emerson Electric Co EMR | $155.10 | $62.54 | −60% |
| Illinois Tool Works Inc ITW | $257.28 | $153.33 | −40% |
| Cummins Inc CMI | $516.57 | $359.11 | −30% |
| AMETEK, Inc AME | $250.74 | $125.77 | −50% |
| Rockwell Automation, Inc ROK | $442.45 | $139.31 | −69% |
| Sandvik AB SAND | kr 362.00 | kr 193.59 | −47% |
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Frequently asked questions
Is HydrogenPro ASA (HYPRF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0600 versus the last price from Sep 25, 2026 of $0.2007, about −70% upside (overvalued).
What is the fair value of HYPRF?
Our model-based fair value for HydrogenPro ASA is $0.0600 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $0.2007.
What is the quality score of HYPRF?
HydrogenPro ASA has a Quality Score of 19/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HydrogenPro ASA (HYPRF)?
Our model-based price target is the fair value of $0.0600 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario $0.0400, optimistic scenario $0.0800. It is a calculation from audited fundamentals, not an analyst target.
What is the HydrogenPro ASA stock forecast for 2026?
Our models put fair value at $0.0600, about −70% upside versus the last price from Sep 25, 2026 of $0.2007 (overvalued). Cautious scenario $0.0400, optimistic scenario $0.0800. The calculation is refreshed regularly with new filings.
What is the revenue of HydrogenPro ASA (HYPRF)?
HydrogenPro ASA reported trailing-twelve-month revenue of about 80.6M NOK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of HydrogenPro ASA (HYPRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HydrogenPro ASA it is $0.0600 per share (as of Sep 24, 2026), against a price of $0.2007. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is HydrogenPro ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HYPRF trades above its calculated fair value: price $0.2007, fair value $0.0600, a gap of about −70% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HYPRF?
No. The price is what the market pays today ($0.2007); the fair value is what the company's own numbers justify ($0.0600). For HydrogenPro ASA the two are $0.1407 per share apart. That gap is exactly why we show both numbers side by side.
How much is HydrogenPro ASA worth?
The market values HydrogenPro ASA at about $22.2M (market capitalisation, as of Sep 24, 2026). Per share that is $0.2007; our models calculate a fair value of $0.0600 per share.
What do the bullish and bearish scenarios say about HYPRF?
Our models span a range for HydrogenPro ASA: cautious scenario $0.0400, base $0.0600, optimistic $0.0800 per share (as of Sep 24, 2026, price $0.2007). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HydrogenPro ASA (HYPRF)?
Balance-sheet figures for HydrogenPro ASA (as of Sep 24, 2026): return on equity −79.5%. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is HYPRF from its 52-week high?
HydrogenPro ASA trades at $0.2007, about 79% below its 52-week high of $0.9530 and 6% above the low of $0.1900 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0600 is for.
Which stocks are comparable to HydrogenPro ASA?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HydrogenPro ASA stock attractive at the current price?
The data as of Sep 24, 2026: price $0.2007, calculated fair value $0.0600 (−70%), Quality Score 19/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HYPRF calculated?
We run HydrogenPro ASA through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0600, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. HydrogenPro ASA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HydrogenPro ASA (HYPRF)?
The latest price we hold is from Sep 25, 2026 and stands at $0.2007. Our model-based fair value is $0.0600, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HydrogenPro ASA right now?
The price sits above even our optimistic bull case ($0.0800). The favourable scenario is already priced in. Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.0400 to $0.0800) leaves room in how you read the outcome.
Key figures of HydrogenPro ASA
How large is the market capitalisation of HydrogenPro ASA (HYPRF)?
The market capitalisation of HydrogenPro ASA is $22.2M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HydrogenPro ASA (HYPRF)?
The price-to-sales ratio of HydrogenPro ASA is 0.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HydrogenPro ASA (HYPRF)?
Earnings per share at HydrogenPro ASA are $−0.2500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HydrogenPro ASA (HYPRF)?
The net margin of HydrogenPro ASA is −260% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HydrogenPro ASA (HYPRF)?
The return on equity (ROE) of HydrogenPro ASA is −79.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HydrogenPro ASA (HYPRF)?
On an EBIT basis the return on assets of HydrogenPro ASA is −27.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HydrogenPro ASA (HYPRF)?
The operating margin of HydrogenPro ASA is −232% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HydrogenPro ASA (HYPRF)?
Revenue at HydrogenPro ASA is growing −27.5% versus a year earlier (3y avg +14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does HydrogenPro ASA (HYPRF) generate?
The free cash flow of HydrogenPro ASA is −223M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does HydrogenPro ASA (HYPRF) hold?
HydrogenPro ASA holds more cash than debt, 85.7M NOK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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