HydrogenPro AS (HYPRO) Fair Value & Analysis
Industrials · NO · Market cap 95.1M NOK
Risks
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 13 days ago
Share price −26.1% over the past month.
Below-average quality, and trading another 32% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 0.4845). The favourable scenario is already priced in.
- Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (kr 0.2550 to kr 0.4845) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range kr 0.5160 – kr 37.85 · fair‑value band kr 0.2550 – kr 0.4845 · the kr 0.5160 price screens above the kr 0.3910 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
HydrogenPro AS (HYPRO) currently trades at kr 0.5160, while our model-based Fair Value estimate is kr 0.3910, implying the stock looks roughly 24.2% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at 80.1M NOK. Revenue declined 29.2% year over year. It earns a return on equity of -79.5%. The balance sheet holds a net cash position of 173M NOK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 0.2550 (bear case) to kr 0.4845 (bull case); at kr 0.5160, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -51% fair-value upside, at -24%, HYPRO screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 27 · Market factors (momentum, volatility) 15
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HydrogenPro AS reported revenue of kr 86.7M in FY2025 versus kr 20.0M in FY2021, a compound +44.2%/yr. Reported net income was −kr 233M in FY2025.
HYPRO screens 24% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 813 stocks
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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $966.01 | $131.95 | -86% |
| SIE SIE | €281.95 | €139.77 | -50% |
| Eaton Corporation ETN | $459.96 | $168.65 | -63% |
| Parker-Hannifin Corporation PH | $1,042 | $398.69 | -62% |
| Atlas Copco AB ATCOA | kr 202.30 | kr 112.59 | -44% |
| Cummins Inc CMI | $637.85 | $348.94 | -45% |
| Illinois Tool Works Inc ITW | $292.51 | $145.84 | -50% |
| Emerson Electric Co EMR | $163.80 | $58.44 | -64% |
| AMETEK, Inc AME | $258.52 | $125.80 | -51% |
| Rockwell Automation, Inc ROK | $451.39 | $125.76 | -72% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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