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HydrogenPro ASA (HYPRO) Fair Value & Analysis

Industrials · NO · Market cap 95.1M NOK

HA HydrogenPro ASA HYPRO · OL
Pricekr 0.7980
Fair Valuekr 0.3910
Upside-51.0%
Quality20/100
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Evidence: Low Range kr 0.2550 – kr 0.4845

Fair value as of: Jul 12, 2026

From 1 valuation models · updated today

Share price −63.9% over the past month.

Price vs Fair Value (12 months)

kr 3.99 kr 0.7300 Fair Value kr 0.3910 Jul 2025 Jul 2026

12‑month range kr 0.7300 – kr 3.99 · fair‑value band kr 0.2550 – kr 0.4845 · the kr 0.7980 price screens above the kr 0.3910 fair value. As of Jul 12, 2026.

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Analysis

HydrogenPro ASA (HYPRO) currently trades at kr 0.7980, while our model-based Fair Value estimate is kr 0.3910 — implying the stock looks roughly 51.0% overvalued today. We read business quality at 20/100 (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 Jul 12, 2026

Our scenario range runs from kr 0.2550 (bear case) to kr 0.4845 (bull case); at kr 0.7980, the current price sits above that range. For context, the median of 10 Industrials peers we cover trades at -43% fair-value upside — at -51%, HYPRO screens richer than that median.

Key figures & financial health

Revenue (TTM) 80.1M NOK
Revenue growth (YoY) -29.2%
Net margin -261%
Return on equity -79.5%
Free cash flow −223M NOK FY2025
Operating margin -232%
More key figures
EPS (TTM) kr -2.33
Net cash 173M NOK FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.

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. 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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HydrogenPro ASA 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.

Revenue +44.2%/yr
FY21 kr 20.0M
FY22 kr 56.4M
FY23 kr 568M
FY24 kr 196M
FY25 kr 86.7M
Net income
FY21 −kr 56.4M
FY22 −kr 84.9M
FY23 −kr 64.5M
FY24 −kr 196M
FY25 −kr 233M

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Cite: Fair Value Calculator (2026). "HydrogenPro ASA Fair Value". https://www.fairvalue-calculator.com/stock/HYPRO

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Frequently asked questions

Is HydrogenPro ASA (HYPRO) undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 0.3910 versus a price of kr 0.7980 — about −51% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HYPRO?
Our model-based fair value for HydrogenPro ASA is kr 0.3910 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 0.7980.
What is the quality score of HYPRO?
HydrogenPro ASA has a Quality Score of 20/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HydrogenPro ASA (HYPRO)?
HydrogenPro ASA reported trailing-twelve-month revenue of about 80.1M NOK (latest available figure, as of Jul 12, 2026).

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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.