Norsk Hydro ASA (NHYKF) Fair Value & Analysis
Basic Materials · US · Market cap $20.7B
Norsk Hydro ASA
NHYKF · US
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 13 days ago
Fair value updated Jul 18, 2026, revised from $5.91 to $6.03 (+2.0%) since Jun 24, 2026. Share price −0.5% over the past month.
What matters now
- The price sits above even our optimistic bull case ($7.54). The favourable scenario is already priced in.
- Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (12 months)
12‑month range $5.79 – $12.91 · fair‑value band $4.52 – $7.54 · the $9.08 price screens above the $6.03 fair value. As of Jul 18, 2026.
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Norsk Hydro ASA (NHYKF) currently trades at $9.08, while our model-based Fair Value estimate is $6.03, implying the stock looks roughly 33.6% overvalued today. We read business quality at 65/100 (solid quality), in the Basic Materials 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: high).
Over the trailing twelve months, Norsk Hydro ASA generated revenue of $201B at a net margin of 3.0%. Revenue declined 11.7% year over year. It earns a return on equity of 6.2%. Net debt stands at $20.5B. Fundamentals as of Jul 18, 2026
Our scenario range runs from $4.52 (bear case) to $7.54 (bull case); at $9.08, the current price sits above that range. The share trades about 30% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 37% fair-value upside, at -34%, NHYKF screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
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.
About the company
Norsk Hydro ASA engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide. The company operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.
Full company description
Norsk Hydro ASA engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide. The company operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments. The Hydro Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina. The Hydro Aluminium Metal segment is involved in the primary aluminum production casting activities. This segment principally offers extrusion ingots, foundry alloys, and sheet and standard ingots. The Hydro Metal Markets segment sells products from the company's primary metal plants; operates recyclers; and trades in physical and financial metals. The Hydro Extrusions segment offers extrusion profiles, building systems, and precision tubing products for construction, automotive and heating, and ventilation and air conditioning sectors, as well as operates recycling facilities. The Hydro Energy segment engages in the trading and wholesale business in Brazil; energy sourcing operations; and operation of power stations in Norway, as well as renewable energy production, such as wind and solar. The company also provides extruded solutions. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Norsk Hydro ASA reported revenue of $208B in FY2025 versus $150B in FY2021, a compound +8.6%/yr. Reported net income was $6.7B in FY2025, compounding −13.8%/yr from FY2021.
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Recent news
- Norsk Hydro ASA (NHYDY) Q2 2026 Earnings Call Highlights: Strong Operational Performance Amid ...
- Norsk Hydro Non-GAAP EPS of NOK 2.21, revenue of NOK 56.49B
- Norsk Hydro: Operational strength delivering solid results
- Norsk Hydro: Reminder - Invitation to Hydro's second quarter results 2026
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aluminum stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥17.14 | ¥41.45 | +142% |
| China Hongqiao Group CHHQY | $29.13 | $54.65 | +88% |
| Hindalco Industries Limited HINDALCO | ₹1,039 | ₹958.11 | -8% |
| Aluminum Corporation ALMMF | $1.09 | $1.53 | +40% |
| Press Metal Aluminium Holdings 8869 | 8.47 MYR | 4.62 MYR | -45% |
| Alcoa Corporation AAI | A$109.31 | A$73.20 | -33% |
| Yunnan Aluminium Co 000807 | ¥25.99 | ¥29.68 | +14% |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥26.25 | ¥27.93 | +6% |
| Tianshan Aluminum Group 002532 | ¥13.39 | ¥18.41 | +37% |
| Shandong Nanshan Aluminium Co 600219 | ¥4.76 | ¥7.57 | +59% |
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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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