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Employees: 195
Size Cambi (CAMBI.OL) is a Norway Industrials company (Environmental Services) with a market value of $390M, the 103rd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 22.60 on 6 Nov 2026.
Performance Over six months the shares gained 7.1%, against -16.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 9.5% over the last twelve months (peer median -2.0%); the operating margin is 11.0% (peer median 7.4%).
Valuation It trades at 44.3× forward earnings against a peer median of 13.4× (2nd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 47.2 points above its cost of capital (5.8% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 957M | NOK 1.07B | NOK 1.03B | NOK 977M | NOK 440M |
| Revenue growth | — | +3% | +6% | +122% | — |
| Gross profit | NOK 105M | NOK 219M | NOK 267M | NOK 274M | NOK 18.8M |
| EBITDA | NOK 122M | NOK 154M | NOK 222M | NOK 245M | -NOK 1.70M |
| Net income | NOK 47.9M | NOK 135M | NOK 150M | NOK 184M | -NOK 11.6M |
| Free cash flow | NOK 256M | NOK 265M | -NOK 37.4M | NOK 192M | NOK 56.0M |
| Capital expenditure | NOK 2.80M | NOK 7.70M | NOK 20.9M | NOK 18.6M | NOK 51.7M |
| Total debt | NOK 0 | NOK 0 | NOK 0 | NOK 200,000 | NOK 1.10M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CAMBI.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -6.6% | 4th highest of 21 |
| 6-month return | +7.1% | -16.0% | 3rd highest of 21 |
| Distance from 52-week high | -8.5% | -33.0% | 2nd highest of 21 |
| Revenue growth (TTM) | -9.5% | -2.0% | 7th lowest of 21 |
| Operating margin | 11.0% | 7.4% | 8th highest of 21 |
| Forward P/E | 44.3× | 13.4× | 2nd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 0.1% | -3.6% | 5th most demanding of 13 |
| Growth delivered (Del g) | +23.8% | +1.2% | highest of 13 |
| Hurdle (Req g minus delivered) | -23.7 pp | +1.3 pp | least demanding of 13 |
| ROIC minus cost of capital | +47.2 pp | -2.2 pp | highest of 21 |
| EV / EBITDA | 26.7× | 11.6× | 3rd most expensive of 11 |
| Net debt / EBITDA | -3.0× | 5.7× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cambi CAMBI.OL | Norway | $390M | +7% | -9% | 11% | 44.3× | 0.1% | +23.8% |
| Mo-BRUK MBR.WA | Poland | $365M | +15% | +29% | 35% | 14.7× | -6.8% | +12.4% |
| Tus Environmental Science & Technology Development 000826.SZ | China | $364M | -13% | -13% | -38% | n/a | -2.7% | -11.7% |
| Yonker Environmental Protection 300187.SZ | China | $428M | -22% | +5% | 11% | n/a | 9.0% | +1.5% |
| China Everbright Water U9E.SI | Singapore | $462M | -13% | -33% | 34% | n/a | -1.4% | -1.7% |
| SIIC Environment BHK.SI | Singapore | $327M | -10% | -8% | 23% | n/a | n/a | n/a |
| WELLE 300190.SZ | China | $471M | -21% | -17% | -9% | 6.7× | -8.9% | -12.5% |
| BGT 300774.SZ | China | $475M | -52% | +3% | 4% | 9.9× | n/a | n/a |
| Enviro Infra Engineers EIEL.NS | India | $319M | -22% | +15% | 20% | 10.7× | n/a | n/a |
| Dongjiang Environmental 002672.SZ | China | $478M | -24% | -4% | -31% | n/a | 3.1% | +0.9% |
| Fujian Haixia Environmental Protection 603817.SS | China | $480M | -24% | -1% | 26% | 11.7× | n/a | n/a |
| Shanghai Conglin Environmental Protection Technology 688370.SS | China | $499M | -3% | -4% | 7% | 53.6× | n/a | n/a |
| Jinyuan EP 000546.SZ | China | $510M | -49% | +34% | -3% | n/a | n/a | n/a |
| Wuhan Sanzhen Industry 600168.SS | China | $539M | -13% | -3% | 8% | n/a | n/a | n/a |
| ECOVE Environment 6803.TWO | Taiwan | $545M | -12% | +6% | 18% | n/a | -4.5% | +11.4% |
| Zhejiang Feida Environmental Science & Technology 600526.SS | China | $596M | -18% | +3% | 7% | n/a | -5.3% | +9.5% |
| QiaoYin City Management 002973.SZ | China | $661M | -14% | -12% | 10% | 14.0× | 8.9% | +4.9% |
| Jiangxi JDL Environmental Protection 688057.SS | China | $662M | +28% | -22% | -6% | n/a | -5.3% | -19.8% |
| Seche Environnement SCHP.PA | France | $689M | -7% | +2% | 6% | 19.9× | 4.8% | +13.3% |
| China Resources and Environment 600217.SS | China | $719M | -24% | -19% | -8% | n/a | -13.6% | -2.2% |
| Shenzhen Lions King Hi-Tech 301305.SZ | China | $758M | -22% | +19% | 18% | 13.4× | n/a | n/a |