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Size Cloudberry Clean Energy (CLOUD.OL) is a Norway Industrials company (Engineering & Construction) with a market value of $645M, the 76th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 13.00 on 6 Nov 2026.
Performance Over six months the shares gained 1.6%, against -17.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 78.7% over the last twelve months (peer median +7.3%); the operating margin is 13.8% (peer median 8.8%).
Valuation It trades at 14.4× forward earnings against a peer median of 11.8× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 42% a year for seven years (Req g). Recent delivered growth is +169%, so the hurdle is -127 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.1 points below its cost of capital (7.9% WACC).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 686M | NOK 511M | NOK 382M | NOK 333M | NOK 208M |
| Revenue growth | — | +34% | +15% | +60% | — |
| Gross profit | NOK 166M | -NOK 49.0M | NOK 37.0M | NOK 42.0M | NOK 46.0M |
| EBITDA | NOK 317M | NOK 211M | NOK 91.0M | NOK 68.0M | NOK 22.0M |
| Net income | NOK 180M | NOK 61.0M | NOK 96.0M | NOK 272M | NOK 118M |
| Free cash flow | NOK 188M | NOK 102M | -NOK 53.0M | -NOK 266M | -NOK 242M |
| Capital expenditure | NOK 215M | NOK 219M | NOK 276M | NOK 535M | NOK 304M |
| Total debt | NOK 3.71B | NOK 3.34B | NOK 1.99B | NOK 1.62B | NOK 382M |
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 | CLOUD.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | -6.7% | 2nd highest of 21 |
| 6-month return | +1.6% | -17.0% | 7th highest of 21 |
| Distance from 52-week high | -5.7% | -32.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +78.7% | +7.3% | 3rd highest of 21 |
| Operating margin | 13.8% | 8.8% | 5th highest of 21 |
| Forward P/E | 14.4× | 11.8× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 41.7% | -0.2% | most demanding of 16 |
| Growth delivered (Del g) | +168.9% | +4.1% | highest of 16 |
| Hurdle (Req g minus delivered) | -127.2 pp | -8.6 pp | least demanding of 16 |
| ROIC minus cost of capital | -7.1 pp | +2.1 pp | 2nd lowest of 21 |
| EV / EBITDA | 33.9× | 6.9× | most expensive of 14 |
| Net debt / EBITDA | 9.4× | -0.5× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 14.4× | 41.7% | +168.9% |
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | n/a | -11.0% | +12.5% |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 16.4× | 7.6% | +4.1% |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | n/a | n/a | n/a |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 11.8× | -2.0% | -1.0% |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | n/a | 24.9% | -33.5% |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 17.2× | -3.5% | +8.4% |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 9.3× | -11.4% | -1.9% |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | n/a | 13.4% | +9.6% |
| Transrail Lighting TRANSRAILL.NS | India | $628M | -25% | +14% | 11% | 10.5× | 5.9% | +25.9% |
| Limbach LMB | United States | $627M | -36% | +21% | 6% | 11.7× | 12.6% | +2.6% |
| Chong Hong Development 5534.TW | Taiwan | $625M | -16% | -18% | 24% | 2.8× | n/a | n/a |
| CTI Engineering 9621.T | Japan | $619M | +22% | +8% | 9% | 12.0× | -9.0% | +9.2% |
| Beijing SPC Environment Protection Tech 002573.SZ | China | $619M | -22% | +1% | -2% | n/a | 5.2% | +13.7% |
| Yokogawa Bridge 5911.T | Japan | $679M | -6% | +4% | 8% | 12.9× | -12.8% | +1.1% |
| Global Chinese Business Club 1757.HK | Hong Kong | $610M | -78% | +121% | 1% | n/a | n/a | n/a |
| Yondenko 1939.T | Japan | $685M | +10% | +7% | 11% | n/a | 1.1% | +2.1% |
| Dilip Buildcon DBL.NS | India | $688M | -17% | -19% | 16% | 25.7× | n/a | n/a |
| Cardinal Infrastructure CDNL | United States | $691M | -73% | +90% | 8% | 6.8× | n/a | n/a |
| Da-Cin Construction 2535.TW | Taiwan | $693M | +23% | +36% | 8% | n/a | -10.6% | +7.9% |
| Zhejiang Yasha Decoration 002375.SZ | China | $695M | -16% | -25% | 6% | n/a | -0.2% | -3.3% |