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Endur ASAENDUR.OLCompetitor analysis, valuation and peers

Norway · NOK·Industrials›Trucks/Construction/Farm Machinery
Momentum leader 80
Mkt cap
$696M
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$1.80M
20-day average traded
Fwd P/E
19.2×
forward earnings
ROIC−WACC
+0.8 pp
WACC 8.0%
Hurdle
-80 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · NOKNOK 126.60
1D-2.2%
1W+1.6%
1M+9.9%
3M+8.0%
6M+6.6%
YTD+39.6%
1Y+50.7%
ATR %2.5%
52w lowhigh4.0% off high

What Endur does

Employees: 1,113

Endur at a glance

Size Endur (ENDUR.OL) is a Norway Industrials company (Trucks/Construction/Farm Machinery) with a market value of $696M, the 74th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 126.60 on 6 Nov 2026.

Performance Over six months the shares gained 6.6%, against -17.0% for the median peer and +2.7% for the Norway market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 88.3% over the last twelve months (peer median +3.1%); the operating margin is 5.1% (peer median 3.5%).

Valuation It trades at 19.2× forward earnings against a peer median of 17.7× (5th most expensive of 11).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +89%, so the hurdle is -80 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.8 points above its cost of capital (8.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026ENDUR.OL 107Peer median 83
Six months, rebased to 100: Endur against the median of its 20 peers (local-currency closes).

Endur financials

Reported figures in NOK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNOK 7.64BNOK 6.40BNOK 2.77BNOK 1.96BNOK 2.49B
Revenue growth—+131%+41%-21%—
Gross profitNOK 375MNOK 303MNOK 127MNOK 69.0MNOK 78.0M
EBITDANOK 786MNOK 655MNOK 368MNOK 239MNOK 230M
Net incomeNOK 205MNOK 134MNOK 43.4M-NOK 27.0MNOK 9.10M
Free cash flowNOK 465MNOK 893MNOK 347MNOK 1.50MNOK 141M
Capital expenditureNOK 66.3MNOK 66.6MNOK 58.3MNOK 41.0MNOK 46.7M
Total debtNOK 1.59BNOK 1.56BNOK 987MNOK 1.01BNOK 903M

Quarterly statements and history in the cockpit →

Endur competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%-10%0%+10%300589AJAXENGG600495688226VBG-B6030126883090025262208600815688570BALUFORGE002480002111601177600984688569301048301260MTWENDUR.OL6-month return →1-month return →
Up and to the right = strong over both horizons. Endur is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%20×30×40×300589AJAXENGG688226VBG-B688570BALUFORGE002111688569301260ENDUR.OLRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Endur is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%AJAXENGG600495VBG-B603012688570002480002111600984688569ENDUR.OLGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Endur is the large dot.

Endur competitors and peer comparison

How Endur compares with its peers

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.

Endur against its 20 peers (data as of 6 Nov 2026)
MeasureENDUR.OLPeer medianRank in peer set
1-month return+9.9%-5.3%3rd highest of 21
6-month return+6.6%-17.0%highest of 21
Distance from 52-week high-4.0%-30.9%highest of 21
Revenue growth (TTM)+88.3%+3.1%highest of 21
Operating margin5.1%3.5%8th highest of 21
Forward P/E19.2×17.7×5th most expensive of 11
Growth the price implies (Req g, 7 yrs)8.8%9.6%7th least demanding of 13
Growth delivered (Del g)+88.7%+3.4%highest of 13
Hurdle (Req g minus delivered)-79.9 pp+4.3 ppleast demanding of 13
ROIC minus cost of capital+0.8 pp-3.6 pp5th highest of 21
EV / EBITDA9.5×14.7×2nd cheapest of 5
Net debt / EBITDA1.2×0.7×3rd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Endur ENDUR.OLNorway$696M+7%+88%5%19.2×8.8%+88.7%
Jianglong Shipbuilding 300589.SZChina$699M-25%-9%-12%42.5×n/an/a
Ajax Engineering AJAXENGG.NSIndia$676M+1%+1%12%24.3×25.4%+23.2%
Jinxi Axle 600495.SSChina$728M-6%+19%-1%n/a22.1%+2.6%
Wetown Electric 688226.SSChina$729M-55%+54%3%29.9×n/an/a
VBG VBG-B.STSweden$734M-16%+5%10%16.2×2.7%+11.4%
Shanghai Chuangli 603012.SSChina$738M-12%-17%5%n/a8.1%+2.8%
Niutech Technology 688309.SSChina$753M-10%+79%26%n/an/an/a
Shandong Mining Machinery 002526.SZChina$754M-15%-6%1%n/an/an/a
CSBC Corp. Taiwan 2208.TWTaiwan$642M-18%-15%-5%n/an/an/a
Xiamen XGMA Machinery 600815.SSChina$756M-36%+21%-21%n/an/an/a
Beijing Tianma Intelligent Control Technology 688570.SSChina$628M-22%-5%-1%44.5×14.1%+6.8%
Balu Forge Industries BALUFORGE.NSIndia$624M-10%+31%26%15.9×n/an/a
Chengdu Xinzhu Road & Bridge Machinery 002480.SZChina$620M-18%-21%-4%n/a12.5%-8.7%
Weihai Guangtai Airport Equipment 002111.SZChina$620M-29%+11%6%14.7×5.8%+2.4%
Hangzhou Advance Gearbox 601177.SSChina$786M-19%+1%4%n/a14.5%+4.6%
Shaanxi Construction Machinery 600984.SSChina$611M-24%-4%-61%n/a6.9%-8.6%
Beijing Tieke Shougang Railway-Tech 688569.SSChina$606M-5%+24%22%16.1×-2.0%+0.8%
Gemac Engineering Machinery 301048.SZChina$801M-8%+7%8%n/a4.1%+4.0%
Greenworks (Jiangsu) 301260.SZChina$804M-35%-1%-8%19.1×n/an/a
Manitowoc MTWUnited States$808M-3%+9%3%16.2×11.2%+9.2%

Questions

Which companies are Endur's closest peers?
The cockpit's peer set: Jianglong Shipbuilding (300589.SZ), Ajax Engineering (AJAXENGG.NS), Jinxi Axle (600495.SS), Wetown Electric (688226.SS), VBG (VBG-B.ST), Shanghai Chuangli (603012.SS), Niutech Technology (688309.SS), Shandong Mining Machinery (002526.SZ).
Is Endur expensive compared with its peers?
On forward p/e it trades at 19.2× against a peer median of 17.7×, 5th most expensive of 11 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +89%, so the hurdle is -80 pp: the price already allows for a slowdown.
How has Endur stock performed?
Over six months to 6 Nov 2026 the shares returned +6.6% against -17.0% for the median peer; over one year +50.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.