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Employees: 2,013
Size Moreld (MORLD.OL) is a Norway Industrials company (Engineering & Construction) with a market value of $513M, the 89th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 26.50 on 6 Nov 2026.
Performance Over six months the shares gained 33.8%, against -19.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 23.1% over the last twelve months (peer median +2.0%); the operating margin is 3.0% (peer median 4.9%).
Valuation It trades at 13.9× forward earnings against a peer median of 13.4× (4th cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is -23%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points above its cost of capital (5.6% WACC).
Credit Moreld has 1 bond outstanding ($130M) and trading like B at a weighted spread of 600 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | NOK 8.16B | NOK 9.83B | NOK 7.12B |
| Revenue growth | — | +38% | — |
| Gross profit | NOK 656M | NOK 1.27B | NOK 859M |
| EBITDA | NOK 1.25B | NOK 2.33B | NOK 1.51B |
| Net income | NOK 99.8M | NOK 285M | -NOK 854M |
| Free cash flow | NOK 1.10B | NOK 1.39B | NOK 1.32B |
| Capital expenditure | NOK 73.0M | NOK 80.5M | NOK 63.5M |
| Total debt | NOK 3.09B | NOK 2.82B | NOK 3.56B |
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 | MORLD.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.2% | -11.1% | highest of 21 |
| 6-month return | +33.8% | -19.1% | 2nd highest of 21 |
| Distance from 52-week high | -0.9% | -36.1% | highest of 21 |
| Revenue growth (TTM) | -23.1% | +2.0% | 3rd lowest of 21 |
| Operating margin | 3.0% | 4.9% | 8th lowest of 21 |
| Forward P/E | 13.9× | 13.4× | 4th cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 0.6% | -2.5% | 5th most demanding of 12 |
| Growth delivered (Del g) | -23.1% | +9.2% | lowest of 11 |
| Hurdle (Req g minus delivered) | +23.7 pp | -9.9 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | +1.9 pp | -1.7 pp | 8th highest of 21 |
| EV / EBITDA | 5.4× | 8.8× | 3rd cheapest of 11 |
| Net debt / EBITDA | 1.6× | -1.5× | 6th most indebted of 14 |
| Bond spread | 600 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Moreld MORLD.OL | Norway | $513M | +34% | -23% | 3% | 13.9× | 0.6% | -23.1% |
| Continental 3703.TW | Taiwan | $509M | 0% | +7% | 6% | n/a | 0.0% | +9.7% |
| Dayu Irrigation 300021.SZ | China | $506M | -26% | -15% | 4% | 12.8× | n/a | n/a |
| Zhejiang Reclaim Construction 002586.SZ | China | $523M | -36% | -24% | -3% | n/a | n/a | n/a |
| Hindustan Construction HCC.NS | India | $500M | -26% | -21% | 12% | 15.0× | n/a | n/a |
| Super Telecom 603322.SS | China | $531M | -31% | -29% | -3% | n/a | 6.7% | +9.5% |
| Ebro EV Motors EBROM.MC | Spain | $532M | -2% | +336% | 0% | n/a | n/a | n/a |
| Jiu Han System Technology 6903.TWO | Taiwan | $494M | -40% | +196% | 27% | 6.7× | -3.0% | +11.0% |
| Longjian Road & Bridge 600853.SS | China | $532M | -12% | -10% | 5% | n/a | 5.9% | +8.3% |
| Shanghai Yanhua Smartech 002178.SZ | China | $492M | -21% | -22% | -5% | n/a | n/a | n/a |
| Lycopodium LYL.AX | Australia | $536M | +51% | +12% | 12% | 13.9× | -2.5% | +18.8% |
| Guangdong Provincial Academy of Building Research 301632.SZ | China | $537M | -43% | +13% | 7% | n/a | n/a | n/a |
| Asahi Kogyosha 1975.T | Japan | $537M | -15% | +17% | 11% | n/a | -3.1% | +8.3% |
| Shenzhen Strongteam Decoration Engineering 002989.SZ | China | $540M | -39% | +2% | -29% | n/a | n/a | n/a |
| PRAJ Industries PRAJIND.NS | India | $486M | -38% | +2% | 2% | 35.5× | 49.1% | +19.4% |
| Fukuda 1899.T | Japan | $483M | +10% | +6% | 6% | n/a | -19.9% | -2.0% |
| BES Engineering 2515.TW | Taiwan | $546M | -14% | +1% | 5% | 8.4× | 12.2% | +9.0% |
| Hwang Chang General Contractor 2543.TW | Taiwan | $480M | -32% | +31% | 14% | n/a | n/a | n/a |
| Capital Infra Trust CAPINVIT.NS | India | $548M | +13% | +421% | 55% | n/a | -4.0% | n/a |
| Shenzhen Glory Medical 002551.SZ | China | $479M | -17% | -3% | -17% | n/a | n/a | n/a |
| TOA ROAD 1882.T | Japan | $479M | -4% | -4% | 5% | n/a | -8.4% | +1.6% |
Moreld has 1 bond outstanding with $130M face value. Weighted yield 10.59%, a spread of 600 bp over government bonds.