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Employees: 3,731
Size Multiconsult (MULTI.OL) is a Norway Industrials company (Engineering & Construction) with a market value of $390M, the 102nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 130.80 on 6 Nov 2026.
Performance Over six months the shares fell 17.1%, against -11.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 7th lowest of 19 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +1.2%); the operating margin is 5.0% (peer median 4.3%).
Valuation It trades at 14.3× forward earnings against a peer median of 14.3× (4th cheapest of 7).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.4 points above its cost of capital (5.6% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 6.82B | NOK 6.63B | NOK 6.35B | NOK 5.63B | NOK 4.87B |
| Revenue growth | — | +4% | +13% | +16% | — |
| Gross profit | NOK 1.07B | NOK 1.10B | NOK 1.16B | NOK 1.00B | NOK 931M |
| EBITDA | NOK 607M | NOK 645M | NOK 763M | NOK 653M | NOK 608M |
| Net income | NOK 219M | NOK 253M | NOK 416M | NOK 318M | NOK 303M |
| Free cash flow | NOK 509M | NOK 133M | NOK 540M | NOK 300M | NOK 507M |
| Capital expenditure | NOK 60.1M | NOK 79.2M | NOK 96.0M | NOK 101M | NOK 43.2M |
| Total debt | NOK 1.51B | NOK 1.54B | NOK 1.00B | NOK 1.25B | NOK 765M |
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 | MULTI.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -5.9% | 6th highest of 20 |
| 6-month return | -17.1% | -11.1% | 7th lowest of 19 |
| Distance from 52-week high | -28.3% | -32.8% | 9th highest of 21 |
| Revenue growth (TTM) | +4.0% | +1.2% | 8th highest of 19 |
| Operating margin | 5.0% | 4.3% | 10th highest of 19 |
| Forward P/E | 14.3× | 14.3× | 4th cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | -5.8% | -2.8% | 4th least demanding of 9 |
| Growth delivered (Del g) | +9.6% | +11.3% | 5th highest of 9 |
| Hurdle (Req g minus delivered) | -15.5 pp | -9.4 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +4.4 pp | -2.1 pp | 2nd highest of 18 |
| EV / EBITDA | 8.4× | 6.7× | 3rd most expensive of 8 |
| Net debt / EBITDA | 2.4× | 0.4× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Multiconsult MULTI.OL | Norway | $390M | -17% | +4% | 5% | 14.3× | -5.8% | +9.6% |
| Steady Energy STEADY.HE | Finland | $388M | n/a | n/a | n/a | n/a | n/a | n/a |
| Superland 0368.HK | Hong Kong | $392M | +405% | -6% | 6% | n/a | n/a | n/a |
| Hangzhou Freely Communication 603602.SS | China | $386M | -14% | +11% | -6% | n/a | -14.4% | +18.7% |
| Nichireki 5011.T | Japan | $394M | 0% | +1% | 8% | 13.2× | n/a | n/a |
| Shape Australia SHA.AX | Australia | $395M | -14% | +30% | 3% | 13.2× | -1.0% | +16.6% |
| Phoenix Asia PHOE | United States | $395M | +18% | -2% | -17% | n/a | n/a | n/a |
| Chengdu Expressway 1785.HK | Hong Kong | $395M | -8% | +2% | 27% | n/a | n/a | n/a |
| Da Yi Cheng Technology 7951.TWO | Taiwan | $398M | n/a | n/a | n/a | n/a | n/a | n/a |
| Tekken 1815.T | Japan | $381M | -2% | -5% | 3% | n/a | n/a | n/a |
| Daiichi Kensetsu 1799.T | Japan | $401M | -16% | +15% | 10% | n/a | -6.4% | +1.8% |
| YCIC Eco-Technology 002200.SZ | China | $401M | -22% | +41% | 0% | n/a | 34.5% | +14.0% |
| Trevi Finanziaria Industriale TFIN.MI | Italy | $378M | +68% | -6% | 10% | 53.9× | -2.8% | +6.0% |
| Mitsubishi Kakoki Kaisha,Ltd 6331.T | Japan | $376M | -20% | +25% | 11% | 8.2× | n/a | n/a |
| Anhui Gourgen Traffic Construction 603815.SS | China | $404M | -40% | -32% | -29% | n/a | n/a | n/a |
| Zhong Fu Tong 300560.SZ | China | $405M | -18% | +15% | -1% | n/a | n/a | n/a |
| Daiho 1822.T | Japan | $405M | +2% | +1% | 5% | 15.5× | -12.7% | -2.9% |
| Ahluwalia Contracts (India) AHLUCONT.NS | India | $375M | -38% | +12% | 6% | 15.4× | 23.4% | +18.2% |
| Tomoe 1921.T | Japan | $408M | -5% | +3% | 14% | n/a | -2.9% | +8.5% |
| Shanxi Installation 2520.HK | Hong Kong | $408M | +25% | -16% | 3% | n/a | n/a | n/a |
| Fujian Tendering 301136.SZ | China | $409M | -39% | -5% | -4% | n/a | n/a | n/a |