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Norwegian branded consumer goods conglomerate selling food, snacks and personal-care products across the Nordics.
Norwegian branded consumer goods conglomerate selling food, snacks and personal-care products across the Nordics.
Sells everyday food, snacks and household and personal-care brands through grocery chains, many of them first or second in their small Nordic markets, which gives it leverage but also makes it depend on a few large retailers for shelf space. Its large holding in Jotun, the paint maker, is accounted as an associate, adding its share of Jotun's profits.
In one line: A Norwegian General Mills/Church & Dwight hybrid.
Moat: narrow (brand, distribution, scale). Portfolio of #1/#2 local Nordic food and household brands with strong retail distribution.
Headquarters: Oslo, Norway · Founded: 1654 · Employees: 18,616
Size Orkla (ORK.OL) is a Norway Consumer Staples company (Food: Specialty/Candy) with a market value of $10.8B, the 11th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 102.60 on 6 Nov 2026.
Performance Over six months the shares fell 6.4%, against +1.2% for the median peer and +2.7% for the Norway market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +6.7%); the operating margin is 10.5% (peer median 11.2%).
Valuation It trades at 15.5× forward earnings against a peer median of 18.0× (7th cheapest of 21).
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 +9%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points above its cost of capital (5.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 70.8B | NOK 71.5B | NOK 69.3B | NOK 67.8B | NOK 58.4B |
| Revenue growth | — | +3% | +2% | +16% | — |
| Gross profit | NOK 7.53B | NOK 17.1B | NOK 16.4B | NOK 15.8B | NOK 14.6B |
| EBITDA | NOK 10.1B | NOK 10.4B | NOK 9.79B | NOK 9.58B | NOK 9.67B |
| Net income | NOK 6.51B | NOK 6.53B | NOK 6.06B | NOK 5.20B | NOK 5.02B |
| Free cash flow | NOK 6.62B | NOK 6.72B | NOK 7.62B | NOK 4.33B | NOK 2.41B |
| Capital expenditure | NOK 2.76B | NOK 2.55B | NOK 2.03B | NOK 2.92B | NOK 2.82B |
| Total debt | NOK 22.7B | NOK 16.7B | NOK 18.5B | NOK 20.8B | NOK 19.1B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Orkla ORK.OL | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
| Unilever ULVR.L | $143B | +15% | -20% | 20% | 18.4× | 8.0% |
| Kraft Heinz KHC | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% |
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 | ORK.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.4% | +4.8% | 6th highest of 21 |
| 6-month return | -6.4% | +1.2% | 7th lowest of 21 |
| Distance from 52-week high | -21.8% | -16.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.4% | +6.7% | 4th lowest of 21 |
| Operating margin | 10.5% | 11.2% | 8th lowest of 21 |
| Forward P/E | 15.5× | 18.0× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.1% | 3.4% | 8th least demanding of 18 |
| Growth delivered (Del g) | +8.7% | +8.1% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -9.8 pp | -6.4 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +2.8 pp | +3.6 pp | 10th lowest of 21 |
| EV / EBITDA | 12.4× | 11.4× | 8th most expensive of 20 |
| Net debt / EBITDA | 2.1× | 1.1× | 8th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Orkla ORK.OL | Norway | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% | +8.7% |
| Kikkoman 2801.T | Japan | $10.9B | +24% | +9% | 11% | 24.8× | 8.8% | +11.2% |
| Tata Consumer Products TATACONSUM.NS | India | $11.4B | -6% | +15% | 11% | 55.5× | 42.8% | +11.8% |
| Britannia Industries BRITANNIA.NS | India | $12.1B | -18% | +7% | 17% | 41.7× | 28.9% | +7.8% |
| McCormick & MKC | United States | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% | +4.1% |
| J.M. Smucker Company (The) SJM | United States | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% | +2.5% |
| Barry Callebaut BARN.SW | Switzerland | $8.33B | +5% | +9% | 5% | 23.7× | -8.4% | +16.5% |
| Darling Ingredients DAR | United States | $7.92B | -20% | +16% | 9% | 7.3× | 9.0% | +11.4% |
| Lamb Weston LW | United States | $7.61B | +31% | +3% | 10% | 16.6× | 4.0% | +12.5% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Campbell's CPB | United States | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% | +2.8% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Ingredion INGR | United States | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% | +3.8% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |
| Chocoladefabriken Lindt & Spruengli LISN.SW | Switzerland | $24.6B | -8% | +4% | 16% | 28.2× | 3.4% | +8.1% |
| Ajinomoto 2802.T | Japan | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% | +8.1% |