Loading…
World's leading maker of reverse vending machines for bottle/can deposit-return recycling and sensor-based sorting technology.
World's leading maker of reverse vending machines for bottle/can deposit-return recycling and sensor-based sorting technology.
Machines are installed by retailers in places with bottle and can deposit laws, sold once and then serviced under recurring contracts. Sorting equipment is sold to recyclers and food processors as capital equipment. Regulation is the driver: each new deposit scheme opens a market.
In one line: World's leading maker of reverse vending machines for bottle/can recycling.
Moat: wide (installed base, IP / patents, scale). Dominant global installed base and decades of sensor/sorting patents in a niche created by deposit-return laws.
Headquarters: Asker, Norway · Founded: 1972 · Employees: 5,421
Size TOMRA Systems (TOM.OL) is a Norway Industrials company (Miscellaneous Manufacturing) with a market value of $3.17B, the 30th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 99.60 on 6 Nov 2026.
Performance Over six months the shares gained 6.1%, against -11.3% for the median peer and +2.7% for the Norway market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 6.9% over the last twelve months (peer median +9.4%); the operating margin is 11.4% (peer median 13.1%).
Valuation It trades at 31.8× forward earnings against a peer median of 19.3× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +0 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 2.6 points above its cost of capital (8.1% WACC).
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 16.7B | NOK 15.4B | NOK 15.7B | NOK 14.8B | NOK 12.2B |
| Revenue growth | — | -1% | +6% | +21% | — |
| Gross profit | NOK 1.91B | NOK 1.88B | NOK 1.94B | NOK 1.33B | NOK 1.51B |
| EBITDA | NOK 3.39B | NOK 2.93B | NOK 2.87B | NOK 2.20B | NOK 2.30B |
| Net income | NOK 1.06B | NOK 1.09B | NOK 1.09B | NOK 697M | NOK 1.03B |
| Free cash flow | NOK 1.41B | NOK 323M | NOK 1.22B | NOK 395M | NOK 289M |
| Capital expenditure | NOK 1.06B | NOK 1.54B | NOK 1.38B | NOK 1.07B | NOK 831M |
| Total debt | NOK 7.14B | NOK 7.98B | NOK 6.13B | NOK 4.75B | NOK 3.47B |
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 |
|---|---|---|---|---|---|---|
| TOMRA Systems TOM.OL | $3.17B | +6% | +7% | 11% | 31.8× | 9.5% |
| Envipco ENVI.AS | n/a | -22% | n/a | n/a | n/a | n/a |
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 | TOM.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | -4.1% | 4th highest of 21 |
| 6-month return | +6.1% | -11.3% | 5th highest of 21 |
| Distance from 52-week high | -28.6% | -28.4% | 11th highest of 21 |
| Revenue growth (TTM) | +6.9% | +9.4% | 10th lowest of 21 |
| Operating margin | 11.4% | 13.1% | 8th lowest of 21 |
| Forward P/E | 31.8× | 19.3× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | 10.0% | 9th least demanding of 20 |
| Growth delivered (Del g) | +9.2% | +7.7% | 8th highest of 20 |
| Hurdle (Req g minus delivered) | +0.3 pp | +3.5 pp | 9th least demanding of 20 |
| ROIC minus cost of capital | +2.6 pp | +3.6 pp | 10th lowest of 21 |
| EV / EBITDA | 10.7× | 11.7× | 7th cheapest of 14 |
| Net debt / EBITDA | 1.9× | 0.7× | 4th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TOMRA Systems TOM.OL | Norway | $3.17B | +6% | +7% | 11% | 31.8× | 9.5% | +9.2% |
| Kurita Water Industries 6370.T | Japan | $3.47B | -39% | +1% | 14% | 11.3× | 5.6% | +8.5% |
| Hill & Smith HILS.L | United Kingdom | $2.88B | +10% | +3% | 16% | 19.5× | 19.4% | +5.6% |
| Astral ASTRAL.NS | India | $3.57B | -20% | +17% | 12% | 46.8× | 32.5% | +15.6% |
| Brady BRC | United States | $3.69B | 0% | +10% | 16% | 12.0× | 1.0% | +7.7% |
| Daetwyler DAE.SW | Switzerland | $2.72B | -21% | +2% | 10% | 24.7× | 9.3% | +6.0% |
| Hanshow Technology 301275.SZ | China | $2.68B | -5% | +42% | 13% | 27.7× | 10.0% | +13.6% |
| Supreme Industries SUPREMEIND.NS | India | $4.24B | -14% | +17% | 10% | 33.6× | 25.8% | +12.1% |
| Ansell ANN.AX | Australia | $4.42B | +79% | +2% | 15% | 19.2× | 10.3% | +3.0% |
| Zhejiang Weixing New Building Materials 002372.SZ | China | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% | +1.1% |
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Armstrong World Industries AWI | United States | $7.16B | +6% | +9% | 19% | 18.6× | 16.2% | +11.6% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% | -3.5% |