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Norwegian producer and distributor of nitrogen-based fertilizers and industrial chemicals worldwide.
Norwegian producer and distributor of nitrogen-based fertilizers and industrial chemicals worldwide.
Sells fertilizers to farmers and distributors in many countries, and the price it can get moves with crop prices and with competitors' gas costs, since gas is the main raw material for ammonia. It was demerged from Norsk Hydro in 2004, and the Norwegian state remains its largest shareholder.
In one line: A Norwegian CF Industries/Nutrien.
Moat: narrow (scale, distribution, cost advantage). Global production/distribution footprint and access to gas feedstock give scale cost advantages.
Headquarters: Oslo, Norway · Founded: 1905 · Employees: 15,702
Size Yara International (YAR.OL) is a Norway Materials company (Chemicals: Agricultural) with a market value of $11.0B, the 10th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 401.00 on 6 Nov 2026.
Performance Over six months the shares fell 25.6%, against -8.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 3rd lowest of 11 in its peer set.
Growth Revenue grew 2.4% over the last twelve months (peer median +9.1%); the operating margin is 12.8% (peer median 13.8%).
Valuation It trades at 8.2× forward earnings against a peer median of 13.6× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points above its cost of capital (8.4% WACC).
Credit Yara International has 3 bonds outstanding ($2.35B), rated BBB by the agencies and trading like BBB at a weighted spread of 94 bp.
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 164B | NOK 162B | NOK 149B | NOK 164B | NOK 230B |
| Revenue growth | — | +9% | -9% | -29% | — |
| Gross profit | NOK 21.9B | NOK 20.4B | NOK 12.3B | NOK 10.6B | NOK 41.4B |
| EBITDA | NOK 32.1B | NOK 27.3B | NOK 18.8B | NOK 16.0B | NOK 45.0B |
| Net income | NOK 13.6B | NOK 14.2B | NOK 140M | NOK 507M | NOK 26.7B |
| Free cash flow | NOK 8.76B | NOK 9.91B | NOK 2.66B | NOK 12.2B | NOK 14.1B |
| Capital expenditure | NOK 9.77B | NOK 9.84B | NOK 11.7B | NOK 12.8B | NOK 9.22B |
| Total debt | NOK 36.7B | NOK 42.2B | NOK 46.0B | NOK 43.0B | NOK 41.6B |
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 |
|---|---|---|---|---|---|---|
| Yara International YAR.OL | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% |
| CF Industries CF | $18.1B | +4% | +20% | 41% | 9.8× | -11.8% |
| Nutrien NTR.TO | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% |
| Oci OCI.AS | $967M | +8% | -81% | -4% | n/a | n/a |
| Mosaic Company (The) MOS | $7.11B | +2% | 0% | 3% | 26.2× | 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 | YAR.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.7% | +3.1% | 3rd lowest of 11 |
| 6-month return | -25.6% | -8.0% | 3rd lowest of 11 |
| Distance from 52-week high | -33.1% | -29.5% | 4th lowest of 11 |
| Revenue growth (TTM) | +2.4% | +9.1% | 4th lowest of 11 |
| Operating margin | 12.8% | 13.8% | 5th lowest of 11 |
| Forward P/E | 8.2× | 13.6× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -6.9% | 3.5% | 2nd least demanding of 8 |
| Growth delivered (Del g) | +8.3% | +6.0% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -15.1 pp | -3.0 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | +5.5 pp | -0.9 pp | 4th highest of 11 |
| EV / EBITDA | 4.1× | 7.4× | cheapest of 8 |
| Net debt / EBITDA | 0.9× | 2.4× | 2nd least indebted of 9 |
| Bond spread | 94 bp | 122 bp | tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yara International YAR.OL | Norway | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% | +8.3% |
| Mosaic Company (The) MOS | United States | $7.11B | +2% | 0% | 3% | 26.2× | n/a | n/a |
| Qinghai Salt Lake Industry 000792.SZ | China | $17.8B | -41% | +48% | 57% | 9.9× | -2.7% | +2.0% |
| CF Industries CF | United States | $18.1B | +4% | +20% | 41% | 9.8× | -11.8% | +11.4% |
| ICL ICL | United States | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% | +7.2% |
| Fertilizers & Chemicals Travancore FACT.NS | India | $5.14B | -18% | +32% | 0% | n/a | n/a | n/a |
| UPL UPL.NS | India | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% | +6.0% |
| Dyno Nobel DNL.AX | Australia | $4.64B | +6% | -17% | 15% | 21.1× | n/a | n/a |
| Scotts Miracle-Gro SMG | United States | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% | -7.8% |
| Nutrien NTR.TO | Canada | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% | +6.0% |
| Jiangsu Yangnong Chemical 600486.SS | China | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% | +3.8% |
Yara International has 3 bonds outstanding with $2.35B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.49%, a spread of 94 bp over government bonds.