Download PDF

1. Company Snapshot

1.a. Company Description

Multiconsult ASA provides engineering design, consultancy, and architecture services in the Norway and internationally.It offers multidisciplinary consultancy, design, planning, project supervision and management, geotechnical site survey, verification and control, analysis and due diligence, environmental and HSE, hydrometry and hydrological field work, river basin management, green bond, and lenders advisory services.The company serves building and properties, cities and society, industry, oil and gas, renewable energy, rail and other transportation, and water and environment sectors.


Multiconsult ASA was founded in 1908 and is headquartered in Oslo, Norway.

Show Full description

1.b. Last Insights on MULTI

Multiconsult ASA's recent performance was hindered by a 17.2% decline in EBITDA for Q4 2024, despite a 6% increase in net operating revenue. The company's profitability was also impacted by a 6.8% EBITA margin for the quarter, down from 8.7% in the comparable period. Furthermore, the high activity level, while contributing to a 72.5% billing ratio, failed to offset the decline in profitability.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Multiconsult (OB:MULTI) Net Margin Drops to 5.4%, Challenging Bullish Growth Narratives

Nov -05

Source:

Card image cap

Multiconsult ASA (FRA:3MC) Q3 2025 Earnings Call Highlights: Navigating Growth Amidst Margin ...

Nov -04

Source:

Card image cap

Multiconsult ASA (STU:3MC) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...

Aug -20

Source:

Card image cap

Multiconsult second quarter and first half 2025 - a moderate second quarter, with increased M&A activity

Aug -19

Source:

Card image cap

Minutes of annual general meeting 2025

Apr -10

Source:

Card image cap

Multiconsult Annual Report 2024

Mar -18

Source:

Card image cap

Multiconsult ASA (FRA:3MC) Q4 2024 Earnings Call Highlights: Revenue Growth Amidst ...

Feb -12

Source:

Card image cap

Multiconsult fourth quarter and full year 2024 - high activity level

Feb -11

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.19%)

6. Segments

Buildings & Properties

Expected Growth: 5%

Multiconsult ASA's Buildings & Properties segment growth is driven by increasing demand for sustainable and energy-efficient buildings, government initiatives for urban development, and a growing need for renovation and refurbishment of existing infrastructure. Additionally, the company's expertise in project management and digitalization of construction processes contributes to its growth.

Mobility and Transportation

Expected Growth: 6%

Multiconsult ASA's Mobility and Transportation segment growth is driven by increasing demand for sustainable infrastructure, government investments in transportation projects, and rising adoption of electric and autonomous vehicles. Additionally, the need for efficient traffic management and smart transportation systems also contributes to the 6% growth.

Energy and Industry

Expected Growth: 5%

Multiconsult ASA's Energy and Industry segment growth is driven by increasing demand for renewable energy solutions, electrification of transportation, and digitalization of industrial processes. Government incentives and regulations supporting sustainable development also contribute to growth. Additionally, the company's expertise in energy efficiency and sustainable infrastructure development positions it for success in this growing market.

Water & Environment

Expected Growth: 4%

Multiconsult ASA's Water & Environment segment growth is driven by increasing demand for sustainable infrastructure, stringent environmental regulations, and rising investments in water management projects. Additionally, the growing need for climate change mitigation and adaptation measures, as well as the increasing focus on renewable energy, contribute to the segment's 4% growth.

7. Detailed Products

Building and Construction

Multiconsult ASA provides a range of services for building and construction projects, including design, engineering, and project management.

Transportation Infrastructure

Multiconsult ASA offers services for transportation infrastructure projects, including road, rail, and airport development.

Energy and Industry

Multiconsult ASA provides services for energy and industry projects, including power generation, transmission, and distribution.

Water and Environment

Multiconsult ASA offers services for water and environment projects, including water supply, wastewater treatment, and environmental consulting.

Urban Planning and Development

Multiconsult ASA provides services for urban planning and development projects, including master planning, urban design, and project management.

8. Multiconsult ASA's Porter Forces

Forces Ranking

Threat Of Substitutes

Multiconsult ASA operates in a niche market with limited substitutes, but there are some alternatives available to customers.

Bargaining Power Of Customers

Multiconsult ASA's customers have limited bargaining power due to the company's specialized services and lack of alternative providers.

Bargaining Power Of Suppliers

Multiconsult ASA's suppliers have moderate bargaining power due to the availability of alternative suppliers, but the company's large scale of operations gives it some negotiating power.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in Multiconsult ASA's niche market, including the need for specialized expertise and high capital expenditures.

Intensity Of Rivalry

The intensity of rivalry in Multiconsult ASA's market is high due to the presence of several established competitors and the need to constantly innovate and differentiate to maintain market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 38.41%
Debt Cost 6.45%
Equity Weight 61.59%
Equity Cost 9.09%
WACC 8.08%
Leverage 62.36%

11. Quality Control: Multiconsult ASA passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Multiconsult

A-Score: 6.5/10

Value: 5.6

Growth: 7.6

Quality: 5.8

Yield: 8.8

Momentum: 4.0

Volatility: 7.0

1-Year Total Return ->

View Full Report
Stock-Card
Bravida Holding

A-Score: 5.9/10

Value: 5.8

Growth: 5.8

Quality: 5.5

Yield: 5.6

Momentum: 7.5

Volatility: 5.0

1-Year Total Return ->

View Full Report
Stock-Card
Afry

A-Score: 5.1/10

Value: 6.2

Growth: 5.2

Quality: 5.2

Yield: 6.2

Momentum: 3.0

Volatility: 4.7

1-Year Total Return ->

View Full Report
Stock-Card
MT Højgaard Holding

A-Score: 5.0/10

Value: 6.6

Growth: 4.4

Quality: 5.2

Yield: 1.2

Momentum: 10.0

Volatility: 2.3

1-Year Total Return ->

View Full Report
Stock-Card
Costain

A-Score: 5.0/10

Value: 6.3

Growth: 4.4

Quality: 5.5

Yield: 2.5

Momentum: 8.0

Volatility: 3.0

1-Year Total Return ->

View Full Report
Stock-Card
Trakcja

A-Score: 4.5/10

Value: 8.0

Growth: 3.6

Quality: 4.6

Yield: 0.0

Momentum: 8.0

Volatility: 3.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

164.5$

Current Price

164.5$

Potential

-0.00%

Expected Cash-Flows