olivLaw · European equity research
Dellia Group Asa DELIA.OL
Norway · Euronext Oslo Børs · ISIN NO0013755728 · Vertical: Listed companies from Norway
At the close of 05 Nov 2026, Dellia Group Asa (DELIA.OL) stock was 17.10 NOK (−0.70% on the day), with market capitalisation 72.9 m NOK, P/E 1.5 on diluted EPS of 11.43 NOK over the last 12 months, beta 0.88, 52-week range 17.00–56.50 NOK.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 34.7
- weak (30–45)
- Bollinger (20, 2)
- 16.48 – 19.49
- in the lower half of the band · %B 0.21 · band width 16.8%
- SMA 50 / 200
- 20.07 / 34.41
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.83 / -0.89
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.3% | +0.4% | −9.7 pp | — |
| 3 months | −41.2% | −3.3% | −38.0 pp | — |
| 6 months | −64.4% | +4.0% | −68.3 pp | — |
| Year to date | −58.3% | +8.1% | −66.4 pp | — |
| 1 year | −39.3% | +10.7% | −50.0 pp | −4.5% |
| 3 years | unavailable | +50.1% | unavailable | +15.0% |
| 5 years | unavailable | +43.6% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 3.6, median 3.6, max 3.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | 266.0 m | 638.3 m |
| Revenue YoY | unavailable | +140.0% |
| Net income | 2.8 m | 49.2 m |
| Net income YoY | unavailable | +1,653.0% |
| Diluted EPS | 0.80 | 11.43 |
| Diluted EPS YoY | unavailable | +1,328.8% |
| net % | 1.1% | 7.7% |
| Free cash flow | -35.6 m | -35.9 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 263.7 m NOK
- Financial debt
- 106.1 m NOK
- Net debt
- -157.6 m NOK
- Equity
- 387.2 m NOK
- Total assets
- 597.4 m NOK
- Debt / equity
- 0.27x
- Current ratio
- 2.90x
- ROE
- 22.6%
- ROA
- 13.8%
- FCF margin
- -5.6%
Financial statements (source on every figure)
Revenue and net income (NOK)
Margins
Income statement · NOK
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Revenue | 266.0 m | 638.3 m | esef· 21 Oct 2026verified |
| Operating income | 12.6 m | 74.5 m | esef· 21 Oct 2026verified |
| Depreciation & amortisation | 1.4 m | 2.6 m | esef· 21 Oct 2026verified |
| EBITDA | 14.1 m ≈ | 77.1 m ≈ | esef· 21 Oct 2026derived |
| Interest expense | 5.3 m | 15.9 m | esef· 21 Oct 2026verified |
| Pre-tax income | 9.0 m | 64.1 m | esef· 21 Oct 2026verified |
| Income tax | 2.2 m | 14.9 m | esef· 21 Oct 2026verified |
| Net income | 2.8 m | 49.2 m | esef· 21 Oct 2026verified |
| Diluted EPS | 0.80 | 11.43 | esef· 21 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · NOK
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 7.4 m | 263.7 m | esef· 21 Oct 2026verified |
| Current assets | 110.2 m | 580.5 m | esef· 21 Oct 2026verified |
| Property, plant & equipment, net | 848.0 k | 5.5 m | esef· 21 Oct 2026verified |
| Total assets | 115.6 m | 597.4 m | esef· 21 Oct 2026verified |
| Short-term debt | 22.6 m | 105.9 m | esef· 21 Oct 2026verified |
| Long-term debt | 380.0 k | 242.0 k | esef· 21 Oct 2026verified |
| Current liabilities | 65.2 m | 200.4 m | esef· 21 Oct 2026verified |
| Total liabilities | 67.0 m | 210.2 m | esef· 21 Oct 2026verified |
| Equity | 48.6 m | 387.2 m | esef· 21 Oct 2026verified |
| Shares outstanding at year end | 3.5 m | 4.3 m | esef· 21 Oct 2026derived |
Cash flow · NOK
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | -35.0 m | -31.2 m | esef· 21 Oct 2026verified |
| Capex | 613.0 k | 4.6 m | esef· 21 Oct 2026verified |
| Free cash flow | -35.6 m ≈ | -35.9 m ≈ | esef· 21 Oct 2026derived |
| Investing cash flow | 647.0 k | -4.0 m | esef· 21 Oct 2026verified |
| Financing cash flow | 11.5 m | 291.8 m | esef· 21 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 71 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 72.9 m NOK
Key indicators
Coverage and freshness
Score by group
- Balance sheet85
- Valuation70
- Quality61
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 71/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 38.9% | 95 (vs peers) | 14% |
| Net margin · Quality | 7.7% | 63 (vs peers) | 9% |
| FCF conversion · Quality | -72.9% | 0 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -2.0x | 100 (vs peers) | 14% |
| Interest coverage · Balance sheet | 4.7x | 49 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 2.9x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 1.5x | 95 (vs peers) | 14% |
| EV/EBITDA · Valuation | -1.1x | 100 (vs peers) | 14% |
| FCF yield · Valuation | -49.2% | 0 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet85/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality61/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation70/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
DELLIA GROUP ASA (DELIA.OL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 638.3 m NOK in 2025; YoY growth 140.0%; net margin 7.7%; ROE 22.6%; net debt/EBITDA -2.0x.
The estimated value range is 152.43–291.34 NOK per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 214.95 NOK, the price of 17.10 NOK leaves a potential of 1,157.0% (value / price − 1) and a margin of safety of 92.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 71/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 38.9%
- Net debt / EBITDA: -2.0x
- Current ratio: 2.9x
- P/E (TTM): 1.5x
- EV/EBITDA: -1.1x
- The price is below the estimated value range
What contradicts it
- FCF conversion: -72.9%
- FCF yield: -49.2%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 80.8 bn | 20.6 | 7.9% | 21.4% | +42.5% | +38% / +61% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +9% / +70% |
| ELK.OLElkem Asa | 19.0 bn | 38.9 | 1.9% | 2.7% | −15.7% | +8% / +71% |
| ATEA.OLAtea Asa | 18.7 bn | 21.7 | 19.7% | 2.3% | +8.1% | +13% / +38% |
| AKSO.OLAker Solutions Asa | 17.9 bn | 7.0 | 22.5% | 4.1% | +19.2% | +21% / −10% |
| AUSS.OLAustevoll Seafood Asa | 16.7 bn | 37.2 | 1.6% | 1.1% | +11.1% | −6% / +11% |
| BRG.OLBorregaard Asa | 15.5 bn | 24.9 | 11.4% | 8.0% | +1.3% | −18% / −10% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +30% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| AKVA.OLAkva Group Asa | 5.8 bn | 31.3 | 13.7% | 4.2% | +24.4% | +74% / +153% |
| BOUV.OLBouvet Asa | 5.1 bn | 14.4 | 80.7% | 9.2% | −0.2% | −18% / −14% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 62.0 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.7 bn | 10.8 | 34.9% | 16.8% | +12.4% | −12% / +22% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −17% / −9% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.3 bn | 10.3 | 30.1% | 16.1% | +32.3% | −54% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 110.5 | 2.9% | 8.6% | +7.9% | −7% / −47% |
| CAPSL.OLCapsol Technologies Asa | 868.8 m | — | -89.4% | -114.8% | −25.0% | −34% / −67% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 227.8 m | 4.6 | 22.1% | 9.3% | +15.7% | −35% / −56% |
| DELIA.OLDellia Group Asa | 72.9 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.2 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
| AGLX.OLAgilyx Asa | — | — | -182.4% | -12,189.3% | +20.3% | −41% / −41% |
1- and 3-year price returns: for DELIA.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (NOK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 11.28 Total return -34% · Per year -34% | 19.85 Total return 16% · Per year 16% | 29.78 Total return 74% · Per year 74% |
| 3 years | 13.38 Total return -22% · Per year -8% | 26.26 Total return 54% · Per year 15% | 42.89 Total return 151% · Per year 36% |
| 5 years | 15.87 Total return -7% · Per year -1% | 34.73 Total return 103% · Per year 15% | 61.75 Total return 261% · Per year 29% |
- Exit P/E± 6.56
- Net margin± 4.60
- Annual revenue growth± 3.43
- Annual dilution± 0.39
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202521 Oct 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.