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Income Tax Expense for Nel ASA

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0E4Q: Nel ASA

Nel ASA, a hydrogen company, engages in the provision of solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates through its Nel Alkaline ...

2.49 NOK

Price

– NOK

Fair Value

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Upside

1.93 - 8.74

52-week range

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Analysis

Fiscal Years

Trailing Twelve Months

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The following section summarizes insights on Nel ASA's Income Tax Expense:

Performance Summary

Nel's latest twelve months income tax expense is -6.554 million
Nel's income tax expense for fiscal years ending December 2020 to 2024 averaged -12.777 million.
Nel's operated at median income tax expense of -15.828 million from fiscal years ending December 2020 to 2024.
Looking back at the last 5 years, Nel's income tax expense peaked in December 2024 at -6.554 million.
Nel's income tax expense hit its 5-year low in December 2021 of -16.984 million.
Nel's income tax expense decreased in 2020 (-16.357 million, +117.3%) and 2021 (-16.984 million, +3.8%) and increased in 2022 (-15.828 million, -6.8%), 2023 (-8.162 million, -48.4%), and 2024 (-6.554 million, -19.7%).

How does Nel's Income Tax Expense benchmark against competitors?

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We've identified the following companies as similar to Nel ASA because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Nel Income Tax Expense Benchmarks
Name	Ticker	Income Tax Expense
Nel ASA	LSE:0E4Q	-6.554 M
Plug Power Inc.	DB:PLUN	-2.593 M
Green Hydrogen Systems A/S	DB:3LUA	-737.359 K
HydrogenPro AS	OB:HYPRO	-
FuelCell Energy, Inc.	DB:FEY	24.117 K
Ballard Power Systems Inc	DB:PO0	116.801 K
ITM Power Plc	DB:IJ8	247.73 K
Otovo AS	OB:OTOVO	298 K
Zaptec AS	OB:ZAP	468 K
Industrials	SECTOR:IND.NO	1.001 M
Etman International ASA	OTCNO:ETMA	1.537 M
Siemens Energy AG	BRSE:ENR	544.3 M

Metric Usage: Income Tax Expense

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Metrics similar to Income Tax Expense in the financials category include:

Amortization of Intangible Assets - This item represents the amortization of intangible assets. The amortization returned by this data item reflects the amortization included in the depreciation and amortization used to calculate EBITDA.
Net Income (CF) - This item represents the net earnings for the given period, as reported by the companies following indirect method of calculating cash flows from operations. In cases where the companies follow direct method of cash flow, this line item will be picked from income statement.
Trading Asset Securities - This item represents both debt and equity securities, which reflect active and frequent buying and selling by the company with an intention to generate profits from short-term price movements. The main motto of investment is profit generation and not long-term holding or capital appreciation.
Other Unusual Items - This item represents the sum of all non-recurring income (expense) such as write off of inventories and note receivable, impairment of goodwill and any other special, unusual and one time income (expense).

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Income Tax Expense

The total amount of income tax expense for the given period.

Definition of Income Tax Expense

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Nel reported income tax expense of -6.554 M for the latest twelve months ending December 31, 2024 on its income statement.

The tables below summarizes Nel’s Income Tax Expense and common size over the last five years:

Fiscal Year	Income Tax Expense	Revenue	% Revenue
2020-12-31	-16.357 M	578.3 M	−2.8%
2021-12-31	-16.984 M	753.1 M	−2.3%
2022-12-31	-15.828 M	914.9 M	−1.7%
2023-12-31	-8.162 M	1.35 B	−0.6%
2024-12-31	-6.554 M	1.39 B	−0.5%

The tables below summarizes Nel’s Income Tax Expense and common size over the last four quarters:

Quarter Ending	Income Tax Expense	Revenue	% Revenue
2024-03-31	-2.032 M	276.3 M	−0.7%
2024-06-30	-2.07 M	332.1 M	−0.6%
2024-09-30	-1.326 M	365.9 M	−0.4%
2024-12-31	-1.126 M	415.6 M	−0.3%

Click the link below to download a spreadsheet with an example Income Tax Expense calculation for Nel ASA below:

Sector Benchmark Analysis

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The chart above depicts the distribution of income tax expense for companies operating in the Industrials sector in the Developed economic region. Over 3,260 companies were considered in this analysis, and 3,133 had meaningful values. The average income tax expense of companies in the sector is 300.8 M with a standard deviation of 730.6 M.

Nel ASA's Income Tax Expense of -6.554 M ranks in the 5.0% percentile for the sector. The following table provides additional summary stats:

Income Tax Expense In The Industrials Sector
Economic Risk Region	Developed
Total Constituents	3,263
Included Constituents	3,133
Min	-122.1 M
Max	6.35 B
Median	32.664 M
Mean	300.8 M
Standard Deviation	730.6 M

You can find companies with similar income tax expense using this stock screener.