Elkem Overview

  • Year Founded
  • 1904

Year Founded

  • Status
  • Public

  • Employees
  • 7,372


  • Stock Symbol
  • ELK

Stock Symbol

  • Investments
  • 17

  • Share Price
  • $1.61
  • (As of Wednesday Closing)

Elkem General Information


Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.

Contact Information

Ownership Status
Publicly Held
Financing Status
Private Equity-Backed
Primary Industry
Specialty Chemicals
Other Industries
Other Commercial Products
Stock Exchange
Primary Office
  • Drammensveien 169
  • 0277 Oslo
  • Norway

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Elkem Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$1.61 $1.58 $1.44 - $3.89 $1.02B 634M 1.3M $0.22

Elkem Financials Summary

In Thousands,
TTM 30-Sep-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020
EV 2,095,273 2,578,252 2,810,662 2,898,384
Revenue 3,497,987 4,658,204 3,836,146 2,539,143
EBITDA 522,428 1,498,100 913,147 243,695
Net Income 136,689 989,317 536,641 25,257
Total Assets 4,680,956 5,385,377 4,744,242 3,618,222
Total Debt 1,469,437 1,252,653 1,414,430 1,351,210
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Elkem Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Elkem Comparisons

HQ Location
Total Raised
Post Valuation
Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicone
Specialty Chemicals
Oslo, Norway
7,372 As of 2022
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Midland, MI
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Heysham, United Kingdom
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Elkem Competitors (4)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Dow Corporate Backed or Acquired Midland, MI 00000 00.00 000000000 00.00
0000 00000 Corporate Backed or Acquired Heysham, United Kingdom 000 000000&0
000000000 00000000 Private Equity-Backed Niskayuna, NY 0000 00.000 000000000 00 00.000
0000000000 Corporation London, United Kingdom 0000 00000 000000000 00000
To view Elkem’s complete competitors history, request access »

Elkem Patents

Elkem Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-2022250998-A1 Ferrosilicon vanadium and/or niobium alloy, production of a ferrosilicon vanadium and/or niobium alloy, and the use thereof Pending 30-Mar-2021 000000000
CA-3214635-A1 Ferrosilicon vanadium and/or niobium alloy, production of a ferrosilicon vanadium and/or niobium alloy, and the use thereof Pending 30-Mar-2021 000000000
AU-2019388208-A1 Mould powder and mould coating Active 29-Nov-2018 00000000
CA-3119978-A1 Mould powder and mould coating Pending 29-Nov-2018 00000000
EP-3887077-A1 Mould powder and mould coating Active 29-Nov-2018 B22F1/05
To view Elkem’s complete patent history, request access »

Elkem Executive Team (15)

Name Title Board Seat Contact Info
Helge Aasen Chief Executive Officer
Morten Viga Chief Financial Officer, Finance
Luiz Simao Senior Vice President Carbon Solutions
Morten Voll Senior Vice President for Strategy and Business Development.
Asbjørn Søvik Senior Vice President, Green Ventures & Digital
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Elkem Board Members (14)

Name Representing Role Since
00000 00ø000000000 Elkem Board Member 000 0000
00000 0000 Self Board Member 000 0000
0000000 00 Self Board Member 000 0000
00000000 000000000 Elkem Board Member 000 0000
00000000 0000000 Self Board Member 000 0000
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Elkem Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Elkem Investments & Acquisitions (17)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
VUM 31-May-2023 0000000000 Industrial Supplies and Parts 0000 0000
Cenate 05-Sep-2022 00000 0000 00.000 Other Materials
Keyvest Belgium 20-Jun-2022 0000000000 Other Metals, Minerals and Mining 0000 0000
Elkem Salten Energy Recovery Plant 01-Feb-2022 000000000 Buildings and Property 00000 000
Elkem (New Plant in Lyon France) 10-Feb-2021 Corporate Asset Purchase Buildings and Property 0000000 0
You’re viewing 5 of 17 investments and acquisitions. Get the full list »

Elkem Subsidiaries (3)

Company Name Industry Location Founded
Keyvest Belgium Other Metals, Minerals and Mining Liège, Belgium 2007
Tennant Metallurgical Distributors/Wholesale Chesterfield, United Kingdom 0000
VUM Industrial Supplies and Parts Ziar nad Hronom, Slovakia 0000
To view Elkem’s complete subsidiaries history, request access »

Elkem ESG

Risk Overview

Risk Rating

Updated April, 06, 2023

23.97 | Med Risk

Risk Scale

A lower score indicates better sustainability












Exposure refers to the extent to which a company is exposed to different material ESG issues



Management is related to actions taken to manage ESG issues


Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.


Covered Companies

00 of 15,708






00 of 566




Specialty Chemicals


00 of 142




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Elkem Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
REC Solar 13-May-2015 000000000000000000 00000 Completed
  • 00000
Sapa 01-Jan-2001 000000000000000000 Completed
  • 00000
Fesil 01-May-2000 PIPE Completed
To view Elkem’s complete exits history, request access »