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Stock Comparison · Structural lead, mixed market

Brenntag vs Norsk Hydro A: Which Stock Looks Stronger in 2026?

Norsk Hydro ASA holds the cleaner structural position, with profitability as the main driver and stability adding further support. Brenntag SE does not offset that deficit through any equally strong structural edge elsewhere. The market setup is currently leaning toward Brenntag SE, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Norsk Hydro ASA, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-05

The lead is spread across profitability and stability, rather than sitting in one isolated gap. The overall score gap is 16 points in favour of Norsk Hydro ASA.

Trajectory Similarity
0.74
Similar
Peer-set rank: #45
within Brenntag SE's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

Most of the shared profile comes through margin trend and revenue stability.

Similarity drivers
margin trendrevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
BNR.DE
Brenntag SE
27
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
NHY.OL
Norsk Hydro ASA
43
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BNR.DE vs NHY.OL Profitability 7 39 Stability 47 64 Valuation 41 50 Growth 19 16 BNR.DE NHY.OL
Gap Ranking
#1 Profitability +32
#2 Stability +17
#3 Valuation +9
#4 Growth +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BNR.DE and NHY.OL Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BNR.DENHY.OL Relative valuation Structural strength

Norsk Hydro ASA looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where BNR.DE and NHY.OL each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY BNR.DE Lower · above norm 0th 50th 100th 66 pct gap NHY.OL Elevated · near norm 0th 50th 100th 28th 94th
Today BNR.DE sits in the lower-middle of its own 5-year history (28th percentile), while NHY.OL sits higher in its own history (94th). Within each stock's own 5-year context, BNR.DE is at a historically more favourable entry position than NHY.OL. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Neither side looks especially strong on profitability, though Norsk Hydro ASA still ranks somewhat higher.
Stability
Both rank well on stability, but Norsk Hydro ASA still sits higher.
Profitability — Dominant Gap
BNR.DE
7
NHY.OL
39
Gap+32in favour of NHY.OL

The profitability lead is mainly driven by a 15.6-point operating margin advantage.

What keeps the gap from being one-sided

Brenntag SE still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Profitability is the clearest driver, and stability also supports Norsk Hydro ASA's broader structural position.

Explore full peer positioning in AssetNext

Break down the BNR.DE vs NHY.OL comparison across all dimensions with the full interactive tool.

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Similar profitability-and-stability comparisons

Explore how BNR.DE and NHY.OL each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.