Is NYSE:EQNR a Good Fit for Dividend Investing?

EQUINOR ASA-SPON ADR (NYSE:EQNR) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:EQNR demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

How do we evaluate the Dividend for NYSE:EQNR?

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:EQNR scores a 7 out of 10:

• EQNR has a Yearly Dividend Yield of 6.85%, which is a nice return.
• Compared to an average industry Dividend Yield of 6.78, EQNR pays a bit more dividend than its industry peers.
• EQNR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.72.
• The dividend of EQNR is nicely growing with an annual growth rate of 29.97%!
• EQNR has paid a dividend for at least 10 years, which is a reliable track record.
• 37.70% of the earnings are spent on dividend by EQNR. This is a low number and sustainable payout ratio.

Exploring NYSE:EQNR's Health

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:EQNR has received a 7 out of 10:

• EQNR has an Altman-Z score of 3.84. This indicates that EQNR is financially healthy and has little risk of bankruptcy at the moment.
• The Altman-Z score of EQNR (3.84) is better than 77.06% of its industry peers.
• The Debt to FCF ratio of EQNR is 1.70, which is an excellent value as it means it would take EQNR, only 1.70 years of fcf income to pay off all of its debts.
• EQNR has a Debt to FCF ratio of 1.70. This is in the better half of the industry: EQNR outperforms 72.48% of its industry peers.
• A Debt/Equity ratio of 0.50 indicates that EQNR is not too dependend on debt financing.
• EQNR has a better Current ratio (1.84) than 73.85% of its industry peers.
• Looking at the Quick ratio, with a value of 1.73, EQNR is in the better half of the industry, outperforming 74.31% of the companies in the same industry.

Profitability Assessment of NYSE:EQNR

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:EQNR scores a 7 out of 10:

• EQNR has a Return On Assets of 17.18%. This is in the better half of the industry: EQNR outperforms 71.10% of its industry peers.
• With an excellent Return On Equity value of 48.40%, EQNR belongs to the best of the industry, outperforming 84.86% of the companies in the same industry.
• The Return On Invested Capital of EQNR (43.91%) is better than 94.95% of its industry peers.
• The 3 year average ROIC (26.14%) for EQNR is below the current ROIC(43.91%), indicating increased profibility in the last year.
• In the last couple of years the Profit Margin of EQNR has grown nicely.
• With a decent Operating Margin value of 46.31%, EQNR is doing good in the industry, outperforming 76.61% of the companies in the same industry.
• In the last couple of years the Operating Margin of EQNR has grown nicely.
• In the last couple of years the Gross Margin of EQNR has grown nicely.

More Best Dividend stocks can be found in our Best Dividend screener.

Our latest full fundamental report of EQNR contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.