BLUENORD ASA (BNOR.OL) Stock Fundamental Analysis

OSL:BNOR • NO0010379266

460.5 NOK
-7 (-1.5%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

BNOR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 77 industry peers in the Oil, Gas & Consumable Fuels industry. BNOR has only an average score on both its financial health and profitability. BNOR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year BNOR has reported negative net income.
  • BNOR had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: BNOR reported negative net income in multiple years.
  • BNOR had a positive operating cash flow in each of the past 5 years.
BNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFBNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.80%, BNOR is doing worse than 80.52% of the companies in the same industry.
  • With a Return On Equity value of -3.29%, BNOR is not doing good in the industry: 79.22% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 5.97%, BNOR is in line with its industry, outperforming 48.05% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BNOR is in line with the industry average of 8.82%.
Industry RankSector Rank
ROA -0.8%
ROE -3.29%
ROIC 5.97%
ROA(3y)0.08%
ROA(5y)-0.18%
ROE(3y)-0.58%
ROE(5y)-1.96%
ROIC(3y)9.38%
ROIC(5y)6.79%
BNOR.OL Yearly ROA, ROE, ROICBNOR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 -200 300

1.3 Margins

  • Looking at the Operating Margin, with a value of 27.67%, BNOR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BNOR has grown nicely.
  • Looking at the Gross Margin, with a value of 57.61%, BNOR is in the better half of the industry, outperforming 66.23% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BNOR has grown nicely.
Industry RankSector Rank
OM 27.67%
PM (TTM) N/A
GM 57.61%
OM growth 3Y7.98%
OM growth 5Y29.98%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.05%
GM growth 5Y2.78%
BNOR.OL Yearly Profit, Operating, Gross MarginsBNOR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2K -2K -4K

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5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BNOR is creating some value.
  • The number of shares outstanding for BNOR has been increased compared to 1 year ago.
  • Compared to 5 years ago, BNOR has more shares outstanding
  • Compared to 1 year ago, BNOR has a worse debt to assets ratio.
BNOR.OL Yearly Shares OutstandingBNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
BNOR.OL Yearly Total Debt VS Total AssetsBNOR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • BNOR has a debt to FCF ratio of 4.73. This is a neutral value as BNOR would need 4.73 years to pay back of all of its debts.
  • The Debt to FCF ratio of BNOR (4.73) is better than 64.94% of its industry peers.
  • A Debt/Equity ratio of 1.48 is on the high side and indicates that BNOR has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.48, BNOR is doing worse than 84.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 4.73
Altman-Z N/A
ROIC/WACC0.71
WACC8.42%
BNOR.OL Yearly LT Debt VS Equity VS FCFBNOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 3.36 indicates that BNOR has no problem at all paying its short term obligations.
  • BNOR's Current ratio of 3.36 is amongst the best of the industry. BNOR outperforms 90.91% of its industry peers.
  • BNOR has a Quick Ratio of 2.88. This indicates that BNOR is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of BNOR (2.88) is better than 89.61% of its industry peers.
Industry RankSector Rank
Current Ratio 3.36
Quick Ratio 2.88
BNOR.OL Yearly Current Assets VS Current LiabilitesBNOR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for BNOR have decreased strongly by -273.91% in the last year.
  • Looking at the last year, BNOR shows a very strong growth in Revenue. The Revenue has grown by 25.57%.
  • The Revenue has been growing by 16.10% on average over the past years. This is quite good.
EPS 1Y (TTM)-273.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.38%
Revenue 1Y (TTM)25.57%
Revenue growth 3Y7.52%
Revenue growth 5Y16.1%
Sales Q2Q%44.54%

3.2 Future

  • The Earnings Per Share is expected to grow by 30.91% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, BNOR will show a small growth in Revenue. The Revenue will grow by 5.68% on average per year.
EPS Next Y212.73%
EPS Next 2Y115.82%
EPS Next 3Y63.51%
EPS Next 5Y30.91%
Revenue Next Year41.51%
Revenue Next 2Y31%
Revenue Next 3Y17.54%
Revenue Next 5Y5.68%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BNOR.OL Yearly Revenue VS EstimatesBNOR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
BNOR.OL Yearly EPS VS EstimatesBNOR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 -10

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for BNOR. In the last year negative earnings were reported.
  • BNOR is valuated cheaply with a Price/Forward Earnings ratio of 6.51.
  • BNOR's Price/Forward Earnings ratio is rather cheap when compared to the industry. BNOR is cheaper than 96.10% of the companies in the same industry.
  • BNOR is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 6.51
BNOR.OL Price Earnings VS Forward Price EarningsBNOR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20 -30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BNOR indicates a somewhat cheap valuation: BNOR is cheaper than 71.43% of the companies listed in the same industry.
  • BNOR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BNOR is cheaper than 90.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.2
EV/EBITDA 4.98
BNOR.OL Per share dataBNOR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • BNOR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BNOR's earnings are expected to grow with 63.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y115.82%
EPS Next 3Y63.51%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for BNOR!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BLUENORD ASA

OSL:BNOR (2/20/2026, 7:00:00 PM)

460.5

-7 (-1.5%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-29
Earnings (Next)02-24
Inst Owners46.28%
Inst Owner ChangeN/A
Ins Owners1.13%
Ins Owner ChangeN/A
Market Cap12.20B
Revenue(TTM)870.20M
Net Income(TTM)-25.80M
Analysts78.57
Price Target550.97 (19.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-68.64%
Min EPS beat(2)-82.8%
Max EPS beat(2)-54.48%
EPS beat(4)0
Avg EPS beat(4)-156.12%
Min EPS beat(4)-415.9%
Max EPS beat(4)-54.48%
EPS beat(8)0
Avg EPS beat(8)-116.41%
EPS beat(12)3
Avg EPS beat(12)-76.25%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-7.48%
Min Revenue beat(2)-12.98%
Max Revenue beat(2)-1.98%
Revenue beat(4)0
Avg Revenue beat(4)-14.34%
Min Revenue beat(4)-33.43%
Max Revenue beat(4)-1.98%
Revenue beat(8)1
Avg Revenue beat(8)-9.31%
Revenue beat(12)4
Avg Revenue beat(12)-5.2%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.85%
PT rev (3m)-1.25%
EPS NQ rev (1m)-6.43%
EPS NQ rev (3m)-7.54%
EPS NY rev (1m)-3.28%
EPS NY rev (3m)-12.21%
Revenue NQ rev (1m)-5.25%
Revenue NQ rev (3m)-6.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.57%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.51
P/S 1.46
P/FCF 5.2
P/OCF 3.67
P/B 1.62
P/tB 1.97
EV/EBITDA 4.98
EPS(TTM)-15.32
EYN/A
EPS(NY)70.75
Fwd EY15.36%
FCF(TTM)88.56
FCFY19.23%
OCF(TTM)125.37
OCFY27.23%
SpS314.41
BVpS283.41
TBVpS233.48
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.8%
ROE -3.29%
ROCE 7.75%
ROIC 5.97%
ROICexc 6.38%
ROICexgc 6.69%
OM 27.67%
PM (TTM) N/A
GM 57.61%
FCFM 28.17%
ROA(3y)0.08%
ROA(5y)-0.18%
ROE(3y)-0.58%
ROE(5y)-1.96%
ROIC(3y)9.38%
ROIC(5y)6.79%
ROICexc(3y)10.23%
ROICexc(5y)7.37%
ROICexgc(3y)10.87%
ROICexgc(5y)7.85%
ROCE(3y)12.19%
ROCE(5y)8.82%
ROICexgc growth 3Y15.21%
ROICexgc growth 5Y43.84%
ROICexc growth 3Y15.53%
ROICexc growth 5Y45.83%
OM growth 3Y7.98%
OM growth 5Y29.98%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.05%
GM growth 5Y2.78%
F-Score7
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 4.73
Debt/EBITDA 2.56
Cap/Depr 48.04%
Cap/Sales 11.71%
Interest Coverage 2.04
Cash Conversion 76.62%
Profit Quality N/A
Current Ratio 3.36
Quick Ratio 2.88
Altman-Z N/A
F-Score7
WACC8.42%
ROIC/WACC0.71
Cap/Depr(3y)220.14%
Cap/Depr(5y)197.46%
Cap/Sales(3y)32.67%
Cap/Sales(5y)36.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-273.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.38%
EPS Next Y212.73%
EPS Next 2Y115.82%
EPS Next 3Y63.51%
EPS Next 5Y30.91%
Revenue 1Y (TTM)25.57%
Revenue growth 3Y7.52%
Revenue growth 5Y16.1%
Sales Q2Q%44.54%
Revenue Next Year41.51%
Revenue Next 2Y31%
Revenue Next 3Y17.54%
Revenue Next 5Y5.68%
EBIT growth 1Y10.46%
EBIT growth 3Y16.1%
EBIT growth 5Y50.9%
EBIT Next Year134.27%
EBIT Next 3Y50.75%
EBIT Next 5Y19.1%
FCF growth 1Y126.53%
FCF growth 3YN/A
FCF growth 5Y-14.92%
OCF growth 1Y-13.9%
OCF growth 3Y84.65%
OCF growth 5Y4.46%

BLUENORD ASA / BNOR.OL FAQ

What is the ChartMill fundamental rating of BLUENORD ASA (BNOR.OL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to BNOR.OL.


What is the valuation status for BNOR stock?

ChartMill assigns a valuation rating of 6 / 10 to BLUENORD ASA (BNOR.OL). This can be considered as Fairly Valued.


What is the profitability of BNOR stock?

BLUENORD ASA (BNOR.OL) has a profitability rating of 4 / 10.


What is the earnings growth outlook for BLUENORD ASA?

The Earnings per Share (EPS) of BLUENORD ASA (BNOR.OL) is expected to grow by 212.73% in the next year.