BLUENORD ASA (BNOR.OL) Stock Fundamental Analysis
OSL:BNOR - Euronext Oslo - NO0010379266 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to BNOR. BNOR was compared to 59 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of BNOR while its profitability can be described as average. BNOR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BNOR had negative earnings in the past year.
In the past year BNOR had a positive cash flow from operations.
In multiple years BNOR reported negative net income over the last 5 years.
Each year in the past 5 years BNOR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BNOR (-1.36%) is worse than 83.05% of its industry peers.
With a Return On Equity value of -6.44%, BNOR is not doing good in the industry: 88.14% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 5.00%, BNOR is doing worse than 67.80% of the companies in the same industry.
BNOR had an Average Return On Invested Capital over the past 3 years of 9.38%. This is significantly below the industry average of 14.75%.
The last Return On Invested Capital (5.00%) for BNOR is well below the 3 year average (9.38%), which needs to be investigated, but indicates that BNOR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.36% | ||
| ROE | -6.44% | ||
| ROIC | 5% |
ROA(3y)0.08%
ROA(5y)-0.18%
ROE(3y)-0.58%
ROE(5y)-1.96%
ROIC(3y)9.38%
ROIC(5y)6.79%
1.3 Margins
BNOR has a Operating Margin of 27.70%. This is in the better half of the industry: BNOR outperforms 66.10% of its industry peers.
BNOR's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 55.08%, BNOR is doing good in the industry, outperforming 62.71% of the companies in the same industry.
BNOR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.7% | ||
| PM (TTM) | N/A | ||
| GM | 55.08% |
OM growth 3Y7.98%
OM growth 5Y29.98%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.05%
GM growth 5Y2.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BNOR is still creating some value.
Compared to 1 year ago, BNOR has more shares outstanding
BNOR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BNOR has a worse debt to assets ratio.
2.2 Solvency
BNOR has a debt to FCF ratio of 13.72. This is a negative value and a sign of low solvency as BNOR would need 13.72 years to pay back of all of its debts.
BNOR has a Debt to FCF ratio of 13.72. This is comparable to the rest of the industry: BNOR outperforms 40.68% of its industry peers.
A Debt/Equity ratio of 1.53 is on the high side and indicates that BNOR has dependencies on debt financing.
With a Debt to Equity ratio value of 1.53, BNOR is not doing good in the industry: 86.44% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 13.72 | ||
| Altman-Z | N/A |
ROIC/WACC0.57
WACC8.83%
2.3 Liquidity
A Current Ratio of 1.20 indicates that BNOR should not have too much problems paying its short term obligations.
BNOR's Current ratio of 1.20 is on the low side compared to the rest of the industry. BNOR is outperformed by 71.19% of its industry peers.
BNOR has a Quick Ratio of 1.07. This is a normal value and indicates that BNOR is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.07, BNOR perfoms like the industry average, outperforming 44.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
BNOR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -298.18%.
Looking at the last year, BNOR shows a decrease in Revenue. The Revenue has decreased by -5.10% in the last year.
Measured over the past years, BNOR shows a quite strong growth in Revenue. The Revenue has been growing by 16.10% on average per year.
EPS 1Y (TTM)-298.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
Revenue 1Y (TTM)-5.1%
Revenue growth 3Y7.52%
Revenue growth 5Y16.1%
Sales Q2Q%1.54%
3.2 Future
BNOR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 68.13% yearly.
The Revenue is expected to grow by 20.10% on average over the next years. This is a very strong growth
EPS Next Y402.84%
EPS Next 2Y123.96%
EPS Next 3Y68.13%
EPS Next 5YN/A
Revenue Next Year80.41%
Revenue Next 2Y35.27%
Revenue Next 3Y20.1%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for BNOR. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 6.88, the valuation of BNOR can be described as very cheap.
Based on the Price/Forward Earnings ratio, BNOR is valued a bit cheaper than 74.58% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. BNOR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.88 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BNOR indicates a slightly more expensive valuation: BNOR is more expensive than 66.10% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BNOR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.26 | ||
| EV/EBITDA | 7.2 |
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 68.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y123.96%
EPS Next 3Y68.13%
5. Dividend
5.1 Amount
BNOR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:BNOR (5/28/2025, 7:00:00 PM)
586
+4 (+0.69%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners35.59%
Inst Owner ChangeN/A
Ins Owners1.02%
Ins Owner ChangeN/A
Market Cap15.53B
Analysts82.86
Price Target761.77 (29.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-243.6%
Min EPS beat(2)-415.9%
Max EPS beat(2)-71.31%
EPS beat(4)0
Avg EPS beat(4)-163.08%
Min EPS beat(4)-415.9%
Max EPS beat(4)-48.1%
EPS beat(8)1
Avg EPS beat(8)-100.79%
EPS beat(12)3
Avg EPS beat(12)-92.95%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-21.2%
Min Revenue beat(2)-33.43%
Max Revenue beat(2)-8.97%
Revenue beat(4)1
Avg Revenue beat(4)-12.39%
Min Revenue beat(4)-33.43%
Max Revenue beat(4)4.82%
Revenue beat(8)3
Avg Revenue beat(8)-4.3%
Revenue beat(12)5
Avg Revenue beat(12)-2.67%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.25%
PT rev (3m)2.03%
EPS NQ rev (1m)-5.01%
EPS NQ rev (3m)-13.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-10.27%
Revenue NQ rev (1m)-9%
Revenue NQ rev (3m)-15.53%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)-5.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.88 | ||
| P/S | 2.17 | ||
| P/FCF | 15.26 | ||
| P/OCF | 5.34 | ||
| P/B | 2.07 | ||
| P/tB | 2.57 | ||
| EV/EBITDA | 7.2 |
EPS(TTM)-22.14
EYN/A
EPS(NY)85.16
Fwd EY14.53%
FCF(TTM)38.4
FCFY6.55%
OCF(TTM)109.81
OCFY18.74%
SpS270.21
BVpS283.17
TBVpS228.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.36% | ||
| ROE | -6.44% | ||
| ROCE | 6.5% | ||
| ROIC | 5% | ||
| ROICexc | 5.8% | ||
| ROICexgc | 6.14% | ||
| OM | 27.7% | ||
| PM (TTM) | N/A | ||
| GM | 55.08% | ||
| FCFM | 14.21% |
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%
ROICexcg growth 3Y15.21%
ROICexcg 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-Score3
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 13.72 | ||
| Debt/EBITDA | 3.28 | ||
| Cap/Depr | 123.87% | ||
| Cap/Sales | 26.43% | ||
| Interest Coverage | 1.4 | ||
| Cash Conversion | 82.88% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | N/A |
F-Score3
WACC8.83%
ROIC/WACC0.57
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)-298.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
EPS Next Y402.84%
EPS Next 2Y123.96%
EPS Next 3Y68.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.1%
Revenue growth 3Y7.52%
Revenue growth 5Y16.1%
Sales Q2Q%1.54%
Revenue Next Year80.41%
Revenue Next 2Y35.27%
Revenue Next 3Y20.1%
Revenue Next 5YN/A
EBIT growth 1Y-30.7%
EBIT growth 3Y16.1%
EBIT growth 5Y50.9%
EBIT Next Year255.42%
EBIT Next 3Y53.78%
EBIT Next 5YN/A
FCF growth 1Y-73.6%
FCF growth 3YN/A
FCF growth 5Y-14.92%
OCF growth 1Y-54.57%
OCF growth 3Y84.65%
OCF growth 5Y4.46%