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BLUENORD ASA (BNOR.OL) Stock Fundamental Analysis

Europe - Euronext Oslo - OSL:BNOR - NO0010379266 - Common Stock

425.5 NOK
-2 (-0.47%)
Last: 12/11/2025, 4:19:50 PM
Fundamental Rating

4

Taking everything into account, BNOR scores 4 out of 10 in our fundamental rating. BNOR was compared to 69 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

BNOR had negative earnings in the past year.
In the past year BNOR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BNOR reported negative net income in multiple years.
In the past 5 years BNOR always reported a positive cash flow from operatings.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

The Return On Assets of BNOR (-0.80%) is worse than 76.81% of its industry peers.
The Return On Equity of BNOR (-3.29%) is worse than 76.81% of its industry peers.
BNOR has a Return On Invested Capital of 5.97%. This is comparable to the rest of the industry: BNOR outperforms 50.72% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BNOR is in line with the industry average of 9.20%.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400

1.3 Margins

BNOR has a Operating Margin of 27.67%. This is in the better half of the industry: BNOR outperforms 71.01% of its industry peers.
BNOR's Operating Margin has improved in the last couple of years.
BNOR's Gross Margin of 57.61% is fine compared to the rest of the industry. BNOR outperforms 69.57% of its industry peers.
BNOR's Gross Margin has improved in the last couple of years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2K -2K 4K -4K

5

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.
The number of shares outstanding for BNOR has been increased compared to 1 year ago.
The number of shares outstanding for BNOR has been increased compared to 5 years ago.
BNOR has a worse debt/assets ratio than last year.
BNOR.OL Yearly Shares OutstandingBNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of BNOR is 4.73, which is a neutral value as it means it would take BNOR, 4.73 years of fcf income to pay off all of its debts.
BNOR has a Debt to FCF ratio of 4.73. This is in the better half of the industry: BNOR outperforms 65.22% of its industry peers.
BNOR has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
BNOR has a worse Debt to Equity ratio (1.48) than 82.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 4.73
Altman-Z N/A
ROIC/WACC0.71
WACC8.41%
BNOR.OL Yearly LT Debt VS Equity VS FCFBNOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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.
Looking at the Current ratio, with a value of 3.36, BNOR belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
A Quick Ratio of 2.88 indicates that BNOR has no problem at all paying its short term obligations.
BNOR has a Quick ratio of 2.88. This is amongst the best in the industry. BNOR outperforms 88.41% 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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%.
BNOR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.10% yearly.
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

BNOR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.91% yearly.
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 Y228.42%
EPS Next 2Y117.44%
EPS Next 3Y63.86%
EPS Next 5Y30.91%
Revenue Next Year41.78%
Revenue Next 2Y31%
Revenue Next 3Y17.54%
Revenue Next 5Y5.68%

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 decreasing.
BNOR.OL Yearly Revenue VS EstimatesBNOR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -100 -200 -300

6

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 5.53, the valuation of BNOR can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BNOR indicates a rather cheap valuation: BNOR is cheaper than 95.65% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.80. BNOR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 5.53
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

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 73.91% of the companies listed in the same industry.
89.86% of the companies in the same industry are more expensive than BNOR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.53
EV/EBITDA 4.59
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 63.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y117.44%
EPS Next 3Y63.86%

0

5. Dividend

5.1 Amount

No dividends for BNOR!.
Industry RankSector Rank
Dividend Yield N/A

BLUENORD ASA

OSL:BNOR (12/11/2025, 4:19:50 PM)

425.5

-2 (-0.47%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-29 2025-10-29/bmo
Earnings (Next)02-10 2026-02-10/amc
Inst Owners39.26%
Inst Owner ChangeN/A
Ins Owners1.13%
Ins Owner ChangeN/A
Market Cap11.28B
Revenue(TTM)870.20M
Net Income(TTM)-25.80M
Analysts78.57
Price Target567.12 (33.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)-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)1.65%
PT rev (3m)-8.6%
EPS NQ rev (1m)-1.19%
EPS NQ rev (3m)-11.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-39.34%
Revenue NQ rev (1m)-0.85%
Revenue NQ rev (3m)-5.36%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-5.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.53
P/S 1.28
P/FCF 4.53
P/OCF 3.2
P/B 1.42
P/tB 1.72
EV/EBITDA 4.59
EPS(TTM)-16.24
EYN/A
EPS(NY)76.98
Fwd EY18.09%
FCF(TTM)93.88
FCFY22.06%
OCF(TTM)132.91
OCFY31.24%
SpS333.32
BVpS300.45
TBVpS247.52
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
WACC8.41%
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 Y228.42%
EPS Next 2Y117.44%
EPS Next 3Y63.86%
EPS Next 5Y30.91%
Revenue 1Y (TTM)25.57%
Revenue growth 3Y7.52%
Revenue growth 5Y16.1%
Sales Q2Q%44.54%
Revenue Next Year41.78%
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 Year160.02%
EBIT Next 3Y50.62%
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.


Can you provide the valuation status for BLUENORD ASA?

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


How profitable is BLUENORD ASA (BNOR.OL) stock?

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


Can you provide the financial health for BNOR stock?

The financial health rating of BLUENORD ASA (BNOR.OL) is 5 / 10.