FJORD DEFENCE GROUP ASA (DFENS.OL) Stock Fundamental Analysis

OSL:DFENS • NO0013647693

16.058 NOK
+0.16 (+1.01%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

DFENS gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 37 industry peers in the Energy Equipment & Services industry. DFENS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. DFENS has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year DFENS has reported negative net income.
  • In the past year DFENS has reported a negative cash flow from operations.
  • In multiple years DFENS reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: DFENS reported negative operating cash flow in multiple years.
DFENS.OL Yearly Net Income VS EBIT VS OCF VS FCFDFENS.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

1.2 Ratios

  • With a Return On Assets value of -12.96%, DFENS is not doing good in the industry: 97.22% of the companies in the same industry are doing better.
  • DFENS has a Return On Equity of -15.24%. This is amonst the worse of the industry: DFENS underperforms 88.89% of its industry peers.
Industry RankSector Rank
ROA -12.96%
ROE -15.24%
ROIC N/A
ROA(3y)-17.68%
ROA(5y)-6.67%
ROE(3y)-19.32%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
DFENS.OL Yearly ROA, ROE, ROICDFENS.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1K 2K

1.3 Margins

  • The Gross Margin of DFENS (55.11%) is better than 80.56% of its industry peers.
  • The Profit Margin and Operating Margin are not available for DFENS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 55.11%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
DFENS.OL Yearly Profit, Operating, Gross MarginsDFENS.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

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4

2. Health

2.1 Basic Checks

  • DFENS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for DFENS has been reduced compared to 1 year ago.
  • The number of shares outstanding for DFENS has been increased compared to 5 years ago.
  • DFENS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DFENS.OL Yearly Shares OutstandingDFENS.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
DFENS.OL Yearly Total Debt VS Total AssetsDFENS.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • DFENS has an Altman-Z score of -0.64. This is a bad value and indicates that DFENS is not financially healthy and even has some risk of bankruptcy.
  • DFENS has a Altman-Z score of -0.64. This is comparable to the rest of the industry: DFENS outperforms 47.22% of its industry peers.
  • A Debt/Equity ratio of 0.04 indicates that DFENS is not too dependend on debt financing.
  • The Debt to Equity ratio of DFENS (0.04) is better than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z -0.64
ROIC/WACCN/A
WACC8.57%
DFENS.OL Yearly LT Debt VS Equity VS FCFDFENS.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 -200M

2.3 Liquidity

  • A Current Ratio of 1.64 indicates that DFENS should not have too much problems paying its short term obligations.
  • DFENS's Current ratio of 1.64 is in line compared to the rest of the industry. DFENS outperforms 47.22% of its industry peers.
  • DFENS has a Quick Ratio of 1.33. This is a normal value and indicates that DFENS is financially healthy and should not expect problems in meeting its short term obligations.
  • DFENS has a Quick ratio (1.33) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.33
DFENS.OL Yearly Current Assets VS Current LiabilitesDFENS.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

More info and screens

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

2

3. Growth

3.1 Past

  • The earnings per share for DFENS have decreased strongly by -243.69% in the last year.
  • DFENS shows a strong growth in Revenue. In the last year, the Revenue has grown by 420.59%.
  • DFENS shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -11.10% yearly.
EPS 1Y (TTM)-243.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-350%
Revenue 1Y (TTM)420.59%
Revenue growth 3Y35.41%
Revenue growth 5Y-11.1%
Sales Q2Q%1852.12%

3.2 Future

  • Based on estimates for the next years, DFENS will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.97% on average per year.
  • DFENS is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -35.70% yearly.
EPS Next YN/A
EPS Next 2Y41.46%
EPS Next 3Y26.04%
EPS Next 5Y18.97%
Revenue Next YearN/A
Revenue Next 2Y-70.26%
Revenue Next 3Y-49.21%
Revenue Next 5Y-35.7%

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.
DFENS.OL Yearly Revenue VS EstimatesDFENS.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2019 2020 2021 2022 2023 2024 2026 2027 2028 20M 40M 60M 80M
DFENS.OL Yearly EPS VS EstimatesDFENS.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2026 2027 2028 0.05 0.1 0.15

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for DFENS. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
DFENS.OL Price Earnings VS Forward Price EarningsDFENS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DFENS is valued more expensive than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 229.73
DFENS.OL Per share dataDFENS.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60 80

4.3 Compensation for Growth

  • A more expensive valuation may be justified as DFENS's earnings are expected to grow with 26.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.46%
EPS Next 3Y26.04%

More info and screens

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

0

5. Dividend

5.1 Amount

  • DFENS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FJORD DEFENCE GROUP ASA

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

16.058

+0.16 (+1.01%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-26
Earnings (Next)02-18
Inst Owners4.2%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap913.06M
Revenue(TTM)29.36M
Net Income(TTM)-77.16M
Analysts84.44
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.25
P/FCF N/A
P/OCF N/A
P/B 0.19
P/tB 1.82
EV/EBITDA 229.73
EPS(TTM)-35.33
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-3.78
FCFYN/A
OCF(TTM)-3.78
OCFYN/A
SpS4.94
BVpS85.16
TBVpS8.83
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -12.96%
ROE -15.24%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 55.11%
FCFM N/A
ROA(3y)-17.68%
ROA(5y)-6.67%
ROE(3y)-19.32%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 40.96
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.64
Quick Ratio 1.33
Altman-Z -0.64
F-Score4
WACC8.57%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-243.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-350%
EPS Next YN/A
EPS Next 2Y41.46%
EPS Next 3Y26.04%
EPS Next 5Y18.97%
Revenue 1Y (TTM)420.59%
Revenue growth 3Y35.41%
Revenue growth 5Y-11.1%
Sales Q2Q%1852.12%
Revenue Next YearN/A
Revenue Next 2Y-70.26%
Revenue Next 3Y-49.21%
Revenue Next 5Y-35.7%
EBIT growth 1Y-145.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y26.32%
EBIT Next 5Y19.23%
FCF growth 1Y-1188.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1188.55%
OCF growth 3YN/A
OCF growth 5YN/A

FJORD DEFENCE GROUP ASA / DFENS.OL FAQ

Can you provide the ChartMill fundamental rating for FJORD DEFENCE GROUP ASA?

ChartMill assigns a fundamental rating of 2 / 10 to DFENS.OL.


What is the valuation status for DFENS stock?

ChartMill assigns a valuation rating of 1 / 10 to FJORD DEFENCE GROUP ASA (DFENS.OL). This can be considered as Overvalued.


What is the profitability of DFENS stock?

FJORD DEFENCE GROUP ASA (DFENS.OL) has a profitability rating of 1 / 10.


How sustainable is the dividend of FJORD DEFENCE GROUP ASA (DFENS.OL) stock?

The dividend rating of FJORD DEFENCE GROUP ASA (DFENS.OL) is 0 / 10 and the dividend payout ratio is 0%.