DFENS Fundamental Analysis - FJORD DEFENCE GROUP ASA

Fundamental Rating

Taking everything into account, DFENS scores 2 out of 10 in our fundamental rating. DFENS was compared to 39 industry peers in the Energy Equipment & Services industry. While DFENS seems to be doing ok healthwise, there are quite some concerns on its profitability. DFENS is valued expensive and it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year DFENS has reported negative net income.

DFENS had a negative operating cash flow in the past year.

The reported net income has been mixed in the past 5 years: DFENS reported negative net income in multiple years.

In multiple years DFENS reported negative operating cash flow during the last 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -12.96%, DFENS is doing worse than 97.22% of the companies in the same industry.

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 Rank	Sector 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

1.3 Margins

DFENS has a Gross Margin of 55.11%. This is amongst the best in the industry. DFENS outperforms 80.56% of its industry peers.

DFENS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		Industry Rank	Sector 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

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

DFENS has more shares outstanding than it did 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.

2.2 Solvency

DFENS has an Altman-Z score of -0.89. 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 (-0.89) which is comparable to the rest of the industry.

DFENS has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.

Looking at the Debt to Equity ratio, with a value of 0.04, DFENS belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Altman-Z	-0.89

ROIC/WACCN/A

WACC8.57%

2.3 Liquidity

DFENS has a Current Ratio of 1.64. This is a normal value and indicates that DFENS is financially healthy and should not expect problems in meeting its short term obligations.

The Current ratio of DFENS (1.64) is comparable to the rest of the industry.

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.

The Quick ratio of DFENS (1.33) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Current Ratio	1.64
Quick Ratio	1.33

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

DFENS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -243.69%.

Looking at the last year, DFENS shows a very strong growth in Revenue. 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

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for DFENS. In the last year negative earnings were reported.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, DFENS is valued expensively inside the industry as 83.33% of the companies are valued cheaper.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	158.12

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

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5. Dividend

5.1 Amount

DFENS does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	0%

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FJORD DEFENCE GROUP ASA

OSL:DFENS (1/9/2026, 7:00:00 PM)

13.34

+0.2 (+1.51%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)11-26 2025-11-26

Earnings (Next)02-18 2026-02-18

Inst Owners4.2%

Inst Owner ChangeN/A

Ins Owners0.07%

Ins Owner ChangeN/A

Market Cap580.69M

Revenue(TTM)29.36M

Net Income(TTM)-77.16M

Analysts84.44

Price TargetN/A

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector 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 Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	1.96
P/FCF	N/A
P/OCF	N/A
P/B	0.11
P/tB	1.09
EV/EBITDA	158.12

EPS(TTM)-37.37

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)-5.22

FCFYN/A

OCF(TTM)-5.22

OCFYN/A

SpS6.82

BVpS117.65

TBVpS12.2

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector 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 Rank	Sector 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	-0.89

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 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)420.59%

Revenue growth 3Y35.41%

Revenue growth 5Y-11.1%

Sales Q2Q%1852.12%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-145.95%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

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%.

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens

FJORD DEFENCE GROUP ASA / DFENS.OL FAQ

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

What is the valuation status for DFENS stock?

What is the profitability of DFENS stock?

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