DNO ASA (DNO.OL) Stock Fundamental Analysis
Europe - OSL:DNO - NO0003921009 - Common Stock
15.67 NOK
-0.35 (-2.18%)
We assign a fundamental rating of 3 out of 10 to DNO. DNO was compared to 64 industry peers in the Oil, Gas & Consumable Fuels industry. DNO may be in some trouble as it scores bad on both profitability and health. DNO has a decent growth rate and is not valued too expensively. DNO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year DNO has reported negative net income.
In the past year DNO had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: DNO reported negative net income in multiple years.
Each year in the past 5 years DNO had a positive operating cash flow.
1.2 Ratios
DNO has a worse Return On Assets (-1.42%) than 81.25% of its industry peers.
DNO has a Return On Equity of -6.22%. This is amonst the worse of the industry: DNO underperforms 82.81% of its industry peers.
The Return On Invested Capital of DNO (2.65%) is worse than 78.13% of its industry peers.
DNO had an Average Return On Invested Capital over the past 3 years of 12.71%. This is above the industry average of 9.91%.
The 3 year average ROIC (12.71%) for DNO is well above the current ROIC(2.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.42% | ||
| ROE | -6.22% | ||
| ROIC | 2.65% |
ROA(3y)4.51%
ROA(5y)1.98%
ROE(3y)9.03%
ROE(5y)2.66%
ROIC(3y)12.71%
ROIC(5y)N/A
1.3 Margins
The Operating Margin of DNO (19.92%) is comparable to the rest of the industry.
DNO's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 37.44%, DNO perfoms like the industry average, outperforming 42.19% of the companies in the same industry.
In the last couple of years the Gross Margin of DNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.92% | ||
| PM (TTM) | N/A | ||
| GM | 37.44% |
OM growth 3Y-18.19%
OM growth 5Y-2.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.31%
GM growth 5Y-2.51%
2. Health
2.1 Basic Checks
DNO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, DNO has about the same amount of shares outstanding.
DNO has less shares outstanding than it did 5 years ago.
DNO has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.55, we must say that DNO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of DNO (0.55) is worse than 79.69% of its industry peers.
The Debt to FCF ratio of DNO is 150.51, which is on the high side as it means it would take DNO, 150.51 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 150.51, DNO is doing worse than 64.06% of the companies in the same industry.
A Debt/Equity ratio of 0.71 indicates that DNO is somewhat dependend on debt financing.
DNO has a Debt to Equity ratio of 0.71. This is in the lower half of the industry: DNO underperforms 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 150.51 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.32
WACC8.41%
2.3 Liquidity
A Current Ratio of 0.96 indicates that DNO may have some problems paying its short term obligations.
DNO has a Current ratio of 0.96. This is in the lower half of the industry: DNO underperforms 79.69% of its industry peers.
DNO has a Quick Ratio of 0.96. This is a bad value and indicates that DNO is not financially healthy enough and could expect problems in meeting its short term obligations.
DNO has a Quick ratio of 0.90. This is in the lower half of the industry: DNO underperforms 64.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
DNO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -300.00%.
DNO shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.12%.
Measured over the past years, DNO shows a decrease in Revenue. The Revenue has been decreasing by -7.25% on average per year.
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.19%
Revenue 1Y (TTM)20.12%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%88.32%
3.2 Future
The Earnings Per Share is expected to grow by 63.12% on average over the next years. This is a very strong growth
DNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y857.5%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
EPS Next 5Y63.12%
Revenue Next Year168.11%
Revenue Next 2Y85.76%
Revenue Next 3Y52.52%
Revenue Next 5Y2.05%
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
DNO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 5.28, which indicates a rather cheap valuation of DNO.
DNO's Price/Forward Earnings ratio is rather cheap when compared to the industry. DNO is cheaper than 93.75% of the companies in the same industry.
DNO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 5.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DNO is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, DNO is valued a bit more expensive than 64.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 138.23 | ||
| EV/EBITDA | 6.54 |
4.3 Compensation for Growth
DNO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
DNO's earnings are expected to grow with 157.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y311.07%
EPS Next 3Y157.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.93%, DNO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 55.18, DNO pays a better dividend. On top of this DNO pays more dividend than 81.25% of the companies listed in the same industry.
DNO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.93% |
5.2 History
The dividend of DNO is nicely growing with an annual growth rate of 18.12%!
Dividend Growth(5Y)18.12%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DNO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of DNO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-127.8%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
OSL:DNO (9/26/2025, 2:12:47 PM)
15.67
-0.35 (-2.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.94%
Inst Owner ChangeN/A
Ins Owners13.75%
Ins Owner ChangeN/A
Market Cap15.28B
Analysts78
Price Target16.83 (7.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.93% |
Yearly Dividend1.05
Dividend Growth(5Y)18.12%
DP-127.8%
Div Incr Years0
Div Non Decr Years0
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)1
Avg Revenue beat(2)-6.18%
Min Revenue beat(2)-45.05%
Max Revenue beat(2)32.7%
Revenue beat(4)2
Avg Revenue beat(4)-7.27%
Min Revenue beat(4)-45.05%
Max Revenue beat(4)32.7%
Revenue beat(8)4
Avg Revenue beat(8)-3.79%
Revenue beat(12)4
Avg Revenue beat(12)-7.95%
Revenue beat(16)5
Avg Revenue beat(16)-6.34%
PT rev (1m)5.77%
PT rev (3m)8.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)0%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.66%
Revenue NY rev (1m)-2.02%
Revenue NY rev (3m)120.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 5.28 | ||
| P/S | 1.94 | ||
| P/FCF | 138.23 | ||
| P/OCF | 5.16 | ||
| P/B | 1.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.54 |
EPS(TTM)-0.2
EYN/A
EPS(NY)2.97
Fwd EY18.93%
FCF(TTM)0.11
FCFY0.72%
OCF(TTM)3.04
OCFY19.38%
SpS8.1
BVpS14.65
TBVpS-2.97
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.42% | ||
| ROE | -6.22% | ||
| ROCE | 3.44% | ||
| ROIC | 2.65% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 5.87% | ||
| OM | 19.92% | ||
| PM (TTM) | N/A | ||
| GM | 37.44% | ||
| FCFM | 1.4% |
ROA(3y)4.51%
ROA(5y)1.98%
ROE(3y)9.03%
ROE(5y)2.66%
ROIC(3y)12.71%
ROIC(5y)N/A
ROICexc(3y)20.37%
ROICexc(5y)N/A
ROICexgc(3y)23.37%
ROICexgc(5y)N/A
ROCE(3y)16.51%
ROCE(5y)N/A
ROICexcg growth 3Y-26.33%
ROICexcg growth 5Y-7.85%
ROICexc growth 3Y-26.89%
ROICexc growth 5Y-4.85%
OM growth 3Y-18.19%
OM growth 5Y-2.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.31%
GM growth 5Y-2.51%
F-Score3
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 150.51 | ||
| Debt/EBITDA | 2.71 | ||
| Cap/Depr | 132.06% | ||
| Cap/Sales | 36.11% | ||
| Interest Coverage | 1.96 | ||
| Cash Conversion | 79.37% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.55 |
F-Score3
WACC8.41%
ROIC/WACC0.32
Cap/Depr(3y)119.6%
Cap/Depr(5y)99.55%
Cap/Sales(3y)25.42%
Cap/Sales(5y)24.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.19%
EPS Next Y857.5%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
EPS Next 5Y63.12%
Revenue 1Y (TTM)20.12%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%88.32%
Revenue Next Year168.11%
Revenue Next 2Y85.76%
Revenue Next 3Y52.52%
Revenue Next 5Y2.05%
EBIT growth 1Y-15.47%
EBIT growth 3Y-28.63%
EBIT growth 5Y-9.31%
EBIT Next Year225.7%
EBIT Next 3Y45.27%
EBIT Next 5Y32.76%
FCF growth 1Y-96.17%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y-45.67%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%