DNO ASA (DNO.OL) Stock Fundamental Analysis
OSL:DNO - Euronext Oslo - NO0003921009 - Common Stock - Currency: NOK
Overall DNO gets a fundamental rating of 4 out of 10. We evaluated DNO against 61 industry peers in the Oil, Gas & Consumable Fuels industry. DNO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. DNO is not valued too expensively and it also shows a decent growth rate. 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.
In multiple years DNO reported negative net income over the last 5 years.
DNO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DNO has a Return On Assets of -1.28%. This is amonst the worse of the industry: DNO underperforms 83.61% of its industry peers.
DNO has a Return On Equity of -4.44%. This is amonst the worse of the industry: DNO underperforms 85.25% of its industry peers.
DNO's Return On Invested Capital of 2.83% is on the low side compared to the rest of the industry. DNO is outperformed by 83.61% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DNO is in line with the industry average of 14.55%.
The last Return On Invested Capital (2.83%) for DNO is well below the 3 year average (12.71%), which needs to be investigated, but indicates that DNO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.44% | ||
| ROIC | 2.83% |
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
DNO has a Operating Margin of 16.25%. This is comparable to the rest of the industry: DNO outperforms 45.90% of its industry peers.
DNO's Operating Margin has declined in the last couple of years.
DNO has a Gross Margin (37.41%) which is in line with its industry peers.
In the last couple of years the Gross Margin of DNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.41% |
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.
DNO has about the same amout of shares outstanding than it did 1 year ago.
DNO has less shares outstanding than it did 5 years ago.
DNO has a worse debt/assets ratio than last year.
2.2 Solvency
DNO has an Altman-Z score of 1.26. This is a bad value and indicates that DNO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of DNO (1.26) is worse than 73.77% of its industry peers.
The Debt to FCF ratio of DNO is 8.33, which is on the high side as it means it would take DNO, 8.33 years of fcf income to pay off all of its debts.
DNO has a Debt to FCF ratio (8.33) which is in line with its industry peers.
DNO has a Debt/Equity ratio of 1.01. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.01, DNO is doing worse than 77.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 8.33 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.34
WACC8.42%
2.3 Liquidity
DNO has a Current Ratio of 2.65. This indicates that DNO is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DNO (2.65) is better than 83.61% of its industry peers.
DNO has a Quick Ratio of 2.55. This indicates that DNO is financially healthy and has no problem in meeting its short term obligations.
DNO's Quick ratio of 2.55 is amongst the best of the industry. DNO outperforms 83.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
DNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.33%, which is quite impressive.
DNO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.57%.
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)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)15.57%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%2.68%
3.2 Future
Based on estimates for the next years, DNO will show a very strong growth in Earnings Per Share. The EPS will grow by 63.12% on average per year.
DNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue Next Year21.64%
Revenue Next 2Y10.48%
Revenue Next 3Y4.12%
Revenue Next 5Y2.05%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 10.18, which indicates a very decent valuation of DNO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DNO is on the same level as its industry peers.
DNO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.18 |
4.2 Price Multiples
DNO's Enterprise Value to EBITDA ratio is in line with the industry average.
DNO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DNO is cheaper than 75.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.81 | ||
| EV/EBITDA | 4.49 |
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 98.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y195.52%
EPS Next 3Y98.38%
5. Dividend
5.1 Amount
DNO has a Yearly Dividend Yield of 9.39%, which is a nice return.
Compared to an average industry Dividend Yield of 57.35, DNO pays a better dividend. On top of this DNO pays more dividend than 80.33% 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 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.39% |
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-224.89%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
OSL:DNO (6/20/2025, 4:18:08 PM)
13.77
-0.34 (-2.41%)
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 Cap13.43B
Analysts76.36
Price Target15.5 (12.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.39% |
Yearly Dividend1.04
Dividend Growth(5Y)18.12%
DP-224.89%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-298.02%
Min EPS beat(2)-496.04%
Max EPS beat(2)-100%
EPS beat(4)1
Avg EPS beat(4)-106.58%
Min EPS beat(4)-496.04%
Max EPS beat(4)232.01%
EPS beat(8)2
Avg EPS beat(8)-94.81%
EPS beat(12)4
Avg EPS beat(12)-55.28%
EPS beat(16)6
Avg EPS beat(16)-40.19%
Revenue beat(2)1
Avg Revenue beat(2)-2.41%
Min Revenue beat(2)-5.71%
Max Revenue beat(2)0.89%
Revenue beat(4)1
Avg Revenue beat(4)-11.06%
Min Revenue beat(4)-21.82%
Max Revenue beat(4)0.89%
Revenue beat(8)3
Avg Revenue beat(8)-8.75%
Revenue beat(12)3
Avg Revenue beat(12)-8.01%
Revenue beat(16)4
Avg Revenue beat(16)-7.7%
PT rev (1m)3.4%
PT rev (3m)4.83%
EPS NQ rev (1m)-11.11%
EPS NQ rev (3m)-20%
EPS NY rev (1m)0%
EPS NY rev (3m)-10%
Revenue NQ rev (1m)3.31%
Revenue NQ rev (3m)8.79%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.18 | ||
| P/S | 1.99 | ||
| P/FCF | 7.81 | ||
| P/OCF | 3.27 | ||
| P/B | 1.25 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 4.49 |
EPS(TTM)-0.4
EYN/A
EPS(NY)1.35
Fwd EY9.83%
FCF(TTM)1.76
FCFY12.81%
OCF(TTM)4.21
OCFY30.6%
SpS6.92
BVpS10.99
TBVpS7.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.44% | ||
| ROCE | 3.67% | ||
| ROIC | 2.83% | ||
| ROICexc | 5.6% | ||
| ROICexgc | 7.46% | ||
| OM | 16.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.41% | ||
| FCFM | 25.48% |
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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 8.33 | ||
| Debt/EBITDA | 3.65 | ||
| Cap/Depr | 128.21% | ||
| Cap/Sales | 35.38% | ||
| Interest Coverage | 1.8 | ||
| Cash Conversion | 138.8% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.55 | ||
| Altman-Z | 1.26 |
F-Score4
WACC8.42%
ROIC/WACC0.34
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)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue 1Y (TTM)15.57%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%2.68%
Revenue Next Year21.64%
Revenue Next 2Y10.48%
Revenue Next 3Y4.12%
Revenue Next 5Y2.05%
EBIT growth 1Y-18.02%
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-72.66%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y-55.36%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%