DNO ASA (DNO.OL) Fundamental Analysis & Valuation

OSL:DNO • NO0003921009

Current stock price

18.875 NOK
-0.48 (-2.45%)
Last:

This DNO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. DNO.OL Profitability Analysis

1.1 Basic Checks

  • DNO had negative earnings in the past year.
  • 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.
DNO.OL Yearly Net Income VS EBIT VS OCF VS FCFDNO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • DNO has a Return On Assets of -0.78%. This is amonst the worse of the industry: DNO underperforms 83.95% of its industry peers.
  • DNO's Return On Equity of -3.52% is on the low side compared to the rest of the industry. DNO is outperformed by 83.95% of its industry peers.
  • With a Return On Invested Capital value of 6.98%, DNO perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • DNO had an Average Return On Invested Capital over the past 3 years of 6.36%. This is below the industry average of 9.44%.
  • The 3 year average ROIC (6.36%) for DNO is below the current ROIC(6.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.78%
ROE -3.52%
ROIC 6.98%
ROA(3y)-0.33%
ROA(5y)3.93%
ROE(3y)-1.51%
ROE(5y)8.72%
ROIC(3y)6.36%
ROIC(5y)11.43%
DNO.OL Yearly ROA, ROE, ROICDNO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • Looking at the Operating Margin, with a value of 29.34%, DNO is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DNO has declined.
  • With a Gross Margin value of 40.61%, DNO is not doing good in the industry: 60.49% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of DNO has grown nicely.
Industry RankSector Rank
OM 29.34%
PM (TTM) N/A
GM 40.61%
OM growth 3Y-20.25%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.17%
GM growth 5Y58.59%
DNO.OL Yearly Profit, Operating, Gross MarginsDNO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100 150

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1

2. DNO.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DNO is destroying value.
  • Compared to 1 year ago, DNO has about the same amount of shares outstanding.
  • The number of shares outstanding for DNO remains at a similar level compared to 5 years ago.
  • DNO has a better debt/assets ratio than last year.
DNO.OL Yearly Shares OutstandingDNO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
DNO.OL Yearly Total Debt VS Total AssetsDNO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.86, we must say that DNO is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.86, DNO is doing worse than 81.48% of the companies in the same industry.
  • The Debt to FCF ratio of DNO is 13.27, which is on the high side as it means it would take DNO, 13.27 years of fcf income to pay off all of its debts.
  • DNO's Debt to FCF ratio of 13.27 is on the low side compared to the rest of the industry. DNO is outperformed by 67.90% of its industry peers.
  • DNO has a Debt/Equity ratio of 0.76. This is a neutral value indicating DNO is somewhat dependend on debt financing.
  • DNO's Debt to Equity ratio of 0.76 is on the low side compared to the rest of the industry. DNO is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 13.27
Altman-Z 0.86
ROIC/WACC0.82
WACC8.51%
DNO.OL Yearly LT Debt VS Equity VS FCFDNO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.93 indicates that DNO may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.93, DNO is doing worse than 79.01% of the companies in the same industry.
  • DNO has a Quick Ratio of 0.93. 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's Quick ratio of 0.84 is on the low side compared to the rest of the industry. DNO is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.84
DNO.OL Yearly Current Assets VS Current LiabilitesDNO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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

5

3. DNO.OL Growth Analysis

3.1 Past

  • The earnings per share for DNO have decreased strongly by -300.00% in the last year.
  • The Revenue has grown by 121.02% in the past year. This is a very strong growth!
  • 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%50%
Revenue 1Y (TTM)121.02%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%172.71%

3.2 Future

  • The Earnings Per Share is expected to grow by 101.68% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 39.42% on average over the next years. This is a very strong growth
EPS Next Y489.56%
EPS Next 2Y267.61%
EPS Next 3Y164.3%
EPS Next 5Y101.68%
Revenue Next Year139.07%
Revenue Next 2Y98.95%
Revenue Next 3Y57.84%
Revenue Next 5Y39.42%

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.
DNO.OL Yearly Revenue VS EstimatesDNO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
DNO.OL Yearly EPS VS EstimatesDNO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 0.4 0.6

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5

4. DNO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for DNO. In the last year negative earnings were reported.
  • Based on the Price/Forward Earnings ratio of 8.61, the valuation of DNO can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, DNO is valued cheaper than 95.06% 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 23.68.
Industry RankSector Rank
PE N/A
Fwd PE 8.61
DNO.OL Price Earnings VS Forward Price EarningsDNO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60 -80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DNO is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
  • DNO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 18.78
EV/EBITDA 3.46
DNO.OL Per share dataDNO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

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 164.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y267.61%
EPS Next 3Y164.3%

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

5

5. DNO.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.77%, DNO is a good candidate for dividend investing.
  • DNO's Dividend Yield is rather good when compared to the industry average which is at 3.98. DNO pays more dividend than 88.89% of the companies in the same industry.
  • DNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.77%

5.2 History

Dividend Growth(5Y)N/A
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.
DP-323.77%
EPS Next 2Y267.61%
EPS Next 3Y164.3%
DNO.OL Yearly Income VS Free CF VS DividendDNO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

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DNO.OL Fundamentals: All Metrics, Ratios and Statistics

DNO ASA

OSL:DNO (4/10/2026, 4:19:47 PM)

18.875

-0.48 (-2.45%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners27.31%
Inst Owner ChangeN/A
Ins Owners12.95%
Ins Owner ChangeN/A
Market Cap18.40B
Revenue(TTM)1.47B
Net Income(TTM)-46.70M
Analysts82
Price Target20.4 (8.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.77%
Yearly Dividend1.51
Dividend Growth(5Y)N/A
DP-323.77%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-252.05%
Min EPS beat(2)-453.61%
Max EPS beat(2)-50.49%
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)-5.9%
Min Revenue beat(2)-15.82%
Max Revenue beat(2)4.01%
Revenue beat(4)2
Avg Revenue beat(4)-6.04%
Min Revenue beat(4)-45.05%
Max Revenue beat(4)32.7%
Revenue beat(8)4
Avg Revenue beat(8)-6.29%
Revenue beat(12)5
Avg Revenue beat(12)-7.43%
Revenue beat(16)5
Avg Revenue beat(16)-7.65%
PT rev (1m)18.91%
PT rev (3m)29.37%
EPS NQ rev (1m)48.33%
EPS NQ rev (3m)-36.43%
EPS NY rev (1m)0%
EPS NY rev (3m)-33.59%
Revenue NQ rev (1m)10.59%
Revenue NQ rev (3m)5.49%
Revenue NY rev (1m)16.63%
Revenue NY rev (3m)9.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 8.61
P/S 1.31
P/FCF 18.78
P/OCF 3.27
P/B 1.45
P/tB N/A
EV/EBITDA 3.46
EPS(TTM)-0.19
EYN/A
EPS(NY)2.19
Fwd EY11.62%
FCF(TTM)1
FCFY5.32%
OCF(TTM)5.77
OCFY30.56%
SpS14.4
BVpS12.97
TBVpS-3.21
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.78%
ROE -3.52%
ROCE 9.07%
ROIC 6.98%
ROICexc 7.72%
ROICexgc 12.53%
OM 29.34%
PM (TTM) N/A
GM 40.61%
FCFM 6.98%
ROA(3y)-0.33%
ROA(5y)3.93%
ROE(3y)-1.51%
ROE(5y)8.72%
ROIC(3y)6.36%
ROIC(5y)11.43%
ROICexc(3y)8.6%
ROICexc(5y)17.12%
ROICexgc(3y)11.48%
ROICexgc(5y)20.59%
ROCE(3y)8.27%
ROCE(5y)14.85%
ROICexgc growth 3Y-36.17%
ROICexgc growth 5YN/A
ROICexc growth 3Y-43.6%
ROICexc growth 5YN/A
OM growth 3Y-20.25%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.17%
GM growth 5Y58.59%
F-Score6
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 13.27
Debt/EBITDA 1.21
Cap/Depr 120.9%
Cap/Sales 33.09%
Interest Coverage 4.09
Cash Conversion 70.66%
Profit Quality N/A
Current Ratio 0.93
Quick Ratio 0.84
Altman-Z 0.86
F-Score6
WACC8.51%
ROIC/WACC0.82
Cap/Depr(3y)113.73%
Cap/Depr(5y)114.76%
Cap/Sales(3y)29.19%
Cap/Sales(5y)25.73%
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%50%
EPS Next Y489.56%
EPS Next 2Y267.61%
EPS Next 3Y164.3%
EPS Next 5Y101.68%
Revenue 1Y (TTM)121.02%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%172.71%
Revenue Next Year139.07%
Revenue Next 2Y98.95%
Revenue Next 3Y57.84%
Revenue Next 5Y39.42%
EBIT growth 1Y196.57%
EBIT growth 3Y-18.42%
EBIT growth 5YN/A
EBIT Next Year153.73%
EBIT Next 3Y37.71%
EBIT Next 5YN/A
FCF growth 1Y-51.74%
FCF growth 3Y-48.56%
FCF growth 5Y-14.63%
OCF growth 1Y43%
OCF growth 3Y-17.62%
OCF growth 5Y8.7%

DNO ASA / DNO.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DNO ASA?

ChartMill assigns a fundamental rating of 3 / 10 to DNO.OL.


Can you provide the valuation status for DNO ASA?

ChartMill assigns a valuation rating of 5 / 10 to DNO ASA (DNO.OL). This can be considered as Fairly Valued.


What is the profitability of DNO stock?

DNO ASA (DNO.OL) has a profitability rating of 3 / 10.


Can you provide the dividend sustainability for DNO stock?

The dividend rating of DNO ASA (DNO.OL) is 5 / 10 and the dividend payout ratio is -323.77%.