DNO ASA (DNO.OL) Stock Fundamental Analysis
OSL:DNO - NO0003921009 - Common Stock
14.76 NOK
-0.24 (-1.6%)
We assign a fundamental rating of 3 out of 10 to DNO. DNO was compared to 63 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of DNO have multiple concerns. DNO has a correct valuation and a medium growth rate. Finally DNO also has an excellent dividend rating.
1. Profitability
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.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.42%, DNO is doing worse than 80.95% of the companies in the same industry.
DNO has a Return On Equity of -6.22%. This is amonst the worse of the industry: DNO underperforms 82.54% of its industry peers.
DNO has a worse Return On Invested Capital (2.65%) than 77.78% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DNO is above the industry average of 10.18%.
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
Looking at the Operating Margin, with a value of 19.92%, DNO is in line with its industry, outperforming 53.97% of the companies in the same industry.
DNO's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 37.44%, DNO is in line with its industry, outperforming 44.44% of the companies in the same industry.
DNO's Gross Margin has declined in the last couple of years.
| 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.
The number of shares outstanding for DNO remains at a similar level compared to 1 year ago.
DNO has less shares outstanding than it did 5 years ago.
The debt/assets ratio for DNO is higher compared to a year ago.
2.2 Solvency
DNO has an Altman-Z score of 0.54. This is a bad value and indicates that DNO is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.54, DNO is not doing good in the industry: 82.54% of the companies in the same industry are doing better.
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.
With a Debt to FCF ratio value of 150.51, DNO is not doing good in the industry: 63.49% of the companies in the same industry are doing better.
DNO has a Debt/Equity ratio of 0.71. This is a neutral value indicating DNO is somewhat dependend on debt financing.
DNO has a worse Debt to Equity ratio (0.71) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 150.51 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.32
WACC8.41%
2.3 Liquidity
DNO has a Current 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's Current ratio of 0.96 is on the low side compared to the rest of the industry. DNO is outperformed by 82.54% of its industry peers.
A Quick Ratio of 0.90 indicates that DNO may have some problems paying its short term obligations.
The Quick ratio of DNO (0.90) is worse than 68.25% 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%.
Looking at the last year, DNO shows a very strong growth in Revenue. 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
Based on estimates for the next years, DNO will show a small growth in Revenue. The Revenue will grow by 2.05% on average per year.
EPS Next Y857.5%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
EPS Next 5Y63.12%
Revenue Next Year173.65%
Revenue Next 2Y84.91%
Revenue Next 3Y52.04%
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 4.94, which indicates a rather cheap valuation of DNO.
Based on the Price/Forward Earnings ratio, DNO is valued cheaply inside the industry as 93.65% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.48, DNO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 4.94 |
4.2 Price Multiples
DNO's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, DNO is valued a bit more expensive than the industry average as 63.49% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 129.34 | ||
| EV/EBITDA | 6.25 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DNO's earnings are expected to grow with 157.88% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y311.07%
EPS Next 3Y157.88%
5. Dividend
5.1 Amount
DNO has a Yearly Dividend Yield of 8.97%, which is a nice return.
DNO's Dividend Yield is rather good when compared to the industry average which is at 56.59. DNO pays more dividend than 80.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, DNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
5.2 History
On average, the dividend of DNO grows each year by 18.12%, which is quite nice.
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 (9/3/2025, 7:00:00 PM)
14.76
-0.24 (-1.6%)
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 Cap14.39B
Analysts76.36
Price Target15.71 (6.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
Yearly Dividend1.06
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)-1.28%
PT rev (3m)4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)11.11%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.66%
Revenue NY rev (1m)4.04%
Revenue NY rev (3m)124.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 4.94 | ||
| P/S | 1.81 | ||
| P/FCF | 129.34 | ||
| P/OCF | 4.83 | ||
| P/B | 1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.25 |
EPS(TTM)-0.2
EYN/A
EPS(NY)2.99
Fwd EY20.23%
FCF(TTM)0.11
FCFY0.77%
OCF(TTM)3.06
OCFY20.72%
SpS8.15
BVpS14.75
TBVpS-2.99
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 | 0.54 |
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 Year173.65%
Revenue Next 2Y84.91%
Revenue Next 3Y52.04%
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%