EQUINOR ASA-SPON ADR (EQNR) Stock Fundamental Analysis
USA - NYSE:EQNR - US29446M1027 - ADR
24.245 USD
+0.28 (+1.15%)
We assign a fundamental rating of 5 out of 10 to EQNR. EQNR was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While EQNR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. EQNR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year EQNR was profitable.
In the past year EQNR had a positive cash flow from operations.
Of the past 5 years EQNR 4 years were profitable.
Each year in the past 5 years EQNR had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 4.22%, EQNR perfoms like the industry average, outperforming 58.57% of the companies in the same industry.
With a decent Return On Equity value of 14.13%, EQNR is doing good in the industry, outperforming 72.86% of the companies in the same industry.
With an excellent Return On Invested Capital value of 23.19%, EQNR belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
EQNR had an Average Return On Invested Capital over the past 3 years of 33.97%. This is significantly above the industry average of 21.78%.
The 3 year average ROIC (33.97%) for EQNR is well above the current ROIC(23.19%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.22% | ||
| ROE | 14.13% | ||
| ROIC | 23.19% |
ROA(3y)11.06%
ROA(5y)6.92%
ROE(3y)32.85%
ROE(5y)20.85%
ROIC(3y)33.97%
ROIC(5y)25.77%
1.3 Margins
With a Profit Margin value of 5.35%, EQNR perfoms like the industry average, outperforming 44.29% of the companies in the same industry.
In the last couple of years the Profit Margin of EQNR has grown nicely.
Looking at the Operating Margin, with a value of 27.99%, EQNR is in the better half of the industry, outperforming 67.14% of the companies in the same industry.
EQNR's Operating Margin has improved in the last couple of years.
EQNR has a Gross Margin (48.66%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of EQNR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.99% | ||
| PM (TTM) | 5.35% | ||
| GM | 48.66% |
OM growth 3Y-8.38%
OM growth 5Y5.28%
PM growth 3Y-3.8%
PM growth 5Y23.92%
GM growth 3Y-5.36%
GM growth 5Y-0.73%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), EQNR is creating value.
The number of shares outstanding for EQNR has been reduced compared to 1 year ago.
Compared to 5 years ago, EQNR has less shares outstanding
Compared to 1 year ago, EQNR has a worse debt to assets ratio.
2.2 Solvency
EQNR has an Altman-Z score of 2.46. This is not the best score and indicates that EQNR is in the grey zone with still only limited risk for bankruptcy at the moment.
EQNR has a Altman-Z score of 2.46. This is in the better half of the industry: EQNR outperforms 75.71% of its industry peers.
EQNR has a debt to FCF ratio of 4.56. This is a neutral value as EQNR would need 4.56 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.56, EQNR is doing good in the industry, outperforming 66.19% of the companies in the same industry.
A Debt/Equity ratio of 0.62 indicates that EQNR is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.62, EQNR perfoms like the industry average, outperforming 41.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 2.46 |
ROIC/WACC3.27
WACC7.08%
2.3 Liquidity
EQNR has a Current Ratio of 1.23. This is a normal value and indicates that EQNR is financially healthy and should not expect problems in meeting its short term obligations.
EQNR has a Current ratio of 1.23. This is comparable to the rest of the industry: EQNR outperforms 55.71% of its industry peers.
EQNR has a Quick Ratio of 1.12. This is a normal value and indicates that EQNR is financially healthy and should not expect problems in meeting its short term obligations.
EQNR has a Quick ratio (1.12) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
EQNR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -28.57%.
The Earnings Per Share has been growing by 16.82% on average over the past years. This is quite good.
Looking at the last year, EQNR shows a small growth in Revenue. The Revenue has grown by 2.15% in the last year.
The Revenue has been growing by 10.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-28.57%
EPS 3Y-2.27%
EPS 5Y16.82%
EPS Q2Q%-53.16%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y4.92%
Revenue growth 5Y10.24%
Sales Q2Q%2.14%
3.2 Future
The Earnings Per Share is expected to decrease by -0.15% on average over the next years.
Based on estimates for the next years, EQNR will show a decrease in Revenue. The Revenue will decrease by -4.76% on average per year.
EPS Next Y-13%
EPS Next 2Y-3.96%
EPS Next 3Y-0.44%
EPS Next 5Y-0.15%
Revenue Next Year-0.1%
Revenue Next 2Y-3.36%
Revenue Next 3Y-1.86%
Revenue Next 5Y-4.76%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.45, the valuation of EQNR can be described as reasonable.
Based on the Price/Earnings ratio, EQNR is valued a bit cheaper than the industry average as 72.86% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.03, EQNR is valued rather cheaply.
A Price/Forward Earnings ratio of 8.11 indicates a reasonable valuation of EQNR.
Based on the Price/Forward Earnings ratio, EQNR is valued cheaper than 84.29% of the companies in the same industry.
EQNR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.45 | ||
| Fwd PE | 8.11 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EQNR indicates a rather cheap valuation: EQNR is cheaper than 99.05% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EQNR indicates a somewhat cheap valuation: EQNR is cheaper than 79.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.99 | ||
| EV/EBITDA | 1.3 |
4.3 Compensation for Growth
The decent profitability rating of EQNR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.62
EPS Next 2Y-3.96%
EPS Next 3Y-0.44%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.20%, EQNR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.82, EQNR pays a bit more dividend than its industry peers.
EQNR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
5.2 History
On average, the dividend of EQNR grows each year by 24.62%, which is quite nice.
EQNR has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)24.62%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
EQNR pays out 101.05% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of EQNR has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP101.05%
EPS Next 2Y-3.96%
EPS Next 3Y-0.44%
NYSE:EQNR (11/5/2025, 10:19:06 AM)
24.245
+0.28 (+1.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.2%
Inst Owner Change-0.37%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap61.03B
Revenue(TTM)107.07B
Net Income(TTM)5.73B
Analysts49.44
Price Target25.48 (5.09%)
Short Float %4.74%
Short Ratio7.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
Yearly Dividend3.02
Dividend Growth(5Y)24.62%
DP101.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.96%
Min EPS beat(2)-36.86%
Max EPS beat(2)-1.06%
EPS beat(4)0
Avg EPS beat(4)-18.46%
Min EPS beat(4)-36.86%
Max EPS beat(4)-1.06%
EPS beat(8)3
Avg EPS beat(8)-7.11%
EPS beat(12)6
Avg EPS beat(12)-0.27%
EPS beat(16)8
Avg EPS beat(16)0.87%
Revenue beat(2)2
Avg Revenue beat(2)9.54%
Min Revenue beat(2)8.5%
Max Revenue beat(2)10.59%
Revenue beat(4)3
Avg Revenue beat(4)7.52%
Min Revenue beat(4)-0.15%
Max Revenue beat(4)11.14%
Revenue beat(8)5
Avg Revenue beat(8)3.15%
Revenue beat(12)6
Avg Revenue beat(12)-1.48%
Revenue beat(16)10
Avg Revenue beat(16)-0.2%
PT rev (1m)-5.29%
PT rev (3m)-6.24%
EPS NQ rev (1m)-15.55%
EPS NQ rev (3m)-26.26%
EPS NY rev (1m)0.11%
EPS NY rev (3m)-13.88%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.45 | ||
| Fwd PE | 8.11 | ||
| P/S | 0.57 | ||
| P/FCF | 8.99 | ||
| P/OCF | 3.01 | ||
| P/B | 1.51 | ||
| P/tB | 1.79 | ||
| EV/EBITDA | 1.3 |
EPS(TTM)2.32
EY9.57%
EPS(NY)2.99
Fwd EY12.34%
FCF(TTM)2.7
FCFY11.13%
OCF(TTM)8.06
OCFY33.24%
SpS42.53
BVpS16.1
TBVpS13.55
PEG (NY)N/A
PEG (5Y)0.62
Graham Number28.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.22% | ||
| ROE | 14.13% | ||
| ROCE | 29.35% | ||
| ROIC | 23.19% | ||
| ROICexc | 29.7% | ||
| ROICexgc | 32.3% | ||
| OM | 27.99% | ||
| PM (TTM) | 5.35% | ||
| GM | 48.66% | ||
| FCFM | 6.34% |
ROA(3y)11.06%
ROA(5y)6.92%
ROE(3y)32.85%
ROE(5y)20.85%
ROIC(3y)33.97%
ROIC(5y)25.77%
ROICexc(3y)49.28%
ROICexc(5y)37.09%
ROICexgc(3y)53.02%
ROICexgc(5y)40%
ROCE(3y)44.25%
ROCE(5y)33.68%
ROICexgc growth 3Y-4.25%
ROICexgc growth 5Y16.79%
ROICexc growth 3Y-3.9%
ROICexc growth 5Y18.15%
OM growth 3Y-8.38%
OM growth 5Y5.28%
PM growth 3Y-3.8%
PM growth 5Y23.92%
GM growth 3Y-5.36%
GM growth 5Y-0.73%
F-Score5
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 4.56 | ||
| Debt/EBITDA | 0.6 | ||
| Cap/Depr | 113.26% | ||
| Cap/Sales | 12.6% | ||
| Interest Coverage | 44.4 | ||
| Cash Conversion | 48.43% | ||
| Profit Quality | 118.62% | ||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.46 |
F-Score5
WACC7.08%
ROIC/WACC3.27
Cap/Depr(3y)119.04%
Cap/Depr(5y)96.27%
Cap/Sales(3y)9.19%
Cap/Sales(5y)11.03%
Profit Quality(3y)100.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-28.57%
EPS 3Y-2.27%
EPS 5Y16.82%
EPS Q2Q%-53.16%
EPS Next Y-13%
EPS Next 2Y-3.96%
EPS Next 3Y-0.44%
EPS Next 5Y-0.15%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y4.92%
Revenue growth 5Y10.24%
Sales Q2Q%2.14%
Revenue Next Year-0.1%
Revenue Next 2Y-3.36%
Revenue Next 3Y-1.86%
Revenue Next 5Y-4.76%
EBIT growth 1Y-3.66%
EBIT growth 3Y-3.87%
EBIT growth 5Y16.06%
EBIT Next Year30.46%
EBIT Next 3Y6.74%
EBIT Next 5Y1.93%
FCF growth 1Y-57.61%
FCF growth 3Y-27.45%
FCF growth 5Y17.48%
OCF growth 1Y-22.67%
OCF growth 3Y-11.3%
OCF growth 5Y7.9%
EQUINOR ASA-SPON ADR / EQNR FAQ
What is the ChartMill fundamental rating of EQUINOR ASA-SPON ADR (EQNR) stock?
ChartMill assigns a fundamental rating of 6 / 10 to EQNR.
Can you provide the valuation status for EQUINOR ASA-SPON ADR?
ChartMill assigns a valuation rating of 6 / 10 to EQUINOR ASA-SPON ADR (EQNR). This can be considered as Fairly Valued.
Can you provide the profitability details for EQUINOR ASA-SPON ADR?
EQUINOR ASA-SPON ADR (EQNR) has a profitability rating of 7 / 10.
What is the valuation of EQUINOR ASA-SPON ADR based on its PE and PB ratios?
The Price/Earnings (PE) ratio for EQUINOR ASA-SPON ADR (EQNR) is 10.45 and the Price/Book (PB) ratio is 1.51.
Can you provide the financial health for EQNR stock?
The financial health rating of EQUINOR ASA-SPON ADR (EQNR) is 5 / 10.