EQUINOR ASA-SPON ADR (EQNR) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:EQNR • US29446M1027
26.85 USD
-0.06 (-0.22%)
At close: Jan 30, 2026
26.95 USD
+0.1 (+0.37%)
After Hours: 1/30/2026, 8:04:00 PM
Overall EQNR gets a fundamental rating of 5 out of 10. We evaluated EQNR against 207 industry peers in the Oil, Gas & Consumable Fuels industry. EQNR scores excellent on profitability, but there are some minor concerns on its financial health. EQNR has a bad growth rate and is valued cheaply. These ratings could make EQNR a good candidate for value investing.
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.
- EQNR had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years EQNR had a positive operating cash flow.
1.2 Ratios
- EQNR has a Return On Assets of 4.22%. This is comparable to the rest of the industry: EQNR outperforms 58.45% of its industry peers.
- EQNR has a better Return On Equity (14.13%) than 76.81% of its industry peers.
- With an excellent Return On Invested Capital value of 23.19%, EQNR belongs to the best of the industry, outperforming 97.10% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for EQNR is significantly above the industry average of 21.94%.
- 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
- EQNR has a Profit Margin (5.35%) which is comparable to the rest of the industry.
- EQNR's Profit Margin has improved in the last couple of years.
- EQNR has a Operating Margin of 27.99%. This is in the better half of the industry: EQNR outperforms 70.05% of its industry peers.
- EQNR's Operating Margin has improved in the last couple of years.
- EQNR's Gross Margin of 48.66% is in line compared to the rest of the industry. EQNR outperforms 58.45% of its industry peers.
- 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
- EQNR has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, EQNR has less shares outstanding
- Compared to 5 years ago, EQNR has less shares outstanding
- EQNR has a worse debt/assets ratio than last year.
2.2 Solvency
- EQNR has an Altman-Z score of 2.50. 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.
- Looking at the Altman-Z score, with a value of 2.50, EQNR is in the better half of the industry, outperforming 74.88% of the companies in the same industry.
- The Debt to FCF ratio of EQNR is 4.56, which is a neutral value as it means it would take EQNR, 4.56 years of fcf income to pay off all of its debts.
- EQNR has a Debt to FCF ratio of 4.56. This is in the better half of the industry: EQNR outperforms 66.18% of its industry peers.
- A Debt/Equity ratio of 0.62 indicates that EQNR is somewhat dependend on debt financing.
- The Debt to Equity ratio of EQNR (0.62) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 2.5 |
ROIC/WACC3.42
WACC6.78%
2.3 Liquidity
- A Current Ratio of 1.23 indicates that EQNR should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.23, EQNR perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
- 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
- The earnings per share for EQNR have decreased strongly by -28.57% in the last year.
- 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
- Based on estimates for the next years, EQNR will show a decrease in Earnings Per Share. The EPS will decrease by -0.02% on average per year.
- 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-17.83%
EPS Next 2Y-7.18%
EPS Next 3Y-2.2%
EPS Next 5Y-0.02%
Revenue Next Year0.77%
Revenue Next 2Y-4.32%
Revenue Next 3Y-2.5%
Revenue Next 5Y-4.76%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- A Price/Earnings ratio of 11.52 indicates a reasonable valuation of EQNR.
- EQNR's Price/Earnings ratio is a bit cheaper when compared to the industry. EQNR is cheaper than 78.74% of the companies in the same industry.
- When comparing the Price/Earnings ratio of EQNR to the average of the S&P500 Index (28.30), we can say EQNR is valued rather cheaply.
- A Price/Forward Earnings ratio of 9.54 indicates a reasonable valuation of EQNR.
- EQNR's Price/Forward Earnings ratio is rather cheap when compared to the industry. EQNR is cheaper than 85.02% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. EQNR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.52 | ||
| Fwd PE | 9.54 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, EQNR is valued cheaper than 99.03% of the companies in the same industry.
- EQNR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EQNR is cheaper than 81.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.88 | ||
| EV/EBITDA | 1.47 |
4.3 Compensation for Growth
- EQNR has a very decent profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as EQNR's earnings are expected to decrease with -2.20% in the coming years.
PEG (NY)N/A
PEG (5Y)0.69
EPS Next 2Y-7.18%
EPS Next 3Y-2.2%
5. Dividend
5.1 Amount
- EQNR has a Yearly Dividend Yield of 6.01%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.73, 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 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.01% |
5.2 History
- On average, the dividend of EQNR grows each year by 24.62%, which is quite nice.
- EQNR has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)24.62%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 101.05% of the earnings are spent on dividend by EQNR. 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-7.18%
EPS Next 3Y-2.2%
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 5 / 10 to EQNR.
What is the valuation status of EQUINOR ASA-SPON ADR (EQNR) stock?
ChartMill assigns a valuation rating of 7 / 10 to EQUINOR ASA-SPON ADR (EQNR). This can be considered as Undervalued.
How profitable is EQUINOR ASA-SPON ADR (EQNR) stock?
EQUINOR ASA-SPON ADR (EQNR) has a profitability rating of 7 / 10.
What is the financial health of EQUINOR ASA-SPON ADR (EQNR) stock?
The financial health rating of EQUINOR ASA-SPON ADR (EQNR) is 5 / 10.
What is the expected EPS growth for EQUINOR ASA-SPON ADR (EQNR) stock?
The Earnings per Share (EPS) of EQUINOR ASA-SPON ADR (EQNR) is expected to decline by -17.83% in the next year.