NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:NAS - NO0010196140 - Common Stock
17.05 NOK
-0.43 (-2.46%)
Taking everything into account, NAS scores 5 out of 10 in our fundamental rating. NAS was compared to 13 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of NAS get a neutral evaluation. Nothing too spectacular is happening here. NAS may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
NAS had positive earnings in the past year.
In the past year NAS had a positive cash flow from operations.
NAS had positive earnings in 4 of the past 5 years.
Of the past 5 years NAS 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.96%, NAS is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
NAS has a better Return On Equity (32.55%) than 92.31% of its industry peers.
With a decent Return On Invested Capital value of 10.23%, NAS is doing good in the industry, outperforming 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 32.55% | ||
| ROIC | 10.23% |
ROA(3y)4.57%
ROA(5y)-4.57%
ROE(3y)24.24%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NAS's Profit Margin of 6.70% is fine compared to the rest of the industry. NAS outperforms 76.92% of its industry peers.
NAS's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 9.68%, NAS is doing good in the industry, outperforming 76.92% of the companies in the same industry.
NAS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 52.55%, NAS is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
NAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.68% | ||
| PM (TTM) | 6.7% | ||
| GM | 52.55% |
OM growth 3YN/A
OM growth 5Y26.07%
PM growth 3Y-52.98%
PM growth 5YN/A
GM growth 3Y29.93%
GM growth 5Y4.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NAS is creating some value.
The number of shares outstanding for NAS has been increased compared to 1 year ago.
The number of shares outstanding for NAS has been increased compared to 5 years ago.
NAS has a better debt/assets ratio than last year.
2.2 Solvency
NAS has a debt to FCF ratio of 4.96. This is a neutral value as NAS would need 4.96 years to pay back of all of its debts.
NAS's Debt to FCF ratio of 4.96 is amongst the best of the industry. NAS outperforms 84.62% of its industry peers.
A Debt/Equity ratio of 1.49 is on the high side and indicates that NAS has dependencies on debt financing.
NAS has a Debt to Equity ratio of 1.49. This is comparable to the rest of the industry: NAS outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC1.2
WACC8.5%
2.3 Liquidity
NAS has a Current Ratio of 1.03. This is a normal value and indicates that NAS is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NAS (1.03) is better than 100.00% of its industry peers.
NAS has a Quick Ratio of 1.03. This is a bad value and indicates that NAS is not financially healthy enough and could expect problems in meeting its short term obligations.
NAS has a Quick ratio of 0.99. This is amongst the best in the industry. NAS outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 57.35% over the past year.
The earnings per share for NAS have been decreasing by -23.42% on average. This is quite bad
The Revenue has grown by 13.19% in the past year. This is quite good.
Measured over the past years, NAS shows a decrease in Revenue. The Revenue has been decreasing by -4.09% on average per year.
EPS 1Y (TTM)57.35%
EPS 3Y-23.42%
EPS 5YN/A
EPS Q2Q%35.39%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
3.2 Future
Based on estimates for the next years, NAS will show a very strong growth in Earnings Per Share. The EPS will grow by 27.44% on average per year.
NAS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.27% yearly.
EPS Next Y138.47%
EPS Next 2Y45.36%
EPS Next 3Y33.83%
EPS Next 5Y27.44%
Revenue Next Year6.51%
Revenue Next 2Y6.55%
Revenue Next 3Y6.17%
Revenue Next 5Y9.27%
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 accelerating.
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
The Price/Earnings ratio is 7.97, which indicates a rather cheap valuation of NAS.
Compared to the rest of the industry, the Price/Earnings ratio of NAS is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.15, NAS is valued rather cheaply.
A Price/Forward Earnings ratio of 8.41 indicates a reasonable valuation of NAS.
69.23% of the companies in the same industry are cheaper than NAS, based on the Price/Forward Earnings ratio.
NAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.97 | ||
| Fwd PE | 8.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NAS is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NAS is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.06 | ||
| EV/EBITDA | 2.58 |
4.3 Compensation for Growth
NAS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of NAS may justify a higher PE ratio.
NAS's earnings are expected to grow with 33.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y45.36%
EPS Next 3Y33.83%
5. Dividend
5.1 Amount
NAS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:NAS (11/27/2025, 4:19:49 PM)
17.05
-0.43 (-2.46%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners35.88%
Inst Owner ChangeN/A
Ins Owners0.36%
Ins Owner ChangeN/A
Market Cap17.99B
Revenue(TTM)37.35B
Net Income(TTM)2.50B
Analysts78.18
Price Target17.09 (0.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.34%
Min EPS beat(2)16.82%
Max EPS beat(2)27.86%
EPS beat(4)3
Avg EPS beat(4)0.11%
Min EPS beat(4)-52.76%
Max EPS beat(4)27.86%
EPS beat(8)5
Avg EPS beat(8)30.09%
EPS beat(12)7
Avg EPS beat(12)24.45%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.43%
Min Revenue beat(2)-0.15%
Max Revenue beat(2)1.01%
Revenue beat(4)3
Avg Revenue beat(4)1.82%
Min Revenue beat(4)-0.15%
Max Revenue beat(4)4.79%
Revenue beat(8)6
Avg Revenue beat(8)3.33%
Revenue beat(12)10
Avg Revenue beat(12)16.13%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.08%
PT rev (3m)1.08%
EPS NQ rev (1m)178.26%
EPS NQ rev (3m)209.09%
EPS NY rev (1m)19.51%
EPS NY rev (3m)15.06%
Revenue NQ rev (1m)0.97%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.97 | ||
| Fwd PE | 8.41 | ||
| P/S | 0.48 | ||
| P/FCF | 6.06 | ||
| P/OCF | 2.34 | ||
| P/B | 2.34 | ||
| P/tB | 3.15 | ||
| EV/EBITDA | 2.58 |
EPS(TTM)2.14
EY12.55%
EPS(NY)2.03
Fwd EY11.9%
FCF(TTM)2.82
FCFY16.51%
OCF(TTM)7.29
OCFY42.75%
SpS35.4
BVpS7.28
TBVpS5.42
PEG (NY)0.06
PEG (5Y)N/A
Graham Number18.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 32.55% | ||
| ROCE | 13.29% | ||
| ROIC | 10.23% | ||
| ROICexc | 16.68% | ||
| ROICexgc | 18.9% | ||
| OM | 9.68% | ||
| PM (TTM) | 6.7% | ||
| GM | 52.55% | ||
| FCFM | 7.95% |
ROA(3y)4.57%
ROA(5y)-4.57%
ROE(3y)24.24%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y60.91%
ROICexc growth 3YN/A
ROICexc growth 5Y59.71%
OM growth 3YN/A
OM growth 5Y26.07%
PM growth 3Y-52.98%
PM growth 5YN/A
GM growth 3Y29.93%
GM growth 5Y4.87%
F-Score6
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 113.77% | ||
| Cap/Sales | 12.64% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 99.03% | ||
| Profit Quality | 118.76% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | N/A |
F-Score6
WACC8.5%
ROIC/WACC1.2
Cap/Depr(3y)15.75%
Cap/Depr(5y)9.82%
Cap/Sales(3y)2.09%
Cap/Sales(5y)1.38%
Profit Quality(3y)307.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)57.35%
EPS 3Y-23.42%
EPS 5YN/A
EPS Q2Q%35.39%
EPS Next Y138.47%
EPS Next 2Y45.36%
EPS Next 3Y33.83%
EPS Next 5Y27.44%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
Revenue Next Year6.51%
Revenue Next 2Y6.55%
Revenue Next 3Y6.17%
Revenue Next 5Y9.27%
EBIT growth 1Y57.72%
EBIT growth 3YN/A
EBIT growth 5Y20.92%
EBIT Next Year292.43%
EBIT Next 3Y68.31%
EBIT Next 5Y45.55%
FCF growth 1Y-38.58%
FCF growth 3Y256.62%
FCF growth 5Y21.9%
OCF growth 1Y75.78%
OCF growth 3Y268.24%
OCF growth 5Y17.99%
NORWEGIAN AIR SHUTTLE AS / NAS.OL FAQ
Can you provide the ChartMill fundamental rating for NORWEGIAN AIR SHUTTLE AS?
ChartMill assigns a fundamental rating of 5 / 10 to NAS.OL.
What is the valuation status for NAS stock?
ChartMill assigns a valuation rating of 7 / 10 to NORWEGIAN AIR SHUTTLE AS (NAS.OL). This can be considered as Undervalued.
Can you provide the profitability details for NORWEGIAN AIR SHUTTLE AS?
NORWEGIAN AIR SHUTTLE AS (NAS.OL) has a profitability rating of 6 / 10.
Can you provide the financial health for NAS stock?
The financial health rating of NORWEGIAN AIR SHUTTLE AS (NAS.OL) is 4 / 10.
What is the expected EPS growth for NORWEGIAN AIR SHUTTLE AS (NAS.OL) stock?
The Earnings per Share (EPS) of NORWEGIAN AIR SHUTTLE AS (NAS.OL) is expected to grow by 138.47% in the next year.