NOL Fundamental Analysis - NORTHERN OCEAN LTD

Fundamental Rating

Overall NOL gets a fundamental rating of 2 out of 10. We evaluated NOL against 36 industry peers in the Energy Equipment & Services industry. NOL may be in some trouble as it scores bad on both profitability and health. NOL is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

1.1 Basic Checks

In the past year NOL has reported negative net income.

NOL had a positive operating cash flow in the past year.

In the past 5 years NOL always reported negative net income.

In the past 5 years NOL reported 4 times negative operating cash flow.

1.2 Ratios

With a Return On Assets value of -6.24%, NOL is not doing good in the industry: 88.89% of the companies in the same industry are doing better.

With a Return On Equity value of -16.71%, NOL is not doing good in the industry: 91.67% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	-6.24%
ROE	-16.71%
ROIC	N/A

ROA(3y)-7.31%

ROA(5y)-5.26%

ROE(3y)-16.46%

ROE(5y)-11.76%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Gross Margin, with a value of 29.62%, NOL is in line with its industry, outperforming 55.56% of the companies in the same industry.

NOL's Gross Margin has improved in the last couple of years.

The Profit Margin and Operating Margin are not available for NOL so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	29.62%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-2.2%

GM growth 5Y128.67%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

NOL does not have a ROIC to compare to the WACC, probably because it is not profitable.

NOL has more shares outstanding than it did 1 year ago.

Compared to 5 years ago, NOL has more shares outstanding

NOL has a worse debt/assets ratio than last year.

2.2 Solvency

NOL has an Altman-Z score of -0.34. This is a bad value and indicates that NOL is not financially healthy and even has some risk of bankruptcy.

NOL has a Altman-Z score (-0.34) which is comparable to the rest of the industry.

A Debt/Equity ratio of 0.63 indicates that NOL is somewhat dependend on debt financing.

NOL's Debt to Equity ratio of 0.63 is in line compared to the rest of the industry. NOL outperforms 47.22% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.63
Debt/FCF	N/A
Altman-Z	-0.34

ROIC/WACCN/A

WACC7.84%

2.3 Liquidity

NOL has a Current Ratio of 0.26. This is a bad value and indicates that NOL is not financially healthy enough and could expect problems in meeting its short term obligations.

With a Current ratio value of 0.26, NOL is not doing good in the industry: 94.44% of the companies in the same industry are doing better.

NOL has a Quick Ratio of 0.26. This is a bad value and indicates that NOL is not financially healthy enough and could expect problems in meeting its short term obligations.

NOL has a worse Quick ratio (0.26) than 94.44% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.26
Quick Ratio	0.26

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

NOL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.84%, which is quite impressive.

Looking at the last year, NOL shows a very negative growth in Revenue. The Revenue has decreased by -16.35% in the last year.

Measured over the past years, NOL shows a very strong growth in Revenue. The Revenue has been growing by 79.78% on average per year.

EPS 1Y (TTM)37.84%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%52.63%

Revenue 1Y (TTM)-16.35%

Revenue growth 3Y57.31%

Revenue growth 5Y79.78%

Sales Q2Q%44.06%

3.2 Future

Based on estimates for the next years, NOL will show a very strong growth in Earnings Per Share. The EPS will grow by 27.19% on average per year.

The Revenue is expected to grow by 4.26% on average over the next years.

EPS Next Y41.7%

EPS Next 2Y39.92%

EPS Next 3Y27.19%

EPS Next 5YN/A

Revenue Next Year-11.99%

Revenue Next 2Y5%

Revenue Next 3Y4.26%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NOL. In the last year negative earnings were reported.

Also next year NOL is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NOL is valued a bit more expensive than 75.00% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	15.83

4.3 Compensation for Growth

A more expensive valuation may be justified as NOL's earnings are expected to grow with 27.19% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y39.92%

EPS Next 3Y27.19%

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

No dividends for NOL!.

		Industry Rank	Sector Rank
Dividend Yield	0%

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NORTHERN OCEAN LTD

OSL:NOL (12/30/2025, 7:00:00 PM)

8.63

+0.08 (+0.94%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)11-28 2025-11-28/dmh

Earnings (Next)02-27 2026-02-27/amc

Inst Owners8.65%

Inst Owner ChangeN/A

Ins Owners0.02%

Ins Owner ChangeN/A

Market Cap2.62B

Revenue(TTM)232.99M

Net Income(TTM)-66.00M

Analysts77.78

Price Target6.8 (-21.21%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	0%

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)1

Avg EPS beat(2)-30.43%

Min EPS beat(2)-122.77%

Max EPS beat(2)61.92%

EPS beat(4)2

Avg EPS beat(4)-43.6%

Min EPS beat(4)-147.52%

Max EPS beat(4)61.92%

EPS beat(8)2

Avg EPS beat(8)-111.62%

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)30.21%

Min Revenue beat(2)-9.84%

Max Revenue beat(2)70.25%

Revenue beat(4)2

Avg Revenue beat(4)16.42%

Min Revenue beat(4)-9.84%

Max Revenue beat(4)70.25%

Revenue beat(8)4

Avg Revenue beat(8)10.02%

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)0%

PT rev (3m)-14.89%

EPS NQ rev (1m)0%

EPS NQ rev (3m)0%

EPS NY rev (1m)0%

EPS NY rev (3m)-5.55%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.95%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	1.12
P/FCF	N/A
P/OCF	130.08
P/B	0.66
P/tB	0.66
EV/EBITDA	15.83

EPS(TTM)-2.31

EYN/A

EPS(NY)-0.14

Fwd EYN/A

FCF(TTM)-1.79

FCFYN/A

OCF(TTM)0.07

OCFY0.77%

SpS7.73

BVpS13.1

TBVpS13.1

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-6.24%
ROE	-16.71%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	29.62%
FCFM	N/A

ROA(3y)-7.31%

ROA(5y)-5.26%

ROE(3y)-16.46%

ROE(5y)-11.76%

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 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-2.2%

GM growth 5Y128.67%

F-Score5

Asset Turnover0.22

Health

		Industry Rank	Sector Rank
Debt/Equity	0.63
Debt/FCF	N/A
Debt/EBITDA	4.92
Cap/Depr	98.25%
Cap/Sales	24.04%
Interest Coverage	N/A
Cash Conversion	3.95%
Profit Quality	N/A
Current Ratio	0.26
Quick Ratio	0.26
Altman-Z	-0.34

F-Score5

WACC7.84%

ROIC/WACCN/A

Cap/Depr(3y)78.53%

Cap/Depr(5y)75.13%

Cap/Sales(3y)21.04%

Cap/Sales(5y)21.41%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)37.84%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%52.63%

EPS Next Y41.7%

EPS Next 2Y39.92%

EPS Next 3Y27.19%

EPS Next 5YN/A

Revenue 1Y (TTM)-16.35%

Revenue growth 3Y57.31%

Revenue growth 5Y79.78%

Sales Q2Q%44.06%

Revenue Next Year-11.99%

Revenue Next 2Y5%

Revenue Next 3Y4.26%

Revenue Next 5YN/A

EBIT growth 1Y56.28%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year840.7%

EBIT Next 3Y161.32%

EBIT Next 5YN/A

FCF growth 1Y59%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y102.34%

OCF growth 3YN/A

OCF growth 5YN/A

NORTHERN OCEAN LTD / NOL.OL FAQ

What is the fundamental rating for NOL stock?

ChartMill assigns a fundamental rating of 2 / 10 to NOL.OL.

Can you provide the valuation status for NORTHERN OCEAN LTD?

ChartMill assigns a valuation rating of 1 / 10 to NORTHERN OCEAN LTD (NOL.OL). This can be considered as Overvalued.

What is the profitability of NOL stock?

NORTHERN OCEAN LTD (NOL.OL) has a profitability rating of 1 / 10.

Can you provide the financial health for NOL stock?

The financial health rating of NORTHERN OCEAN LTD (NOL.OL) is 1 / 10.

NORTHERN OCEAN LTD (NOL.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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NORTHERN OCEAN LTD / NOL.OL FAQ

What is the fundamental rating for NOL stock?

Can you provide the valuation status for NORTHERN OCEAN LTD?

What is the profitability of NOL stock?

Can you provide the financial health for NOL stock?