NORTHERN OCEAN LTD (NOL.OL) Stock Fundamental Analysis

OSL:NOL • BMG6682J1036

9.3 NOK
+0.09 (+0.98%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

Overall NOL gets a fundamental rating of 2 out of 10. We evaluated NOL against 37 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of NOL have multiple concerns. While showing a medium growth rate, NOL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • NOL had negative earnings in the past year.
  • NOL had a positive operating cash flow in the past year.
  • NOL had negative earnings in each of the past 5 years.
  • In the past 5 years NOL reported 4 times negative operating cash flow.
NOL.OL Yearly Net Income VS EBIT VS OCF VS FCFNOL.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -6.26%, NOL is doing worse than 91.89% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -16.76%, NOL is doing worse than 91.89% of the companies in the same industry.
Industry RankSector Rank
ROA -6.26%
ROE -16.76%
ROIC N/A
ROA(3y)-7.3%
ROA(5y)-5.25%
ROE(3y)-16.42%
ROE(5y)-11.74%
ROIC(3y)N/A
ROIC(5y)N/A
NOL.OL Yearly ROA, ROE, ROICNOL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

1.3 Margins

  • NOL has a Gross Margin of 29.57%. This is comparable to the rest of the industry: NOL outperforms 54.05% of its industry peers.
  • NOL's Gross Margin has improved in the last couple of years.
  • NOL does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 29.57%
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%
NOL.OL Yearly Profit, Operating, Gross MarginsNOL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

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.
  • NOL has more shares outstanding than it did 5 years ago.
  • NOL has a worse debt/assets ratio than last year.
NOL.OL Yearly Shares OutstandingNOL.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
NOL.OL Yearly Total Debt VS Total AssetsNOL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • NOL has an Altman-Z score of -0.31. 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 of -0.31. This is comparable to the rest of the industry: NOL outperforms 51.35% of its industry peers.
  • NOL has a Debt/Equity ratio of 0.63. This is a neutral value indicating NOL is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.63, NOL perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Altman-Z -0.31
ROIC/WACCN/A
WACC7.54%
NOL.OL Yearly LT Debt VS Equity VS FCFNOL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

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.
  • Looking at the Current ratio, with a value of 0.26, NOL is doing worse than 97.30% of the companies in the same industry.
  • A Quick Ratio of 0.26 indicates that NOL may have some problems paying its short term obligations.
  • NOL has a worse Quick ratio (0.26) than 97.30% of its industry peers.
Industry RankSector Rank
Current Ratio 0.26
Quick Ratio 0.26
NOL.OL Yearly Current Assets VS Current LiabilitesNOL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 37.84% over the past year.
  • The Revenue for NOL has decreased by -16.19% in the past year. This is quite bad
  • 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)-16.19%
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

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOL.OL Yearly Revenue VS EstimatesNOL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
NOL.OL Yearly EPS VS EstimatesNOL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -0.2 -0.4 -0.6 -0.8 -1

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NOL. In the last year negative earnings were reported.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NOL. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NOL.OL Price Earnings VS Forward Price EarningsNOL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NOL is valued a bit more expensive than 78.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.68
NOL.OL Per share dataNOL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • NOL's earnings are expected to grow with 27.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.92%
EPS Next 3Y27.19%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • NOL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

NORTHERN OCEAN LTD

OSL:NOL (2/12/2026, 7:00:00 PM)

9.3

+0.09 (+0.98%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-28
Earnings (Next)02-27
Inst Owners8.77%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap2.82B
Revenue(TTM)233.43M
Net Income(TTM)-66.19M
Analysts77.78
Price Target6.8 (-26.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-9.63%
Revenue NQ rev (3m)-9.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.27
P/FCF N/A
P/OCF 136.18
P/B 0.75
P/tB 0.75
EV/EBITDA 16.68
EPS(TTM)-2.18
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)-1.67
FCFYN/A
OCF(TTM)0.07
OCFY0.73%
SpS7.3
BVpS12.35
TBVpS12.35
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -6.26%
ROE -16.76%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 29.57%
FCFM N/A
ROA(3y)-7.3%
ROA(5y)-5.25%
ROE(3y)-16.42%
ROE(5y)-11.74%
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 RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Debt/EBITDA 4.95
Cap/Depr 98%
Cap/Sales 23.79%
Interest Coverage N/A
Cash Conversion 4.35%
Profit Quality N/A
Current Ratio 0.26
Quick Ratio 0.26
Altman-Z -0.31
F-Score5
WACC7.54%
ROIC/WACCN/A
Cap/Depr(3y)78.92%
Cap/Depr(5y)75.36%
Cap/Sales(3y)21.09%
Cap/Sales(5y)21.44%
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)-16.19%
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 1Y59.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y102.56%
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.