NORTHERN OCEAN LTD (NOL.OL) Fundamental Analysis & Valuation

OSL:NOL • BMG6682J1036

Current stock price

9 NOK
+0.07 (+0.78%)
Last:

This NOL.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. NOL.OL Profitability Analysis

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.
  • NOL had negative earnings in each of the past 5 years.
  • NOL had negative operating cash flow in 4 of the past 5 years.
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 2025 0 -50M -100M -150M -200M

1.2 Ratios

  • NOL has a worse Return On Assets (-20.25%) than 94.87% of its industry peers.
  • NOL has a Return On Equity of -29.75%. This is amonst the worse of the industry: NOL underperforms 94.87% of its industry peers.
Industry RankSector Rank
ROA -20.25%
ROE -29.75%
ROIC N/A
ROA(3y)-11.11%
ROA(5y)-8.65%
ROE(3y)-20.23%
ROE(5y)-16.25%
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 2025 0 20 -20 40 60 80

1.3 Margins

  • With a Gross Margin value of 13.67%, NOL perfoms like the industry average, outperforming 43.59% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NOL has declined.
  • The Profit Margin and Operating Margin are not available for NOL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 13.67%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-5.75%
NOL.OL Yearly Profit, Operating, Gross MarginsNOL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

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4

2. NOL.OL Health Analysis

2.1 Basic Checks

  • NOL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • NOL has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NOL has been increased compared to 5 years ago.
  • The debt/assets ratio for NOL has been reduced compared to a year ago.
NOL.OL Yearly Shares OutstandingNOL.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 0.09, we must say that NOL is in the distress zone and has some risk of bankruptcy.
  • NOL has a Altman-Z score of 0.09. This is comparable to the rest of the industry: NOL outperforms 53.85% of its industry peers.
  • NOL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.09
ROIC/WACCN/A
WACC8.52%
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 2025 0 200M -200M 400M

2.3 Liquidity

  • NOL has a Current Ratio of 0.42. 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 0.42, NOL is not doing good in the industry: 94.87% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.42 indicates that NOL may have some problems paying its short term obligations.
  • The Quick ratio of NOL (0.42) is worse than 94.87% of its industry peers.
Industry RankSector Rank
Current Ratio 0.42
Quick Ratio 0.42
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 2025 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. NOL.OL Growth Analysis

3.1 Past

  • NOL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.37%.
  • The Revenue has been growing slightly by 5.90% in the past year.
  • NOL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.18% yearly.
EPS 1Y (TTM)-9.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-240%
Revenue 1Y (TTM)5.9%
Revenue growth 3Y134.52%
Revenue growth 5Y24.18%
Sales Q2Q%70.38%

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 39.35% on average per year.
  • The Revenue is expected to decrease by -12.81% on average over the next years. This is quite bad
EPS Next Y72.13%
EPS Next 2Y39.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-32.36%
Revenue Next 2Y-12.81%
Revenue Next 3YN/A
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 50M 100M 150M 200M 250M
NOL.OL Yearly EPS VS EstimatesNOL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6 -0.8 -1

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1

4. NOL.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • NOL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • 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 10 20

4.2 Price Multiples

  • NOL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. NOL is more expensive than 64.10% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.3
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 39.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.35%
EPS Next 3YN/A

More info and screens

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

0

5. NOL.OL Dividend Analysis

5.1 Amount

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

More info and screens

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NOL.OL Fundamentals: All Metrics, Ratios and Statistics

NORTHERN OCEAN LTD

OSL:NOL (3/13/2026, 7:00:00 PM)

9

+0.07 (+0.78%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-27
Earnings (Next)05-29
Inst Owners8.74%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap2.73B
Revenue(TTM)279.42M
Net Income(TTM)-102.66M
Analysts77.78
Price Target8.16 (-9.33%)
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)0
Avg EPS beat(2)-8427.23%
Min EPS beat(2)-16731.7%
Max EPS beat(2)-122.77%
EPS beat(4)2
Avg EPS beat(4)-4189.64%
Min EPS beat(4)-16731.7%
Max EPS beat(4)61.92%
EPS beat(8)2
Avg EPS beat(8)-2174.33%
EPS beat(12)4
Avg EPS beat(12)-1495.23%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)29.54%
Min Revenue beat(2)-9.84%
Max Revenue beat(2)68.91%
Revenue beat(4)3
Avg Revenue beat(4)34.97%
Min Revenue beat(4)-9.84%
Max Revenue beat(4)70.25%
Revenue beat(8)4
Avg Revenue beat(8)17.18%
Revenue beat(12)8
Avg Revenue beat(12)16.77%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)20%
PT rev (3m)20%
EPS NQ rev (1m)-50%
EPS NQ rev (3m)-50%
EPS NY rev (1m)-623.37%
EPS NY rev (3m)-623.37%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-46.2%
Revenue NY rev (3m)-46.2%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.01
P/FCF N/A
P/OCF 64.03
P/B 0.82
P/tB 0.82
EV/EBITDA 15.3
EPS(TTM)-3.38
EYN/A
EPS(NY)-0.94
Fwd EYN/A
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)0.14
OCFY1.56%
SpS8.9
BVpS11
TBVpS11
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -20.25%
ROE -29.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 13.67%
FCFM N/A
ROA(3y)-11.11%
ROA(5y)-8.65%
ROE(3y)-20.23%
ROE(5y)-16.25%
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 3YN/A
GM growth 5Y-5.75%
F-Score4
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 104.8%
Cap/Sales 20.68%
Interest Coverage N/A
Cash Conversion 19.69%
Profit Quality N/A
Current Ratio 0.42
Quick Ratio 0.42
Altman-Z 0.09
F-Score4
WACC8.52%
ROIC/WACCN/A
Cap/Depr(3y)109.98%
Cap/Depr(5y)68.41%
Cap/Sales(3y)20.78%
Cap/Sales(5y)16.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-240%
EPS Next Y72.13%
EPS Next 2Y39.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.9%
Revenue growth 3Y134.52%
Revenue growth 5Y24.18%
Sales Q2Q%70.38%
Revenue Next Year-32.36%
Revenue Next 2Y-12.81%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-223.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year18984.3%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y28.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y122.69%
OCF growth 3YN/A
OCF growth 5Y-21.17%

NORTHERN OCEAN LTD / NOL.OL Fundamental Analysis 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 4 / 10.