NOL Fundamental Analysis - NORTHERN OCEAN LTD

Fundamental Rating

Taking everything into account, NOL scores 2 out of 10 in our fundamental rating. NOL was compared to 37 industry peers in the Energy Equipment & Services industry. NOL may be in some trouble as it scores bad on both profitability and health. NOL has a decent growth rate and is not valued too expensively.

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1. Profitability

1.1 Basic Checks

NOL had negative earnings in the past year.

In the past year NOL has reported a negative cash flow from operations.

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

NOL's Return On Assets of -7.12% is on the low side compared to the rest of the industry. NOL is outperformed by 91.89% of its industry peers.

NOL's Return On Equity of -18.11% is on the low side compared to the rest of the industry. NOL is outperformed by 89.19% of its industry peers.

		Industry Rank	Sector Rank
ROA	-7.12%
ROE	-18.11%
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

1.3 Margins

NOL has a Gross Margin (24.96%) which is comparable to the rest of the industry.

In the last couple of years the Gross Margin of NOL has grown nicely.

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	24.96%

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.

The number of shares outstanding for NOL has been increased compared to 1 year ago.

The number of shares outstanding for NOL has been increased compared to 5 years ago.

Compared to 1 year ago, NOL has a worse debt to assets ratio.

2.2 Solvency

NOL has an Altman-Z score of -0.40. This is a bad value and indicates that NOL is not financially healthy and even has some risk of bankruptcy.

With a Altman-Z score value of -0.40, NOL is not doing good in the industry: 62.16% of the companies in the same industry are doing better.

NOL has a Debt/Equity ratio of 0.59. This is a neutral value indicating NOL is somewhat dependend on debt financing.

NOL has a Debt to Equity ratio (0.59) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.59
Debt/FCF	N/A
Altman-Z	-0.4

ROIC/WACCN/A

WACC7.72%

2.3 Liquidity

NOL has a Current Ratio of 0.27. 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 0.27, NOL is not doing good in the industry: 91.89% of the companies in the same industry are doing better.

NOL has a Quick Ratio of 0.27. 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's Quick ratio of 0.27 is on the low side compared to the rest of the industry. NOL is outperformed by 91.89% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.27
Quick Ratio	0.27

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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 negative growth in Earnings Per Share. In the last year the EPS decreased by -17.86%.

NOL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -32.48%.

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)-17.86%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-66.67%

Revenue 1Y (TTM)-32.48%

Revenue growth 3Y57.31%

Revenue growth 5Y79.78%

Sales Q2Q%-25.14%

3.2 Future

NOL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.98% yearly.

Based on estimates for the next years, NOL will show a small growth in Revenue. The Revenue will grow by 3.73% on average per year.

EPS Next Y44.77%

EPS Next 2Y50.08%

EPS Next 3Y26.98%

EPS Next 5YN/A

Revenue Next Year-11.15%

Revenue Next 2Y7.71%

Revenue Next 3Y3.73%

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.

Based on the Price/Forward Earnings ratio of 7.94, the valuation of NOL can be described as very cheap.

Compared to the rest of the industry, the Price/Forward Earnings ratio of NOL indicates a somewhat cheap valuation: NOL is cheaper than 62.16% of the companies listed in the same industry.

NOL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.54.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	7.94

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NOL is valued a bit more expensive than 75.68% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	19.79

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

NOL's earnings are expected to grow with 26.98% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y50.08%

EPS Next 3Y26.98%

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5. Dividend

5.1 Amount

No dividends for NOL!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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NORTHERN OCEAN LTD

OSL:NOL (9/10/2025, 7:00:00 PM)

6.4

+0.18 (+2.89%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)08-29 2025-08-29/bmo

Earnings (Next)11-28 2025-11-28

Inst Owners8.02%

Inst Owner ChangeN/A

Ins Owners0.02%

Ins Owner ChangeN/A

Market Cap1.94B

Analysts80

Price Target7.99 (24.84%)

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)47.96%

Min EPS beat(2)33.99%

Max EPS beat(2)61.92%

EPS beat(4)2

Avg EPS beat(4)-40.16%

Min EPS beat(4)-147.52%

Max EPS beat(4)61.92%

EPS beat(8)2

Avg EPS beat(8)-145.66%

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)2

Avg Revenue beat(2)40.41%

Min Revenue beat(2)10.56%

Max Revenue beat(2)70.25%

Revenue beat(4)2

Avg Revenue beat(4)17.67%

Min Revenue beat(4)-5.3%

Max Revenue beat(4)70.25%

Revenue beat(8)5

Avg Revenue beat(8)12.49%

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)-4.08%

PT rev (3m)-4.08%

EPS NQ rev (1m)42.86%

EPS NQ rev (3m)-100%

EPS NY rev (1m)-9.37%

EPS NY rev (3m)-9.37%

Revenue NQ rev (1m)29.91%

Revenue NQ rev (3m)-1.45%

Revenue NY rev (1m)-0.07%

Revenue NY rev (3m)-0.63%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	7.94
P/S	0.9
P/FCF	N/A
P/OCF	N/A
P/B	0.46
P/tB	0.46
EV/EBITDA	19.79

EPS(TTM)-3.29

EYN/A

EPS(NY)0.81

Fwd EY12.59%

FCF(TTM)-2.68

FCFYN/A

OCF(TTM)-0.44

OCFYN/A

SpS7.1

BVpS13.81

TBVpS13.81

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-7.12%
ROE	-18.11%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	24.96%
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

ROICexcg growth 3YN/A

ROICexcg 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-Score3

Asset Turnover0.2

Health

		Industry Rank	Sector Rank
Debt/Equity	0.59
Debt/FCF	N/A
Debt/EBITDA	6.95
Cap/Depr	126.62%
Cap/Sales	31.56%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	0.27
Quick Ratio	0.27
Altman-Z	-0.4

F-Score3

WACC7.72%

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)-17.86%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-66.67%

EPS Next Y44.77%

EPS Next 2Y50.08%

EPS Next 3Y26.98%

EPS Next 5YN/A

Revenue 1Y (TTM)-32.48%

Revenue growth 3Y57.31%

Revenue growth 5Y79.78%

Sales Q2Q%-25.14%

Revenue Next Year-11.15%

Revenue Next 2Y7.71%

Revenue Next 3Y3.73%

Revenue Next 5YN/A

EBIT growth 1Y-1984.82%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year900.83%

EBIT Next 3Y171.58%

EBIT Next 5YN/A

FCF growth 1Y19.05%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y79.75%

OCF growth 3YN/A

OCF growth 5YN/A

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

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5. Dividend

5.1 Amount

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