NORSKE SKOG ASA (NSKOG.OL) Fundamental Analysis & Valuation

OSL:NSKOG • NO0010861115

Current stock price

34.1 NOK
+1.4 (+4.28%)
Last:

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

4

1. NSKOG.OL Profitability Analysis

1.1 Basic Checks

  • NSKOG had positive earnings in the past year.
  • NSKOG had a positive operating cash flow in the past year.
  • In multiple years NSKOG reported negative net income over the last 5 years.
  • Of the past 5 years NSKOG 4 years had a positive operating cash flow.
NSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFNSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • NSKOG's Return On Assets of 2.75% is fine compared to the rest of the industry. NSKOG outperforms 75.00% of its industry peers.
  • With a decent Return On Equity value of 6.96%, NSKOG is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • NSKOG has a Return On Invested Capital of 1.46%. This is in the lower half of the industry: NSKOG underperforms 75.00% of its industry peers.
Industry RankSector Rank
ROA 2.75%
ROE 6.96%
ROIC 1.46%
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
ROIC(3y)N/A
ROIC(5y)N/A
NSKOG.OL Yearly ROA, ROE, ROICNSKOG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200

1.3 Margins

  • The Profit Margin of NSKOG (4.29%) is better than 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of NSKOG has declined.
  • NSKOG has a Operating Margin of 2.23%. This is in the lower half of the industry: NSKOG underperforms 66.67% of its industry peers.
  • NSKOG's Operating Margin has improved in the last couple of years.
  • NSKOG has a Gross Margin (34.02%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of NSKOG has declined.
Industry RankSector Rank
OM 2.23%
PM (TTM) 4.29%
GM 34.03%
OM growth 3Y-48.33%
OM growth 5Y7.12%
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-6.66%
GM growth 5Y-2.75%
NSKOG.OL Yearly Profit, Operating, Gross MarginsNSKOG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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1

2. NSKOG.OL Health Analysis

2.1 Basic Checks

  • NSKOG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NSKOG remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, NSKOG has more shares outstanding
  • The debt/assets ratio for NSKOG is higher compared to a year ago.
NSKOG.OL Yearly Shares OutstandingNSKOG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSKOG.OL Yearly Total Debt VS Total AssetsNSKOG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.64, we must say that NSKOG is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.64, NSKOG is doing worse than 83.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.76 indicates that NSKOG is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.76, NSKOG is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 0.64
ROIC/WACC0.26
WACC5.62%
NSKOG.OL Yearly LT Debt VS Equity VS FCFNSKOG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • NSKOG has a Current Ratio of 1.14. This is a normal value and indicates that NSKOG is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of NSKOG (1.14) is worse than 75.00% of its industry peers.
  • NSKOG has a Quick Ratio of 1.14. This is a bad value and indicates that NSKOG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.76, NSKOG is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.76
NSKOG.OL Yearly Current Assets VS Current LiabilitesNSKOG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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

5

3. NSKOG.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 113.26% over the past year.
  • Measured over the past years, NSKOG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -67.84% on average per year.
  • Looking at the last year, NSKOG shows a very negative growth in Revenue. The Revenue has decreased by -11.16% in the last year.
  • The Revenue has been growing slightly by 0.59% on average over the past years.
EPS 1Y (TTM)113.26%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%36.69%
Revenue 1Y (TTM)-11.16%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-2.89%

3.2 Future

  • NSKOG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -41.72% yearly.
  • Based on estimates for the next years, NSKOG will show a quite strong growth in Revenue. The Revenue will grow by 9.17% on average per year.
EPS Next Y-570.9%
EPS Next 2Y-41.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.01%
Revenue Next 2Y9.17%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NSKOG.OL Yearly Revenue VS EstimatesNSKOG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B
NSKOG.OL Yearly EPS VS EstimatesNSKOG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 -5 10 15

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0

4. NSKOG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 55.00, NSKOG can be considered very expensive at the moment.
  • NSKOG's Price/Earnings ratio is a bit more expensive when compared to the industry. NSKOG is more expensive than 66.67% of the companies in the same industry.
  • NSKOG is valuated expensively when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • The Forward Price/Earnings Ratio is negative for NSKOG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 55
Fwd PE N/A
NSKOG.OL Price Earnings VS Forward Price EarningsNSKOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NSKOG.OL Per share dataNSKOG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • NSKOG's earnings are expected to decrease with -41.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.72%
EPS Next 3YN/A

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

2

5. NSKOG.OL Dividend Analysis

5.1 Amount

  • NSKOG has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.98, NSKOG has a dividend in line with its industry peers.
  • NSKOG's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.65%

5.2 History

  • The dividend of NSKOG decreases each year by -52.50%.
Dividend Growth(5Y)-52.5%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • NSKOG's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP0%
EPS Next 2Y-41.72%
EPS Next 3YN/A
NSKOG.OL Yearly Income VS Free CF VS DividendNSKOG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

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NSKOG.OL Fundamentals: All Metrics, Ratios and Statistics

NORSKE SKOG ASA

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

34.1

+1.4 (+4.28%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)02-05
Earnings (Next)04-24
Inst Owners10.82%
Inst Owner ChangeN/A
Ins Owners20.58%
Ins Owner ChangeN/A
Market Cap2.89B
Revenue(TTM)9.45B
Net Income(TTM)405.00M
Analysts82
Price Target23.46 (-31.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0
Dividend Growth(5Y)-52.5%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.32%
Min EPS beat(2)-18.96%
Max EPS beat(2)-7.68%
EPS beat(4)2
Avg EPS beat(4)22.06%
Min EPS beat(4)-18.96%
Max EPS beat(4)93.79%
EPS beat(8)3
Avg EPS beat(8)-416.9%
EPS beat(12)5
Avg EPS beat(12)204.73%
EPS beat(16)8
Avg EPS beat(16)168.6%
Revenue beat(2)0
Avg Revenue beat(2)-6.53%
Min Revenue beat(2)-10.6%
Max Revenue beat(2)-2.45%
Revenue beat(4)0
Avg Revenue beat(4)-9.55%
Min Revenue beat(4)-23.8%
Max Revenue beat(4)-1.34%
Revenue beat(8)0
Avg Revenue beat(8)-13.41%
Revenue beat(12)0
Avg Revenue beat(12)-12.51%
Revenue beat(16)1
Avg Revenue beat(16)-10.23%
PT rev (1m)-13.21%
PT rev (3m)-2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.39%
EPS NY rev (3m)-23.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.32%
Revenue NY rev (3m)-6.32%
Valuation
Industry RankSector Rank
PE 55
Fwd PE N/A
P/S 0.31
P/FCF N/A
P/OCF 12.74
P/B 0.5
P/tB 0.5
EV/EBITDA N/A
EPS(TTM)0.62
EY1.82%
EPS(NY)-2.91
Fwd EYN/A
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY7.85%
SpS111.34
BVpS68.59
TBVpS68.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.93
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 6.96%
ROCE 1.9%
ROIC 1.46%
ROICexc 1.62%
ROICexgc 1.62%
OM 2.23%
PM (TTM) 4.29%
GM 34.03%
FCFM N/A
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
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 3Y-59.05%
ROICexgc growth 5Y-7.53%
ROICexc growth 3Y-59.05%
ROICexc growth 5Y-7.34%
OM growth 3Y-48.33%
OM growth 5Y7.12%
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-6.66%
GM growth 5Y-2.75%
F-Score4
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 10.4%
Interest Coverage 0.92
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.14
Quick Ratio 0.76
Altman-Z 0.64
F-Score4
WACC5.62%
ROIC/WACC0.26
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)19.48%
Cap/Sales(5y)16.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)113.26%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%36.69%
EPS Next Y-570.9%
EPS Next 2Y-41.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.16%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-2.89%
Revenue Next Year9.01%
Revenue Next 2Y9.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y30.25%
EBIT growth 3Y-55.25%
EBIT growth 5Y7.74%
EBIT Next Year524.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1613.33%
OCF growth 3Y-51.9%
OCF growth 5Y-16.19%

NORSKE SKOG ASA / NSKOG.OL Fundamental Analysis FAQ

What is the fundamental rating for NSKOG stock?

ChartMill assigns a fundamental rating of 3 / 10 to NSKOG.OL.


Can you provide the valuation status for NORSKE SKOG ASA?

ChartMill assigns a valuation rating of 0 / 10 to NORSKE SKOG ASA (NSKOG.OL). This can be considered as Overvalued.


What is the profitability of NSKOG stock?

NORSKE SKOG ASA (NSKOG.OL) has a profitability rating of 4 / 10.


How financially healthy is NORSKE SKOG ASA?

The financial health rating of NORSKE SKOG ASA (NSKOG.OL) is 1 / 10.


What is the earnings growth outlook for NORSKE SKOG ASA?

The Earnings per Share (EPS) of NORSKE SKOG ASA (NSKOG.OL) is expected to decline by -570.9% in the next year.