NSKOG Fundamental Analysis - NORSKE SKOG ASA

Fundamental Rating

NSKOG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 12 industry peers in the Paper & Forest Products industry. NSKOG has a bad profitability rating. Also its financial health evaluation is rather negative. NSKOG does not seem to be growing, but still is valued expensively.

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1. Profitability

1.1 Basic Checks

NSKOG had negative earnings in the past year.
In the past year NSKOG has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: NSKOG reported negative net income in multiple years.
In multiple years NSKOG reported negative operating cash flow during the last 5 years.

1.2 Ratios

The Return On Assets of NSKOG (-2.98%) is worse than 75.00% of its industry peers.
NSKOG has a Return On Equity of -7.13%. This is in the lower half of the industry: NSKOG underperforms 75.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.51%, NSKOG is doing worse than 66.67% of the companies in the same industry.
NSKOG had an Average Return On Invested Capital over the past 3 years of 7.92%. This is above the industry average of 5.34%.
The last Return On Invested Capital (2.51%) for NSKOG is well below the 3 year average (7.92%), which needs to be investigated, but indicates that NSKOG had better years and this may not be a problem.

		Industry Rank	Sector Rank
ROA	-2.98%
ROE	-7.13%
ROIC	2.51%

ROA(3y)6.63%

ROA(5y)-1.66%

ROE(3y)15.08%

ROE(5y)-4.97%

ROIC(3y)7.92%

ROIC(5y)5.72%

1.3 Margins

The Operating Margin of NSKOG (3.45%) is worse than 66.67% of its industry peers.
In the last couple of years the Operating Margin of NSKOG has declined.
With a Gross Margin value of 34.35%, NSKOG perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
NSKOG's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	3.45%
PM (TTM)	N/A
GM	34.35%

OM growth 3Y-10.16%

OM growth 5Y-29.15%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y5.45%

GM growth 5Y0.52%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

NSKOG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for NSKOG has been increased compared to 5 years ago.
NSKOG has a worse debt/assets ratio than last year.

2.2 Solvency

NSKOG has an Altman-Z score of 0.71. This is a bad value and indicates that NSKOG is not financially healthy and even has some risk of bankruptcy.
NSKOG has a worse Altman-Z score (0.71) than 83.33% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that NSKOG is somewhat dependend on debt financing.
The Debt to Equity ratio of NSKOG (0.79) is worse than 66.67% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	N/A
Altman-Z	0.71

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 1.39 indicates that NSKOG should not have too much problems paying its short term obligations.
The Current ratio of NSKOG (1.39) is comparable to the rest of the industry.
NSKOG has a Quick Ratio of 1.39. This is a bad value and indicates that NSKOG is not financially healthy enough and could expect problems in meeting its short term obligations.
NSKOG has a worse Quick ratio (0.78) than 66.67% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.39
Quick Ratio	0.78

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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

The earnings per share for NSKOG have decreased strongly by -114.57% in the last year.
Looking at the last year, NSKOG shows a very negative growth in Revenue. The Revenue has decreased by -78.63% in the last year.
NSKOG shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -29.57% yearly.

EPS 1Y (TTM)-114.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-24.41%

Revenue 1Y (TTM)-78.63%

Revenue growth 3Y-40.12%

Revenue growth 5Y-29.57%

Sales Q2Q%-16.21%

3.2 Future

Based on estimates for the next years, NSKOG will show a very strong growth in Earnings Per Share. The EPS will grow by 24.66% on average per year.
The Revenue is expected to grow by 2.37% on average over the next years.

EPS Next Y148.2%

EPS Next 2Y22.17%

EPS Next 3Y24.66%

EPS Next 5YN/A

Revenue Next Year-13.53%

Revenue Next 2Y0.2%

Revenue Next 3Y2.37%

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 accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

NSKOG 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 NSKOG. No positive earnings are expected for the next year.

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

4.2 Price Multiples

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

4.3 Compensation for Growth

A more expensive valuation may be justified as NSKOG's earnings are expected to grow with 24.66% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y22.17%

EPS Next 3Y24.66%

More info and screens

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5. Dividend

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 3.06, NSKOG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.84, NSKOG has a dividend comparable with the average S&P500 company.

		Industry Rank	Sector 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

DP0%

EPS Next 2Y22.17%

EPS Next 3Y24.66%

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Find the best dividend stocks

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NORSKE SKOG ASA

OSL:NSKOG (1/20/2026, 4:18:09 PM)

19.48

-0.34 (-1.72%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryPaper & Forest Products

Earnings (Last)10-24 2025-10-24/bmo

Earnings (Next)02-05 2026-02-05/amc

Inst Owners12.73%

Inst Owner ChangeN/A

Ins Owners20.58%

Ins Owner ChangeN/A

Market Cap1.65B

Revenue(TTM)2.11B

Net Income(TTM)-419.00M

Analysts42.5

Price Target23.97 (23.05%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	1.65%

Yearly DividendN/A

Dividend Growth(5Y)-52.5%

DP0%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)57.45%

Min EPS beat(2)21.1%

Max EPS beat(2)93.79%

EPS beat(4)2

Avg EPS beat(4)-914.62%

Min EPS beat(4)-3470.39%

Max EPS beat(4)93.79%

EPS beat(8)5

Avg EPS beat(8)317.06%

EPS beat(12)6

Avg EPS beat(12)198.35%

EPS beat(16)10

Avg EPS beat(16)178.71%

Revenue beat(2)0

Avg Revenue beat(2)-12.57%

Min Revenue beat(2)-23.8%

Max Revenue beat(2)-1.34%

Revenue beat(4)0

Avg Revenue beat(4)-14.55%

Min Revenue beat(4)-23.8%

Max Revenue beat(4)-1.34%

Revenue beat(8)0

Avg Revenue beat(8)-15.04%

Revenue beat(12)0

Avg Revenue beat(12)-12.79%

Revenue beat(16)2

Avg Revenue beat(16)-9.38%

PT rev (1m)0%

PT rev (3m)-18.97%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-87.5%

EPS NY rev (1m)0%

EPS NY rev (3m)266.79%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-4.98%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-5.04%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	0.16
P/FCF	N/A
P/OCF	N/A
P/B	0.28
P/tB	0.28
EV/EBITDA	N/A

EPS(TTM)-0.64

EYN/A

EPS(NY)-2.37

Fwd EYN/A

FCF(TTM)-3.87

FCFYN/A

OCF(TTM)-1.71

OCFYN/A

SpS118.46

BVpS69.27

TBVpS69.04

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-2.98%
ROE	-7.13%
ROCE	3.02%
ROIC	2.51%
ROICexc	2.78%
ROICexgc	2.78%
OM	3.45%
PM (TTM)	N/A
GM	34.35%
FCFM	N/A

ROA(3y)6.63%

ROA(5y)-1.66%

ROE(3y)15.08%

ROE(5y)-4.97%

ROIC(3y)7.92%

ROIC(5y)5.72%

ROICexc(3y)10.51%

ROICexc(5y)7.52%

ROICexgc(3y)10.53%

ROICexgc(5y)7.54%

ROCE(3y)9.55%

ROCE(5y)6.89%

ROICexgc growth 3Y-56.9%

ROICexgc growth 5Y-53.47%

ROICexc growth 3Y-56.85%

ROICexc growth 5Y-53.43%

OM growth 3Y-10.16%

OM growth 5Y-29.15%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y5.45%

GM growth 5Y0.52%

F-Score2

Asset Turnover0.71

Health

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	1.82%
Interest Coverage	7.08
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.39
Quick Ratio	0.78
Altman-Z	0.71

F-Score2

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-114.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-24.41%

EPS Next Y148.2%

EPS Next 2Y22.17%

EPS Next 3Y24.66%

EPS Next 5YN/A

Revenue 1Y (TTM)-78.63%

Revenue growth 3Y-40.12%

Revenue growth 5Y-29.57%

Sales Q2Q%-16.21%

Revenue Next Year-13.53%

Revenue Next 2Y0.2%

Revenue Next 3Y2.37%

Revenue Next 5YN/A

EBIT growth 1Y-68.71%

EBIT growth 3Y-46.21%

EBIT growth 5Y-50.1%

EBIT Next Year698.94%

EBIT Next 3Y103.27%

EBIT Next 5YN/A

FCF growth 1Y36.06%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-106.73%

OCF growth 3YN/A

OCF growth 5YN/A

NORSKE SKOG ASA / NSKOG.OL FAQ

What is the fundamental rating for NSKOG stock?

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

Can you provide the valuation status for NORSKE SKOG ASA?

ChartMill assigns a valuation rating of 1 / 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 2 / 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 grow by 148.2% in the next year.

NORSKE SKOG ASA (NSKOG.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

5.2 History

5.3 Sustainability

More info and screens

NORSKE SKOG ASA / NSKOG.OL FAQ

What is the fundamental rating for NSKOG stock?

Can you provide the valuation status for NORSKE SKOG ASA?

What is the profitability of NSKOG stock?

How financially healthy is NORSKE SKOG ASA?

What is the earnings growth outlook for NORSKE SKOG ASA?