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OKEA ASA (OKEA.OL) Stock Fundamental Analysis

Europe - OSL:OKEA - NO0010816895 - Common Stock

17.86 NOK
-0.04 (-0.22%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

4

OKEA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 63 industry peers in the Oil, Gas & Consumable Fuels industry. OKEA has a medium profitability rating, but doesn't score so well on its financial health evaluation. OKEA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

OKEA had negative earnings in the past year.
In the past year OKEA has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: OKEA reported negative net income in multiple years.
OKEA had a positive operating cash flow in each of the past 5 years.
OKEA.OL Yearly Net Income VS EBIT VS OCF VS FCFOKEA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

Looking at the Return On Assets, with a value of 1.68%, OKEA is doing worse than 71.43% of the companies in the same industry.
OKEA's Return On Equity of 30.15% is amongst the best of the industry. OKEA outperforms 92.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 19.37%, OKEA belongs to the top of the industry, outperforming 93.65% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for OKEA is significantly above the industry average of 9.83%.
The last Return On Invested Capital (19.37%) for OKEA is well below the 3 year average (23.72%), which needs to be investigated, but indicates that OKEA had better years and this may not be a problem.
Industry RankSector Rank
ROA 1.68%
ROE 30.15%
ROIC 19.37%
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
OKEA.OL Yearly ROA, ROE, ROICOKEA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

OKEA's Profit Margin of 3.52% is on the low side compared to the rest of the industry. OKEA is outperformed by 65.08% of its industry peers.
OKEA's Profit Margin has declined in the last couple of years.
OKEA has a better Operating Margin (39.13%) than 87.30% of its industry peers.
In the last couple of years the Operating Margin of OKEA has grown nicely.
OKEA's Gross Margin of 69.77% is fine compared to the rest of the industry. OKEA outperforms 76.19% of its industry peers.
In the last couple of years the Gross Margin of OKEA has declined.
Industry RankSector Rank
OM 39.13%
PM (TTM) 3.52%
GM 69.77%
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
OKEA.OL Yearly Profit, Operating, Gross MarginsOKEA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), OKEA is creating value.
Compared to 1 year ago, OKEA has about the same amount of shares outstanding.
Compared to 5 years ago, OKEA has more shares outstanding
Compared to 1 year ago, OKEA has a worse debt to assets ratio.
OKEA.OL Yearly Shares OutstandingOKEA.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
OKEA.OL Yearly Total Debt VS Total AssetsOKEA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.26, we must say that OKEA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.26, OKEA is doing worse than 68.25% of the companies in the same industry.
OKEA has a Debt/Equity ratio of 2.75. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of OKEA (2.75) is worse than 90.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACC2.32
WACC8.34%
OKEA.OL Yearly LT Debt VS Equity VS FCFOKEA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 1.38 indicates that OKEA should not have too much problems paying its short term obligations.
OKEA has a Current ratio of 1.38. This is comparable to the rest of the industry: OKEA outperforms 50.79% of its industry peers.
OKEA has a Quick Ratio of 1.26. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
OKEA has a Quick ratio (1.26) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.38
Quick Ratio 1.26
OKEA.OL Yearly Current Assets VS Current LiabilitesOKEA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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1

3. Growth

3.1 Past

OKEA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -122.11%.
Measured over the past years, OKEA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -60.55% on average per year.
The Revenue for OKEA has decreased by -90.43% in the past year. This is quite bad
Measured over the past years, OKEA shows a very negative growth in Revenue. The Revenue has been decreasing by -18.24% on average per year.
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%

3.2 Future

Based on estimates for the next years, OKEA will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.34% on average per year.
The Revenue is expected to decrease by -45.28% on average over the next years. This is quite bad
EPS Next Y456%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
EPS Next 5Y-17.34%
Revenue Next Year-24.5%
Revenue Next 2Y-19.52%
Revenue Next 3Y-16.19%
Revenue Next 5Y-45.28%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
OKEA.OL Yearly Revenue VS EstimatesOKEA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
OKEA.OL Yearly EPS VS EstimatesOKEA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 10 15

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5

4. Valuation

4.1 Price/Earnings Ratio

OKEA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
OKEA is valuated cheaply with a Price/Forward Earnings ratio of 0.38.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OKEA indicates a rather cheap valuation: OKEA is cheaper than 100.00% of the companies listed in the same industry.
OKEA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 0.38
OKEA.OL Price Earnings VS Forward Price EarningsOKEA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OKEA.OL Per share dataOKEA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 -100

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.
The decent profitability rating of OKEA may justify a higher PE ratio.
OKEA's earnings are expected to grow with 67.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y116.1%
EPS Next 3Y67.82%

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6

5. Dividend

5.1 Amount

OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
Compared to an average industry Dividend Yield of 56.55, OKEA pays a better dividend. On top of this OKEA pays more dividend than 88.89% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, OKEA pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.96%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
OKEA.OL Yearly Income VS Free CF VS DividendOKEA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B 2B

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OKEA ASA

OSL:OKEA (9/12/2025, 7:00:00 PM)

17.86

-0.04 (-0.22%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-16 2025-07-16/bmo
Earnings (Next)11-04 2025-11-04
Inst Owners1.1%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap1.86B
Analysts80
Price Target23.87 (33.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.96%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-126.23%
Min EPS beat(2)-254.75%
Max EPS beat(2)2.28%
EPS beat(4)2
Avg EPS beat(4)-169.42%
Min EPS beat(4)-452.02%
Max EPS beat(4)26.82%
EPS beat(8)5
Avg EPS beat(8)-31.75%
EPS beat(12)8
Avg EPS beat(12)13.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.36%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)3.38%
Revenue beat(4)3
Avg Revenue beat(4)3.92%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)10.96%
Revenue beat(8)6
Avg Revenue beat(8)5.21%
Revenue beat(12)7
Avg Revenue beat(12)2.75%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.86%
PT rev (3m)-7.14%
EPS NQ rev (1m)2.79%
EPS NQ rev (3m)-31.33%
EPS NY rev (1m)-16.68%
EPS NY rev (3m)-16.68%
Revenue NQ rev (1m)2.72%
Revenue NQ rev (3m)-15.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.29%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 0.38
P/S 0.19
P/FCF N/A
P/OCF N/A
P/B 1.67
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-34.27
EYN/A
EPS(NY)46.5
Fwd EY260.35%
FCF(TTM)-24.03
FCFYN/A
OCF(TTM)-135.7
OCFYN/A
SpS91.81
BVpS10.71
TBVpS-2.77
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.68%
ROE 30.15%
ROCE 25.15%
ROIC 19.37%
ROICexc 23.83%
ROICexgc 26.96%
OM 39.13%
PM (TTM) 3.52%
GM 69.77%
FCFM N/A
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)30.81%
ROCE(5y)22.49%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
F-Score4
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr -106.66%
Cap/Sales 121.63%
Interest Coverage -7.69
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.38
Quick Ratio 1.26
Altman-Z 1.26
F-Score4
WACC8.34%
ROIC/WACC2.32
Cap/Depr(3y)139.8%
Cap/Depr(5y)138.38%
Cap/Sales(3y)25.34%
Cap/Sales(5y)32.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
EPS Next Y456%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
EPS Next 5Y-17.34%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%
Revenue Next Year-24.5%
Revenue Next 2Y-19.52%
Revenue Next 3Y-16.19%
Revenue Next 5Y-45.28%
EBIT growth 1Y-91.27%
EBIT growth 3Y-38.86%
EBIT growth 5Y-14.02%
EBIT Next Year22.21%
EBIT Next 3Y-3.24%
EBIT Next 5Y-41.11%
FCF growth 1Y-110.4%
FCF growth 3Y-63.77%
FCF growth 5Y-48.08%
OCF growth 1Y-133.06%
OCF growth 3Y-45.13%
OCF growth 5Y-27.76%