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OKEA ASA (OKEA.OL) Stock Fundamental Analysis

Europe - OSL:OKEA - NO0010816895 - Common Stock

18.52 NOK
-0.32 (-1.7%)
Last: 10/3/2025, 7:00:00 PM
Fundamental Rating

3

Overall OKEA gets a fundamental rating of 3 out of 10. We evaluated OKEA against 62 industry peers in the Oil, Gas & Consumable Fuels industry. While OKEA is still in line with the averages on profitability rating, there are concerns on its financial health. OKEA is valued expensive and 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.
OKEA had a negative operating cash flow in the past year.
In multiple years OKEA reported negative net income over the last 5 years.
Each year in the past 5 years OKEA had a positive operating cash flow.
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

OKEA has a Return On Assets of 1.68%. This is in the lower half of the industry: OKEA underperforms 72.58% of its industry peers.
OKEA has a Return On Equity of 30.15%. This is amongst the best in the industry. OKEA outperforms 95.16% of its industry peers.
OKEA has a Return On Invested Capital of 19.37%. This is amongst the best in the industry. OKEA outperforms 91.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OKEA is significantly above the industry average of 9.92%.
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 has a worse Profit Margin (3.52%) than 66.13% of its industry peers.
OKEA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 39.13%, OKEA belongs to the top of the industry, outperforming 88.71% of the companies in the same industry.
OKEA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 69.77%, OKEA is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
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.
The number of shares outstanding for OKEA remains at a similar level compared to 1 year ago.
OKEA has more shares outstanding than it did 5 years ago.
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 69.35% 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.
OKEA has a Debt to Equity ratio of 2.75. This is amonst the worse of the industry: OKEA underperforms 90.32% 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 (1.38) which is comparable to the rest of the industry.
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.
The Quick ratio of OKEA (1.26) is better than 61.29% of 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

The earnings per share for OKEA have decreased strongly by -122.41% in the last year.
OKEA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -60.55% yearly.
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)-122.41%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-99.32%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-91.97%

3.2 Future

OKEA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.11% yearly.
Based on estimates for the next years, OKEA will show a very negative growth in Revenue. The Revenue will decrease by -11.33% on average per year.
EPS Next Y-61.26%
EPS Next 2Y-26.22%
EPS Next 3Y-16.33%
EPS Next 5Y-17.11%
Revenue Next Year-13.16%
Revenue Next 2Y-10.15%
Revenue Next 3Y-6.68%
Revenue Next 5Y-11.33%

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 accelerating: in the next years the growth will be better 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
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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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for OKEA. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 3.41, which indicates a rather cheap valuation of OKEA.
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's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.32.
Industry RankSector Rank
PE N/A
Fwd PE 3.41
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

OKEA has a very decent profitability rating, which may justify a higher PE ratio.
OKEA's earnings are expected to decrease with -16.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.22%
EPS Next 3Y-16.33%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 10.96%, OKEA is a good candidate for dividend investing.
OKEA's Dividend Yield is rather good when compared to the industry average which is at 58.63. OKEA pays more dividend than 90.32% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, 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 2Y-26.22%
EPS Next 3Y-16.33%
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 (10/3/2025, 7:00:00 PM)

18.52

-0.32 (-1.7%)

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 Owners1.66%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap1.92B
Analysts80
Price Target23.87 (28.89%)
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)0
Avg EPS beat(2)-46.35%
Min EPS beat(2)-84.29%
Max EPS beat(2)-8.4%
EPS beat(4)1
Avg EPS beat(4)-129.47%
Min EPS beat(4)-452.02%
Max EPS beat(4)26.82%
EPS beat(8)4
Avg EPS beat(8)-11.78%
EPS beat(12)7
Avg EPS beat(12)26.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.51%
Min Revenue beat(2)-6.59%
Max Revenue beat(2)1.57%
Revenue beat(4)3
Avg Revenue beat(4)1.99%
Min Revenue beat(4)-6.59%
Max Revenue beat(4)10.96%
Revenue beat(8)6
Avg Revenue beat(8)4.24%
Revenue beat(12)7
Avg Revenue beat(12)2.1%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-3.31%
EPS NQ rev (1m)-90.3%
EPS NQ rev (3m)-93.34%
EPS NY rev (1m)-93.03%
EPS NY rev (3m)-94.19%
Revenue NQ rev (1m)-90.3%
Revenue NQ rev (3m)-91.77%
Revenue NY rev (1m)-89.71%
Revenue NY rev (3m)-90.46%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 3.41
P/S 0.2
P/FCF N/A
P/OCF N/A
P/B 1.73
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-34.77
EYN/A
EPS(NY)5.43
Fwd EY29.3%
FCF(TTM)-24.06
FCFYN/A
OCF(TTM)-135.86
OCFYN/A
SpS91.92
BVpS10.72
TBVpS-2.78
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)-122.41%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-99.32%
EPS Next Y-61.26%
EPS Next 2Y-26.22%
EPS Next 3Y-16.33%
EPS Next 5Y-17.11%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-91.97%
Revenue Next Year-13.16%
Revenue Next 2Y-10.15%
Revenue Next 3Y-6.68%
Revenue Next 5Y-11.33%
EBIT growth 1Y-91.27%
EBIT growth 3Y-38.86%
EBIT growth 5Y-14.02%
EBIT Next Year31.51%
EBIT Next 3Y9.89%
EBIT Next 5Y-4.57%
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%