PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to PEN. PEN was compared to 58 industry peers in the Oil, Gas & Consumable Fuels industry. PEN has a medium profitability rating, but doesn't score so well on its financial health evaluation. PEN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PEN was profitable.
PEN had a positive operating cash flow in the past year.
PEN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PEN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PEN (5.04%) is better than 62.07% of its industry peers.
PEN has a Return On Equity of 14.13%. This is in the better half of the industry: PEN outperforms 62.07% of its industry peers.
PEN has a Return On Invested Capital of 6.95%. This is comparable to the rest of the industry: PEN outperforms 56.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.04% | ||
| ROE | 14.13% | ||
| ROIC | 6.95% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PEN has a better Profit Margin (16.29%) than 70.69% of its industry peers.
In the last couple of years the Profit Margin of PEN has remained more or less at the same level.
PEN's Operating Margin of 32.57% is fine compared to the rest of the industry. PEN outperforms 74.14% of its industry peers.
In the last couple of years the Operating Margin of PEN has declined.
With an excellent Gross Margin value of 115.43%, PEN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.57% | ||
| PM (TTM) | 16.29% | ||
| GM | 115.43% |
OM growth 3Y3.91%
OM growth 5Y-3.12%
PM growth 3Y-19.47%
PM growth 5Y-0.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for PEN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
PEN has an Altman-Z score of 0.58. This is a bad value and indicates that PEN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.58, PEN is doing worse than 79.31% of the companies in the same industry.
PEN has a Debt/Equity ratio of 0.58. This is a neutral value indicating PEN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.58, PEN is in line with its industry, outperforming 41.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.58 |
ROIC/WACC0.81
WACC8.6%
2.3 Liquidity
A Current Ratio of 1.90 indicates that PEN should not have too much problems paying its short term obligations.
PEN has a Current ratio of 1.90. This is in the better half of the industry: PEN outperforms 65.52% of its industry peers.
A Quick Ratio of 0.98 indicates that PEN may have some problems paying its short term obligations.
With a Quick ratio value of 0.98, PEN is not doing good in the industry: 68.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
PEN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
The Earnings Per Share has been growing by 28.50% on average over the past years. This is a very strong growth
The Revenue has decreased by -3.72% in the past year.
The Revenue has been growing by 44.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)0%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-210%
Revenue 1Y (TTM)-3.72%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%-72.43%
3.2 Future
Based on estimates for the next years, PEN will show a decrease in Earnings Per Share. The EPS will decrease by -7.55% on average per year.
PEN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.45% yearly.
EPS Next Y26.07%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
EPS Next 5Y-7.55%
Revenue Next Year-0.55%
Revenue Next 2Y1.66%
Revenue Next 3Y-0.26%
Revenue Next 5Y-8.45%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.26, which indicates a very decent valuation of PEN.
Compared to the rest of the industry, the Price/Earnings ratio of PEN indicates a somewhat cheap valuation: PEN is cheaper than 70.69% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of PEN to the average of the S&P500 Index (28.05), we can say PEN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 3.84, the valuation of PEN can be described as very cheap.
96.55% of the companies in the same industry are more expensive than PEN, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 37.67. PEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.26 | ||
| Fwd PE | 3.84 |
4.2 Price Multiples
PEN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PEN is cheaper than 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.89 |
4.3 Compensation for Growth
PEN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PEN's earnings are expected to grow with 13.59% in the coming years.
PEG (NY)0.36
PEG (5Y)0.32
EPS Next 2Y15.56%
EPS Next 3Y13.59%
5. Dividend
5.1 Amount
PEN has a Yearly Dividend Yield of 9.48%, which is a nice return.
PEN's Dividend Yield is a higher than the industry average which is at 65.93.
Compared to an average S&P500 Dividend Yield of 2.32, PEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.48% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
58.22% of the earnings are spent on dividend by PEN. This is a bit on the high side, but may be sustainable.
DP58.22%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
OSL:PEN (7/28/2025, 4:19:59 PM)
24.45
+0.55 (+2.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners39%
Inst Owner ChangeN/A
Ins Owners6.15%
Ins Owner ChangeN/A
Market Cap2.77B
Analysts84.62
Price Target37.23 (52.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.48% |
Yearly Dividend2.91
Dividend Growth(5Y)N/A
DP58.22%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.3%
Min EPS beat(2)-24.47%
Max EPS beat(2)9.86%
EPS beat(4)1
Avg EPS beat(4)-42.27%
Min EPS beat(4)-100%
Max EPS beat(4)9.86%
EPS beat(8)1
Avg EPS beat(8)-36.73%
EPS beat(12)2
Avg EPS beat(12)-48.06%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-13.17%
Min Revenue beat(2)-33.39%
Max Revenue beat(2)7.04%
Revenue beat(4)1
Avg Revenue beat(4)-13.31%
Min Revenue beat(4)-33.39%
Max Revenue beat(4)7.04%
Revenue beat(8)3
Avg Revenue beat(8)-10.93%
Revenue beat(12)5
Avg Revenue beat(12)-17.01%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-9.32%
PT rev (3m)-10.98%
EPS NQ rev (1m)-18.37%
EPS NQ rev (3m)-1.23%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-3.17%
Revenue NQ rev (3m)-2.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.26 | ||
| Fwd PE | 3.84 | ||
| P/S | 1.25 | ||
| P/FCF | N/A | ||
| P/OCF | 4.04 | ||
| P/B | 1.09 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 2.89 |
EPS(TTM)2.64
EY10.8%
EPS(NY)6.37
Fwd EY26.05%
FCF(TTM)-1.34
FCFYN/A
OCF(TTM)6.06
OCFY24.77%
SpS19.49
BVpS22.47
TBVpS22.47
PEG (NY)0.36
PEG (5Y)0.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.04% | ||
| ROE | 14.13% | ||
| ROCE | 11.35% | ||
| ROIC | 6.95% | ||
| ROICexc | 7.57% | ||
| ROICexgc | 7.57% | ||
| OM | 32.57% | ||
| PM (TTM) | 16.29% | ||
| GM | 115.43% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y3.91%
OM growth 5Y-3.12%
PM growth 3Y-19.47%
PM growth 5Y-0.91%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.16 | ||
| Cap/Depr | 148.75% | ||
| Cap/Sales | 37.93% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 53.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 0.58 |
F-Score6
WACC8.6%
ROIC/WACC0.81
Cap/Depr(3y)181.17%
Cap/Depr(5y)188.95%
Cap/Sales(3y)35.09%
Cap/Sales(5y)42.32%
Profit Quality(3y)98.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-210%
EPS Next Y26.07%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
EPS Next 5Y-7.55%
Revenue 1Y (TTM)-3.72%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%-72.43%
Revenue Next Year-0.55%
Revenue Next 2Y1.66%
Revenue Next 3Y-0.26%
Revenue Next 5Y-8.45%
EBIT growth 1Y-24.67%
EBIT growth 3Y38.27%
EBIT growth 5Y39.7%
EBIT Next Year50.1%
EBIT Next 3Y14.27%
EBIT Next 5Y0.58%
FCF growth 1Y-125.36%
FCF growth 3Y-13.96%
FCF growth 5YN/A
OCF growth 1Y-46.45%
OCF growth 3Y16.89%
OCF growth 5Y55.64%