PETRONOR E&P ASA (PNOR.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:PNOR • NO0012942525

10.19 NOK
+0.2 (+2%)
Last: Feb 6, 2026, 09:30 AM
Fundamental Rating

7

Overall PNOR gets a fundamental rating of 7 out of 10. We evaluated PNOR against 73 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making PNOR a very profitable company, without any liquidiy or solvency issues. PNOR is valued quite cheap, but it does not seem to be growing. This makes PNOR very considerable for value investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • PNOR had positive earnings in the past year.
  • In the past year PNOR had a positive cash flow from operations.
  • Each year in the past 5 years PNOR has been profitable.
  • PNOR had a positive operating cash flow in 4 of the past 5 years.
PNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFPNOR.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 0 50M 100M

1.2 Ratios

  • The Return On Assets of PNOR (7.00%) is better than 83.56% of its industry peers.
  • The Return On Equity of PNOR (10.40%) is better than 61.64% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 16.51%, PNOR belongs to the top of the industry, outperforming 93.15% of the companies in the same industry.
  • PNOR had an Average Return On Invested Capital over the past 3 years of 25.97%. This is significantly above the industry average of 8.73%.
  • The 3 year average ROIC (25.97%) for PNOR is well above the current ROIC(16.51%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 7%
ROE 10.4%
ROIC 16.51%
ROA(3y)18.05%
ROA(5y)13.4%
ROE(3y)28.54%
ROE(5y)27.26%
ROIC(3y)25.97%
ROIC(5y)29.21%
PNOR.OL Yearly ROA, ROE, ROICPNOR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200

1.3 Margins

  • The Profit Margin of PNOR (12.53%) is better than 69.86% of its industry peers.
  • In the last couple of years the Profit Margin of PNOR has grown nicely.
  • PNOR has a Operating Margin of 48.48%. This is amongst the best in the industry. PNOR outperforms 97.26% of its industry peers.
  • In the last couple of years the Operating Margin of PNOR has remained more or less at the same level.
  • PNOR has a Gross Margin of 57.67%. This is in the better half of the industry: PNOR outperforms 65.75% of its industry peers.
  • In the last couple of years the Gross Margin of PNOR has declined.
Industry RankSector Rank
OM 48.48%
PM (TTM) 12.53%
GM 57.67%
OM growth 3Y-9.51%
OM growth 5Y-1.13%
PM growth 3Y12.45%
PM growth 5YN/A
GM growth 3Y-10.4%
GM growth 5Y-5.31%
PNOR.OL Yearly Profit, Operating, Gross MarginsPNOR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M

More info and screens

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10

2. Health

2.1 Basic Checks

  • PNOR has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, PNOR has about the same amount of shares outstanding.
  • The number of shares outstanding for PNOR has been reduced compared to 5 years ago.
  • PNOR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
PNOR.OL Yearly Shares OutstandingPNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
PNOR.OL Yearly Total Debt VS Total AssetsPNOR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • PNOR has an Altman-Z score of 3.87. This indicates that PNOR is financially healthy and has little risk of bankruptcy at the moment.
  • PNOR's Altman-Z score of 3.87 is amongst the best of the industry. PNOR outperforms 84.93% of its industry peers.
  • There is no outstanding debt for PNOR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 3.87
ROIC/WACC1.93
WACC8.57%
PNOR.OL Yearly LT Debt VS Equity VS FCFPNOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

  • A Current Ratio of 4.91 indicates that PNOR has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 4.91, PNOR belongs to the best of the industry, outperforming 94.52% of the companies in the same industry.
  • PNOR has a Quick Ratio of 4.01. This indicates that PNOR is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of PNOR (4.01) is better than 91.78% of its industry peers.
Industry RankSector Rank
Current Ratio 4.91
Quick Ratio 4.01
PNOR.OL Yearly Current Assets VS Current LiabilitesPNOR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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

3

3. Growth

3.1 Past

  • PNOR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -81.10%.
  • The Earnings Per Share has been growing by 38.60% on average over the past years. This is a very strong growth
  • The Revenue for PNOR has decreased by -61.56% in the past year. This is quite bad
  • Measured over the past years, PNOR shows a quite strong growth in Revenue. The Revenue has been growing by 14.76% on average per year.
EPS 1Y (TTM)-81.1%
EPS 3Y38.6%
EPS 5YN/A
EPS Q2Q%-58.33%
Revenue 1Y (TTM)-61.56%
Revenue growth 3Y24.31%
Revenue growth 5Y14.76%
Sales Q2Q%-79.4%

3.2 Future

  • Based on estimates for the next years, PNOR will show a very negative growth in Earnings Per Share. The EPS will decrease by -41.61% on average per year.
  • The Revenue is expected to decrease by -20.47% on average over the next years. This is quite bad
EPS Next Y-25%
EPS Next 2Y-41.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-15.06%
Revenue Next 2Y-20.47%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
PNOR.OL Yearly Revenue VS EstimatesPNOR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
PNOR.OL Yearly EPS VS EstimatesPNOR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 0.4

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.94, the valuation of PNOR can be described as reasonable.
  • Based on the Price/Earnings ratio, PNOR is valued cheaply inside the industry as 87.67% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.67. PNOR is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 6.85, which indicates a rather cheap valuation of PNOR.
  • Based on the Price/Forward Earnings ratio, PNOR is valued cheaper than 93.15% of the companies in the same industry.
  • PNOR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
Industry RankSector Rank
PE 8.94
Fwd PE 6.85
PNOR.OL Price Earnings VS Forward Price EarningsPNOR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 97.26% of the companies in the same industry are more expensive than PNOR, based on the Enterprise Value to EBITDA ratio.
  • PNOR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PNOR is cheaper than 98.63% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.29
EV/EBITDA 1.09
PNOR.OL Per share dataPNOR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The excellent profitability rating of PNOR may justify a higher PE ratio.
  • A cheap valuation may be justified as PNOR's earnings are expected to decrease with -41.61% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.61%
EPS Next 3YN/A

More info and screens

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

0

5. Dividend

5.1 Amount

  • No dividends for PNOR!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

PETRONOR E&P ASA

OSL:PNOR (2/6/2026, 9:30:50 AM)

10.19

+0.2 (+2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-20
Earnings (Next)02-20
Inst Owners2.83%
Inst Owner ChangeN/A
Ins Owners1.94%
Ins Owner ChangeN/A
Market Cap1.45B
Revenue(TTM)121.65M
Net Income(TTM)15.24M
Analysts82.86
Price Target13.26 (30.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 8.94
Fwd PE 6.85
P/S 1.23
P/FCF 2.29
P/OCF 2
P/B 1.02
P/tB 1.08
EV/EBITDA 1.09
EPS(TTM)1.14
EY11.19%
EPS(NY)1.49
Fwd EY14.6%
FCF(TTM)4.45
FCFY43.67%
OCF(TTM)5.1
OCFY50.02%
SpS8.31
BVpS10.01
TBVpS9.44
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.02
Profitability
Industry RankSector Rank
ROA 7%
ROE 10.4%
ROCE 29.29%
ROIC 16.51%
ROICexc 23.62%
ROICexgc 25.11%
OM 48.48%
PM (TTM) 12.53%
GM 57.67%
FCFM 53.55%
ROA(3y)18.05%
ROA(5y)13.4%
ROE(3y)28.54%
ROE(5y)27.26%
ROIC(3y)25.97%
ROIC(5y)29.21%
ROICexc(3y)33.15%
ROICexc(5y)39.25%
ROICexgc(3y)39.5%
ROICexgc(5y)46.11%
ROCE(3y)47.13%
ROCE(5y)55.34%
ROICexgc growth 3Y-21.92%
ROICexgc growth 5Y-46.42%
ROICexc growth 3Y-20.01%
ROICexc growth 5Y-37.94%
OM growth 3Y-9.51%
OM growth 5Y-1.13%
PM growth 3Y12.45%
PM growth 5YN/A
GM growth 3Y-10.4%
GM growth 5Y-5.31%
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 48.99%
Cap/Sales 7.79%
Interest Coverage 1156.51
Cash Conversion 95.27%
Profit Quality 427.37%
Current Ratio 4.91
Quick Ratio 4.01
Altman-Z 3.87
F-Score5
WACC8.57%
ROIC/WACC1.93
Cap/Depr(3y)235.93%
Cap/Depr(5y)264.03%
Cap/Sales(3y)18.03%
Cap/Sales(5y)16.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-81.1%
EPS 3Y38.6%
EPS 5YN/A
EPS Q2Q%-58.33%
EPS Next Y-25%
EPS Next 2Y-41.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-61.56%
Revenue growth 3Y24.31%
Revenue growth 5Y14.76%
Sales Q2Q%-79.4%
Revenue Next Year-15.06%
Revenue Next 2Y-20.47%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-65.91%
EBIT growth 3Y12.49%
EBIT growth 5Y13.46%
EBIT Next Year-7.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y151.29%
FCF growth 3YN/A
FCF growth 5Y9.26%
OCF growth 1Y13.92%
OCF growth 3Y50.47%
OCF growth 5Y7.36%

PETRONOR E&P ASA / PNOR.OL FAQ

What is the fundamental rating for PNOR stock?

ChartMill assigns a fundamental rating of 7 / 10 to PNOR.OL.


What is the valuation status for PNOR stock?

ChartMill assigns a valuation rating of 8 / 10 to PETRONOR E&P ASA (PNOR.OL). This can be considered as Undervalued.


What is the profitability of PNOR stock?

PETRONOR E&P ASA (PNOR.OL) has a profitability rating of 8 / 10.


What is the earnings growth outlook for PETRONOR E&P ASA?

The Earnings per Share (EPS) of PETRONOR E&P ASA (PNOR.OL) is expected to decline by -25% in the next year.


Is the dividend of PETRONOR E&P ASA sustainable?

The dividend rating of PETRONOR E&P ASA (PNOR.OL) is 0 / 10 and the dividend payout ratio is 0%.