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DNO ASA (DNO.OL) Stock Fundamental Analysis

Europe - Euronext Oslo - OSL:DNO - NO0003921009 - Common Stock

16.19 NOK
+0.13 (+0.81%)
Last: 1/20/2026, 4:19:50 PM
Fundamental Rating

3

Overall DNO gets a fundamental rating of 3 out of 10. We evaluated DNO against 75 industry peers in the Oil, Gas & Consumable Fuels industry. DNO may be in some trouble as it scores bad on both profitability and health. DNO is not valued too expensively and it also shows a decent growth rate. DNO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year DNO has reported negative net income.
  • DNO had a positive operating cash flow in the past year.
  • In multiple years DNO reported negative net income over the last 5 years.
  • DNO had a positive operating cash flow in each of the past 5 years.
DNO.OL Yearly Net Income VS EBIT VS OCF VS FCFDNO.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 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of DNO (-1.65%) is worse than 81.33% of its industry peers.
  • DNO has a worse Return On Equity (-7.09%) than 85.33% of its industry peers.
  • DNO has a Return On Invested Capital of 5.87%. This is comparable to the rest of the industry: DNO outperforms 50.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for DNO is above the industry average of 8.82%.
  • The last Return On Invested Capital (5.87%) for DNO is well below the 3 year average (12.71%), which needs to be investigated, but indicates that DNO had better years and this may not be a problem.
Industry RankSector Rank
ROA -1.65%
ROE -7.09%
ROIC 5.87%
ROA(3y)4.51%
ROA(5y)1.98%
ROE(3y)9.03%
ROE(5y)2.66%
ROIC(3y)12.71%
ROIC(5y)N/A
DNO.OL Yearly ROA, ROE, ROICDNO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

1.3 Margins

  • The Operating Margin of DNO (30.52%) is better than 80.00% of its industry peers.
  • DNO's Operating Margin has declined in the last couple of years.
  • DNO has a Gross Margin of 40.30%. This is comparable to the rest of the industry: DNO outperforms 48.00% of its industry peers.
  • DNO's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 30.52%
PM (TTM) N/A
GM 40.3%
OM growth 3Y-18.19%
OM growth 5Y-2.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.31%
GM growth 5Y-2.51%
DNO.OL Yearly Profit, Operating, Gross MarginsDNO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100 150

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DNO is creating some value.
  • The number of shares outstanding for DNO remains at a similar level compared to 1 year ago.
  • DNO has less shares outstanding than it did 5 years ago.
  • DNO has a worse debt/assets ratio than last year.
DNO.OL Yearly Shares OutstandingDNO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
DNO.OL Yearly Total Debt VS Total AssetsDNO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • DNO has an Altman-Z score of 0.73. This is a bad value and indicates that DNO is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.73, DNO is doing worse than 81.33% of the companies in the same industry.
  • The Debt to FCF ratio of DNO is 13.49, which is on the high side as it means it would take DNO, 13.49 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of DNO (13.49) is worse than 62.67% of its industry peers.
  • DNO has a Debt/Equity ratio of 0.71. This is a neutral value indicating DNO is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.71, DNO is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 13.49
Altman-Z 0.73
ROIC/WACC0.69
WACC8.46%
DNO.OL Yearly LT Debt VS Equity VS FCFDNO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • DNO has a Current Ratio of 0.95. This is a bad value and indicates that DNO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DNO has a worse Current ratio (0.95) than 76.00% of its industry peers.
  • DNO has a Quick Ratio of 0.95. This is a bad value and indicates that DNO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DNO has a Quick ratio (0.88) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.88
DNO.OL Yearly Current Assets VS Current LiabilitesDNO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

4

3. Growth

3.1 Past

  • The earnings per share for DNO have decreased strongly by -300.00% in the last year.
  • Looking at the last year, DNO shows a very strong growth in Revenue. The Revenue has grown by 69.56%.
  • The Revenue has been decreasing by -7.25% on average over the past years.
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
Revenue 1Y (TTM)69.56%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%220.7%

3.2 Future

  • The Earnings Per Share is expected to grow by 63.12% on average over the next years. This is a very strong growth
  • DNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y495.57%
EPS Next 2Y323.17%
EPS Next 3Y177.45%
EPS Next 5Y63.12%
Revenue Next Year146.4%
Revenue Next 2Y89.98%
Revenue Next 3Y55.19%
Revenue Next 5Y2.05%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
DNO.OL Yearly Revenue VS EstimatesDNO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
DNO.OL Yearly EPS VS EstimatesDNO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 0.4 0.6

6

4. Valuation

4.1 Price/Earnings Ratio

  • DNO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • With a Price/Forward Earnings ratio of 5.05, the valuation of DNO can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DNO indicates a rather cheap valuation: DNO is cheaper than 97.33% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.29. DNO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 5.05
DNO.OL Price Earnings VS Forward Price EarningsDNO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60 -80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DNO is valued cheaper than 82.67% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of DNO is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 15.51
EV/EBITDA 3.61
DNO.OL Per share dataDNO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

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.
  • A more expensive valuation may be justified as DNO's earnings are expected to grow with 177.45% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y323.17%
EPS Next 3Y177.45%

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.66%, DNO is a good candidate for dividend investing.
  • DNO's Dividend Yield is rather good when compared to the industry average which is at 5.11. DNO pays more dividend than 89.33% of the companies in the same industry.
  • DNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 8.66%

5.2 History

  • On average, the dividend of DNO grows each year by 18.12%, which is quite nice.
Dividend Growth(5Y)18.12%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • The earnings of DNO are negative and hence is the payout ratio. DNO will probably not be able to sustain this dividend level.
  • The dividend of DNO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-131.97%
EPS Next 2Y323.17%
EPS Next 3Y177.45%
DNO.OL Yearly Income VS Free CF VS DividendDNO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

DNO ASA

OSL:DNO (1/20/2026, 4:19:50 PM)

16.19

+0.13 (+0.81%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06
Earnings (Next)02-05
Inst Owners23.04%
Inst Owner ChangeN/A
Ins Owners13.71%
Ins Owner ChangeN/A
Market Cap15.79B
Revenue(TTM)1.17B
Net Income(TTM)-100.10M
Analysts74
Price Target16.18 (-0.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.66%
Yearly Dividend1.06
Dividend Growth(5Y)18.12%
DP-131.97%
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)2
Avg Revenue beat(2)18.35%
Min Revenue beat(2)4.01%
Max Revenue beat(2)32.7%
Revenue beat(4)3
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-45.05%
Max Revenue beat(4)32.7%
Revenue beat(8)5
Avg Revenue beat(8)-2.56%
Revenue beat(12)5
Avg Revenue beat(12)-6.52%
Revenue beat(16)6
Avg Revenue beat(16)-5.72%
PT rev (1m)2.59%
PT rev (3m)-5.31%
EPS NQ rev (1m)-42.86%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)-14.55%
EPS NY rev (3m)-28.79%
Revenue NQ rev (1m)-7.09%
Revenue NQ rev (3m)143.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.99%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.05
P/S 1.34
P/FCF 15.51
P/OCF 3.01
P/B 1.11
P/tB N/A
EV/EBITDA 3.61
EPS(TTM)-0.2
EYN/A
EPS(NY)3.21
Fwd EY19.82%
FCF(TTM)1.04
FCFY6.45%
OCF(TTM)5.39
OCFY33.27%
SpS12.09
BVpS14.6
TBVpS-3.65
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.65%
ROE -7.09%
ROCE 7.62%
ROIC 5.87%
ROICexc 6.62%
ROICexgc 11.52%
OM 30.52%
PM (TTM) N/A
GM 40.3%
FCFM 8.63%
ROA(3y)4.51%
ROA(5y)1.98%
ROE(3y)9.03%
ROE(5y)2.66%
ROIC(3y)12.71%
ROIC(5y)N/A
ROICexc(3y)20.37%
ROICexc(5y)N/A
ROICexgc(3y)23.37%
ROICexgc(5y)N/A
ROCE(3y)16.51%
ROCE(5y)N/A
ROICexgc growth 3Y-26.33%
ROICexgc growth 5Y-7.85%
ROICexc growth 3Y-26.89%
ROICexc growth 5Y-4.85%
OM growth 3Y-18.19%
OM growth 5Y-2.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.31%
GM growth 5Y-2.51%
F-Score3
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 13.49
Debt/EBITDA 1.52
Cap/Depr 138.23%
Cap/Sales 35.91%
Interest Coverage 3.64
Cash Conversion 78.83%
Profit Quality N/A
Current Ratio 0.95
Quick Ratio 0.88
Altman-Z 0.73
F-Score3
WACC8.46%
ROIC/WACC0.69
Cap/Depr(3y)119.6%
Cap/Depr(5y)99.55%
Cap/Sales(3y)25.42%
Cap/Sales(5y)24.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
EPS Next Y495.57%
EPS Next 2Y323.17%
EPS Next 3Y177.45%
EPS Next 5Y63.12%
Revenue 1Y (TTM)69.56%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%220.7%
Revenue Next Year146.4%
Revenue Next 2Y89.98%
Revenue Next 3Y55.19%
Revenue Next 5Y2.05%
EBIT growth 1Y103.31%
EBIT growth 3Y-28.63%
EBIT growth 5Y-9.31%
EBIT Next Year561.77%
EBIT Next 3Y121.63%
EBIT Next 5Y32.76%
FCF growth 1Y-24.48%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y54.6%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%

DNO ASA / DNO.OL FAQ

Can you provide the ChartMill fundamental rating for DNO ASA?

ChartMill assigns a fundamental rating of 3 / 10 to DNO.OL.


Can you provide the valuation status for DNO ASA?

ChartMill assigns a valuation rating of 6 / 10 to DNO ASA (DNO.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for DNO ASA?

DNO ASA (DNO.OL) has a profitability rating of 3 / 10.


What is the expected EPS growth for DNO ASA (DNO.OL) stock?

The Earnings per Share (EPS) of DNO ASA (DNO.OL) is expected to grow by 495.57% in the next year.