DNO ASA (DNO.OL) Stock Fundamental Analysis
OSL:DNO - Euronext Oslo - NO0003921009 - Common Stock - Currency: NOK
Taking everything into account, DNO scores 4 out of 10 in our fundamental rating. DNO was compared to 62 industry peers in the Oil, Gas & Consumable Fuels industry. The financial health of DNO is average, but there are quite some concerns on its profitability. DNO has a decent growth rate and is not valued too expensively. Finally DNO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DNO had negative earnings in the past year.
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.
1.2 Ratios
DNO has a worse Return On Assets (-1.28%) than 79.03% of its industry peers.
Looking at the Return On Equity, with a value of -4.44%, DNO is doing worse than 82.26% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.83%, DNO is doing worse than 79.03% of the companies in the same industry.
DNO had an Average Return On Invested Capital over the past 3 years of 12.71%. This is in line with the industry average of 14.65%.
The 3 year average ROIC (12.71%) for DNO is well above the current ROIC(2.83%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.44% | ||
| ROIC | 2.83% |
ROA(3y)4.51%
ROA(5y)1.98%
ROE(3y)9.03%
ROE(5y)2.66%
ROIC(3y)12.71%
ROIC(5y)N/A
1.3 Margins
DNO has a Operating Margin of 16.25%. This is comparable to the rest of the industry: DNO outperforms 48.39% of its industry peers.
DNO's Operating Margin has declined in the last couple of years.
DNO has a Gross Margin of 37.41%. This is comparable to the rest of the industry: DNO outperforms 41.94% of its industry peers.
In the last couple of years the Gross Margin of DNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.41% |
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%
2. Health
2.1 Basic Checks
DNO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DNO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, DNO has less shares outstanding
The debt/assets ratio for DNO is higher compared to a year ago.
2.2 Solvency
DNO has an Altman-Z score of 1.23. This is a bad value and indicates that DNO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of DNO (1.23) is worse than 72.58% of its industry peers.
DNO has a debt to FCF ratio of 8.33. This is a slightly negative value and a sign of low solvency as DNO would need 8.33 years to pay back of all of its debts.
DNO has a Debt to FCF ratio (8.33) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.01 is on the high side and indicates that DNO has dependencies on debt financing.
The Debt to Equity ratio of DNO (1.01) is worse than 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 8.33 | ||
| Altman-Z | 1.23 |
ROIC/WACC0.33
WACC8.51%
2.3 Liquidity
A Current Ratio of 2.65 indicates that DNO has no problem at all paying its short term obligations.
The Current ratio of DNO (2.65) is better than 82.26% of its industry peers.
A Quick Ratio of 2.55 indicates that DNO has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.55, DNO belongs to the top of the industry, outperforming 82.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
DNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.33%, which is quite impressive.
DNO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.57%.
The Revenue has been decreasing by -7.25% on average over the past years.
EPS 1Y (TTM)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)15.57%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%2.68%
3.2 Future
Based on estimates for the next years, DNO will show a very strong growth in Earnings Per Share. The EPS will grow by 63.12% on average per year.
DNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue Next Year21.64%
Revenue Next 2Y10.48%
Revenue Next 3Y4.12%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for DNO. In the last year negative earnings were reported.
DNO is valuated reasonably with a Price/Forward Earnings ratio of 9.67.
DNO's Price/Forward Earnings ratio is in line with the industry average.
DNO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.67 |
4.2 Price Multiples
DNO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DNO is cheaper than 64.52% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, DNO is valued a bit cheaper than 77.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.42 | ||
| EV/EBITDA | 4.05 |
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 98.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y195.52%
EPS Next 3Y98.38%
5. Dividend
5.1 Amount
DNO has a Yearly Dividend Yield of 10.01%, which is a nice return.
DNO's Dividend Yield is rather good when compared to the industry average which is at 56.55. DNO pays more dividend than 80.65% of the companies in the same industry.
DNO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.01% |
5.2 History
The dividend of DNO is nicely growing with an annual growth rate of 18.12%!
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.
DNO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-224.89%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
OSL:DNO (7/1/2025, 4:19:56 PM)
13.15
+0.32 (+2.49%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.94%
Inst Owner ChangeN/A
Ins Owners13.75%
Ins Owner ChangeN/A
Market Cap12.82B
Analysts76.36
Price Target15.5 (17.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.01% |
Yearly Dividend1.06
Dividend Growth(5Y)18.12%
DP-224.89%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-298.02%
Min EPS beat(2)-496.04%
Max EPS beat(2)-100%
EPS beat(4)1
Avg EPS beat(4)-106.58%
Min EPS beat(4)-496.04%
Max EPS beat(4)232.01%
EPS beat(8)2
Avg EPS beat(8)-94.81%
EPS beat(12)4
Avg EPS beat(12)-55.28%
EPS beat(16)6
Avg EPS beat(16)-40.19%
Revenue beat(2)1
Avg Revenue beat(2)-2.41%
Min Revenue beat(2)-5.71%
Max Revenue beat(2)0.89%
Revenue beat(4)1
Avg Revenue beat(4)-11.06%
Min Revenue beat(4)-21.82%
Max Revenue beat(4)0.89%
Revenue beat(8)3
Avg Revenue beat(8)-8.75%
Revenue beat(12)3
Avg Revenue beat(12)-8.01%
Revenue beat(16)4
Avg Revenue beat(16)-7.7%
PT rev (1m)3.4%
PT rev (3m)4.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-10%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.67 | ||
| P/S | 1.89 | ||
| P/FCF | 7.42 | ||
| P/OCF | 3.11 | ||
| P/B | 1.19 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 4.05 |
EPS(TTM)-0.4
EYN/A
EPS(NY)1.36
Fwd EY10.34%
FCF(TTM)1.77
FCFY13.48%
OCF(TTM)4.23
OCFY32.2%
SpS6.96
BVpS11.05
TBVpS7.15
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.44% | ||
| ROCE | 3.67% | ||
| ROIC | 2.83% | ||
| ROICexc | 5.6% | ||
| ROICexgc | 7.46% | ||
| OM | 16.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.41% | ||
| FCFM | 25.48% |
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
ROICexcg growth 3Y-26.33%
ROICexcg 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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 8.33 | ||
| Debt/EBITDA | 3.65 | ||
| Cap/Depr | 128.21% | ||
| Cap/Sales | 35.38% | ||
| Interest Coverage | 1.8 | ||
| Cash Conversion | 138.8% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.55 | ||
| Altman-Z | 1.23 |
F-Score4
WACC8.51%
ROIC/WACC0.33
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)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue 1Y (TTM)15.57%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%2.68%
Revenue Next Year21.64%
Revenue Next 2Y10.48%
Revenue Next 3Y4.12%
Revenue Next 5Y2.05%
EBIT growth 1Y-18.02%
EBIT growth 3Y-28.63%
EBIT growth 5Y-9.31%
EBIT Next Year225.7%
EBIT Next 3Y45.27%
EBIT Next 5Y32.76%
FCF growth 1Y-72.66%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y-55.36%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%