DNO ASA (DNO.OL) Stock Fundamental Analysis

OSL:DNO • NO0003921009

16.45 NOK
+0.09 (+0.55%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

DNO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of DNO while its profitability can be described as average. DNO has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year DNO has reported negative net income.
  • In the past year DNO had a positive cash flow from operations.
  • 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 2025 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.78%, DNO is doing worse than 78.87% of the companies in the same industry.
  • DNO's Return On Equity of -3.51% is on the low side compared to the rest of the industry. DNO is outperformed by 78.87% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 7.89%, DNO is in the better half of the industry, outperforming 70.42% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DNO is below the industry average of 9.02%.
  • The 3 year average ROIC (6.67%) for DNO is below the current ROIC(7.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.78%
ROE -3.51%
ROIC 7.89%
ROA(3y)-0.33%
ROA(5y)3.93%
ROE(3y)-1.51%
ROE(5y)8.72%
ROIC(3y)6.67%
ROIC(5y)11.62%
DNO.OL Yearly ROA, ROE, ROICDNO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • With an excellent Operating Margin value of 33.16%, DNO belongs to the best of the industry, outperforming 80.28% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DNO has declined.
  • DNO has a Gross Margin (40.62%) which is in line with its industry peers.
  • DNO's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 33.16%
PM (TTM) N/A
GM 40.62%
OM growth 3Y-16.93%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.17%
GM growth 5Y58.59%
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 2025 0 50 100 150

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DNO is destroying value.
  • DNO has about the same amout of shares outstanding than it did 1 year ago.
  • DNO has about the same amout of shares outstanding than it did 5 years ago.
  • DNO has a better 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 2025 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 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • DNO has a debt to FCF ratio of 13.01. This is a negative value and a sign of low solvency as DNO would need 13.01 years to pay back of all of its debts.
  • DNO has a Debt to FCF ratio of 13.01. This is in the lower half of the industry: DNO underperforms 63.38% of its industry peers.
  • DNO has a Debt/Equity ratio of 0.74. This is a neutral value indicating DNO is somewhat dependend on debt financing.
  • DNO's Debt to Equity ratio of 0.74 is on the low side compared to the rest of the industry. DNO is outperformed by 67.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 13.01
Altman-Z N/A
ROIC/WACC0.93
WACC8.51%
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 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • DNO has a Current Ratio of 0.93. This is a bad value and indicates that DNO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.93, DNO is not doing good in the industry: 80.28% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.84 indicates that DNO may have some problems paying its short term obligations.
  • DNO has a worse Quick ratio (0.84) than 70.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.84
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 2025 500M 1B

More info and screens

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

5

3. Growth

3.1 Past

  • The earnings per share for DNO have decreased strongly by -300.00% in the last year.
  • The Revenue has grown by 121.02% in the past year. This is a very strong growth!
  • 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)121.02%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%172.71%

3.2 Future

  • DNO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 63.12% yearly.
  • DNO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 36.20% yearly.
EPS Next Y495.57%
EPS Next 2Y323.17%
EPS Next 3Y177.45%
EPS Next 5Y63.12%
Revenue Next Year139.07%
Revenue Next 2Y84.22%
Revenue Next 3Y53.48%
Revenue Next 5Y36.2%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for DNO. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 5.40, 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 100.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of DNO to the average of the S&P500 Index (24.95), we can say DNO is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 5.4
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

  • 88.73% of the companies in the same industry are more expensive than DNO, based on the Enterprise Value to EBITDA ratio.
  • DNO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DNO is cheaper than 60.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.42
EV/EBITDA 2.85
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

  • DNO'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 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%

More info and screens

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

5

5. Dividend

5.1 Amount

  • DNO has a Yearly Dividend Yield of 8.97%, which is a nice return.
  • DNO's Dividend Yield is rather good when compared to the industry average which is at 5.34. DNO pays more dividend than 90.14% of the companies in the same industry.
  • DNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.97%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • DNO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-324.46%
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 2025 0 200M -200M 400M 600M

More info and screens

Find the best dividend stocksShow peers with best dividend

DNO ASA

OSL:DNO (3/3/2026, 7:00:00 PM)

16.45

+0.09 (+0.55%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners23.04%
Inst Owner ChangeN/A
Ins Owners13.71%
Ins Owner ChangeN/A
Market Cap16.04B
Revenue(TTM)1.47B
Net Income(TTM)-46.60M
Analysts76.36
Price Target17.16 (4.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.97%
Yearly Dividend1.47
Dividend Growth(5Y)N/A
DP-324.46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-252.05%
Min EPS beat(2)-453.61%
Max EPS beat(2)-50.49%
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)1
Avg Revenue beat(2)-5.9%
Min Revenue beat(2)-15.82%
Max Revenue beat(2)4.01%
Revenue beat(4)2
Avg Revenue beat(4)-6.04%
Min Revenue beat(4)-45.05%
Max Revenue beat(4)32.7%
Revenue beat(8)4
Avg Revenue beat(8)-6.29%
Revenue beat(12)5
Avg Revenue beat(12)-7.43%
Revenue beat(16)5
Avg Revenue beat(16)-7.65%
PT rev (1m)6.05%
PT rev (3m)8.8%
EPS NQ rev (1m)-14.29%
EPS NQ rev (3m)-57.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.35%
Revenue NQ rev (1m)1.22%
Revenue NQ rev (3m)-4.62%
Revenue NY rev (1m)-5.97%
Revenue NY rev (3m)0.53%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.4
P/S 1.14
P/FCF 16.42
P/OCF 2.84
P/B 1.26
P/tB N/A
EV/EBITDA 2.85
EPS(TTM)-0.19
EYN/A
EPS(NY)3.04
Fwd EY18.5%
FCF(TTM)1
FCFY6.09%
OCF(TTM)5.79
OCFY35.18%
SpS14.46
BVpS13.04
TBVpS-3.23
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.78%
ROE -3.51%
ROCE 10.25%
ROIC 7.89%
ROICexc 8.72%
ROICexgc 14.17%
OM 33.16%
PM (TTM) N/A
GM 40.62%
FCFM 6.93%
ROA(3y)-0.33%
ROA(5y)3.93%
ROE(3y)-1.51%
ROE(5y)8.72%
ROIC(3y)6.67%
ROIC(5y)11.62%
ROICexc(3y)8.94%
ROICexc(5y)17.32%
ROICexgc(3y)12.03%
ROICexgc(5y)20.92%
ROCE(3y)8.66%
ROCE(5y)15.08%
ROICexgc growth 3Y-33.51%
ROICexgc growth 5YN/A
ROICexc growth 3Y-41.25%
ROICexc growth 5YN/A
OM growth 3Y-16.93%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.17%
GM growth 5Y58.59%
F-Score6
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 13.01
Debt/EBITDA 1.11
Cap/Depr 120.9%
Cap/Sales 33.09%
Interest Coverage 4.62
Cash Conversion 66.11%
Profit Quality N/A
Current Ratio 0.93
Quick Ratio 0.84
Altman-Z N/A
F-Score6
WACC8.51%
ROIC/WACC0.93
Cap/Depr(3y)113.73%
Cap/Depr(5y)114.76%
Cap/Sales(3y)29.19%
Cap/Sales(5y)25.73%
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)121.02%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%172.71%
Revenue Next Year139.07%
Revenue Next 2Y84.22%
Revenue Next 3Y53.48%
Revenue Next 5Y36.2%
EBIT growth 1Y235.25%
EBIT growth 3Y-15.02%
EBIT growth 5YN/A
EBIT Next Year153.73%
EBIT Next 3Y37.71%
EBIT Next 5YN/A
FCF growth 1Y-52.11%
FCF growth 3Y-48.7%
FCF growth 5Y-14.76%
OCF growth 1Y42.81%
OCF growth 3Y-17.65%
OCF growth 5Y8.67%

DNO ASA / DNO.OL FAQ

Can you provide the ChartMill fundamental rating for DNO ASA?

ChartMill assigns a fundamental rating of 4 / 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 4 / 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.