DNO ASA (DNO.OL) Stock Fundamental Analysis
Europe - OSL:DNO - NO0003921009 - Common Stock
14.63 NOK
+0.34 (+2.38%)
We assign a fundamental rating of 3 out of 10 to DNO. DNO was compared to 65 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of DNO have multiple concerns. DNO has a correct valuation and a medium growth rate. Finally DNO also has an excellent dividend rating.
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.
The reported net income has been mixed in the past 5 years: DNO reported negative net income in multiple years.
In the past 5 years DNO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of DNO (-1.42%) is worse than 78.46% of its industry peers.
The Return On Equity of DNO (-6.22%) is worse than 80.00% of its industry peers.
DNO's Return On Invested Capital of 2.65% is on the low side compared to the rest of the industry. DNO is outperformed by 76.92% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DNO is above the industry average of 9.96%.
The 3 year average ROIC (12.71%) for DNO is well above the current ROIC(2.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.42% | ||
| ROE | -6.22% | ||
| ROIC | 2.65% |
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 (19.92%) which is in line with its industry peers.
In the last couple of years the Operating Margin of DNO has declined.
DNO has a Gross Margin (37.44%) which is in line with its industry peers.
DNO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.92% | ||
| PM (TTM) | N/A | ||
| GM | 37.44% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DNO is still creating some value.
Compared to 1 year ago, DNO has about the same amount of shares outstanding.
DNO has less shares outstanding than it did 5 years ago.
DNO has a worse debt/assets ratio than last year.
2.2 Solvency
DNO has an Altman-Z score of 0.53. This is a bad value and indicates that DNO is not financially healthy and even has some risk of bankruptcy.
DNO's Altman-Z score of 0.53 is on the low side compared to the rest of the industry. DNO is outperformed by 80.00% of its industry peers.
DNO has a debt to FCF ratio of 150.51. This is a negative value and a sign of low solvency as DNO would need 150.51 years to pay back of all of its debts.
DNO's Debt to FCF ratio of 150.51 is on the low side compared to the rest of the industry. DNO is outperformed by 61.54% 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.
The Debt to Equity ratio of DNO (0.71) is worse than 66.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 150.51 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.32
WACC8.41%
2.3 Liquidity
DNO has a Current Ratio of 0.96. 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's Current ratio of 0.96 is on the low side compared to the rest of the industry. DNO is outperformed by 81.54% of its industry peers.
A Quick Ratio of 0.90 indicates that DNO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.90, DNO is doing worse than 67.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
DNO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -300.00%.
Looking at the last year, DNO shows a very strong growth in Revenue. The Revenue has grown by 20.12%.
Measured over the past years, DNO shows a decrease in Revenue. The Revenue has been decreasing by -7.25% on average per year.
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.19%
Revenue 1Y (TTM)20.12%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%88.32%
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 Y857.5%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
EPS Next 5Y63.12%
Revenue Next Year168.11%
Revenue Next 2Y85.76%
Revenue Next 3Y52.52%
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
DNO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 5.00, which indicates a rather cheap valuation of DNO.
Based on the Price/Forward Earnings ratio, DNO is valued cheaply inside the industry as 96.92% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of DNO to the average of the S&P500 Index (22.70), we can say DNO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 5 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as DNO.
61.54% of the companies in the same industry are cheaper than DNO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 130.91 | ||
| EV/EBITDA | 6.14 |
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.
DNO's earnings are expected to grow with 157.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y311.07%
EPS Next 3Y157.88%
5. Dividend
5.1 Amount
DNO has a Yearly Dividend Yield of 9.19%, which is a nice return.
DNO's Dividend Yield is rather good when compared to the industry average which is at 54.34. DNO pays more dividend than 81.54% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, DNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.19% |
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.
The dividend of DNO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-127.8%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
OSL:DNO (9/17/2025, 7:00:00 PM)
14.63
+0.34 (+2.38%)
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 Cap14.26B
Analysts78
Price Target16.83 (15.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.19% |
Yearly Dividend1.04
Dividend Growth(5Y)18.12%
DP-127.8%
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)1
Avg Revenue beat(2)-6.18%
Min Revenue beat(2)-45.05%
Max Revenue beat(2)32.7%
Revenue beat(4)2
Avg Revenue beat(4)-7.27%
Min Revenue beat(4)-45.05%
Max Revenue beat(4)32.7%
Revenue beat(8)4
Avg Revenue beat(8)-3.79%
Revenue beat(12)4
Avg Revenue beat(12)-7.95%
Revenue beat(16)5
Avg Revenue beat(16)-6.34%
PT rev (1m)5.77%
PT rev (3m)8.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)11.11%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.66%
Revenue NY rev (1m)1.94%
Revenue NY rev (3m)120.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 5 | ||
| P/S | 1.83 | ||
| P/FCF | 130.91 | ||
| P/OCF | 4.89 | ||
| P/B | 1.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.14 |
EPS(TTM)-0.2
EYN/A
EPS(NY)2.92
Fwd EY19.99%
FCF(TTM)0.11
FCFY0.76%
OCF(TTM)2.99
OCFY20.47%
SpS7.98
BVpS14.44
TBVpS-2.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.42% | ||
| ROE | -6.22% | ||
| ROCE | 3.44% | ||
| ROIC | 2.65% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 5.87% | ||
| OM | 19.92% | ||
| PM (TTM) | N/A | ||
| GM | 37.44% | ||
| FCFM | 1.4% |
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-Score3
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 150.51 | ||
| Debt/EBITDA | 2.71 | ||
| Cap/Depr | 132.06% | ||
| Cap/Sales | 36.11% | ||
| Interest Coverage | 1.96 | ||
| Cash Conversion | 79.37% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.53 |
F-Score3
WACC8.41%
ROIC/WACC0.32
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%-121.19%
EPS Next Y857.5%
EPS Next 2Y311.07%
EPS Next 3Y157.88%
EPS Next 5Y63.12%
Revenue 1Y (TTM)20.12%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%88.32%
Revenue Next Year168.11%
Revenue Next 2Y85.76%
Revenue Next 3Y52.52%
Revenue Next 5Y2.05%
EBIT growth 1Y-15.47%
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-96.17%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y-45.67%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%