DNO ASA (DNO.OL) Stock Fundamental Analysis
OSL:DNO - Euronext Oslo - NO0003921009 - Common Stock - Currency: NOK
DNO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 61 industry peers in the Oil, Gas & Consumable Fuels industry. While DNO seems to be doing ok healthwise, there are quite some concerns on its profitability. DNO has a valuation in line with the averages, but it does not seem to be growing. Finally DNO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DNO had negative earnings in the past year.
In the past year DNO had a positive cash flow from operations.
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
DNO has a worse Return On Assets (-0.91%) than 81.97% of its industry peers.
The Return On Equity of DNO (-2.50%) is worse than 81.97% of its industry peers.
DNO has a worse Return On Invested Capital (4.30%) than 73.77% of its industry peers.
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 11.72%.
The last Return On Invested Capital (4.30%) 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.91% | ||
| ROE | -2.5% | ||
| ROIC | 4.3% |
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's Operating Margin of 21.86% is in line compared to the rest of the industry. DNO outperforms 55.74% of its industry peers.
DNO's Operating Margin has declined in the last couple of years.
DNO has a Gross Margin of 38.99%. This is comparable to the rest of the industry: DNO outperforms 47.54% of its industry peers.
In the last couple of years the Gross Margin of DNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.86% | ||
| PM (TTM) | N/A | ||
| GM | 38.99% |
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.
DNO has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, DNO has less shares outstanding
DNO has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.50, we must say that DNO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of DNO (1.50) is comparable to the rest of the industry.
The Debt to FCF ratio of DNO is 3.77, which is a good value as it means it would take DNO, 3.77 years of fcf income to pay off all of its debts.
DNO's Debt to FCF ratio of 3.77 is fine compared to the rest of the industry. DNO outperforms 65.57% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that 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 72.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.77 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.52
WACC8.33%
2.3 Liquidity
A Current Ratio of 3.78 indicates that DNO has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.78, DNO belongs to the best of the industry, outperforming 90.16% of the companies in the same industry.
A Quick Ratio of 3.57 indicates that DNO has no problem at all paying its short term obligations.
DNO has a Quick ratio of 3.57. This is amongst the best in the industry. DNO outperforms 90.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.78 | ||
| Quick Ratio | 3.57 |
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 decrease in Revenue. The Revenue has decreased by -0.09% in the last year.
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%-2500%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%-11.39%
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
Based on estimates for the next years, DNO will show a small growth in Revenue. The Revenue will grow by 2.05% on average per year.
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue Next Year28.92%
Revenue Next 2Y16.73%
Revenue Next 3Y9.87%
Revenue Next 5Y2.05%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for DNO. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 8.39 indicates a reasonable valuation of DNO.
Based on the Price/Forward Earnings ratio, DNO is valued a bit cheaper than 62.30% of the companies in the same industry.
DNO is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.39 |
4.2 Price Multiples
DNO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DNO is cheaper than 67.21% of the companies in the same industry.
77.05% of the companies in the same industry are more expensive than DNO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.23 | ||
| EV/EBITDA | 3.06 |
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 98.38% in the coming years. This may justify a more expensive valuation.
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 10.11%, which is a nice return.
Compared to an average industry Dividend Yield of 61.27, DNO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, DNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.11% |
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-379.63%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
OSL:DNO (4/25/2025, 7:00:00 PM)
11.9
+0.09 (+0.76%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.73%
Inst Owner ChangeN/A
Ins Owners13.74%
Ins Owner ChangeN/A
Market Cap11.60B
Analysts80
Price Target14.99 (25.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.11% |
Yearly Dividend1.11
Dividend Growth(5Y)18.12%
DP-379.63%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-279.16%
Min EPS beat(2)-496.04%
Max EPS beat(2)-62.28%
EPS beat(4)2
Avg EPS beat(4)-32.36%
Min EPS beat(4)-496.04%
Max EPS beat(4)232.01%
EPS beat(8)3
Avg EPS beat(8)-79.62%
EPS beat(12)4
Avg EPS beat(12)-47.8%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-8.35%
Min Revenue beat(2)-17.6%
Max Revenue beat(2)0.89%
Revenue beat(4)2
Avg Revenue beat(4)-6.54%
Min Revenue beat(4)-21.82%
Max Revenue beat(4)12.35%
Revenue beat(8)3
Avg Revenue beat(8)-8.12%
Revenue beat(12)3
Avg Revenue beat(12)-8.19%
Revenue beat(16)4
Avg Revenue beat(16)-8.52%
PT rev (1m)1.38%
PT rev (3m)5.76%
EPS NQ rev (1m)33.35%
EPS NQ rev (3m)6.68%
EPS NY rev (1m)-10%
EPS NY rev (3m)-10.99%
Revenue NQ rev (1m)1.62%
Revenue NQ rev (3m)8.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.39 | ||
| P/S | 1.67 | ||
| P/FCF | 5.23 | ||
| P/OCF | 2.7 | ||
| P/B | 1.03 | ||
| P/tB | 1.49 | ||
| EV/EBITDA | 3.06 |
EPS(TTM)-0.21
EYN/A
EPS(NY)1.42
Fwd EY11.91%
FCF(TTM)2.27
FCFY19.11%
OCF(TTM)4.4
OCFY37.01%
SpS7.11
BVpS11.52
TBVpS7.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.91% | ||
| ROE | -2.5% | ||
| ROCE | 5.58% | ||
| ROIC | 4.3% | ||
| ROICexc | 6.55% | ||
| ROICexgc | 8.12% | ||
| OM | 21.86% | ||
| PM (TTM) | N/A | ||
| GM | 38.99% | ||
| FCFM | 31.97% |
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 Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.77 | ||
| Debt/EBITDA | 2.43 | ||
| Cap/Depr | 108.53% | ||
| Cap/Sales | 29.96% | ||
| Interest Coverage | 2.72 | ||
| Cash Conversion | 125.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.78 | ||
| Quick Ratio | 3.57 | ||
| Altman-Z | 1.5 |
F-Score3
WACC8.33%
ROIC/WACC0.52
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%-2500%
EPS Next Y781.75%
EPS Next 2Y195.52%
EPS Next 3Y98.38%
EPS Next 5Y63.12%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y-12.76%
Revenue growth 5Y-7.25%
Sales Q2Q%-11.39%
Revenue Next Year28.92%
Revenue Next 2Y16.73%
Revenue Next 3Y9.87%
Revenue Next 5Y2.05%
EBIT growth 1Y-35.31%
EBIT growth 3Y-28.63%
EBIT growth 5Y-9.31%
EBIT Next Year225.7%
EBIT Next 3Y49.28%
EBIT Next 5Y32.76%
FCF growth 1Y599.02%
FCF growth 3Y-26.41%
FCF growth 5Y46.03%
OCF growth 1Y112.78%
OCF growth 3Y-17.25%
OCF growth 5Y2.14%