NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - OSL:NAS - NO0010196140 - Common Stock
15.363 NOK
+0.37 (+2.49%)
Taking everything into account, NAS scores 5 out of 10 in our fundamental rating. NAS was compared to 12 industry peers in the Passenger Airlines industry. NAS has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on NAS.
1. Profitability
1.1 Basic Checks
In the past year NAS was profitable.
NAS had a positive operating cash flow in the past year.
NAS had positive earnings in 4 of the past 5 years.
NAS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.96%, NAS is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 32.55%, NAS belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.23%, NAS is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 32.55% | ||
| ROIC | 10.23% |
ROA(3y)4.57%
ROA(5y)-4.57%
ROE(3y)24.24%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of NAS (6.70%) is better than 75.00% of its industry peers.
NAS's Profit Margin has declined in the last couple of years.
NAS has a Operating Margin of 9.68%. This is in the better half of the industry: NAS outperforms 75.00% of its industry peers.
NAS's Operating Margin has improved in the last couple of years.
The Gross Margin of NAS (52.55%) is better than 75.00% of its industry peers.
NAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.68% | ||
| PM (TTM) | 6.7% | ||
| GM | 52.55% |
OM growth 3YN/A
OM growth 5Y26.07%
PM growth 3Y-52.98%
PM growth 5YN/A
GM growth 3Y29.93%
GM growth 5Y4.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NAS is creating some value.
NAS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NAS has more shares outstanding
NAS has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of NAS is 4.96, which is a neutral value as it means it would take NAS, 4.96 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NAS (4.96) is better than 83.33% of its industry peers.
A Debt/Equity ratio of 1.49 is on the high side and indicates that NAS has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.49, NAS is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC1.21
WACC8.45%
2.3 Liquidity
NAS has a Current Ratio of 1.03. This is a normal value and indicates that NAS is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NAS (1.03) is better than 100.00% of its industry peers.
A Quick Ratio of 0.99 indicates that NAS may have some problems paying its short term obligations.
With an excellent Quick ratio value of 0.99, NAS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
NAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.35%, which is quite impressive.
NAS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.42% yearly.
The Revenue has grown by 13.19% in the past year. This is quite good.
NAS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.09% yearly.
EPS 1Y (TTM)57.35%
EPS 3Y-23.42%
EPS 5YN/A
EPS Q2Q%35.39%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
3.2 Future
The Earnings Per Share is expected to grow by 27.44% on average over the next years. This is a very strong growth
NAS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.27% yearly.
EPS Next Y138.47%
EPS Next 2Y45.36%
EPS Next 3Y33.83%
EPS Next 5Y27.44%
Revenue Next Year6.51%
Revenue Next 2Y6.55%
Revenue Next 3Y6.17%
Revenue Next 5Y9.27%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 7.18 indicates a rather cheap valuation of NAS.
NAS's Price/Earnings is on the same level as the industry average.
NAS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.51.
Based on the Price/Forward Earnings ratio of 7.57, the valuation of NAS can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NAS indicates a slightly more expensive valuation: NAS is more expensive than 75.00% of the companies listed in the same industry.
NAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.18 | ||
| Fwd PE | 7.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NAS is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NAS is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.46 | ||
| EV/EBITDA | 2.24 |
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.
The decent profitability rating of NAS may justify a higher PE ratio.
NAS's earnings are expected to grow with 33.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y45.36%
EPS Next 3Y33.83%
5. Dividend
5.1 Amount
No dividends for NAS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:NAS (11/19/2025, 2:54:50 PM)
15.363
+0.37 (+2.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners35.88%
Inst Owner ChangeN/A
Ins Owners0.36%
Ins Owner ChangeN/A
Market Cap16.21B
Revenue(TTM)37.35B
Net Income(TTM)2.50B
Analysts78.18
Price Target17.09 (11.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.34%
Min EPS beat(2)16.82%
Max EPS beat(2)27.86%
EPS beat(4)3
Avg EPS beat(4)0.11%
Min EPS beat(4)-52.76%
Max EPS beat(4)27.86%
EPS beat(8)5
Avg EPS beat(8)30.09%
EPS beat(12)7
Avg EPS beat(12)24.45%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.43%
Min Revenue beat(2)-0.15%
Max Revenue beat(2)1.01%
Revenue beat(4)3
Avg Revenue beat(4)1.82%
Min Revenue beat(4)-0.15%
Max Revenue beat(4)4.79%
Revenue beat(8)6
Avg Revenue beat(8)3.33%
Revenue beat(12)10
Avg Revenue beat(12)16.13%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.08%
PT rev (3m)1.08%
EPS NQ rev (1m)178.26%
EPS NQ rev (3m)209.09%
EPS NY rev (1m)19.51%
EPS NY rev (3m)30.96%
Revenue NQ rev (1m)0.97%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.18 | ||
| Fwd PE | 7.57 | ||
| P/S | 0.43 | ||
| P/FCF | 5.46 | ||
| P/OCF | 2.11 | ||
| P/B | 2.11 | ||
| P/tB | 2.83 | ||
| EV/EBITDA | 2.24 |
EPS(TTM)2.14
EY13.93%
EPS(NY)2.03
Fwd EY13.2%
FCF(TTM)2.82
FCFY18.32%
OCF(TTM)7.29
OCFY47.45%
SpS35.4
BVpS7.28
TBVpS5.42
PEG (NY)0.05
PEG (5Y)N/A
Graham Number18.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 32.55% | ||
| ROCE | 13.29% | ||
| ROIC | 10.23% | ||
| ROICexc | 16.68% | ||
| ROICexgc | 18.9% | ||
| OM | 9.68% | ||
| PM (TTM) | 6.7% | ||
| GM | 52.55% | ||
| FCFM | 7.95% |
ROA(3y)4.57%
ROA(5y)-4.57%
ROE(3y)24.24%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y60.91%
ROICexc growth 3YN/A
ROICexc growth 5Y59.71%
OM growth 3YN/A
OM growth 5Y26.07%
PM growth 3Y-52.98%
PM growth 5YN/A
GM growth 3Y29.93%
GM growth 5Y4.87%
F-Score6
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 113.77% | ||
| Cap/Sales | 12.64% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 99.03% | ||
| Profit Quality | 118.76% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | N/A |
F-Score6
WACC8.45%
ROIC/WACC1.21
Cap/Depr(3y)15.75%
Cap/Depr(5y)9.82%
Cap/Sales(3y)2.09%
Cap/Sales(5y)1.38%
Profit Quality(3y)307.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)57.35%
EPS 3Y-23.42%
EPS 5YN/A
EPS Q2Q%35.39%
EPS Next Y138.47%
EPS Next 2Y45.36%
EPS Next 3Y33.83%
EPS Next 5Y27.44%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
Revenue Next Year6.51%
Revenue Next 2Y6.55%
Revenue Next 3Y6.17%
Revenue Next 5Y9.27%
EBIT growth 1Y57.72%
EBIT growth 3YN/A
EBIT growth 5Y20.92%
EBIT Next Year292.43%
EBIT Next 3Y68.31%
EBIT Next 5Y45.55%
FCF growth 1Y-38.58%
FCF growth 3Y256.62%
FCF growth 5Y21.9%
OCF growth 1Y75.78%
OCF growth 3Y268.24%
OCF growth 5Y17.99%
NORWEGIAN AIR SHUTTLE AS / NAS.OL FAQ
Can you provide the ChartMill fundamental rating for NORWEGIAN AIR SHUTTLE AS?
ChartMill assigns a fundamental rating of 5 / 10 to NAS.OL.
What is the valuation status for NAS stock?
ChartMill assigns a valuation rating of 8 / 10 to NORWEGIAN AIR SHUTTLE AS (NAS.OL). This can be considered as Undervalued.
Can you provide the profitability details for NORWEGIAN AIR SHUTTLE AS?
NORWEGIAN AIR SHUTTLE AS (NAS.OL) has a profitability rating of 6 / 10.
Can you provide the financial health for NAS stock?
The financial health rating of NORWEGIAN AIR SHUTTLE AS (NAS.OL) is 4 / 10.
What is the expected EPS growth for NORWEGIAN AIR SHUTTLE AS (NAS.OL) stock?
The Earnings per Share (EPS) of NORWEGIAN AIR SHUTTLE AS (NAS.OL) is expected to grow by 138.47% in the next year.