NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - OSL:NAS - NO0010196140 - Common Stock
15.3 NOK
-0.11 (-0.71%)
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 an average financial health and profitability rating. NAS is valued quite cheap, while showing a decent growth score. This is a good combination!
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
NAS's Return On Assets of 5.96% is fine compared to the rest of the industry. NAS outperforms 75.00% of its industry peers.
With an excellent Return On Equity value of 32.55%, NAS belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
NAS has a better Return On Invested Capital (10.23%) than 75.00% of its industry peers.
| 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
NAS's Profit Margin of 6.70% is fine compared to the rest of the industry. NAS outperforms 75.00% of its industry peers.
NAS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.68%, NAS is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
NAS's Operating Margin has improved in the last couple of years.
NAS has a Gross Margin of 52.55%. This is in the better half of the industry: NAS outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of NAS has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NAS is still creating some value.
Compared to 1 year ago, NAS has more shares outstanding
NAS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NAS has an improved debt to assets ratio.
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.
NAS's Debt to FCF ratio of 4.96 is amongst the best of the industry. NAS outperforms 83.33% of its industry peers.
NAS has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
NAS has a Debt to Equity ratio of 1.49. This is comparable to the rest of the industry: NAS outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC1.2
WACC8.5%
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.
Looking at the Current ratio, with a value of 1.03, NAS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 0.99 indicates that NAS may have some problems paying its short term obligations.
The Quick ratio of NAS (0.99) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 57.35% over the past year.
The earnings per share for NAS have been decreasing by -23.42% on average. This is quite bad
Looking at the last year, NAS shows a quite strong growth in Revenue. The Revenue has grown by 13.19% in the last year.
The Revenue has been decreasing by -4.09% on average over the past years.
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
NAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.44% yearly.
Based on estimates for the next years, NAS will show a quite strong growth in Revenue. The Revenue will grow by 9.27% on average per year.
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
The Price/Earnings ratio is 7.15, which indicates a rather cheap valuation of NAS.
The rest of the industry has a similar Price/Earnings ratio as NAS.
When comparing the Price/Earnings ratio of NAS to the average of the S&P500 Index (25.89), we can say NAS is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.54, 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.
When comparing the Price/Forward Earnings ratio of NAS to the average of the S&P500 Index (34.59), we can say NAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.15 | ||
| Fwd PE | 7.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NAS is valued a bit cheaper than 75.00% of the companies in the same industry.
NAS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NAS is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.44 | ||
| EV/EBITDA | 2.29 |
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.
A more expensive valuation may be justified as NAS's earnings are expected to grow with 33.83% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y45.36%
EPS Next 3Y33.83%
5. Dividend
5.1 Amount
NAS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:NAS (11/17/2025, 4:19:55 PM)
15.3
-0.11 (-0.71%)
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 Cap16.15B
Revenue(TTM)37.35B
Net Income(TTM)2.50B
Analysts78.18
Price Target17.09 (11.7%)
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 | 7.15 | ||
| Fwd PE | 7.54 | ||
| P/S | 0.43 | ||
| P/FCF | 5.44 | ||
| P/OCF | 2.1 | ||
| P/B | 2.1 | ||
| P/tB | 2.82 | ||
| EV/EBITDA | 2.29 |
EPS(TTM)2.14
EY13.99%
EPS(NY)2.03
Fwd EY13.26%
FCF(TTM)2.82
FCFY18.4%
OCF(TTM)7.29
OCFY47.64%
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
WACC8.5%
ROIC/WACC1.2
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.