NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - OSL:NAS - NO0010196140 - Common Stock
15.54 NOK
-0.37 (-2.33%)
We assign a fundamental rating of 6 out of 10 to NAS. NAS was compared to 12 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of NAS get a neutral evaluation. Nothing too spectacular is happening here. NAS may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, NAS could be worth investigating further for value investing!.
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.
Of the past 5 years NAS 4 years had a positive operating cash flow.
1.2 Ratios
NAS's Return On Assets of 4.43% is fine compared to the rest of the industry. NAS outperforms 75.00% of its industry peers.
NAS has a Return On Equity of 33.08%. This is amongst the best in the industry. NAS outperforms 91.67% of its industry peers.
NAS has a Return On Invested Capital of 7.87%. This is comparable to the rest of the industry: NAS outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 33.08% | ||
| ROIC | 7.87% |
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
Looking at the Profit Margin, with a value of 5.33%, NAS is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of NAS has declined.
Looking at the Operating Margin, with a value of 7.30%, NAS is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of NAS has grown nicely.
NAS has a Gross Margin of 52.12%. This is in the better half of the industry: NAS outperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of NAS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.3% | ||
| PM (TTM) | 5.33% | ||
| GM | 52.12% |
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) below the Cost of Capital (WACC), NAS is destroying value.
NAS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NAS has more shares outstanding
Compared to 1 year ago, NAS has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of NAS is 3.54, which is a good value as it means it would take NAS, 3.54 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.54, NAS belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
A Debt/Equity ratio of 1.98 is on the high side and indicates that NAS has dependencies on debt financing.
The Debt to Equity ratio of NAS (1.98) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | N/A |
ROIC/WACC0.93
WACC8.5%
2.3 Liquidity
A Current Ratio of 1.08 indicates that NAS should not have too much problems paying its short term obligations.
NAS has a Current ratio of 1.08. This is amongst the best in the industry. NAS outperforms 100.00% of its industry peers.
A Quick Ratio of 1.06 indicates that NAS should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.06, NAS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.06 |
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 very strong growth in Revenue. The Revenue has grown by 38.28%.
Measured over the past years, NAS shows a decrease in Revenue. The Revenue has been decreasing by -4.09% on average per year.
EPS 1Y (TTM)57.35%
EPS 3Y-23.42%
EPS 5YN/A
EPS Q2Q%35.39%
Revenue 1Y (TTM)38.28%
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 23.13% 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 Y99.55%
EPS Next 2Y42.55%
EPS Next 3Y34.86%
EPS Next 5Y23.13%
Revenue Next Year6.56%
Revenue Next 2Y6.61%
Revenue Next 3Y6.59%
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
NAS is valuated cheaply with a Price/Earnings ratio of 7.26.
Compared to the rest of the industry, the Price/Earnings ratio of NAS is on the same level as its industry peers.
NAS is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
NAS is valuated cheaply with a Price/Forward Earnings ratio of 7.97.
Based on the Price/Forward Earnings ratio, NAS is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
NAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.26 | ||
| Fwd PE | 7.97 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NAS indicates a somewhat cheap valuation: NAS is cheaper than 75.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NAS indicates a rather cheap valuation: NAS is cheaper than 83.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.93 | ||
| EV/EBITDA | 2.35 |
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.
NAS has a very decent profitability rating, which may justify a higher PE ratio.
NAS's earnings are expected to grow with 34.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)N/A
EPS Next 2Y42.55%
EPS Next 3Y34.86%
5. Dividend
5.1 Amount
No dividends for NAS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:NAS (11/4/2025, 7:00:00 PM)
15.54
-0.37 (-2.33%)
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 Cap16.40B
Revenue(TTM)35.32B
Net Income(TTM)1.96B
Analysts74.55
Price Target17.09 (9.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.19%
Min EPS beat(2)8.52%
Max EPS beat(2)27.86%
EPS beat(4)2
Avg EPS beat(4)-5.72%
Min EPS beat(4)-52.76%
Max EPS beat(4)27.86%
EPS beat(8)5
Avg EPS beat(8)30.32%
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)2
Avg Revenue beat(2)1.32%
Min Revenue beat(2)1.01%
Max Revenue beat(2)1.64%
Revenue beat(4)3
Avg Revenue beat(4)1.71%
Min Revenue beat(4)-0.58%
Max Revenue beat(4)4.79%
Revenue beat(8)7
Avg Revenue beat(8)3.37%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.08%
PT rev (3m)0.64%
EPS NQ rev (1m)-4%
EPS NQ rev (3m)-2.55%
EPS NY rev (1m)0%
EPS NY rev (3m)9.58%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)-1.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.26 | ||
| Fwd PE | 7.97 | ||
| P/S | 0.45 | ||
| P/FCF | 3.93 | ||
| P/OCF | 2.06 | ||
| P/B | 2.77 | ||
| P/tB | 4.61 | ||
| EV/EBITDA | 2.35 |
EPS(TTM)2.14
EY13.77%
EPS(NY)1.95
Fwd EY12.55%
FCF(TTM)3.96
FCFY25.48%
OCF(TTM)7.56
OCFY48.66%
SpS34.78
BVpS5.6
TBVpS3.37
PEG (NY)0.07
PEG (5Y)N/A
Graham Number16.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 33.08% | ||
| ROCE | 10.22% | ||
| ROIC | 7.87% | ||
| ROICexc | 16.62% | ||
| ROICexgc | 20.51% | ||
| OM | 7.3% | ||
| PM (TTM) | 5.33% | ||
| GM | 52.12% | ||
| FCFM | 11.38% |
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 Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 3.54 | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 85.49% | ||
| Cap/Sales | 10.36% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 111.97% | ||
| Profit Quality | 213.54% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | N/A |
F-Score6
WACC8.5%
ROIC/WACC0.93
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 Y99.55%
EPS Next 2Y42.55%
EPS Next 3Y34.86%
EPS Next 5Y23.13%
Revenue 1Y (TTM)38.28%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
Revenue Next Year6.56%
Revenue Next 2Y6.61%
Revenue Next 3Y6.59%
Revenue Next 5Y9.27%
EBIT growth 1Y14.97%
EBIT growth 3YN/A
EBIT growth 5Y20.92%
EBIT Next Year292.43%
EBIT Next 3Y68.31%
EBIT Next 5Y45.55%
FCF growth 1Y-12.01%
FCF growth 3Y256.62%
FCF growth 5Y21.9%
OCF growth 1Y63.81%
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 6 / 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 5 / 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 99.55% in the next year.