NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:NAS - NO0010196140 - Common Stock
17.335 NOK
+0.07 (+0.41%)
We assign a fundamental rating of 5 out of 10 to NAS. NAS was compared to 13 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
NAS had positive earnings in the past year.
In the past year NAS had a positive cash flow from operations.
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 76.92% of its industry peers.
NAS's Return On Equity of 32.55% is fine compared to the rest of the industry. NAS outperforms 76.92% of its industry peers.
NAS has a better Return On Invested Capital (10.23%) than 76.92% 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 has a Profit Margin of 6.70%. This is in the better half of the industry: NAS outperforms 69.23% of its industry peers.
NAS's Profit Margin has declined in the last couple of years.
NAS has a better Operating Margin (9.68%) than 76.92% of its industry peers.
In the last couple of years the Operating Margin of NAS has grown nicely.
NAS's Gross Margin of 52.55% is fine compared to the rest of the industry. NAS outperforms 69.23% 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
NAS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, NAS has more shares outstanding
The number of shares outstanding for NAS has been increased compared to 5 years ago.
NAS has a better debt/assets ratio than last year.
2.2 Solvency
NAS has a debt to FCF ratio of 4.96. This is a neutral value as NAS would need 4.96 years to pay back of all of its debts.
The Debt to FCF ratio of NAS (4.96) is better than 69.23% 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.
The Debt to Equity ratio of NAS (1.49) is worse than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC1.14
WACC9.01%
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 92.31% of its industry peers.
NAS has a Quick Ratio of 1.03. This is a bad value and indicates that NAS is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 0.99, NAS belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
| 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.
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
NAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.68% 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 Y128.48%
EPS Next 2Y47.28%
EPS Next 3Y34.51%
EPS Next 5Y27.68%
Revenue Next Year6.48%
Revenue Next 2Y6.38%
Revenue Next 3Y5.8%
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.
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
NAS is valuated reasonably with a Price/Earnings ratio of 8.10.
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 26.61, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.32, the valuation of NAS can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NAS is on the same level as its industry peers.
NAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.01.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 8.32 |
4.2 Price Multiples
NAS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NAS is cheaper than 76.92% of the companies in the same industry.
NAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NAS is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.16 | ||
| EV/EBITDA | 2.55 |
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 34.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y47.28%
EPS Next 3Y34.51%
5. Dividend
5.1 Amount
NAS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
OSL:NAS (12/23/2025, 1:50:11 PM)
17.335
+0.07 (+0.41%)
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 Cap18.29B
Revenue(TTM)37.35B
Net Income(TTM)2.50B
Analysts78.18
Price Target17.6 (1.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)2.99%
PT rev (3m)6.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)178.26%
EPS NY rev (1m)-4.19%
EPS NY rev (3m)10.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.85%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 8.32 | ||
| P/S | 0.49 | ||
| P/FCF | 6.16 | ||
| P/OCF | 2.38 | ||
| P/B | 2.38 | ||
| P/tB | 3.2 | ||
| EV/EBITDA | 2.55 |
EPS(TTM)2.14
EY12.34%
EPS(NY)2.08
Fwd EY12.01%
FCF(TTM)2.82
FCFY16.24%
OCF(TTM)7.29
OCFY42.05%
SpS35.4
BVpS7.28
TBVpS5.42
PEG (NY)0.06
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
WACC9.01%
ROIC/WACC1.14
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 Y128.48%
EPS Next 2Y47.28%
EPS Next 3Y34.51%
EPS Next 5Y27.68%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
Revenue Next Year6.48%
Revenue Next 2Y6.38%
Revenue Next 3Y5.8%
Revenue Next 5Y9.27%
EBIT growth 1Y57.72%
EBIT growth 3YN/A
EBIT growth 5Y20.92%
EBIT Next Year282.29%
EBIT Next 3Y66.9%
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 128.48% in the next year.