NORWEGIAN AIR SHUTTLE AS (NAS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:NAS - NO0010196140 - Common Stock
17.445 NOK
+0.01 (+0.06%)
NAS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Passenger Airlines industry. NAS has an average financial health and profitability rating. NAS may be a bit undervalued, certainly considering the very reasonable score on growth
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.
Of the past 5 years NAS 4 years were profitable.
Of the past 5 years NAS 4 years had a positive operating cash flow.
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 78.57% of the companies in the same industry.
NAS's Return On Equity of 32.55% is fine compared to the rest of the industry. NAS outperforms 78.57% of its industry peers.
NAS's Return On Invested Capital of 10.23% is fine compared to the rest of the industry. NAS outperforms 78.57% 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
The Profit Margin of NAS (6.70%) is better than 71.43% of its industry peers.
In the last couple of years the Profit Margin of NAS has declined.
The Operating Margin of NAS (9.68%) is better than 78.57% of its industry peers.
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 64.29% 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.
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.
NAS has a better Debt to FCF ratio (4.96) than 71.43% 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 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC1.15
WACC8.87%
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 92.86% 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.
Looking at the Quick ratio, with a value of 0.99, NAS belongs to the top of the industry, outperforming 92.86% 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.
NAS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.19%.
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
The Earnings Per Share is expected to grow by 27.68% 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 Y139.12%
EPS Next 2Y49.19%
EPS Next 3Y36.44%
EPS Next 5Y27.68%
Revenue Next Year6.76%
Revenue Next 2Y6.48%
Revenue Next 3Y5.95%
Revenue Next 5Y9.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 8.15.
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 27.17.
Based on the Price/Forward Earnings ratio of 8.16, 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 23.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.15 | ||
| Fwd PE | 8.16 |
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 78.57% of the companies listed in the same industry.
85.71% of the companies in the same industry are more expensive than NAS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.2 | ||
| EV/EBITDA | 2.57 |
4.3 Compensation for Growth
NAS's 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 36.44% in the coming years.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y49.19%
EPS Next 3Y36.44%
5. Dividend
5.1 Amount
No dividends for NAS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
OSL:NAS (1/6/2026, 4:19:53 PM)
17.445
+0.01 (+0.06%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners45.6%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap18.41B
Revenue(TTM)37.35B
Net Income(TTM)2.50B
Analysts78.18
Price Target17.6 (0.89%)
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)4.66%
EPS NY rev (3m)19.83%
Revenue NQ rev (1m)1.06%
Revenue NQ rev (3m)1.92%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.15 | ||
| Fwd PE | 8.16 | ||
| P/S | 0.49 | ||
| P/FCF | 6.2 | ||
| P/OCF | 2.39 | ||
| P/B | 2.4 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 2.57 |
EPS(TTM)2.14
EY12.27%
EPS(NY)2.14
Fwd EY12.25%
FCF(TTM)2.82
FCFY16.14%
OCF(TTM)7.29
OCFY41.78%
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
WACC8.87%
ROIC/WACC1.15
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 Y139.12%
EPS Next 2Y49.19%
EPS Next 3Y36.44%
EPS Next 5Y27.68%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y91.01%
Revenue growth 5Y-4.09%
Sales Q2Q%5.68%
Revenue Next Year6.76%
Revenue Next 2Y6.48%
Revenue Next 3Y5.95%
Revenue Next 5Y9.27%
EBIT growth 1Y57.72%
EBIT growth 3YN/A
EBIT growth 5Y20.92%
EBIT Next Year282.93%
EBIT Next 3Y66.97%
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 of NORWEGIAN AIR SHUTTLE AS (NAS.OL) 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.
What is the earnings growth outlook for NORWEGIAN AIR SHUTTLE AS?
The Earnings per Share (EPS) of NORWEGIAN AIR SHUTTLE AS (NAS.OL) is expected to grow by 139.12% in the next year.