NORSKE SKOG ASA (NSKOG.OL) Fundamental Analysis & Valuation

OSL:NSKOG • NO0010861115

Current stock price

40.1 NOK
+0.73 (+1.84%)
Last:

This NSKOG.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. NSKOG.OL Profitability Analysis

1.1 Basic Checks

  • In the past year NSKOG was profitable.
  • In the past year NSKOG had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: NSKOG reported negative net income in multiple years.
  • Of the past 5 years NSKOG 4 years had a positive operating cash flow.
NSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFNSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • NSKOG has a Return On Assets of 2.75%. This is in the better half of the industry: NSKOG outperforms 75.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.94%, NSKOG is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • With a Return On Invested Capital value of 1.46%, NSKOG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 2.75%
ROE 6.94%
ROIC 1.46%
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
ROIC(3y)N/A
ROIC(5y)N/A
NSKOG.OL Yearly ROA, ROE, ROICNSKOG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.28%, NSKOG is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • NSKOG's Profit Margin has declined in the last couple of years.
  • NSKOG has a Operating Margin of 2.23%. This is in the lower half of the industry: NSKOG underperforms 66.67% of its industry peers.
  • NSKOG has a Gross Margin (34.02%) which is comparable to the rest of the industry.
  • NSKOG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 2.23%
PM (TTM) 4.28%
GM 34.02%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-11.22%
GM growth 5Y-5.63%
NSKOG.OL Yearly Profit, Operating, Gross MarginsNSKOG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NSKOG.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSKOG is destroying value.
  • Compared to 1 year ago, NSKOG has about the same amount of shares outstanding.
  • NSKOG has more shares outstanding than it did 5 years ago.
  • NSKOG has a worse debt/assets ratio than last year.
NSKOG.OL Yearly Shares OutstandingNSKOG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSKOG.OL Yearly Total Debt VS Total AssetsNSKOG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.67, we must say that NSKOG is in the distress zone and has some risk of bankruptcy.
  • NSKOG has a worse Altman-Z score (0.67) than 83.33% of its industry peers.
  • NSKOG has a Debt/Equity ratio of 0.76. This is a neutral value indicating NSKOG is somewhat dependend on debt financing.
  • The Debt to Equity ratio of NSKOG (0.76) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 0.67
ROIC/WACC0.25
WACC5.86%
NSKOG.OL Yearly LT Debt VS Equity VS FCFNSKOG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • NSKOG has a Current Ratio of 1.14. This is a normal value and indicates that NSKOG is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.14, NSKOG is doing worse than 75.00% of the companies in the same industry.
  • NSKOG has a Quick Ratio of 1.14. This is a bad value and indicates that NSKOG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NSKOG has a Quick ratio of 0.76. This is in the lower half of the industry: NSKOG underperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.76
NSKOG.OL Yearly Current Assets VS Current LiabilitesNSKOG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NSKOG.OL Growth Analysis

3.1 Past

  • NSKOG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 113.26%, which is quite impressive.
  • Measured over the past years, NSKOG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -67.84% on average per year.
  • Looking at the last year, NSKOG shows a very negative growth in Revenue. The Revenue has decreased by -11.16% in the last year.
  • NSKOG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.59% yearly.
EPS 1Y (TTM)113.26%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%36.69%
Revenue 1Y (TTM)-11.16%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-2.89%

3.2 Future

  • The Earnings Per Share is expected to grow by 92.70% on average over the next years. This is a very strong growth
  • NSKOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.68% yearly.
EPS Next Y28.13%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
EPS Next 5YN/A
Revenue Next Year11.66%
Revenue Next 2Y9.44%
Revenue Next 3Y7.68%
Revenue Next 5YN/A

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.
NSKOG.OL Yearly Revenue VS EstimatesNSKOG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
NSKOG.OL Yearly EPS VS EstimatesNSKOG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 -5 10 15

More info and screens

Find the best growth stocksShow best growing peers

1

4. NSKOG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 64.68, which means the current valuation is very expensive for NSKOG.
  • Based on the Price/Earnings ratio, NSKOG is valued a bit more expensive than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.71, NSKOG is valued quite expensively.
  • The Price/Forward Earnings ratio is 50.56, which means the current valuation is very expensive for NSKOG.
  • Based on the Price/Forward Earnings ratio, NSKOG is valued a bit more expensive than 75.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.09, NSKOG is valued a bit more expensive.
Industry RankSector Rank
PE 64.68
Fwd PE 50.56
NSKOG.OL Price Earnings VS Forward Price EarningsNSKOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NSKOG.OL Per share dataNSKOG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NSKOG does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as NSKOG's earnings are expected to grow with 92.70% in the coming years.
PEG (NY)2.3
PEG (5Y)N/A
EPS Next 2Y20.66%
EPS Next 3Y92.7%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. NSKOG.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.65%, NSKOG has a reasonable but not impressive dividend return.
  • NSKOG's Dividend Yield is comparable with the industry average which is at 3.07.
  • NSKOG's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.65%

5.2 History

  • The dividend of NSKOG decreases each year by -52.50%.
Dividend Growth(5Y)-52.5%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
NSKOG.OL Yearly Income VS Free CF VS DividendNSKOG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

More info and screens

Find the best dividend stocksShow peers with best dividend

NSKOG.OL Fundamentals: All Metrics, Ratios and Statistics

NORSKE SKOG ASA

OSL:NSKOG (4/21/2026, 4:12:38 PM)

40.1

+0.73 (+1.84%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)02-05
Earnings (Next)04-24
Inst Owners9.44%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.40B
Revenue(TTM)9.45B
Net Income(TTM)404.00M
Analysts82
Price Target23.46 (-41.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0
Dividend Growth(5Y)-52.5%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.32%
Min EPS beat(2)-18.96%
Max EPS beat(2)-7.68%
EPS beat(4)2
Avg EPS beat(4)22.06%
Min EPS beat(4)-18.96%
Max EPS beat(4)93.79%
EPS beat(8)3
Avg EPS beat(8)-416.9%
EPS beat(12)5
Avg EPS beat(12)204.73%
EPS beat(16)8
Avg EPS beat(16)168.6%
Revenue beat(2)0
Avg Revenue beat(2)-6.53%
Min Revenue beat(2)-10.6%
Max Revenue beat(2)-2.45%
Revenue beat(4)0
Avg Revenue beat(4)-9.55%
Min Revenue beat(4)-23.8%
Max Revenue beat(4)-1.34%
Revenue beat(8)0
Avg Revenue beat(8)-13.41%
Revenue beat(12)0
Avg Revenue beat(12)-12.51%
Revenue beat(16)1
Avg Revenue beat(16)-10.23%
PT rev (1m)0%
PT rev (3m)-2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)127.21%
EPS NY rev (3m)133.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.42%
Revenue NY rev (3m)-4.05%
Valuation
Industry RankSector Rank
PE 64.68
Fwd PE 50.56
P/S 0.36
P/FCF N/A
P/OCF 14.99
P/B 0.58
P/tB 0.59
EV/EBITDA N/A
EPS(TTM)0.62
EY1.55%
EPS(NY)0.79
Fwd EY1.98%
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY6.67%
SpS111.33
BVpS68.59
TBVpS68.39
PEG (NY)2.3
PEG (5Y)N/A
Graham Number30.9322 (-22.86%)
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 6.94%
ROCE 1.9%
ROIC 1.46%
ROICexc 1.62%
ROICexgc 1.62%
OM 2.23%
PM (TTM) 4.28%
GM 34.02%
FCFM N/A
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-11.22%
GM growth 5Y-5.63%
F-Score4
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 10.4%
Interest Coverage 0.92
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.14
Quick Ratio 0.76
Altman-Z 0.67
F-Score4
WACC5.86%
ROIC/WACC0.25
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)19.48%
Cap/Sales(5y)16.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)113.26%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%36.69%
EPS Next Y28.13%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.16%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-2.89%
Revenue Next Year11.66%
Revenue Next 2Y9.44%
Revenue Next 3Y7.68%
Revenue Next 5YN/A
EBIT growth 1Y30.25%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year543.78%
EBIT Next 3Y83.52%
EBIT Next 5YN/A
FCF growth 1Y52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1613.33%
OCF growth 3Y-51.9%
OCF growth 5Y-16.19%

NORSKE SKOG ASA / NSKOG.OL Fundamental Analysis FAQ

What is the fundamental rating for NSKOG stock?

ChartMill assigns a fundamental rating of 3 / 10 to NSKOG.OL.


Can you provide the valuation status for NORSKE SKOG ASA?

ChartMill assigns a valuation rating of 1 / 10 to NORSKE SKOG ASA (NSKOG.OL). This can be considered as Overvalued.


How profitable is NORSKE SKOG ASA (NSKOG.OL) stock?

NORSKE SKOG ASA (NSKOG.OL) has a profitability rating of 3 / 10.


What are the PE and PB ratios of NORSKE SKOG ASA (NSKOG.OL) stock?

The Price/Earnings (PE) ratio for NORSKE SKOG ASA (NSKOG.OL) is 64.68 and the Price/Book (PB) ratio is 0.58.


What is the earnings growth outlook for NORSKE SKOG ASA?

The Earnings per Share (EPS) of NORSKE SKOG ASA (NSKOG.OL) is expected to grow by 28.13% in the next year.