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

OSL:NSKOG • NO0010861115

Current stock price

38.9 NOK
-0.5 (-1.27%)
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.
  • NSKOG had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: NSKOG reported negative net income in multiple years.
  • NSKOG had a positive operating cash flow in 4 of the past 5 years.
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

  • With a decent Return On Assets value of 2.75%, NSKOG is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • NSKOG has a Return On Equity of 6.94%. This is in the better half of the industry: NSKOG outperforms 66.67% of its industry peers.
  • NSKOG's Return On Invested Capital of 1.46% is on the low side compared to the rest of the industry. NSKOG is outperformed by 75.00% of its industry peers.
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

  • NSKOG has a Profit Margin of 4.28%. This is in the better half of the industry: NSKOG outperforms 75.00% of its industry peers.
  • NSKOG's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 2.23%, NSKOG is doing worse than 66.67% of the companies in the same industry.
  • The Gross Margin of NSKOG (34.02%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of NSKOG has declined.
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

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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.
  • The number of shares outstanding for NSKOG remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, NSKOG has more shares outstanding
  • 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

  • NSKOG has an Altman-Z score of 0.67. This is a bad value and indicates that NSKOG is not financially healthy and even has some risk of bankruptcy.
  • NSKOG's Altman-Z score of 0.67 is on the low side compared to the rest of the industry. NSKOG is outperformed by 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.
  • NSKOG has a Debt to Equity ratio of 0.76. This is in the lower half of the industry: NSKOG underperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 0.67
ROIC/WACC0.25
WACC5.85%
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.
  • NSKOG has a worse Current ratio (1.14) than 75.00% of its industry peers.
  • A Quick Ratio of 0.76 indicates that NSKOG may have some problems paying its short term obligations.
  • NSKOG's Quick ratio of 0.76 is on the low side compared to the rest of the industry. NSKOG is outperformed by 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

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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.
  • The Revenue for NSKOG has decreased by -11.16% in the past year. This is quite bad
  • 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

  • Based on estimates for the next years, NSKOG will show a very strong growth in Earnings Per Share. The EPS will grow by 92.70% on average per year.
  • 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

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1

4. NSKOG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 62.74, which means the current valuation is very expensive for NSKOG.
  • 66.67% of the companies in the same industry are cheaper than NSKOG, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of NSKOG to the average of the S&P500 Index (27.47), we can say NSKOG is valued expensively.
  • NSKOG is valuated quite expensively with a Price/Forward Earnings ratio of 49.05.
  • Based on the Price/Forward Earnings ratio, NSKOG is valued a bit more expensive than 75.00% of the companies in the same industry.
  • NSKOG is valuated expensively when we compare the Price/Forward Earnings ratio to 22.62, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 62.74
Fwd PE 49.05
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 an expensive valuation of the company.
  • NSKOG's earnings are expected to grow with 92.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.23
PEG (5Y)N/A
EPS Next 2Y20.66%
EPS Next 3Y92.7%

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

2

5. NSKOG.OL Dividend Analysis

5.1 Amount

  • NSKOG has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
  • 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

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NSKOG.OL Fundamentals: All Metrics, Ratios and Statistics

NORSKE SKOG ASA

OSL:NSKOG (4/23/2026, 7:00:00 PM)

38.9

-0.5 (-1.27%)

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 Cap3.30B
Revenue(TTM)9.45B
Net Income(TTM)404.00M
Analysts82
Price Target23.46 (-39.69%)
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 62.74
Fwd PE 49.05
P/S 0.35
P/FCF N/A
P/OCF 14.54
P/B 0.57
P/tB 0.57
EV/EBITDA N/A
EPS(TTM)0.62
EY1.59%
EPS(NY)0.79
Fwd EY2.04%
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY6.88%
SpS111.33
BVpS68.59
TBVpS68.39
PEG (NY)2.23
PEG (5Y)N/A
Graham Number30.9322 (-20.48%)
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
WACC5.85%
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 62.74 and the Price/Book (PB) ratio is 0.57.


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.