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

OSL:NSKOG • NO0010861115

Current stock price

37.5 NOK
-0.6 (-1.57%)
Last:

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

4

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's Return On Assets of 2.75% is fine compared to the rest of the industry. NSKOG outperforms 75.00% of its industry peers.
  • The Return On Equity of NSKOG (6.96%) is better than 66.67% of its industry peers.
  • NSKOG has a Return On Invested Capital of 1.46%. This is in the lower half of the industry: NSKOG underperforms 75.00% of its industry peers.
Industry RankSector Rank
ROA 2.75%
ROE 6.96%
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 4.29%. 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.
  • 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.
  • In the last couple of years the Operating Margin of NSKOG has grown nicely.
  • NSKOG has a Gross Margin (34.02%) which 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) 4.29%
GM 34.03%
OM growth 3Y-48.33%
OM growth 5Y7.12%
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-6.66%
GM growth 5Y-2.75%
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

  • NSKOG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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

  • Based on the Altman-Z score of 0.66, we must say that NSKOG is in the distress zone and has some risk of bankruptcy.
  • NSKOG has a worse Altman-Z score (0.66) than 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.76 indicates that 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 0.66
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.
  • With a Current ratio value of 1.14, NSKOG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • 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.
  • The Quick ratio of NSKOG (0.76) is worse than 75.00% 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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4

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.
  • The earnings per share for NSKOG have been decreasing by -67.84% on average. This is quite bad
  • Looking at the last year, NSKOG shows a very negative growth in Revenue. The Revenue has decreased by -11.16% in the last year.
  • The Revenue has been growing slightly by 0.59% on average over the past years.
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 decrease by -41.72% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 6.92% on average over the next years.
EPS Next Y-570.9%
EPS Next 2Y-41.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.3%
Revenue Next 2Y9.77%
Revenue Next 3Y6.92%
Revenue Next 5YN/A

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.
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 0 5 -5 10 15

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0

4. NSKOG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 60.48, the valuation of NSKOG can be described as expensive.
  • NSKOG's Price/Earnings ratio is a bit more expensive when compared to the industry. NSKOG is more expensive than 66.67% of the companies in the same industry.
  • NSKOG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.91.
  • NSKOG is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 60.48
Fwd PE N/A
NSKOG.OL Price Earnings VS Forward Price EarningsNSKOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 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

  • NSKOG's earnings are expected to decrease with -41.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.72%
EPS Next 3YN/A

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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 3.02.
  • Compared to an average S&P500 Dividend Yield of 1.89, NSKOG has a dividend comparable with the average S&P500 company.
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

  • The Dividend Rate of NSKOG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP0%
EPS Next 2Y-41.72%
EPS Next 3YN/A
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 (4/8/2026, 4:20:04 PM)

37.5

-0.6 (-1.57%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)02-05
Earnings (Next)04-24
Inst Owners10.82%
Inst Owner ChangeN/A
Ins Owners20.58%
Ins Owner ChangeN/A
Market Cap3.18B
Revenue(TTM)9.45B
Net Income(TTM)405.00M
Analysts82
Price Target23.46 (-37.44%)
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)0%
EPS NY rev (3m)-23.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.02%
Revenue NY rev (3m)-3.49%
Valuation
Industry RankSector Rank
PE 60.48
Fwd PE N/A
P/S 0.34
P/FCF N/A
P/OCF 14.02
P/B 0.55
P/tB 0.55
EV/EBITDA N/A
EPS(TTM)0.62
EY1.65%
EPS(NY)-2.91
Fwd EYN/A
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY7.13%
SpS111.34
BVpS68.59
TBVpS68.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.93
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 6.96%
ROCE 1.9%
ROIC 1.46%
ROICexc 1.62%
ROICexgc 1.62%
OM 2.23%
PM (TTM) 4.29%
GM 34.03%
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 3Y-59.05%
ROICexgc growth 5Y-7.53%
ROICexc growth 3Y-59.05%
ROICexc growth 5Y-7.34%
OM growth 3Y-48.33%
OM growth 5Y7.12%
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-6.66%
GM growth 5Y-2.75%
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 0.66
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 Y-570.9%
EPS Next 2Y-41.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.16%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-2.89%
Revenue Next Year12.3%
Revenue Next 2Y9.77%
Revenue Next 3Y6.92%
Revenue Next 5YN/A
EBIT growth 1Y30.25%
EBIT growth 3Y-55.25%
EBIT growth 5Y7.74%
EBIT Next Year524.01%
EBIT Next 3YN/A
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 2 / 10 to NSKOG.OL.


Can you provide the valuation status for NORSKE SKOG ASA?

ChartMill assigns a valuation rating of 0 / 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 4 / 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 60.48 and the Price/Book (PB) ratio is 0.55.


What is the earnings growth outlook for NORSKE SKOG ASA?

The Earnings per Share (EPS) of NORSKE SKOG ASA (NSKOG.OL) is expected to decline by -570.9% in the next year.