NSKOG Fundamental Analysis - NORSKE SKOG ASA

Name: NORSKE SKOG ASA (NSKOG) Stock
Brand: NORSKE SKOG ASA
Rating: 3.5 (3 reviews)

Fundamental Rating

Taking everything into account, NSKOG scores 2 out of 10 in our fundamental rating. NSKOG was compared to 11 industry peers in the Paper & Forest Products industry. Both the profitability and financial health of NSKOG have multiple concerns. NSKOG has a expensive valuation and it also scores bad on growth.

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1. Profitability

1.1 Basic Checks

NSKOG had negative earnings in the past year.

In the past year NSKOG has reported a negative cash flow from operations.

The reported net income has been mixed in the past 5 years: NSKOG reported negative net income in multiple years.

In multiple years NSKOG reported negative operating cash flow during the last 5 years.

1.2 Ratios

NSKOG's Return On Assets of -2.98% is on the low side compared to the rest of the industry. NSKOG is outperformed by 63.64% of its industry peers.

With a Return On Equity value of -7.13%, NSKOG is not doing good in the industry: 63.64% of the companies in the same industry are doing better.

With a Return On Invested Capital value of 2.51%, NSKOG perfoms like the industry average, outperforming 45.45% of the companies in the same industry.

NSKOG had an Average Return On Invested Capital over the past 3 years of 7.92%. This is above the industry average of 5.30%.

The 3 year average ROIC (7.92%) for NSKOG is well above the current ROIC(2.51%). The reason for the recent decline needs to be investigated.

		Industry Rank	Sector Rank
ROA	-2.98%
ROE	-7.13%
ROIC	2.51%

ROA(3y)6.63%

ROA(5y)-1.66%

ROE(3y)15.08%

ROE(5y)-4.97%

ROIC(3y)7.92%

ROIC(5y)5.72%

1.3 Margins

NSKOG has a Operating Margin of 3.45%. This is comparable to the rest of the industry: NSKOG outperforms 45.45% of its industry peers.

In the last couple of years the Operating Margin of NSKOG has declined.

With a Gross Margin value of 34.35%, NSKOG perfoms like the industry average, outperforming 45.45% of the companies in the same industry.

NSKOG's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	3.45%
PM (TTM)	N/A
GM	34.35%

OM growth 3Y-10.16%

OM growth 5Y-29.15%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y5.45%

GM growth 5Y0.52%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

Compared to 1 year ago, NSKOG has about the same amount of shares outstanding.

The number of shares outstanding for NSKOG has been increased compared to 5 years ago.

The debt/assets ratio for NSKOG is higher compared to a year ago.

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.

Looking at the Altman-Z score, with a value of 0.67, NSKOG is doing worse than 81.82% of the companies in the same industry.

NSKOG has a Debt/Equity ratio of 0.79. This is a neutral value indicating NSKOG is somewhat dependend on debt financing.

The Debt to Equity ratio of NSKOG (0.79) is worse than 63.64% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	N/A
Altman-Z	0.67

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 1.39 indicates that NSKOG should not have too much problems paying its short term obligations.

Looking at the Current ratio, with a value of 1.39, NSKOG is in line with its industry, outperforming 54.55% of the companies in the same industry.

A Quick Ratio of 0.78 indicates that NSKOG may have some problems paying its short term obligations.

NSKOG's Quick ratio of 0.78 is on the low side compared to the rest of the industry. NSKOG is outperformed by 63.64% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.39
Quick Ratio	0.78

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for NSKOG have decreased strongly by -114.57% in the last year.

NSKOG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -78.63%.

The Revenue for NSKOG have been decreasing by -29.57% on average. This is quite bad

EPS 1Y (TTM)-114.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-24.41%

Revenue 1Y (TTM)-78.63%

Revenue growth 3Y-40.12%

Revenue growth 5Y-29.57%

Sales Q2Q%-16.21%

3.2 Future

NSKOG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.38% yearly.

NSKOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.57% yearly.

EPS Next Y148.2%

EPS Next 2Y22.17%

EPS Next 3Y26.38%

EPS Next 5YN/A

Revenue Next Year-11.33%

Revenue Next 2Y0.67%

Revenue Next 3Y2.57%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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Find the best growth stocks

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NSKOG. In the last year negative earnings were reported.

Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NSKOG. No positive earnings are expected for the next year.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as NSKOG's earnings are expected to grow with 26.38% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y22.17%

EPS Next 3Y26.38%

More info and screens

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.65%, NSKOG has a reasonable but not impressive dividend return.

In the last 3 months the price of NSKOG has falen by -38.28%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.

NSKOG's Dividend Yield is comparable with the industry average which is at 3.98.

Compared to the average S&P500 Dividend Yield of 2.44, NSKOG is paying slightly less dividend.

		Industry Rank	Sector 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 2Y22.17%

EPS Next 3Y26.38%

More info and screens

Find the best dividend stocks

Show peers with best dividend

NORSKE SKOG ASA

OSL:NSKOG (11/19/2025, 4:10:18 PM)

14.6

+0.28 (+1.96%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryPaper & Forest Products

Earnings (Last)10-24 2025-10-24/bmo

Earnings (Next)02-05 2026-02-05/amc

Inst Owners19.35%

Inst Owner ChangeN/A

Ins Owners20.61%

Ins Owner ChangeN/A

Market Cap1.24B

Revenue(TTM)2.11B

Net Income(TTM)-419.00M

Analysts81.82

Price Target23.97 (64.18%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	1.65%

Yearly DividendN/A

Dividend Growth(5Y)-52.5%

DP0%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)57.45%

Min EPS beat(2)21.1%

Max EPS beat(2)93.79%

EPS beat(4)2

Avg EPS beat(4)-914.62%

Min EPS beat(4)-3470.39%

Max EPS beat(4)93.79%

EPS beat(8)5

Avg EPS beat(8)317.06%

EPS beat(12)6

Avg EPS beat(12)198.35%

EPS beat(16)10

Avg EPS beat(16)178.71%

Revenue beat(2)0

Avg Revenue beat(2)-12.57%

Min Revenue beat(2)-23.8%

Max Revenue beat(2)-1.34%

Revenue beat(4)0

Avg Revenue beat(4)-14.55%

Min Revenue beat(4)-23.8%

Max Revenue beat(4)-1.34%

Revenue beat(8)0

Avg Revenue beat(8)-15.04%

Revenue beat(12)0

Avg Revenue beat(12)-12.79%

Revenue beat(16)2

Avg Revenue beat(16)-9.38%

PT rev (1m)-18.97%

PT rev (3m)-18.97%

EPS NQ rev (1m)-87.5%

EPS NQ rev (3m)-87.5%

EPS NY rev (1m)266.79%

EPS NY rev (3m)718.4%

Revenue NQ rev (1m)-4.98%

Revenue NQ rev (3m)-4.98%

Revenue NY rev (1m)-2.63%

Revenue NY rev (3m)-9.49%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	0.12
P/FCF	N/A
P/OCF	N/A
P/B	0.21
P/tB	0.21
EV/EBITDA	N/A

EPS(TTM)-0.64

EYN/A

EPS(NY)-2.37

Fwd EYN/A

FCF(TTM)-3.87

FCFYN/A

OCF(TTM)-1.71

OCFYN/A

SpS118.46

BVpS69.27

TBVpS69.04

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-2.98%
ROE	-7.13%
ROCE	3.02%
ROIC	2.51%
ROICexc	2.78%
ROICexgc	2.78%
OM	3.45%
PM (TTM)	N/A
GM	34.35%
FCFM	N/A

ROA(3y)6.63%

ROA(5y)-1.66%

ROE(3y)15.08%

ROE(5y)-4.97%

ROIC(3y)7.92%

ROIC(5y)5.72%

ROICexc(3y)10.51%

ROICexc(5y)7.52%

ROICexgc(3y)10.53%

ROICexgc(5y)7.54%

ROCE(3y)9.55%

ROCE(5y)6.89%

ROICexgc growth 3Y-56.9%

ROICexgc growth 5Y-53.47%

ROICexc growth 3Y-56.85%

ROICexc growth 5Y-53.43%

OM growth 3Y-10.16%

OM growth 5Y-29.15%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y5.45%

GM growth 5Y0.52%

F-Score2

Asset Turnover0.71

Health

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	1.82%
Interest Coverage	7.08
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.39
Quick Ratio	0.78
Altman-Z	0.67

F-Score2

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-114.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-24.41%

EPS Next Y148.2%

EPS Next 2Y22.17%

EPS Next 3Y26.38%

EPS Next 5YN/A

Revenue 1Y (TTM)-78.63%

Revenue growth 3Y-40.12%

Revenue growth 5Y-29.57%

Sales Q2Q%-16.21%

Revenue Next Year-11.33%

Revenue Next 2Y0.67%

Revenue Next 3Y2.57%

Revenue Next 5YN/A

EBIT growth 1Y-68.71%

EBIT growth 3Y-46.21%

EBIT growth 5Y-50.1%

EBIT Next Year816.5%

EBIT Next 3Y112.07%

EBIT Next 5YN/A

FCF growth 1Y36.06%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-106.73%

OCF growth 3YN/A

OCF growth 5YN/A

NORSKE SKOG ASA / NSKOG.OL FAQ

What is the fundamental rating for NSKOG stock?

ChartMill assigns a fundamental rating of 2 / 10 to NSKOG.OL.

What is the valuation status for NSKOG stock?

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

What is the profitability of NSKOG stock?

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

Can you provide the dividend sustainability for NSKOG stock?

The dividend rating of NORSKE SKOG ASA (NSKOG.OL) is 2 / 10 and the dividend payout ratio is 0%.

NORSKE SKOG ASA (NSKOG.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens

NORSKE SKOG ASA / NSKOG.OL FAQ

What is the fundamental rating for NSKOG stock?

What is the valuation status for NSKOG stock?

What is the profitability of NSKOG stock?

Can you provide the dividend sustainability for NSKOG stock?