NSKOG Fundamental Analysis - NORSKE SKOG ASA

Fundamental Rating

Overall NSKOG gets a fundamental rating of 2 out of 10. We evaluated NSKOG against 12 industry peers in the Paper & Forest Products industry. Both the profitability and financial health of NSKOG have multiple concerns. NSKOG does not seem to be growing, but still is valued expensively.

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1. Profitability

1.1 Basic Checks

NSKOG had negative earnings in the past year.

NSKOG had a negative operating cash flow in the past year.

In multiple years NSKOG reported negative net income over the last 5 years.

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

1.2 Ratios

With a Return On Assets value of -2.98%, NSKOG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.

NSKOG's Return On Equity of -7.13% is on the low side compared to the rest of the industry. NSKOG is outperformed by 75.00% of its industry peers.

Looking at the Return On Invested Capital, with a value of 2.51%, NSKOG is in line with its industry, outperforming 41.67% of the companies in the same industry.

The Average Return On Invested Capital over the past 3 years for NSKOG is above the industry average of 5.21%.

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

Looking at the Operating Margin, with a value of 3.45%, NSKOG is in line with its industry, outperforming 41.67% of the companies in the same industry.

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

Looking at the Gross Margin, with a value of 34.35%, NSKOG is in line with its industry, outperforming 50.00% 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.

Compared to 5 years ago, NSKOG has more shares outstanding

Compared to 1 year ago, NSKOG has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 0.69, we must say that NSKOG is in the distress zone and has some risk of bankruptcy.

With a Altman-Z score value of 0.69, NSKOG is not doing good in the industry: 83.33% of the companies in the same industry are doing better.

A Debt/Equity ratio of 0.79 indicates that NSKOG is somewhat dependend on debt financing.

With a Debt to Equity ratio value of 0.79, NSKOG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	N/A
Altman-Z	0.69

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

NSKOG has a Current Ratio of 1.39. This is a normal value and indicates that NSKOG is financially healthy and should not expect problems in meeting its short term obligations.

The Current ratio of NSKOG (1.39) is comparable to the rest of the industry.

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

With a Quick ratio value of 0.78, NSKOG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.

		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

NSKOG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -114.57%.

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

Measured over the past years, NSKOG shows a very negative growth in Revenue. The Revenue has been decreasing by -29.57% on average per year.

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

Based on estimates for the next years, NSKOG will show a very strong growth in Earnings Per Share. The EPS will grow by 24.66% on average per year.

The Revenue is expected to grow by 2.37% on average over the next years.

EPS Next Y148.2%

EPS Next 2Y22.17%

EPS Next 3Y24.66%

EPS Next 5YN/A

Revenue Next Year-13.53%

Revenue Next 2Y0.2%

Revenue Next 3Y2.37%

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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4. Valuation

4.1 Price/Earnings Ratio

NSKOG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year NSKOG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		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 24.66% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y22.17%

EPS Next 3Y24.66%

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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.

Compared to an average industry Dividend Yield of 4.25, NSKOG has a dividend in line with its industry peers.

Compared to the average S&P500 Dividend Yield of 2.31, 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 3Y24.66%

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NORSKE SKOG ASA

OSL:NSKOG (12/9/2025, 7:00:00 PM)

16.92

-0.42 (-2.42%)

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 Cap1.44B

Revenue(TTM)2.11B

Net Income(TTM)-419.00M

Analysts81.82

Price Target23.97 (41.67%)

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)0%

PT rev (3m)-18.97%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-87.5%

EPS NY rev (1m)0%

EPS NY rev (3m)208.35%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-4.98%

Revenue NY rev (1m)-2.48%

Revenue NY rev (3m)-11.73%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	0.14
P/FCF	N/A
P/OCF	N/A
P/B	0.24
P/tB	0.25
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	0.69

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 3Y24.66%

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-13.53%

Revenue Next 2Y0.2%

Revenue Next 3Y2.37%

Revenue Next 5YN/A

EBIT growth 1Y-68.71%

EBIT growth 3Y-46.21%

EBIT growth 5Y-50.1%

EBIT Next Year698.94%

EBIT Next 3Y103.27%

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?