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

OSL:NSKOG • NO0010861115

Current stock price

34.1 NOK
+1.4 (+4.28%)
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.
  • 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

  • NSKOG has a better Return On Assets (2.75%) than 75.00% of its industry peers.
  • With a decent Return On Equity value of 6.96%, NSKOG is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • 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 6.96%
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

  • With a decent Profit Margin value of 4.29%, NSKOG is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NSKOG has declined.
  • NSKOG's Operating Margin of 2.23% is on the low side compared to the rest of the industry. NSKOG is outperformed by 66.67% of its industry peers.
  • In the last couple of years the Operating Margin of NSKOG has grown nicely.
  • With a Gross Margin value of 34.02%, NSKOG perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • NSKOG's Gross Margin has declined in the last couple of years.
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.
  • Compared to 1 year ago, NSKOG has about the same amount of shares outstanding.
  • Compared to 5 years ago, NSKOG has more shares outstanding
  • The debt/assets ratio for NSKOG is higher compared to a year ago.
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 0.64. 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 0.64 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 0.64
ROIC/WACC0.26
WACC5.62%
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

  • A Current Ratio of 1.14 indicates that NSKOG should not have too much problems paying 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.
  • A Quick Ratio of 0.76 indicates that NSKOG may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.76, NSKOG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
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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5

3. NSKOG.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 113.26% over the past year.
  • 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
  • Measured over the past years, NSKOG shows a small growth in Revenue. The Revenue has been growing by 0.59% on average per year.
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 negative growth in Earnings Per Share. The EPS will decrease by -41.72% on average per year.
  • The Revenue is expected to grow by 9.17% on average over the next years. This is quite good.
EPS Next Y-570.9%
EPS Next 2Y-41.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.01%
Revenue Next 2Y9.17%
Revenue Next 3YN/A
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 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

  • NSKOG is valuated quite expensively with a Price/Earnings ratio of 55.00.
  • 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.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, NSKOG is valued quite expensively.
  • NSKOG is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 55
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

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

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

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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%.
  • Compared to an average industry Dividend Yield of 3.01, NSKOG has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, 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 (3/13/2026, 7:00:00 PM)

34.1

+1.4 (+4.28%)

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 Cap2.89B
Revenue(TTM)9.45B
Net Income(TTM)405.00M
Analysts82
Price Target23.46 (-31.2%)
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)-13.21%
PT rev (3m)-2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.39%
EPS NY rev (3m)-23.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.32%
Revenue NY rev (3m)-6.32%
Valuation
Industry RankSector Rank
PE 55
Fwd PE N/A
P/S 0.31
P/FCF N/A
P/OCF 12.74
P/B 0.5
P/tB 0.5
EV/EBITDA N/A
EPS(TTM)0.62
EY1.82%
EPS(NY)-2.91
Fwd EYN/A
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY7.85%
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 0.64
F-Score4
WACC5.62%
ROIC/WACC0.26
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 Year9.01%
Revenue Next 2Y9.17%
Revenue Next 3YN/A
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 3 / 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.


What is the profitability of NSKOG stock?

NORSKE SKOG ASA (NSKOG.OL) has a profitability rating of 4 / 10.


How financially healthy is NORSKE SKOG ASA?

The financial health rating of NORSKE SKOG ASA (NSKOG.OL) is 1 / 10.


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.